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<br />7, CondemDation.In the event the Property,or any part thereof, shall be taken by eminentdoJDlilil,the Mortgagee
<br />is empowered to collect and receive all compensation wbich 1118)' be paid for any property taken or for daiBageato property
<br />not taken, and Mortgagee shall apply such compensation, at jtsoptlon, either to a reduction af the Indelltednesuecured.
<br />bereby or to repair and restore the property so ciamaged.
<br />
<br />8. Perf_by Mortgagee; Mortgagee may, but BhaIl have no obligal;ion, to do any:&ct whichttie 'M~
<br />bas agreed but fails to do, and Mortgagee may also do any ll!ltlt deemsnecessazy top~thelieDhezeOf;.,~,:
<br />lIg!.'!eS. to repay, upon demand..any sums so eX\llll!dedby tbeMortga._fOl'tbe aM.. purpllS&S,andan:ySUl\lS50~,
<br />by the Mortpgee shall be added to the indebtedness secured hereby and beeoJne SUbject to tbejj~luireQi~.iii~,
<br />shall not incur any persooalliability because of anything It may do l'r omit to do hereunder.
<br />
<br />9, Default; Assignment or Rents. Time Is of the essence hereof, andupon.?dortgagor's~:maaY:~t:~';E
<br />ongreement of this Mortgage,includlngcovenants to pay when duethesumsliOOUl8dbythl$' Mortgagl!..tbe)~{ .'1'
<br />be entitl&d, at Its sole option and without notice, to de--..lll.wee!!!l!!!!!!!!4!"lnoed by tbls'~A;o be'~;:ll . " ."
<br />payable l!l!dmayoommenee foreclosure of thil! Mortgage . by jl!dlcial proceedings; and,proYlded !l1ither;'tI:\at uP!lli:iIueh' t
<br />dsfamt L~ Mor~a, or-a reai'i~~ ~p:ointed by ,a eo~ ~-y:.:t i= epti-~ ~&!-~gt--~~~~.__~~'::;0""'i:-~'~,'
<br />seclllity, enter upon. and take poss_Ion of the Property and collect the rents, Isaues andprofita tberetrobJ'am:i~f,i:!~'
<br />fim to the cost of collection and operation of the Property and then upon the indebtedneSln_Uled.~,~;.;/
<br />said rents, issues and profits being assil/ltld to the Mortgagee as further seeurttyforthe.paymentof the,i~t'
<br />secured bereby,
<br />
<br />10. Transfer of Property, If all or any part of the Property Is sold or transfemdwitboutthe,exprea;writttm'cOlt~'
<br />sent of the Mortgagee, Mortgagee may at its sole option, declare all sums.secured by this Mortgage to. be immediatill)"~'".
<br />and payable. . .. , . ....,
<br />
<br />11, Future Advances. Upon request of Mortgagor, Mortgagee. may makeadditlonal.and,;fut1tte$l\'llllCl!S"to.i; ,
<br />MortgllgOl. Such advanees. with interest thereon, shall be secUN" :',' :'\is ~whl!lle~ by ~.Il9~:;
<br />stating that said notes are secured herebY, At n'C ri",.. sh".~' Y'" j;Iill",lJ4lamO!tlC~ "fthe,.lndebteclneiia~,lijftbl,".
<br />Mortgage, not including sums adva'lre<J to prott''''_ the ~"i"'; ."t thi~ Mo;qage, exceed the origlnal Note. ' ' ',;
<br />
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<br />12. Miscellaneous Provisions.
<br />
<br />
<br />la) Any fombelll'lUlre in exercising lIDY right or remedy sball not be a wal...r tbereof.
<br />
<br />(b i AU remedies provided b.-rein are distinct and cumulative to any other right afforded bylawor.ty.,
<br />and may be exercised coneulTI!ntly, independently orsuccessively. '
<br />
<br />(el The eO\-enants and agreements contained bereln shall bind, and the rightslnUle to,the.~
<br />successors and ....gns of the Mortgagor and tbe Mortgagee,
<br />
<br />
<br />(dl All eovelW1ts and agreements of the Mortgagor are joint and several.
<br />
<br />ee) The beading:; of the paragraphs of this Mortgage are for convenience only and shall not he used to inter.
<br />pret or define the provisions bemof.
<br />
<br />IN WITNESS WHEREOF, Mortgagor has eXl/cu~ this Mortgage on the _ day of
<br />
<br />
<br />13. ReIe_, Upon payment of all sums lItlcured by this Mortgage, MortgaglH! );ball diieblu'ge. tbisMortpge,and'
<br />shall execute and deU...r a liatisfactory rele_ therefor.
<br />
<br />__~;~~f:/~ .
<br />
<br />/(q~~:{c/t:"&
<br />
<br />Victor)
<br />
<br />80._-
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<br />4[~ i->: _"'. ~ /J \; {(:~t01 L
<br />r10yde A, Victor)
<br />
<br />BOll'Qwer
<br />
<br />State of Nebraska., _~___.__,_ ~_,_Hd 1. ~..____.__~~__."__.__..County ss:
<br />
<br />On this __ day of
<br />
<br />~iov~~mbe r
<br />
<br />~ 19 <34 . before me. the undersigned, a Notary Public
<br />Timothy R. Victor and Joyce A.
<br />
<br />duly commissioned and qualified for said CQumy, pt>rsonally came
<br />
<br />Victor> Husband and Wife
<br />
<br />, to me known to be the
<br />identical pt>rson(sl whose narne(.) are subscribed to the foregoing instrumenl and acknowledged the execution thereof
<br />
<br />to be __, he ~.E___,__ voluntary act and <let'<!.
<br />
<br />U!:~__ ~.u l-""n.1 ~ ..) -ti+~_.,.;..l..., _. ~ Grand lsL1nd, ~1ebraskd ,/,/,-., .....-~/~-d;... ~....k. th^
<br />"!Ul~ fll)' B='U afi-u H"-U:l;nu.~ 5e'a.t a=. __---------.__~________.,..._~____~,.... sa~ "O....U-io.'r~ '<>
<br />daluf,>res&il1. r,/l,. 11 f,/>.-;oL./ './.'... ,/ .'
<br />myConunission expiml; - 7-i-- ~
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