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<br />7, Conclen'mation, In Ihe event the Property ;orany part thereof, shall be taken by eminent domain, the Mortgagee
<br />is empowemd 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 secured
<br />hereby or 10 repair and restore the property so damaged.
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<br />8.PerfotlDllIlce by Mortgagee, Mortgagee may, but shall have no obligation, to do any actwhicb the Mortgal(or
<br />has.&jlr8ed. butl'ails 10 do, and Mortgllgee may.alSo do any act it deems necessary to protect the lien hereof. Mortgagor
<br />agreesto.repay; upon'demand; any sums so expended by the Mortgagee for the above purposes, and any sums so expended
<br />by the Morigagee shan be. ad.dedto the indebtedness secured hereby and become subject to the lien hereof. Mortgagee
<br />shalli'-otlneurlllly personal1iabllity because o(anythingit may do or omit 10 do hereunder,
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<br />9. . Default; Assignment of Rents.' Time is of the ess<lnce hereof, and upon Mortgagor's detatllt in any covenant
<br />or agreement oUhlsMortgage, including covenanlsto pay when due the sums secured by this Mortgage, the Mortgagee shall
<br />be' entitled, 'at Its sole option and without notice, to declare all sums secured by this Mortgage .to be immediately due and
<br />payable and may commence foreclosure of this Mortgage. by judicial proceedings; and, providedfurther,lhat upon such
<br />defatllt.theMortgagee, or a receiver appointed by a court, may at its option and without regard to the adequacy of the
<br />security, enter upon and take possession of the Property and collect the rents, issues and profits therefrom and apply them
<br />first. 10 thecos! of collection and operatlQn of the Property and then upon the indebtedness secl1!'edby thlsMortgagee;
<br />said rents, issues and profits being assigned to tbe Mortgagee as furtber security for the payment of tbe indebtedness
<br />secured bereby.
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<br />10: Transfer 'of Property; . If all or any part of the Property is sold or .transferred without the express written con'
<br />sent of the Mortgagee, Mortgagee may at its sole option, declare all sums..secured by this Mortgage to be inunedlatelydue
<br />and payable ,
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<br />11, Future. Advances. Upon request of Mortgagor, Mortgagee may.makeadditionaland future. advarices'to
<br />Mortgllg()r, Such advances, wi.th. interest thereon,.shall be secured by this Mortgage when evidenced by promissory notes
<br />staling that said notes are secured hereby. At no time shall the principal' amount of Iheindebtedness S8CUred'bythlS
<br />Mortgage, nolincluding sums advanced to protect the security of this Mortgage,exceed the original Note.
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<br />12, Miscellaneous Provisions.
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<br />On. this ?1,r ._ day of
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<br />Tlln.;'
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<br />~ .19..!.l.L" before. me,\hell.nclemigned. '..' Nolaly. Pnlill~,
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<br />(a) Any forebearance in exercising 8J>" right or remedy shall not be a waiver thereof.
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<br />(h) AU remedies provided hereinare~..lnct and cumulative to any other right afforded bylaworeqUity;-
<br />and may be exercised concurrently, independently or successively:
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<br />(c) The covenants and '~'eements contained herein shall bind, and the rights inure to, the respeJltlV~.
<br />successors and ....igns of the Mortgagor and the Mortgagee.
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<br />(d) All covenants and agreementsofthe Mortgagor are joint and several;
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<br />(e) The beadings of the p......graphs of this Mllrtgage are fo~convenienca only and shall'QQt beuaadt() inter-
<br />pret or deline the provisions hereof.
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<br />13, Release. Upon payment of aU sums secured by this Mortgage, Mortgagee shall discbargelhls :Mortg,..and
<br />sball execute and deliver a satisfactory release therefor,
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<br />INWI'rNESS WHEREOF, Mortgagor has executed this Mortgage on the.2.L day of .Tnn"
<br />
<br />__/~~;~~:';;-;~~;/ /;/;f ._/;~7 -,/)"
<br />',__ ''': /.",...;.f., _ _/_
<br />:~4~l'!ft.r.-...4'~' _/r~ ~1;/ ~_/-
<br />~Charles R. Neal) .
<br />
<br />-~- (~:.~-~Y'-.'.~"'~"~~" -\~6 ,,,~~\?---,j),"
<br />(Connie. .\J. Neal.)
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<br />stale of Nebraska, ._--1lall.__
<br />
<br />________COuntyss:
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<br />~ly commissioned and qualified for said county, ~lSOnally came rh~yl JQQ p~, ,Np_~T _ ;::\.n(l,,("~n'ni'_~ ~ ,1
<br />
<br />Neal... ." . .... . .'. . . ,tQ mekJloWn to.be~e
<br />identic;d. person(s) whose munels) are subscribed to the. foregoing instrument .and acknowledged. the llXil<'Ulionthereof
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<br />tobi. t"hf'ir
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<br />voluntary' act anddaed.
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<br />Witll~ my h811d81ldtIOtarialsea1 at Grand Iqland,NE
<br />date aforesaid,
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<br />
<br />MyComma.ionexpire<4~=iiiR:t>'~1?7f7/"~r-
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<br />Insaidi:i,im~ith;'
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<br />
<br />f-.....-....)
<br />. 7)<"'" ,'- :t;-::-
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<br />
<br />(~e Bdo~ -:pui;_
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