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7. Coodemna flan. 1n the evenbthe Property. nr any part thereof, shall Se takertby eminent domain, the- Mortgagee
<br />isempowemd tamllcctandreceive all compensation which may be paid for any propeity taken or for damages to property
<br />nat taken, and bloftgagcc shall apply such compensation, at its optian, either to a reduction of the indebtedness ser_ured
<br />_ hereby or io repair and restore the property so damaged.
<br />8. Performance by Mortgagee. bfortgagee may, but shall have no obligation, to do any act which the Mortgagor
<br />has agreed but fails. to do, and Mortgagee may also de anp act it deems necessary to protect the lien hereof. Mortgagor
<br />agrees to repay, upon demand, any sums so expended by the M1fortgagee !or the above purposes, and any sums so expended
<br />by the Mortgagee shall be added to the indebtedness secured herehy and become subjeci to the lien hereof. Mortgagee
<br />;hall not incur anypersonal liability because o[ arythiug it may do or omit to do hereunder.
<br />9: Default; Assi~ment of Rents- Time is o! the essence hereof, and upon Mortsagor's default in any covenant
<br />or agreement at this Mortgage, including covenants to pay when due the sums secured by this Mortgage, the Mortgagee shall
<br />bP etttitted, at its sole option and without notice, to declare all sums secured 6y this Mortgage to be immediately due and
<br />payable and may commence foreclosure of this Mortgage by judicial proceedings; and, provided further, that upon such
<br />deWult [he Mortgagee, or a receiver appointed by a court, may at its option and without regard to the adequacy of the
<br />security, enter upan and take possesxion o[ the Property and collect the rents, issues and pmfits theredrom and apply them
<br />Brat to the cost of-collection and operation of the Property and then upon the indebtedness secured by this Mortgagee;
<br />saidttnts, issues and profits being assigned to the Martgagee as further secu ty [or the payment of the indebtedness
<br />secured hereby.
<br />10. 7Ymsfer of Property. It 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 ail sums secured by this Mortgage to be immediately due
<br />and payable.
<br />II_ Future Advances. Uran request of Mortgagor, Mortgagee cagy make additional and future sdrances to
<br />Mortgagor. Sum advances, with interest thereon, shall be secured by thisMOrtgagc when evidenced by promissory notes
<br />stating that said notes are secured hereby. At no time shill"-the princpilamount of the indebtedness secured by this
<br />Mortpgr, not inctuding sums advanced to protect the security of this Mort{age, a=teed the originil Note.
<br />12. Miseellao~ouc Ptarisions.
<br />(a) Any torebearance in exercising any right or remedy shalt not be a waiver thcreol.
<br />(b) All remedies provided hereie are distinct andcnmulative to any other right afforded by Iaw or equity,
<br />and may he exercised roocurrently, independently: o[sucerscively.
<br />(c) The covenants and agreements mntautedhereirtshallbind, and the rights inure to, Che respective
<br />successors and assigns of the Mort;agor and: theMOrtpgce.
<br />(d) A71 covenants and agreements of the Mortgagor are joint and several.
<br />(e) the headings of the pangnphs of this Mortgage are for convenience onty and shall not tce used to inter
<br />pttt or define the provisions fiereoL
<br />13. Release. Upon payment of all sums secured by this Morta•ae, Mortgagee shill discharge this Mortgage and
<br />shall execute and deliver a satisfactay release therefor.
<br />iN WITNESS WHEREOF, Mortgagor has ezecutrd this Mortgage on the 9 day of 3 une ___ Ig 82 .
<br />( d L: Trembley) ~ ao,r
<br />~~,t ;=°1
<br />arbara A. Trembley --:-~. Bonow~,
<br />State of Nebraska, Hall _ Couaty ss:
<br />On this 9th day of June 19_4ti, before me, the underigned, a Notary Public
<br />duly trommlasiooed and qua,ified for said rnunty, personally came DaL id L. ': rembley aid Barbara A.
<br />Trembley to me known to be the
<br />identical petsor.{s) whosa uance(s) are subscribed to the foregoing instrument and acknowledged the execution thereof
<br />to be _ their _ voluntary act and deed_
<br />Witness my hand and notarial seal at__._ Grand Island, 1dE____ in said county, the
<br />date aforesaid.
<br />~,.,~ My Commi~io^ expires: Hirai wr.ur-AM. r a.a.+s. l " ~ i - i
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<br />~,^~' MARK D. STB.K _ ~- ~- --_
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