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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 empowered to collectandreceive all compensation which niay he paid for any property taken or for damages to proP!'rty
<br />not taken, and Mortgagee shllll apply such compensation, at its option, either to a reduction of theindehtedness secilred
<br />hereby or torepainind restore the'property so damaged,
<br />
<br />8. Performance by Mortgagee, Mortgagee may, but shall have'noobligation, to do any act which the Mortgagor
<br />has agree<l but fails t9 do, aildMortgageemay also do any act it deems neaes,ary to protect the lien hereof. Mortgagor
<br />agree' to repay, upondemand,any sums so expended by the Mortgagee forthe 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 not'jncurany personal liability because of anything it may do or omit to do hereunder,
<br />
<br />9, nefault; Assignment of Rent". Time is of the essence hereof, and upon Mortgagor's default in any covenant
<br />oragreemi'"t ofthis Mortgage, including covenants to pay when due the sums secured by this Mortgage, the Mortgagee shall
<br />he entitled, at its sole option and without notice, to declare all sums secured hy this Mortgage to he immediately due and
<br />payable and may commence foreclosure of this Mortgage by judicial proceedings; and, provided further, that upon such
<br />defaillt 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 />first 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 />
<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 />
<br />11, Future Advances. Upon request of Mo'tgagor, Mortgagee may make additional and future advances to
<br />Mortgagee, 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 proted the security of this Mortgage, exceed the original Note,
<br />
<br />12, Miscellaneous Provisions.
<br />
<br />(0) Any forehearance in exercising any right or remedy shall not he a waiver thereof.
<br />
<br />(b) All remedies provided herein are distinct and cumulative to any olher right afforded by law or equity,
<br />and may be exercised -~oncurrently 1 indept'ndE'ntly or successively.
<br />
<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 />
<br />(d) AU covenants and agreements of lhe :Mortgagor are joint and ,,'veraL
<br />
<br />(e) The headings of the paragraphs of this Mongage are for conv,'nience only and shall not he used to inter.
<br />pret or define the provisions hereoL
<br />
<br />13. Release. Upon payment of all sums secured by this Mongage, Mortgagee shall discharge this Mortgage and
<br />shall execute and deliver a satisfactory release therefor,
<br />
<br />IN WITNESS WHEREOF, Mortgagor has executed this Mortgag" on the~l~_ day of
<br />
<br />,19~,
<br />
<br />Feb.
<br />
<br />~__"''--Sl'"'''-'''
<br />lARRY McCOIG
<br />_ Mr -- e.a.....1I. 1"
<br />
<br />_~_d~k~
<br />..j,' / /), :T-:-
<br />.-, i' ',17' /71 _,- II;
<br />_ ... t .,:/_'f...,.r:La:.,_ .LL/-'--_ - -<'''/-
<br />Marla M. Kutz
<br />
<br />Borro-wer
<br />
<br />Borrower'
<br />
<br />Stale of Nebraska,
<br />
<br />Hall
<br />
<br />County s.s:
<br />
<br />On this 21st day of ~b~_.__.__,. 19~.., b<>fore me, the undNsigned, a Notary Public
<br />duly commissioned and Qualified for said county. personally ,'alll" ___.1l21~..r..1.1L KU~IID.Q Jar1a M. Kutz.
<br />Husband. and Wife
<br />
<br />..u___...__m_.____._.___., to me known to he the
<br />id(mUcai person(s) whose name(s) are subscrib<>d to the foregoing instrument and acknowledged the execution thereof
<br />
<br />his and her
<br />
<br />voluntary act and deed,
<br />
<br />Witness my hand and notarial seal at __.~_-----...--~d.!.slan-~----- in said county, the
<br />date aforesaid ,
<br />
<br />to he
<br />
<br />My Commission expires: Ji- 'i~ 11 FYI
<br />
<br />----,-dQ -'l/u.- /TJ1 C (.Au A
<br />/ ~~NOWY Public
<br />
<br />(Spa.ce Ik-low Thi$ Line Rekl'\'cd Fvl' L~lld~1: clud R"-,order)
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