|
<br />7. Condemnation. fa the event the Property, or any part thereof, shall be taken by eminent domain, the Mortgagee
<br />is empowered to collect and receive ail eompensation which may be paid for any property taken or far damages to property
<br />not taken, and Mortgagee shalt apgty such compensation, at its option, ether to a reduc~on of the indebtedness secured
<br />hereby or to repair and resWre the-property so damaged.
<br />$, Pesferman~e t y hfortgB.Fe~.141Qrtsanee may; hat shall have na olrtigatioa, to da any act which- the MoYs~agor
<br />has agreed bnt-fails to do; and l~Iortgagge may also do any net it dceet~ neeessary to pretest tics 4ien hereof. Mortor
<br />agrees to ri'pap> aeon cieenand, arty soma so expended by thti hfortgagie for ins above purposes, and any sums sa expended
<br />byi the. Mortgagee shall he added to the indebtedness secured hereby and become subject to the lien hereof bortgagee
<br />shah not incur aeii peitsonal tlabiifty i~uae of anything it Wray da or omit to d[ca _hereurtdr=r.
<br />~: f!€fasrlt; trsent of Rents. 'fmr,a2 is of the €~ear.e hereof,-and ap^n Mortgagor's deferlt in any covenant
<br />or agreemeutof this Mortgage; including covenants to pay when-due. the sums secured by tltis:Mortgage, the Mortgagee slsalt
<br />be entitled, at its sole option and without notice,.to dealers all: sums secured by this Mortgage to be immediately d~ and
<br />payable and Wray ~ommemce foreclosure of thy- Mortgage by judicial proceedurgs; aad~ providers frsther, shat nprm suds
<br />default the Mortgagee,. ar a receiver appointed.by a wart, may ~ its optloa and without regard W the adequacy di the
<br />security, enter uoen and take ps9sse~iv~ of the Property and coHeet fire rertfis, i~iras sad grants therefrom and apply _
<br />Stst to the ecet of collection and operation of the- Pmperty and then ag4a the iadebtedneag secur+ad by this-Muctg&gee;
<br />a t ¢. u ~ f, whir t tk + t tf,o ink -
<br />skid ~„~, l;:;ues auu pro,,, ,, ~iag assigns., a t,.e artgagm a s~^_rity r e payse:Ar._ o. !+t~=_
<br />s~acured hereby.
<br />10, Transfer of Property. if ail ar any part of the Property is sold or transferred without the exgre~ written rioa-
<br />sent of the Mortgagee,-Mortgagee-may at its sots option, declare alt sums secured by this Mortgage to he immediately doe
<br />and payairie.
<br />1I. Ftittatre Advauees. Upon request of Mortgagor, Mortgagee map-make additiooat and future ar3vaaces to-
<br />Mortgagee. Such advances, with interest thereon, shall be secured by this Mortgage when evideneed by promtsaory rrotce
<br />stating ihal said notes are secured hereby. At no time shall the principal amount of the iadebtediuas secured by this
<br />Mortgage, aotiacluding sums advanced to protect the security of #his Mortgage, exceed the original Dole.
<br />12. Misceiiaaeoas Provisions.
<br />(a) Aay forebearaace is exercising any. Nght or remedy shall not be a waiver thereof.
<br />(b} AU remedies-provided herein are distinct and cumulative to any other right afforded by taw ~ equity,
<br />and may be exercised concurrentip, iadepeadeavy or saecessively.
<br />(c) The covenants sad agteemeats contained herein shall hied, and the rights inure to, the respve
<br />successors and signs of the I4iartgagor and the Mortgagee.
<br />(d} Ail covenants and agreeare:cts of the Mortgagor' are joint and several. -
<br />(e) `lhe headings of the paragraphs of this Idortgage are fcr coavenienere only sad shall not -~ srseti to inter-
<br />prat ~ deface the: provisieas hernof.
<br />13. Release. Upon Payment of ail soma secured by this Mortgage, &Iortgagee shall discharge this Mortgage and
<br />exeea~ xad dellger a sa~faetozy release thacr_£orf!'""
<br />fAI tBCTI,IESS ygliEREt7F, Mortgagor has e?secuted this Mo*t:~w n 15th day p ,19 ~ .
<br />`- -." ~ ) f
<br />SFd6fkAl ~ _~
<br />State of Nebraska, Tull S.ounty ss: .
<br />On this 15th day of )J[:c£T 19~$_, before me, the turdersigned, a Notary Public
<br />diety commi~oned and qua3#fred foe sadd scanty, gersoaatiy came l~?aa1 d Cr, 13~ c ~ cll2d fJel RSe BishOl'l:
<br />~rzd and lgife , to me kgown to be ~u
<br />isleaticai ~rsoa(s) whczse name(s) are subsrsibed to the €oregaing instrument and acknowledged the execution thereof
<br />to he i ~ anR her valaatary act and deed.
<br />Witavas my hand and notarial.seai at _ Gx'aild IS].aAd _,,._ia said county; the
<br />rite afartsaid. _ ..
<br />My Commi~oa e~ires: ~,~ ~, ~ ~~~
<br />~~~~ _~ ~ ~ ~~~` - -HIOWq 8ubrre - .
<br />-- ~:
<br />- -- - SSrrace Seiox 7'Ris Lice R.Eeerved For Leadg and Rmeordu? _ - _ -~ _-.-
<br />~... - cn - - _ -. .- _ - - - - - _.. -
<br />.^'w
<br />-'._ ~ ^..
<br />lXJ ~. ``~~ C ...; ~ 1 tat
<br />- G~ _ ~, w _ - ..
<br />~ ~ z~ ~
<br />xnc roa~~rFr3 aoa
<br />
|