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7:,', Carrdeinnatinn. In the ever.± the Property, or any partt3rereaf; shall be taken by eminent domain,the Mortgagee.
<br />is eiaipowe(ed W mtLect,and receive ail campensation whiclp may be paid for any ProPertY taken or far dar~tages to property
<br />rant;' taken„jarrd Mortg~igee shall apply slrch compeasatiorr, at its option; either to a reduc,tioa of the indebtedness secured
<br />herebjr or. io repair and restore th'e property so damaged.
<br />8. Performance bq Mortgagee. Mortgagee may, but shah have no obligation, to do any act which the Mortgagor
<br />has agreed but fails to do, and Mortgagee may silo do any act it deems necessary to protect the lien hereof. Mortgagor
<br />agrees to repay, upon demand, any sums ro expended by the Mortgagee for the above purposes, and any sum so expended
<br />6y'the Mortgagee shall be lidded to the indebtedness secured hereby and become subject to the lien hereof. Mortgagee
<br />shad not incur nay personal liability because of anything it may do or omit to do hereunder.
<br />9. f)~efauit; Assignment of Rents. Time is of the essence hereof, and upon Mortgagor's default in spy mveoant
<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 Mortgage to be immediately due and
<br />payable and may mnsmemx foreetosure of this Mortgage by judicial Proceedings; and, Provided further, that upon such
<br />default the Mortgagee, or a receiver appointed by a mart, may at its option and without regard to the adequacy of the
<br />security, enter agora and take possession of the Property and collect the rents, isssxs and profits therefrom and apply them
<br />first to -the cost of collection and operation of the Property and then upon the indebtedness secured by this Mortgagee;
<br />said rents, issues and pm5ts being assigned to the Mortgagee ss further security for the payment of the indebfediress
<br />secured hereby.
<br />..
<br />1Q. Trans[er of Property. IP all of 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, declare all sums secured by this Mortgage to be immediately due
<br />and payable.
<br />11. Future Advaaces. Upon request of Mortgagor, Mortgages may make additional and future advances to
<br />Mortgagee. Such advances, with interest thereon, shalt be secured by this Mortgage when evidenced 6y 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: Miseeilaneous Provisions.
<br />(a) Any torehearance in exercising any right or remedy shall not be a waiver thereof.
<br />(b) All remedies provided herein are distinct and- cumulative to any other right aCCorded by law or equity,
<br />- and may be exercised concurrently, independently or successively.
<br />(e) 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} Ai! covenants and agreements of the Mortgagor are joint and several. '
<br />(e) .The headings oY the paragraphs of 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 all sums secured by this Mortgage, Mortgagee shaft discharge this Mortgage and
<br />- shall execute and detlver a satisfactory release therefor.
<br />IN WITNESS WHEREOF, Mortgagor-has executed this/.Mortgage on the may of ~~_,-19 ~
<br />~X~c.r~. ~' ~~.-rid ~'~'
<br />Elmer C} Perrill ,-~ aQaowu•
<br />DelQreS C. -Perrill - Borrowtr
<br />.:.State of Nebraska, Hall County ss:
<br />On this- 13th ~y of -April , 19 'j9 ,before me, the undersigned, a Notary Pnbiic
<br />-duly commissioned and qualified for said county, personally came- Elmer C. Perrin and Delores C.
<br />FeTrill, Htlsl~.rtd and Wife , to rae known to be the
<br />Identical person(s). whose names} are subscribed to tine foregoing instrument and acknowledged the execution thereof
<br />to be Hi.S artd $eir- voluntary-act and deed.
<br />Witness' my head and. notarial sea! at Grand Island is said county, We
<br />data aforesaid.
<br />My Commission expires: ~ -ci /~ ~~f /~7c~ ,{'/, ~
<br />OENEAgI N9TARY 5hh W NsOr, -~„ ~~Cr''i~;~ r ~ ~ ~,~!i?1~`li,~~
<br />ifl~At~~ ~~~ rl ~ Notary r'ublic -
<br />~-~~~ , 14 [~,Gc t7, ta7Y
<br />~~ ~ ~ - (apace aeloW This Line Reserved For Leader and Recorder)
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