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<br />T- Condemnation.. In theeventthe Property, orany pad thereof, shall be taken 6y eminent domain, the Mortgagee
<br />iaempoweied to collectand receive all compensation which may be paid for any properly taken or for damages to property
<br />not taken, soil Mortgagee shalt apply such compensation, at its option, either to a reduction of the indebtedness secured
<br />hereby a io repair and c~tare the property so damaged•
<br />S. Perforraanree by Mortgagee. Mortgagee may, but shalt have no obligation, to do any sct which the Mortgagor
<br />has agreed but fails to do, cad Mortgagee may also do any act it deemv necessary to protect the lien hereof. Mortgagor
<br />agrees to repay, npon demand, any sums so expended by the Mortgagee Por the above purposes, and any sums so expended
<br />by the Mortgagee shall be added to the indebtedness secured hereby and become subject to the lien heieof. Mortgagee
<br />dial! not incur any personal liability because of anything it may do or omit to do hereunder.
<br />9: Default; Aesiptmeat of Rents. Time is of the essence hereof, and upon Mortgagor's default in anp covenant
<br />oragreement of ibis Mortgage, isduding ~vensats to pay xhen due the sums secured by this Mortgage, the Mortgagee shall
<br />be entitled, at its sole option and without notice, to declare aH sums secured by this Mortgage to be immediately due and
<br />payable-and may commence foreclosure of this Mortgage by juduial proceedings; cad, provided further,-that upon such
<br />default the mortgagee, or a receiver appointed by a court, may at its option and without regard to the adequacy of the
<br />- .security, enter upon and 4ke possession of the Properly and collect the rents, issues and pmfts therefrom and apply them
<br />ftrsi to the cost of collection and operation of the Property cad then upon the indebtedness secured by this Mortgagee;
<br />said rents, iiattes and pmGts being assigned to the Mortgagee as flsrther security. far the payment of the indebtedness
<br />secured hereby.
<br />10. 7tanster of Property. If al! or any part of the Property is sold or transferred without the express written con-
<br />- sent of the Motgagee, Aiartgagee may at its sore opUan, declare all sums secured by this Mortgage to be immediately due
<br />and payable.
<br />11. !Clore Advances Upon request of Mortgagor, Mortgagee may make additional and future advances to
<br />Mortgagor. Such advances, wiUt utterest thereon, shalt be secured by this Mortgage when evidenced by {ttomtsaorp notes
<br />stating char said notes are ~ctsred hereby. At aotinde shill the principal amount of the indebtedness sect:red by-this
<br />Mortgage, cot inducting sums advanced to protect the security of this Mortgage, exceed the original Note.
<br />12 Mixailartet+us Provisiotu.
<br />tat rlny (orebearanrr m exer~93ing any nghi nr remedy shalt not be a waiver thereof,
<br />(b) Aq remedies provided herein are diatinrt and cumulative to any other right afforded 6y law ar equity,
<br />and may be escercised ~scurreatly, independently or successively.
<br />tcl 'The crrveaants and agreements contained hrrein shat! bind, and the tights inure Eo, the respective
<br />suttMSStanc and assigrm of the Mortgagor and the Mortgagee.
<br />till Ali caveaaats sad agrsements rrt Use Mortgagor are joint and several.
<br />(e} 'Ihe beadirtgs of the paragraphs o[ Ibis Mortpga are For convenience only and shall not be used to inter-
<br />pret nr define the provisitsns hereof.
<br />13. Rekaae. Upon payment of all +~arns secured by this Mortgage, Horlgagee shall discharge this Mortgage cad
<br />strati execute sad deriver a satffifacloy relrasr tlterefar,
<br />I!V WI`i°ftESS Ptll€REtIF, Mortgagc+r has vzeeuted Utis ~ oa the ~ ~ day of Octobex^ ,19 82
<br />{Larry L. vers_ a°•!O"'+
<br />$trte ~ h}e~a Rall t`aunty ss:
<br />Qt thh_ t?ri, day of ELI. r=h~*z.._ ~ i9,_$:'_, before me, the unbersigned. a Notary Pubtk
<br />duty wed and quari[!ed fur said cauaty, personally came Larr~r L .E.v+7rs ____.
<br />to me tmovrn to be the
<br />idttetictd persart{s} wAose aatne{e) are subsEribe+3 to the foregoing iastnrment and aeYnoxiedged the execution thereof
<br />kr be h. _.~.,_, ;___-_~ . ,~~ voltuttary' net and deed.
<br />~Pitaeaamyhandandnartarial-seatat_ ~%rand-elsland~, NebEa~ka..____~.___._tnand~mty.the
<br />date afoaeaald .
<br />1$}' Cotltaf;ston erlpires: ~./F~, r),r r J
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