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7. Condemnation. 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 may be paid for any property taken or for damages to property
<br />not taken, and Mortgagee shall apply such compensation, at its option, either to a reduction of the indebtedness secured
<br />hereby or to repair and restore the property so damaged.
<br />8. Performance by Mortgagee. Mortgagee may, but shall have no obligation, to do any act which the Mortgagor
<br />has agreed but fails to do, and Mortgagee may also do any act it deems necessary to protect the lien hereof. Mortgagor
<br />agrees to repay, upon demand, any sums so expended by the Mortgagee for the above purposes, and any sums so expended
<br />by the Mortgagee shall be added to the indebtedness secured hereby and become subject to the lien hereof. Mortgagee
<br />shall not incur any personal liability because of anything it may do or omit to do hereunder.
<br />9. Default; Assignment of Rents. Time is of the essence hereof, and upon Mortgagor's default in any covenant
<br />or agreement 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 and 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 />default 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 />first to the cost of collection and operation of the Property and then upon the indebtedness secured by Ibis Mortgagee;
<br />said rents, issues 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 additional and future advances to
<br />Mortgagor. Such advances, with interest thereon, shall he 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) All remedies provided herein are distinct, and cumulative to any other right afforded by law or equity,
<br />and may be exercised :•oncurrently• Independently or successively.
<br />(c) 'Pie 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 )' rtgage, Mortgagee shall discharge this ':Mortgage and
<br />shall execute and deliver a satisfacto; v release therefor.
<br />IN WITNESS WHEREUI'•, Mortgagor has executed thisl4orlgage nn the _. 1 1 day of Oct . 19 85_.
<br />t _
<br />( `I Douglas, Camp lin) n" Uef r
<br />--
<br />(Judith A. Camplin)
<br />pule of Nebraska, Ila11 County ss:
<br />On this. -_1.1 ttt___-_day of _. - Qct-o -ber -_ — 1985 --, he fore me. the undersigned, a Notary Public
<br />duly commissioned and qi nlified for said county, personally came ___29_:_._.D9u9 1 ds _Campl-in and �7ud,lth,
<br />A . Comp 1 i n ____ _,__ , to me known to be the
<br />identical persons) whose narn0s) are subscribed to the foregoing instrument and acknowledged the execution thereof
<br />W be ..._..the 1 r _ ___ _ - _.. __ voluntary act and deed.
<br />Grand Island, IV L'
<br />Witnesv my hand and nolrrial seal at .. in snnid county, the
<br />date aforesaid.
<br />.--_. My Commission expires:
<br />C" --
<br />"'`' t)MdiMLM�YAaY- Mara /MrrtltY - ./. _ ,,• - - - - _ . Notary Pul,ul
<br />IMkW RAUiRT
<br />1* ON . EW Ott IR 1988
<br />._._._.._.. -..._v _._ __ _ _ iFn.rr non. „. rhns tenor u� +.•.,..t n.rt taoae..v„n w•.•.,,.u•n _
<br />C nisi e•
<br />
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