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<br />7. Condemnation. In .the eve.nlthe Property, or any part thereof, shall. be taken by eminenl domain, the Mortpgeec
<br />IS empowered Iocollect.and receive all compensation which may be paid for any properly lakenor fur cWnages 10 properly.
<br />not laken"and Mortpgeecsballapply sutm. compensation, alits option, either 10 a reduction oftbe indebte!inesueeuljld'
<br />hereby 01' 10 repair and reslore the property so damaged.
<br />
<br />. . 8.PerfomiiUlce Ily Mortgagee. Mortgagee may, but shall have no obllgalion, 10 do any act wbiChth,;Moltgag~r
<br />hasaareed. but fails to do,arld Mort~ee m&yal60 do any act it deems. necessary to IIroteetthe. ~eIl h~reiif. .~,' ,
<br />ligree$. to repay,. upon dilmand, any sums soeX:pended by the Mortgagee for the abOvepurposeSiandany sums so- cxi'Cllded
<br />, by. tlte Mongagee shall. ~ ,added to. tbe . irldebtlldness secuJj!d hereby and become subject to the lien hereof; Mortg&g.ee'
<br />shall not 'incuranypenonalliability because of anytlJing it may door omillo do hereunder; .. . . . " "
<br />
<br />9. Default; A8signment of RaItt$. 'lime is oC.the essence hereof, and.upoilMortg8g~s.defliultirfanY'c.mnant'.,
<br />ougreellienl ofthis Mortgage; including covenants to pay when due the sums secured hy'this Mortgage;the'Mortgagee;~>'
<br />beenlllled; atlts 6Oleoption and withoulnotice, 10. declare. all sums secured by tbisMortgage.1o belmmedlately.dunud.' ,
<br />payable an.dmaycommenceforeclosureof this Mortgage by judicial proceedlngs;and,prOvldedfurlher,tIuitupon'Sucb'
<br />ck!f!oulttheMortgagee,or a receiver appolntel1by a court; may at.its option andwitboutreglird to tl!e:adequacy.of t.lte'
<br />security, enter upon. and take possession oC the Properly. and collect the rents, issues and profits therefrom and al'ply t:liem.:
<br />Ilotlo the cosl oCcolleclion and operation of the ProPtrtyand then upon the indeb~securedbY thiS,Mortgagee;
<br />silid rents,.issues and profits being assigned 10 IheMortgagee as further security for the payment of the indebtedness..,
<br />secured hereby.
<br />
<br />10. Transfer of ProPtrty. If all or any part of Ihe Properly is sold or transCerredwilliouttheexpress wrIttei1con-.
<br />sent of the Mortgagee, Mortgagee may at its sole option, declare all sums.secured by this Mortgage to be imlliedlalely due
<br />and payable.
<br />
<br />11. Future Advances. Upon request oC Mortgagor, Mortgagee may make addillonaIand. future advances '10,'
<br />Mortgagor. Such adVances,with intelCSlthereon, shall be secured by this Mortgage when evidenced bypromissory!lotes.
<br />stating that said notes are secured hereby, Al no time shall the principal amount of tbeindebtednaSs secured b.y this
<br />Mortgage, not including sums adVanced to protect the security of this Mortgage, exceed the origlnal,Nole.
<br />
<br />12. Miscellaneous Provisions.
<br />
<br />(a) Any forebearance in exercising any right or remedy shall nol be a waiver thereof.
<br />
<br />(b) All remedies prOvided herein are distinct and cumulative to any other right aCCorded by law or equity,
<br />and may be exercised concurrently I independently or successively.
<br />
<br />(c) Tbe covenants and agreements contained herein sball bind, and the rights. inure to, the lCSpeclive
<br />successors and assigns of the Mortgagor and the Mortgagee.
<br />
<br />(d) All covenants and agreements of the Mortgagor are joint and severaI.
<br />
<br />(e) The heading. of the paragraphs of this Mortgage are for convenience only and shall nol he used to inler-
<br />pret or define the provisions hereof.
<br />
<br />13. Release. Upon payment of ail sums secured by this Mortgage, Mortgagee shall discharge this Mortgage and
<br />shall execute and deliver a satisfactory release therefor.
<br />
<br />IN WITNESS WHEREOF, Mortgagor has execuled this Mortgage on the ~ da~ em be r ,19~.
<br />
<br />
<br />~~P~) ~-
<br />V~~~
<br />(Philomenia O. Pape) Borrow,",
<br />County ss;
<br />
<br />State of Nebraska,
<br />
<br />Hall
<br />
<br />OIllhis 28th day of September, 19JtL, beCore me, the undersigned, a Notary Public
<br />
<br />duly.col1lJllissioned.andqualin.d Corsaidcounly, personally came Robert O. Pape and PhilomeniaO.
<br />
<br />Pape, Husband and Wife ,tomeknowntobethe
<br />icll!nticalpelSOn(s) whose name(s) are subscribed to the foregoing Instrumenl and acknowledged the execution thereoC
<br />their
<br />
<br />voluntary .act and deed.
<br />
<br />WIln4sSmy hand and notarial seal at Grand
<br />dalf: aforesaid.
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