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7. Coodairmation. In the event the Property, or any part thereof, shah be taken by eminent domain, the Mortgagee
<br />isealpowered to ooriactand ieceive all eompeaadon which may be paid for any property taken or for damages to Property
<br />not taken, sod-Mortgagee shill-apply suds compensation, at-its option, either to a xductioa of the indebtedness secured
<br />herby or to repair and restore the property so damaged.
<br />8. Yerfotmance Dp Moetgagee. Mortgagee may, but shall -have no obliptioo, to do any act which the Mortpyor
<br />bat-speed but tads to do, and MoRgap+e mry also do any acE it deems netreaary to prated the lies hereof. Mortpgor
<br />agrees to xpry, upon demand, any sums so expended by the Mortgagee-for the above purpcaes, sail any sums so expended
<br />h¢. the Mortgagee thall tie added Yo'the indebtedness secured hereby. and- become subject to the lien hereof,: MortTape.
<br />shallnotiaeur aoy.peratmd -iability because of anything it may do or omit to do hereunder.
<br />9. Iktault; Assignment of itenta. Time is of the essence hereof, and upon Mortgagor's default in area covenant
<br />or sgreemeet of this'Mortgage, including covenants to pay when due the sums secured by this Mortgage, the Mortgagee shill
<br />be'-entiCt6d; at its sMe option and without notice, to declare all sums secured by thm Mortgage.to"he immediately due and
<br />payable and may-commence foreclaure of this Mortgage by judicia- proeeediags;-and; provided further; that upon such--
<br />default the Mortpgse, or a receiver appointed by a court, may st its option and without to the adequacy of the
<br />saeurlty;.eater uparand take: poaseesion of the Property and•cdtect the ants, issues and profits therefrom-and apply-them
<br />{let to the rust ot.colkction sad operation of the Property and then. upon the indebtedness secured by this Mortgagee:'
<br />add..rents, issueamd pro[itabdng aaripted to the Mortpigec as further security for the payment of the indabtedness-
<br />secured hereby.
<br />10. 'Itianster of Property. If all or arty part of 4he Property is sold or ttansterred without the express written con•
<br />sent of the Mortgagee, Mortgagee may at its ode option, declare sU sums,seeured by this Mortp~ge to be immediately due
<br />and' payabk_
<br />11. FWtute 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 promioory notes'
<br />stating that said notes ax secured herby. At no time shall the principal amount of the indebtedness aeeuxd bq'this
<br />Mortgage, not including sums advanced to protect the security of this Mortgage, exceed the origiod. Note:
<br />12. Misedlaoeouc Provisions.
<br />(a) Any forebearance in exercising any right or remedy shall not be a wdver thereof.
<br />(b} All remedies provided- herein are distinct end cumulative to any other right sftorded 6y law or sanity,
<br />and may be exercised ;;oncurrentiy, independently or successively.
<br />(c} The covenants and agreements contaiced herein shad 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 ax joint and rectal. _
<br />(e)- . 'lbe heading of the paupaphs of this Mottpgle ue=for coorenience only and sluil not beysstl.tont+er-
<br />pret or define the provisions hereof.
<br />13..; ltekase. Upon. payment a[ all sums secured by this Mortgage, Mortgagee shari .discharge, this Mnctpsge. sad::;
<br />shall execute and ;deliver a satisfsdory release thextor.
<br />TN WI7'N[~S 1ttHE~80F, Mortgagor has executed this Mortgage on the?b day: of .lartuarv ;19 84 .
<br />VeXtioit i3', JOhnsfln Living Revocab3e Trust Irene Y. 3atsrsnrz Living Re,Qoable 'IYw-k. - '
<br />> t
<br />- sa.~.: ~,+~,...,, ..a>c-_. ~`~'rr ~r?~?r°G ~. ~il^m~r- r*g v'=~'---.~=s"L~tl.~•-~-1~
<br />-x (~ten~e B..7d'a~xtfwustee) (>~ T_, ,7c~hevv~n,, iiustee} 9ocrowr
<br />~(IEsnu_ 1..Totmsu3K- -tae) ~--RY .~• ~=-~X'-~~! e
<br />- (UpxixYZ B. ~ Co-TYUStee) - aoao.nr: -
<br />StaM;ot. Nebnrka, 11x11 County ss:
<br />(hn this ~ day of Januarv 19~~, be[ore,me, the uaderaigned, a Notary Fabric:
<br />duty commissioned and qualified [or add county, personaily came ~'~~; B' Jehn'~' Co~li»tee acid ~ 'I, Jdanan.
<br />C~.:of theVaerrn H, 3etsesrn laving i~e Trust atr3 of ttv; fn+t~ -
<br />to me known to be the .
<br />ida~ttlalpersem(s) whose usm8(a) ax suhccrtbed to the-foregoing iastr9mant-and-acknowiedged rile execution tirexo[
<br />to.tie thei t voluntary act and deed.
<br />vflmere my baud and notanai seal at Gran3 Tsland, NE `inaaid.county, the-
<br />date a[gipaaid.:
<br />My Cornmiasion ercptces:
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