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<br />7, Condemnation, 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 compensation which may be paid for any property laken or for damages to property
<br />not laken, and Mortgagee shall apply such compensation, at its option, either to a reduction of the indebtedn... secured
<br />hereby or to repalf and restore the property so da..-naged.
<br />
<br />8, Perfonnoce by Mortgagee, Mortgagee may, but sholl have no obligation. to do any aet which the MortcaRor
<br />has agreed but fails to do, and Mortgagee may also do any act it deems necessary to protect the lien bereof. Mort....,r
<br />agrees to repay, upon demand, any sums so expended by the Mortgagee for the above purposes, and any sums so expended
<br />by the Mortgogee shall he added to the indebtedness secured hereby and become subject to the lien hereof, Mort......
<br />shall not incur any personal liability because of anything it may'do or omit to do hereunder.
<br />
<br />9. Def....t; Alaipment of Rents. Time is of the essence bereof, ud upon MortgacOl"s der....tinany c:o~t
<br />or agreement of this Mortgage, including coven.nts to pay when due the sums secured by this Mortgage. the Mortpcee'shall
<br />be entitled, at its sole option and without noti.., to declare all sums secured by this Mort.... ,to be immedlately._and
<br />pay.b1e and m.y commence foreclosure of this Mortgage by judicial proceedinp; and, provided further,: !Mt\lpOn i1....
<br />def.ult the Mortgagee, or a receiver appointed by a court, may at its option.nd without reprdto the .deqUllcYof.tlIJ
<br />security, enter upon and t.ke possession of the Property and collect the rents, issues .nd profits therefrom and.!ipI)i.t"",m',
<br />lI..t to the _t of collection and operation of the Property and then upon theindebtedn...oeeuredbythiaM.OJt~;
<br />said rents, issues and profits being lISSilDed to the Mortgagee as further security for the payment or. the' inde~:
<br />secured hereby, .
<br />
<br />10, 'l'ran.rer of Property, If all or any part of the Property is sold or transfened withoutthnxp....~'eof:'
<br />sent "': the Mortgagee, Mortgagee may at its sole option. deelare all sums.secured by this:Morlpfeto'be~lY'_~'
<br />andpay~ . -
<br />
<br />11. Future Advan_, Upon reques~ of Mortgagor, Mortgagee m.y make.dditio.....an",~;:
<br />MoriC....r, Such advances, with interest thereon, shall he secured hy this Mort... when n1deneedcby;', .
<br />stating that said notes are secured hereby, At no time shall the principalamonnt of the 'liIcleb~'
<br />Mortgage, not including sums .dvanced ~o pro~ect the security of this Mortgage. exceedthec ort.....'NoCe;.
<br />
<br />
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<br />
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<br />
<br />12, MiMleUaneous Provision..
<br />
<br />(a)
<br />(b)
<br />
<br />Any torebeanm.. in exercising any right or remedy shall not beawai...r. thereof,
<br />
<br />All remedies provided herein are distinct and cumulati.. to any other ript .fforded' by, "w'cl!"~;)
<br />and may he exercised concurrently, independently or successively,
<br />
<br />(d)
<br />(e)
<br />
<br />The covenanls and agreements contained herein shall bind, and the ripta InliJeto,' tbe .~-
<br />SUCCl>SSOrs and assIgns or the Mortgagor and the Mortgagee. . ,.. '.
<br />
<br />All covenants and agreements or the Mortgagor are joint and several.
<br />
<br />The neadlngs of ~he paragraphs of this MortPi<' are for con'enieneecO!llY'!IIlllsl\all,n_~:~'
<br />p...t or define the provisions l1e...of. ..
<br />
<br />(cJ
<br />
<br />x
<br />
<br />x
<br />
<br />Slaw of Nebraska.
<br />
<br />Ad.qmH
<br />
<br />__.__County ss;
<br />
<br />On this
<br />
<br />14th
<br />
<br />day or
<br />
<br />May
<br />
<br />, 19...a!l,.., before me,
<br />Roer W. Au'
<br />
<br />duly commissioned and qualified for said county, personally came
<br />
<br />Y. AUiustin. Hushand and IH Eo .. ..' \D_~~llf~~'AA"
<br />identical personls) whose namels) are subscribed to the fo...going instlWnent and aUno"'le~the,.!l\llI!lI~~~,
<br />
<br />to be the i r voluntary act and deed.
<br />
<br />Witness m)' hand and notarial seal at
<br />date .foresaid,
<br />
<br />HastinRs. Nebraska
<br />
<br />in said;.county. the
<br />
<br />,..
<br />
<br />2/l0/86AGE/IWI.. HCUlIY. ,~,..f ~ ~~.d;d ~nh
<br />... ELIZABEiH FlNX c NolUJ. publiC
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