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<br />I
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<br />7. Condemnation. ~n the eventtheProperty, or any part thereof, shall be taken by eminent domain, the Mortgagee
<br />iSempowered'to collect and receive all compensation which may be paid for any property taken or for damages to property
<br />notitaken,and Mongag'eeshaUapply suCh compensation, at its: option, either to a reduction of the indebtedlfl!6Ssecured
<br />hereby or to repairand restore the property so damaged.
<br />
<br />8~ l'~ormance by Mortgagee, MOrtgagel<may; but shall ha.ve no obligation, to.do any act which the Mortgallor
<br />has'.~dbutwls t?do, aDd Mortgagee mayaloodo any act it deems necessary to protect the lien hereof. Mortgligqr
<br />~t?re:l'lly,Jlponliemand, anY sums so expended. by the Mortgagee for the ahovepurposes, and any. sums.so expended
<br />\)ythe. Motil/agee stiall...JJe . added to tJieindebtedness. 8eC.ured .berebypr,<l become SUbject to the lien. hereof. ,Mortgagee .
<br />shai!notincufanypersonalliability becauseof'anything it may do or omit \'0 do hereunder. '
<br />
<br />9. Default; Assignment of Rents. Tifue Is of the essence hereof, and upon Mortgagor's defawtin any covellant
<br />or al!re~mentoUhis Mortgage, including covenants to pay when due the sums secured by this Mortgage, .the Mortg'agee'sbII1l
<br />be entitled, at its sole option and without notice, todeelare all sums secured by this Mortgage .to be immediately due and
<br />payable and may commence foreeloSllre. ofthls Mortgage by judicial proceedings; and, provided further, that upOn SUl!h
<br />defaqlt the Mortgagee, or a receiver appointed by a court, may at its option and without regard to the adequacy oftbe'
<br />seeurity,enter upon and take possession of the Property and collect the rents, issues and profits thereftom:andapplythem
<br />fiIstto the cost of collection.and opeiation of the Property and then upon the indebtedness secured.by.tbIsMortg'agee;
<br />said rents, issues and profits being assigned. to the Mortgagee as further security for the payment of the: indebtedness
<br />secured hereby.
<br />
<br />10. Transfer of Property. If all or any part of the Property is sold or transferred without the expresS written.coll-'
<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 />n. Future Advances. Upon request of Mortgagor, Mortgagee may make additional and future adVances to
<br />Mortgagor. Such advances, with interest thereon, shall be secured by this Mortgage when evidenced by promlSsory notes
<br />stating that said notes are secured herehy. At no time shall the principal amount of the indebtedness secun!dby'this
<br />Mortgage, not including sums advanced to protect the security of this Mortgage, exceed the original Note.
<br />
<br />12. Miscellaneous Provisions.
<br />
<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 concurrently, independently or successively.
<br />
<br />(c) Tbe covenants and agreements contained herein shall bind, and the rights inure to, the 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 cOllvenience only and shall not be used to inter-
<br />pret or define the provisions hereof.
<br />
<br />13_ ReI_. Upon payment of all sums secured by this Mortgage, Mortgagee shall discharge this Mortgage and
<br />shall execute and deliver a satisfactol'Y release therefor.
<br />
<br />IN WITNESS WHEREOI<" Mortgagor has execut<,d this M?rgage on the ~ day of August , 19 ~.
<br />
<br />1'-// () III
<br />J .v
<br />
<br />
<br />Bouower~
<br />
<br />/
<br />
<br />Borrower
<br />
<br />State of Nebraska,
<br />
<br />Hall
<br />
<br />County ss:
<br />
<br />On this
<br />
<br />12
<br />
<br />day of
<br />
<br />August
<br />
<br />, 19 83 ,before me, the undersigned, a Notary Public
<br />
<br />duly commissioned and qualified for said county, personally came
<br />Husband and Wife
<br />
<br />(''''''I"H 1 rJ W
<br />
<br />.Tonp_q and Rhamn R
<br />
<br />~Ton~R,
<br />
<br />, to me known to be the
<br />Identical pelSon(s) whose name(s) are subscribed to the foregoing instrument and acknowledged the execution thereof
<br />
<br />his and her voluntary act and deed.
<br />
<br />\A;lbJl
<br />
<br />Wl~ my hand and notarial seal at
<br />date aforesaid.
<br />
<br />G'l"HnrJ T~lanrJ, NPh~a~ka
<br />
<br />
<br />J/1/)
<br />// ( CZU/
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<br />1/
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<br />
<br />tn said county. the
<br />!'/
<br />IL~' .r./ -'--'
<br />t-~~/L-.c:R:-.-e:~/
<br />
<br />Notary Public
<br />
<br />(SPace 1kl(Y.,N This J..J.fte Reserved For Lendet" and RKi)fder)
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