|
<br />7. Condemnation_ s [he evl~nt the ?ropertc. orany part thereof; steal! be oaken by eminent. domain, the 41ort6a~*ec
<br />isempowered Co col!ecCand receive aIi compensation wt±ich may be paid for any property takennr fordanrages to property
<br />not taken, and Mortgagee shah apply such compensation, at its option, either td a reduction oC the indrbr.edness se,-ured
<br />herehp ar to repair and restore the property so darn2ged.
<br />8.. Ferfortnance by Mortgagee. Mortgagee ma but steal! have r.o obligation, to do any act which the Mortgagor
<br />has agreed but [ails to do, and bfor[gagee may also da anc ac•t it deem, necesan to protect the I[en hereof. Mortgagor
<br />agtee•s tc repay, upon demand, any sums so expended by the Mortgagee ter the alwye purposes, and any sums so expended
<br />by the lylortgagee shall be added co the indebtrdr•.e~c secured hereby and become subject t.o the lien hereof. Mari,gagre
<br />shad en[ incur ang° personal liabilitc bxause of anything it may do or omit r~r> do Hereunder.
<br />9, Default; Assignment of Rents. Time Is of the essence hereof, and upon .Mortgagor's default in any covenant
<br />or agreement of thisMortgage, including r_ove,tanis to pa} when due the surtU secured by this Mortgage, the Mortgagee shalt
<br />be entitled, at its sole option and u~ihout notice, .,o declamallsumssecured bg rttis Mortgage to he immediately due and
<br />payable and may camrnence Forrdosure of this ~?orcgage by }udicia! proceedings; and, proF~ded further, that upon such
<br />default the Mortgagee, or a receive=r appointed 6t~ a coup, may at its option and without regard to the adequacy of the
<br />security, entee upon and Uke possession of the Property and collect tfie mitts, issues and prof'itr therefrom and apply them
<br />first to the colt of collection and operation of the Property`and then uprzn t.hr indebtedness secured by this Mortgagee;
<br />said rents, issues and profits being aisi~tted to the 'tldrtgager_ as further security for ihr payment of the indebtedness
<br />secured hereby.
<br />10. '!Yuiafer of Property. If all or any part of the Property ~s sold or Lransferred without the express written con-
<br />sent of the Mortgagee, Mortgagee may at its soil: option, declare all samssecurnd6y this Mortgage to he immediately due
<br />and payable.
<br />11. Future Advances.. ::pon request of ~'Iartgagor, Mortgagee may make additional and future advances to
<br />Mortgagee. Such advances. wrth interest thereon, shall ~ secured by this :Mortgage when evidenced by promissory notes
<br />stating chat said notes are seettred hereby- .fit no time shaft, the principal amount of the indebtedness secured bv_ this
<br />Mortgage, not includint>ums advaticed'to prefect the security of this M©ttgage, exceed the original Note.
<br />12. Mccellaneous Proviaeotit.
<br />lal Any' forebeannce in irxerctttng an t• n~ht or remedy ;hail not 6e a waiver ihereo(.
<br />(b) Alt remedies provided herrr^ are dstinct and cumulative to any other right afforded by law or equity,
<br />and may br exercised .^oncurrenth~, independrntiv or sucressivrly,
<br />([) The covenants and agrr«menrs containedttereitiyha}I heed, and the rights inure to, the respective
<br />sucec~ors and assig2s of the Mortgagor and the Mortgagee,
<br />id) All covenants and agreement+ of the Mortgagor am fvrot and v,veral.
<br />leP the headings of the paragraphs of thrs lfortgagr arv for ~•onvc mence oNs end ,half not be used to inter-
<br />pret or deCme the prwisrorrs henK~f.
<br />13. Rekaae. Upon pity meet of all sums secun~d bt rho. 11r~rtgaf+~. btu+rii;agrr .h;dl durhargc this Mortgage and
<br />shall execute and delrver a gtlsfatKOrp release therefor
<br />fN t4IT'NES$ WH£RLtlE', Alongagar hay exeeulr-d the 41ortKagt~ or. the 19tY>nay of _M~tY_..._--• 19 _~~_.
<br />Bill :T. Woc~dty2.rd a,/kJa R"illiain J. Wood,
<br />i, ~
<br />{:. ~~,,
<br />;/ Boau wrr
<br />State of Nebraslsa, __. ___-~.~._ __ __ t`nunty ~.,.
<br />Dn lhis~,~~h_._day ot_____~___ _ _ _. P~ ,~_ br[ore me. the tutdersigned, a Notary Public
<br />duiv commissioned and qualified tar said county. pr:wnall~ <amr . Bill. J. ~l~othQard 3% k!a iYilliam.~7__.___
<br />RooduvaiYl
<br />-._'-'---`-- -- -------~.. _. --_-- . to me known to be the
<br />identical Personas) whose name{sl are subscrcbed to the foregn~ng m+trvmcnt end acknowledged the execulSOn therroC
<br />to be _ R15__.--.__-._ voluntary set aad deed.
<br />',Yitnesa my hand and notarial sea) at ------- v2-d71d Island ___~_-.._ in said coon h', the
<br />date aforesaid.
<br />hr•Y r~iiu~tstrraa
<br />(~Cxcc fSr'.nr 'Thin L+nr it Ter r, rsl F.~, L<u.f rc nn3 }<nurd e[~ -- --
<br /> ~
<br />~
<br />~ ° ~
<br />i
<br />~
<br />T q ~ ~
<br />~ ~
<br />
<br />Sit y
<br />~
<br />~
<br />~ }r`7
<br />
<br />= ; ~ ~
<br />~-- - . eta ~9!
<br /> r ~ c+
<br /> is °.
<br />
<br />4- t.-
<br />-!~
<br />ti,~. ac
<br /> ~
<br />:~ ~- ~
<br />
<br />
<br />
<br />
<br />.~
<br />
|