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<br />7; Condenmalion. In the event the Property ,or any part thereof, shall be laken by eminent domain, the Mortgagee
<br />is empowered to colleCt and receive all compensalionwhichrnay be paid for any property takel\ odor damages to property
<br />not taken, and Mortgagee sballapply such compensati\in, at Its option, either to ueduction of the iildebioonesuecured
<br />berebyor to repalr and restore the propertys.. damaged.
<br />
<br />8.Pei'fotJllance by Mortgagee; Mortgagee may, but sh8I1 bave no obligation,to do anY act wbicldhecMiirtgalior
<br />bas~d-bu.tfailsto do, and Mortgagee may also do any act It deems llllC-.y to Protect the lienM"",f,Mo~r
<br />agreelI toreJl8Y, upon demand, anysumsso expended bytbe Mortgagee for the .above purpooes,and any sunisSG ~pended'
<br />bl'the:Mortgagee shall beadd.d to the indebtedness secured bereby and become subject to tbe lien. hereof. Mortgagee',".
<br />shalf.nothicur any .personalliabUity because of anything it may do or omit to do hereunder:' -'
<br />
<br />9. Default; Allsignment of Rents.. Time is of the e~nce hereof, and upon . MOrtgagor's default in any caremUit
<br />or ~ment of this Mortgage,including covenants to pay when due the sums s<!cored by this Mortgage; lite Mortgatlee:sbalF .
<br />be'entiiled, ants sole option and without'notice, to declare all sums secured by this Mortgege.tobe'inunediatelycd1Jlj1ll1d"
<br />payable. and may commence forecinsureof thiS Mortgage by judiCial proceedings; and, provided)urther, that.upolliri1cli c
<br />default the Mortgagee,. or a receiver appointed by a court, may at its option and without regard totbeactequaCyof the
<br />security, enter upon and take possession of the Property and collect the rents, issues and.profits thereftom:and!!pplYc:t!lem,
<br />fint,to. the cost of collection and operation of the Property and then uponth.. indebtedness securedby.this.Mortgagee;;.
<br />sakfrents, issues and profits being assigned to. the Mortgagee as further security for the paymentoc.'the indebte.diu!u,:
<br />secured hereby. .
<br />
<br />10. Transfer of Property. If all or any part of the Property is sold or transferred without the express written con.
<br />sent of. the Mortgagee, Mortgagee may at its sole option, declare all sums.secured by this Mortgage to be immediately due
<br />and payable. .
<br />
<br />1L Future Advances. Upon request of . Mortgagor, Mortgagee may make additional and future . advanceS .to.
<br />M0rtgag9r. Such advances, with interest thereon, shall be secured by this Mortgagewhenevidencedbypromisso1'yno~
<br />stating that said notes are secured hereby. At no time sball tbe principal amount of tbeindebledneSs-secl\reabY.this.
<br />Mortgage, not including sums advanced to protect the secnrity of this Mortgage, exceed tbe original Note.
<br />
<br />12. MiscellaneousProvisioDS.
<br />
<br />
<br />
<br />(a) Any forebearance in exercising any right or remedy sball not be a waiver thereof.
<br />
<br />(b) AU remedies provided herein are distinct and cumulative to any other right afforded by law or equity,
<br />and may be exercised concurrently, independently or successively.
<br />
<br />(c) The covenants and agreements contained berein shall bind, and tbe 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 />(e) The beadi~ of the paragraphs 01 this Mortgage are lor conveuience only and sball not be used to inter.
<br />pret or define tbe provisions hereof.
<br />
<br />13. Rei..... Upon payment of all sums secured by this Mortgage, Mortgagee shall discbarge this Mortgage, and .
<br />sball uecute and deliver a.satisfactory release therefor.
<br />. 14th November 83
<br />IN WITNESS WHEREOF, Mortgagor bas executed thIS Mortgage on the-;:-day of ,19_.
<br />
<br />/J !) j/~// /j()"
<br />.r-:-{'4 dj./7) /_"'~, --' 7' 8ouowero
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<br />oj,') .'" \}-Q , "1 '-"", ..L{.)'7'L"~'-V(~
<br />! Borrower
<br />
<br />Siate of Nebruka.
<br />
<br />Hall
<br />
<br />County ss:
<br />
<br />On this 14th day of Novpmhpr , 19.JU..., before me, tbe undersigned, a Notary Public
<br />
<br />duiyeommissionedandqualifledforsaidcoonty,personallycame David L. Trembley and Barbara A.
<br />
<br />Tremb ley , to me known to be the
<br />identil'lll person(s)whO$C name(s) are subscribed to the foregoing instrument and acknowledged the execution tbereof
<br />
<br />to be
<br />
<br />their
<br />
<br />voluntary act.and deed.
<br />
<br />Grand lsalnd. Nebraska
<br />
<br />Witlless. my band and notarlal seal at
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