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7. tyrendemnntion. hY tEaeevent the Propeniy„ear any part tteereof, stsail lta !siren by rnvneint domain„the Mortgagee
<br />is empowered (cn eoll9eet and reeer+re all compensation 4rlaich may be paid for any p~!operty taken or I`or daausges to pr©perY~Y
<br />not taken, and Afortgsgee shall apply such compensation, at ita option, eiU+er to a reduction of the indebtednea secured
<br />hereby or to repair and restore the property scr darnated-
<br />8. Pefarmance by Mortgs~ee. Mortgagee may, but shall have no obligation, to do any act whicTr 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 Mortgages for the above purposes, and any sums so expended
<br />by the Mortgagee shall be added to the indebtedness secured kereby and became s:;bject to the lien hereof. Mortgagee.
<br />shall not incur anv personal liability becau~ 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 rnvenant
<br />or agreement of this Mortgage, including covenants to pay when due Dre sums secured by this Mortgage, the Mortgagee shall
<br />be entitled, at its sole option and without notice, to declare al! sums secured by this Mortgage to be irnn'~diately due and
<br />payable and may commence foreclosure of this Mortgage by judicial proceedings; and, provided further, that upon such
<br />default the Mort~gee, or a receiver appointed by a court, [nay at its option and without regard to the adequacy of the
<br />secLri*.y, enter upcn and take possession of the Property and collect the rents, issues and grofits therefrom and apply them
<br />first to the cost of colleciaon and operat'son 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 fer 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, dec}are all sums secured by this Mortgage to be immediately due
<br />and payable.
<br />11. Paiute Advances. Upon request of Aortgagor, Mortgagee may make additional and future advances to
<br />Mortgagee. 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 shalt 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. Miscellaneous Provisions.
<br />fa) Any forebearance in exercising any right or remedy shall not be a waiver thereof.
<br />(b) Ali remedies provided herein are distinct and cumulative to any other right afforded by law or equity,
<br />and may be exercised concurrently, independeaUy or successtvety.
<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 Mortgagor are 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 />Bret or define the provisions hereof.
<br />13. Release. Upon payment of all sums secured by this Mortgage, Mortgagee shall discharge this Mortgage and
<br />Mall eirecute and deliver a satisfactory release therefor.
<br />IN WITNESS WHEREOF, Mortgagor has executed this Mortgage on the 30thbey of D'las'Ch , ;g 79.
<br />~~ ~-r~
<br />ia~r ~sr. sarrovar~
<br />~ txmm. tsp. Sara li, te®n l t,
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<br />a...
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<br />erte 8oanwer
<br />State of Nebraska, ~S' County ss:
<br />On this 34~ day of ~'~ . 19 79 ,before me, the undersigned, a Notary Public
<br />duly commissioned and qualified for said county, personally came G• ~~ Mo3c~k and Sharlene J.
<br />Mo1Ckr 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 />~ be hi ~ arr3 hpr voluntary act and deed.
<br />Witness my hand and notarial seal at ~~ ZSland is said coua7t, the
<br />dat>e`aforesatd.
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