|
<br />7. Condemnation. In the event the Property, or any part thereof, shall be taken by eminent domain, the Mortgagee
<br />is empowered to colect and receive all compensation which may be paid for any property taken or for damages t0 property
<br />not taken; and Mortgagee-shall apply such compensation, at its option, either to a reduction of the indebtedness secured
<br />hereby or to repair and restore the properly so damaged.
<br />- 8. Performance by Mortgagee. Mortgagee may, but shall have no obligation, to do any act which the Mortgagor
<br />has. agreed but fans to do, and Mortgagee may also do any act it deems necessary to protect the lien hereof. Mortgagor.
<br />- - - .agrees-to repay, upon demand, any sums so expended by the Mongagee for the-above purposes, and any sums so expended
<br />- - by the Mortgagee shalt be added to the indebtedness secured hereby and become subject to the lien hereof. Mortgagee
<br />- _ shall not incur any personal liability, because of anything 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 />- - - oragreement of this Mortgage, including 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 declaze all sums secured by this Mortgage to be immediately due and
<br />- payable and may commence foreclosure of-this Mortgage by judicial protv,~dings; and; 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 take possession of the Property and collect the rents, issues and profits therefrom and apply them -
<br />- - - 5rst to the cost of collection and operation of the Properly and then upon the indebtedness secured by this 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. If all or any pari of the Property is sold or transferred without the express-written con-
<br />- -sent of the Mortgagee, Mortgagee may at its sole option, declare aB 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 future advances to
<br />iVfortgagee. 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 principal amount of the indebtedness secured by this
<br />Mortgage, not including sums advanced to protect the security of this Mortgage. exceed the origirial Note:
<br />12. Miscellaneous Provisions.
<br />(a) Any forebearartee 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 =oncurrently, independently or successively.
<br />(c) The covenants and agreements contained herein shall bird, and the rights inure Co, the respective
<br />- - successors and assigns of the Dlvrtgagor and the 5longager.
<br />(d) All covenants and agreements of the Mortgagor ere joint and several.
<br />(e) The headings of-the paragraphs oC this Alongage are For convenience ooh' 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, yortgagee shall discharge this Mortgage and
<br />shall execute and deliver a satisfactory release therefor.
<br />IN 1VITNES5 WHEREOF, Mortgagor has executed this Alortgage n thr 1 FitMay f .- , 19 ~~+..
<br />/~%~~
<br />H~ -
<br />erbert N. Rower Borrower
<br />,1j7~ ~ /f f/ r'
<br />ita tI{. Roeser` ~ ~~Wer
<br />State of Nebraska, Hall ----.County ae: -
<br />On this 16th day of ___,._._~Y_~tber _:___, ly_82_, 6efare me, the undersigned, a Notary Public
<br />Duly cotnmissioned and qualified for said county, personally came __FI~PI1eT.t._IY _ n G T an,_ gbh Nita $,
<br />Rower, as tenants lri CC(IIIIOSl , to me known to be the
<br />identical person(s) whose name(s)-are subscribed to the foregoing instrg~n/ j d acknowledged the execution thereof
<br />~ be his and her voluntan• act and deed. /
<br />Grand Islan~f
<br />Witness my hand and notarial seal at __ in said county, [he
<br />date-aforesaid.:
<br />
<br />~
<br />~, ~ /,r
<br /> >
<br />stht+ uROm
<br />~
<br />te ~
<br />~ ^
<br /> BERTA
<br />MORNI$ i Notary rublic
<br /> - - 1Ar l,CO11R ~. NON. ~, 19g
<br /> - - (54ace Below This L ine Reeer~'ed t'ut l.rnaer and aecorder) -
<br />
<br />- - - - \(\
<br />~- ~t
<br />
<br />
<br />
<br />4 -null. ~ N M ~ Q,
<br />~.~e9~ ~ W `~~
<br />• _
<br />~
<br />(~ ~ i ~ ~ l
<br />rL3. fw' G ` ~
<br />' ~ ~
<br />~
<br />j i \
<br />i~h
<br /> ~
<br /> Ndt tPb[Ct
<br />~d~~:W1Ly ~ ~
<br />
<br />
|