|
<br />I"
<br />
<br />7, Condemnation. In the event the Property, or any part thereof, shall be taken by eminent domllin, the Mortgagee
<br />is empowered to collect and receive all compensation which may be paid for any property taken or for damages to property
<br />not taken, and Mortgagee shall apply such compensation, at Its option, either to a reduction of the Indebtedness aecured
<br />hereby or to repair and restore the property so damaged,
<br />
<br />8, Performance by Mortgagee, Mortgagee may, bu~ shall have no obligation, to do any act which the Mortglllor
<br />hIS agreed but fails to do, and Mortgagee may also do any act It deems necessary to protect the lien hereof, Mortcacor
<br />agrees to repay, upon demand, any sums so expeneled by the Mortgagee for the above purposes, and any sums so expended
<br />by the Mortgagee shall be added to the Indebtedness secured hereby and become subject to the lien hereof, Mortpgee
<br />shall net incur any personai iiabiiity because of anything it may do or omit to do hereunder.
<br />
<br />9. Default; AaIlII'"nent of Rents, Time is of the essence hereof, and upon Mortgagor's default In any Covenant
<br />or agreement of this Mortgage, including covenants to pay when due the sums aecured by this Mortgage, !be Mortpteesball
<br />be entitled, at its sole option and without notice, to declare all sums secured by this Mortpte to be immediately due and,
<br />payable and may commence foreclosure of this Mortgage by judicial proceedings; and, proYidedfurtber, tbat,upl)n'ludI, ,
<br />default the Mortgagee, or a receiver appointed by a court, may at its option and without regud to the adequacy of the
<br />security, en..r upon and take possession of tbe Property and collect the rents, issues and profitatherefrom,andapply,them
<br />first to the cost of collection and openltion of tbe Property and tben upon the Indebtedneas _dby tbia Mor\tQIe.
<br />said rents, issues and profits being assigned to the Mortgagee as further security for !be paymentor:tbec 'indebtednlac
<br />seeured hereby,
<br />
<br />10. Transfer of Property, Ir all or any part of the Property is sold or transferred Without the expreaWrlttielj,eQD';'
<br />sent of the Mortgagee, Mortgagee may at its sole option, declare all sums .secured by this Mortpge to be lmil.~ydii",'
<br />and payable, c
<br />'.'
<br />
<br />
<br />11, Future Advances. Upon request of Mortgagor, Mortgagee may make additional .andtuhl.., ~,tct.:
<br />Mortgagor. Such advances, with interest thereon, shall be secured by this Mortgage wben ceYid,eneed.by,.p~.ilil!iili.t'
<br />stating that said no..s are secured hereby, At no time sball the principal amount of the lnciebtedn...~~ii
<br />Mortgage. not including sums advanced to protect the security of this Mortpte, exceedtbe oriCinatNotei .'
<br />
<br />.-::. t;.~.'
<br />
<br />12. Mi&ceIJaneous Provisions,
<br />
<br />(aJ
<br />(bJ
<br />
<br />Any forebearance in exercising any right or remedy shall not be a waiver thereof.
<br />
<br />All remedies provided herein are distinct and cumulative to any otber rigbt afforded by Iawcorc.ijrj;:c:
<br />and may be exercised concurrently, independently or succesalYely, 'c .
<br />
<br />~ _.-' -'
<br />. ,~
<br />
<br />,---,<
<br />-;J[:i>~
<br />
<br />The covenants and agreements contained herein shall bind, and tbe rights inure to, the' _~.;,
<br />successo.. and llSSigns of the Mortgagor and the Mortptee. c .
<br />
<br />(dJ All covenants and agreements of the Mortgagor are joint'and seve.ral,
<br />
<br />
<br />~'I:;:
<br />
<br />-.'., ;-, '~-."",
<br />
<br />(cJ
<br />
<br />f.(';
<br />
<br />(eJ The headiDJIS of the puagrapba of this Mortpteudorconoenience only andsballilotk....a.1f>iJI~;;,.
<br />pret or define the provisions hereof. - . - " c ~
<br />
<br />13, ReIeue, Upon payment of all sums secured by tbis Mortpte,- Mo~Bballdl$ellarletbill.~.~~cl~t. "
<br />shall execute and deliver a satisfactory release therefor, c;. ....;.,. ';. <:'
<br />
<br />IN WITNESS WHEREOF, Mortgagor has executed tbis Mortpgeon the..9.t.lL clay of Mi'l}!;
<br />
<br />,-7 l 1M .-1 ' /<
<br />;-;);<j;''JV<oYj! ///- /t!;;u+W .....,..
<br />(RaY"J,9}'d M. Agu;LlaJ.l, "~ .~;
<br />
<br /><' <' '" 4.:"
<br />.,,Gt,.,L<.4.-"'-<_<' (, jl (...,e.-::rt:.~;. .".
<br />
<br />(Susa.n A. Aguilar) ;:/ '... ....,...,~...;
<br />
<br />,1~~('
<br />
<br />',-"" "-,,,~,
<br />
<br />",,,.,,-"".--
<br />-'\;,.0
<br />
<br />"~":-;
<br />
<br />k= I.,';'
<br />
<br />Stale of Nebraska,
<br />
<br />Ha.ll
<br />
<br />County ss:
<br />
<br />On this 9th
<br />
<br />day of
<br />
<br />May
<br />
<br />19JtL, before me,th'l und.e~, .aNQUl7PuI!lle;
<br />
<br />duly commissioned and qualified ror said county, personally came Raymond M. Aquilar and SusanA.
<br />
<br />Agui lar , to me lmoYtil to;be.tIIe
<br />Identical person(s) wbose name(sl are su~ribed ~o the foregoing instrument and aclmowledled thece.*"u\iOllt!lelllOf
<br />
<br />
<br />lobe
<br />
<br />their
<br />
<br />___ voluntary act and deed,
<br />Grand Island, NE
<br />
<br />insa\dcount)', tile
<br />
<br />Witoess my hand and notarial seal at
<br />date aforesaid,
<br />
<br />::,.'::::-
<br />
<br />My Commission expires:
<br />
<br />..a;--. -......-.
<br />_MUUT
<br />'-............ It. _
<br />{Space Below ThiJ Lb1e Reserv~ FOI Lender and Recomer-}
<br />
<br />/'./;:!
<br />. :lJ ,e
<br />
<br />. f'*)'.".",,*
<br />
<br />Notary Pl.lbUc
<br />
<br />M
<br />
<br />,,~
<br />'"
<br />
<br />~
<br />
<br />, 0')
<br />
<br />~.. ~. 1 q ~ ;
<br />tron
<br />1......~
<br />I<l'C loa INt) 303 ,0';:'
<br />.5
<br />
<br />.....,
<br />
<br />en
<br />
<br />::r::
<br />~
<br />
<br />;~
<br />
<br />
<br />:--',
<br />
<br />'.
<br />
<br />"
<br />
<br />
<br />-;~ ~
<br />
|