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<br />I
<br />
<br />I
<br />
<br />7. eondemnation. In the. event the Property, or any part thereof, shall be taken by eminent domain, the Mortgagee
<br />ill empowered to .coIleet and receive all compensation which may be paid. for any property taken or for damages to property
<br />not taftn, 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 Mortgagee. Mortgagee may. but shall have no obligation, to do any act which the Mortgal!or
<br />has.agreed but tails to. dO,and MOrtgagee may also do any act it deems necessary to protect .the lien hereof. Mortpgor
<br />.......t..repay, upon demand, anY SUitls so expended. by the Mortgagee for the. above purposes, and any sulllssa expended
<br />hytheMortgagei!shall be added to the indebtediless secured hereby and becomesubjeet to the lien hereof. Mortgagee'
<br />shall not incur any pelllOI\a1 liability because of anything it may do or omit to do hereunder.
<br />
<br />9: Defau4; Aa&ignment of Rents. Time is of the ....nce hereof, and upon Mortgagor'sdetault In'anyeovemint
<br />or 8P'\ment of this Mortgage, including .covenants to pay when due the sUlns sec\l1l!d by this Mortgage, theM~shalF
<br />be entitled, at its sole; option and w1thout.notiee, to declare all sums securedhy this Mortgage to be Immedlately.dlle'and;
<br />payable and may commence foreclosure of this Mortgage by judicial pro<:eedlngS; and,pro'Vidildfljrther,tba,t upon such
<br />default the Mortgagee, or areceiverappolnted by a court, may at its option and without regard to the adequaey'ofthe
<br />security, enter upon and take possession of the Property and colleet the rents, isaues.andprofits therefl:ornand apP!Y'tI!e.,.:
<br />flJSt'to the cost of collection and operation of tbe Property. and then upon the indebtedness secured ~ this Mortgagee;.
<br />laid ; I1lftts, issues and prolits being lIISiglled to tbe Mortgagee. as further security. for the paynlentcfthe . indebtedness'
<br />secured hereby.
<br />
<br />10. Transfer of Property. If all or any part of the Property is sold or transferiedwithout the exp~ 'Wrltten.!!'n.'
<br />sent of the Mortgagee, Mortgagee may at its sole option, declare a1lsums.5eCuredby this Mortgage to be i1iunediiltely due
<br />lIIId payable.
<br />
<br />11. Future Advances.. Upon request of Mortgagor, Mo~gee may make additional and' futureadvancU;tQ
<br />Mortgagor. Such advances, with interest thereon, shall be secured by this Mortgage when evidenced by prom..ory nQtes,
<br />sUIting that said notes are secured hereby. At no time shall the principal amount of the indebtedneSs seCui8d~this;,
<br />Mortgage, not including sums advanced to protect the security of this Mortgage, exceed the original Note.
<br />
<br />12. MlseeUaneous I'ro9lsiollS.
<br />
<br />
<br />(a) Any forebeara..... 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 bylaw or equlty,
<br />and may be exercised concunently, independently or successively.
<br />
<br />(c) The covenants and agreements contained herein sluill bind. and the rights inure to, the respective
<br />successors and assigns of the Mortgagor and the Mortgagee.
<br />
<br />(d) AU covenants and agreements of the Mortgagor are joint and several.
<br />
<br />(e) The heading:s of the paragraphs of this Mortgage are for convenience only and shall not be used to inter-
<br />pret or define the proflsions hereof.
<br />
<br />13. ~ Upon payment of all sums secured by this Mortgage, Mortgagee shall discharge this Mortgage. and
<br />shall execute and deliver a satisfactory rele... therefor,
<br />
<br />IN WITNESS WHEREOF. Mortgagor has executed this Mortgage on the-121l1ay of September ,19lU-.
<br />
<br />
<br />
<br />State of Nebraska,
<br />
<br />H~11
<br />
<br />('ff? .
<br />
<br />(Richard J. Rusi< 1)
<br />
<br />( ;:;~;;C;)h}! i/.. ,f}u
<br />" V "
<br />(Barbara J. Russell)
<br />County ss:
<br />
<br />\.-1....t"l1 j.~./~'
<br />
<br />Borrow"
<br />
<br />Bo'.zo.Wer.
<br />
<br />On this
<br />
<br />29th
<br />
<br />day of
<br />
<br />September
<br />
<br />. 19...a:L. before me, the undersiglled, a Notary Public
<br />Richard J. Russell and
<br />
<br />duly commissioned and qualified for said county, personally came
<br />
<br />Barbara J. Russe 11 , to me i<nown to be the
<br />identical person(s) whose name(s) are subscribed to the foregoing instrument and acknowledged the execution thereof
<br />
<br />to be
<br />
<br />t:hpir
<br />
<br />voluntary act and deed,
<br />
<br />W_ my band and notarial seal at
<br />elate aforesaid.
<br />
<br />O<"'5t"'lM /
<br />
<br />In said county, the
<br />
<br />" My Conunission expires:
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<br />'<\0 . . JON ,. LUEBS
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