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<br />A 7:Candemnation, lntheeventtheProperty,oranypartthereof;shall'betakenbyeminentdomain,tbe!viortgagee
<br />x is empowered to mliect and receive all compensntion ;which may'he paid forariy property taken or for damages to property
<br />not Celten, and \iort~ageo shall apple such compensation,: atitsoption,: either to a reductionof theindebtedness secured -
<br />hereby or to repair andrestore the pmperi7 so damaged.
<br />3. Performance 6y !rortgagee. tfortgagee may, oat shall have no obligation, to do any act which' the Mortgagor
<br />has agreedbut faits to da, and Mortgagee may also do any actit deems necessary toprotecttfielien_hereof,.Mortgagor
<br />agrees to repay, upon demand, any sums so expended by tF.e Mortgagee foti tha above purposes, and any sums so expended
<br />-- by this Mortgagee shall be added to the indebtedness secured-hareby and lsecome subject to the lien hereof. Mortgagee
<br />- shall not incur any personal (lability because of anythingtt may`do or-omit to do hereunder.`
<br />- 9: 1?efauit; Assignment of Rents. Time is of the essepce hereof, and upon Mortgagor'sdefault in'any covenant
<br />ora~;reement of this Mortgage, including covenants to pay when due the sums secured-by this Mortgage, theMortgageeshali -
<br />be entitled, at its sole option and without notire, todeclare'all-sums scented by this Mortgage to'be iarmediately tine and
<br />payable and may commence foreclosure of this Mortgage by judicial proceedings;'and, provided ftrither, that apor. such'
<br />default the Mortgagee, or e receiver appointed by a court, stay at its option and' without regard'to the adequacy of the
<br />- security, enter upon and take possession of the Property and collect the rents, issues and profits therefrom and "apply them
<br />_ first to the cost o[ rollection and. operation of the-Property and then upon thejndebtedness'secured-b}• this Mortgagee;
<br />said rents, issues and profits tieing assigned: to theMOrtgagee-as' furthersecurity`foti the payment of the indebtedness
<br />secured hereby. -
<br />- 10. Transfer of Property. II all or any part of the Property is soldor transferred without-the express written con-
<br />- sent of the Mortgagee, Pdortgagee may at its sole. option, dedaie al! sums secured by. this Mortgage to be immediately due
<br />- and payable.
<br />11- Future Advances upon request et Mortgagor,. Mortgagee may make:'additionetand°-fliture advances to
<br />Mortgagor: Such advances, with interest thereon, ;harl'besecured 6y thisMortgagewhen evidencedby promisor}~ notes
<br />stating that said notes are :.€cwed hereby. At no lime shalt the principal .amount of the indebtedness secured 6c this
<br />Mortgage, not including sums advanced to protect the security of thisMortgage; exceed the original Note.
<br />12. Miscellaneous Provisions.
<br />(aj Any forehearance in exercising any right orremedy shall not be a waiver thereof.
<br />,'b> All remedies provided herein are distinct and~:cumulative to any other right afforded 67 law or equity,
<br />and may be exercised :;nncurrently, mdependeotly or successively.
<br />(c) The covenants and agreements contained herein shalt .bind. and the aghtsinure..tn, the respective
<br />= succrss~ on and assigns of the blodgagot and the Mortgagee,
<br />- ;dj All covenants and agreements of Che Dfongagor are jointand several-
<br />(e I The headings of the paragraphs of this Mor±gage-are for com~enience only and shall not beused to inter-
<br />pcet or dc!ine the provisions hereof.
<br />13. Release. Upon payment o[ all sums secured by this hlort.gage, Mortgagee shat! diseGarge-this Mortgage and
<br />shall execute and deliver a satisfaetati release therefor-
<br />IN WITNESS WHEREOF,'vtortgagor has executed [his Mortgage on the ~` th day oC August _ 1982_
<br />
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<br />State o[ Nebraska, --_-. Hall ------Cooney' ss:
<br />On this__ 4th _ day of August _ _ tg __, More me, the u:ldersigned, a:Notary Public
<br />duly commissioned and qualified for said cowrty, personally came ~ rn-,1 d ~ rw~enn and. Linda C'. Wenn
<br />------ - ---._-- __- to me known to be the
<br />identical person(sl whose name(&) are wG~cribed to the toregoing instrument ar.d acknowledged the execution thereof
<br />their
<br />W be volunran- act and deed
<br />Witness my hand and ootanal seal at Grand Islar.~, .:E _ _in said eoltnty,the
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<br />doll' 3fO7e5ald. '
<br />My (:ommusion expires: ~ - `% ~ ~....
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<br />~ ~~. [votary Public
<br />IQ' CYars. BF Owl 10. 1982
<br />--- -- ~tioxce Relvw- 3'his Lune Res-en'ed f'~r Lenderand $eCardei)------- -- -
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