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<br />7.. Condemnation. In the event !he Property ,orany part thereof, shall be taken by eminent (\Oltlain, the Mortgagee
<br />lsempowered to eoIleetand reeeivuU eolllpensation wllich may be paid for any property taken or fo~ ~ to property
<br />not taken; and Mortgageesball..appIy such compensation, at its option, either to a reduction of the indebtedness secured
<br />~byortorepalr:and restore the property so damaged.
<br />
<br />8'l'erf~byMo~. Mortgagee may, but shall have no obligation, to do any act ...bich the Mortgaaor
<br />has~QutfaiJstodo;andM~mayalsodoany l\Ct it deems necessary to protect the lien heleof. Mortgagor
<br />~toJ;epay, UPl!J1demand.any sums so. expended by the Mortgagee for the above purposes, and U1Y sums SO expended
<br />. by!he:r.lO~shaUbe. added to the indebtedness secured hereby and become subject to the Iiel\bereof. Mortgagee
<br />Shallnotincurany.persODaIlij\billtybecause of anything it may do Ol'omit to do hereunder.
<br />
<br />9. Defilult; Assipment of Rents. Time is of the essence hereof, and upon Mortgagor's detault In any covenant
<br />or~ment of this Mortgage, including covenants to pay when due the sums secured by this M~.theMortgagee shall
<br />be entitled; at its sole option and Without notice, to.declare all sums secured by this Mortgagecto be iJlInlediately due and .
<br />paYabJeandmaycommence foreclosure of.this Mortgage by judicial proceedings; and, provided fllttber, that upon such
<br />default the Mortgagee, or a receiver appointed by a .court, may at its option and. without regard tCltbe adequacy .ofthe
<br />seCUrIty, enter upon and take possession of the Property and collect the rents, issues and profltsthe~f1omaBdapplythem
<br />first to the cost of collection and operation of the Property and then upon the indebtedness~ by this Mortgagee;
<br />said rents, issues and profits being assigned to the Mortgagee as further security for the payment ClftheindebtedneS&
<br />secured hereby.
<br />
<br />10. Transfer of Property, If all or any part of the Property is sold or tnnsferred without the e"lJltiS written !'OIl-
<br />$ent 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 Mortgagor, M~ may make additional and rutuIeadvancesto
<br />Mortgagor; Such advances, with interest thereon, shall be secured by this Mortgage when evidenced, by protnlSsorynotes
<br />stating that said notes are secured hereby, At no time shall the principal amount of the indebte6l\ess secured bY this
<br />Mortgage, not including sums advanced to protect the security of this Mortgage, exceed !he original ~ote.
<br />
<br />12, Miscellaneous Provisiona.
<br />
<br /><a) AIly forebeuance in exercising any right or remedy shall not be a waiver thereof.
<br />
<br />(b) All remedies provided herein are distinct and cumulative to any other right affofllBd by law 01" equity,
<br />and may be exercised concunently, independently or successively.
<br />
<br />(cj The covenants and agreements contained herein sbalI bind, and the rights inllt'l to, the lllSpecti'le
<br />SUcce5S0rs and assigns of the Mortgagor and the Mortgagee.
<br />
<br />(d) An covenants and agreements of the Mortgagor are joint and several.
<br />
<br />(e j The headings of the paragraphs of this Mortgage are for convenIence ouly and shall not be used to intez.
<br />pret or define the provisions hereof.
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<br />13. Release. Upon payment of all sums secured by this Mortgage, Mortgagee shaJI ~ this Mortgage and
<br />shall execute and deliver a satisfactoi'Y release therefOl'.
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<br />IN WITNESS WHEREOF, Mortgagor has executed this Mortgage on the 8th day of~, 19~.
<br />
<br />
<br />~ of Nebraska,
<br />
<br />Hall
<br />
<br />
<br />--
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<br />_.....
<br />
<br />On this 8th day of March 19~, before me. the unde~~.a Notary Public
<br />
<br />dulyeommissionedandqualifledfOl'saideounty,personallyeame Trinidad J, Aguilar al)d Bonnie Jean
<br />
<br />Aj1;ui!ar, Husband and Wife , to lIIe tnoWll to be the
<br />identical. persoIl(s} whose IWIIIl(S} are sub5cribed to the foreaolnt instrument and acknowledged t1Je execution thereof
<br />
<br />the ir
<br />
<br />valuntary act and deed,
<br />
<br />Witness my hand and notarial_at Grand Island, Nebraska
<br />_~d.
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