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<br />7. Condemnation. In tha event the Property, or anypart thereof, shall be taken by eminent domain, the Mortgagee
<br />is empowered Yo collectandreceive all compensation which may be pavd for any property taken or for damages to property
<br />rani takon, and Mortgagee shall apply such. compensaifon, at-its optlbn, either to a reduction of the indebtedness~sedured
<br />hereby or to repaiz and restore the property so damaged.
<br />8. Performance by Mortgagee.- Mortgagee may, but shall have no obligation, to do any act which the Mortgagor
<br />has agreed but faiLsto do, and Mortgagee may-.also do any.act it-deems necessary W praieet-the lien hereof. Mortgagor
<br />agrees to repay, upon demand, any sums so expended by the Mortgagee for the above purposes, aztd any soma soexpended
<br />by the Mortgagee shall be added to-the indebtedness secured hereby and become subject to the-lien hereof. Mortgagae
<br />shat! not incur any personal liability because of anything it may do or omit to do hereunder.
<br />9. Default; Assignment o£ Rents. Time is of the essence hereof, and upon Mortgagor's default iu any covenant
<br />or agreement of this Mortgage, including covenants to pay when due the sums secured bythis Mortgage, the Mottgageeshall
<br />be entit}ed, aE its sole option and without notice, to declare a1I sums secured by this-Mortgage-.to be immediatelydueand
<br />payable and may commence foreclosure of Chic Mortgage- by judicial- proceedings; and, provtded Purther, 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 the
<br />security, enter upon and take possession of the Property and collect the rents, issues and profits therefrom and apply them
<br />fist to the cost of collection and operation of the Property and then upon the indebtedness secured-by thts'Mortgagee;-
<br />said rents, issues and profits being assigned to the Mortgagee as further security for the payment of the indebtedness
<br />secured hereby. - ~ ,-_
<br />10. Transfer of Property. [f all or any part of the Property is said or transferred without the express written c©n-
<br />sent of ±he Mortgagee, ;4lorteagee may at it_e sole apticn, deelam all some secured by this Mortgage to be immediately dse
<br />and payable.
<br />11. Future Advances. Upon request of Mortgagor, Mortgagee may make-additional and future advances to-- -
<br />Morgagor. Such advances, with interest thereon, shall 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 indebtedness secured by this--
<br />Mortgage, not including sums advanced to protect the security of this Mortgage, exceed the original Note. -
<br />1?. Miseeiiaheaus Provisions.
<br />(a} Any forebearance in exercising any right or remedy shalt not be a waiver thereat.
<br />(b} Ati remedies provided herein are distinct and cumulative to any other right afforded by taw or equity,
<br />and map be exercised concurrently, independently or successively.
<br />lc} 'TYte covenants and agreements contained herein shall bind, and Che rights inure to, the respective
<br />successors and assigns of the biorCgagor and the Mortgagee.
<br />(d) All covenants and agreements of the illortgagor are joint and several.
<br />te} The headings of the paragraphs of this Mortgage are for conuenience onh~ and shall not be used to inter-
<br />pret or define the provisions hereof.
<br />13. Release. Upon pa}-meet at all sums secured 6y this ~Sortgage, Mortgagee shall discharge this Mortgage and
<br />shad execute and deliver a satisfaeto:y mlease therefor.
<br />1N IyITNF.SS 6tiHF.REOE', Mortgagor has executed this Slortgageop the 2Qtl~ay of Jant73TV_,_, 19 ~ .
<br />~i)~3TCk I33ri~Ei1~'-^-`- --`-~ - Eo.rower
<br />State of Nobraska, __~.____ H~"tll
<br />Bonower
<br />S5:
<br />On this ~_ day of ._._ ~nna-r•c " 19.$$., betorr me, the undersigned, a Notary Public
<br />duly commissianrd and qualified [or said county, personally came I~u ick BaxRlhas't , A 5171~1t1 PP.T'sron
<br />-~ - _~_ to me known to be the
<br />identical perxon(s} whose name(s) are subscribed fo the foregoing instrument and acknowledged the execution thereof
<br />tcs be. h1S _~.___..__ voluntary act and deed.
<br />Graftd Island, Nebtaski~
<br />W+tness my hand and natsrial seal at___~_.._.~_.-.____,_.~._._~___~~_in said county, the
<br />date afarraaid. "~
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<br />`- p' My Commiasion ex ireSY ~ - is .'_~~ 4. j
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