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=:. ~n the event thr' °rcperty, nr ary part thereof, shall- be taken by eminent-
<br />damain; the Mo~,iaagee is empoa,ared tc co'lect and receive all compensation ~•vhich
<br />may be paid for any property taken cr Tor damages toproperty not taken,and Mortgagee
<br />shall apply such campensation,_at its ~tion, either to a reduction of tfie indebtedness
<br />secured t;ereby or to repair and resto;- *h~ r~roperty se damaged.
<br />5, Mortgagee may, but shall have no obligation, to do any act which the "Mortgagor
<br />has agreed but `ails to da, and Mortgagee may also ao any act it deems pecessary to
<br />protect the Tien hereaf_ Mortgagor agrees 'o repay, upon demand, any Sums so eXpended
<br />by the Mortgagee for the above purposes, and any sums so expended by the; Mortgagee
<br />shall be added to the indebtedness securer hereby.and-become Subject to 'the lien
<br />hereof. t~crtgagee shad not ~.ncur any personal liability because of anything it
<br />may do or omit ta.do hereunder.
<br />6. Time is the essence hereof, and upoh Mortgagor's default in any covenant
<br />or agreemeht of this Mortgage, including covenants to pay when due the 'sums secured
<br />by;this Mortgage, the Mortgagee shall be entitled,`at its sole ~ptian.and without
<br />notice, to declare all ..sums secured by this Mortgage to be immediately due and
<br />payable and may .commence foreclrisure of this Mortgage by judicial; proceedings;
<br />and, provided farther, that upon such default the. Mortgagee, or a receiver
<br />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 ?roperty and collect the. rents
<br />issues and profits therefrom and apply them first to the cost of collection ahd.
<br />operation of the Property and then upoh the indebtedness secured by this Mortgage;
<br />said rents, issues and profits being assigned to the Mortgagee as further security
<br />for the payment of the indebtedness secured hereby,
<br />7, if all or any part of fhe property is sold or transferred without the express
<br />written consent of the Mortgagee, Mortgagor may at its spiesoption, declare all sums
<br />secured by this Mortgage to be immediately due and payable.
<br />any forebearance in exercising any right or remedy shall not be`a waiver thereof.
<br />g. Alt remedies provided herein are distinct and cumulative to any other right
<br />afforded by Saw or eguity, and~sray be exercised concurrently,.independently ar
<br />successively.
<br />1Q. The covenants and agreements contained herein shall bind, and all rights
<br />inure to> *.he respective successors and assigns of the Mortgagor and the ,Mortgagee.
<br />ii: All covenants and agreements of the'Mortgegor and the Mortgagee are joint
<br />and several.
<br />12. Upon payment of all sums secured by this Mortgage, Mortgagee shall discharge
<br />this Mortgage dnd shall"execute and delivAr d satisfactory release therefor.
<br />IPT WITP4ESS WHEREQF, Mortgagor has :executed this P~~ortgage on the ,~? day
<br />~. ice Marge y
<br />~~~e
<br />STATE OF PlEBRAS~!A, Ha11 _ County ss:
<br />(ln this day of
<br />MIL,. a..~$2::~....._, Yl}~ before me, the und¢rs ,geed, a.Pda to r•y :
<br />Public duly carmissioned and qualified for said county, personally came _Rlice Marie
<br />Nelty and_Marvin G. Welty, wife 8 husband _ , to me known ~a be the identical
<br />persons whose names are subscribed tc the foregoing instrument anr# acknowledged''the
<br />exe;:~ation thereof to be their o~olLntary ._t ar,' d~yed.~`y~~ / (,~/.-~
<br />- ~~rua~ I 'rotary Public "`_ ~.~`..'`--.._
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