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<br />1. Condemnation. In the event the Property, or any part thereof, shall be taken by eminent domain, the Mortgagee
<br />is empowered to colleetand receive all compensation which may be. paid for any property .taken or for damages to property
<br />not taken, and Mortgagee shall apply such compensation, at lis option, either to neduction of the Indebtedness secured
<br />hereby or to repair and restore. the property so damaged.
<br />
<br />8. Pi!rform~ by Mortgagee. Mortgagee may, but sball have no obligation, to do any act which the Mol'tgajlor
<br />Iuu;' qree<i. but fails to. do, and Mortgagee may also do any act It deems necessary to pro_the lien hereof; M~r
<br />agrees torepey, upon demand, any.sumsso expended by the Mortgagee for the above pulp06l!s, and any sums so expended
<br />by. the MortgageeslUlll be added to the indebtedness secured hereby and becomesub~to the lien bereof. Mortgagee
<br />sbaII not IncUr any jJersonalliablllty because of anything it may do or omit to do hereunder.
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<br />9. Default; Aslligmnent of Rents. Time is of the essence bereof, and upon Mortgagor's default in any'covenant
<br />or.......ment of this Mortgage, induding covenants to pay wben due the sums secured by this Mortgaga, tbe Mortgagee shall
<br />be entitled,at lis sole option and withoutnotl..., to dedare a1lsUDlS se.cured by tbls Mortgage:to be Immediately due and
<br />payable and may conunence foreclosure of this. Mortgage by judicilil proceedil1Jlll; and, provided further, that upoll such':
<br />default tbe Mortgagee, or a receiver appointed by a court, may at ils option and wlthout regvd to the aclequaey of the
<br />security, enter upon and take possession of the Property and cnllect the rents,rssuesand prolltstheretrom and apply them
<br />lllSt to tbe cost of collection and operation of the Property and then upon. the . indebtedness secured by this Mortgagee;
<br />said rents, lssuesand prollts being assigned to the Mortgagee as further security for the payment of the indebtedness
<br />secure,f hereby.
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<br />lit Tnnst'er of, Property. If all or any part of tbe Property is sold or transferred without the exptt... written con.
<br />sent of the Mortgagee, Mortgagee may .t its sole option, declare all sums.securcd by this Mortgage to belmmedialely due
<br />and payable.
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<br />11. Future Advan.... Upon "'quest of Mortgagor, Mortgagee may make additional and future advances to
<br />Mortgagor. Such a<lvanees. with interest thereon, thall be secured by this Mortgage when evideneed by promissory notes
<br />stating that said notes are secured bereby. At no time sball the principal amount of the indebtedness se<III1OO bylbis
<br />Mortgage, not including sums advanced to protect the security of this Mortgage, exceed the original Note,
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<br />U. MioceIIaDeous Provisions.
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<br />(a) Any forebearance in exereising any right or remedy shall not be a waiver thereof.
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<br />(b) All remedies provided herein are distinct and cumulative to any other right afforderi by law ot equity,
<br />and may be exercised concurrently ~ independently or suceess.ively.
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<br />(c) 'The co.enanls and ......ments contained herein shall bind, and the rights inure to, the respective
<br />successors and assigns of tbe Mortgagor and the Mortgagee.
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<br />(d) All co..nants and agre<ements of the Mortgagor are joint and ...veral.
<br />
<br />Ie) 'The headlnp of the paragraphs of this Mortgage are for convenience only and shall not be used to inter.
<br />pret or deli.... the provisiom hm>of.
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<br />13. ~ Upon payment of all sums sccllred by this Mortgage, Mortg.... shall discharge this Mortcace and
<br />&hall. eucute and deli...r a satisfactory release therefor.
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<br />IN WITNESS WHEREOF, Mortga&or has executed this Mortgage on the 2n9day of November , 19~.,
<br />
<br />
<br />__, {r~kM {l ~J?a.tt~/
<br />
<br />nh.{,:ha~_ . _-andho m} Bouower
<br />// -~
<br />(rhZ.~ [cJ'b../)cY/70l/J?
<br />~Joyc~ E. Landholm) 8Qttowu
<br />
<br />Hall ~__~_._"_____~GountY' ss:
<br />
<br />State of Nebraska,
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<br />On thli
<br />
<br />'-nd
<br />
<br />day of Nov~;:>mbp y
<br />
<br />19~, before me, the undersigned, a NoiaJy Public
<br />
<br />duly COIl\IIllssioae and qualilled for said ooanty, personally came Mj "h"el D Landho 1 m and Joyce E.
<br />
<br />Landholm , to me known to be the
<br />Identical pelllOD(S) whose name(s) are sub&cribed to the foregoing instrument and acknowledged the execution tbereof
<br />
<br />to be their voluntAry ad and d...d.
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<br />Whnosa my band and notarial seal at
<br />datearo.-Id .
<br />
<br />Grand Island, NE
<br />
<br />in said county, the
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<br />" My CotnmiAionexplres:
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