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<br />7, Condemnation. In the event the Property, or any part thereof, shall be taken by eminent domain, th.. Mo~
<br />is empowered to coiled and receive all compensation which ID8Y be paid for any property taken or for damages to property
<br />not taken, and Mortgagee shall apply such compensation, at its option, either to a, reduction of the Indebtedneas secured'
<br />hereby or to repair and restore tbeproperty so damaged. .
<br />
<br />8, Pelformance by Mortgagee, Mortgagee may, but sIiaIl have nO Oblifstion,todc>anyactwhichtheM~i
<br />bas agreed but fails to do, and Mortgagee may also do any ad it deema~ to!lro~~lieli'M~t;~;.-
<br />agrees to repay, upon demand,fII1Y sums so expended bytbe Mortpgee fortlteabo~pUJpo8es,1IJ{d fII1Y$U"80fl1l'pe~ .
<br />by the Mortgagee shaii- be tinGed to the iinreb~dii~ ~ilIeu-b~reby _~-R:'_.-~~~~ulf~;_~~~:-li~n-,'~&t~f;-__~;J:, :,,'
<br />shall not incur any personal liability because of anytbing It olay door omit to do liereundel:.' ..'
<br />
<br />9. Default; AssignmeJlt ofl!.ents. Time i& of the essence' here.of;and, upon Mortgagor's dl>fault'lil :any:eo~t;'
<br />or agreernentof this Mortgage, including covenants to pay when due the sumssec1!l'lld by tbisMortgllge; theMOrtgagelf.-l':
<br />be entitled, at its sole option and without notice, to declare all sumsseeuftldby thI!Mo~,to be~!II&~y,duel\!ld
<br />payabie and iI:UlY t..-ofiiWiffi:Ci:' t'uleclvsUR of this ,M':urtgage' uy --r.1dicial .~~~; -~"1d} ,p:~:'!u.~~'-u~~;~-.'-"
<br />default the Mortgagee, or a receiver cappointed by a court, lD8Yatlta option and without regard tothe.adeQIl8llY :l>L:the" ,
<br />security, enter upon and take possession of the Property ,and collect the rents,lswegandprpfitS ~refrolDan9pp,1y~mc:: "
<br />fiIst to the cost of collection and operation, of the Property and then, upon the,indebtedn_ .seooied,bytbis~;'.:
<br />said renta;issues and-profits being assigned to, the Mort1l8ll"eas' further security' ,for the payment ;of,the; ~'I!~'
<br />secured' hereby.
<br />
<br />10. Thmsfer of Property. If all or any pll.-toftheProperty Is sold()ttransferredwitliollttheexpress1'Rlfum~~c .
<br />sent of the Mortgagee, Mortgagee may at its sole option, declare aU mOlS,secured by this Mortgag&tobe,inimedijijely.mwj'
<br />and payable.
<br />
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<br />--- -'- -- - .
<br />11, Future Advances. Upon request of Mortgagor, Mor;".',i"may makeadditi,onal and,futiue;~d~tiE<
<br />Mortgagor; Such adV1lllces, with interest ther.lon,shall he"",,'''''' '7 l.l,i.>Mllltgag!f-\ien evidencedb1p19IJili;sij~~~1j
<br />stating. that said notes are secured hereby, At nc time .h,,;:; ,!Ie pUnt.>(p.:.. alUDUnt of theimfebtednliSs sei:ulei!by,ilI!s,'-'
<br />Mortgage, not including sums advanced to protect the security of this Mortgage, exceed thaongiual N<<?te: .
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<br />12. Miseellaneoua Provisions.
<br />
<br />(a) Any forebearance in exercising any right or remedy shall not bea waiver thereof,
<br />
<br />(b) All remedies provided herein are distinct and cumulative to any other right afforded, by: law or eqUIty;-
<br />and may be exereised concurrently, independently or successively, , , ,
<br />
<br />(c) The covenants and agreements contained herein shall bind, and the rights inure to,theres~ctlve
<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) The headings of the paragraphs of this Mortgage are for convenience only and shall not be used to inter.
<br />pret or define the provisions hereof,
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<br />13. Release, Upon payment of all sums secured by this Mortgage, Mortgagee shall discharge thIS M01"tgage /lI1d
<br />shall execute and deliver a satisfactory release therefor.
<br />
<br />IN WITNESS WHEREOF, Mortgagor has executed this Mortgage on the 23rdday of November
<br />
<br />~ 0_ Ul~
<br />l.J/MiJ~)~
<br />~~J(~)
<br />aro R. Petersen)
<br />
<br />,19~;
<br />
<br />Bouow.er~
<br />
<br />Borrower
<br />
<br />State of Nebraska,
<br />
<br />Hall
<br />
<br />County ss:
<br />
<br />On this
<br />
<br />23rd
<br />
<br />day of
<br />
<br />November
<br />
<br />. 19~, before me, the undersigned, Ii Notary Public
<br />Lee O. Petersen and Carol R.
<br />
<br />duly commissioned and qualified for said county, personally came
<br />Petersen, Husband and \vife
<br />
<br />, to me known to be the
<br />identical person(s) whose name(s) are subscribed to the foregoing instrument and acknowledged the execution ~reof
<br />
<br />their
<br />
<br />to be
<br />
<br />. voluntary act and deed.
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<br />in said county, the
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<br />Witness my hand and notarial seal at _,__,_~,
<br />date aforesaid.
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<br />My Commission expires:
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<br />btary Public
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