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<br />7, Condemnation. In the event the Prope,ty, or any part thereof, shall he taken by eminent domain, the Mortgagee
<br />is empowered to collect and receive all compensation which may be paid for any p'operty taken or for damages to proPJ!rty
<br />not taken,.and Mortgagee shall apply such compensation, at its option, either to a reduction of the indebtedness secured
<br />hereby or to. repair and restore the property so damaged,
<br />
<br />8, Performance by Mortgagee, Mortgagee may, but shall have no ohligation, to do any act which the Mortgagor
<br />bas. agreed but falls to do, and Mortgagee may also do any act it deems necessary to protect the lien hereof, Mortgagor
<br />agrees to :repay,upon demand, any sumssnexpended by the Mortgagee for the above purposes, and any sums so expended
<br />by:th<fMOrtgllgee shall be added to: the indebtedness secured hereny and become subject to the lien hereof. Mortgagee
<br />shall'not incur any personal liability because of anything it may do or omit to do hereunder,
<br />
<br />9, Default; Assignment.of Rents. Time is of the essence hereof, and upon Mortgagor's default in.any covenant
<br />orageement of this Mortgage, including covenants to pay whe,!. due the sums secured by this Mortgage, the Mortgagee shall
<br />be entiUed, at its. sole option and without notice, to declare ail sl1ms secl1red by this Mortgage to be immediately due and
<br />payable and may commence foreclosure of this Mortgage by judicial proceedings; and, provided further, that upon such
<br />default 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 lake 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 secl1rity for the payment of the indebtedness
<br />secured hereby.
<br />
<br />16, Transfer of Property, If all or any part of the Property is soid 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 />ll, Future. AdvaJl(:-es. Upon "'qu"st of Mortgagor, Mortgagee may make additional and future advances to
<br />Mortgagee, Such advances, witb interest thereon, shall be secumd by this Mortgage when evidenced by promissory notes
<br />slating that said notes are secOl'ed hereby_At no time shall the principal amount of the indebtedness secured by this
<br />Mortgage, not including sums advaoced to prot{>(:l the secu,ity of this Mortgage, exceed the original Note,
<br />
<br />12, Miscellaneous Provisions.
<br />
<br />(a) Any r-orebeara.n(~ in ex.ercIsing any right or Tt'ffii'dy shaH not bt, a waiver thereof.
<br />
<br />(b) All remedies provided herein a.... disllnct and cumulative to any olher right afforded by law or equity,
<br />and may be f'xercised ~oncurrently. jndepend~nUy or SUCCi'ssIVply_
<br />
<br />(c) The covenants and agreements enntained Ill'rein shall bind, and the rights inure to, the respective
<br />successors and asslgns of tht> Mortgagor and tht' MlJrtgagf't'.
<br />
<br />(d) AU covenants and agret'ments of thi! Mortgagor art' !Olnt and Si'vera!.
<br />
<br />(e) The headings of the paragraphs of this MOT4!agt. arlO' for ('onVt'l1Ienct' only and shall not be used to inter-
<br />pret or define the provisions hert.'(jf.
<br />
<br />13. Release. Upon payment of aU sums St,t'uTt'd hy lhl;;: ~lortgagt>. ;\lorlga~t.t. "hail dis('harge this Mortgage and
<br />shall execute and deliver a satisfactory -release th~re for.
<br />
<br />IN WITNESS WHEREOF, Mortgagor has executM lhl> MOrl2agc Oil IhP;;Z1.Qtl\:I' v ot ,March. _. .19[L,
<br />
<br />
<br /># --r:J '" /, .Ll /t7
<br />J;Uuoruy-Sl..."_- ~"..-kJ -.k:~ -~ ., , t..: <--'
<br />LAARV McCOIG Richard J." St ' e Borrow."
<br />_-_AId' _
<br />...JLI,-L~~~<"-
<br />Helen K. Strehle Borrowe,
<br />
<br />Slate of Nebraska, ___I!l!Jl...
<br />
<br />_. COUtllY '>.s
<br />
<br />On this 10th _day of ______ ,~___ ,19~" h,'fo", me,thc undersigned, a Notary Public
<br />
<br />dilly commissioned and Qualified for said countv, pt'r,;ollallv ,'a me ,_.Rj.~. J ,_::>1rnhl,e__@J;L_____
<br />
<br />Helen K. Strehle, Husband and Wif~.._._ _m_______________, to me known to be the
<br />identical person(sl whose name(s) ...... suboicnb<'d 10 lhe for~gQtng lUslrument and acknowledged the execution thereof
<br />
<br />I<> be. his and her .. voluntary act and d...d,
<br />
<br />W1m. my hand and notarial seal at _~~g~1!md _m__....____________ in said county, the
<br />date aforesaid.
<br />
<br />My Commission expires;
<br />11-6-lct~1
<br />
<br />____,_;;;aJ'v~.. /1rJ .~~_..__
<br />" Not.u:y Publk
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