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<br />7. Condemnation. In the event the Property, or any part thereof, shall be taken by eminent domain, the Mortgagee
<br />is empowered to collect 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 repalrand mstom the property so damaged,
<br />
<br />8. Perlo_by MOrtgagee, Mortgagee may, but shall have no obligation, to do any act which the Mortgajlor
<br />bas .agt!lled but fallS to do, and MOrtgag!!e may also do any act it deems necessary to protect the lien hereof. Mortgagor
<br />apeel> to repay, UP<'" <te11llllld, any smnsso expended by tbe Mortgagee for the above purposes, and any sums so expended
<br />by tile. Mortgag,eil shall be added to the indebtedness secured hereby and become subject to the lien bereof. Mortgagee
<br />shall not incur any personalliablllty because of anything it may do or omit to do hereunder,
<br />
<br />9. Default; AssigDment of Rents.. Time Is of the essel!C8 bereof, and upon Mortgagor's default In any covenant
<br />or agreement of this Mortgage, including covenants to pay wben due the sums seemed by this Mortgage, the Mortgagee shall
<br />be entitled, at its sole option and without notlce, to declare 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 l't court, may at its option and without regard to the adequacy of the
<br />security, enter upon and take possession of the Property and collect the rents, issues and profits therefrom and apply them
<br />filSt 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 bereby,
<br />
<br />10. Transfer of 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 immediately due
<br />and payable.
<br />
<br />11. 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 wben evidenced by promissory notes
<br />stating that said notes are seeured hereby, At no time shall the principal amount of the indebtedness secured by this
<br />Mortgage, not including sums advanced to protect the security of this Mortgage, exceed the original Note.
<br />
<br />12. Mi8cellaneous Provisions.
<br />
<br />(a) Any fOlebeaIance 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 concurrently, independently or successively,
<br />
<br />(c) The covenants and agreements contained herein shall bind, and the rights inure to, the respective
<br />suceessors and assigns of the Mortgagor and the Mortgagee,
<br />
<br />(dj All covenants and agreements of the Mortgagor are joint and several.
<br />
<br />(e) The beadings of the paragraphs of this Mortgage an> for connnience only and shall not be used to inter.
<br />pret or define the provi$ions hereof,
<br />
<br />13. ReI_. Upon payment of all sums secured by this Mortgage, Mortgagee shall discharge this Mortgage and
<br />shaU execute and deli_ a satisfacto;.')' release therefor,
<br />
<br />IN WITNESS WHEREOF, Mortgagor has executed this Mortgage on the lOt h day of Ha rc h , 19 ~,
<br />
<br />/-1;1 l
<br />(/f~~~~
<br />(J :f~Y Ve jvoqa) ___ _' ~__.---- Bouo.er
<br />. -f:' 1;;:' . ~ 7/)7 7i. . j
<br />,-/{l_>~it..{.<:_<......(1,-// ./.; ,/ c/ --"<";:/-'--{.~{1_..)
<br />{Pat.ricia H. Vejvoda) / Borrower
<br />
<br />State of NtlmIska,
<br />
<br />Hall
<br />
<br />Q>unty &S:
<br />
<br />On this
<br />
<br />10th
<br />
<br />day of
<br />
<br />Harch
<br />
<br />1903 ,before me, the undersigned, a Notary Public
<br />
<br />duly eoDUlliuioDedand qualified for said oounty, Jll'I'IOIWly came J. Garv V" jvoda and Pa t ri c ia M.
<br />
<br />Ve jvoda, husband and wi fe , to me known to be the
<br />identleal peI5OD($) wh_ name(s) are su.boeribed to lhe forecomc i_nt and aeknow\edfed the execution tbereof
<br />
<br />their
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<br />Grand Island, Nebraska
<br />
<br />Wl~ my band and notarial SI!lII at
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