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<br />7. Condemwtion. In the event the Property, orany part thereof, shall be taken by eminent domain,the Mortgagee
<br />is empowered to rntiect and receive all compensation which-may be paid for any property taken or for damages to property
<br />not taken, and Mortgagee shall apply such compensation, at its option, either to a reduction Of 6he indebtedness secured
<br />hereby or to repair and restore the' property so damaged.
<br />8. Performance Iry 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 necessaryto prokect the.lien hereof. Mortgagor
<br />agrees to repay, span demand, any sums so expended by the. Mortgagee forthe above purposes, and any sums so expended ,
<br />by the Mortgagee shall- 6e added to the indebtedness secured hereby and become subject to the lien hereof. Mortgagee .
<br />shall hot hrcar nap penonaf liability because of anything it may do or omit to do hereunder.
<br />9. Ilefault; Aseignmeat of Rants. Time is of the essence hereof, and upon Mortgagor's default 3n anyeovenant
<br />or agreementof thin lvfortgage, including covenants to pay when due ttie sums secured by this Mortgage; the lVIortgageestiall
<br />bs enNtted, at its sole-option and without notiee, to declare a!i sums secured by this Mortgageto be immediately: dne and
<br />payable and may commence foreclosure of Lhis Mortgage by judicial proceedings; and, provided turttier, that upoh.such'
<br />. default the- Mortgagee, or s receiver appointed by a court, may at its option and without regard to the' adequacy, ofthe
<br />security, enter upon and take possession of the-Property and collect the rents, issues and profits therefrom and appjy'them- - '
<br />fast ta.the cost otcoilection and operation of the Property and Then upon-the indebtedness-secured by this I+4ortgagee; _
<br />said rents,-issues and profits being assigned to the Mortgageeas_further.security forthe.paymeat---otthe indebtedness ,-
<br />secured hereby.
<br />10. Transfer at 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 inunediately due -
<br />and payable.
<br />11. Future Advances. Upon request of Mortgagor, Moztgagee may make additional and future°advances to
<br />Mortgagor. Such advances, witk interest thereon, shalt be secured by this Mortgage whett evidenced bypromissorynotes
<br />stating that said-notes are secured hereby. At no time shall the principal amount of the indebtedness-seciued b`ythis
<br />Mortgage, not including sums advanced to protect the security of this Mortgage, exceed the ori~nal Note: - - _ - - -
<br />12. Misce}laneous Provisions.
<br />' (a) Any forebearance in exercising any right or remedy shalt not be a waive[ thereof. - ~ - -
<br />(b) A!I remedies provided herein are distinct and cumulative to any other right afforded bylaw or equity,-- -
<br />and may be exercised concurrently, independently or successively.
<br />(c) The covenants and agreements contained herein shall bind, and the rights inure to, the respective; - - - -
<br />successors and assigns of Ehe Mortgagor and the Mortgagee. - - -
<br />(d) All covenants and agreements of the Mortgagor are joint and several,
<br />(e) The heading of the paragraphs of this Mortgage are for convenience only and shall not beused-to h.tar-
<br />prat or define the provisions hereof.
<br />13. Release. Upon payment of alt sums secured by this Mortgage, Mortgagee shall discharge this Mortgage and
<br />shell execute and deliver a satisfsctary release therefor.
<br />IN WITNESS WHEREOF, Mortgagor has executed this Mortgage on the~Nr h day of _Dt ^pmhar , 1313.3._.
<br />-i
<br />.f •:'~ 1 %
<br />Eoirower
<br />aoaower
<br />State of Nebraska, Ha i L- County ss:
<br />On this 30th day of December 19_$x, before me, the undersigned, a Notary Public
<br />duly commissioned and qualified for said county, personally came David W . S full and Norma C .
<br />Stu11 __, to me known to be the
<br />identical person(s) whose name{s) are subscribed to the foregoing instrument and acknowledged the execut[on thereof
<br />-. to be their voluntary act and deed.
<br />Witness my hand and notarial seal at Grand Island , Nebraska in said county, the
<br />dateatoresaid. ~ig~R~~«~~
<br />My Commission expires: Y. iitTJfA1fEY ~ _ in'1 ~ , r ' ~
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