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<br />1. 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. Qt to repair and restore tIte property. so.damaged.
<br />
<br />8. Performance by Mongagee. Mortgagee may, but shall have nQ obligatiQn, to do any act which, the Mortll8llor
<br />has ~-but fai.ls to dQ, and Mortgagee may also do any act it deems necessary to protecUhelien hereof. MortgajWr
<br />agrees to repay, up<>n demand, any sums so expended by the Mongagee for the above purposes, and any sumssoexpended
<br />by:the Mortgagee shall be added to the indebtedness secured hereby and become subject to the lien hereof. MQRgagee
<br />shall not. incur any petsonalliability 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 up<>n MOrtgagor's default in any covenant
<br />or agreementof this Mortgage, including covenants to paywhen due the sums secured by this Mortgage, the Mortgagee IlhalI
<br />beentitled,- at ita sole option and without notice, to declare all sums secured by this MortgagUo beimmedla.teIy due'and
<br />payable and may commence foreclosure of this Mortgage by judicial proceedinga; 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.cthe
<br />security ; enter upon and take possession of the Property and collect the rents, issues and profits therefl'om and apply them
<br />lint to the <:os/; of collection and operation of the Property and then upon the indebtedness secured by this Mortgagee;
<br />said teIlts, lssues 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 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 when evidenced by promissory notes
<br />stating that said notes are secured hereby, At no time shall the principal 8Jr'lunt 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. Miscellaneous Provisions.
<br />
<br />(a) Any forebearance in exercising any right or remedy shali 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) Tlte 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 are joint and several,
<br />
<br />(e) The headlnp of the paragraphs of this Mortgage are for convenience only and shall not be used to inter.
<br />pret or define the provisious hereof.
<br />
<br />13, Release, Upon payment of all sums secured by this Mortgage, Mortgagee shall discharge this Mortgage and
<br />shall execute and deliver a satisfactol'Y release therefor,
<br />
<br />IN WITNESS WHEREOF, Mortgagor bas executed this Mortgage on the29th day of
<br />
<br />Harch
<br />
<br />.19~,
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<br />,.r::: A~~~. _,_ l'~"
<br />~ "<Z.:4."-- _u-~
<br />Eo Dean Wolfe "
<br />
<br />Bouower
<br />
<br />l!-,,".c:~~;;.-J.;...
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<br />Judith A. Wolfe
<br />
<br />Bor:ro\l.-"
<br />
<br />State of Nebraska,
<br />
<br />Ha II
<br />
<br />County ss:
<br />
<br />On this
<br />
<br />29th
<br />
<br />day of
<br />
<br />March
<br />
<br />~ 19~. before me, the undersigned, a Notary Public
<br />E. Dean Wolfe and Judith A. Wolfe,
<br />
<br />duly conunlssloned and qUlllfied for said county, personally came
<br />
<br />HuSband and Wife . to me known to be the
<br />identical pelSOtl(s) whose name(s) are subscribed to the forecoing instrument and acknowledged the execution thereof
<br />
<br />their
<br />
<br />to be
<br />
<br />voluntary act and deed.
<br />Grand Island, Nebraska
<br />
<br />in said county, the
<br />
<br />WitDas my hand and notarial seal at
<br />date aforesaid,
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<br />:1:.. 'on expires:
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<br />Notary Public.-,.,
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<br />(SPICe Below 'I'tlta LlDe .RetaRVed For LeAd.. and. Reecmier)
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