|
<br />7. Condemnation. Io the event the property,orany part thereof, shall be taken by eminent domain, the Mortgagee
<br />is empowered to rnNeet and receive all compensation-which may be paid for any property taken or Cor damages to property
<br />not taken; lad Mortgagee shall -apply such compensatloa, at its optlor., either to a reduction of the indebtedness secured
<br />hereby or to-repair and restore the pmperty so damaged.
<br />8. Pffiferrnance by Mortgagee: Mortgagee- may, but shall have na obligation, to do any act which the Mortgagor
<br />has agreed but fails t+i do, and Mortgagee may also do any act it-deems necessary to protect the lien 6ereot. Mortgagor
<br />ajgees to repay, upon demand; any sums so expended by the Mortgagee for the above purposes, and anysums so expended
<br />by the Mortgagee shalt be added• to the Iadebtedtress secured heretry and become subject to the lien hereof. Mortgagee
<br />s6s11=nat incur any petsonatliabWtp because of anything it may do of omit to do hereunder.
<br />9: Default; Aaelgament of Rents. Time is of ttie essence hereof, and upon Mortgagor's default in any covenant
<br />of agreement of this Mortgage, induding covenant's to pay when due the sums secured by this Mattgage, the Mortgagee shalt.
<br />be entitled, at its sole option end without notice; to dedare all sums secured by this Mortgage .to be immediately due and- -
<br />" payabM and may commence foreclosure of this Mortgage by judicial proceedings; and, provided further; that upon suet
<br />default the Mortgagee, or a receiver aQpointed by a court, may at its option and without regard to the adequacy' oP the
<br />sactuity, enter upon and take possession of the Property and collect the rents, issues and profits therefrom and apply them
<br />fldt to the cast of cotlectian and operation of the Property and then upon the indebtedness secured by this Mortgagee;
<br />said recta, iasu~ and profits being assigned to the Mortgagee as further security for the payment of the indebtedness
<br />secured hereby.
<br />It1. Treader of Property, it all or any part of the Property is sold or transierred without the express vtritten con-
<br />sent of the Mortgagee, Mortgagee may at its sde optlon, declare all sums secured by this Mortgage to be immediately due
<br />sad payable.
<br />12. Fhture Advances. Upon request of Mortgagor, Mortgagee may make additional and future advances to
<br />Mortgagor. SLch advances, with interest thereon, shat) be secured by this Mortgage when evidenced by promissory notes
<br />stating that said notes are secured hereby. At no time shalt the principal amount of the indebtedness secured by this
<br />Mortgage, not iaduding sums advanced to protect the secnrity of this Mortgage, exceed the original Note.
<br />12 Mhoellaneoaa Provisions"
<br />(a) Any forebearance in exercising any right or remedy shall not be a waiver thereof.
<br />(b) All remedies provided herein are distinct and cumulative to any other right afforded, by law or equity,
<br />and may he exercised roncurrently, independently or successively.
<br />(c) The 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 />(d) All covenants and agreements of Ehe Mortgagor are joint and several.
<br /> (e) The -headings of the paragraphs of this Mortgage are for convenience only and steal! not be used to inter
<br /> pret ordefine theprovisions hereof.
<br /> 13. Release. Upon payment of ail sums secured by this Mortgage, Mortgagee shall discharge this Mortgage and
<br /> shall execute and ddiver a satisfactoig release ttrerefor.
<br /> IN WITNESS WHEREOF, Mortgagor has executed this Mortgage on the26th day of OGtobeT ,19 82 .
<br /> ,f.7 ~
<br />i € `ol
<br />~~,
<br /> ~
<br />~
<br /> ,
<br />ie aa~rnwar
<br /> ~ ,.
<br /> % fi'
<br /> J n IInpfield , ~,, ~~~~
<br /> State of Nebraska, Hall ~ County ss: v
<br /> On this- 26th day of October 19 82 ,before me, the u ndersigned, a Notary Public
<br /> duly commissio~d and qualified for said county, personally came Paul R. Dnpfield and Jolene M. ~f laid,
<br /> Husband -and Wife , to me known to be the
<br /> identical. person{s) whose name(s) ace subscribed to the foregoing instrument and acknowledged the execution thereof
<br /> ~ ~ his. and her voluntary-act and deed
<br /> R~tttess my head and notarial xp1 at C,,raftd Island, Nebraska ~ in said county, the
<br /> date aforesaid.
<br />"~""
<br />~
<br />n
<br />`
<br />
<br />~
<br /> wrrreras wuan+ - away
<br />~
<br />~ ~_y~,~_ cep
<br />~ ~/
<br />,i
<br />„~, ~tv" `~~ ~ [>URNE ilOfvnt[?' 's n 34t-1 ~ [.--1ty`t~9-+~ux -~'~'~'',`
<br /> ~
<br />_ "T - _ MY ;.t7mta. EnD 1d~e S. i9d5 Notarr Public
<br />~~~ -,`,
<br /> fapaor selo~ 1yW I.iita Rtle[rad For Lrndw and R~aordeq
<br />. A \~
<br />- _
<br />r . -
<br />_ _ - _
<br />- ':\ :.
<br />~..~.`
<br />y~~ ~
<br />4 ~ ~ Gti7 ~ .t~
<br /> ~ .... ~
<br /> -
<br />a
<br />'
<br />'
<br />•~
<br />
<br />
<br />-
<br />r~
<br />;e y ~
<br />~.R.. CI ~ \
<br />
<br />-*
<br />^'4.
<br />~ r
<br />.~
<br />YJ ~.~
<br />^ 1
<br />~~' _tii '~..~.
<br />~ L ~ ~ .y
<br />x>!t tttaa aaa _ ~.
<br />- ~
<br />..~
<br />. ~
<br />,_ ~,
<br />
|