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<br />84 - 003233
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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 />is empowered to collect and receive all compensation which may be paid founy property taken or lor damages .to property
<br />not taken, and Mort&all~e shall apply such compensation, at .its option, either to a reductiono! thelndebtednessseeU1'ed
<br />hereby or to repalt and restQre the property so damaged. ,.
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<br />8, Perfonnance by Mortgagee, Mortgage. may rbut shall have. no ohllgatiori,tod"'~ llct1Vblc~tlieM~c>r
<br />bas agreed but fails to do, and Mortgagee may alsO. do anr ..~ it deems necessary to protecttl1e lielibero;'*Moftgagor'
<br />agrees to repay, upon demand, any sums so .xpended:bythe Mortgagee fortbeabo..puiposel<;~ imy,sumsso.l!lipluI~
<br />by the. Mortgagee sball be added to the indebte.dne'SSsecured berebyand become sul)J8cttotbe'llen:hereOL~
<br />sball not incur any personlllllability becauseofanythlng It may do'orollllt:to dob&reun:der;'" . .. . . '..:
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<br />9. Default; Assignment of Rents, Time is of the ~n.e bete9f,anduponlold!tgag~r'sdefliult'i!i8n~~('
<br />or agreement oftbis Mongage,lncluding covenants to pay when due the SUIUS llCcured 1;>ythlaM?rt~tl1elrf(lrt~~~: .'
<br />be entitled, at its sole option and witbout notice,to deelare all sums securedbYtbisMort~~.tQ bei!'n~e!ll.~1.Y~u"811cf '..
<br />payable and maycommen.. foreclosure of this Mortgage by judlcialproceedingJ; aDd;providlldtilrtber;ihJ:tuIl9itIii~',
<br />default the Mortgagee, or a receiver appointed by a court, l1\&y.atits optlon.andwttl'lOut l\~d"'l11llCy'of:~~1l
<br />security, enter upon and take possession of the Property and coUect the rents,issu..and:p . ". . . .... ." ..and.l\pPlYtl)!lll1
<br />first to the cost of collection and operation of tbe Property and tben upon the indebtedneB8;seeuredbY th~ ltiO~ .
<br />said rents, issues and profits being assigned to tbe Mortgagee as furtber securityfortbe.paytllent.oftheincl!'bliedl1....,
<br />secured bereby, . . .' .
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<br />10. Transfer of Property, If all or any part of the Property Is SOldortransferredwithouttlieexpie.ss:Wrlttel).c,o~" ....
<br />sent of tbe Mortgagee, Mortgagee may at its sole option, declare all sums ,secured by this Mortgagetobe'imniedllitely.du,,, .
<br />and payable. ' ',,:-. -' --<' ':--:'-_:-::'--":-,:--/::--'-:
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<br />11. Future Advances. Upon request of Mortgagor, Mortgagee may makeadditiona1andft1turead""l'ceso,~'"
<br />Mortgagor, SuCh advances. witb interest thereon, .sball be secured by this Mortgagewben evidenced by PromlSs'!lYcIlO~'" .
<br />stating that said notes are secured hereby, At no time ,ball the principal amount of theindebledness:seeu~a:1ijlhJS
<br />Mortgage, not including sums advanced to protect tbe security of tbis Mortgage, exceed tlie original Note. '
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<br />12, MisceUaneous Provisions,
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<br />(a) Any rorebearance in exercising any right or remedy sball not be a waiver thereof.
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<br />(b) All remedies provided herein are distinct and cumuiative to any otherrigbt afforded bY.ia:w or,,<jUity~:
<br />and may be exercised ~oncur-i>t1tJy, independently or successively.
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<br />IN WITNESS WHEREOt', Mortgagor has executlld tbis Mortgage on tbe ~ day of
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<br />-ALl/- .LtJ ;jA;"NVl!y .
<br />(] . ~....fJ},I}O, ~
<br />c)l\l.o...YVnv ...I), (/VAP.J~
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<br />(cl The covenants and agreements contained herein sball bind, and the
<br />,ucces.wrs and assigns of the Mortgagor and the Mortgagee,
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<br />(dl All covenants and agreements or tbe Mortgagor are joint and several,
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<br />(e) The beadings of the paragraphs of this Mortgage are !orennvenience only and shallliot be iisecftQ iJil;er-:
<br />pret or define the provisions hereof.
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<br />13. Release, Upon payment or all sums secured by this Mortgage, Mortgagee sball discbargethis Mortgage' and
<br />shall execute and deliver a Rtisfactory release- therefor.
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<br />Bouower.
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<br />BOrrower
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<br />Stale of Nebraska, ...._llall.._..,._. ....__~_.__COunty ss:
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<br />On this _....l5l:.h___ day or ~,._.__..__ 19.JiL, berore me, tbe undersigned, a Notary Public
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<br />duly commissioned and qualified for said ,'OuDlY, perwnally came Garrv Lee WilliarrlS am
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<br />Jeanne SUsan Williams, husb:ln;J and. wif~_.______, to IDe known to be tbe
<br />identical person(s) whose name{.) are ,ubscribed ~o the foregoing instrument and acknowledged tbe execution tbereof
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<br />to be .__._.._.___.___._, voluntary act and deed.
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<br />Witness ml' hand Slid DOts..'ial...a1 al___._GrarE..1?J:~____~_____in said county,the
<br />date aforesaid,. /...),
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<br />My Commission expire" J:' GBlElIAl.. NOiAll'lE' Sl>l....t ...br.... / );('?A ,; t P:...... '1 /.1.
<br />JANJ lRUMP. 4'--?:../v.:....<... .Ii-":J.,,/;''''-''-4-./
<br />IIJ c... Up. _ 22, uiiS-.---.----.-- - () No;'''''; Pub""
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<br />~~,~.~_._^".__'"~__________~__. LSp.a<< lldvw 1'h.i. .Unt;" R~ed For lAtod.er -.nd Recoro8l') ,---.,~-'"---~-.-_.~-,---~-'".""-.-
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