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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 empowereii to coliectiuid receive all co,,,pensation which may be paid'-tor any property taken or for damages to property
<br />not taken; and Mortgagee shah apply such- compensation; at its- option, either to a reduction of the indebtedness secured
<br />hereby or to repair and restore the property so dsmaged•
<br />_ S,.Performanee by Mortgagee:-Mortgagee may, but shall Gave no obligation, to do-any net which the Mortgajtor,
<br />- bas.agreed buY fails to do,--and'-Mortgagee-may also do nay-act itdeems necessary to protect the-lien hereof; Mortgagor
<br />agrece to repay, upon demand,;anysums scr expended by tbe'Mortgagee"for the above purposes, and any-sums so expended
<br />by: the .Mortgagee shall be added to the indebtednces secured hereby and become subject. to the lien hereof.- Mortgagee "
<br />s6atl not incur any personal liability because of anything it may do or omit to do hereunder.
<br />9.' Default; Assignment at Rent's.- Tnre is of-the essence- hereof; and-upon Mortgagor's default in any covenant
<br />or agreement of this Mortgage, inclading covenants to ~y when due the sums secured by this Mortgage;"tae Mortgagee shall
<br />be "entitled," at its -sole option and without-notices to declare at2 sums secured by this Mortgage .to be immediately$ue and' -
<br />payalik snd.may commence foreclosure of tills Mortgage by judicial proceedings; and, provided tttrther, that upon such
<br />default the-Mortgagee; ore receiver appointed 6y a chart, may at its option-and without regard to the sderjuacy of the
<br />security, enter upon and take possession of the Property and coAect the cents, issues and profits therefrom and apply them
<br />Gist to the -cost of collection and operation of ttte Property-and Lhen upon the indebtedness secured by this 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-expreaswritten 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. Fnttrte Advances. Upon request of Mortgagor, Mortgagee may make ndditional 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 forebeanmce 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 concurrently, 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 covenaots and agreements of the Mortgagor are joint sad several.
<br />(e) The headings of the paragraphs of this Mortgage arc for convenience oNy and shall not be used to inter
<br />pret or define the provisions hereof_
<br />13. Release. Ugon payment of all sums secured by this Mortgage, Mortgagee shall discharge-this Mortgage and
<br />shall ezecute and deliver a satisfactory release therefor,
<br />IN WITNESS WHEREOF, Mortgagor hes executed this Mortgage on the14~ day of F'~~~' ,19 $~ .
<br />"~
<br />rt Jansen ancrower
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<br />,~.~:t~~tT__T-~~.~-cc. ,LLB
<br />~ita A. Hansen aoQO.er
<br />State of Nebraska, ai3?? _ County ss:
<br /> On this 14th day of Februarv . 19~, before me, the undersigned, a Notary Public
<br /> dulycommigsionad and qualefied for said county, personally came Robert D. Hansen and Anita A. Hansen,
<br /> Husband and Wife , to me known to be the
<br /> ~dentical,pe~son{a) whose wme(s} are subscribed Lo the foregoing instrument and acknowledged the execution thereof
<br /> W be . his and hex volantary act and deed.
<br /> WitRege my hand"and notariad seal at Grand Island, Nebraska in said county, the
<br /> date aforesaid:
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