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<br />7. Condemnation, In the event the Pro""rty, or any part thereof, shall be taken by eminent domain, tbe 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 or to repair and restore tbe property so damaged,
<br />
<br />8, Perfollllance by Mortgagee. Mortgagee may, but shall have no obligation, to do any act which the MortgBjlor
<br />bas agteedbut fails to do, and Mortgagee may also do any act it deems necessary to protect the lien hereof. Mortgagor
<br />agrees to ~pay, upon demand, any sums so expende~ .by the Mortgagee for the above purposes, and any sums so expended
<br />by. the Mortgagee shall be added to the indebtedneSs secured hereby and become subject to the lien hereof, Mortgagee
<br />shall not Incur any personal liability because of anything It insy do or omit to do hereunder,
<br />
<br />9.Default;~lgnmentofRents, Time is of tbeessence hereof, and upon Mortgagor's default in any covenant
<br />or agreement of this Mortgage,including covenants to pay when due the sums secured by tbis Mortgage, the Mortgagee shall
<br />be entitled, at its sole option and without notice, to declare all sums secured by this Mortgage .to be immediately'due and
<br />payable and may 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 witbout regard to the adequacy oftbe
<br />security, enter upon and take possession of the Property and collect tbe rents, issues and profits therefrom and apply them
<br />fintto the cost of collection and operation of tbe Property and then upon tbe indebtedness secured by this Mortgagee;
<br />said rents, issues and profits being assigned to tbe Mortgagee as further security for the payment .of tbe indebtedness
<br />secured hereby.
<br />
<br />10. Transfer of Property, If all or any part of tbe 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 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 />
<br />12. Miscellaneous Provisions.
<br />
<br />(a) Any forebearance in exercising any right or remedy shall 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) 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 />
<br />(d) All covenants and agreements of the Mortgagor are joint and several,
<br />
<br />(e) 'lbe headings of the paragraphs of this Mortgage are for convenience only and shall not be used to inter.
<br />pret or define the provisions hereof.
<br />
<br />13. Release. Upon payment of all sums secured by this Mortgage, Mortgagee shall discharge tbis Mortgage and
<br />shall execute. and deliver a satisfactory release therefor.
<br />
<br />
<br />April
<br />
<br />,19~,
<br />
<br />Bouower-
<br />
<br />Borrower
<br />
<br />On this
<br />
<br />/8 l!I-
<br />
<br />~ p~...-:>?z,a.// County ss:
<br />April
<br />
<br />, 19~, before me, the undersigned, a Notary Public
<br />
<br />Kirk G. Arnold
<br />
<br />State of Nebraska,
<br />
<br />day of
<br />
<br />duly commissioned and qualified for said county, personally came
<br />
<br />, to me known to be the
<br />identical person(s) whose name(s) are subscribed to the foregoing instrument and acknowledged the execution thereof
<br />
<br />to be his voluntary act and deed,
<br />
<br />Witness my hand and notarial seal at ~ ~.....-~ q.L~ in said county, the
<br />date aforesaid, J:ERAl. NOTARY-stft( of mkl -
<br />EL1ZA8E'T!i~ .
<br />My Commission expires: ~/.;/~' ,My Comm, Exp. ~~ a./~ ---~-??.,A;.
<br />
<br />Notary Public
<br />
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