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7. Condrmnatian. in the event the property, crony ~; Jheiszof, shall be ta'sen by eminent domain, #lre Mortgagee
<br />~ empovren d to ccallect and,receive ail oampensation whlrh may be gold For any property taken or far damages to property
<br />not taken, and M+artgagec sihhatl apply such aampensation, at Its apNon, either to a reduction of the Indebtedness secured
<br />heretry ai trr) repair" and iwstore the property se, drmaged.
<br />v. paztara:.ce ~ *r:artg~~. Mortgagee r+..sy, bur gh~ f,ave „_ o~igs~on, to da any act wh±eh the 141ortgagor
<br />has agreed but fails to do, and Mortgagee may also do any act it deems nec~ary to protect the lien hereot. Mortgagor
<br />agrees W repay, upoa demand, any gums so expended by the Mortgagee for the above purposes, and any sums so expended
<br />by the Mortgagee shah be added to the Indebtedness secured hereby and become subject to the lien hereof. Mortgagee
<br />shall not incur any personal liability becaure of anything It may do or omit to do h reunder.
<br />9. Default; Assignment of Rests. Time is of the essence hereot, and upoo 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 entltled, 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 proeeediugs; 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 />sectnity, enter-upon and take posse-scion of the Property and collect the rents, issues and profits therefrom and apply them
<br />Srst to the cost 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 Ure indebtedness
<br />secured hereby.
<br />2v. Ti~:ao'tii "f P v-'°-'" if Wll ~~ .~ ../ thn p.., ,.~„ ;_ gold n. trnnefarnA mithn,~t )4a av~mct mriffOn rnlt-
<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 />22. Future Advances. Upon request of Mortgagor, Mortgagee may make additional and future advances to
<br />Mortgagee. Srr~'i advsaces, 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 shall the principal amount of the indebtedness secured by this
<br />Mortgage, oat including sums advanced to protect the security of this Mortgage, exceed the original Note.
<br />12. M'recel[aaeJoas Provisions.
<br />{a) Pry foret~'ant~ in exerc>=ing'_Ry right or remedy shall not be a waiver thereof.
<br />(b) 4ll remedies pmvlded herein are distinct and cumulative to any other right afforded by law or equity,
<br />sod may be exercised concurrently, independently or successively.
<br />(c) The covenants sod agreements contained herein shall bind, and the rights inure to, the respective
<br />successors and assigns o[ the Mortgagor and the Mortgagee.
<br />{dj Ali covenants and agreements of the R;ortgagor are joint and several.
<br />{e) Tire headings of the paragraphs a[ this Mortgage are for convenience only and shall not be used to inter-
<br />pret or define the provisions hereof,
<br />13. [release. Upon payment of ail sums secured by this Mo age, Mortgagee shall discharge this Mortgage and
<br />shall execute and deliver a satisfactory release therefor.
<br />4N WITNESS WHEREOF, Mortgagor has executed t ' on ~' day of April , Ig 73 ,
<br />~~i~ff ~ ~ J.~ ~
<br />Vl r f~ ~ Borrawer~
<br />a
<br />y _.
<br />Nao ~ L. Philippi s~xey
<br />State of Nebraska, Hall County ss: '
<br />On this 10th day of April 191;x, before me, the undersigned, a Notary Public
<br />duly commissioned and qualified for said county, personally cameIhyid E. Philinni and Nacxni L. Philippi ,
<br />$jLShand and Wife to me known to be the
<br />identical person(sj whose name(sj are su~cribed to the foregoing instrument and sekaowledgad the execution thereof
<br />to be ~1iS and her voluntary act and deed.
<br />Witness ety Rsnd and notarial seal at Grand I93reIId in said county, the
<br />date aforesaid . : ` / f /.~; ., /
<br />' My Commission expires: ' ~J '~-~ ~ '
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<br />Npfary Pu61ic
<br />~fl~iiiY. tlfsk at NaOr.
<br />'.~~- N M.FEt.T
<br />- pace Balor This Line aesetvad Foz I.endaz and Recorder)
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