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<br />7. Condemnation. lnthe event the Property, or any part thereof, shall he taken by eminent domain, the Mortgagee
<br />Is empowered to collect and receive all compensation which may he paid for any property taken or for damages to property
<br />not taken, and Mortgagee. shall apply such compensation, at its option, either to a reduction of the indebtedness secured
<br />berebyor to. repair and restore the property so damaged.
<br />
<br />8. P~ormanee. by Mortgagee. Mortgagee may, but shall have no obligation, to do any act which the Mortg8jlOr
<br />has agreed but fails to do, and Mortgagee may aIsodo any act it deems neceasary to protect the lien hereof. Mortgagor
<br />agrees to repay, upon lIemand, any sums so expended by the Mortgagee for the above purposes; and any sumHoexpended
<br />by the Mortgagee shall be added to the indebtedness secured hereby and become subject to the lien hereof. Mortgagee
<br />shall not incur any pel'llOnalliability bl!cause of anytbing it may do or omit to do hereunder.
<br />
<br />9. IJefault; ASsignment of Rents. Time Is of the essence hereof, and upon Mortgagor's default in any covenant
<br />or agreement of this Mortgage, including covenants to pay wben due the sums secured by this Mortgage, the Mortgagee shall
<br />be entitled, at its sole option and without notice, to declare all sums secured by this Mortgage .to be Immediately due and
<br />payable and may commence foreclosure of this Mortgage by judicial proceedings; and, provided furtber, that upon such
<br />default the Mortgagee, or a receiver 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, issues and profitstherefJom and apply. tbem
<br />first to the cost of collection and operation of the Property and then upon the indebtedness secured by this Mortgagee;
<br />said rents, issues and profits being assigned to the Mortgagee as further security for the payment of the indebtedness
<br />secured bereby.
<br />
<br />10. Transfer of Property. If all or any part of the Property is sold or transferred witbout 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 />and payable.
<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 he 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 secured by this
<br />Mortgage, not including sums advanced to protect the security of this Mortgage, exceed the original Note.
<br />
<br />12. Miseellaneous 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 ooncurrenUy, independently or successively.
<br />
<br />(c) The covenants and agreements contained herein shall bind, and the rights inure to, tbe respective
<br />successors and assigns of the Mortgagor and the Mortgagee.
<br />
<br />(d) All covenants and agreements of the Mortgagor are joint and several.
<br />
<br />(e) The headings of the paragraphs of this Mortgage are for convenience only and shall not he used to inter.
<br />pret or define the provisions hereof.
<br />
<br />13. Release. Upon payment of all sums secured by this Mortgage, Mortgagt't' shall discharge this Mortgage and
<br />shall execute and deliver a satis!actmy release therefor,
<br />
<br />IN WITNESS WHEREOF, Mortgagor has executed this Mortgage on the 15thiay of
<br />
<br />August ,19~.
<br />
<br />~/~/
<br />, ,.. ~":"$/ -.-f..>':ZEr... /
<br />'u F". Wil~n .
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<br />~laiine WIlson
<br />
<br />Boj.tOwU-
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<br />
<br />Bonow~
<br />
<br />Sta&. of Nebruka,
<br />
<br />Hall
<br />
<br />__C<>unty ss:
<br />
<br />On tIlis 15th _ day of
<br />
<br />August
<br />
<br />19 -8:L, before me, the undersigned, a Notary Public
<br />
<br />dilly rommi&aioned and q,*ifled for said county, personally c.ame Hal F. Wilson and ~tarianne Wilson.
<br />
<br />Husband and Wife , to me known to he the
<br />id'mtieal person(s) wbose name(s) are subscribed to the foregoing instrument and acknowledged the execution thereof
<br />
<br />to be hi s and her voluntalY act and deed.
<br />
<br />WitD;a my band and notarial seal at Grand Island, Nebraska in said county. the
<br />dUe aforesaid.
<br />
<br />My ConulJIssiOIl expires:
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