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7. Condemnation. [n the event the Property, or any part thereof, shall be taken by eminent domain,the Mortgagee
<br />u 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 ap~rly such compensation, at its option, either to a reduction of the indebtedness secured
<br />hereby or to repair and restore the property so damaged.
<br />B. Performance by Mortgagee. Mortgagee may, bat shall have no obligation, to do any sot which the Mortpgor
<br />has agreed but fails to do, and Mortgagee may also do any aot it deems necessary to protect the lien hereof. Moetga/tfr
<br />agrees to repay, upon demand, any sums so expended 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 may do or omit to do hereunder.
<br />9. Dehnlt; Assignment of Rents. Time is of the essence hereof, and updn Mortpgar's detaWt in any coeemrrf
<br />or agreement o[ this Mortgage, including covenants to pay when due the sums secured by this Mortgage, the Mortgagee-etiY1
<br />be entitled, at its sole option and without notice, to declare all sums secured by this Mortgage.to be immediately dae sail
<br />payable soil may commence foreclosure of this Mortgage by judicial proceedings; and, provided furtheY, that uponsudt=
<br />dehult the Mortgagee, or a receiver appointed bq a court, may at its option and wlthont regard to the adaquaLy o[tlre
<br />security, enter upon soil take possession of the Property and collect the rants; iswea and profits theaetrom end apply tMaq'
<br />first ro the cost of collection and operation o[ the Property and than upon the indebtedner assured by thia•Lleetga/ar.
<br />said rents, icsue6 and profits being assigned to the Mortgagee u further security for the payment of th6 htdObtadwr=
<br />secured hereby. - -
<br />10. Ttarrsfer of Property. If all or any part o[ the Property is sold or transternd without the exprep written top•°
<br />sent of the Mortgagee, Mortgagee may at its sole option, declare all sums secured by this Mortgage to be iromsdi~tety due`
<br />and payable.
<br />11. Future Advances. Upon request of Mortgagor, Mortgagee may male additioml rail tnture` advauees:ta'
<br />Mortgagor. Such advances, with interest thereon, shall be secured by this Mortgage when evidenced by pramWoeynotas=:
<br />stating that said notes are secured hereby. At no time shill the principal amount o[ the indebtedness secuttabp fhie
<br />Mortgage, not including sums advanced to protect the security of this Mortgage, exceed the original Note.
<br />12. Miscellaneous Provisions.
<br />(a) Any forebearsnce in 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 ~ egaitjr,
<br />and may be exercised concurrently, independently or successively.
<br />(c) The covenants and agreements contained herein shall bind, and the rights inure to, the [eapeetive
<br />successors and assigns of the Mortgagor and the Mortgagee.
<br />(d) All covenants and agreements of the Mortgagor are joint and sevegl.
<br />(e) The headings of the paragraphs of this Mortgage are [or conrenieace only and shall not be used to.inMe--
<br />pret or define the provisions hereof.
<br />13. Release. Upon payment of ail sunLS secured by this Mortgage, Mortgagee shW discharge thin Mortgage
<br />shall execute and deliver a satisfactory release therefor.
<br />[N WITNESS WHEREOF, Mortgagor has executed his rtgage on Che 9r h da o ,198.Is-.
<br />Massy K. autos) aouowar
<br />(Doris J ne Patsios) eosrn,.a
<br />State of Nebraska, ----_-- Ha 1 1 _-__--------County ss:
<br />On this at h _ day of Apr i I 19 84 ,before me, the underaigrted, a Notary Public
<br />duly commtssioned and qualified for said county, personally came ~' 1 a s s v K . Patsios and Qo r i s June
<br />Patsios, Husband and Hsi le , to me known to be the
<br />identical person(s) whose name(sj are subscribed to the foregoing instrument and acknowledged the execution thereof
<br />tp be [heir _. voluntary act and deed.
<br />Witness my hand and notarial seal at- Grand Island, Nebraska ___insaidcounty,the
<br />date aforesaid . n~ ~ ~~ -
<br />_ MY Commission expires: Oli,~~~l~ ~: i. (~ `+' .j.i `- k~1 .~
<br />- otary Puhhc
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