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<br />7: Condemnation. Inthe-event We Property, or any part thereof, shall be taken by eminent domain, the Mortgagee
<br />is empowered to coDactand receive all compensation which may be paid for any property taken or for damages to property
<br />hot taken,. and Mortgagee shell 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 />$. Performance by Mortgagee. Mortgagee may, but shall have no obligation, to do any act which the Mortgagor
<br />has agreed but fails 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 expended by the Mortgagee for the above purposes, and any sums so expended
<br />by the'Mortgagee shall be-added to the indebtedness secured hereby and become subject to the lien, hereof. Mortgagee
<br />shall noE incur any persoaai 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 />oragreementof-this Mortgage, including-covenants to-pay when due the sums secured by this Mortgage; the Mortgagee shall
<br />be entitled, at its sole option and without notice, to declare all sums-secured by this Mortgage.to be immediatelydue and
<br />payable:and-may commence foreclosure of this Mortgage by Ndicial 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 collect the rents, issues and profits therefrom and apply them
<br />fitsE to the cost of collection 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 We Mortgagee, Mortgagee may at its sale option, declare sli 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 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 of equity,
<br />and may be exercised concurrently, independently of 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 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 ~~ ~ y`of ,19 ~~.
<br />Plant I~n F nc.
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<br />State of Nebraska, Hall county ~;
<br />aoxroNOr
<br />~ this 23 ,~y of February , 19$3 before me, the undersigned, a Notary Public
<br />dulpcommissionedandquaiified[otsaidcounty,peesoaallycune Ralph B. Pulte. President of
<br />Plant Island, Inc. , to me known to be the
<br />identical person(s) whose name(s). are subscribed to the foregoing instrument and acknowledged the execution thereof
<br />to be his voluntary act and deed.
<br />Witness my hand sad notarial seal at Grand Island NE in said county, the
<br />date aforesaid,
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