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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 for any. property taken or for damagl!S to property
<br />not taken, and Mortgagee.shall apply such compensation, at Its option, either to a reduction of tbe indebtednessseeurec1
<br />hereby or to repair and restore the property so damaged,
<br />
<br />
<br />I"
<br />
<br />8. Performance by Mortgagee. Mortgagee may, but shall have no obligation, to do any act which tbeMo~
<br />has agreed but falls to do, and Mortgagee may also. do any act It deems ne~ to protect tlie lien he",of;Mortg$g~ '
<br />agrees to repay, upon demand, any sums so expended. by th~Mortgageefor tbe abov~purposes,and,anYS1J~.s6~pel!~9
<br />by the Mortgagee shall be added to the indebtednesssecuredherebyandbecomesulijecttotbelien~reof;~~,
<br />shall not Incur any personal liability because of anything it may do or omit to 'do hereunde" ,. '.,.c '.
<br />
<br />9, Default; Assignment of Rents, Time is of the essence.hereof,8IlduponMllrtgagor'sdetallltin'micilVeWu{t
<br />or agreement of this Mortgage, including covenants to pay when due the sums securedbytbiscM()rtgage,tliellf,,~~~l
<br />be entitled, at its sole option and without notice, to declare all sums securedbythisMortgagr!,to'he:ill1l11ediately~ue'imil.
<br />payable and may commence foreclosure of this Mortgage. by judiclalproceedings;.and,' providedflirther) tli8tujIDD'.~,
<br />default the Mortgagee, or a receiver appoInted by a court, may at Its option and without regard to the,adeqlUlCY'of,tbe;
<br />security, enter upon and take possession of the Property and collecttbe rents, issues and profitstherefrOln8JIdapp~i-thelJl' ,
<br />first to the cost of collection and operation of the Property and then. !!pon the Indebtedtles$secured,bY;.this-M,,~;
<br />said rents, issues and profits being assigned to the Mortgagee as further security for.the paYIl1!'nt oftbe'indebtedilill1s,
<br />secured hereby, -
<br />
<br />10. Transfer of Property, If all or any part of the Property is sold or transferredwith"uttlle expiessWrit#nc"i!:'
<br />sent of the Mortgagee, Mortgagee may at its sole option, declare all sums ,secured by this Mortgage.to be imriIediat~ly'ciue
<br />and payable, '
<br />
<br />" -~ .<:!
<br />
<br />',;r(:/:::_',_~
<br />."j..i"
<br />
<br />
<br />c~" ~,
<br />
<br />11, Future Advances, Upon request of Mortgagor, Mortgagee may make additlonal:andfutUre..adv,,;,,:es;tci"
<br />Mortgagor; Such advances, with interest thereon, shall be secured by this Mortgage whimevidenced'by promlSsory'riiites', ,
<br />stating that saId notes are secured hereby, At no time shall the principal amount ofthe indebtedneSs secureil'DyC'thiS
<br />Mortgage, not including sums advanced to protect the security of this Mortgage, exceed the 'origiruil Note,
<br />
<br />(a) Any forebearance in exercising any-right Of remedy shah dot be a waiver thereo[
<br />
<br />(b) All remedies provided herein are distinct and cumulative to any other right afford."t by laworeql1itf;
<br />and may be exercised concurrently; independently or successively.
<br />
<br />
<br />12. Miscellaneous Provisions.
<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 the parag.-aphs of-this Mortgage are for convenience. only and shall not be-used to<intei:o
<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 />shall exeeute and deliver a satisfactory release therefor.
<br />
<br />IN WITNESS WHEREOF, Mortgagor has executed this Mortgage on the..lL. day or JulY ,19 ~,
<br />
<br />~.t~
<br />
<br />(Stephen ~. Thuernagle) Bouower
<br />
<br />1.{2~<JA'(~, dA.lHA4~
<br />(Deborah J. Th ernag1e) .~ Borrower
<br />County ss;
<br />
<br />Hall
<br />
<br />State of Nebraska,
<br />
<br />On this
<br />
<br />12th
<br />
<br />day of
<br />
<br />Julv
<br />
<br />, 19..Jl!L., before me, the undersigned, a Notary Public
<br />
<br />duly commissioned and qualified for said county, personally came Stephen J. Thuernaq1e and
<br />
<br />Deborah J. Thuernag1e , to me known to be the
<br />identical person(s) whose name(s) are subscribed to the roregoing instrument and acknowledged rhe execution thereof
<br />
<br />to be
<br />
<br />t-hpir
<br />
<br />voluntary act and deed,
<br />
<br />~"
<br />C)
<br />
<br />Witness my hand and notarial seal at
<br />date aforesaid,
<br />
<br />MYcommiSSioneXPjlres~;' .J.:.=Z~ CTk, ", ,~cn, 7h Cx.#,(l"!~'AbhC
<br />!- , rr-' -,-)
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