|
<br />q4 ~ .....^....n~4
<br />~-"~ UU;lOiJ :.
<br />
<br />I
<br />
<br />7, C.ondemna.tion. In the event the Pronedv, or any !1m th?reof. dlall be taken bv eminent domain, the Mortl!al!ee
<br />is empowered to oollectand receive aU compensation which may be pald for any property taken or for damages to property
<br />!rot !a!!~~-,. aarl M!L~e_ Studl apply Sl!~Ji oc-:n~~-ti~'!~ at !~ (tI!)Wm, ~ith!", to -a -~du('-t.iQO Qf tl1.~ ind~d~e$$ ~~d
<br />herehy or to repalr and restore the property so damaged.
<br />
<br />8. Performance hy Mortgagee, Mortgagee may, but shall have no oblil;8tion, to do any act which tbe MoriNor
<br />has agreOO but fuUs to do, and Mortgagee may also do any act it deems necessary topr~t me hen hereoi'.Mortgagor
<br />agrees to Ie!niY, upon dellliliid, any SUlIlli SQ expended by the Mor"gagee for the ahove pur-~,anaany sums so expended
<br />by the Mortgagee shall be added to the imlebtedneliS secured nereby and becomesuhject to the lien heteof. Mortgagee
<br />shall not incur any personal liability breause of anything it may do or omit to do hereunder,
<br />
<br />9. Default; Assignment of Rents, TIme is of the ll$Sence hereof, and upon Mortgagor's defalllt.ill anyco...~t
<br />or agreement oft.'Jis Mortgage, including covenants to pay when due the SUlDlIlIeCIU'i!d by this Mortgage, the Mortgagee'.slWl
<br />be entit!ed~ at Its sole option and without notice, to declare an sums s.ee~d by- this :Mortgage.to -00 iwmttdiaieiy ,dU:~Utnd.;
<br />payable and may commence foreclosure of this Mortgage by judicial proceedings; and, plO1lided fur!;her, thatupcinll\lcil: '
<br />defauit the Mortgagee, ot a tm:t!hel' appointed by a court, i1Uiy at- ita: iiption and witt"~~ repnt--.tG tbe:-adeqi,ik7:,'wfith,F
<br />security, enter upon and take possession of the Property and collect the renta,issues and proiitl.theftlfromandapply"~
<br />first to the cost of collection and operation of the Property and then lipon theindebtedllfi$secured bythwcMol;tpgee,
<br />said rents~ j~e$ aild profits being iiSSiififfi to the Mo~ iii fw"i;ber- security fVi -t.,...e paymS'lt-of-tht;:-~~
<br />secured hereby,
<br />
<br />10, Transfer of Property, If all or any pari of the Property is sold or transferred without the exp:ress l1l'ltten COll-
<br />sent of the Mortgagee, Mortgagee may :t its soie optionl declare 1"1 sums ,securea by this M"orlpge- to be ittl,mediaieiY gue--'-
<br />and payable.
<br />
<br />11. Future Advan-. Upon "'que" ': 1 Mor.gii,o MOHPJle<' may make additional andfutute ad~,to
<br />Mortllagor, Such advances, with interest thereon, shall be secured by this Mortgage when evidenced byProllliSaoJy;llOtesc
<br />stating tIlat said notes are secured hereby, At no time shall the principal amount of the indebtedneSs ~bY-fuis
<br />Mortgage, not including sums advanced to protect the security of this Mortgage, exceed the original Note.
<br />
<br />12. ~Wi Proviliions.
<br />
<br />(a) Any forebearance in exercising any right or remedy shall not be a waiver thereof.
<br />
<br />fb) All remedies provided herein are distinct and cumulative to any other right afforded by law 01' equity,.
<br />and may be exercised concurrently, independently or successively,
<br />
<br />(e.) The covenants and agreements contained herein shall bind, and the rights inure to, tile respective
<br />5i.i~~b Qr"nl Q"..stw.'13 o.f th~ Mo:'t;::i{};' :.nd th€ Mc..-1.g:gee.
<br />
<br />
<br />(0) All covenants and agreements of the Mortgagor are joint and several,
<br />
<br />Ie) The hl'.adin;:s of tile paragraphs of this Mortgage are for oollvenlllnce only and sbaUnot be used to inter.
<br />p.ret ordeline the provisions hereof,
<br />
<br />13. Release. Upon payment or all .ums secured by lhis mortgage. Mortgagee sh,.;i discharge this Mortgage and
<br />shall execute and deliver a satisfactol'Y reiease therefor.
<br />
<br />IN W1TNESS WHEREOF, Mortgagor lias executed this Mor"..gage on l:!l,,~ day of November
<br />1.../ /1 ~'71,;' e-// d Ii
<br />,/bUi-tll ,--:,/11 l~Ut.t.<'
<br />
<br />//) gill ., </,"
<br />l /l4,: / /i-'V" ,/ ;,..Ltt.(:,<:.
<br />- d/bl~ 'A-G Pip and Trpnc.hing
<br />_____[;ounty 88:
<br />
<br />. 19 iiL.
<br />
<br />-....,
<br />
<br />Bon"".".
<br />
<br />State of Nebraska,
<br />
<br />lia 11
<br />
<br />On this~_!:.::.!:._.day of. N':\vcmoer ,1~4 ,before me,theundel'lligned,a Notaly Public
<br />duly commissioned..nd qualifledforSllJdcounty, personally came Arthur Beed and Clen HcKoski
<br />
<br />, to me known to be ~tIlll
<br />ident.i<:sl l'<'rsun(s. whose name(s' are su~ribed to the ~oregoing instrument and acknowledged the execution ther;,of
<br />
<br />d/b/a A-G Pipt:' and Trenching
<br />
<br />to be voluntary act and det'<l.
<br />
<br />Wil:nl!os my hand and notarilllllO'llI at _':: r" n d
<br />dare aforesaid.
<br />
<br />Island_, Nebras.ka
<br />
<br />,
<br />//,/
<br />
<br />/"
<br />./
<br />
<br />in 6lIid county, the
<br />
<br />My eomm1soion expires:
<br />J;---.....t1-
<br />JOlt,. WEBS
<br />_"'__11._
<br />~._.~<_._--........-.-..-._----~,...,..-- (S-~ fktQW '1'tUs Lint! ~ l"or lAnder ~ It-~~l'dU) _._~~~_~_.__
<br />
<br />~/ -:'h
<br />
<br />.-'e<'
<br />f-'
<br />
<br />~~
<br />
<br />NoWY I~bl:i.c
<br />
<br />NJk':l~l~Jj~ ~AW
<br />
|