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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 />il;empowete<i to collect and receive .all compensation which may be paid for any property taken or for damages to. pro~rty
<br />.nottaktm,lIIld. Mortgagee~shall apply~such competlS8ilon, at its option, either to a reduction of -the indehtednesssecured
<br />hereby or to-repairandcrestoretheproperty so damqed;
<br />
<br />.... 8.Perf__ byMOrtppe. Mortgagee. may, but shall have no obligation, to do any act wbich the Mortgajlor
<br />~cagreed butfallato'do,and MortgageeDl8Y alSo do any act it deems necessary to proteetthelien hereoL. Mortgacor
<br />~:to repay. upondllmand, any.sums so. expended by the Mortgagae for the above purposes, and any sums so expended .
<br />by,the M~shiillbe added to the Indebtedness secmed hereby and become subject to the lien hereof. Mortgagee
<br />shall not ioeurany personiil li&biIity because of anything It may do or omit to do hereunder. .
<br />
<br />9. Defiult: AsIllgmneDt of Rents. Time is of tho> """"""" heleof, and upon Mortgagor's do>fault in any covenant
<br />or IICftleIIIIlntoUhlsMonpge, Including covenants to pay when due the sums secured bythtsMOrtgage, theMortgageesbalr.
<br />beentit1ed.aj'its solee option end withoot noti"", tod~ all sums secured by this Mortgage .tobeimmedilitely due and
<br />.payabIe andmay.conulllmeeforecl08me of this Mortgage by judicial. proceedings: and;provlded. fUrther,thiitupon llueb'
<br />default the Mortpcee, or" receiver appointed by a court, may at its option and without'regard to the adequacy- oUhe
<br />_rlty, enter upon and take pooll8SSion of the Property and collect the rents, issues and profits therefrom and apply them
<br />first to tbecost of coIIectlonand operation of the Property and then .upon tbe indebtednesssecured by this. MOrtgagee;
<br />said ""'l$;isSlll!II and profits being assijl1ed to the Mortgagee as further security. for the payment of the. indebtedn....
<br />secured lmeby.
<br />
<br />10. TranlfeT of Property. If all or any part of the Property i5 sold or transterred without the expresswrltlen con.
<br />sent of the Mortgagee.. Mortgagee may at Ibl sole option, declam allsUDlS.secured by this Mortgage to be Immediately due
<br />lltld payable.
<br />
<br />11. Futwe AdvllDeeo. Upon request of Mortgagor, Mortgagee may make additional and future advances to
<br />Mortgagor. Sucb advances, with inte""'t thereon, shall be secured by this Mortgage when evidenced by promissory notes
<br />stating that said notes am secured hereby. At no time shall the principal amount of the .indebtedneSssooured.by-ihis
<br />Mottpce, not including sums adwneed to protect the security of this Mortgage. exceed the original Note.
<br />
<br />12. MiIeeIlaneo... Provisions.
<br />
<br />(el Any fOJebeanmce In ."erewng MY right or remedy shall not be a waiver thereof.
<br />
<br />(bl A1l remedies provided herein are distinct and cumulative to MY other right afforded by law or equity,
<br />and may be .x_d cooClll1'Ontly, indep.mdently or successively.
<br />
<br />(e) The covenants and ~meots contained heJein shall bind, and the rights inure to.. the respective
<br />successors and assigns of the Mortgaaor and the Mortgacee.
<br />
<br />(d) AU eovenants and aereements of the Mortgagor are joint and several.
<br />
<br />ia) n.e headln1ll of thep_phs of this Mortgaee are for CODvenience ooly and shall not be used to inter.
<br />pret or define the provisions hereof.
<br />
<br />13. ReIeaw. Upon payment of all sums serored hy thi> Mortgage, Mortgagee shall discharge this:' "'l*ll" and
<br />shall execute and deliver. satisf4ctory rol_ therefor.
<br />
<br />IN WITNESS WHEREOF, Mortpgor has executed tbis Mortpge on the.2lld.. d~y ot/Dprpml>er , 198..3.-.
<br />
<br />/ /~ /.
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<br />
<br />(Ihchael ~ard) C--.. Do.rower
<br />
<br />~~ \~ - "~~~""~L
<br />(Sharon 1.. \<oodward) . IloIrowu
<br />County ss:
<br />
<br />State of Nebnaka.
<br />
<br />Hall
<br />
<br />On this
<br />
<br />2nd
<br />
<br />day of ~~ 19 JLL, before me. !.he undersianad, a Notary Public
<br />
<br />duly COl!UIliIIloned and qualltied tor said oounty. penonally came M~chael a. Woodward and Sharon L.
<br />
<br />Wood.w.;lrd . to me known to be the
<br />identicall peIliQO(s) wh_ !l&lDe(s) .... .ubscribed to the foregoing instrUmellt and acknowiedced the execution thereof
<br />their
<br />
<br />to be
<br />
<br />YOIuntary act and deed.
<br />
<br />WUDeea my hand and notarlalseal at__ Grand Island, NE
<br />daU>afOltilld. J'~.' h./.
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