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<br />. . 7c CCJDde~"n. .In tile event the Property, or any part thereof, shall be taken by eminent domain, the Mortgagee
<br />is1!mpowe...dto,eOIle<:hnd receive all cOOIll"nsation wbicbmay. be paid for any property taken or for damages to property
<br />11Ilt. taken",,"d<~~S\WI' apply such C4)mpe.'!S"tlon, at its option, either to a reductlon of the indebtedness secure<!
<br />lieteby l)f .torepll\r.uQ resto,re the proP1!rty so damaged.
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<br />,8.P~~ce.byMortpgee.Mort~ may, but shall have no obligation, to. do any act .wbicb. tbe Mortg811or
<br />lul;l; #<1* t'allno dl),andMortgagee,may aisodoany act it deems necessary to protect the lien hereof. MOngllgor
<br />~. {o repaY ,lipim<;lemalld,.aIlY sUms.80 eltpendedby the Mortgagee for the above purposes, and any sums so expended
<br />by tI1&-MO~ ,sbaIl be added to the indebtedness secure<! bereby and become subject to the lien bereof. Mortillll"
<br />shall not incur any personailiabllity because of anything it may do or omit to do hereunder.
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<br />. 9: Defliult;.A5signtne1lt of RefIts. Time is of tile essence hereof, and upon Mortgagor's default in any covenant
<br />or agreemant of this Mortgage; includillgcovenanta to pay when due th. sums secuJed hythls Mortgagtl, the .MortJPgee' shall
<br />l>e'el\titled; at Its sole option and without notice,to declare all sums secured by this Mortgage.tnbeimmedl8telydueand
<br />plyablJ! alld may commence foreclosure of tbJ5. Mortgllil" by judicial proceediugs; and, provided further, that upon such
<br />-default tM. Mortgagee, ora.lt!ceiYer appointed bya court, may at its option and without regard!o the adequacy of the
<br />security, enter upon and take posseosion of the Property and collect the renis,issues and profits theretrom.andaj)p1ytMm
<br />fiJStto the CO$l;' of colIedlou and operation of the Property and then upon. the Indebtedness seculed by this Mortgagee;
<br />said ",.>is, issues 1lJld profits being assigll~ to the Mortgagee as further security for the payment of the indebtedness
<br />securecI hereby.
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<br />10. 'l'ranSter of Property. If all or any part of the Property is sold or transferred witllout the express writteneon~
<br />sent of tM Mortgagee. Mortgag~ may at .ts sole option, d""l..... all sums .secure<! by this Mortgage to he immediately dUl>
<br />and payable.
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<br />11. Future Ad__ Upon request of Mortgagor, Mortgagee may make additional and Cut\U'e advances to
<br />Mortgagor. Sucll adWUlCeS, with interest theroon, shall be secured by this Mortgage when e'lideneed by promlssorynotes
<br />....ting that said notes are ~red he...by. At no time shall the principal amount of tM indebtednesssec_d by tbJ5
<br />Mortpce, not including su_advanced to protect the security of tills Mortgage, exceed tJu.. origin.al Note.
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<br />12. Mi&celI.......... ProYisIOO$.
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<br />(a) Any forebe_nce in exercising any right or remedy shall not be a wai""r tb.reof.
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<br />(bl All romedieJl provided he...in ... distind and cumulative to any other right attorded by law or .qulty,
<br />and may be exercised """cumntly, independently or su..,..."...ly,
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<br />te) The corenants and acreements conwn~ herein shall bind. and the rights inure to, tII. l1lSpet:tive
<br />.u~ and assigns of the Mottgacor and the Mortptee,
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<br />(d) All co...nants o.nd agreement> of th. Mortgaeor are joint and ..,..raL
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<br />to} The beadinJIII of the parqraphs of this M<>J1.pgr are for con........m:e ouly and sbaI1 not be \l&ed to inter.
<br />plS'1 or define the ptr>vi!iiom h....of.
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<br />13. ReIeaM. Upon pa~'tI1ent of all 'Ulm _ure<! by this Mortgage, Mortpgee sball disch..... this Mortgage and
<br />sbaI1 ex""""" and deliver I satisfa<.otm-y reI_ therefor,
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<br />fN WITNESS WHEREOF, Mo~ bas ...x.......""" thl> Mortcale on tile _A day of OCtobep9e;;L.
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<br />/~. '-. .' /. / /:'.:';' ///
<br />F//~... /... ,oF~: &r ,
<br />-. - ti 1 NeuYJert ao..ow...
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<br />8CaW of NebnIka,
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<br />Hal]
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<br />Brenda Neubert
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<br />.,..____._..._,_County iI:
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<br />-....
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<br />On thIs_
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<br />2Ql:b
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<br />day or ...
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<br />OctohAr
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<br />duly eommlIsIoD~ and qualified for said rounty. penoataIIy ~
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<br />Neubert , to me known to be the
<br />idealkal penon(lll WBOM' I18Ill*{s) aft' ",beeribe<i to tbe fon>tOinl instrument and acknow\edc!.'d the execution thereof
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<br />to be ---.!:!!~ and her voluntary act and deed.
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<br />19...83.... before me, th... undersigned, a Notaty Public
<br />Michael Neubert and Brenda
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<br />~ lIIS'. bantlandllOWiW ..at
<br />datA! aftlmllld .
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<br />Grand. Island
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<br />~. b..ald county, the
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