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<br />7. Condemnation, In the event the Property; orany 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 cosh compensation, at Eta option, either to a reduction of the~indebtednesa secured -
<br />hereby or-to repair-and restore the property so damaged: - - -
<br />8: Performance by Mortgagee. Mortgagee may, but shall have no obtigaEion, to do any ack which- the Mortgagor
<br />has agreed 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 demand„ any sums so expended by the Mortgagee for tFie above pnrposes,:and-any sums sa expended
<br />by the Mortgagee:shaii be added to the indebtedness secured hereby and become subjeetto,the lien hereof. Mortgagee.
<br />snail not incur any personal liability because of anything it may do or omit to do hereunder..
<br />9: Default; Assignment of Rests. Time is of the essence hereof, and upon Mortgagor's default in any covenant
<br />or agreement of this Mortgage, innluding covenants to pay whendue the sums secured,FSy this-Mortgage; the Mortgagee shag =
<br />be entitled; at its sole option and without notice, to deetare alt sums secured by this Mortgage.to• be immediat¢ly Sue -and
<br />payable and may commence foreclosure of this Mortgage by judicial proceedings; and; provided-further, that upon sue6
<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 take possesion of the Property and col#eet the rents, issues and profits there4om and'sppty. them
<br />Lrst to the. cast of crollection and operation of Lhe Property and then upon the indebtedness secured.by this'MOrlgagee;
<br />said rents, issues and profits being assigned to the Mortgagee as further security for the payment of the indebtedness
<br />secured. hereby. - - - - -
<br />I0. Transfer of Property. If sit or any pan. of the Property is sold or transferred without th@ expresswritten con-
<br />sent of the Mortgagee, Mortgagee may at its sole option,. declare ail sums secured by this Mortgage-to be-immedtately~ due- --
<br />- and payable. - - - - - -- -
<br />11. Future Advances Upon request of Mortgagor, Mortgagee may make additional and-fUkure.advanees t4 .. .: -
<br />Mortgagor. Such advances, vritb intezesk thereon, shat! be secured by this Mortgage whea eridenced by promissory notes .
<br />stating that said notes are secured hereby. At no time shall the principal amount of the indebtedness secured b-~y this- - - _
<br />Mortgage, not including sums advanced to protect the security of this Mortgage, exceed the original Note. - - - - .. ..
<br />12. Miscellaneous Provisions
<br />(aj Any torebearance in exercising any right or remedy shall not be a waiver thereof.
<br />(b) Ali remedies provided herein are distinct and cumulative to any other right afforded by law or equity,- - -
<br />- and may be exercised roncurrently, Independently or successively. - - -
<br />(e} The covenants and agreements contained herein shall bind,. and the rights inure Lo, the respective - - -
<br />successors and assigns of the Mortgagor and the Mortgagee.
<br />(d} All covenants and agreements of the Mortgagor are-joist and several.
<br />(ej 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 />13. Release. Upon payment of atl sums secured by this Mortgage, Mortgagee shall discharge This Mortgage and-
<br />shall execute and deliver a satisfactory release ttleretor.
<br />fId WITNESS WHEREOF, Mortgagor has executed this Mortgage on the ?_ t r~day of January ,19.$x_.
<br />n ,<
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<br />'t Ellie ll ~t15~- i/ ~ nouower
<br />State of Nebraska, v,1' __~_County ss:
<br />Borrower
<br />On this ~i11 h day of ra„ , 19.x3rR_, before me, the undersigned, a Notary Public
<br />duly cammissiosed sad quaiiBed for said county, personally came ?=aett H =ts' _•~•
<br />to me known to be the
<br />identleai person(s) whale Hama{s) ace subscribed to the foregoing instnement and acknowledged the execution thereof
<br />ro be hi ~ voluntary act and dead.
<br />Witness my hold and notanai seal ak Grard Island, NE ~in said county, the
<br />date-aforesaid.
<br />. ~ .__ ~ i ,,,a__.
<br />~ ~IMt~i }
<br />'~ _ ;~otory I'uDlle.
<br />°~--^-^ fSaaet Aglow 't'his S.ina Raservtd For Leader and Recorder) -
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