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<br />7- Condemnation. [n [he e~°ent the Prnp~rty, or any part td~ereof, shall be taken 6y iminent doman,ihe Mortgagee
<br />5 empowered to collect and receive all ccmpenwtion which may be paid for any property taken or for damages to properly
<br />not taken, and Mor~tagee shall apply such compensation; at its option, either to a reduction of the indebtedness secured
<br />hereby to to repair and restore Lhe propertyso damaged.
<br />S. Pertotmance by Mortgagee. Mortgagee mar, but shall have no obligation, to do any act which the Mortgagor
<br />ha: agreed bvt fails to do, and Martgag~e, rosy also do any act it deems necessary to protect the lien hereof. bfottgagor
<br />e~rees to repay, upon demand, any sums so expended by the Mortgagee for the above purposes, and ar.}• sums so expended
<br />by tt:e Mortgagee shill rte added to the indebtedness secured hereby and become subject to the lien hereof. Mortgagee
<br />shall not incur any personal liability because of anything it may do otontit to do hereunder.
<br />9. fkfault; AsaiEnment of ?trots. ^ime is of the essence hereof, and-:upon Mortgagor's default in any covenant
<br />or agreement of this Mortgage; iccivding covenants to pay when due the sums securedby this Mortgage, the Mortgagee shall
<br />be entitled, at i~ scle option and without notice, to declare aR'sums secured by thisMotfRage [o be immediately due and
<br />payable and may rnmmence foreclosure of Chis Mortgage by jadic"tat proceedings; and, provided further, that upon such
<br />default the Mortgagee, or a receiver appointed by a court, may'.at its option and without regud to the adequacy of the
<br />security; enter uponand take possession of the Property and collect the rerzts, rues and profits therefrom and apply them
<br />first Lo the cost of rnltection and opention o[ the Property aad then upon the indebtxdhess secured by this Mortgagee;
<br />said rents, issues and profits being assigned to the Mortgagee u further security for the p±yment oC She indebtedness
<br />secured hereby-
<br />10. Transfer o[ Property. i[ atl or any put of the Propert}~ is sold or transferred without the express written con-
<br />sent o[ the Mortgagee, bortgagee may at its sole option, declare all sums secured by this Mortgage to be immediately due
<br />and payable.
<br />Il. Foture Advances. ltwa request'of klartgagor, Mortgagee may make additional and future advances to
<br />Mortga;or. Such advances, with interest thereon, shilt be secured by this ?Hort~age when evidenced by promissory notes
<br />stating that said notes are secured herehy..At rfo titre shalt the principil amount of the indebtedness secured by this
<br />Mortgage, not including sum.¢ advancc^d to protect the security of this Martgage, exceed the original Note.
<br />12. Mu~etfaaeous hovisioet,
<br />(a} P.ny [orebearance m exkrctsing any night ar retaedy shill not be a waiver chererot-
<br />fh) All remedies provided herein are d+atinet and"cumulative to any other right afforded by law or equity,
<br />and may br exercised roncurrertE}', independently or successively.
<br />(cl The covenants and al(rermenia contained berets ah+ll bind, and the rights inure to, the respective
<br />wecessors and assirns of the Mortgagor and the Mortgrgee.
<br />(dy All rnvenants and rQrermenta of the Mortgagor tre joint and several.
<br />(ej Tbr hrad'mp of the paragraphs of ibu Mort{agr are far cottttuiettottOnly and shall not be used to inter-
<br />pret nr defiinr the pravisiuns hrrenf.
<br />13. [tekre. (;pop payment o[ all sums second by this Mortpge, Mortgagee shall discharge this :Mortgage and
<br />shall execute and deliver a utufacto:}' release therefor.
<br />[.t WlT4ESS WHEREOF, Mortga;or has erecutd this Mortpgc on Lye ~~ da} of __-June _____, 19 g•~
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<br />s 3C rrYfl(~eT).~.~`---'--Bo,raver
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<br />nren3o~-A~:-L~a~~nge~j- ,J »or<~wer
<br /> Slats of Nebraska, __ Hall County ss:
<br /> Oct this 2nd day o[^..ttrne 19 ~~, before mr, the undersigned, a Notary Public
<br /> dolt cammissiuned and getaiiGed for said county, penonaliv came- t't: ffnrd P. f;arrizcc= and
<br /> __ Rvendolv~n A" (72rrin~er _ ~ ___ ___, tp me known tObe Che
<br /> idtnti+'al personas} whose name(s) am sutscribed to she foregoing instrument and acknowledged Eheexecution thereof
<br /> ~ ~ their _- voluntary act and deed-
<br /> [_-god Tg ta_ttd '~F
<br />d and notarial sr es a __ _ .-.-_---
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