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<br />83- 005184
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<br />7. Condemnation. In the e.ent the Properly, or any part thereoC, shall be taken by eminent domain, the Mortgagee
<br />is empowered to collect and receive all compensation which may be paid Cor any properly taken or Cor damages to properly
<br />not taken, and Mortgagee shall apply such compensation, at its option, either to a reduction of the indebtedness secured
<br />hereby Dr to repair and restore tbe property so damaged.
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<br />8. Performance by Mortgagee. Mortgagee may, but shall ha.e no obligation, to do any act wbich the Morlga<<or
<br />bas agreed but fails to do, and Mortgagee may also do any act it deems necessary to protect the lien hereof. Mortgagor
<br />......torepay, upon de1l18l1d,any suins so e.xpended.by the Mortgagee Cor theaoove purposes, and any sums so exPl!nded
<br />by the Mortga.gee shall be added to the indebtedness secured hereby and becolne subject to the lien hereof: Mortgagee.
<br />shall not intur any personal liability because of aIIything it may do or olilit to do bereunder.
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<br />9. Default; Assignmentot Rents. Time is of the essence hereof, and upon Mortgagor's default in any CO"mlar.t
<br />ar agreement ot this Mortgage, including co.enants to pay when due the sums secured by thill MOrtgage, the Mortgageeahall
<br />be entitled, at its sole option and without notice, to declare a1lsUIIIS seCUNd by this Mortgage to be immediately due and
<br />payable and may commence Coreclosure oC this M"rtgajle by judicial proceedings; and, provided further, that upon auch
<br />default the Mortgagee, or a n!Ceiverappointed by a court, may at ita option and without regard to tbeadeqwlCY of the
<br />secllrity, enter lIpOD and take possession oC the Properly and collect the rents, issues and prolita tberefrom and apply tbem
<br />lil$l to tbe cost of collection and operation oC the Properly and then upon the indebtedne.. secured bythia Mortgagee;
<br />said rents, issues amlprolils being assigned to the Mortgagee as further security Cor the payment of the indebtedness
<br />secured, bereby.
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<br />10. TraMter of Property. It all or any part oC the Property i. .oId or tramfem>d without tbe e"press written con,
<br />sent of the Mortgagee, Mortgagee may at its sole option, declare all sums.'""'ured by this Mortgage to be immediately due
<br />and payable.
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<br />11; Future Advances. Upon request DC 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 sre secured hereby. At no time shall the principal amount of the indebtedness secureilby"this
<br />Morlgagt!, not including sums advanced to protect tbe security oC this Mortgage, exceed the original Note.
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<br />12. ~usPnwision~
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<br />(a) Any CDn!bearance in exercising any right or remedy shan not he a waiver thereof.
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<br />(b) Al! remedies provided berein are distinct and cumulati.e to any other right aCforded by law or equity,
<br />and may be exercised ..:o-ncurrently, independenUy or successively.
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<br />(c) Th. co'..mants and agreement. contained herein shall bind, and the rights inure to, the respecti.e
<br />successors and assigns oC tbe Mortgagor and the Mortgagee.
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<br />(d) All covenants and agreements of the Mortgagor are joint and ....ral.
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<br />(ej u... headings of the paragraplul DC this Mortgage are Cor convenience only and shall not be used to inter,
<br />pret or deline the provisions hereof.
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<br />13. Rere-. Upon payment of all sums secured by this Mortgage, Mortgage. shail discharge this Mortgage and
<br />shall e"""ute and deli.er a s.at.isCactory rele_ therefor.
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<br />Bouowet"
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<br />Bouow.,.r
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<br />~ ot Nebraska, ._~~.,,--~
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<br />On this --1.5.-__ day of
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<br />. 19-<l..l.-, hefore me, the undersigned, a Notary Public
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<br />S'lIf't ",-Tl~t'..:.r
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<br />duly <ODlluisIioned and qualified Cor said c<lunty, personally t"8llle
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<br />Unf]PY r P~<';:; nil' ,.'\ni~ N'Inr"y r >;'<::"C-I ni(
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<br />.,.._.,___________, to m. known to be the
<br />identieal pelSOn,s) wh_ name(s) are suh<cribed to the Coregoing instrument and acknowledged the execution thereof
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<br />~ be __~__ voluntary act and deed.
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<br />wu-roy hand and notarial.e~ at
<br /><late af~d.
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<br />My Commiasionl!J!,pjres;
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<br />Grand Igland~ NE
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<br />in said county t the
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<br />No-t.a:rT Public
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