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<br />7. Condemnation: Tn the event the Property; o;-any-part thereof, shall be taken by eminent domain; the Mortgagee
<br />isempowered to collect sad receive all. eomgensation which may be. paid. for any property taken or for datnages to property
<br />not taken; and Mortgagee shad apply such compensation, at its option, either to a reduction of the indebtedness secured
<br />hereby or to repair and restoreXhe property so damaged::
<br />$. Perfgrmance by Mortgagee: trlortgagee may, but shall have no obligation, to downy set which the Mortgagor
<br />has..agreed !)ut.fatls to do;and Mortgagee may also do any act It deeau necrasary to protect-the lien 6emof, Mort~go;
<br />agrees ta,repay; upon demand, any ,sums so expended by the Mortgagee for the above'pargoses, and any sttms so expended
<br />bq the' Mortgagee shall 'be added. to the:indebtedness secured. berebyand become subject.to-the Hen hereof. Mortgagee
<br />sfialC-not incur anp personal liability because of anything if-may dq of omit to do hereunder.
<br />9: Default; Assigr)menb of Rents: Time is of the; essence hereof, and upon' Mortgagor's default in any covsrwrtt
<br />or agreement of this Mortgage; including covenants to pay when.due the sums secnred`by this Mortgage; the Mortgagee sjia0
<br />be entitled, at its sore option snd without notice; to declare ell sums secured by-this Mortgage to be jmmediately due sbd
<br />payable and may commence foreclosure of this Mortgage by Judicial proceedings; and; prov{ded bather; that upon siteh, -
<br />de€ault the Mortgagee, or a receiver appoinrzd by a court may at its option and without regard to. rho adequacy of the
<br />security, enter upon and take possession of the Property and collect the rents; issaes and. profits theretrom:and applythem -
<br />foal. to the.; cwt of collection and operation of the Property-and Lhen upon the indebtedness secured-by thiaMortgagee; . '- . '
<br />said- :rents, issues and: profits being assigned tq the' Mortgagee as. further security for Ure payment of -the indebtedness
<br />secumd hereby.
<br />10. Transter of Property. if ati or any part of the Property h sold or teansferred without t&e express written.con-
<br />sent of the Mortgagee, Mortgagee may at its sole option, dectare ail sums secured by this--.Mortgage to~6"e-immediately due „, .
<br />- and payable: - - -
<br />11. Future Advances. Upon request of Mortgagor, Mortgagee may make additional and future advances to
<br />Mortgagor. Such advances, with interest thereon, shalE 6e 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 indebtednesssecuredyhis
<br />Mortgage, not including sums advanced to protect the security of this Mortgage, exceed the original Note.
<br />1Z Misce0aneousProvisions.
<br />' (s) Ahy forebearance in exercising any right or remedy shall not be a waiver thereof. ~ - - - -
<br />(b) Ail remedies provided herein are distinct and cumulative to any other right afforded by law or equity,
<br />- and~may he exercised soncutrently, independently or successively. - -
<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 />(d) AO covenants and agreements oP the Mortgagor are joint and sereral.
<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 hereo[.
<br />- 13_ Release. Upon payment of all sums secured by this Mortgage, Mortgagee shall discharge this Mortgage and
<br />shaA execute and deliver a satisfactory release therefor.
<br />IN WITNESS WHEREOF, Mortgagor has executed this Mortgage on the 7 ilr h day of 7a n„a ry , 19 ~.
<br />(Richard G. r'Agui lar )1 nauowc
<br />T15e ore i'-~7=~-e{gu---iTar-~-+ ~ Boaower
<br />State of Nebraska, Hail County ss: v
<br />On this 20th day of January 19.d_4-, before me, the undersigned, a Notary Public
<br />duly_rnmmissionedandqualifiedtorsaidcounty,personaliycame Richard D. Aguilar and Deborah ~.
<br />9guilar, Husband and SviEe , ko me known to be the
<br />_ kdentiml peaon(s) whose name(s) are sutncribed to the foregoing instrument and-acknowledged the execution thereof
<br />- Abe. their voluntary act and deed.
<br />Witae~ my hand and notarial seal at Grand ?-s land Nebraska in said county, the
<br />deco aforesaid .
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