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7. ~ Condamnadia'n. in rile event the Psrcsperty, or any part ihers+oC, shall be taken, by enrirsissrit domain.„the Mar(gAagee
<br />is ergypawer~d tr( c~nllect grid receive all campensati~on winch a¢ay be paled for any Property taken qr for danra,~es tb pmpi2rky
<br />not'rfaken, anal !Mar shad apply such. cgtnpensation; at its nptian, eiffier, to a ~+eltrcrckiaa of the indeititikd~ss secf~:ired,'
<br />heratby or tab' +zpair acid ie~store th'e.pmperty so 8aimaged:
<br />8_ Pmformance by Mortgagee. Mortgagee may, but shall have no obligation, to do say act which ~tbe Mortgagor
<br />has-agreed but Cans 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-soma so expended by the Mortgagee for the above purposes, and any sums so expended
<br />by the Mortgagce shall be added to the indebtedness secured hereby and becorue subject to the lien hereof. Mom
<br />sail not-incur any peesonal Iiai+llity because of anything iti may do or omit to do heramder.
<br />9: Default; Assignment of Rents. '15me 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 shall
<br />be entitled, at its sole .option and without notice, to declare all sums secured by this Mortgs~ to be immediately due and
<br />payable and may commence foredosure oL this Mortgage by judicial proceedings; and, pm»ded further, that upon such
<br />defaoit"the Mortgagee, of a receiver appointed by a court, may at its option and without regard to the adequacy of the
<br />- security, enter upon sad take possession of the Property and collect the rents, issues and profits therefrom and apply them
<br />first to the cast of collection and operation of the Property and then upon the indebtedness secured by this Mortgagee;
<br />said rents, issues-and pmfts being assigned to the Mortgagee as further security for the payment of the indebtedness
<br />secured hereby.
<br />10. Trmsfer of Property. If all or any part of the Property is sold or transferred"withouE fire express written coa-
<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 />Il. Fulcra 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 ia~btedness secured by Wis
<br />Mortgage; not includmg sums advanced to protect the security of this Mortgage, exceed the origins) Note.
<br />12. Miacellaneoos Provisions.
<br />(a} Any forebearance in exercising any right or remedy shall not be a waiver thereat.
<br />(b} All. remedies pm»ded 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} 'Itre covenants and agreements contained herein shalt bind, snd the rights iaure to, the respective
<br />successors and assigns of the MorEgagor and the Mortgagee.
<br />(d) All covenants and, agreements of the Mortgagor are joint an8 several.
<br />(e) the heading of the paragraphs of this Mortgage are for convenience only and shall not be used to ipter_-
<br />pratardefine the provisions hereof.
<br />1S: Release: Upon payment of alt sums secured by this Mortgage, Mortgagee shall discharge this Mortgage and
<br />shalt execute and deliver a satisfactory release therefor.
<br />IN'tl!ITPiFSS WHEREOF, Mortgagor-has executed th» Mortgage on the Ib#htAy of ~i I ,-1972.
<br />~~ ~ F
<br />~_
<br />Kenna#h J . t-hstiack $oQOwe:~
<br />_ - ~ - - - aorrower -
<br />--_ - - -
<br />State- of Nebuaka, ~ I I County ss:
<br />fhr this. 16 day of Apt'I I 19 79 before me, the undersigned, a Notary Public
<br />duly commissioned and qualiCed for said county, personally came--b-l.-.~ObiCk."
<br />_, to me known to be the
<br />identaeai person{s) whose name{s) are subscribed to the foregoing instrument aad acknowledged the execution thereof
<br />to be ~ } ~ voluntary set and deed. .
<br />Witness mY hand and aoterial seal at 6r'and I S !and in said county, the
<br />date aforesaid. /C/~~ =/ -./
<br />~ af'M1r-~Ikts~i~1~. ~ r f~~~! ~.~'~,r'~ ~~~ GC.~~`~
<br />x9tsrg PpWb -
<br />BfARLE1r.G AiQDf~Wr{` ~' _ ;
<br />~,.,i~ ~CSwal. fxR tiem ft 1939 - - - - - - - - - - - - - - -
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