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<br />7. CondemnatiOn.. In the ev.ent the Property, or any part thereof, shall be taken by emlnellt domain, the Mortgagel"
<br />is empowered to collect and receiVe all compensation which may be paid for any property taken or for dall\liges to property
<br />IiQt takell,and'Mortgagee shall apply suchcompensation,'at its option, either 10 a.teductlonof the iildebtedneliS secUiett-
<br />hereby or to repair and restore the property so-damaged. -
<br />
<br />, 8. ,Penonmmce by Mortgagee. Mortgagee may, but shall have no obligation, to do any act. which -the Mortgailor
<br />bas' agre!!dllUt. fails _to do, and Mortgagee may also do any act it deems necessary to IJrotect t!telien I>!reof.Mongag!>r .
<br />agtees.torepay; u!'Pn demand, any surns so expended by the Mortgagee for the above purposes, and any.sums sO,expe'1ded
<br />by ;theMortgagee shallbeadded'to the indebtednllSS secured hereby and become sUbject to the lien hereof. ;Mortgagee -
<br />shall not incur any pelSOnal liability because of anything it may do or omit.to do hereunder. '
<br />
<br />9. Def8.ult; Assignment of Rents. Time is of the essence hereof, and upon Mortgagor's defaUlt In any covellaiit
<br />oragreementoHhis Mortgage, including covenants to pay when due the sums secured by thiS Murtgage,the Mortgageeshiill '
<br />be entitled, at its soil, option and Without notice, to declareall'sums secured by this MlIrtgageto bOimmediately diJl>and;
<br />payable and maycommelice foreclosure of this Mortgage by judielal proceedings; and; provided furihei,thatuPOl1SUCh
<br />'default the Mortgagee, ora receiver appointed by a court; may at its option and without regard to the' adeqnacy ofthe
<br />security; enter upon and take possession of the Property and collecltherents, issues and -profits thel'!'from an.d apply them
<br />rust to the. cost of collectiou and operation of the Property and then upon the indebtedness secured hy this Mortgagee;
<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. Tninsfer of Property, If all or any part of the Property is sold or transferred without the e"presSwrittimcon'
<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 />II. 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 />stiting that said notes are secured hereby. At no time shall the principal amount of the indebtedness secured!.y 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) 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,
<br />
<br />(d) AI! covenants and agreements of the Mortgagor are joint and several.
<br />
<br /><e) The headings of the paragraphs of this Mortgage are for convenience only and shail not be used to Inter,
<br />pret or define the provisions hereof.
<br />
<br />13. Release, Upon payment of all sums secured by this Mortgage, Mortgagee shall discharge this Mortgage and
<br />shall-execute- and deliver a satisfacto~:'Y release therefor.
<br />
<br />IN WITNESS WHEREOF, Mortgagor has executed this Mortgage on the ilith day of
<br />
<br />".October, 19~.
<br />
<br />(jJrJ/bo 1.), I~
<br />Walr D. Brown
<br />
<br />!~~~~
<br />Carolyn K. Brown
<br />
<br />Dol.rower:
<br />
<br />Borrower
<br />
<br />State of Nebraska,
<br />
<br />Hall
<br />
<br />County ss:
<br />
<br />On, this
<br />
<br />; ~th day of _ :" ,'OCtober
<br />
<br />, 19-.8;L,before me, the undersigned, a Notary Public
<br />
<br />duly.commission<:d and qualified for said county, personally came IV"ll "<'1'> n Rrown ~nrl r:"rol yn K
<br />
<br />aro,n, \Jnsbllnd lUld '\'THe , to me known to be the
<br />ic;\enticalperso!,(s) whose name(s) are subscribed to the foregoing instrument and acknowledged the execution thereof
<br />
<br />to be his and hfl1"
<br />
<br />voluntary act and deed.
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