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83003603
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Last modified
11/19/2008 2:29:48 PM
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11/19/2008 2:29:48 PM
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DEEDS
Inst Number
83003603
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<br /> <br />7. iConm.>mnation. In t..he event the Property, or any part thereof, shall be taken by eminent domain, the Mortgagee <br />is empowered to collect and receive all compensation which may be paid for any property taken or for damages to property <br />not, taken, and M.t)rtgagt!e shall apply such compensation, at its option, either to a reduction of the indebtedness secured <br />hereby:of to repair: and restore the property so dlmlaged. <br /> <br />8~ PedorinarieebyM may, but shall have no obligation, to do any act which the Mortg8l<01' <br />do,anlf . als.o do any act it deems necessary to protect the lien hereof. Mortgagor <br />eniand,any sums so expended by the Mortgagee for the above pU:rposes~ and any sums so expended <br />added. tOc'the ii1ldebl:edness secured h""reby and become subject to the lien hereof. Mortgagee <br />liability beeauseof anything it may do or omit to do hereunder. <br /> <br />Ii of Rents.. Timf! is orille essence hereof; and upon Mo or's default in any. covenant <br />including: cov.enants to. pay when due the sums the Mortgagee shall <br />and Without notice, to .declan> all sums secured by this Mortgage .to be immediately due and' <br />payable Midway c6mmencefQreclosure of this Mortgage by judicial proceedings; and, provided further, that upon such <br />default the Mortg~gee; or a receiver appointed by II: court, may at its option and without regard to the adequaeyof the <br />~urity,enteJ' UP()fl and take possession of the Property and: collect the rents, issues and profits then>from and apply them <br />.fiist to th<e cost ot' ooUection and operation of the Property and then upon the indebtedness secured by this Mortgagee; <br />.said rent!>, issues and profits being assigned to the Mortgagee as further security for the. payment of. the indebtedness <br />secured hereby. <br /> <br />10.. 'ftans1rer of Property. If all or any part of the Property is sold or transferred without the express written con- <br />sent of tb~, Mortgagee. Mortgagee may at its sole option, declare all sums secured by this Mortgage to be immediately due <br />and ~yable. <br /> <br />11.. future Advances. Upon request of Mortgagor, Mortgagee may make additional and future advances to <br />Mortgagor. Such ~ldvances,with interest thereon, shall be secured by this Mortgage when evidenced by promissory notes <br />statlngthlltt said 111.0tes are secured hereby.. At no time shall the principal amount of the indebtedness secured by.this <br />Mortgage,not including sums advanced to protect the security of this Mortgage, exceed the original Note. <br /> <br />12.; MiseelWleoUS Provisions. <br /> <br />la} Any forebea:rance 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 concurrently, independently or successively. <br /> <br />(e) The cownants and agreements contained herein shall bind, and the rights inure to, the respective <br />successors and assign.~ of the Mortgagor and the Mortgagee. <br /> <br />lid) All covenants and agreements of the Mortgagor are joint and several. <br /> <br />lie) The he.adlngs of the paragraphs of this Mortgage are ror convenience only and shall not be used to inter- <br />pret or define the provisions hen'or. <br /> <br />13.. 1!Wlelllle. Upon pllYmf!nt of all sums secun~d by this Mortgage, Mortgagee shall discharge this Mortgage and <br />shall exec~Itl:! aud deliver a satisfactory release therefor, <br /> <br />IN WITNESS WHf<;REOf, Mortgagor h8.'S executed this Mortgage on the .~Q__ day of ..._~._.._,_., 19 ..8l.. <br /> <br /> <br />Bo.rQwer <br /> <br /> <br />Borrowet <br /> <br />State of Nebraska. ss; <br /> <br /> <br />Om this ... 30tl:L__. day of 19..83_. before me, the undersigned, a Notary Public <br />duly comllLl~lSioneid and qualified for said county, per:sooaliycame Eugene Q......}Jhi te and }1ar y \lih} te <br />to me known to be the <br />the execution thereof <br /> <br />identical 1>e.!l'S(m(~I) whose name(ll) are. subscribed to the foregoing instrument and <br />to be _.,-_J;hei1:__ voluntary act and deed. <br /> <br />lti'.itlless m.~. hand and notarial <br />date afOre:said. <br /> <br /> <br />in said county, the <br /> <br /> <br />Notaly <br /> <br /> <br />
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