|
<br />I
<br />
<br />
<br />7. Collde11Ullltion.. In the event the Property, or any part thereof, shall be taken. by eminent domain, the Mortgagee
<br />is empowereclto COllect and receive all compensation which may be paid for any property taken or for damages to property
<br />not taken,and'~rtgagee shalla.pply such compensation, at its option, either to a reduction oUhe indebtedness secured
<br />berebyot to repaitcandrest<>re the'property so damaged.
<br />
<br />8.PerromJaJiceby Mortgagee. Mortgagee may, but shall. have no obligation, to do any act which. the. Mortgagor
<br />h#ap1iedb~f8iIstodo,andMortg8geemaYalso do any act it deems necessary to protect the lien hereof. Mortgagor
<br />~l()repay, upqn demand, "1"y sutnSHso expended by the Mortgagee for the above purposes, and any sums so expended
<br />b1..thQ ...14~'Sh1ll1 be added to the indehtednesssecured hereby and. become subject to the lien hereof. Mortgagee ...
<br />sb8U .n/lt Incur anycpersonalliabiIity becaUse of anything it may do or omit to do hereunder.
<br />
<br />9.~fault: Assignment of Rents. Time is of the essence hereof, and upon Mortgagor's default ilI any covenant
<br />or agreement ofthls Mortgage, including covenants to pay when due the sums secured by this Mortgage, thl! Mortgag"e'sba.JI
<br />be eJititlecl, atItssoleoption and without notice, to declare a.JIsums secured by this Mortgage .to be immediately due811d
<br />payable and may commence foreclosure of this Mortgage. by judicial proceedings; and, provided fulther, tluit'upon such
<br />defaul!'tfu< .Mortgagee,or a receiver appointed by a court, may.at its option. and Without regard to. theadequaey of the
<br />8ecl~ty, enter u~ and take possession of the Property and collect the rents, issues and profits therefrom llJ1d'Spply.them
<br />fi~UQ the. costofcpllection and operation of the Property and then upon the indebtlidness sec~ by this Mortgagee;
<br />SHiel Ie,!ts, ,issues and profits being assigned 'to th.. Mortgagee. as further security for the payment of :1:h~ ind~b~~Ss
<br />secured h~reby. .
<br />
<br />lO.Transfer of Property. If all or any part of the 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 />alidpayable;
<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 securedliYfhis
<br />Mortgage, notineiuding sums advanced to prorect the security of this Mortgage, exceed the original Note.
<br />
<br />12. Miscellalieous 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 wncummtly, 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 />(el) All covenants and agreements of the Mortgagor are joint and several.
<br />
<br />(ej The headings of the pllll\graphs of this Mortgage are for convenience only and shall not be used to inter-
<br />pret or define the provisions hereof.
<br />
<br />13. Rele_. Upon payment of all sums secured by this Mortgage. Mortgagee shall discharge this Mortgage and
<br />shallexeeute and deliver a satisfactm'Y release therefor.
<br />
<br />IN WITNESS WHEREOF. Mortgagor has executed this Mortgage on the~ day of May ,19~.
<br />
<br />~ I),
<br />~alv P ~jJ
<br />j(Gale A. Rieck) 8ouQwor:
<br />.')./ " ./J'-)"d
<br />,-,/v /.-0<V'I~iZ /1 ;tul-c/Z~
<br />(Mich~line A. Rieck) Borrower
<br />S~ of Nebraska, Hall County ss:
<br />
<br />On thi$ 27th
<br />
<br />day of
<br />
<br />May
<br />
<br />19R, before me, the undersigned, a Notary Public
<br />
<br />A. Rieck and Michaeline A.
<br />
<br />duly commissioned and qualified for said county, personally came Gale
<br />
<br />Rieck..... . . . . , to me known to be the
<br />ideIlti~ pe.rson(s) whose name(~j are suhscribed to the. foregoing instmment and acknowledged the execution thereof
<br />
<br />their
<br />
<br />to be
<br />
<br />voluntary act and deed.
<br />
<br />Grand Island, NE
<br />
<br />in said county, the
<br />
<br />Wimess my luind and notarial seal at
<br />date,aforesaid~
<br />
<br />~ MYCq~9!1~xpUe:l:..:... ..'....................--.... . '.-....... . fl. ..........
<br />'0 .. .. ... MARKO..stEIJ<
<br />J '__c > ~ .,_ , ~ rr.- r",,,: ..~>.. ~"'~
<br />~ ::.9
<br />
<br />'-'~l)/) /.' .1. (\ '\fc;"
<br />i ! u;.Uc u Jct v4:
<br />
<br />Notary Public
<br />
<br />(Spaee Below .ThIs Lina ll.cserved Fm L~nder and Recorder)
<br />
<br />
<br />
<br />~~~,
<br />
<br />-~ <J:"
<br />,~.... ~
<br />w
<br />... ....ol\'.
<br />'............
<br />'l''!
<br />..
<br />~~.
<br />
<br />"""
<br />~..
<br />
<br />x;::
<br />~.
<br />
|