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<br />4. In the went the Property, or any part thereof, sha71 be taken by eminent
<br />domain, the Mortgagee is empowered to collect and receive all compensation which
<br />may be paid for any property taken or for damages to property not taken, and Mortgagee
<br />shall apply such compensation, at its option, either to a reduction of the indebtedness
<br />secured hereby or to repair and restore the property so damaged,
<br />5, -Mortgagee may, but shall have no obligation, to do any act which the Mortgagor
<br />hats agreed but fails to do, and Mortgagee may also do any act it deems necessary to
<br />protect the lien hereof. Mortgagor agrees to repay, upon demand, any sums so expended
<br />by the Mortgagee far the above purposes, and any sums sa expended by the Mortgagee
<br />sha7i be added to the indebtedness secured hereby and become subject to the lien
<br />hereof. Mortgagee shall not incur any personal liability because of anything it
<br />may do or or~it to do hereunder.
<br />6. Tme~is`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
<br />by this Mortgage, the Mortgagee sha1T be entitled, at its sole option and without
<br />notice, to declare all sums secured by this Mortgage to be immediately due and
<br />payable and nay commence foreglosure of this Martgage by judicial proceedings;
<br />and, provided further, that upon such default the Mortgagee, or a receiver
<br />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 Pr°operty and collect the rents
<br />issues and profits therefrom and apply them first to the cost of collection and
<br />operation of the Property and then upon the indebtedness secured by this Mortgage;
<br />said rents, issue~> and profits being assigned to the Mortgagee as further security
<br />for the payment o7F the indebtedness secured hereby.
<br />7. If al'l or any part of the property is sold or transferred without the express
<br />written consent of the Mortgagee, Mortgagor may at its sale option, declare all sums
<br />secured by this Mortgage to be immediately due and payable.
<br />B. Any forebearance in exercising any right or remedy shall not be a waiver thereof.
<br />9. All remedies provided herein are distinct and cumulative to any other right
<br />afforded by 1!aw or equity, and may be exercised concurrently, independently or
<br />successively,.
<br />10. The covenants and agreements contained herein shall bind, and all rights
<br />inure to, the respective successors and assigns of the Mortgagor and the Mortgagee.
<br />II. All covenants and agreements of the Mortgagor and the Mortgagee are joint
<br />and several.
<br />li?. Upon paymient of all sums secured by this Martgage, Mortgagee shall dis-charge
<br />this Mortgage and shall execute and deliver a satisfactory release therefor.
<br />IN WITNESS WHEREOF, Mortgagor has executed this Mortgage an the 5th day
<br />of Jan~sar~~ 19s~
<br />,,_~ ~,?~ J1, ,-~'
<br />' +~r f1 ~L~,/ ~r
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<br />STATE OF NEBRASKA, Bali.
<br />County ss:
<br />On this 5th day of Jannary* I,g83 ,before me, the undersigned, a Notary
<br />Public duly commissioned and qualified for said county, personally came dark ~. ~teLk
<br />and ~7anda Lee ~telk to me known to be the identical
<br />persons whose names are subscribed to the foregoing instrument and acknowledged the
<br />execution thereof to be their voluntary act and deed.
<br />i~Al~txtr-i~naMrv ~
<br />iY E. R0~ '' !^''
<br />1Mtir~a~,iiiAi Notary u 1~ "
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