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84000478
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11/18/2008 3:33:22 PM
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11/18/2008 3:32:46 PM
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DEEDS
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84000478
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_. <br />7. Condemoatioa_ In the event the Property, or any part.thereof; shall be taken by eminent domain,the Mortgagee <br />is empoweredto collect and receive allcoinpensation which may be paid for any property taken or for damages to.property ~ - <br />not taken, and Mortgages shall ;apply such compensation; at its option, either to a reduction of the indebtedness secured ' <br />hereby ox to repair and restore the property so damaged... <br />8. Perfotmaace by Mortgagee. Mortgagee may, bat shall have no obligation, to do eay act which the. Mortgagor <br />has. agreed but fails to do, and Mortgagee -may also do any aM it deems necessary to grotECt.the lien hereof. Mortgagar <br />agrees to repay; upon demand, any sutras so expended by the Mortgagee for the'sbove purposes; and arty stimsso expended- <br />by the Mortgagee shalt ba added `tn ttie indebtedness secured 6ersby and become subject to the lien hereof. Mortgagee , <br />shall-not incuz arty personal liability because of anything it may dci or omit to do hereunder: <br />8. 1>efault; Assignment of Rents. Titne.ls of the essence heieot, and' upon Mortgagor's defaaltin anp covenettt <br />or agreement of this Mortgage, inctuding covenants to pay when due the sums secured by this=Mortgage; tike Mortgagee:shall <br />be entitled; at its sole option and without notice, to dedare all sums secured by this Mortgage .fa be-immediately due'snd <br />payable and may commence foreclosure of this Mortgage 6y judicis! proceedings; and; provided further; that upon-sueh <br />default the Mortgages, or a receiver appointed by a couK; may at its-option and.vrithout regaxl to the. adequacy:ofthe. <br />security: enter upon and-take possession of the Propertyand collect the rents, issues and prof~tathare$nm and aPPly'them <br />-fiat W ths: cost of collection and operation of the Property and then. upon the indebtedness.secured by'thia Mortgagee; ; - <br />said. rests,. issues and profits being assigned to the Mortgagee as further security -for the payment of -the indettedness <br />secured hereby. <br />10. Transfer of Property: If ail or any part of the Property is sold or ttansfsitedwithout~he express written con- <br />sent of the Mortgagee, Mortgagee may at its sole option; declare ell sums secure! by thisMortgage to.be itamedia#ely-due - <br />and payable. <br />11. Ftitture Advances. Upon request of Mortgagor, Mortgagee may make-additional and futdre advances to <br />Mortgagov-9ueh 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 shalt the principal amount of.the indebtedness secured by this <br />Mortgage, not inelnding sums advanced to protect the security of this Mortgage, exceed the-original Note. - :. - - -: .. <br />- 12 MisceHaneousPmvisions. - - - - - - <br />{a)-- Any forebearance in exercising any right or remedy shalt not be a waiver thereof. <br />{b) Alt remedies provided herein are distinct and cumulative to any other right a[forded by law or equity; <br />and may be exercised ^oncurnently, 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) All covenants and agreements of the Mortgagor are joint and several. <br />(e) The headings of the paragraphs of this Mortgage are for canvenianee only and shall not be used to inter- . - <br />pret or define the provisions hereof. <br />13. Belease. Upon payment of ail sums secured by this Mortgage, Mortgagee shall discharge this Mortgage -and <br />shall execute and deliver a satisfactory release therefor. <br />IN Wf'CNESS WIISA>56F, Mortgagor has executed this Mortgage on thus`r1 day of TrYSPmh~r , lg ~, <br />fi~dgag_O,C,7~ r^armar-~~Geaeral Ptnership - <br />}_ 1 <br />` ~J Ha;rowar <br />~ Z` Z aonowar <br />State of Nebraska, uat , __.m._ ______ ~Caunty as: <br />On this tth day of Aac¢miuar.- _, 18$3,^, before me, the undeaigned, a Notary Public <br />- dulycommiasionedandqualifiedfotsaidcounty,personallycatrre 7VaYm HedfzeCOCk and <br />- --~~difi&~2-t{QdE~rE E(~~tis ~~i_~e to me known to be the <br />- - - ideAtidd person(s) whose name(s) are subscribed to the foregoing instnrment and acknowledged the execution thereo[ <br />~ ~ their voluntary set and deed. <br />Wittteas my hand aml notarial seal at Grand island NE in said county, the <br />dateatorsaaid. tllpllUitlw-w.r.tar+w <br />~,~ <br />My (7oinmisaion ex tea; ~ g ~~ <br />Pi tptt-E~.1iMM>; Ili <br />~`w,.tj~ - - - r- owr Publke <br />- tav~ aetovr Srta trine aaaerved Pot t.¢mrer and neeorder) <br />~ ~ ~~ <br />o ~ ~ __ <br />~~ ~ _~ ~r. -:~-- <br />~ ~ . ~: <br />xira,â˘ntietxio~na <br />
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