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<br />7. Cond.emnation. In the 2vent the Property, or 3..YlY part thereofj shaH be taken by eminent do~ain~ the Mortgagee
<br />is empowered to collect and receive all compensation which may be paid for any property taken or for damages toproPf'rty
<br />not taken, and Mortgagee shall apply such compensation, at its option, either to a reduction of the indebtedness secured
<br />hereby or to repair and restore the property so damaged,
<br />
<br />8, Performance by Mortgagee, Mortgagee may; but shall have no obligation, to do any act which the ~ortgagor
<br />h.. agreed but fails to do, and Mortgagee may also do any act it deems necessary to I'rotectthe lien hereof' ~o~!C
<br />agrees to repay, upon demand, any sums so expended by the Mortgagee for the above purposes,andany,sums SO 'el<P<lfided'
<br />by the Mortgagee shall be added to the indebtedness secured hereby and become subject to the lien'bereoLlilort~',
<br />shall not incur any personal liability because of anything it may do or omit to do hereunder; " ,
<br />
<br />
<br />9, Default; Assignment of Rents. Time is of the essence hereof; and upon Mortgagor'sdefaultin'aItyco.:e]lllJlt"
<br />or agreement of this Mortgage, including covenants to pay when due the sums secured by this Mortgage,: the Mortgagee,liliall '
<br />be entittedJ at its sole option and without notice, to declare aU sumssecu:red:bY'-th~s'Mortgage-.tG bt1_im~~:n-a_~~~;.'~u#'a!1d:;',
<br />payable and may commence foreclosure of this Mortgage by judicial proceedings;and,provid<1dftiither,ctbat:upon,sucl!h:'
<br />default the Mortgagee, or a receiver appointed by a court, may at its option and withoil,t 1'l!gard'to t\1,,, adequl!cy'ofittiOi": '
<br />security, enter upon and take possession of the Property and collect the rents, issuesanu profitstherefJ:om~!I'aP.P-IY,:~eP!;' :,',
<br />first to the cost of collection and operation of the Property and then upon theindebtednesssecuredl)y t/!\s:iM~~ii""
<br />said rents, issues and profits being assigned to the Mortgagee ..further security for the pa".,entof th"" inllJ>b~!Iii~' "
<br />secured hereby, '
<br />
<br />10, Transfer of Property, If all or any part of the Property is sold or transferred without the ,express :Wrlj;tenconc'
<br />sent of the Mortgagee, Mortgagee may at its soie option, declare all sums ,secured hy this Mortgage, to be!mIllci\i8hdy,dU(!"
<br />and payable, '
<br />
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<br />11, Future Advances. Upon request of Mortgagor, Mortgagee may make additional andftiture'adv2IU;esctoi; ,
<br />Mortgagor, Such advances, with interest thereon, shall be secured by this Mortgage when evidenced by.promiSs9'Yllot",a"
<br />stating that said notes are secured hereby, At no time shall the principal " ,1Ount of the indebtedness securC'i1 Wthis , ,
<br />Mortgage, not including sums advanced to protect the secl;rity of this Morig.,.- .xceed the original Note.
<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 or 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 paragraphs of this Mortgage are for convenience only and shall not be used tointerc
<br />pret or define the provisions hereof.
<br />
<br />
<br />(a) Any forebearance in exercising any right or remedy shall not be a waiver thereof.
<br />
<br />(b) All remedies provided herein are distinct and cumulative to any other right afforded hylaw or equity;
<br />and may be exercised concurrently. independently or successively.
<br />
<br />13. Release, Upon payment of all sums secured by this Mortgage, Mortgagee shall discharge this Mortgage. and,
<br />shall execute and deliver a satisfactory release therefor.
<br />
<br />
<br />August
<br />
<br />Stale of Nebraska.
<br />
<br />n Ann Wash) ,0
<br />,_~,,_1~_____ _______County ss:
<br />
<br />~ '~".,
<br />
<br />, 19~, before me, the undersigned, a Notary Public '" '!J
<br />W' 11' R W '1 d S ' \ W I ~ ,~:\
<br />duly commissioned and qualified for said rounty, personally came 1 lS . aSl an usan ton aSl ":.... '~'.<
<br />
<br />HUSBand and l-iife , to me known to be the " ~
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<br />identical person(s) whose name(s) are subserih<-d to the foregoing instrument and acknowledged the execution thereof N '(
<br />,..J ..)~ 0.:-
<br />t h<- their I ta t dd d "''?\ <-
<br />o __________ vo un ry ac an ee, \' >\ \::,
<br />
<br />Witness my hand and notarial seal aL__"__~~E_~!.~~._.~~~~I_~_-.--:~~brask~_.__.._.._.~in said county, the(~ I,... \;"\
<br />dale aforesaid, '..,
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<br />On thiL
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<br />My Commission expires: -,'
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