|
r4
<br /> ~ i _ •,-.,xis 1,~~-.rr ,,:r Y.?kwrr
<br /> Y rii ~1L} k.r.'n1LA''11~d'~' n4AM'+"yW14~rrw MM 7. Coodeasnatioa. 1n the emit ft Proper ly, 01` any Put tllsetrof, adts~)l ~ W" M eaftent dornala, the 1ortg*V*
<br />
<br /> Is empowered to colleetand vets lve all c wperrratlon may be pold forearly property taken or for daroalea to property
<br /> not taken, and Mortlpgae " apply such comparneatloa, at Its opUML#ltbff to a radnction of the indebtedness secured
<br /> hereby or to repair and wstorre the property and d.
<br /> 8. Pe:rfortaxaee by Uorl p gm Mortgagee may, but shell have no obligation, to do any act which the Mortgasot
<br /> has agreed but fills to do,, and Mortpgee may alga do any act it deems necessary to protect the ilea hereof. Mortgagor
<br /> agrees to repay. upon demand, any sums so expended by the Mortgagee for the above purposes, and 1.1y sums so expended .
<br /> by the Mortgagee shall be added to the indebtedness secured hereby and become subject to the lien hereof. Mortgagee
<br /> stall not incur any personal liability because of anything it may do or omit to do hereunder.
<br /> 9. Default; Assignment of Resits. 'lime R of the essence be"[, and upon Mortgagor's default in any covenant
<br /> or agreement 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 declare all sums secured by this Mortgage to be immediately due and
<br /> payable and may commence foreclosure of this 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 /> security, enter upon and take possession of the Property and collect the rents, issues and profits therefrom and apply them
<br /> first to the cast of collection and operation of the Property 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 part of the Property Is sold or transferred without the express written con-
<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 nuke 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 dotes 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 original Note.
<br /> 12. Miscelianeous 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 la%v or equity,
<br /> and may be execcined concurrently, independently or succescirely.
<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 covena= and agreements of the Mortgagor ace 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 proiisions 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 WHEREOF, Mortgagor has executed this Mortgage on thel$C.L day of ^January. 19 8.
<br />
<br /> (Gregory G. alker) Doi-lower
<br />
<br /> r ( da C. Walker) Harrower
<br /> State of Nebraska, Hall County ss:
<br />
<br /> On this 18th day of January 19 1 before me, the undersigned, a Notary Public
<br /> daily commissioned and qualifiedd, forsaid county, personally ca:ne^+Gre or G. Wa ike r and Linda G.
<br /> w_ Walker, Husband and Wife , to me known to be the
<br /> identical person(s) whose name(s) are subscribed to the foregoing instrument and acknowledged the execution thereof
<br /> to be t he i r _ voluntary act and deer
<br />
<br /> Witness my hand and notarial seal at Grand Island, Nebraska in said county, the.
<br /> date aforesaid.
<br /> My Commission expires: tln~at atra>tr-slur a• ~ M.Mesis I r 4
<br /> MARK M Sra K - •
<br /> Notarr Pubua
<br /> rj - (Space Below 7 hL Uzi* ttawrwd Poe t.iader and Recorder)
<br />
<br /> Z CV N c:>
<br /> J C~ h
<br /> E C>
<br /> u;
<br />
<br />
<br /> LLJ
<br /> - N• •Cl y w t.:
<br /> Ca S, w J,~. < y,
<br /> Q Pf DC 1066 I p D' 993 2Ilt9 "r
<br /> Z cc
<br /> L-0 C_)k
<br />
|