<br />7. Condemnation. In the event the Property, or any part thereof, shall be taken by eminent domain, the Mortgagee
<br />isempowered to collect and receive all campensation which may be paid for any property taken or for damages to property
<br />not takeB, 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 shad have no obligation, to do any act which the Mortgagor
<br />has agreed-but faits 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 expeaded by the Mortgagee for the above purposes, and any sums so expended
<br />6y the Mortgagee shad be added to the indebtedness secured hereby and become subject to the Tien hereof. Mortgagee
<br />shall not incur any personal liability because of anything it may do or omit to do hereunder.
<br />9: Default; AsagamenC of Rents. Time is of the essence hereof, and upon Mortgagor's default in any covenant
<br />oragreement ofthis Mortgage, including eavenants to pay when due the sums secured by this Mortgage, the Mortgagee shall
<br />6e entitled, at its-sole option and without notice, to declare ail sums secured by this Mortgage.to be immediately due and
<br />payable and may commence foreclosure oP 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 end take possession of the Property and collect the rents, issues and profits therefrom and apply them
<br />titst W the cost of collect5on and operation of the Property and then 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 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 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 torebearance in exercising any right or remedy shall not be a waiver thereof.
<br />(b) Ali 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 shalt 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. Upoa payment of ati sums secured by this Mortgage, Mortgagee shalt discharge this Mortgage and
<br />shall execute and deliver a satisfactory release therefor.
<br />IN WITNESS WHEREOF, Mortgagor has executed this Mortgage on the.1_ day of Fehr„a rv ,19 ~_.
<br />:Sarcus C. Roulan aouower~
<br />~ - -'~ `.
<br />{t;ickie L. Rowland) Bormwer
<br />State of Nebraska, Ilal ~ County ss:
<br />On this 7th day of February ~ 19 83, before me, the undersigned, a Notary Public
<br />duly commissioned and qualified for said county, personally came siarcus C . Rowland and Vickie L .
<br />Rowland to me known to be the
<br />identacal pen:on{s) whose name(s) are subscribed to the foregoing instrument and acknowledged the execution thereof
<br />W be thej r voluntary act and deed.
<br />Witness my head and notarial seal at Craad Tal'rtd_, Nebraska in said county, the
<br />date aforesaid.
<br />MY Gommisrdoa aspires:
<br />~~Wra Notary Pubtto
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<br /> taW¢e Blow lhia I.tm Re~ervad Far I.endu and Recorder)
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