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7: Condemnation. In the event the Property; or any part thereof, shalt. be taken by eminent domain, the Mortgagee
<br />is empowered to ixtillect and;eceive all compensation which may 6e paid for any pmperty taken or for damages to property
<br />not takes, and Mdrtgagee.shaU-apply such compensation, at tts option; either to a reduction of the indebtedness secured
<br />hereby ar to repair and restore the.prol~Y sa damaged.
<br />ti Performance by Mortgagee. Mortgagee may, but shall -have no obtigakon, to do anyact which the Mortgajtor
<br />has agreed -hut Pails to do, and Mortgagee may. also do any act it deems necessary to protect the-.lieu hereof. Mortgagor .
<br />agrees, to repay, upon demand, any sums so expended by the. Mortgagee for the above purposes; and any sumo so expended; '
<br />by-the Mtrtgagee shall be added to the indebtedness secured hereby and become_subjeet to the lien, hereof:-Mortgagee
<br />shalt not incur any personal liability because of.anything it may do or omit to do hereunder.
<br />9, fiefault; A~ignmont of Rents. 15me is of the essence hereof, and upon Mortgagor's default 3a-,any covenant
<br />oragreement of this Mortgage; including covenants to pay when due the sums secured liy this' Mortgage; the Mortgagee shall -
<br />be entitled;. at-ifs-sole option and withont notice, to declare atI sums secured tiy_ thi3 Mottgage.to be immediately-dtie apd
<br />payable and may commence torecjosure of this Mortgage by judicial proceedings; and; provided further; that uponsuch
<br />detautt the Mortgagee, or a receiver appointed by a court, may at.its option and'without regard to the adequacy ofthe
<br />security, enter upon and take possessianof the Pmperty and collect the rents, issues and profits theie[rom ahd applytham.
<br />&rst to the cost o€ colleciion and operation of the Property and then upon the indebtedne~ sacared by>tliis`Moatgagee;
<br />said rents, issues and profits being assigned to the Mortgagee as further security for the.paymertt of-the indebtedness
<br />secured herehy._
<br />10. Transfer of Roperty. it all or any part of the Property is sold or transferred without the express written cony
<br />scut of the Mortgagee, lvlortgagee may at its sole option; declare all sums secured by-this Moitgage to-be.immedlately due
<br />and payable.
<br />II_ Puturr Advances: Upon request of Mortgagor, Mortgagee may make additional and' future advenoes tb` `
<br />Mortgagor. Such advances, with interest thereon, shall be secured by this Mortgage when evidenced by promissory ni~tes
<br />stating that said notes are secured hereby. At no time shall the principal amount of-the indebtedness secured-by this'_-- '
<br />- ~ Mortgage, not indading sums advanced to tlrotect the security of this Mortgage, exceed the original Note: - - - - - ~-
<br />12. MisceUaneousProvisiotta
<br />- {a) Any forebearance in exercising any tight or remedy shall not be a waiver thereof. _ -
<br />{b} Ail remedies provided herein ere distinct and cumuiatlve to-any other right afforded by law or equity",
<br />and may-be exercised -ronettrrently, independentty or successively. - - - - - - ~ -
<br />{c} The covenants and agreements contained herein shall bind, and ihe. 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 t.. ,urea
<br />pret or datine the provtsiorrs hereof.
<br />13. Aetease, L'pon payment of all sutos secured by thin Mortgage. Mortgagee shalt discharge this Mortgage and.
<br />shall execute and defivcr a satbfaMory release therefor.
<br />IN WITNESS teflEHEOF, Mortgagor has executed this Mortgage on the ~hday of Dxariber , 19
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<br />- t ~~ ~~''.' A ~ ~ ~ f j 4 Sozrow~
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<br />State of Nebraska, tia1l .~-------.County ss:
<br />t?rr this 3Qtja day. of L>ecrr ~ l9$3~, before me, the undersigned, a Nolazy Public.
<br />duly ocmmiaioned and qualified far said county, personally came ~~ L. Skow and- Shir2ev A9. Skcnv,
<br />Ibttnd Ind tVif~ _ _ _., to me known to be the
<br />ideatieal persou(sj whale name(s)' are subscribed fa Use foregoing instrument and acknowledged-the execution thereof
<br />~ ~ his alai 8er voturttary act and deed.
<br />NTttrt®ss m hand-and no ' 1 seal a Graftd I~larid Nt:lyr€tska in said county, the
<br />dateaforessid. _ gillAM~MgM!tr.luaitMiatY
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