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<br />I
<br />
<br />
<br />7. Coude~nation.. In tile event the PrOperty ,or any ~ thel'\!Of, shall be taken by eminent domain, the Mo~
<br />isempO~ered to coII~t and fl!C8ive all componsatiOll.which may be.paid forany .property .takenor for damages.tliproperty;
<br />noctall;an,' andcM~ $haILilppiysuch. oompensati~,. at its option,eitherto a reduction of the. indebtedn_secllled.'
<br />heieby orto,repairandle$toletbe.pmperty SO damaged; . . .
<br />
<br />8: Perfi.lrlballeeby ~Mo~ may ,butshallbavene obligation, to deany actwiUclt tI1e.Mo~Ol\
<br />hIis.. ~butflli1sto<fo.,anll Mortgagee JDaY aisodo any aetit.deeIDS n~to pr_ttbl>lienbe~ofdd:orcpg~ .
<br />aplllOIJo""pq,upon delOOld, 8IlY .sums SO .""ponded. by the Mortgagee.for theabovepurpOses~andanYS11!!'S,SQ~d
<br />1:iY;'t!>"'~fJrtpgee.shallbeadd~ to: tile indebtedries&securedberebfand~e,sub~totbe lienbeieot. Mo~
<br />sballn\>tineurany penollalliabilityi1ecause of anyti1inglt may do or omit to dobereunder. . . ........... . . ...
<br />
<br />9:. nefault; As8ignmeDt of Rents. Tin1e is of the essence bal'\!Of; and upliDMcrtgagotsdefault ln~y cc,m."*,,t; ,.
<br />. \>fagreementofthis Mortgage,i1lClwlingcovenants to pay wilen due the sums secured bytblsMottgage, theM~,sfWI;'
<br />be ",litIed, at its solO' option and witbOllt n<>tice, to declare all sums secured by this Mortgqe,~obeimmedlately dUe8lld.
<br />payabllland may co_nee foreclosure of this Mortg&gl' by. judlcial prOceedings; and,provided.ftirtlter,that UpOIUUeh'. .
<br />detau1ttl;eMortgagea, orAreeeiverappointedby A court, may at its option. 8Ild withoutregard,to'theAdecjuaey'of'~M.
<br />secw:ity, .enterupoIl andtal<epooaes&lon of the Property AIId cQllecl tbe,rents,Is.U8S8Ild profits tberet10m8Ild,aPP!YtIlem: ,
<br />fustto the,eost of. collection and opemtiori of the Property and tben uponthe.lndebtedness secw;ed bythlsMol'tgagee;;
<br />said rents; issues and profits being assigned to the Mortgagee. lIS further. securityforthe'paY11\8ntof,thein~btedness
<br />secured' be",by. .
<br />
<br />lll. Transfer of Properly. If all or any part of the Property is sold ortramferred without the express wrltten con.'
<br />sent of.the Mortgagee, Mortgagee may st its sole option, declare allsuros.secured by this Mortg&gl'to he'immedlatelydu€
<br />and payable. . .
<br />
<br />11~ Future Advances. Upon request of Mortgr;gor, Mortgagee may make Additionill and. future .adi1ancesto'
<br />Mortgagor. Such advances, with interest thereon, sball be secured by thls Mortgagewben evideneedby.promissory.'notes.,
<br />stlitingtbat.said notes are secured hereby. At no time shall the principal amount of thelridebtedn....secUreiibythis.
<br />Mortgage,notJncluding SUIlIS Advanced to protect the security of this Mortgage, exceed tbe originill Note.
<br />
<br />12. Miscellaneous Provisions.
<br />
<br />(A) Any forebearance in exercising any right or remedy shall not he a waiver thereof.
<br />
<br />(b) All remedies provided berein are distinct and cumolatlve to any otber right afforded by law or equity-,
<br />andmay be exercised concumntly, independently or successively.
<br />
<br />(c) The covenants and agreements contained berein shall bind, and the rights inure to, the respectlve
<br />successors and assigns of tbe Mortgagor and the Mortg&gl'e.
<br />
<br />(d) All COV8Dl1lts and agreements of the Mortgagor are joint and several.
<br />
<br />(e) Thebell<!inw; of the paragraphs of tbis Mortgage are for convenience only and sball not be usedto inter.
<br />pret or define the provisions bereof.
<br />
<br />
<br />
<br />13. Release. Upon payment of all sums secured by this Mortg&gl', Mortgagee shalldiscbarge this Mortgage and
<br />sIiaJJ execute. and deliver a satisfactory release therefor.
<br />
<br />IN WITNESS WHEREOF, Mortpgor has ex.8CU.. ..te. d..thls....Mo.. ttP;:?n the d:1- da.Y. Of.~.19 J?5.. . ..
<br />
<br />/.~
<br />
<br />
<br />~iiard S. Cavlfnee)/''/:' Boaower
<br />
<br />/" (; __:.:-1 .,;~~._ ._' , ' ,/-,:" -J /' ~i r. ~.~ ,/' ,..', ,<.,.~ /!
<br />'-___ .(....(.'-<.,.... " ~..d,~-<.c Jf:.<:4!./
<br />
<br />day of
<br />
<br />J(ji?-e
<br />
<br />(Colleen M. Cavenee)
<br />County ss:
<br />
<br />1911, before me, the undersigned, a Notary Public
<br />Richard S. Cavenee and Colleen M.
<br />
<br />Borrow~
<br />
<br />stale of Nebra8ka,
<br />On this .;.J -;)...
<br />
<br />Hall
<br />
<br />dUly commisakmed and qualified for said county, personally came
<br />
<br />Cav~e , to me known to be the
<br />identlClllpeDlOll(s) whose 1UIII1e($) are subscribed to the foregoing insttument and acknowledged tbe execution thereof
<br />
<br />to be
<br />
<br />their
<br />
<br />voluntary act and deed.
<br />Grand Island, NE
<br />
<br />Witness my band and notarial seal at
<br />dateaf-.id.
<br />
<br />/,
<br />{ J
<br />",7/.:..<>-,,1.
<br />/1
<br />{/
<br />
<br />-d
<br />
<br />in said county, the
<br />/>7
<br />~c:;/ I~
<br />. Public
<br />
<br />
<br />My CommilIIIoiIexpires:
<br />.,;;9 ll....~"......
<br />!. . .....ltl.."
<br />.. ... ... .. ...........9._
<br />(S.,..:~ ,'fIQJ-.1.1ae-.&.esened Fo'!: .l.eA4er: aa4 RAeonler)
<br />
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