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<br />
<br />7, Condemnation. In the event the Property, or any part thereof, shall he 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 dam'lges to property
<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 actwbich the Mortgagor
<br />has agreed hut fails to do, and Mortgagee may aIso do any act it deems necessary to protect the lien hereof. Mortgllgor
<br />agrees to repay, upon demand, any sums so expended by the Mortgagee for the above ptuposes, and any sums so expended
<br />by the Mortgagee shall be added to the indebtedness secured hereby and. bee.ome subject to thee lien hereof, Mo~
<br />shall not incur any personal liability because of anything it may do or omit to do hereunder.
<br />
<br />9. Default; Assignment of Rents. Time is of the essence hereof, and upon Mortgagor's default in any.~t
<br />or agreement of this Mortgage, including covenants to pay when due the sums secured by this Mortgage, the Mortgagee shlIll'
<br />he entitled, at its sole option and without notice, to declar" all sums secured by this Mortgage.toch!!imD1l!diately'dueoand.
<br />payable and may commence foreclosure of this Mortgage by judicial proceedings; and, provided further, that upon sUch
<br />1efault the Mortgagee, or a receiver appointed by a coUrt, may at its option and without regard to theadequacy'Oit!lil.
<br />security, enter upon and take possession of the Property and collect the rents, issues andprofits1l1_from and apply;tf1eni
<br />first to the cost of collection and operation of the Property and then upon the indebtedness securedbythis~;'
<br />said rents, issues and profits being assigned to the Mortgagee as further security for the payment' of the indebt8diiess
<br />secured hereby,
<br />
<br />10, Transfer of Property. If all or any part of the Property is sold or transferred without the eXpteSS.wntt!ln~oJl..
<br />sent of the Mortgagee, Mortgagee may at its sole option, declare all sums ,secured by this Mortgage to be Immematcly due
<br />and payable.
<br />
<br />12, Miscellaneous Provisions.
<br />
<br />(a) Any forebearance in exercising any right or remedy shaIl not be a waiver thereof.
<br />
<br />(b) All remedies provided herein are distinct and cumulative to any other right afforded by law or ilcjulty,
<br />and may be exercisedooncurrently, independently or successively.
<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 I The headings of the paragraphs of this Mortgage are for convenience only and shall not he used to inter-
<br />pret or define the provisions hereof.
<br />
<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 satisfacto;" release therefor,
<br />
<br />IN WiTNESS WHEREOF, Mortgagor has executed this Mortgage on the~ day of
<br />
<br />Sept.
<br />
<br />,19~,
<br />
<br />.~~/ ::~,.'i-/ l:,'~' j ,
<br />',,_ / ... ./ k--t./,-i....c.___c-/~./ A '
<br />Keh I:l. Knox '1In>n>....
<br />
<br />'\ ~
<br />"Maril~~i-- ~ I _We<
<br />
<br />State of Nebraska.
<br />
<br />H,,11
<br />
<br />County ss:
<br />
<br />'"",
<br />'"
<br />
<br />On this _Kej day of :/1; p'C , 19 H, before me, the undersigned, a Notary Public ''\:.
<br />
<br />duly commissioned and qualified for said county, personally came Kpnnpth R Knox ''Inn 01,,1'; 1 yn M. Knox, ,~
<br />Husband and Wife :,"f;: ':.
<br />, to me known to be th~ "
<br />identical person(s) whose narne(s) are subscribed to the foregoing instrument and acknowledged the execution the~ ~.
<br />":' '..;.
<br />to ll<' his and her voluntary act and deed,
<br />
<br />Witness my hand and notanal seal at
<br />. date aforesaid,
<br />
<br />Grand bLUld
<br />
<br />My Gool~iollexpires:' Yh (;i ';/ .5;' ;'185'
<br />i GEN:.
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