|
<br />r
<br />7. Coademnatian. In the event the Property, or any part thereof, shall be taken by eminent domain, the Mortgagee
<br />is empowered tocolleetandmceive. all. eompertsation which may be paid for any property taken or for damages to property.
<br />not taken, and Mortgagee shall apply such compensatian, at its option, either to a reduction of the indebtedness. secured
<br />hereby or to repair and restore the propeaty so damaged.
<br />$. Performance by Mortgagee, Mortgagee may, but shall have no obligation, to do any net which the Mortgagor
<br />has agreed-"but fails-to do, and Mortgagee may also do any act it deems necessary to protect the lien hereof Mortgagor
<br />agrsrs-tornpay, upon demand, aqy snms so expended by the Mortgagee for the above purposes, and any sums so expended
<br />by eke Mortgagee shall be added. to the indebtedness secured hereby and. become subject to the lien hereof. Mortgagee
<br />sha11 not anctu any personal liability beesuse of anything it may do or omit to do hereunder.
<br />S. Default;: Assigameat of Reatc '15me is of the essence hereof, and upon Mortgagor's default in-any covenant
<br />oragreementof this Mortgage, including covenants to pay when due the sums secured by this Mortgage, the Mortgagee shalt
<br />be entitled, ai its safe option and withaet notice, to declare all sums secured. by khis Mortgage.to be immediately due and
<br />payable and may commence fornclosure of this Mortgage by judicial proceedings:; and, provided further, that upon such
<br />deLtult-the Mortgagee, or a receiver appointed by a court, may at its option and without regard to the adequacy of the
<br />secuuity, enter upon and take possession of the Property and collect the rents, issues and profits therefrom and apply them
<br />Stst to the cast of twllection and operation of the Property and then upon the indebtedness secured by this Mortgagee;
<br />said rents, issues and profits being assigned to the Mortgagee as further security for the payment of the indebtedness
<br />setaupd hereby.
<br />10. 7kansfer of Property. If alt or any part of the Property is sold or transferred without the express written con-
<br />sent. of the Mortgagee, Mortgagee may at its sole option, declare ail sums secured by this Mortgage to be immediately due
<br />and payable.
<br />11. Fntare Advances. Upon rsquest of Mortgagor, Riorigagee may make additional and ftrture advances to
<br />Mortgagor. Such advances, with interest thereon, shall be secured by this Mortgage when evidenced by pmmissorg notes
<br />stating that said notes. are secured hereby. At no time shall the principal amount of the indebtedness secured by this
<br />Mortgage, not indnding sums advanced to protect the security of this Mortgage, exceed the original Note.
<br />12: Miscellaneous Provisions.
<br />{a) Any forebearance in exercising any right or remedy. shall not be a waiver thereof.
<br />(b) All remedies prov#ded herein are distinct and cumulative to any other right afforded by law or equity,
<br />and may be exercised concurrently, independently or successively.
<br />(c) The eovenants and agreements contained herein shall bind, and the rights inure to, the respective
<br />saccessors and assigns of the Mortgagor and the Mortgagee.
<br />{d) Alt covenants and agreements of the Mortgagor are joint and several.
<br />lej 'fhe headings. of the pazagraphs of this Mortgage are for oonvenienee only and shall not be used to inter-
<br />pret or deflrte the provisions hereof.
<br />13. Release. Upon payment of all sums secured by this Mortgage, Mortgagee shall discharge this Mortgage and
<br />sha11 exeeate and deliver a sattsfactos3 retease thernfor.
<br />IN WITNESS WHEREtIF, Mortgagor has executed this Mortgage on the. 16 ~y of __~_ri3 , 1932
<br />;'Karen Slair, formerly Karen ecCvy) ao:rower
<br />X a rJf~~A ~noaownr
<br />State of Nebraska, Hall M ____County ss;
<br />On this 16 day of April 19 8~, before me, the undersigned, a Notary Public
<br />duly comimirsionedand quellfeed for said county, persana0y came Karen flair, formerly Karen McCoy
<br />and. Rex flair , to me kmowa W be the
<br />idenvcal,person{s} whose name{s) aae subscribed to the foregoing instrument a.,d acknowledged the execution thereof
<br />to 6e their voluntary act and deed.
<br />Witness: my hand and notarial seal at Grand i,,sland , ~tehraska in said. county, the
<br />date.afaresaid . -
<br />ra
<br />My Commission expires: .
<br />afrtEaAtsarAaY-.Sr+s+aa4nsro. ~~,C-'L_"_°Gp~ ''1 ~i' •: ~j._ YJatazy.PUblia
<br />kA~4ERiE itAl1€R7 J
<br />~ -~r fpm,. ia~, txt to tae:
<br />O:. ~`'~ -
<br />~ ~ ~ ~ ~ G~
<br />~e, _ ds rv
<br />
<br /> ~
<br />r ,~.
<br /> ~
<br />aC
<br />` t~
<br />~ ' r` J s2
<br /> ~ :
<br />: }
<br />ya
<br />- r C a'
<br />L'-
<br />
<br />2 ~
<br />~k
<br />] ~ ~V_
<br />w
<br />)
<br />~. .
<br />, yy
<br />~ ~
<br /> T-
<br /> py7. ltd > 13,.
<br /> iV
<br />W frA ~
<br />(S Wes neiow 'Wile fine Reserved Fpr LeaCU and Recorder)
<br />"y-~
<br />,~ {
<br />!1F
<br />y~ ~.
<br />.` i
<br />~, h
<br />~~ n.
<br />.`y `''t
<br />!:
<br />y,r
<br />
|