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<br />
<br />7. Condemtllltion. !ntlle even I tile PrOperty, or anyparttllereof, sh&llhe takenbyeminentdOlDam,tbeM~ .
<br />is empowered tneollectand recelvullcompensatlonwhieb maybe paid for any property taken.oru.r~l.opropedY'
<br />not talten, and Mortgag/le~l.applysuch'compensadon, etlts opdon; eltbel'to aredlJl!Uonof~be Indelltedllf$8'~'"
<br />hereby or torepalr andrestole. the.propertyso damaged. .
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<br />Any forebearance in exercising any righl or' 'ti)' iU;all not be ~ ....lverthel'eOf.
<br />
<br />r\lI remedies providt'd herein are distinct and cumulative to any other ript affOtded by.laW:or....tr..
<br />and may be exerdsed :xmcurrently. independently or sueee..ively.
<br />
<br />The covenants and """",ments contained herein shall bind. and the right8mUIe to,tb.:~
<br />5U<<essoTS and assigns of the Mortp.gor and tile Mortp.g"",
<br />
<br />All covenants and agreements of the Mortgagor are joint and several.
<br />
<br />
<br />; '. .---- 'j ~.
<br />
<br />8'. P'erforlilance byMortpgee.Mortgaiee may, but shall hllve 1100bligation,toclo lmVlct~ch.tb
<br />b~ agnJed hUt failsw <II), and Mortgagee may also do any act il deems ~. to.~rotecitbll(llell. ...... '.'
<br />ag.rees. to repay, lipon Ill>mand, any SUDlSSO expended by the~fQltb,aboVl!~;and~~
<br />by the MQt1;gagee shall be added to the indebtlldne$8.SOOllredherebYBl1d'~subje!lt"t(I~eJ~f. .'
<br />shall not ineurany pen;onalliability ~ of anythit1g It may dOQr ()IIIl(to lIoliere~'"'' - - - ."
<br />
<br />9, Default; AssIgn_t of RtlIIts. Time is of the ~'h~f,alldl.\~~o~"s~m;;
<br />olag/'l'ement oftbis Mort~, mduding covenants to pay whel1d\letliesums ~b1;tliJB.M '
<br />be entitled; at its sole option and without noti~, to dedanlall~~bythJ&J,i~.f
<br />payable. and ~y comml.'nceforeclosure of tilLS Mortllill<l by jUdleiatcp~;llltd;ptcmd8Q':
<br />defllultthe Mortgagee, or a_iverappolntoo by a court, may at ltsoptfon-.andW1tt1OQt:.~\
<br />security,enter upon and take passesslon of the Property and eoIlect the rents, ~'andplOtrts
<br />flist to the cost of eoIIeetlonand operation of the Property and thllt1upon. thelndebteditetS .
<br />said rents, .lr..Qes and profits being assllJlled to tlte Mortgagee lIS fuithetseeUrlty for the' ~~ot,\tiie}
<br />secured hereby. . ...
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<br />HI'. Transfer of Property, If all Ol any part oftb" ~operty ls sold or traMfem.twltl1ovttlie\u~~
<br />sel1t of the Mortgagee, Mortgagee may lit its sole option, declaJe altsums,~d bythls'M~.\to;~..,..
<br />and payable. ' .
<br />
<br />11, Future Advance&. Upon request of Mortgagor, Mortgagee maymakeaddl~'iIld,~~.jta~f\"
<br />Mortgagor, Such advances, with inte~ thereon, shall be seeUredby tbis Mol'tpgl>when evidell@iY~~j{";c
<br />stating that said notes IU'P secured hereby, At no time shall the principal amount.,f the.lndI!titedII_see.inW'~':;";' ~,
<br />M~, not Including sams advanced toproleet the security of tbis Mortgage, eltceedtbtorlginal'Note.
<br />
<br />12, MiliceIllllHl<>Dsi'rovliioll5.
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<br />{~} The ~ldinv of the- p:a~phs .of t.~ M~~~ L~ fO!: eonYenie~ 9n!)i Lnd--she!L!1~.~_'tMd:,io.in~< : :;:: ,,~.
<br />prel or dt'nne th. provisions bereof.
<br />
<br />13. Rm...., Upon payment of all sums ....cured by tbis Mortgage, Mortgagee shall dlsellugethis Mortpge. ao.d
<br />shall execute and dell.....r a s.ousCIlf:tnry release \herefor,
<br />
<br />
<br />IN WITNESS WHEREOF, Mortgagor has executed tbis ~~e on the 6th_ day of
<br />
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<br />~____ t~;.} . ! '/"(~"::L ___
<br />J. "RUSSELL '
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<br />p~(~:~ /i(~J.dV
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<br />State oC Nebraska, ....' _._.__~.J}_._..__,.'.._.____..__County $S;
<br />
<br />Arutust ,19 a.
<br />
<br />lJaUo..,
<br />
<br />8Qftow....
<br />
<br />On this .._.. 6tJ:._. day of __..__ August
<br />
<br />_.~ 19_84 . before me, \he undersigned, a Notal'y Public
<br />Thams J. Russell and Glenda
<br />
<br />duly commisslOned and Qualified for said <'Qunty, personally C-lime.
<br />
<br />___..K....... RII~ 11 __, to me known to be the
<br />identical pelSOll(sl whose "'"ne(s) are subscribed 10 the foregoing instrument and acknowledged tbe exooution thereof
<br />
<br />to be, blS and pA~'
<br />
<br />voluntaIy act and deed.
<br />
<br />Witness my hand and notarial seal al._..~Island
<br />dat..! aforesaid,
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<br />_..__.___.---;-___insaid county, \he
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