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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 damages to prope,rt}i,
<br />not taken, and :Mortgagee shall apply such compensation, at: its option, eith~r to a reduction :of the,indebtedneSS.s.:eiired , '
<br />hereby or to repair and restore the. property so damaged,
<br />
<br />."',-' ,....,
<br />8, Performance. by Mortgagee. Mortgagee may ,but shall have no, oblig~tion,to doanyactwbJc~ctheM:o~~r,' " .'.
<br />h..agreed but fails to do, and Mortgagee may also do any act itdee~ necessaryctopr.o~ct,th...:lIel!~~J'!!9fi;M" ' ,
<br />agrees to repay, upon demand, any sums so. expended by the Mortgagee for theab'1ve'p1irI>~; 8Ild;8Iirsu~~,',
<br />by the Mortgagee shall be added to the indebtedness secured hereby an? OOc()roe:su~jefqoJhelieil'~*,of;Mi>
<br />shall not incur any personalliabilitybecauseofanytbing it may'do or omit to'd(th~reund.t;, " .,,,
<br />
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<br />9, Default; Assignment of Rents, Time is of the essence' hereof,anduppn,M:';rtgBglll!sdif~
<br />or agreement of this Mortgage, including ,covenants t.o pay when due the sums secured bycthls'M6rtgagej
<br />be entitled, at its sole option and without notice, tode.lareallsumssecuredbythis Mortg&g'e'{o',tie;
<br />payable and may commence foreclosure.of this Mortgage by judlCialproeeedhigsFand,'provi
<br />default the Mortgagee, or a'receiverapPointed ,by a court, maY at its option an,j 'witlio '
<br />security, enter upon and take possessIon ofthe Property an<tcollectth..,rents, issues'an,j '.' " ',' .. ." ,
<br />first to the cost of collection and operation of the Property and'thenuppn:the, indGbtedIiess:s.;cul:ill\.mr'" .',' ,", .,
<br />said rents, issues and profits being assIgned. to. the Mortgagee as further security for; the JllI.ynient :ofSthe".I,!!dc<!f.:
<br />
<br />secured hereby. . . . .... . ". . .' ' ..', "",",,,;"':'"":,
<br />10, Transfer of Property, If all or any part ofthe Property is soldm tTaI1sf.rredwithoutiJ>e~~:~tii!n:~on;:t,; , '
<br />sent of the Mortgagee, Mortgagee may at Its sole option, declare all sums ,secured bythisMQrtgagll'to:'be'ill!'."edfa~!y'~1ie:r
<br />and payabie. '
<br />
<br />
<br />c._,'., .-,c,',
<br />;-~;;,;~jf~
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<br />11, Future Advances. Upon request of Mortgagor, Mortgagee may makeaddltionalandftiture\lldvan~:io'];: ,'.,
<br />Mortgagor, Such advances, with interest thereon, shall be secured by this Mortgage when evidenced'bYPJ:0011Ssory;n.o.teS;,;
<br />stating that said notes are secured hereby, At no tim.. sball the principal amount octhe' indebtedneSs :se<!uIed IiYtbls"., ~,
<br />Mortgage, not including sums advanced to protect the security 0: this Mor..gf" ~oP., exceed,the-origi~ai-:No'te4
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<br />(a) Any forebearance in exercising any right or remedy shallnotbe a waiver thereof.
<br />
<br />(b) All remedies provided herein are distinct and cumulative to any other right afforded by Ia:w' or equitY.
<br />and may be exercised concurrently, independently or successively.
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<br />12. Miscel1aneous Provisions.
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<br />(c) The covenants and agreements conmined herein shall bind, and the rights inure tO,the respec~ve
<br />successors and assigns or the Mortgagor and the Mortgagee.
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<br />(d) All covenants and agreements of the Mortgagor are joint and several.
<br />
<br />(e) The headings 01 the paragraphs of this Mortgage are for convenience only and shall not lJe.usedtointer,
<br />pret or define the provisions hereof,
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<br />13. Release. Upon payment of all sums secured by this Mortgage, Mortgagee shall discharge' thiS Mortgage an(\,
<br />shall execute and deliver a satisfactot)' release therefor,
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<br />
<br />,19 M....
<br />
<br />BOi.rower
<br />
<br />Bol'fQwe.r
<br />
<br />State of Nebraska,
<br />
<br />Hall
<br />
<br />County ss:
<br />
<br />On this
<br />
<br />30th
<br />
<br />day of
<br />
<br />Auqust
<br />
<br />, 19~, before me, the uudersigned, a Notary Public
<br />
<br />I-
<br />o
<br />~
<br />"-
<br />ill
<br />l.l:l
<br />~
<br />
<br />duly commissioned and qualified ror said county, personally came Dann y K. Oberq and Kimberly S.
<br />
<br />Oberg , 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 />their
<br />
<br />to be
<br />
<br />voluntary act and deed,
<br />
<br />..:
<br />
<br />~,
<br />
<br />Witness my hand and notarial seal at
<br />date aforesaid,
<br />
<br />Grand Island. NE
<br />
<br />. in said county, the
<br />
<br />d
<br />
<br />My Commission expires:
<br />
<br />J:C8ifJW. NOTARY. SlIle 01 Hebr_
<br />JANIE TRUMP
<br />.., Coaw. Up. J.... 22. 1985
<br />
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