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<br />7. Condemnation.. In the event the Property . or any part thereof. shall be taken by eminent domain. the Mortgagee
<br />isempow..red to CQ\Ieet and~lve all compensation whleb may be paid for any property taken or for damagedo property
<br />not taken, and.Mortgageeshallapplysueb coc.>peDS8tion. at its option, either to a reduction of the indebtednesa secured
<br />heteby.n, to repair and.restore the property so damaged.
<br />
<br />8. ferforrmm.., by Mo"""",. Mortgagee may; but .ball bave no obligation. to do any act which the Mortg&jlor
<br />has.."fll:I!ed bUI.fai!sJ;o do, and Mortgagee may also do any acl It deems necessary to \ll'otectthelien hereof. Mortgagor
<br />~,torepay ,uPOn clenwtd' any sums so expended by the Mortgagee. for the above purposes, and any sums so expended
<br />by ,the Mo~agee'shall be addA!d to the indebtedness secured hereby and. become subject to the lien hereof. Mortgagee
<br />slWI. notincDr any personal liability because of anything It may do or omit to do hereunder.
<br />
<br />9. Default; Assignment of Rents;. Time'ls of tbe essence hereof, andllponMortgogor's defaqltin ally' COVenmtt
<br />or agreement of this Mortgage, including covenants to pay when due the .umssecured by this Mortgage, the Mortpg<te shall
<br />be elltltled, at.its sole option and without notice; to declare aU sums secured by this Mortgage,to beimltlediately due and
<br />pay~leandmaycommen..foteclosure of this Mortgage by judicl8l. proceedings; and, providedfurtber,tbat upon,sueb
<br /><lotanlt the Mortgagee, or a receiver appointed by a court, may at.its option and without.,regardtothe adequacy ,of the
<br />_ty. .nler upon and take posaesalon of the Property and colll!et the rents, issues andprolits theretromand apply them
<br />Jirst tt> the oust of collection. and operslionof the Property and then. upon the indA!btednesa secuIed by this Mortgagee;
<br />said flints. issu.. and profits being .....gned tt> th.Mortgagee as further security. for the Pllyment of tbe Indebted!1esa
<br />......red hereby.
<br />
<br />10. Transfer of Property. II all or 'my part of the Property is .00dOl transferred wilhoutthe express Written eon. .
<br />ser.tl of the MortgoIee, Mortgagee may at its sol. option, declare all .ums secured by this Mortgage to be immediately due
<br />and payable.
<br />
<br />11. Future Advaneell. Upon requesl of Mortgagor. Mortgagee may make additional and futureadvanees to
<br />Mortg"llor. Such advan.... with Inle....t the",on, shall be secured by this Mortgage when evidenced by promissory noles
<br />stating that said noles are secured bereby. At no time shall tb. principal amount of the indebtedness'secured by thls
<br />MDrtgage, not including SUlD5 advanced to prot<!ct the security of this Mortgage, exceed the original Note.
<br />
<br />12. MiocelIaneous ProVWOftL
<br />
<br />
<br />tal Any f"rebe......... m exercising any right or remedy shall nol be a waiver thereof.
<br />
<br />Ihl All remedies provided h..rein "'" distinct and cumulative 10 any oth.r rigbt afford.d by law or equity,
<br />and may be .."""'.....dOOflCllmntly, ind.pendently or slICcessively.
<br />
<br />Ie) The co..,nants nnd agreement> ''Olltained berein shall bind. and the rights inure to, the reopectiv.
<br />"".,.,....". and .....lIns of the Mortgagor and the Mortgag....
<br />
<br />Idl All ro~nanls and agrrem.nts of tbe Mortgagor a... joint and ,.,veral.
<br />
<br />Ie) The haadinp of tlH' parqrapbs of this MortPl" are for .onvenien." only and shall not be used to inter.
<br />pret or define the promions bf'ff'()f.
<br />
<br />Ill.~. Upon ",,"vment of all sums secured by this Mortgage, Mortgage<' sball discharge this MortgAga and
<br />.nail execute and <k>Jiv..... satisra.to.-y rei...., therefor.
<br />
<br />IN WITNESS WHEREOF. Mortgagor hAs execulPd this Mortgage 00 the _t1h. day of ~bet' , 19-B3.
<br />
<br />~
<br />( ) Qg..[) -")
<br />\.. i 1 \ ...---
<br />, larles D~lman
<br />
<br />Bouower'
<br />
<br />Borrower
<br />
<br />Slate ol Nelltub. __-..-lMtll__._.__..__..____.__._County ss:
<br />
<br />On thi5 7th.__ day of __ Decanber . 19.83..., bero... me. the undersigned, a Notary Public
<br />duly _misoiOlled and qualifWd for said county, pet'SOnally came Charles D. Bosselman. a rm.rried
<br />
<br />person
<br />
<br />, to me known to be the
<br />i~ penonls) wh_ lWll<'(s) are subseribed to the foregoing instrument. and acknowledged the execution thereof
<br />
<br />to be _his __.._ voluntary act and deed.
<br />
<br />C:trand Island,
<br />
<br />Witneos my hand and llOtariaI.... at
<br />date .f..-aid.
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<br />My Commission
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<br />Ir'- _"'14. UM
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<br />NotarY Public
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