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<br />~. Ctmriemnation. In trite event the Property, or any part thereof, shall be taken by eminent domain, the Mortgagee
<br />isemppwered to eollectand receive aU compensation which may be pild for any property taken or [or damages to property
<br />not taken, and Mortgagee sb^-?J apply such compensation, at its option, either to a reduction of the indebtedness secured
<br />hereby or to repair and restore the property so damaged.
<br />8: lraeferrma~e by Mesrtpe{ete- Mortgagee may, but stall have no obligation, to do any act whkh the Mortgagor
<br />has. agreed bnt filb to do, and Mortpgee may also do any act iY deems necessary to protect the lien hereof. Mortgagor
<br />agrees to repay, upon demand, arty suns so expended by the Mortgagee for the above purposes, and any sums so expended
<br />try the Mortgagee shall 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; Aadgnmeat of Rents. Time is of the essence hereof, and upon Mortgagor's default in any covenant
<br />or agreement o[ thi3 Mortgage, including mvenents to pay when due the sums secured by this Mortgage, the Mortgagee shall
<br />be entitled, at its sde option and without notice, to deedare all sums secured by this Meutgage.to be immediately due and
<br />payable and may commence foreclosure of thls Mortgage by judicial proceedings; 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 />aeceaitp, enter upon seed take possession of the Property and collect the rents, issues and profits therefrom and apply them
<br />fiat to the cast of collectloq and operation of We Property and then upon the irtdebtedneas secured try this Mortgagee;
<br />said recta; issues and profits being assigned to tree Mortgagee as [urther security for the payment of the indebtedness
<br />secured hereby. - -
<br />10. Ttamtear of Property, tf a0 or any part of the Property is sold or Cranaferred without the express written coin
<br />seat of the Mortgagee, Mortgagee may at its sde option, declare ill wins secured by this Mortgage to be immediately due
<br />acrd payable.
<br />11. Future Advances. Upon request of Mortgagor, Mortgagee may make additions: 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 ao 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 original Note.
<br />12 Miaexllanaons ProvKions-
<br />(a) Any forebearaace in exercising any righ[ or remedy shall not be a waiver thereof.
<br />(h) All reined"tee provided herein are distinct sad cumulative to any other right afforded by Iaw or equity,
<br />and tray be exercised roncurrently, independently or successively.
<br />(c) The rnvenants and agreements contained herein shall bind, and the rights inure to, Lhe respective
<br />sue:ceseocs and a~igns of the Mortgagor and the Mortgagee.
<br />(d j Alt covenants and agreements oP the Mortgagor are joint and several.
<br />fe) The headings of the paragraphs of this Mortgage are for rnnvenience only and shah not be used to inter-
<br />pret or ~fine the provisions hereof,
<br />13, Release. Upon payment of ail sums secured by this Mortgage, Mortgagee shall discharge this Mortgage and
<br />shall execute and deliver a satisfuta~y release therefor-
<br />IN WTTNESS WHEREOF, Mortgagor has executed this Mortgage on the ~_ day of Ik,~c=ejm/Uer , 19 82 .
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<br />- ,~f~xv`~-sc~i~ F`e - eo,~e.er-
<br />- .._ ~1~=;571'71...=.._i ~ - •~~.it} R ~4TLi
<br />'iath~~n a.~~hrr~eder Borrower
<br />State of Nebrniea, _ lbtll County ss:
<br />(he this 1St ~, of L~ec'>stdrer ~~ t9 R2 before me, the undersigned, a Notary Public
<br />rledy commissioned and quaiifierd for said coemty, personalty came Iarrg I,. Schroeder and Kathryn A.
<br />Se!'tl~der Hkyst)atid and lYiTe , to me known to be the
<br />identical person(s) whose name(s) are subscribed to the foregoing instrument and ackaawleefged the execution thereof
<br />to he h1S find her vduntary act sad deed.
<br />Wltr~ss my band and notarial seat at_._.__ Gland Island, ''t@hrask~ .~,~ ~d county, the
<br />elate af~esaid.
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