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<br />84 - 005853
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<br />7, CoodemlUltion. In the event the Property, o. any part thereof, shall be taken by eminent domain, the Mortgagee
<br />is empowered to collect and ~:ive ail compensation which may 00 paid for any propert'j- taken or for dam~ to ptopetty
<br />not taken, and Mortgagee shall apply such compell5lltion, at its option, either to a reduction of the indebtedness secured
<br />~rehy Qr 00 ~palr _~nd Mt:Q~ tb~ p:mperty so d.amagetl
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<br />r
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<br />(a) Any forebearance in exercising any right or remedy shall not be a waiver thereof.
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<br />ib I All remedi.. proYided herein aro distinct and cumulative to any other right afiordea by iawor equity,
<br />and may be exercised concunenUy, independently or successively.
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<br />8. Performance by Mortgagee. Mortgagee may, but shall have no obJigatiol1, to do any act which thl! Mortgagor
<br />has. a;reed but fails tQ do, and Mortgagee may also do any act it deems nece&Sal)'. to protect the lienbereof..M()~
<br />as~ ;0 rep::.y, upon d!!!!1!mdi ~my ~U11l5 so expended-uy- the MOi'tiAiee f~ tli5 abvva ii'.L.~~ a.~~:m.~ s:ums"$O.~~~-
<br />by the Mortgagee shal! -be added to the indebtedness secured be..~hy -ana OO~ &Inject w the iien ~f..:_M.~~-.
<br />shall not incur any personal liability because of anytbHlg it may do or omit tQ do hereunder.
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<br />9, Default; Assignment ot Rents. Time is of the essence hereof, and UpoD Mortgagor'sdeiaulfln any COV!!ll8lltc
<br />or agreemeotaf this Mortgage, including covenants to pay when due the sums secured by tblsMor'".gage.,the Mortgageesblllli
<br />be entitled, at its sole option md without notice, to declare all sums secured bytbis Mortglige.to be iUllllediatj1ly dtteand,
<br />p:yab!e..a:e.rl may re!!lme~ fo!?-d-9Surn Q! th~ MmtpgH by Judicial !,i~~:and,p;ro'rl~~,~~,tti~-~~.a.<'
<br />deiault 1he. Mnrtga.,--ee, or a receiver appoint..d by a court, may at its option and without regard to. the.lIdequacy()f the
<br />oocurity, enter upon and take possession of the Propefty and collect the rents, issues. and protitstherefzom and applyth!m
<br />tirst to the cost of collection and operation of the Property and then upoD tbe indebteclnesaSllCUl'i.ci,Dy tbitiM~,
<br />.said rent-'i1-issueS:' md profits being a:JSlgll@d to the Mortga:pe as i~r Kcili'lty ,fvi.the paym..~"of.:~ m~~
<br />secll:Ra heRby.
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<br />10, Transfer of Property, If all or any part of the Property is sold or transfl,>rred withouttheexpres&Wrltten.c()n-..
<br />sent of the Mortgagee, Mortgagee may at its sole option. declare allsums.secured by this Mortgage to bejmmedjatelydue-'
<br />and payable~
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<br />11. fulUd> Auvan",--a. Upwi ~qU:Ctt of Mvrr~.gfi~\
<br />Mortgagor, Such advances, with ,...t.ertiit ther>,,,,,. ~",IJI b<! ",c' . vi lly tbi.t ldortgage when evidenced by ~:no_/
<br />stating tbat said notes are secured bereby, At no time shaH the principal amount of the indebtedness secliiid 1iY'~
<br />Mortgage, not including sums advanced to protect the Sl!curity of this Mortgage, eXL'eed the original Note.
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<br />.."-_~1I~~____._ D-~~_;~__
<br />J.-'. mUK.~J:~;[ U,l"~RI'IJ.3.
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<br />ICI The COR>nants and agreements contained herein shall bind, and tbe rights inUNto, the respectiVe
<br />s"cen_IS and assigns of the Mortgagor and the Mor1gagee,
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<br />I d I All cov.nants and agreements of the Mortgllt!OI' are joint and several.
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<br />t") The headings of th.. pamgraphs of this Mortgage are for convenience only and shall not be used to inter-
<br />prt't or define the provisions hereof.
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<br />13, R..~, Upon payment of all ,urns seCUrL>d by this Mortgage, Mortgagee shall discharge this Mortgage and
<br />shall execute .md delher 1lJ;<lw.facto,'Y rel~ therefor,
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<br />IN WITNESS WHEREOF, Mortgagor has eXecllted this Mortgage on th~}9t~y qr</ Octol,er ,19~,
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<br />/'.:::>/~::>;/:/ ( e/:::~J,
<br />/' /' /,,~..<: . ''''';~/?..r:://
<br />-'.(!1-'~-'G~a0'1 /~^-~. ~elch) ,~_.:/~- J -'-f l:.- -~
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<br />'._~_ j' [<.if) 'i I'~''''' l /"
<br />/' ,/ .!_~~J.J' / F ():'f: ).~
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<br />'-~:t~~!'l ~j W~'o l,d!> !
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<br />Boaower.
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<br />Bono....
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<br />State of Nebruka,
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<br />Hal 1.
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<br />____.('.AJunty ss:
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<br />On tltis--'-~IJ-'-__day oi_._._~~ot-:,::~_ 19_~_, oofore me, the under.liglled, a Notary Public
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<br />duly rommissioned and qualified for said county, perwnally came
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<br />Mtct~~l .J. ~0tch ~nd Holiy
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<br />W(l_ic:h,. H'_,st,and and ~\litc
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<br />, In me known to be the
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<br />If!enUt"...M ~!''Y)n~~' wh~ n;'J;~h, alt- 3ut&rihi;d tc ~~~ f~r:;; ;i"~:;:::==:'~ ~d: ~.:!'..n!.!'!:'!erl~rl ~~ ~~I!I".'Diicu1 ini:\reof
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<br />to 00 _._.,.:;,il,'!':.:::_..____.__ voiuntary act and deed.
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<br />WltMss my hand and notarial seal at ___
<br />date afOf\lS&id ,
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<br />My C-ommiss\OIl .Xplres:" ---.....11....
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<br />....,=:.~-
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<br />Grand Isla!ld. Nebraska
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<br />In said ccunty. the
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<br />-~.~:~~~~
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<br />NoWY Pu.hUQ
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<br />,-----.....-....-~.-~-~,~--.--~....~--.-..-~ ~s~ klO\ilil' -I1U!5!..w. R~:rv~ For Lendt!lf Old Recotder) __'_H_~__._..____.~_'^.._____
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<br />"iOCl~llit>_ 't:M
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