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<br />T. CandemsmMon. In the event the Property, or any part thereof, shall be taken by eminent domain, the Mortgagee
<br />is empowered to collect and receive all compensation which maybe paid for any property taken or for damages to property
<br />not taben, and Mortgages shall apply such compensation, at its option, either to a reduction of the indebtedness secured
<br />hereby or to npdr and restoee'the property so damaged.
<br />& hrfammee by Mortgages. Mortgagee may, but shill have no obligation, to do any act which the MortgaRar
<br />has agreed r but fdh to do, and Mortgepe may also do any act it deems necessary to protect the Tien bereof. )Mortgagor
<br />apeas to repay, upon 1, d, my eumn so expended by the Mortgagee for the above purposes, and any soon so expended
<br />by; the MortMee shall be added to the indebtedness secured hereby and become subject to the lies bereof. Wkwtpgse
<br />AM not inew may pe sond liability because se of anything It may do or omit to do hereunder.
<br />9. DetanW, Anigmrsnt of'Rents. Time is of the essence hereof, and upon Montpgor's default in any covenant
<br />or apeement of this Mortgage, including covenants to pay when due the sums secured by this Mortgage, the Mortgagee shall
<br />be entitled, at its sole option aatd without notice, to declare all sums secured by this Mortgage to be immediately due and
<br />payable and may commence foreclosure of this Mortgage by judicial proceedings; and, provided further, that upon such
<br />dtbuht the Mortgagee, or a receiver appointed by a court, may at its option and without regard to the adequacy of the
<br />security, enter upon and take possession of the Property and collect the rents, issues and profits therefrom and apply them
<br />flat to the cost of collection and operation of the Property and then upon the Indebtedness secured by this Mortgagee;
<br />acid -rgNs. Won and profits being assigned to the Mortgagee as further security for the payment of the indebtedness
<br />secured hereby.
<br />10. Transfer of Property. If all or any part of the Property is sold or transferred without the express written con-
<br />sent of the Mortgagee, Mortgagee may at its sole option, declare all sums secured by this Mortgage to be immediately due
<br />and payable.
<br />11. Future Advances. Upon request of Mortgagor, Mortgagee may make additions) and future advances to
<br />Mortgagor. Such advances, with interest thereon, shall be secured by this Mortgage when evidenced by promissory notes
<br />stating that said notes are secured hereby. At no time shall the principal amount of the indebtedness secured by this
<br />Mortgage, not including sums advanced to protect the security of this Mortgage, exceed the original Note.
<br />12. Miscellaneous Provisions.
<br />(a) Any forebearance in exercising any right or remedy shall not be a waiver thereof.
<br />(b) Ali remedies provided herein are distinct and cumulative to any other right afforded by law or equity,
<br />and may be. exercised = oncurrentiy, independently or successively.
<br />(c) The covenants and agreements contained herein shall bind, and the rights inure to, the respective
<br />successors and assigns of the Mortgagor and the Mortgagee.
<br />(d) All covenants and agreements of the Mortgagor are joint and several.
<br />(e) The headings of the paragraphs of this Mortgage are for convenience only and shall not be used to inter-
<br />pret or define the provisions hereof.
<br />13. Release. Upon payment of all sums secured by this '.Iortgage, Mortgagee shall discharge this Mortgage and
<br />shall execute and deliver a satisfactory release therefor.
<br />IN WITNESS WHEREOF. Mortgagor has executed this Mortgage on the --latiay of 9ctobe - 19 B-r _.
<br />Wedgewopd, Inc.
<br />By:;.- �" -red✓
<br />eo.xgwef
<br />State of N Hall --- _County se:
<br />On this I Rth day of ontohpr 1985.._, before me, the undersigned, a Notary Public
<br />duty commissioned and qualified for said county, personally came Janice ThAygr- Preai dent of Wadawa d,
<br />In S. . Nebra ka (;Qrporation. to me known to be the
<br />identical pr=on(syhwheae name(a) are subscribed t the ongoing instrument and acknowledged the execution thereof
<br />to Im )abaft her , voluntary act and deed.
<br />Witnew my Lund and notarial seal at— Grand Island,. N£._ -__ in said county, the
<br />data aforesaid .
<br />Icy Commission expires: �—
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