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<br />~' B_ Condemnation: In the event ttie Property, or any part thereof, shall be taken by eminent domain,the Aortgagee
<br />'~. isem veered tocollectandreceive all com nsation which nia .be
<br />-r !m pe y paid Fox any property taken or for damages to property
<br />not taken, and Mortgagee shall apply such compensation, at its option, either to a reduction of the indebtedness secured
<br />(~" hereby or to regair'and restore the property so damaged.
<br />,~~ f S. Performance by 144ortgagee: Mortgagee stay, but shall have na obligatian, to do any act which the Mortgagor
<br />bas agreed' but fails to do,-and Mortgagee may also do any-net it deems necessary to protect the lien hereof: Mortgagor
<br />_~ agrees fo epay, upon demand, any sums so expended by the Mortgagee-for the above purposes, and any sums sn expended
<br />w by ±he Mortgagee shall be added to the in~btedness secured. hereby and become subject to khe lien hereof. bortgagee
<br />sL~ali net incur any peisoaalliability because of anything it may do or omit to da hereunder.
<br />=s
<br />9. 15efaolt, Assignment of Rents. Time is of the essence hereof, sad upon Mortgagor's default in any covenant
<br />oF• agreement of this Mortgage, including cavenants to pay when due the sums secured by this Mortgage, the Mortgagee shall
<br />be ent?Lled, ai its-sole option and without notice, to declare alI sums secured by this Mortgagc.to tie immediately due and
<br />psyable and may commence f®reclosnxe of this Mortgage by judicial pracecdings• and, provided further, tlia6 upon sucle
<br />-- d!ziault the Mortgagee, oz a receiver appointed by a court, may at 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 />first to the cost of cotlection.aad aperation of the Property and then upon the indebtedness secured by this Mortgagee.;
<br />said teats, issues-and profits tieing. assigned to-the Mortgagee as further security for the payment of the indebtedness
<br />secured' hereby.
<br />- 2i1: Tranater of Property. If all 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 all. sums secured by this Mortgage Lo tie :immediately due
<br />' sad payable.
<br />11: Future Advances: Upon request of Mortgagor, Mortgagee may make additional and future advances to
<br />Mortgagor. Such advar:ces, with interest thereon, shall be secured 6y this Mortgage wben evidenced by promissory notes
<br />.stating tidal said rates are. seFUred hereby AS no time shall, the principal amount of the indebtedness. secured by this.
<br />M~brtgage, not indnding sums advancedto proteM the security of this Mortgage; exceed the original Note.
<br />IZ. Miaoeilaneous Pro~isious
<br />(a) : Any forebeannce in exercising any right or remedyshatl not be a waiver thereof.
<br />_ (bj All remedies prosided herein are distinct and cumulative to any other right afforded by law or equity,
<br />and may be exercised. ~^oncurrently; independently orsuccessively.
<br />{c) 71re «rretrants and agreements contained .herein shall bind; and the rights inure to, the .respective
<br />succeswrs sad assigns. of the: Mortgagor and the'Mortgegee.
<br />(d) All covenants and agreements of the Mortgagor are joint and several.
<br />(ej ,'lhe headings of the paragrapbs of this Mortgage are far convenience only and shalt not be used to inter-
<br />pret or define the prorisions hereof:
<br />13. Reisue. Upon payment of all sums secured by this Mortgage, Mortgagee shall discharge this Mortgage and
<br />shall execute and deliver a.satis[actory release-therefor...
<br />IN WiTNES3 WHEREOF; Mortgagor has executed this Mortgage on the_.2lL day of A; ,-, i , 19 R7
<br />. ~~
<br />. Re.Y B1~1T~ JJ Borrower
<br />/ ~`' r
<br />e S y
<br />- noaower
<br />irate of Nehraaisa, _~ 7 t County. ss;
<br />Cm this 20th -day of _ Avr:1- .:19.$2-, before me, the undersigned, a Notary Public
<br />duly commissioned asad qualified torsaid county, personally tame A. Rex Blair and Beverly J Blair
<br />to me known to be the
<br />identical peaoa(s). whose,name(s)are,subscribed W lire foregoinginstrumentandacknow!edged the execution thereat
<br />robe their vduntary act and deed.
<br />Witness my hand and notarial seal at_ Grand Island. NE ~in said county, the
<br />date aforesaid.
<br />My Commiaslon expires: ~'~ n,
<br />[._,~u' Gdi ~~ ifs J•~
<br />~ ifllFa.44ar4ar-al[rs di~rarYt ~ ~ ~ Notazy Public
<br />'~\ h1hsC~E AlIt1E3iT
<br />~ __~% e-r ~ E*P Oa. 1L61962.
<br />tSaace Salont Thdc I.fae RCar[vM For:Leer and.8rozder) --
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