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<br />83-003978
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<br />4, In the event the Property, or any part thereof, shall be taken by eminent
<br />dolllllin.tl'le/>tortgageeis empowered to collect and receiVeaH'CiOjupensation which
<br />may >be paid for any property taken or for damages to property not taken, and Mortgagee
<br />Shall apply such compensation, at its option, either to a reduction of the indebtedness
<br />secured hereby or to repair and restore the property so damaged.
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<br />5, Mortgagee may, but shall have no obligation, to do any act which the 11ortgagor
<br />hilS agreed but fans to do,and~lOrtgageemayalso do any act it deemsnec~s~aryto
<br />Pro1:ec.ttheli~nhereof. MOrtgagor agrees . to repay, upon demand, any Sl:ll1lSS0 eXPended
<br />bytllel-brtgagee for the above purposes, and any sums so expended by the Mortgagee
<br />shall be added to the indebtedness secured hereby and become subject to the lien
<br />hereof: Mortgagee shaH not incur any personal liability because of anything it
<br />may .40. or omit to do hereunder,
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<br />6, Time is the essence hereof, and upon Mortgagor' 5 default in any covenant
<br />or agre~t of this Mortgage, including covenants to pay when due the sums secured
<br />by tnisMortgage. the Mortgagee shall be entitled, at its sole option and without
<br />notice, to declare all sums secured by this 110rtgage to be inlnediately due and
<br />payable and maycoll1!lence foreclosure of this ~lortgage by judicial proceedings;
<br />an~, provided further, that upon such default the Mortgagee, or a receiver
<br />appointed by a court, may at its option and without regard to the adequacy of the
<br />security, enter upon and take posseSsion of the Property and collect the rents,
<br />issues and profits therefrom and apply them fil'st to the cost of collection and
<br />operation of the Property and then upon the indebtedness secured by this Mortgage;
<br />said rents, issues and profits being assigned to the Mortgagee as further secur'Hy
<br />for the payment of the indebtedness secured hen'!by,
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<br />7. If all or any part of the property is sold or transferred without the express
<br />written consent of the Mortgagee, Mortgagor may at its sole option, declar'e all sums
<br />secured by this Mortgage to be immediately due and payable,
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<br />8. Any forebearance in exercising any eight or' .'emedy shall not be a waivel' then!of.
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<br />9. All remedies provided herein are distinct and cumulative to any othel' ,'iqht
<br />afforded by law or equity, and may be exercised concunently, independently or
<br />success; vely.
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<br />10. The covenant~, and ,10reement: ,~')ntair\ed herein ;,h<11 i oind, dnd all !'1<)hts
<br />inure to, the respective SUCCeSsors and i!ssigns of the ~1o,.tq,190r and the ~1()r't9agee,
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<br />11. All covenants dno dgreel1lents Qi the ,'bnqagor and the ~,1()ngdgee d l'l' JOI n t
<br />and severaL
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<br />12, Upon payment of all sums secured by th15 :'4ortgiJge, :'lortgdgee Shd] I dischdl'ge
<br />this Mortgage and shall execute and de] iver a satisfilctol'Y release iher'efol',
<br />..,....,
<br />IN WITNESS WHEREOF, MortgilgOI' hilS executed ihi;, r'~)rt9dge on the.;;ff day of
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<br />Jut} ~, 19a;L_,.,
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<br />~t.trl~-~_...
<br />Larry E. lamy
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<br />,._;~.-! -C!;~'7 .-. , .. --
<br />Alice M. BellafflY
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<br />STATE OF NEBRASKA. Itall__ County ss:
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<br />On this.::l1!- day of _~~_____, 19 83-.' before if." the undersi<)ned, it
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<br />Notary Publ ic duly COllIlliss ioned and qual i fied for sai d county, persona 11y Cdllle
<br />LarryE. kll_ and AlieeM. Bellamy,
<br />l:I!1~~"~Wife ______.______._., to Ille kno\'/n to be the identical
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<br />PlIlJ'$Qn$ wIlosenam&S are subscribed to the foregoing instrument dnd dcknowledqed the
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<br />e~(l,l'tlon thet"fJOf tQ be their voluntary act and deed,
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