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<br />7~icOnllemtlatlon'In the ev.ent the Property, or any part thereof, shall be taken by eminent domain, theMortgage\l
<br />is iiu,I~etjdto Collect,and~veallCompensatiO/l which may be paid for any property taken orCor damages to property
<br />not.b1ken,.81IdMoftJllgeeshallappiysuchcompensation, at its option, either toa reductiO/l of the indebtedness secured
<br />herebY or to repair8lldrestQre the. property .sodamaged.
<br />
<br />. . ......$.Pt!ifo~In!XfDyMiirtg~.Mortgagee. may, but shallhavenoobligation, to do any ~ct whichth!,' Moltpj(ot
<br />.1lli9. .~~b~tfailsto'~.\and'ld?~.mayIilSO do any. act itdeemsnecessary to. ".otectthe lien hereOf,Mtlit~oi
<br />~.tO'reJlatruJlO!idem...d, anysumssoexpeildedby the Mortpgee f<.lr the abovepllrptisell,imdany ~insSo expell~d
<br />hY'~~~.sh811beaadedto.thelndelltedneSsseCuredhereby ....'dbeeohlesilbjeCt tothelien.hereot;Md~
<br />sIllUlllot~neiU'8lIypetson8lliabmty becaUse'of anythingit may do or omit to dQhereunem.. .
<br />
<br />.~.DetaUlt;~ofRents.'.Timais of thef!S$Cllce hereof,' and upon Mortpgol's defaIilHI1~Y!JO~~t '.
<br />. or&gnlement of tbi&Mortgage, including~ovenants to pay when duethe sumsSeeullldbythis'~,the.Mo~a~'-
<br />beentitled,at its sole option and without notice, to d~areall SUms secured by this Mortgage.tolle~ediatelyduell!ld.. ..
<br />payable andnayeommenceforeclOSUIe of this Moi:tgage by judicfalproceedings; and, proviemdfurtJulr; thatup?"'sUcll. .
<br />defaulttheMortgBgee, ora receiverappolnted by a rourt, may at its option and without reprdto theadeq1la.jyoftlie
<br />see\Uity, enter upon and ~e possession of the Property and collect the rents, issues andprofitstherefrOl!l ancl lIPl'lY them
<br />fI,st to the ~to.tOOlleetiQtl and operation of tbll Property and then upon the indebtedness seculedbytbis M~;
<br />sald refits, isSues and profits being assigned to the Mortgagell as fUrthenecurlty for the paymllnt of .the in~tedness
<br />secured hereby.
<br />
<br />10., Ttalister of Property. If all or any part of the Property Is sold or transterredwitboUt thll expresswritteucon.'
<br />sent oftheMortgllgee, Mortgagee may at Its sole option, declare all sums .secured by this Mortgage to be immediately due.
<br />and payable.
<br />
<br />11. Future Adv8DceL Upon request of Mortgagor, Mortgagee may make additional and futureadvance&<to
<br />MrirtgIIgor. SUch advances, with Interest thereon, shall be secured by this Mortgage when evidenced by promissl>l'Y ",otes
<br />stating that. said notes are seeured bereby. At no time shall the principal amount of the indebtedness secured by this
<br />Mortpge, not Including sums advanced to protect the security of this Mortgage, exceed the original Note.
<br />
<br />12. . Mlf;eellaneous ProvisIons.
<br />
<br />
<br />"
<br />
<br />
<br />(a) Any forebearanee in exercising any right or remedy shall not be a waiver thereof.
<br />
<br />(b) All remedies provided berein are distinct and cumulative to any other right afforded by law or equity,
<br />and may be exerclsedcooCl1m!ntIy, independently or successively.
<br />
<br />(c) The coycnants and agreements contained berein shall bind, and the rights inure to, the respective
<br />SUCCi'llIOI'S and assigns of the Mortgagor and the Mortpgee.
<br />
<br />(d) All covenants and aglt!emllnts of the Mortgagor are joint and several.
<br />
<br />(Il) The beadings of the paragraphs of this Mortgage are for convenience only and shall not be used to intel'
<br />smt or define the provisions bereof.
<br />
<br />13. aere-. Upon payment of all sums secured by tbis Mortpce, Mortgagee shall discharge this Mortgage and
<br />sbal.1 execute and deliv"r a satisfactory rel_ therefor.
<br />
<br />IN WITNESS WHEREOF, Mortgagor bas executed this Mortpp OIl the.it..- day of F,.h
<br />
<br />State of N.braIka,
<br />
<br />On thl$ '1 th
<br />
<br />, 19!U-.
<br />
<br />.~ t!. ~7
<br />
<br />(Th~~_~ E. Hoeft) . /" ,Bo4rower-
<br />
<br />/(i-e~;;;{ .Tl~el~~ll~e.{t) / ~:/T' 8ouo....
<br />
<br />Hall
<br />
<br />County as:
<br />
<br />day 01 Februarv
<br />
<br />19.JiL, befOnl me, the undenigned, a Notary Public
<br />
<br />duly ~OIled and. qualUled lor sahhounty, peuona\ly came
<br />
<br />Tbnll'?i l' Hn<;th ",,<I Jl~Uy T
<br />
<br />to be
<br />
<br />TJ;~~!1l~p. HQef1; , to me known to be the
<br />i~~ peuoo(s) whtl6e.. name(:s) are sub&cribed to the 100000oln& instrUment an.d acknowledpd the execution thereof
<br />
<br />their vo\:Untary act and deed.
<br />W~.YhPdan4 aOl$iallilllht Grand Island. 1''8
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