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<br />7. CondemnatioD. In the event the Property, or any part thereof, shall be taken by eminent domain, the Mortgagee
<br />is empowered toeallect 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 the indebtedness secured
<br />hereby or to repair and restore. the property so damaged,
<br />
<br />8; Performance hy Mortgagee. Mortgagee may, but shall have no obligation, to do any act which the Mortg&j!or
<br />has 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 sums so expended by the Mortgagee for the above purposes, and any sums so expended
<br />by the Mortgagee shall be added to the indebtedness secured hereby and become subject to the lien bereof. Mortgagee
<br />shall not incur any personal liabillty because of anything it may do or omit to do hereunder,
<br />
<br />9. Default; Asiignment of Rents. Time is of the essence hereof, and upon Mortgagor's default in any covenant
<br />or agreement oUhis Mortgage, including covenants to pay when due the sums secured by this Mortgage, the Mortgagee shall
<br />be entitled, atits sole option and without notice, to declan! all sums secured 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 />secutlty, enter upon and take possession of the Property and collect the rents, issues and profits tberefrom 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 security for the payment of the indebtedness
<br />secured hereby,
<br />
<br />10. Transfer of Property. If all or any part of the Property is sold or transferred without the express written cou-
<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 />1 L Future Advances. Upon request of Mortgagor. Mortgagee may make additional and future advances to
<br />Mortgagor, Such advances, with interest thereon, shall be secured by this Mortgage when evidenced by promissory notes
<br />stating that said notes are secured hereby, At no time shall the principal amount of the indebtedness secured by this
<br />Mortgage, not including sums advanced to protf'ct the security of this Mortgage, exceed the original Note,
<br />
<br />12, Miseellaneous Provisions.
<br />
<br />(a) Any forebearanee 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 afforded by law or equity,
<br />and may be exercised eoncurrently, independently or successively,
<br />
<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 />
<br />(d) All covenants and agreements of the Mortgagor an! joint and several,
<br />
<br />(e) The headings of the paragraphs of this Mortgage are for convenience only and shall not be used to inter-
<br />pret or define the provisions hereof,
<br />
<br />13. Release, Upon payment of all SUMS secured by this Mort<<ace. Mortgagee shall discharge this Mortgage and
<br />shall execute and deliver a satisfactory release therefor,
<br />
<br />IN WITNESS WHEREOF, Mortgagor has executed thjB'M~~~e -9-- da~of )01" rf' h
<br />
<br />,19.1iL.
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<br />(Petet:.J _ L~edng)
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<br />Bouower
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<br />State of Nebnsb,
<br />
<br />Hall
<br />
<br />(Arletaa J. Levering)
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<br />8orrowtll'
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<br />On this
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<br />9th day of
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<br />March
<br />
<br />19 -1il., before me, the undersigned, a NotaO\!'ublic
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<br />duly CODIlIIissiooed and qualified for said eounty,l"'rsoo.uy came Peter J. Levering and Arletl'a J.
<br />
<br />Levering . to me known to be the
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<br />Wlmess my band and notarial seal at
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<br />Grant.!
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<br />My ('''''''~ expiles:
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<br />JON f. WEllS
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