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<br />7. Condemnation. In the event the Property, or any part thereof, shall be taken by eminent domain,theMortgagee
<br />is empowered to collect and receive all compensation whiCh may be paid for any property taken or. for dantllges to propertY
<br />not taken, and Mortgagee shall> apply such compensation, at its option, either to a reduction of the indebtedness secured'
<br />hereby or to repair and restore the property so damaged; ... . "
<br />
<br />8; Performance by . Mo~llgee; Mortgagee. may, bilt shall have no obligation,. to do any act which ,the Mort~or
<br />has agreed b~t faUs to do, and Mortgagee may also do any act it deems necessary to prottlctthe,iien hereof;MO~~r
<br />agrees to repay,.upondemand;.any SU1'l!Ssoexpended by the Mortgage_for the above purposes, and any sUmll so ei<pI!nded'
<br />byilleMortgagee. shall be added.to. the indebtedness secured hereby and . become subjectt<>the . lien >hel!Wf, .14~~, >
<br />sllallnot incur any. personalUability because of anything it may do or omiUo do hereunder.. .
<br />
<br />9..Derault; Assignment of Rents. Time is'.ofthe essence hereof, and upon M6rtgagor~sdefailltilianyC()~.~t',
<br />or agreement of this Mortgage, including covenants to pay when due the sums secured by this Mortgag~;the' Mi)rtgageesliall
<br />be entitled, at its sole option and without notice, to'declare all sums secured 'by this Mortgage.to be Imnielliatelydtie"llnd'
<br />payable and, may commence foreclosure of this Mortgage by judicialpr<>ceedings; al1d,' provided furtlrer, that 'u~such
<br />defaulnhe Mortgagee, or a receiver appointed by a court; may at its.option and' without regard to'the adequacy'oUlie'
<br />security, enter upon and take possession of the Property and collect the rents, issues and profitStherefrom,and'applyth.n1
<br />first to the cost of collection and operation oftheProperty and then. upon theindebtellnesssecuted'bythis,Mortgagee;.
<br />said rentS, issues and profitS being assigned to the Mortgagee as further security for the. paymento! tlteindebtedneSs
<br />secured hereby.
<br />
<br />10. Transfer of Property. If all or any part,of the Property is sold or transferred without the eXp_writtel1~91i-
<br />sent of the Mortgagee, Mortgagee may at itS sole option, declare a1I sums ,secured by this Mortgage to. be immediatelY,d,!e
<br />arid payable.
<br />
<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 oy this Mortgage when evidenced by promlssoryn.otes
<br />stating that said notes are secured hereby. At no time shall the princlpal amount of the indebtedness secured'i:,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 I independently or successively.
<br />
<br />(cJ 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) All covenants and agreements of the Mortgagor are joint and several.
<br />
<br />(eJ The headings of the paragraphs of this Mortgage are for convenience only and shall 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 shalt discharge. this Mortgage and
<br />shall execute and deliver a satisfactory retease therefor.
<br />
<br />IN WITNESS WHEREOF, Mortgagor has executed this Mortgage on the 3rd day of
<br />
<br />October ,19~.
<br />
<br />')
<br />/~~-".At:.-<'" Jt-~'''''l</'\_/
<br />Jollfl . ,0 an
<br />
<br />BOlrower:
<br />
<br />2~~Ad' 'v ~~/
<br />Vera A. Nolan
<br />
<br />Borrower
<br />
<br />State of Nebraska,
<br />
<br />Hall
<br />
<br />County ss:
<br />
<br />On this 3rd day of October , 19~, before me, the undersigned, a Notary Public
<br />duly commissioned and qualified for said county, personally came John W. Nolan and Vera A. Nolan ,
<br />HusblUld aIid Wife
<br />
<br />, to me known to -be the
<br />identical pelSOl1(S) whose name(s) are subscribed to the foregoing instrument and acknowledged the execution thereof
<br />
<br />his and her
<br />
<br />i<>be
<br />
<br />voluntary act an.d deed.
<br />
<br />Witness my hand and notarial seal at
<br />date. aforesaid .
<br />
<br />My Commission expires:
<br />
<br />Grand Island, Nebraska
<br />
<br />i1) said county, the
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