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<br />7 . Condemnation. In the event the Property, or any part thereof; shall betaken byeminel1~dol/llliJi,the~r
<br />is empowered to collectandreceive all com~ensatio~which maybepai~foranyprollBrty;tIlken O!~~'~Fpr~':
<br />not taken,1lI1d Mortgagee shall apply such compensation,atlts'option;either to areducl:ionoftlJA!:indeb~dlWa;~:C:'"
<br />hereby or to repair and :'!8tore the property so. damaged. " , ", ", ' ,"
<br />
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<br />8, Petformance by Mortgagee, Mortgagee, ma~,' butshlillhave .110 ObIIglitiOIl,u>dOlinya#w,*~#~~;
<br />h~agreedbutfails to do, and MOrtgagee maYalSOd~an:factJtdeeDlSn~top'rQ~~~e.tietibe~
<br />agrees to repay, upon demand, lUlY sums SO expendedbytl)eMortg~e,f(irth~abpvep~;lllI$~Y~
<br />by the Mortgagee shall be added to the indebtedl1ess se""recl hereby lUld~~me;subjeetW:the"lieitbenio
<br />shall not incur any personal liability because of anything itrn,ay do;<iiomjtto~o ber.eJlitd<it;' " '" '"
<br />
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<br />
<br />9~Default; Assignment 'of .Rents.: Time is oftheessence:be~df,1.dUP~;MO~~~r'Sde~tin;;i~~;
<br />or agJ:eement of this Mortgage, including covenants to pay when duethe:sullll; secured'bythisMortgage,the;~rt~;ol1!1ll:
<br />be entitled, at its sole option and without notice, to declareall:sumssecured by:thisMortgage:to""inu:nedIl1telJ(il1Je~d.:,
<br />payable and may commence foreclosure of this Mortgage" by judicialproceedi~;aDl;\;, provld!>d "furtherit'1atUP9U:o~~J; .'.,
<br />default. the' Mortgagee,or a receiver appointed bya' court, may at its option . and without . ~:t6the,"~qUllc:yc>f, ~b.',:' "
<br />security, en..rupon.and take possession of the Property. and collect the rents,issue.;andpiofitsthe!",fr'''n,~~pwyyte~;; ,
<br />first to the cost of collection and operation of the Property and then.upon the indebte~~SI!~.bY;th~'~~~,;.;;;
<br />said rents, issues and profits being assigned to the Mortgagee as further security fortbe.paynient..oftJje,jlldebtedni!lii;;:,
<br />secured hereby, ' . ,. ,."
<br />
<br />10, Transfer of Property. !fall or any part of the Property is sold or transferredWithoutth";"li'p~'wHttei1,,~h): .'
<br />sent of the Mortgagee, Mortgagee may at its sole option, declare all sums ,secured by thisMortg>l~e.to beimll1Odlati!W lI,ue"
<br />and payable,
<br />
<br />11, Future Advanees, Upon request of Mortgagor, Mortgagee may makeadditionaland.futtire adl1anCes"to
<br />Mortgagor, Such advances, with interest thereon, shlillbe secured by .this Mort-gage when evidenced by promisso.y'notes,: ,
<br />stating that said notes are secured hereby, At no time shall the principal'amountoftheindebtedneSsS<1Cured'liYJliis"
<br />Mortgage, not including sums advanced to protect the security of thisMortgage;exceedtheoriglnaLNote: .' .
<br />
<br />
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<br />
<br />(0) Any forebearance in exercising any right,..~ remedy shall hlJt be 8 waiver-thereof.
<br />
<br />
<br />12. ,MiScellaneous Provisions.
<br />
<br />(b) All remedies provided herein are distInct and cumulative to any other right afforried ;by law oreqwty;
<br />and'may be exercised _concurrently, independently Of successively;
<br />
<br />(c) The covenants and agreements contained herein shall bind, and the rights inure to, the respective
<br />successors and assigns of the Mortgagor and the Mortgagee,
<br />
<br />(d) All covenants and agreements of the Mortgagor are joint and several.
<br />
<br />(e) The -headings of Lhe paragraphs of this Mortgage are for convenience onJy and shall not_be used to_inter",
<br />pret or define the provisions hereof.
<br />
<br />13, Release, Upon payment of all sums secured by this Mortgage, Mortgagee. shall discharge' this Mortgage and
<br />shlill execute and deliver a satisractory release therefor,
<br />
<br />IN WITNESS WHEREOF. Mortgagor has executed this Mortgage on the 2l1llday of
<br />
<br />l11no
<br />
<br />,19a4-,
<br />
<br />~~ <9~_
<br />-ill 1 i , Maltzahn ?
<br />
<br />Bo:.;rower
<br />
<br />~""-///.,.i" // -:_-_~/';"'-, /';l/~"
<br />(Vicki L. Maltzahn)
<br />
<br />->.-...-
<br />/;~ .J<../-;t.-" i......./:;:..<;:: ./ /
<br />
<br />Bonower
<br />
<br />State of Nebraska,
<br />
<br />Ha 11
<br />
<br />County ss:
<br />
<br />On this
<br />
<br />21st
<br />
<br />day of
<br />
<br />June
<br />
<br />, 19 --1l.!;., before me, the undersigned, a Notary Public
<br />Phillip 0, Maltzann and Vicki L,
<br />
<br />duly commissioned and qualified for said county. personally came
<br />
<br />Naltzahn , to me known to be the
<br />identical person(s). whose name(s) are subscribed to the foregoing instrument and acknowledged the execution thereof
<br />
<br />to be
<br />
<br />their
<br />
<br />voluntary act and deed,
<br />
<br />Grand. Island, Nebraska . -"'d t th
<br />- _/. :)al coun y, e
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<br />My commissiJ:;onexp~_.. _...... "......... "~r+/ .;/__'-;~ d~..
<br />r:~ ,.:.=~_" - _" -""WEBs-:/ No e
<br />'./ . " ,~., j..' My Co..... ""JIII111.19Il6 c/
<br />\~>\ '. ..J. . . '. (Sp.,e Below This Line Reserved >'0' Lende, and Reco"'<<)
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<br />Witness my hand and notarial seal at
<br />date aforesaid.
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