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T. Condemnation. In. the event the Property, or any.part thereof, shall be taken by eminent domain, the Mortgagee
<br />is empowered to rnliect sad receive all compensation which maybe. paid for any property taken or for damages to-property
<br />not Wean, and Mortgagee shalt apply such compensation, at ite option, either to a reduction of the indebtedness secured';
<br />lierebp or to repairand restore the property so damaged.
<br />8. Per[ormance bq Mortgagee. Mortgagee may, but shall .have no obligation, to do-any act which the Mortgagor
<br />has agrexd'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 deufand, any sums so expehded by-the Mortgagee for the aliove purposes; and any-sums sp,espended _
<br />by-the Mottgagee shelf be added: to the indebtedness seduced hereby and .become subject to the lien hereof. Mortgagee
<br />shalt-not incur any personal IiabIIity because of anything it may do or omit to do hereunder.
<br />9_ f~fault; Amiganmentof a.errts. Time is of -the essence-heredt, and upon Mortgagor'adefault3n any covenant
<br />oragreemeat of this Mortgage,ineludirig covenants to-Pay when dne the some secured'by this Mortgage,'the+Mortgagee sii611
<br />be' entitled; at its sdte option and vrithout ponce, to declare all sums secured by this Mortgage-.to be immediately line and
<br />payable aad may-commence foreclosure of this Mortgage by judicial proceedings; end; pmWdid further; LhaCUpomauch
<br />detaait file Mortgagee; or a;receiver appointed by a court, may, at its option and;without:re~d to the=sdegnacy-oL the
<br />security, enter-upon and take possession of the Property and.collectthe rents, Issues and profits therefrom-:and apply them
<br />Cr[at to the cost oGcopectioa-and operation of the Property and then upon the indebtedness secured 6y;thisMortgagee;
<br />- said-. rents, issues sad profits being assigned to the Mortgagee, as further security for We payment of the- indebtedness -
<br />secured hereby.
<br />10. '14ansfet of Property. If all or anp part of the Property is sold or transferred without the express.vmtten con-
<br />- sent of the Mortgagee, Mortgagee may at its sole option, declare all sums secured by this Mortgage to be nunedlately 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, shah be secured by this Mortgage when: evidenced by proarissorynotea
<br />stating that said notes are secured hereby. At no-time shall the. prinaipai amount of the indebtedness secured 6y this
<br />Mort~ge, not including sums advanced to protect the security of this Mortgage, exceedYhe original, Note::
<br />12_ Miscoilaaeous Previsions..
<br />{a) Any forebearance 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 bylaw or equity;
<br />and may be exercised roneurrentiy, 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 the Mortgagor and the Mortgagee.
<br />(d) All covenants and agreements of the Mortgagor are joint and several.
<br />(e) The headings o[ the paragraphs of t63s Mortgage are !or convenience only and shall not be-used to inter-
<br />- pret or deAm the provtsions hereof.
<br />1S. Release. ltpon payment oC alt sums secured by this Mortgage, Mortgagee shall discharge this K "~^age and
<br />shall:execute and deliver a satisfactory release there€or-
<br />W VIITNFSS iVIiEREOF, Mortgagor has executed this Mortgage on thefith .day of January- lg 84
<br />J - ~L '-r~tc-
<br />(Lester L. Cowell) -t Soarowei;=- -
<br />t -~ l f{~ lit.-~.! /`~rf =~r°~'t (' - -
<br />(Barbara A. Gowe 11) norroaer
<br />State of Nebraska, Hall County ss:
<br />(ln this 6th day of .7~nuary 19~~, before me, the undenlgned, a Notary Publlc
<br />dulycommiasionedandquslifiedforsaidcounty,personallycame Lester L. Gowen and Barbara A.
<br />Gowe11 , to me knows to be the
<br />ideaticai persoo{s} whose Hama{s} are subscribed to the Poregoiag instntment and acknowledged the. execution thereof
<br />- ~, be the i t', voluntary set and deed.
<br />Witamsmyhaadandnotarialaealat Grand Island, Nebraska iasaidcoonty,the
<br />d:te atonesjdd .
<br />~, ~M4kkMMR-iMSifllriuda. ~
<br />\ My Cammissianexpire~ 11~MIt0.QiEl1C ~ f ~ [~ ,~(. ~~ .~~~"r t,,
<br />+~ ~~~'~ ~ I' I~ Notary Public
<br />y { i-~P~ _
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