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<br />7. CoIIdemnatiOll; In the eyent the Property, or any part thereof, shall be taken by eminent domain, the Mortgagee
<br />iselllpOWered to eoIIeet and reeeive all compensation whIeb may be paid for any property taken or for damages to property
<br />noUaken, andMortgag\!e shall apply web compensation, at its option, either to a reduction of the indebtedness secured
<br />lit!reby or to repaii andrestOrethti property so damaged.
<br />
<br />ll. ~.by Mortppe. Mo~ may, butshaII have no obligation, to do any act which theMort~
<br />har~ b1lHallalo do;andM~maya!lo d01Ulyact It deems necessary to protect the lien hereof. Mottpgor
<br />aplfttolepa)", upoo.demllnd,alJY Wlllno expl!llded by the ~fol: the aoo'" purposes, and any sums so expended
<br />by U1e~-sbalfbe added to ~elndebtedBeu secured. hereby and become subject to tbe lien hereof. Mortgagee
<br />.... iIot Incur any person8IJilblllty becavaeof anything It may do or omit to do he,reunder.
<br />
<br />$. DetlilUt;. ~t of ReDu. TilDe Is of the essenee hereof, and upon Mottpgor's default In any covenant
<br />or~tofthi!; Mortgllp,lncllldlngeownants to pay when due the sums seclln!d by this M~, the Mortgllgl!e shall
<br />be entitled, at Its sole op:!(\Il.and witbout notie.!, to deci_ all sums secured by this Mortgage 10 be Immediately due and
<br />payable andllllly commence fONcllllrUl\! of this Molt... by judicial proceedings; and, provided further, that upon such
<br />default the Mortpgt!e, or . rooejver appointed by a court, may at its option and without reprd to the adequacy of the
<br />seeuritJ. enter upon and take polIlICISIion of the Property and collect the nmts, Issut!$ and protitstherefrom and apply them
<br />lJut to the 005t of eollect/onand operation of the Property and then upon the indebtedness secured by thls Mortgagee;
<br />said, rems, ~ and proflta being assigned to the Mortgagee as further security for the payment of the indelmldness
<br />secured benlby.
<br />
<br />10. Traaster of Property. If all or any part of the Property Is sold or transferred without the express written con-
<br />sent of the M~. MOltJIift may at its sole option, declare all sums secured by this Mortpge to be immediately due
<br />aDd payable.
<br />
<br />11, 'uture A~ Upon requt!$t of Mortpcor, Mortgagee may make additional and future advances to
<br />MortgAl'>r. Such ~, with in_t thereon, shall be ~ by thi$ Mortgace when efldenced by promlssory notes
<br />$fating that Wd notes a", oeeured beNby_ At no ti_ shall the principal amount of the indebtednestl ~ by this
<br />Mottpp, not including sums adYanaKI to protect tbe SffUrity of this Mortpge, exeeed the original Note.
<br />
<br />12. )If;;,.,.\l'~f"l. I'nwWcms.
<br />
<br />(a} My fOft!~ in "Ju,rcislng any rigllt or remedy sllall not be a waiver thereof.
<br />
<br />(b' .>\lltt'lM'dift prondOO he~ are distin"t and cumulaUft to any other ript afforded by law or equity,
<br />and may bt> eUt'ciRd con<:umntly, independently or sueeeosiyt'ly.
<br />
<br />Icl 'l1le _1.5 and ~u containtod 1I......n ,hall bind, and th.. rights inure to, the respecli'le
<br />s_ and UlIlpI of the Mortpaor and the MortplH.
<br />
<br />(dl All CO'Ion&ntli Uld agrMments of the Mortp&or an> JOint and ",vera!.
<br />
<br />/e' Tlu.> bftdinp of the panpp/ls of this Mortgll&t! am for COOV\>niellff only and shall not be used to inter.
<br />prelor lktJne the proyltlom 1I......or.
<br />
<br />13. ~ Upon payment (>f all .\lIDS _Uftd by ih.. MOrtPCll, M~ llhall discharp this Mortpae and
<br />silaIl ",,_tOI and deIi_ a Iill!ii\~~ m... the..dor.
<br />
<br />IN WITNESS WHEREOf. Moncaeor has ..,,_1110 this Mot1pp on the ~day of _---->.I~, 19 J:l3......
<br />
<br />:) C { <..~, 7'1 ()r,:. 'r
<br />._~,t'l '\ 1./ ""'.'<46 ~
<br />','UTYn n. O]oon .,---- ---0;..-;;;;;;
<br />
<br /><<,--!.-~~,t~_:"~.~.~ ..;.' .t.l\
<br />Virl!;ini$. i\. Olson' _we<
<br />
<br />S&I&e of ~ __llall_____,._...._,._,.,..,_._,_____,_,County $&;
<br />
<br />On thll__28th day 01 _ .July _,_____ 19~~, bo!fore me, the undenlped, a Nolary Publlc
<br />
<br />dIIIJ ~ IIIld q\lfIIitied. fouaJd OO\IIlty, ~y _ All vn D. Olson and Virginia A. Olson ,
<br />
<br />Husband and Wife ________,______. to me- known to be the
<br />i4elltlClll ~5) w~ l\JlIIl\>(sj _ subM:ribed to the ftJrl!tQing instrument and IICknowledged tbe ex_lion thereof
<br />
<br />to.. __~_~ her __ <OI1In1llly act aDd deed.
<br />
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<br />Wi.. my ll1lIIlI ud~_ at
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<br />Grand Island, Nebraska
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