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"F. Condemnation. In the event ttte Property, or any part tbereaf, sbaiki 'be tak~sn by eminent domain, the Mort~ag~e
<br />is empowered to collect an;i receive all eornpansation which may be paid` for arry property taken oz for damages trr praperiky
<br />rnat takers, and' Mirtgagee shai'i apply sucjt compensation, at Eta optioss„ either to'a reduction of the indebtedness seeurr~d
<br />hereby or''to repair and restore the property so damaged.
<br />S. Performance by Mortg~ee. !tortgagee tray, but shah have no obligation, to do any act which the Mortgagor
<br />has agreed but faits to do, and Mortgagee tnay also downy act it deems necessary to protect the lien hereof. Mortgagor
<br />agrees to repay, upon demand, any sums so expended by the Mortgagee for the above purposes, and any sums so expended
<br />by the Mortgagee shall be added to the indebtedness secured hereby and become subject to the lien hereof. Mortgagee
<br />shall not incur any personal liability because of anything it may do or omit to do hereunder.
<br />9. ihfault; Assignment of Rents. 'time is of the essence hereof, and r±pon 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 alt sums secured by this Mortgage to be immediately due and
<br />payable and may rnmmerrce foreclosure of this Mortgage by judicial proceeding; 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 therehom and zpply them
<br />first to the cost of collection and operation of the Property and then upon the indebtedness secured by this Mortgagee;
<br />said Hants, issues and profits being as~gned to the Mortgagee as further security foz t2te payment of the indebtedness
<br />secured ttem9y.
<br />10. Transfer of Property. Hail or any part of the Propertyissold 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. t3ttnre Advances. Upon request of Mortgagor, Mortgagee may tnake 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 cured 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. Misceilatteous Provisions.
<br />(a) Any forebeat'artce in exercising any right or remedy shalt not 6e a waiver thereof-
<br />. - (b} Aii remedies provided herein are distinct and cumulative to any other right afforded by law or equity,
<br />and may be exercised concurrently, 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} Alt 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 shell not be used to inter-
<br />- pret or define the provisions hereof.
<br />13. 13;elease. Upon payment of all sums secured by this Mortgage, Mortgagee shall discharge this Mortgage and
<br />shat? execute and deliver a satisfactory release therefor.
<br />IN WITNESS WHEREOF, Mortgagor has executed this Mortgage on the6th day of Anril , 19 ~_.
<br />}
<br />i
<br />miter soxzoaser
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<br />-_ lyn J. St r aerro~r
<br />State of Nebraska, Hall County ss:
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<br />Qn this 6th day o[ Anri 1 19~_, before me, the undersigned, a Notary Public
<br />duly commissioned and qualified for said county, personally came ~'~' L. Stsnmer and Carolyn J. Stonier,
<br />Husband and Wife , to me Imown to be the
<br />identical person(s) whose name(s) are subscribed to the foregoing instrument and acknowledged the execution thereof
<br />~ be hit; end her voluntary act and deed.
<br />Witness my hand and notarial seat at Grand Island in said rnunty, the
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