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<br />7 . Condemnation. . ln the e~entthe Property ;pr any part therepf, sball betaken by eminent domain, the Mortgagee
<br />is empo_red tocoUeet and receive all compensation. wbich may be paid for any property taken or forclalllagel;toproperty
<br />not taken, and.Mortgagee sballapply such compensation, at its option, either to a reduction of theindebtedneifs secured .
<br />hereby or to repair and restore the ploJli!rtyso damaged.
<br />
<br />. ... 8; I'erforulaneebyMC>~Mortgagee may,but shall have nooliligation, to do an}' act wbich the.Mo~
<br />hasagree~buHails to doiand Mortgagee rnayaiso do any act It deems necessary to """leet the lienbl!J'lOf. Mo .
<br />agrees. to rem, upon. de~d, anysurns so expended by the Mortgagee for the ahove. pUlposes,and any suius.~.e
<br />by . the .Mortgageesbal!.belldded to the indebtedness secured bereby .andbecomesullject to.the lien .bereof.
<br />sbalJ .not incur anypeftOllalliability because of anything it may do or omit to do bereunder.
<br />
<br />9. Deftult;A$8lpmeot of Rents. Time is of the esslmCll hereof,and up<>n .Mortgagor's defa!lltlnanYco'femm,t.
<br />or agl\>ement of this Mortgage, including covenants to pay wben due the sums secured by this Mortgage, the. Mortgagee shall'
<br />be enWed, at its sole option and without notice, to declare all sums secured by this Mortgage .tobe immedi""ly due~nd
<br />payable and . may commence foreclosure of this Mortgage by judicial proceedings;. and, . providedJurtber, t1i~t npoosullll
<br />d!lfaultthe Mortgagee, or a. receiver appointed by a court, . may . at its option and without. regard 'tothe'ade</uacyOfthe .
<br />security, enter upon and take possession of the Property and cOllect the rents, isl;ues andproflts'th~refrt!m and.appty;thell1:.
<br />ftmt to the cost of collection and operation of the Property and then upon the Indebtednesssecuredby.tIiisMoltgagM,;.
<br />said .l8J1ts, issues and profits being assigned to tbe Mortpgee as further security for, the .payment. oftheinde&!'ednliss.
<br />secured hereby.
<br />
<br />10. Transfer of Property. If all or any part of the Property is sold or tran:;ferred without tbe express written con'
<br />sent of the Mortgagee, Mortgagee may st its sole option, declare all sums.secured by thiS Mortgage to be Imm.edilitely'due
<br />andpay~. .
<br />
<br />11. Ful1ire Advances. Upon request of .Mortgagor, Mortgagee may make additional and future 'advances.!o
<br />Mortgaeor. Such advances, with interest thereon, shall be secured 'by this Mortgage when evidenced. by promissory' notes.
<br />slating. that said 'K~ are secured bereby. At no time shall the principal amount of the. indebtedneSs.seeuniilWthIs
<br />Mortgage, not Including sums advanced to protect the security of tbis Mc>rtgage, exceed tbe original Not~.
<br />
<br />12. M'noceIIaneous Provisions.
<br />
<br />
<br />(a) Any forebeanmce 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 equityi
<br />8Il>l may be exercised concurrently, independently or successively.
<br />
<br />(cj The covenants and agreements contained herein shall bind, and the rights inure to, the respective
<br />SU<'CCSSOlS and assigns of the Mortgagor and the Mortgagee.
<br />
<br />(d) All covenants and agreements of the Mortgagor are joint and several.
<br />
<br />(e) The headings of the puagraphs of tbis 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, Mortgageesball discharge this Mortgage 81'd
<br />sha1l execute. and deliv€a satisfactory release therefor.
<br />
<br />IN WITNESS WHEREOF. Mortgagor has executed this Mortgag. on the 14th day of November ,191l..:L.
<br />
<br />J
<br />~~~::/:.>~-
<br />
<br />/ /. / /[-7 h,
<br />/.r-~ ( - ~ t:4;..?".--.----
<br />
<br />Bouower
<br />
<br />Bozrow..
<br />
<br />Slate of Nebraab,
<br />
<br />Hall
<br />
<br />County ss,
<br />
<br />On this
<br />
<br />14th
<br />
<br />day of
<br />
<br />Novembe{
<br />
<br />. 19~ before me, the undersigned, a Notary Public
<br />Arnold C. Wenn and Linda C. Wenn
<br />
<br />duly commissioned and qualified for said county, personally came
<br />
<br />, to me known to be the
<br />lden~ pel1lOll(S). whose name{s) are subscribed .to the foregoing instnunent and acknowledged the execution thereof
<br />
<br />their
<br />
<br />voluntary act and deed.
<br />Grand Isalnd, Nebraska
<br />
<br />In said county, the
<br />
<br />to be
<br />
<br />Witness my hand and notarial seal at
<br />date aforesaid.
<br />My.Commission. . axpire&' ~""lA. -.. ........ . ..-.......
<br />. . ..' . 'JllfJlEM.... STAIII<n
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