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8~.-° v€~066`~
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<br />?. Go~demnation. in tl~e event the ProQertv, orany part Chereaf, shall be taken by eminent domain, the Mortgagee
<br />is empowered to collect and receive ail compensation which may be paid for any peoperty taken or for damages to property
<br />noFtaken, and Mortgagee shad apply such compensation, at its optiota, either to a reduction of the indebtednesssecured
<br />hereby br to repair at:d restore the property so damaged,
<br />8. Performance by Mortgagee. Mortgagee may, hut. shall have no obligation, to do any act which the Mortgagor
<br />has agreed but fails to do, and Mortgagee may also do any act it deems necessary to proterC the lien hereof: Mortgagor
<br />agrees to repay; upon demand; any sums so expended by the Mortgagee for the above purposes, and any sums so expended
<br />ag the Mortgagee shall- be added to the indebtedness secured hereby and become subject to the Tien hereof: Mortgagee
<br />ahall nbt incur any personal liability because of anything it may do or omit to do hereunder.
<br />9. Default; Assignment of Rents. Time is of the essence hereof, and upon Mortgagor's default in any covenant
<br />oragreement of this Mortgage, including covenants to pay when due the sums secured by this Mortgage, the Mortgagee shall
<br />be entt)ed, at .its sole option. and without notice, ko declare all sums secured by this Mortgage to be immediately due and
<br />payable end may commence foreclosure oP this Mortgage by judicial proceedings; and, provided further; that upon such
<br />default the Mortgagee, or a receiver appointed by a court, mac ai its option and without regard to the adequacy of the
<br />security, enter upon and take-possession of the Property and collect the rents, issues and profits therefrom and apply them
<br />feast to the cost of collection and operation of the Property and theft upon the indebtedness secured by this Mortgagee;
<br />said rents, issues and profits being assigned to the iVlortgagee as further securitc• for the payment of the indebtedness
<br />secured hereby.
<br />ifl. Transfer of Property. if all or any part of the Property is sold or transfeered without the express written con-
<br />sent of the Mortgagee, Mortgagee may at its sole option, declare alt sums secured by this Mortgage to be immediately due
<br />and payable.
<br />11. Futurti Advances. iSpon request of Mortgagor, ;Mortgagee may make additional and future advances to
<br />Mortgagee. Such advances, with interest thereon, shall be secured by this Mortgage when evidenced bypromissory notes
<br />stating that said notes are secured hereby- t\t no time shall the principal amount of the indebtedness. secured by this
<br />Mortgage, not including sums advanced to protect the security of this hlartgage, exceed the original Note.
<br />13. M1SCe11aneon5 ProYisions
<br />(aj Any forebearance in exercising any right or remedy shall not be a waiver thereof.
<br />(b) All remedies provided hardn are distinct and cumulative to any other right afforded by law or equity,
<br />and may be exercised .°oncurrently, independently or successively.
<br />(r) Tate covenants and agreements contained herein shall bind, and the rights inure to, the respective
<br />successors and assigns of the 4lortgagor and the Mortgagee.
<br />(d) AtI covenants and agreements of the hIortgagor are joint and several.
<br />(e) The .headings of the paragraphs of this Mortgage are for comenienre only and shall not be used. to inter-
<br />pret or define the provisions hereof.
<br />13. Release. Upon payment of all sums secured by this Mortgage. Mortgagee shall discharge this Mortgage and
<br />shall-execute and deliver a satisfactory release therefor.
<br />Il+i tVITNESS WHEREOF, Mortgagor has executed this Mfofr~tg7age as the•19thyd-a/'y~of~ _ F~[;~b~.-n1~aY~_ ~ lg 82 •
<br />ICZ T,. i.~11Y'Y'y.-_._ .~_.._..e.----,.K4'.-~7~- ower.
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<br />Nancy E ':fir / ? --/--sorrow r
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<br />State. of Nebraska, Hall Cowtty ss:
<br />-- - On this 1911? day of __February ___, 19$2__, before me, the undersigned, a Notary Public
<br />dulv'dommissioned and qualified for said count`, personally came _ Harold L_.__~fizrr~_and Alancy' J. 1RtlrY'Y,
<br />Husband and Wife _ ___-_,______________~__ -., to me known to be the
<br />identical petsort(s} whose name(s) are subscribed to the foregoing instrument and acknowledged the execution thereof
<br />to fie -hi8. and her voluntary act and deed.
<br />Grand Island
<br />Witness my hand and notarial seat at _.-_.__-_~-____-----_-______in sold county, t_he
<br />- date-aforesaid.
<br />My Commission ei: ices: '~f'~ ,,; . ,. ~ ~.~~/~~
<br />i vowry Pubiit
<br />ff:.NERAt 110'PxIC~' ~tlte o1 N~ittafif
<br />__.. RA~~""n~~ __._ i~va~r oe, a iceser. rv ~ ,r i«.uer a.,., „~c..,r,.r.. ____ -__-_.~
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