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<br />4. T.n tho' !~~~ent the Property, ar~ any part the rear, sha11 he taken by eminent
<br />domain, the hlortgagpe is empowered to collect and receive ali compensation which
<br />may be Fai•~ fr.r any prapprty taken ar nor damages to property not taken, and Mortgagee
<br />shall apply s~cft compensation, at its opticin, either to a reduction of the indebtedness
<br />secured Hereby ar to repair and restore the property sa damaged.
<br />S. Pbrtgagee may, but shall have no obiigativn, to do any act which th? I°lortgagar
<br />has agr°eed but rails-to do, and htrsrtgagPe may also do any act it deems necessary to
<br />protect the lien hereof, Mortgagor agrFes to repay, upon demand, any sums sv expended
<br />by the Mortgagee far the abovf: purposes,. and any sums so-expended by the.^~?artgageQ
<br />shall be added to the indebtedness secured hereby and become subject to the lien
<br />he,reaf. Mortgagee shall not incur any personal liability because of anything it
<br />~y do ar omi;, to do hereunder.
<br />fi. t"ime is the essence hereof, acrd upon Mortgagor's default in any covenant
<br />yr agreement of this Mortgas~e,.including covenants to pay when due the sums:: secured:
<br />by this ~4ortgagp, the Mortgagee shall he entitled, at its sole option and without
<br />notice, to.declare all sumrs secured by t31is Tdortgage to be immediately due and
<br />pagrable and may camnence foreclosure of this Mortgage by judicial p+"Cranr„#ingsi
<br />anrl, provided further, ttrat upon such default the Mortgagee, or a receiver
<br />ap~rointpd by a court, r,~y at its option and without re and to the adequacy of the
<br />security, enter open acrd tal<.p pcssessian of the rroperty and coiect iPre rents
<br />issues and profits therefrem and apply them first to t!te cast of coilectivn and
<br />operation of the Property and then upon the indebtedness secured: 6y this 4~tortgage;
<br />said .rents, issues and profits being assigned to the Mortgagee as further security
<br />fear the payrr~nt of the indebtedrrpss secured hereby,
<br />%. If all or-any ,cart of the property is sold ar transferred naithout the express
<br />written consent of the "~.ortgagee, Mortgagor may at its sole option, declare all suns
<br />secured by this Martgaga to be immediate#y due one payable.
<br />3. Any forebearance in exercising any right ar remedy shall not be a waiver thereof.
<br />9. All relies provided herein ire uistirtct artd cumulative to any other right
<br />affor~}ed by Saw or equity, and may be ax.ercised tonrurrently, independently or
<br />successively.
<br />'sta. The covenants and agreements ~:trntai*efl her°ein shall birtci, and all rights
<br />inure tv, the resppCt~ivt successors ~:r,7 assig,ts of the Mgr°tgayor arrd the Mortgagee.
<br />:? All covenants .and agreements of the '".ortgac~tir and the Mortgagee are joint
<br />aid se~re:cal.
<br />-' `"eon payntpnt of all sums secured ay this t^M1vrtgage, Mortgagee shall disctrar~se
<br />t'? s M~;rtpage and shall ex~rcute aed deliJer a satisfactory release therefor.
<br />~N iiIT rE'~ ~ ri~HER£{7E, ~,or~tgargor has executed this rtgagp on the ___. day
<br />~`ranc~s ~F{;`~rders
<br />m ~irar-~~°'o'to~4e 7~: Handers
<br />STATE OF NE~Ra'•t~~fl, --~~~,..~~ County ss:
<br />. `{z.+
<br />Ian tiros ^~ day cf t+Lar~h to~~ _ ~ beome me, t#te- undersigned, a Yatary.
<br />P.<c?iq du~~: rasszrissiarred and ~;ualifiec`ur said county, personally arr,e _Marte..ti~arders, a
<br />singl~rson and Franc's E:; N83^der5and CharlcrtteA. tp m~e known to he the idpnt?ca~1
<br />riarders, ltusErand ~and~'H'~e""'""`°~ ____ ._,___ ~.._,_
<br />ucr50Yls ~v:h05° r..,arngg 3q-~ j~J~Lr'i`;,.ed to the torer~aing irtStrUtrl£;nt and ackhawledgeci the
<br />exe~:;tion h,:r~,~` c~ be their- vvluntar~y act, of°ed deed.
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