|
<br />;_
<br />T". Condemnation. inure event the lxmperty, ar any part thereof, shall be taken I?y eminent domain,the Mortgagee
<br />isem~;oweredtucollectandrece've allromiiensation which riiay ba paid for any praperty taken or for damages to property
<br />+tUt t~tkuri, ,:nd bitextgagee shall agpty such. compensation, at its aption, z'ather to a redaction of theindebtedness secured
<br />hereby ur to-repair-and'restoee the property so damaged:
<br />S. Perforrn:snce liy :tfartgagee Riortgagee :may, but shat have no obiigatiun, to do any act which the Mortgagor
<br />iuxs a,y.eed trot fa~i; to da, and fiortgagec~ may :elso dry any act it deems necessary Go protect the lien hereoff. Mortgagor
<br />egret; to re;sati, upon demand, and sums so expand^d by the ;kiiortgagae for the above purposes, and any sums so expended
<br />6y the !Yiortgagee shall be added to the indebtedness secured hereby and become subject to the lien?rereof. Mortgagee
<br />shall not incur sry petsonal liability bemuse of anything it may do or emit to do hereunder.
<br />8. l3efautt; Assignment of lient5. Time is of the essence hereof, and upon Mortgagor's default in any covenant
<br />or agreement ai' ihi; Mortgage, including covenants to pay when. due'the sums secured by this. Mortgage, the Mortgagee shall
<br />be ertitled, at is sole option and v+ithout;'natice, to declare allsums secured by this Mortgage to be immediately dveaud
<br />payab3e and may cornmence foreclosure of.this Mortgage 6y judicial proceedings; and; provided further, that upon such
<br />default the Mortgagee, or a receiver appointed by a court, may at itss option and without regard to tlne'adequacy of the
<br />security, enter upoa-and take'possession of the Property and eo0ectthe re~4s, issues and-profits therefrom and apply thean
<br />first to the rnst of :ccillectiian and o~ratson of the Property and then upon the indebtedness secured by thls.Nfortgagee;
<br />said rents, i:~ues and profits being assigned to the Mortgagee as further security for the payment:af the Indebtedness
<br />secured hereby.
<br />I0. '[4ansfer of Property: if an or any part of the Properly is sold or transferred' withoutthe express written con--
<br />~nt or the. Mortgagee,. Mortgagee may at its sole option, declare al! sums secured by this Mortgage to be immediately due
<br />and paya6lee
<br />il: fltture Advances; Upon request of Mortgagor; Mortgagee may make additional and futpre advances to
<br />Mori gee: Such advances, with interest thereon, shall be secured by this Mortgage when evidenced by promissory notes
<br />stating that said-notes are secured hereby. At no time shalt the principal amount of the indebtedness secured by this
<br />Mortgage„notincluding sums advanced xo protect the security of this Mortgage, exceed-the original-Note:
<br />i& : lHiscellaneous Provisions
<br />(a) Any fbrebearance in exercising any right ar remedy shall not be a waiver thereof.
<br />{by: All.. remedies provided herein are distinct and cumulative to any other righk afforded by-law or equity,
<br />and cay be exeresed ~ncurrcnt{y, indepeedentiy ar suc-ees~ivety.
<br />(cj The covenants and agreements cnntaincd herein shall bind, and the rights inure to, the respective
<br />successors and assigns of the Mortgagor and the 4iortgagee.
<br />{dJ Ail covenants and agreements of the Mortgagor are joint and several.
<br />{e) T9te headings of the paragraphs of this Mortgage are for convenience on{y and shat! not be used to inter-
<br />pre# or,define the provisions hereof.
<br />i3. Release. Upon payment of all sums. secured by this Mortgage, Mortgagee shall discharge this Mortgage and
<br />shall execute and deliver a satisfactory release Lhea~for.
<br />IN lyxi'i4itESS VBHEitEOF, Mortgagor has executed this Mortgage on the..3xd day of _. Fahnxarc,~ _, 29 ~.
<br />~~
<br />~_ surrower•
<br />- Borrower
<br />State of Nebraska. _ _ H21I ~._.-~_. _._,_--_-,..__G~usay as:
<br />~n this __ 3rd - ..day of ^.._ ~t~?'tlaz'V;___.._.__ I9 $~,_,,.before me;. the undersigned, a Notary Public.
<br />dalycommissionedandquatified-for saideounty.personaltvcame__Et+Z'~eSl~ A4ettenbrlIlk____,__
<br />---- _~,__~__ ._______ ___-__ _, to me known to be the
<br />identical person(s) whtrse name(s) are: subscribed to the foregoing instrument and acknowledged. the execution thereof
<br />to be _. ~nt~' _ voluntary strand deed: fr--~
<br />Graxld Ts2and 1
<br />1Vitness my hand and notariatseal at..n.____.__~__._._-__.._-_ ' ___ in said county, the
<br />date afcresaid . - ~,/r.
<br />~,
<br />bfy wmmissian expires: f ~`r ~'
<br />~~ ~ 1 Notary Publia
<br />~~~~~~
<br />_~~_.__________.___.__~_ ~,g~r..g y,~w Thxv Isere Aesen~ed.: for LMndex. axM Hrcorder7 ----__._. ~__ _~
<br />
<br />
|