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<br />7. Candemnatipn. jn the event the property, or anypart thereof; shall betaken byeminent domain, the Mortgagee.
<br />isemprtweredta eojieetand [eceive all.compensation which may be paid for any property taken or Por damages to"property::
<br />not taken, and Marctgagee aha!{ Appjy sucp compensation; at its option,: either. W a reduction of the indebtedness secured
<br />Hereby or to:repair and;restore;tbe property so damaged
<br />& PerPOtmance by Mortgagee.,Mortgagee may, but shall-have no obligation, to do any act which the Mortgagoi
<br />has agreed bnt fails to do, and Mortgagee may also do acy act if deems. necessary to protect the lien tiereof. Mortgagoi,-
<br />agrees to repay, upon demand, auysuuis sa expended bythe-Mortgagee Por the above purposes, and any sums so expended-
<br />. by tt3e Mortgagee shill lie added to-the indebtedness secured hernby-and becor,@ subject to the tienhereof, Ma=Egagee
<br />shall not incur any personal 6abijity beeause of anything it may do or omit to do hereunder.-
<br />9.: [)efault; Assignment of Rents: 'j;me is of the essence hereof, and upon Mortgagor's default in any coverrent
<br />of agreementof this Mortgage, including covenants to pay when due the sums secured by this Mortgage; the Mortgagee shell-
<br />be entidett, at: its sole-option and witbnut notice, to declare allaums scented by triis"Mortgage to be immediately due"and
<br />payable and"map 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 witlwut regard to tha.adequacy of the
<br />setntrity, enter upon and take possesvion of"the Property and.collect the.renta, issues and profits therefropt and apply them- .
<br />-first:ta:the.cast:of.collection and operapon of the Property and then upon the indebtedness secured by khisMortgagee;.
<br />said rents; issues and pmf5ts being assigned to the Mortgagee "as further security for the paymentot the indebtedness:.
<br />secured Hereby:
<br />- 10.-Transfer of property, If ail- or any part of the Property is sold or transferred without the expiess vmtten~con-~-
<br />-sent of the Mortgagee; lt3ortgagee may at its-sore option, declare all sums secured by this Mortgage; to be immediately due
<br />and payable:
<br />21. PutureAdvances. Upon requesk of Mortgagor, Mortgagee may makeaddition~! and future advance~ta
<br />- -Mortgagor; Such advanrns, with intemst thereon, shall be secured by this Mortgaee when evidenced by nrnmissorv"notes.
<br />statjngthat-said :notes are secured hereby. At no time shall the principal- amount of the indebtedness securedyhia
<br />- -- Mortgage, not including sums advanced to protect the security of this Mortgage, exceed the original -Note,
<br />12. Miscellaneous Provtsio~.
<br />{a) Any forebearattce in exercising any right or remedy she!! not be a waver thereof.
<br />ib} Alj remedies provided herein are distinct and cumulative to any other right afforded by law or equity,:
<br />and may be exercised concurrently, independently or successjve}y.
<br />tct The. covenaa+~ and agreements corral.^.ed herein shall .bind, and the rights inure ta, the respeeGve
<br />successors and assigns of the Mortgagor and the Mortgagee.
<br />(d) All covenants and agreements of the Mortgagor are joint and several.
<br />(ej The- headings of the paragraphs of this Mortgage are-for convenience onty and shall not be used to inter-
<br />pre! of define the provisions hemof.
<br />13. Release. -Upon payment of all sums secumd by this Mortgage, Mortgagee shall. discharge this-Mortgage and
<br />_ shall execute amt deliver a satisfactory release therefor.
<br />IN WITNI S WHER&OE, Mortgagor has executed Ibis Mortgage on the _~_ ~d>ay of Jan . ,19 $~.
<br />,~ ~J° 9 't
<br />-l"Y_~_,,,~ c-~~if~f ~ rSndividually}
<br />Herron I3, Jahnson~ Co-Trustee not:rawer
<br />-~-~»'t-tL- *~ ~; ~!t-c~.~ - (individually)
<br />Erma 1. Johnson r` Boaower
<br />-:1 :rrt.rL. ~. .~~rGc2~,-7-Z,-
<br />State a[ Nebraska, 13.317 County ss: f j Erma I, Johnson, Co-'Prustee
<br /> On this _~ day of January 198?, before me, We undersigned, a Notary Public
<br />- duty eommi~io~d and qualified for said county, personally came Vernon H Johnson- and Erma 1 John ron
<br /> as individuals and as Co-TSUStees , to me known to be the
<br /> identical person{s) whose name(s) are subsenbed to the foregoing instrument and acknowledged the execution thereof
<br /> to be their voluntary act and deed.
<br /> ~Yitaess=my hand and notadal:aealat Grand Isla nd, NE ~~
<br />in said county; the
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<br />date aforeaatd .
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