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<br />•. - - 7. Cgndem6ation: Intheeventthe Property, orany partthareof,shalt be taken by eminent domain,the Mortgagee
<br />is empowered tocol4eetand receive all compensation which may be paid for any. property taken or for damages to property
<br />na€-t::ken, and Mortgagee~shal4 apply-such compensation, at its option, either to a reduction of the indebtedness secured
<br />berebv or to repair-and resfore•the property so damaged.
<br />' ~ 8. Perforvrianee 5y ),iartgagee.:Mortgagee may, but shah have no obligation, to do any act which the Mortgagor
<br />as agrees but fails to do, rind 1~iortgagee may: also do-any art it deetnsnecessaty to protect the lien hereof.Mortgagor.
<br />agrees to reps.°, upon demand, any sums so expended by the Mortgagee for the above purposes, and any sums so expended
<br />b~- the 1~iartgagee shaft be added to t:re-indebtedness securedhereby andbecome subject to the lien hereof. Mortgagee
<br />shalt nit incur any personal tiabi[itybecause of an}*Ctimg-it may do or omit to do hereunder.
<br />9. Default; Assignment of Rert#s? 7~me is of the essence hereof, and upon Mortgagor's defauitin any covenant
<br />or ~~greerrient of this Mortgageineludingcoocnants to pay whendue the sums secured by this iwrortgage, the bortgagee shall
<br />be entitleds at its sole option=and without notice, to-declare ail sums serured by this Mortgage to be immediately dueand
<br />payable and may commence foreclosure of this. Mortgage by judicial proceedings; and, provided further, that upon such
<br />'default the Mortgagee, or a receiverappointedhy 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 />Sn;t to Urecost of collection and operation of the Property and then upon-the indebtedness secured by this Mortgagee;
<br />said rents, issues-and profts being assigned. to the Mortgagee as further security for the payment of the indebtedness
<br />recurred-hereby.
<br />10. 14ansfer of Property. If all or any part of Lhe Propert} is soled ortransferred without the express writtencon-
<br />sent of.ttie Morigagae, Mortgagee. may at its sole option, declare all sums serured by this Mortgage to be immediately due
<br />and payable.
<br />11. Future .4dvaaces. Upoa rt quest` of ?bortgagor, Mortgagee may make additional and Future advances to
<br />Mortgages Sueh advances, with interest thereon, shall be secured by this Mortgage when evidenced by promissory'notes
<br />stating llrat~ saidnotes--are seruredhe~eby.- At no time shall the principal amountof the indebtednesssecuredby this.
<br />,Mortgage, not including sums advanced to-protect the security of this Mortgage, exceed the original Note.
<br />12. Miscellaueons Provisions.
<br />fa} Any forebearauce itt exercising any right or remedy shall not be a waiver thereof.
<br />fbj Ap'remedies provided herein are distinct and cumulative Lo any other right afforded by taw or equity;
<br />and may be exercised concurrently, independently or successively.
<br />(c} The covenants and agreements contained herein shall bind, and the rights inure to,-. the respective
<br />successor and assigns: of the Mortgagor and the Mortgagee.
<br />(d} Al!'coveuuutts and agreements of the Mortgagor am ,joint and several..
<br />(e) `Ilre headings of the paragraphs of this 1{ortgage am fer ronvemenre only and shalt not be used to inter-
<br />prct ordefine the provision hernof.
<br />I3. Releasut. t7pon payment of alt sums soured by this '1lorlgage. Mortgagee shaft discharge this Mortgage and
<br />shall execute and deliver a satisfactgry release therefor..
<br />IN WfTAiESS WHEftEQF, Mortgagor has executed tnis n{or}gage nn thr .2~hday of _.._ ATL~1 _.. ,19 g~i
<br />. ~ ~,-=1
<br />7.>~ie _ _ . _ _ .__
<br />IIormwer
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<br />.5'h7.TTL'~1~. ...._ , _. ..._... Borrower
<br />Static og Nebrauuks, Ha~l.l.__.__.A....___. . ,_ .._.._..(;ounty ss;.
<br />Un tltrs _-_...day of April _ ~, i9_82__, tx~foxe me, ehe undersigned, a Notary.Pub~ic
<br />duly crommissioned and qualifredfotsaid county. personallrame _ 3~a.le~L Siroty Arid Sh1r12 fit.
<br />______ .____ __ __3'_:.._ . i5~_k__~„'r..._.._
<br />______t!USlxand and N`lfe- _ _ __ ___ to me known to be the
<br />identical petsar(s) whose nardefs} are:.subsenbed to the foregoing rnstroment and acknowledged the execution: thereof
<br />to be .__ his and her vWuntary aMand deed..
<br />Witnes, my hand and notarial. seal ate Grand FSland _ _ ____in said county, file
<br />date aforesaid. ~~yy ~7 /J
<br />My Commission expire.- f'~~)~~j~'f~/~y~= /'~~"~jT.~~,Ge_~
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