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<br />7. Condemnation. In the event the Property, or any part thereof, shall be taken by eminent domain, the Mortgagee
<br />is empowered.to "eatleet and mceive-ail compensation which may he paid for any property taken or for damages to property
<br />not taken, and Mortgagee shall apply sash compensation, at its option, either to a reduction of the indebtedness secured
<br />hereby or to repair nail restore the property so damaged:
<br />S. Perfss'manee by Mortgagee. Mortgagee may, but shalt have no obligation, to do any act which- the Mortgagor
<br />ties agreed but fails to.dd,;and Mortgagee may.aTao do any ad Tt deems necessary to protect the lien hereof. Mortgagor
<br />egress: to repay; npon demand; any sums so expended by the Mortgagee for-the above purposes, and any sums so expended
<br />by the 14fnrtga8a?-shall be added to:the indebtedaess'seeured hereby and-bectrme subject to-the lien-hereof. Mortgagee
<br />shall not incur any persona} liability because of anything #t may do or omit to do hereunder.
<br />9, Default; Assignment of Vents. Time is of the essence hereof, and upon Mortgagor's default in any covenant
<br />or agmemept of this Mortgage; including copeitants Lo pay vrhen due the sums secared 6y thts Mortgage, the Mortgagee shall
<br />be. entitled, at its sale option-and without notice, to declare all cams 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 />detseilt the Mortgages, or a receiver appointed by a court, may at its option and without regard to the adequacy of the
<br />secnrjty, enter upon-and take possession of the Property and collect the rents, issues and profits therefrom and apply them
<br />5ist to'the caet of eatleetion-and operation of the Property and then upon the indebtedness secured bythis Mortgagee;
<br />said rents, issaes' and profits being asigned to the Mortgagee as firrther security for the payment of the indebtedness
<br />secareil hereby.
<br />1Q: Transfer of Property. If nit or any part of the Property is sold or transferred without the exprea4 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 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 />Mort~ge, not including sums advanced to protect the security of this Mortgage, exceed the original Note.
<br />12 Miscellaneous Provisions.
<br />(a} Any torebearance 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 taw or equity,
<br />and may be exercised contvrrently, independently or successively.
<br />(c) The covenants and agreements contained herein shall bind, and the rights inure to, the respective
<br />succesors and assigns of the Mortgagor cad the Mortgagee.
<br />(d} AU covenants and agreements of the Mortgagor sre joint and several.
<br />(e) The headings at the paragraphs of this Mortgage are for convenience only and shill not be used to inter
<br />prat or define the provisions hereof.
<br />13. Release. Upon payment of alt sums secured by Wis Mortgage, Mortgagee shall discharge this Mortgage and
<br />shall execute and deliver a satisfactmy release therefor.
<br />IN WITNESS WHEREOF, Mortgagor has executed this Mor~ge on the ~_ day of January ,19.x.
<br />State of Nebrsaka,
<br /> Oa thus 5th day oC January 19 83 ,before me, the undersigned, a Notary Public
<br /> dulycpmmi~ionedandquallfisdfo7saidcountY+lrarsorrdtYcams t±irhard T. C;PiSr rind P.udol F.
<br /> Plate , to me known to be the
<br /> idegticrd person(s) whose name(s) are subs~xibed to the taregoing instrument and acknowledged the execution thereof
<br /> to be ~~ voluntary act and deed.
<br /> Witt my handsutd notarial seal at Grand Island, Nebraska in said county, the
<br /> date aforesaid.
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