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7. Condemnation. In We event We Property, or any part thereof, shall be taken by eminent domain, the Mortgagee
<br />is empowered to collect and receive alI compensation which may be paid for any property taken or for damages to property
<br />ant taken, and Mortgagee shall apply such compensation, at its option, either to a reduction of the indebtedness secured
<br />hereby of to repair ahd restore the property so damaged.
<br />S: Performance by Mortgagee- Mortgagee may, but shall have no obligation, to do any act which the Mortgagor
<br />has. agreed but fans to do;-and Mortgagee may also do any net it deems necessary to protect the lien hereof. Mortgagor
<br />agrees- to repay, upoh demand, any sums so expended by the Mortgagee Por the above purposes, and any sums so expended
<br />by the Mortgagee shad be added to the indebtedness secured hereby and become subject to the lien hereof. Mortgagce
<br />shall -not incur any pen;onal 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, induding covenants to-pay when due the sums secured by this Mortgage, the Mortgagee shah
<br />be entitled; at its sole option and without notice, to dedare ati sums secured by this Mortgage.to be immediately due and
<br />payable and may commence foredosure 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 collectthe rents, is~tes and profits therefiiomand apply them
<br />5rst to the-cost of collection and operation of the Property and then upon the indebtedness secured by this Mortgagee;
<br />said Tents, issues and profits being assigned to the Mortgagee as flrrther security for the payment of the indebtedness
<br />secured hereby.
<br />lU. Transfer o[ 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 alt 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 fire indebtedness secured jrp this
<br />Mortgage, not induding-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) Ail remedies provided herein are distinct and cumulative to any other right afforded by law or equity,
<br />and may be exercised roncurrently, independently or suecessiveiy.
<br />(e) 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 Mortgage, 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 ~6_ day of Tan ,19.83_.
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<br />(BBtty 3~ "3Yss) no;rower•
<br />State of Nebraska, x811
<br />ss:
<br />Boaower
<br />On this 26th day of ~nuary 19~~, before me, the undersigned, a Notary Public
<br />duty commissioned and qualified for said county, personally came Ret ty J . Moss
<br />to me known to be the
<br />tdeatital _penaa{s) whose name{s) are subscribed to the foregoing instrument and acknowledged the execution thereof
<br />~ be her voluntary act and deed.
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<br />Wjtn~s my hand and notarial-seal at Grand 15 land ~F ~in 'd county, the
<br />date afvrasaid.
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