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I ~. ~;~ the ~~uent the praperty, nr any dart thereof, shall be taken by eminent
<br />d~mair, th~~ -~~nrt~agee ~s empowered to ~alle~t anal receive all campens~tiQn which
<br />;na~r °~e paid for ar~y praperty taken Qr for damages ta. praperty not"taken, and Mortgagee
<br />steal 3 a~~l.~ su~;~~ eQmpensation, at- %ts c~~tiara, either to a reduetfion of the indebtedness
<br />secured he~~•ehy ~r tca repair and restore the property sca damaged.
<br />~. Nfartc~age~e may, bit shall taave no oo3igation to da any aet which the Mortgagor
<br />has agreed but fails to aa, and Mortgagee may also do any act it deems necessary to
<br />protect the ~ier~ hereif. ~~lortgaga~^ agrees to repays upon demand,' any sums so expended
<br />by the Martc~agee far the above ~urpases, and any sums so expended by the Plortgagee
<br />shah be added tc, the indebtedness :secured Hereby and becQnte subject to the lien
<br />hereof. i~nrtgag~r~ shall rtiQt incur any personal liability because of anything it
<br />may do ar arni t tc~ da hereunder.
<br />6. l'ir~e is the essence hereQ~, a±~ti upon Mortgagords default in any 4oyenarEt
<br />car agreement: of ~:hi s Mortgage, including covenants to pay when dace the sums secured
<br />by this Martg'age~ the Mortgagee shall be entitled, at its sole option and withQUt
<br />r~oti ce , tc~ d~~cl a~•e all sums secured by this Mortgage tc~ be immedi~teT~ due and
<br />payable and rr~ay rosaerace foreclosure of this Mortgage by",~a~dicial proceedings;
<br />and, pravidEs~'i fu.•ther, that upr~~a such. default the Mortgagee, or a-recuer
<br />appairtted b~~ a cCrurt may at its v~tion and without regard tc~ the. adequacy of the
<br />:....security, el1t.er upon and take possession of the.Praperty and collect .the rents
<br />issues and p~rafi~s therefrom and apply them first to the cast of 'collection and
<br />operation a+~ the Property and then upon the ind~btdness secured: by this Mortgage;
<br />said rent:, issues and profits being assigned to the Mortgagee as further security
<br />for the payrrtent ~>f the indebtedness secured hereby..
<br />7, ~f`~a11 or any part of the praperty is sold or transferred without the express;
<br />written consent of ttte ~drtggee, Mortgagor may at its sole option, deri`are all sums
<br />secured by trti s ~~fiortgage to be irrediately due and payab>e.
<br />8, An;y forebearance in exercising any right or remedy shall not be a waiver thereof.
<br />gR X11 remedYes proV7ded hEerein are d~st~nCt and cutttulat~ve to arty other right
<br />afforded by "law or equity, and may be exercised concurrently, independently or
<br />successively;
<br />~~. '1'he cc~rrenans and agreements contained .herein shall bind, and all rights
<br />inure tc~, ttte respective successors and assigns of the Mortgagor and the Mortgagee.
<br />Il.. ~~`~ covenants and agreements of the Mortgagor and the Mortgagee are joint
<br />and several.
<br />1~. Upa payment ~ al1 sums secured by this Mortgage, Mortgagee shall discharge
<br />I thi<.~ Mortgage ar~o shall execute and deliver a satisfactory release therefor.
<br />~"~
<br />Icl i~ITtdE'SS W~CRdF, t~ertga or has executed this Mortgage on the day
<br />of ~~ace~~~t~er 1.9 .
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<br />gi ck g. burry
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<br />Lain see ~. ~sburn
<br />~iT~'CE OF ~~#E:BRASKA, '~l ~ ' auCt'ty ss'.
<br />~n this ..,~~......_.., day of ~~3e~~E_nber ~,'~ ,befgre me, the undersigned, a ~iatary
<br />r ~.-b11t~ d1~ ~y' ~f?Ti~fi75~ toned and qualified f+~r sa"IC~ craunty, personal °iy came '1 ~~ ~.~. ~lsburn
<br />._M a~x~~ri _3 ~~~ax~~~_ I~C~~4~€~rr~, Y~~u ~oand ~~r~cl wife. to me kno~n to be the identical
<br />per~~ans wnase r~arr~es are s~abs~;riberl to 'the foregoing insttwument and acknowledged the
<br />~'~~.C,~ti~~rt #,hereaf to ~e their' uraluntary act.. and deed. ,, -;
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