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<br />r
<br />
<br />7. . Condemnatian, In the event the Property, .or any part thereof, shall be taken by eminent domain. theMa~
<br />is empowered to collect lUId receiv~ all campensatian whichmaybepllid far any property taken "rfor damllllestoProperty
<br />not. taken, lUId Mortgagee' shall apply . such campensation, at its option, eithertoa reducti.on of thelnciebtedness &eeUll!d.
<br />hereby. .or to repllir and restore the property sa damaged.
<br />
<br />8.. PerfDfIIlance by MDrtgllllee. Mortgagee may, butshaU have no .obligation; tada any act "jO'bk;hthe Mo~ar
<br />has agreed butfailst.o da, and Martgagee mayalsD do any act it deems nccessaryto llllltecUhe lienhetea~ ~Ol
<br />agreeS to repay, upon demand, any sumssn expende4 by the Mortgagee far the llhovellurposes,. andanysUDlf! .so.~d
<br />by the Martgagee Sh8iF be added to the indebtedllesssecureQ hereby.andbec.ome subject to .the lien hereof; 'M~ .
<br />shall notincurany persanalliability because of anything it may do .or .omit to dahereu~der.
<br />
<br />
<br />9. Defllult;Assigmnent .of Rents. Time is of the essence l1ereof;anihtPDnMortgagor'saefaiiitiil~;~f\~<'
<br />Dr agreement of this Martgage, including cavenantsta pay when due the sums&eeured by this ~ll!1l~Mo~~81h.~; ,..... .....
<br />be entitled, at its sole optian and withaut natice; to declare allsurns seC1ll'ed ~.tbis.Martgage;tobeiIRmedilltel.y'~'lIJi9:,' .
<br />payable and may commence foreclosure of this Mortgage by juljicial proceedlngs;and,pra~d.furtbllr.that'~~l>'; "'_
<br />default the Mortpgee, ora receiver appainted bya court, mayatits option and without.regard:.tO;the ~!if~ ' .... ..~
<br />security, enter upon. and take possession .of the1'roperty1ll1dcol1ect therents;issues8l1dllrofi~tillm!~IJ1;jlll!t~(~\ .... ..'... ....;;;
<br />filSt ta the cost afcollectianand .operatian of the Prop.,rty and .tben upon the indebtedness,secureii'~~~"., .
<br />said rents, issues and .profits being assigned to the Mortgagee asfurthenecurityforthepa)'llleDt.€lf.,the.i~~~.' ..'. ,-
<br />secured hereby, . 0'. 'f"
<br />
<br />10. Transfer af.Property. If all or anypartofthePropertyissaldartranSfenedwith'o~tthlleJqJ~~~) ,f'- ........
<br />:~t ;.~~~e~ortgagee' Martgagee may at its sole optiDn, declare all sums ,secured by tbisMongageto 6al~y'~ .0 '>,. ::' ::
<br />
<br />." , ", -.~._ - r. ",_~_
<br />11. Future Advances, Upon request of Mortgagar, Martgagee may rnalte additjan81 andf\l_advanl:e,:'tG" ".,
<br />MortgagDr, Sucbadvances, with interest thereon, shall be secured by this Mortgage whenevicienoodbY;PJOIlliSsorY;!\O~;i;;;':fY;
<br />stating that said notes are secured hereby, At no time shall the principal amount .of the Qldebtl!dn""'~~ . 0<' ..,
<br />Mortgage, not including surns advanced to protect the security .of this Martgage, exceed the original NOti), .' ,..;,;.
<br />
<br />Any forebearance in exercising any right .or remedy shaH nDt be a waiver thereof,
<br />
<br />
<br />~~~: J;-:'-,<
<br />
<br />12. Miscellaneous Provisions..
<br />
<br />o..+~---, ~-~
<br />
<br />(a)
<br />(b)
<br />
<br />"--C",-'-".l ,',',
<br />,,,;";:;,
<br />
<br />. . .'
<br />All remedies pravided herein are distinct and cumulative to any ather rightaffDrded. bylaw Olllllqityj...'
<br />and may be exercised concurrently, independently or successively. . . .,
<br />
<br />(c) The coVl!nanls and agreements contained herein shall bind, and the rights inure to,the'iesjJllCfift;
<br />successars and assigns .of the Mortgllllor and the Mortgagee. .
<br />
<br />(0) All cDvenants and agreements .of the Martgagor are jaint and several.
<br />
<br />(e) The headings of thll paragrapbs of this Mortgage are far convenienCll only and shaJ1 nat be usedtointer.,
<br />pret or defme the provisions hereDf.
<br />
<br />13. Rellla5e. Upon payment .of all sums secured by this Mortgage, Mortgagee shall discharge thlSMartpge and
<br />shall execute and deliver a satisfactory ",lease therefar.
<br />
<br />IN WITNESS WHEREOF, Mortgagor has executed this Mortgage an the 17t!'day
<br />
<br />
<br />,19~.
<br />
<br />_.or
<br />
<br />State .of Nebruka,
<br />
<br />Hall
<br />
<br />County ss:
<br />
<br />On this 17th day of October. 19J1.L, befare me, the undersi~ed, a N~tary PIlblIC~
<br />
<br />duly commissioned and qualified far said county, personally came Robert O. Pape and Phllomenla O. ) ~
<br />P H b d d \01' f '\,".>
<br />ape, us an an 1 e , ta me known to be the ;;.:'
<br />identical person(s) whose name(s) are subscribed ta the fDregoing instrument and acknowledged the execution thereof ,.,'~
<br />
<br />to be the i r valuntary act and deed, ":t :~
<br />
<br />dateafa~~~ my hlUld and notarial seal at Grand IS19:nd NebraS~ka :;r' saidcounty.thll,~""
<br />
<br />--..... My Commissian expires: /J \,z
<br />""........ J;----....... ~ .. ' .J;-. ; ':
<br />....z') '.Q JON F..... Nolax)' Public , ..) ",: '\
<br />",::;:-- .,........17._ / ~
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