|
<br />
<br />7 Condemnation. In the even[ the Property, or any pan thereof, shall be taken by eminent domain,fhe Mortgagee
<br />is empowered to collect and receive all compensation which may be paid for any properly taken or fox damages to property
<br />not taken, and Mortgagee shill apply such compensation, at its option, either to a reduction of the indebtedmss secured
<br />hereby or [o repair and restore the properly so damaged.
<br />8. Performance by Mortgagee. Mortgagee may, but shall have no obligation, to do any act which the Morlgagor
<br />has agreed but fails to do, and Mortgagee may also do any act it deems necessary to protect the Ifen hereof. Mortgagor
<br />agrees to repay, upon demand, any sums so expended by the Mortgagee for the shove 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. Mortpgae
<br />shall not incur any personal liability because of anything it may do or omit to do hereunder.
<br />9. Default; Aseiptmeat of Rents. Time is of the essence hereof, and upon Mortgagor's detaWt in any oaseaant
<br />or agreement of this Morlgage, including covenants to pay when due the sums secured by this Mortgage, the Mortgageadrall
<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 Morlgage by judicial proceedings; and, provlded further, that upon sIM'h
<br />defaWt the Mortgagee, or a receiver appointed by a court, may at its option and without repad to the adaquaay oftha
<br />security, enter upon and take possession of the Properly and collect the rents, issuer and profits therefrom-and apply fltMS"
<br />first to the cost of collection and operation of the Property and then upon the indebtedness secreted by this Mocj«lpr
<br />i
<br />said rents, issues and proCts being assigned to the Mortgagee as further security for the payment of the indatitadoaaa
<br />secured hereby.
<br />10. Transfer of Property. If all or any part of the Property is sold or transferred without the expreaawdttan ean-
<br />sent of the Mortgagee, Mortgagee may at its sde option, declare dl sums secured by this Mortgage to be immediately due
<br />and payable.
<br />11. Future Advances. tipon request of Mortgagor, Morlgagee may make additional and tutnre adwaeaa to
<br />Mortgagor. Such advances, with intertst thereon, shall be secured by this Mortgage when evf~noed by promiaaay notes. .
<br />stating that said nosy are secured hereby. AC no time shall the principal amount o[ the indebtedoese secured-by this
<br />Mortgage, not including sums advanced to protect the security of this Mortgage, exceed the otiginN Note.
<br />12. Miscellaneous Provisions.
<br />(al Any forebeannce m exercising any right or remedy shall not be a waiver thereof.
<br />(b) All remedies provided herein are distinct and cumulative to any other right afforded by law oregWty,
<br />and may be exercised concurrently, independently or successively.
<br />(ci '[he cotenants and agreements contained herein shall bind, and the rights Inure to, the reapaetire
<br />successors and assigns of the Mortgagor and the Mortgagee.
<br />td) Ali covenants and agreements of the Mortgagor are joint and several.
<br />te) The headings of the paragraphs o[ this Mortgage are [or convenience only and shall not be used to inter-
<br />pret or define the provisions hereof.
<br />13. Release. Upon paynwnt of all sums secured by this Mortgage, Mortgagee shall discharge this Mortgage anal
<br />shall execute and deliver a satistacto,y release therefor.
<br />IV WI'CNi:SS WHEREOF, Mortgagor has executed [his M_ongage on the fth day of ~APr6il _, 19 ~
<br />-=,~-1-y=-- y--~G'2
<br />Calvin J. Kt~ ea.ww.r
<br />-:~ ~._
<br />HAIL. Fiances H. Kaska 6onotr
<br />State of Nebraska, _. _ - __-.-___ County ss:
<br />~ this _6th_-- _ dap of _ _Apri 1__,___ _-----,• 19 _._ ~be[ore me, the undenugaed, a Notary Public
<br />Calvin J. Kaska and F~utces H.
<br />duly trommtastoned and qualified for said county, personally came-___ ~~
<br />Kaska , Htts~and and N i fe
<br />-----~-------------------_.-----------------------------._._ to me known to be the
<br />identical petsonis) whose nameist are subscnbed w the fora going instrument and acknowledged the execution thereof
<br />~ be _ _His a.nd. Her voluntarv act and deed.
<br />Grand Island
<br />Witness my hand aid notarial seal at ____________._.. ___- .`, in said county, the
<br />date of oresatd .
<br />"3 MIfRYC.tiE~g{ D nor..,-vanes
<br />
<br />N :n
<br /> ~.
<br />~
<br /> ~
<br />+
<br /> ~C ,...
<br />~r
<br />
<br />' !
<br />.~ H
<br />:.
<br />Lit LP ~.
<br />
<br /> hat. I+35G :q~ ~°
<br />-' M asset da Matt t4 tag
<br />---- --_._ ... -- _.._.._ tsos« new.. niu i,w. aa+en~a eo= ~r ~~ .,w aMOm~n
<br />M ,
<br />~~
<br />~ 1 ;.
<br />C::l s
<br />~:. ~~ - ~~
<br />~~ `~
<br />`~
<br /><~., ..
<br />
|