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<br />" 7. Condemnation. L>t the eventthe Property, or any part thereof, ;hall betaken by eminent domain, the Mortgagee
<br />is empowered to cotlect and receive all compensation which may be paid' fee anyproperty Caken or for damages to property
<br />not taken, and bloikgagee shall apply such compensation, ai its option, either to a reduction of the indebtedness secured
<br />~'~~' hereby or to repair and restore Lhe property so damaged.
<br />8. Performance 6 Mor
<br />y tgagee. Mortgagee: may, but shalt have no obligation, to do any act which the Mortgagor
<br />has agreed butfails to dq and Mortgagee may. also do any. act it deems necessary to protect the lien hereof: Mortgagor
<br />agrees to repay, upon demand; any sums so expended by the Mortgagee for the above purposes, and any ums so expended
<br />= by the Mortgagee shalR 6e added to ifie indebtedness secured fiereby and become subject to the lien'hkreof.'MortgageP
<br />ahall.:not incur ;try personal tiability because of anything it may door. omit to 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 this Mortgage, including covenants to pay when due thesuuts secured by his Mortgage, the Mortgagee shall
<br />be entitled, at its sole optioh'and without notiee, to declareall sums secured. by this Mortgage to beimmediately due and
<br />payable gild msy eammenceforeclosure..of tnisiGlortgage: by judicialpr~ceedings; and, provided further, that,upan such
<br />- default the Mortgagee, or a receiver appointed by a court,. may at its optton and without regard to the adequacy of the
<br />securit;, enter upon. and take possession of the Property and co]tectthe rents; issues and proFts therefrom and apply them
<br />tint to the cost of collection. and operation of the Property and then upon the"indebtedness secured by this Mortgagee;
<br />said rents, slue, and profits_being assigned tohe Mortgagee as further security for. the payment of the indebtedness
<br />u-cured herebv. -
<br />10. Transfer of Property. If all or any part of the Property Issold or trans ferred_without the express written con
<br />- sent of the Mortgagee, Mortgagee may at its stile option; declare alt sums securedbi'ahis Mortgage~.LO:be immediately due
<br />and pay-aGle_
<br />11. Future ,4dvances. l;pon,request of`Morcgagor, Mortgagee may make additional and future. advances to
<br />hlongagee. Such advances, with interest thereon;`shall tie secured by this Mortgage when etidenced by promissory-notes
<br />stating that said notes are secured hereby. At no time shaiF the prihcipal amount of the indebtedness secured bq,ttii,
<br />Mortgage, not including sums advanced toproteettheseeti;,tyofthisMorLgage,exceedLheoriginalNoLe_
<br />12. Miscellaneous'Provisions, -
<br />ial elny forebearance in exercising any right or remedy shall not be a`waiver thereof.
<br />(bj All remedies .provided -herein azedistlncl and cumulative to any oth~r'i'ig`ht a?[or e
<br />and may be exercised concurrently, independently. or successively:
<br />!c) 'Ifie covenants and agreements contained herein shall bind, and the rights inure'to, the respective
<br />successors and assigns of the Mortgagor and the. Mortgagee.
<br />(dj All cotenants and agreements of the R~Iortgagor are 7ointand several.
<br />(e) The headings of the paragraph, of tins ;ti7ottgage are for convenience only and shallnot be used So inter-
<br />pret or de5ne the. provisions-hereoi_
<br />13. Relea~. Upoti payment of'all sum5securt~', by-this Uforlgage, ~longagee shall discharge this Mortgage and
<br />shall execute and deliver a satisfactory release therefor
<br />lti 11'11'NESS WIiEREOF, Mortgagor has executed this Mortgage,oir the. 24thdav at'.__ June ;1882
<br />Ta.1- er - - ~-no~r~w
<br />_ ____ . __ _ ______ BOROw,r
<br />State of Vebrasha,..,'Hall ,._~~. County ss:
<br />O^ this. 2~th day of___~}~~,__, 19 __$2, before me, the undersigned, a Notary Public
<br />duly commissioned and Qualified for said count} ,personally came _ LARRY L. EVERS__
<br />- to mr known to be'the
<br />identical penoa(s) whose name(s) are subscnbed tip the foregoing instrument ahil acknowledged the executionhereof
<br />to he _.____t21S --voluntar}~ act and deed.
<br />wltnec m- hand and notarial seal at Grand Island
<br />y - - in said county, the
<br />date aforesaid. ".
<br />hly Commission cspire. {~~ ~ G€NEg1LLNQTARY-sattorreorrnl (/~
<br />,~ PEGGT MARKER !.•-•xlj~~~~~ A/( ~,P
<br />....-~ My Comm. bD. !bv_:23, 1983+ ~ j. (y/(I notary rubric
<br />___ _____-._____ (SPUCeBero~c Ttus Line fteurvetl F'nr Lender anti Recorder; - -
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