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7, Condtsrartatioa. In Nte event the i'ROperty, or any part thereof. shall be taken by erniaerrt domain, the Mortgagee
<br />'ssempe~emd to colicctandreeelve ell compensation which: may be paid for any property taken or for damages to property
<br />not taken, and Mor±gagee shall sppiy-:such compensation, at its option, either to a reduction of the indebtedness secured
<br />.hereby ar to mpaie and eeatore the pmpertyso daneaged.
<br />8. Per[ormsr-ce bg Mortgigee. Mortgagee may, but shall have no oMigaRion, to do any-act which the Mortgagor
<br />ha+s agtet•d but fails to da, and Mortgagee may a[so do any set it deems necisasary to protect the Lien hereof, Martgagor
<br />agrees to repay, upon demand, any fftims so expended by the Mortgagee [or theabove purposes, and arty sums so expended'
<br />by the 3lortgagce shall be' added to'the indebtedness secured hereby-and become sub9ect to the lien hereof. Mortgagee
<br />shalt not incur any personal liabi#itp because of anything it may do or omit to do hereunder.
<br />8. Default;, Aamignment of -Etents. Time is of the essence hereof, and upon Mortgagor's default in any covenant
<br />or agreement of thisMottgage; including covenants to pay when due the sums secured by this Mortgage, the Mortgagee shal9
<br />be entiti+:rl, at itt sole option cull without notice,: to declare all sums secured by this Mortgage to be immediately due and
<br />payable .and may commence foreclosure of this Mortgage by Judicial proceedings; and, provided further, thatupon such
<br />default the Mortgagee, oa a receiver appointed by a court, may at its option and without regard to the adequacy of the
<br />setnrity, enter-upon and take possession of the Property andcollect the rents, issues and profits therefrom-and apply them
<br />fizst"to the: cast of collection and operation of the Property and then upon the indebtedness securedby this Mortgagee;
<br />sa13'tents, issues and profits being assigned to the Mortgagee as further security for the payment of the indebtedness
<br />secured 'hereby.
<br />10.. 7tianafer of Property. If all or any part of the Property is sold or transferred without the express written con-
<br />sent of tbe:Mortgagee,.Mortgagee Wray at its sole option, declare e;l sums secured by this Mortgage to be immediately due
<br />end payable:
<br />1:1. Future Advances. Upon request of Mortgagor, Mortgagee may make additional and. future advances to
<br />Mortgagor. Such: advances, with interest thereon, shall 6e secured. by this Mortgage when. evidenced by promissory notes
<br />.stating that said notes are secured hereby. At no time shall the principal amount o£ the indebtedness-secuzed by this
<br />Mortgage, sot including sums advanced to protect the secuzity of this Mortgage, exceed the original Note.
<br />12.-Mi>itxltaneous Provisiom.
<br />(a} Anp forebearance in exercising any righ4 or remedy shall not be a waiverthereof.
<br />(b} All remedies provided herein are distinct and cumulative to any other right affor°'..ed by law or equity,
<br />and may beeaercised ;:oncurrently, independently ox successively.
<br />{c} 1be covenants and agreements contained herein shall bind, and the rights inure to, the respective
<br />successors and assigns of the Mortgagor and the Mortgagee.
<br />(d} AQ covenants. and agreements of tae Mortgagor are joint and several.
<br />{e} The headings of the paragraphs of this Mortgage are for convenience only and shalt not. be used to inter-
<br />pret or define the provisions hereof.
<br />13. Reface. Upon payment. of ail sums secured by this Mortgage, Mortgagee shall discharge this Mortgage and
<br />shall eaecute and deliver a satisfactory release therefor.
<br />1N WITNESS WHEREOF, Mortgagor has executed this Mortgage on thebSt~day of Feb . , 19 82 _._.
<br />~,, ,, !~.a. `,
<br />ie. ae c tger r go<:owes
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<br />~~~f.
<br />(Patricia A. Encinger) aoaowe[
<br />,Rtatp' of Nebraska,. Hall- (,'Onnty SS:
<br />pn. this 16 day of February , 1982 before me, the undersigned, a Notary Public
<br />dulycomauissioAedandfiualifiedfor-saidcaunty,personaUycame ~]rhaPl T _ nringpr and Patricia A.
<br />n ';n~er , to me known to be the
<br />idenAcai person{s} winox name{s) are subscribed to the foregoing instrument and acknowledged ..tae execution thereof
<br />W be their- voluntary act and deed.
<br />Witness mY-hand and notaritl seal at Grand Island, NE in said county, the
<br />date aYaresaid.
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