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<br />7. Cond",mnation. In th~ event tbe Property, oranypart thereof,sball be taken by eminent domain, tbe Mortgagee
<br />is~mpowe'red to collect and receive all compensation wbich may be paid forany property taken odor damages to property
<br />nol' blken. aitdMortgagaesltali apply such compensation, at its option; either to a reduction of the indebtedness secured
<br />herebYllr toe repair-nd resrore the' Pl'llperty so damaged.
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<br />S.rerformanceby Mortgagee; Mortgage. may, but shall have no obligation, to do any act which the Mortgagor
<br />lmSagreedbutfai!Ho dO.8!ld Mortgagee may also do any act it deems necessary to protect tbeUenhereof. Mortgagor
<br />~torepay;upondemand, ~nysumsso expended by the Mortgagee for tbe above purposes, and any sums so expended
<br />" ilythe Mortglige.shall be added to the indebtedness secured hereby and become subject to the Uen hereof. Mortgagee
<br />shall notincur"anypenonal"UabUitybeeailse of anything it may do or omit to do hereurider.
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<br />9:, DefBult; Assignment of Rents. Time is of the essence hereof, and Upon Mortgagor's defaujtinanycovenant
<br />oragreementofthisMortgage,ineludingcovenants. to pay when due the sums secured by this Mortgage, the M\lrtgag""sh'lll
<br />beehtitled, at its sole. option and without notice, to declare 'III sums secured by this Mortgage to be immediately due' and
<br />payable and may . commence foreclosure of this Mortgage. by judicial proceedings; and, provided further"that upOn such
<br />default the Mortgagee; or a receiver appointe'd by a conrt; may at its option and without regard to the adequacyofthe
<br />secUlity, enter upon and take possession of the Property and collect the rents, issues and profits therefrom.'andapplythem
<br />flrsttothe c<>Stofcolleetion and operation of tb.. Pro!>"'rty and then upon the indebtedness seeurt>d by this Mortgag~;
<br />saJdrents, is.~ues and profits being" assigned to the Mortgagee as furtber security for the ,payment of the Indebtedness
<br />secured" bereby.
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<br />10. Transfer of Property. If all or any part of the Property is sold or transferred without the express written COD'
<br />sent of the Mortgagee, Mortgagee may at its sole option, declare all sums s..cured by this Mortgage to he immediately due,
<br />and payable,
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<br />11. Future Advances. Upon request of Mortgagor, Mortgagee may llllJ.ke additional and future advane""to
<br />Mortgagee: Such advances, with interest thereon, shall be secured by this Mortgage when evidenced by promissory notes
<br />stal:ingthatsald notes are secured hereby. At no time shalt the principal amount oHhe indehtednesssecuredby,this
<br />Mortgage,'uot Including sums adVllnced to protect the security of this Mortgage, exceed the original Note:
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<br />12. Miscellaneous Provisions.
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<br />(a) Any forebearance in exercising any right or r..medy shall not be a waiver thereof.
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<br />(b) AU remedies provided herein are distinct and cumulative to any other right afforded by law or equity,
<br />and may be exercised::oneurrenUy, independently or suce,",sively.
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<br />(el The. eov~nants and agreements contained herein shall bind. and the rights inure to. the respective
<br />successors and assigns of the Mortgagor and lh,> Mortgag"",
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<br />(d) All covenants and agreements of the Mortgagor an- joint and several.
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<br /><e) TIt.e headings of the paragraphs of thIS Mortgage are for comenienee only and shall not be used to inter.
<br />pret or define the provisions hereoL
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<br />13. Release. Upon payment of all sums ",,'ured by thi, Mortgage. !\long.g,-. shall discharge this Mortgage and
<br />shall ex<!Cute and deliver a satisfactory release therefor.
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<br />IN WITNESS WHEREOF, Mortgagor has .xecuted this Mortgag,. on lIw~. :3L. day of_.~ .___ ,19~,
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<br />lNIIIv MacoIG
<br />"'eo.... '-..... to ...
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<br />Borrower'
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<br />~te of Nebnl;ka, _.____.__,~l:~__
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<br />" County ss:
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<br />On this__~_day oC__._,.__~_~ . 19~__ bt'fore mt>, the undersigned, a Notary Public
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<br />duly commission..d and qualified for said (~unty. personally earn., _._J:~giel_Qonz.alelL@d CQ~__~_
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<br />Oonzales, Hm;;band and Wife _"____~____,'_____."____'____~.____, to me known to be the
<br />idilntiea1 pellioll.(s)wbose. name(s) are. subscribed to the foregoing instrument and acknowledged the execution thereof
<br />his and her
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<br />volJmtarY act and deed.
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<br />\\lltn~.tuY ttand andnotarial s.eJlt at _.__~_~~"d. I~~~~___ ____________- in said county, the
<br />date af~d;
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