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<br />83-003638
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<br />83~446f
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<br />7. Condemnation. Inthe event. t.he Property, or any part. t.hereof, shall be taken by eminent domain, the Mortgagee
<br />is empowered to collect. and receive all compell6ation which may.be paid for any property taken or forclaJnageS tOProperiy
<br />not. ta!len, and Mortgagee shall apply such. compensation, at its option, either to a reduction of the indebtednesne(l!.ll'ed; .
<br />bereby or torepaJr,and restoret.he property so damaged.
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<br />
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<br />8. Per!o.-mance by MOrtgagee.Mortgagee may, but shall have no obligation, to do any act whlchthe.Mi)rtp,/Ot
<br />has~dbut falls to do, and Mor1;gagee may also do any. act it del!ms nl!CeSSalytop'rotectt.he lienbereof.MOr1:l/age>>;'.
<br />~.,to repay,. upon deD1and,.any sums so expend~ by the Mortgagee fO\: t.h'1 abOve purposes, and any sumsso~xJijandl!d'
<br />b~.' t.heMoitgageeshall be .added . to the indebtednessseeured hereby and become. subject to the Iienhl!rellf; M()~ .
<br />shall not Incur any personal liability because of anything it may do or omit to do hereunder. '
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<br />9; Default; Assignment of Rents. Time is of the essence hereof, and upon Mortgagor's defllultitl any1:tl...eriant
<br />or>agreement of this Mortgage, includingcovemmts to pay when due the sums secured by this M~,'theMortgagee'slJaIj:.
<br />beentltled,atlts sole option and without notice, to declare all sums secured by this Mortgage to be immedlately'due'andn
<br />pi!yableand may commence foreclosure of this Mortgage. by judicial proceedings; and,' provided further, thlltuponsuc:lr:
<br />defllult the Mortg&gee, or a receiver appointed by a court, may at its option and without regard to the adequllcyof the.
<br />security,enterupon and take possession of the Property and collect the rents, Issues and profits therefromaDlbpplythem
<br />first to the cost of collection and operation of the Property and t.hen upon the indebtedness secured by thIsMort~;
<br />said rents, Issues and profits being assigped to the Mortgagee as further security for the payment .of the indebtedness
<br />seeuredhereby.
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<br />10; Transfer of Property. If all or any part of the Property Is sold or transferred without the express written con;'
<br />santo! the Mortgagee, Mortgagee may at its sole option, declare all sums.secured by this Mortgage to be Immediately due
<br />and payable.
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<br />11. 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 promissory notes
<br />stating that said notes are secured hereby. At no time shall the principal amount of tbe indebtedneSs seeuleQ by this
<br />Mortgage, not including sums advanced to protect the security of this Mortgage, exceed the original Note.
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<br />12. Miscellaneous Provisions.
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<br />(a) Any forebearance in exercising any right or remedy shall not be a waiver thereof.
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<br />(b) All remedies provided herein are distinct and cumulative to any other right afforded by law or equity,
<br />and may be exercised ~oncurrently, Independently or successively.
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<br />(c) The covenants and agreements contained herein shall bind, and the rights inure to, the respective
<br />successors and assigns of the Mortgagor and the Mortgagee.
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<br />(d) All covenants and agreements of the Mortgagor are joint and several.
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<br />(e) The headings of the paragraphs of this Mortgage are for convenience ouly and shall not he used to inter-
<br />pret or define t.he provisions hereof.
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<br />13. Release. Upon payment of all sums secured by this Mortgage, Mortgagee shall discharge this Mortgage and
<br />shall execute and deliver a satisfactory release therefor.
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<br />IN WITNESS WHEREOF, Mortgagor has exeeuted~~_Af~ on ~~~}\'~bf Jul v
<br />
<br />~ . ) ","(N.;..j."~
<br />'ell' . Husen)
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<br />,1~.
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<br />Bouower
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<br />Boaowel
<br />
<br />State ot Neblllllka,
<br />
<br />Hall
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<br />County ss:
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<br />On this 7th day of .Jill Y . 1~, before me, the undersigned, a Notary Public
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<br />duly commissioned and qualified for said county, personally came Steven L. Husen
<br />
<br />to be
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<br />, to me known to he the
<br />identical person(s} .whose name(s) are subscribed to the foregoing instrument and acknowledged the execution thereof
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<br />his
<br />
<br />voluntary act and deed.
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<br />Witness my hand and notarial seal at
<br />date aforesaid .
<br />
<br />Grand Island. NE
<br />
<br />in said county, the
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<br />My ComlnlssionexPires. ..:. , .. . .'. .. 7J?~ q ~
<br />.....__........... . r -- ;?o,~
<br />6. lio\i&i"
<br />~---.......-
<br />(Space 1.lelow 1'bla Line _eel .Fo. Lender awl Recouler)
<br />
<br />Notary Public
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<br />
<br />lOlil()l~Ii'lf.!~ 2/l1lf;-- t,r.n'H'>
<br />,.
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