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<br />7, Cam. In the ev+rnt the Property, ar any part thereof, shall be taken by eminent domain, the Mortgagee
<br />is erm~owuttd b od#-rt and rsesiw ~ compensation which may be paid for any property taken or for damages to property
<br />nd taken, and ~ sddt apply artrb eoaapenwtlon, at its option, either to a reduction of the indebtedness secured
<br />Ibsraby ce to repaaur and restore the property ao damaged.
<br />$. P+rtfonmanee by A6ortgagaa. Mortgagee may, but shall Gave no obligation, to do any act whleh the Mortgagor
<br />has agreed but !Nk to ~, and Mortgagee may also do any act it deems nerx~ssary to proteM the lien hereof. Mortgagor
<br />agrees to ropey, upon demand, say sums w expended by the Mortgagee for the above purposes, and any sums so expended
<br />by the Mortgagee atoll be added to the indebtedness secured hereby and become subject to the lien hereof. Mortgagee
<br />shall not incru anq personal liability bepuse of anything it may do or omit to do hereunder.
<br />9. thfauit; Assignment of Rents. Time is of-the essence hereof, and upon Mortgagor's detaWt in any covenant
<br />oragreement of this Mortgage, Inctuding covenants to pay when due the sums secured by this Mortgage; the Mortgagee shall
<br />be entitled, at its sole option and without notice, to declare all sums secured by this Mortgage .to be immediately due and
<br />payable and may commence foreclosure o[ this Mortgage by judicial proceedings; and, provided further, that upon such
<br />deLuit the Mortgagee, or a receiver appointed by a court, -may at its optioa 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 />fiat to the cost of collection and operation of the Property and then upon the indebtedness secured by Lhis Mortgagee;
<br />said rents, issues and profits being assigned to the Mortgagee as further security for the payment of the indebtedness
<br />secured- hereby.
<br />10. Transfer of Property. It all or any part of the Roperty is sold or transferred without the express wNtten can-
<br />sent of the Mortgagee, Mortgagee may at its sole option, declare all sums secured by this Mortgage to be immediately due
<br />and payable.
<br />11. Future Advances. Upon request of Mortgagor, Mortgagee may make additional and t5rture advances to
<br />Mortgagor. Such advances, with interest thereon, shall be secured by this Mortgage when e~Rdenced by promissorg notes
<br />stating that said notes are secured hereby. At no time shall the principal amount of the indebtedness secured iiy this
<br />Mortgage, not including sums advanced to protect the security of this Mortgage, exceed the original Note.
<br />22. Miscellaneous Provisions.
<br />{a) Any Porebearance 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 be exercised concurrently, independently or succes¢ively.
<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 the Mortgagor are joint and several.
<br />(e) The headings of the paragraphs of this Mortgage are for convenience only and shall not be used to inter-
<br />pret or define the provisions hereof.
<br />13. Release. Upon payment of all sums secured by this Mortgage, Mortgagee shall discharge this Mortgage and
<br />shalt execute and deliver a satisfactory release therefor.
<br />IN WITNESS WHEREOF, Mortgagor has executed this Mortgage on the 'lt~ph//d//ay///of ~t'~~r , 19 ~2
<br />T'CI-~O ~~~~~j~ Boxrover
<br />hfanila Arnold ~QO~er
<br />State of Nebraska, Hall County ss:
<br />On this 4th day of Ncn't~nber 19 82 ,before me, the undersigned, a Notary Public
<br />duty commissioned and qualified for said county, personally came Kirk G. Arnold and 1'lanila Arnold,
<br />Husband and Wife ' 1
<br />to me known to be the
<br />identical person{a) whose name(s) are subscribed to the foregoing iAStrumeirt and acknowledged the execution tbereot
<br />to be his and her voluntary act and deed.
<br />Wiktceas mY hand and notarial seal at Grand Isla d, .Tcbraska in said county, the
<br />date sforeatid. r/ ~
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<br />iitetl- tkwyrl t~ubua. _._,..YT~j "' / ~f s G ~s G ,
<br />~t~k: `~ ~A.-Iwer~ I;` NotuY PuW4C
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