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fi. Uondesrtrratmrn. In t3se event the Pr~iperty„ or amy part thereof, shall: fairer Iry e~rirzerrt dotasain,,tlse k~-:rte
<br />is' empowered tatx~rllect and mcelve ali rrampr~nsatlan wrhlctM, may be paid fo!r any property taken o!r for damages to properiY
<br />mart!'takan, and ~o'rtgagee shall apply suds connpensa!tlon;i at Its option, eiti:cG to a redaction of the IndeT~tednzss secured
<br />..hereby oe to repair and restore the property so damaged.
<br />$. Performance by 3ortgagee. Mortgagee may; out Shall hate IIO ObllgattGi3, to do any act which the Mortgagor
<br />tuffi agreed but fails 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 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 />shaA not incur any personal liability because of anything it may do or omit to do hereunder.
<br />9. 1)efauit; A~gameat of Rests. Time is of the essence hereof, and upon Mortgagor's default in any covenant
<br />oragmement 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 all 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 We
<br />security, enter upon and take possession of the Property and collect the rents, issues and profits therefrom and agpiy them
<br />` first to the cost of collection and operation of the Property and then open the indebtedness soured by this Mortgagee;
<br />said rents, issues and profits being assigned to the Mortgagee as further security for the payment of trite indebtedness
<br />secured hereby.
<br />3t1. Transfer of Property. If all or any part of the Property is s~: I or transferred without the express written con-
<br />sent of dre Mortgagee, Mortgagee may at its sole option, declare ail sums secured by this Mortgage to be immediately due
<br />and payable.
<br />11. Fuhrre Advances. Upon request of Mortgagor, 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 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. Miscellaneous Provisions.
<br />(s) Any forebeanmce in exercising env right or remedy shall not be a waiver thereof,
<br />{b) All remedies provided herein are distinct and cumulative to any other right afforded by law or equity,
<br />and may be exercised concurrently, independently of successivety.
<br />(c) The covenants and agreements contained herein shall bind, and the rights inure to, the respective
<br />succes4ors and a%igns o[ the Mortgagor and the Mortgagee.
<br />(d) Afl covenants and agreements of the Mortgagor are joint and several.
<br />(e) The headings at the paragraphs at this Mortgage are for convenience only and shall not be used to inter-
<br />pret ~ define the provisions hereof.
<br />13. Release. Upon payment of aft sums secured by this Mortgage, Mortgagee shall discharge this Mortgage and
<br />shall execute and deliver a satisfactory release therefor.
<br />IN WiTNFSS WHEREQF, Mortgagor has executed this Mortgage on the
<br />day of Acaril _, Ig 79
<br />Baaower
<br />State of Nebrasta, ~' -_,Ce~nty ss:
<br />Grand Island
<br />pn this 2nd d,y of mil 19 79 ,before me, the undersigned, a Notary Public
<br />duly commissioned and qualified [or said county, personally came Dion E. Lu2kerlcTd and Retil7v F.
<br />~~n[ra Husbi;ixi slid Wife to me known to be the
<br />identlcal person(s) whose ~ame(s} are subscribed to the foregoing instrument and acknowledged the execution thereof
<br />to be is 8rrd Ins voluntary act and deed.
<br />Witness mp hand sad notarial seat at
<br />date aforesaid .
<br />My fbmmiaaian expires:
<br />' Notary eub2lc
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