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7. Condeottration. !n the event the Property, or any part thereof, shall be taken by eminent dom.dn, the Mortpyee
<br />is empowered to collect and receive all compensarion wtrich may be paid for any property taken or for damages to Property
<br />not taken, and Mortgagee shall apply such mmperwrion, at its option, either to ^ reduction of the indebtednen secured
<br />hereby or to rePVr and restore the property ao damaged.
<br />8. Peviotmanoe by Mortgagee. Mortgagee may, but shall have ao obliprion, to do mty act which the Mortgagor
<br />has speed but fails to do, and Mortgagee may also do any act it deems necewry to protect the lien hereof. Mortpgor
<br />agrees to eepay, upon demand, any sums so expended by the Mortgagee for the above purposes, and soy sums w ezpeodad
<br />by the Mortgagee shall be added to the indebtedrreac secured hereby and become wbjeet to the-lien heteot: Mortgagee
<br />sbdl not incur any personal liability bepuse of anYtbing it may do or omit to do hereunder.
<br />9. Default; Arigtrment of Reno 7lme is of the enence hereof, and apes Moetpgor's deLnlt to any cov~msaK
<br />or agreement of this Mortgage, induding rnvenants to iNy when due the wins secuued by ttris Mortpge, the Mortpipe-afisil
<br />be earitled; at its sde option and without notice, to deofare all weu secured by thh Mortgage to be i
<br />payabk and eeaY commence foreclosure of this Mortgage by judidal mmedla)+ely. due+sod
<br />dehWt the P~eding+: and, provided furttrer; tlut'upon.wch
<br />Mortgagee, or a receiver appointed by a court, may at its option. grad without regard to the adequdcy of the
<br />seeudty, enter upon-and take possession of the Property and edleet ibe rents, [aaousnd_protftstbaehom:and-apply=tMm-
<br />deat to the cast of cdlecrioa and opentioo of the Property and then upm the -odetrtedoaaaaeeured by thisMaetgyae;
<br />said eea4, icsees and profits being assigned to the Mortgagee as further security for the payaaant.o[ the indebtedaur
<br />fecund hereby.
<br />10, 7Yrrder of Property. If ail or any part of the Property is said or tramferred withoutthe exprdawrittea con-
<br />sent of the Mortgagee, Mortgagee may at its sole option, dedare all sums secured by this Mortgage to be immediately dw
<br />and payable.
<br />11. flah¢e Adraoees. upon request of Mortgagor, Mortgagee may make additional. and futon adwncea to
<br />Mortgagor. Such adrances, wittr interest thereon, shall be secured by this Mortgage when evidenced by proanWory Hope.
<br />stating that said notes are secured hereby. At no time shall the principal amount of the indebtedness secused~th4
<br />Mortgage, not induding sums advanced to protect the security of ttris Mortgage, exceed the original Notr.
<br />12. MiaaOaoeom Provision:.
<br />ia) Any foretxanrrce in exercising any right or comedy shall not be a waiver thenrol.
<br />(61 A[i remedies proridad herein are distinct and cumu-ative to any other right afforded by law ar equityr,
<br />and auy 6e exercised concurrently, independently or succeasivdy.
<br />(c) 'tie covenants and agreements contained herein shall bind, and the rights inure to, the respective
<br />suttiti~asors and assigns of the Mortgagor and the Mortgagee.
<br />Id) Ail covenants and agreements of the Mortgagor are pint and several.
<br />(e) The 6ead[op of the patagnphs of this Mortgage ate for eonyeoieuce only and ahW not be-wed to-iutcr
<br />prat or de(hw the proridons hereof.
<br />18, Releaac, Gpon payment of ail sums secured by this Mortgage, Mortgagee shaft diachmge ibis Mortpge apd
<br />shall execute and deliver a satia[setory relessr theretor.
<br />IN WITNI;4S YFNhNkX?p, Mortgagor has eucuted this Mortgage on the 27 r h day of "fHrc4~ , 19 $#.:_.
<br />i
<br />iHector C. Fat) ' <~-~.~ no}ro..a•
<br />~~.~ane F. ~~~~ ~'~"~'__"____". .~,k
<br />,,
<br />4ia 11
<br />State of Nabaaska, ___,_._._. ~_~_ _._ _.T_._T_County ss:
<br />pre this _4 3 c h ,day of ~ :larch 19f}~., before toe, the undersigned, a Notary Public
<br />dulyeommysionedandqualiGedforsaidcouoty,petsonallycame_ 4{e°tOr f~• F'ac and Jane F. Fns
<br />to me knowu to be the
<br />idenrial pRrswt(s) whose name(s) are subscribed to the toregning instrument and ackoovrledged the execution thereof
<br />to be __ {heir roluatary act area deed.
<br />tYitneaemyhandandnotarialsealat Grand Island Nebraska in saideounty,the
<br />date aforesaid.
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