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<br />7, Caodanaakiam, >n the even; the property, or any part thereof, shall be taken by eminent domain,the Mortgagee
<br />)s errrpowered to collect and receive ail comperrs><tion which may. be pdd for any property taken or [or damages to Property
<br />not taken; and Mortp~pe aball apply such conspenaatton, at its option, either to a reduction of the indebtedness secured
<br />in~eby or to repair and restore the peperty so damaged.-
<br />8. Rer[armanee by Maxr;agee. Mortgagee may, but shall bare no obligation, to do any act which the Mortgagor
<br />hsa agreed. brH. fills W do, and Mortgagee may alto do any act it deems necessary to protect the lien hereof. Mortgagor
<br />agieea to repay, upon demand,any-sums so expended by the Mortgagee-for the above purposes, and any sums so expended
<br />bp, the Mouitgagee shelf be added to-the indebtedness secured hereby and become subject to the lien hereof. Mortgagee
<br />shall not itreur any personal liability because of angthing it may do or omit to do hereunder.
<br />9: Default; Assignment of Rents. Time is of the essence hereof, and upon Mortgagor's default in any covenant
<br />oragieementof this-Mortgage, including covenants to pay-when due the sums secured by this Mortgage; the Mortgagee-shalt-
<br />be ent[tded, at'its sde option and without notice, to dedaxe all sums secured by this Mortgage xo be immediately due and-
<br />- Payable and-may commence foreclosure of this Mortgage by judicial proceedings; and, Provided further, that upon sndr
<br />detaultthe Mortgagee; or a receiver appointed by a court, may at its option and without regard to-tile adequacy ofthe
<br />qty, enter upon and.take possession of the Property and collect the rents, issues and profits therefrom and appiy.them'
<br />feat .to the cost o[ collection and operation otihe Property and then upon-the indebtedness-secured bythia Mortgagee;
<br />said rents, issues and profile being assigned to the Mortgagee u further security for the payment of the indebtedness
<br />secured hereby.
<br />1Q. Transfer of property. If aH or any part of the Property is sold or transferred withoufthe express writtencon-
<br />sent of the Mortgagee, Mortgagee may at its sole option, declare alt sums secured by this Mortgage to be immediately due
<br />and payable.
<br />11. Frrtarte Advances. Upon requcet of Mortgagor, Mortgagee may make additional and future advances: to
<br />Mortgagor. Such advances, with interest thereon, shall be secured by this Mortgage when evidenced by promissory notes
<br />stating. that said notes are secured hereby. At no time shall the pclncipai amount of the indebtedness secured by this
<br />Mortgage, aotinduding sums advanced to protect the security of this Mortgage, exceed the original Note=
<br />12. Miscellaneous Provisions.
<br />(a) Any. forebearance in exercising any right or remedy shall not be a waiver thereof.
<br />(b) Ali remedies provided herein are distinct and cumulative to any other right afforded by law or equity;
<br />and may be exercised concurrently, independently or snecessively.
<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 conveNence only end shalt 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 />shall execute and deliver a satisfactory release therefor.-
<br />- IN WITNESS 4ti7~dEREOF, Mortgagor has executed this Mortgage on the 5 day of Nov • ,19 $?
<br />~Dona~d L. Leeper aot:owe:-
<br />,>
<br />Eliz eth J. Leap ' aorcoweo
<br />State of Nebraska, Hall County ss:
<br />On this 5th day of November , 19 $? ,before me, the undersigned, a Notary Public
<br />d91y commissioned and qualified for said county; personally came Donald L Leeper and Elizabeth
<br />f 1 ~,r,pa_„_r ,tome known to be the
<br />idenlica( persons} whose lame(s) are subscribed to the foregoing-instrument and acknowledged.the execution thereof
<br />be their voluntary act and deed.
<br />lQitness lay limd-and notarla! seal at Grand Island, NE in said county, the
<br />date aforesaid . //-/i.
<br />My GommtssioR X 1~lra&:_- ~~ J Y aLGl~~~ iC"~E! r~ ~`j ~6i; F r ^ _~`.' NnLr9 PubHa
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