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<br />7. Condemnation. In the rcent the Property, or any port thereof, shut! be taken by Eminent domain, the Mmigagce
<br />is empowered Co collect and receive alt compensation which may he paid (oe any property taken or for damay+es to propert}•
<br />not taken, and Mortgagee shah apply such campensatian, at its option, either t:) a reduction of the indebtedness secured
<br />hereby or to repair and restore the property so damaged.
<br />8. Performance by Mortgagee. hlartgagee may, but shalt have no obligation, to da any act which the Mortgagor
<br />has agreed but faits to do, and Mozi,gagea may also da any u t it dee.:s nse~*y tr protect the lien hereof. Mortgagor
<br />mgre4 to repay. open demand, apy sums so expended 6y the Mortgagee for the above gurpases, and any sums so expended
<br />ley the hlartgagee shall be added to the Indebtedness secured hereby and became sub~ci to the lien hereof. Mortgagee
<br />shall not incur any personal iiabitity because of anything it may do or omit to do hereunder.
<br />Q. Default; Assignment of Rents. Time is of the essence hereof, 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 shalt
<br />be entitled, elite sole option and without notice, to declare alt 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 />Ctrst to the cost of collection and operatiar. of the Property and then upon the indebtedness secured by this Mortgagee,
<br />said reefs, issues and profits being assigned ko the Mortgagee as further security Por the payment of the indebtedness
<br />secured herehg.
<br />i6. Transfer of Property. If all or any part of the Property is sold or transferred without the express written con-
<br />seat of the Mortgagee, Mortgagee may at its sole option, declare all sunes 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 />Mortgagee. Such advances, with interest thereon, shat! 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 original Note.
<br />12. Miscetlaneaus Provisions.
<br />(a) Any forebearance in exercising any right or remedy shall not be a waiver thereof.
<br />(b) .ail remedies provided herein are distinct and cumulative to any other right afforded by law oz equity,
<br />and may be exercised ~oneurrentty, independently or successively.
<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 Mortgago*. are joint and several.
<br />(el The headings of the paragraphs of this Mortgage are for convenience only and shall eat be used to inter-
<br />pret or define the provisions hereof.
<br />13. Release. Upon payment of aiI sums secured by this Mortgage, Mortgagee shall discharge this Mortgage and
<br />shall execute and deliver a satisfactory release therefor.
<br />iN yJITNF55 WH~REQF, hiortgagot has executed this Mortgage on th~= d day of Jan~'Y ,13 78 .
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<br />State of Nebraska, Hall County ss: ,. ~,~Y,v, ;~IIy.t~
<br />tan this 2nd day of January i9~~ ,before me, the undersigned,-a Notary Public
<br />duly eamm[ssioned and q'dalif ed f rsai¢ co tv, pe onall ~ c ~• Hen, JdcC]ti2 )i. Tiahrt, Ia-~'Y
<br />llla, l3~ ~er~p ~. it~-xm~€)., ~s ~'.`~~'~oon, a . u ey . c~n,~
<br />g~,g{j ~p~ J, to me known ka be the
<br />identical parsan(s} whose name(s) are subscribed to the foregoing instrument and acknowledged the execution thereof
<br />to be their' voluntary act and deed.
<br />Witness my hand and notarial seal at _ C'rand Island in said county, the
<br />date aforesaid.
<br />My Commission expires: ~ - ~ - ;:;v ^`=7~-- :~'_Tk,. ~ C ~,~~~ ,~
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