|
<br />7, Comdernnation. :nthe~eventtheProperty;aranypartthereoEshatlbetakenbgeminentdamain;theAfortgagee
<br />is empov: Bred to toilets and receive atI rompensationwbich may be paid Par any, property taken or for damages'to. oropei•ty
<br />not taken, and hforcgagee shall apply such campensat'ran, at its option, either: to a seduction of the indebtedness notated
<br />hemb}' or to repair and resiore the pro pert}~ ;o damaged. '
<br />S. Performanm by '.tortgagee. ;vtortgagee raa}'ibut shalPhave no obligation; to do any;act'which the'14ortgagor
<br />F.as agreed bnt fails to do; and Mortgagee may also do any act it'deems nedessaryao'pcotect thelien hernof..Mortgzgor
<br />agrees to repay, upon demand, any sums sc upended b7 the'Nortgagee for ttieabovepurposes; atdany sumssoexpended
<br />by Lhe Motgagee shall be added to the indebtedness secured hereby and>become subject to the lien hereof.'.Mortgagee
<br />shaNoot incur aey personal liabititvbecause of am~thing i[ maydo or omiCto dahereander.
<br />9. I)efauit; Assignment of Rene. Time is oC the esaPnce`hereof, ahd upon Mortgagor's default in any covenanE
<br />or agreement of this Mortgage, including covenar,Lc to pay when date the :ums secured by this Mortgage, the Mortgagee shalh
<br />be entitled, at its sate option and without notice. to declare nil sans seeurndby Chis.~lortgage to tae unmediately due'and
<br />payable and may commence Porecinsure of this ]lottgage by iudicia~ proceedings; and;rprovided further. that-upon such
<br />default the Mortgagee, or a receiver appainied be a court, ma~° at it~~ option and without regardto the-adequacy of the
<br />security, enter upon and take possession of the Property and collect. the rent,, issues and~profite therefrom and apply them
<br />fhstto the cost of collection and operation of the Propert~~ and then upon the indebtedness.,ceeuredbs~ this Mortgagee;
<br />said rents, issues and profits being assigned to the Raortgagee as furher security Cor the paymenk of the indebtedness
<br />secured hereby.
<br />10. Transfer of Property. If ail or any par cat the Properc: is sold or transPxrred: withou.tthe erpress written con-
<br />sent of Lhe Mortgagee, Mortgagee mac at iL5 sore option, declare all sums secured by thicMortgege to be immediateh• due
<br />andpayable.
<br />ll. Future Advtnces. Upon request of '4ortaager, P$ortgagee may. make additional and :future advances [o
<br />Mortgagee. Such advances, with interest thereon, shs;i be seeuredby this-Mortgagewhenevidenced by:promissory roes
<br />stating that said notes are secured hereby. ~,t no time shalt the:'princrpal^amount of the indebtedness secured by this
<br />Mortgage, hers including sums advanced to protect the security ofthis ,l4ottgage. aYCeed the originat~Notr.
<br />12. 6fiscellaneous Provisions.
<br />fat Any forebeerance .n exercisiuq ant right or remedy shelf not be a v~aiver thereof.
<br />(b). All remedies-provided herein are distinct and cumulative to and= other right afforded 6y law or equity,
<br />and may be exercised -roncurrenth~, inde pendeutfy'or successt~ely.
<br />(c) The covenants and agreements contained hezein~,hatl bind, and the Ngh is inure Lo, the respective
<br />successors and assigns of the- ~lorl;agor and Cfie Mortgage~-
<br />(dl Allcovenants and agreements o[ the \-lortgagor are jo'uu and several
<br />(e} The headings of Lhe paragraphs of this 1'lort Ca Ke ?n' fur convenVencr only and shall not be used Lo inter-
<br />pret or define the provisrous hereof. -
<br />73. Release. Upon payment of all smn, secured be this ~~ t ~ .'clu rl shall disc_I:arge this Mortgage and
<br />:hall execute and deliver a satisfacton release there For.
<br />i -_, ~-•
<br />IN WITNESS\9Ht;REOF, Mortgagor hascxecuted qls 9or,Aty~r a;hF 3~aay"~l ~U}~USt __ l~ 82
<br />:l ~ ~
<br />//~~~/ ~
<br />~ 7~~/ r
<br />David E, Philippi. ~/~~f- - ~>~«<~w~r
<br />N2iorti Philippi ~ - ear=~„«
<br />State of Nebraska, . ----- Hall___._..._. _.... _. _.......~ _ _ County -
<br />Ou this _ -~ _ day of _ _ AL 1St _ _ _ ly g2 _ be,orn me, the undersigned, a Notary Public
<br />duly commissioned andqualified for said county, persoitaily rmrre _ ~iLr1d.F.~~h111j7111. 3.I]H.N2CIIl1_Phil_i n~ni aS
<br />Joint Tenants. with- Right of S~trvivorship_and not as _tenant~ in cunrrL,rk~ r.,e k„own to be the
<br />identwal personjs).whose nama(si are: .subscribed wthe lbrogoing irntrument-zrtt~ acknowledged the execution thereof
<br />- to be _ h3S_3tld Yler __ voluntary set and deed. /~
<br />titiluvss my hand and notarial seal at_______._ G~~1~.~r~~-~~~. Sri said county, the.
<br />date aforesaid . ~ ~ .'-
<br />i ,-;
<br />n~ ,~
<br />i_. My.Commission expr ~~~~~/iiilallr ~:~ ! ~~>% ~!~ _: 'S/e~
<br />~A~ ~ - ~ / -- ! k -•~ ~- -
<br />
<br />~ ~ ~ ~ ~ ~
<br />c ~~ i
<br />y •~-
<br />E <~
<br />~ ~ ~,
<br />'' ct9
<br />V m ~ yVi.
<br />~~ R ~~ !~ "T5-
<br />y_ ~,
<br />L' iY~ -..
<br />( Pace [i`'f U'n' "rl -~ 1 ne Kcs. ~-i~d I-er L: ',~r and .ir ~r~<•i) ---
<br />---~:
<br />- ~ ~\_~
<br />~~~
<br />~ ~;
<br />~C
<br />
|