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'l. €;saarsadran. In t„e e--erk fire PRsyerty, or say part riaereof, shaill be fatten by ami~nt domain„the lvlortgagee
<br />u empawared to urllact anti receive aN rxrm~pensation whim may be paid for anv property taken or far dama,~c w property
<br />not taken, and 15iortgagee shall apply such compensation, at its option, eithtr to a reductior, of the indebtedness secured
<br />hereby or to rapair and restore floe property so damaged.
<br />9. performance by Mortgagee. triortgagee may, but shad base no abligatitm, to do any act which tha Mortgagor
<br />has agreed but fails to do, and Mortgagee may also do nay net it deem necessarg to protect the lcen hereoL Mortgagor
<br />agrees to repay, upon demand, any sums so expended by the Mortgagee for the above purposes, and say soma so expended
<br />by the Mortgagee shall he added to the indebtedness secured irereby aiad become subject L} the !•:en hezof. ;ti'.o~.gsgee
<br />shad not incur any personal liab0ity bemuse of anything it may da or omit to do hereunder.
<br />9. Default; Asegnment of Rents. TSme is o[ the e~eace hereof, and upcm Mortgagor's default in nay covenant
<br />or agreement of this Mortgage, including covenants to pay when due the sums secured by this Mortgage, the Mortgagee shat!
<br />be entitled, at its sole option and without notice, to declare a!1 sums secured by this Mort~ge to be immediatety due and
<br />payable and may commence foreclosure of this Mortgage by judicial proceedings; and, provided further, that upon ~
<br />default the Mortgagee, or a receiver appointed by a court, may at its option and without regard to the adzquacy of Che
<br />security, enter upon and take possession of the Property and collect the rants, Issues and pm5ta therefrom and apply them
<br />fizst to the ccet of coiieetion and operation of the Property and then upon the indebtedness sec+rred by this Mortgagee;
<br />said rents, issues-and proSts being assigned to the Mortgagee as further security for the payment of the indebtedness
<br />secured hereby.
<br />10. Transfer of Property. If all or 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 immediatelp due
<br />and payable.
<br />11. FtirQare advances. Upon request of Mortgagor, Mortgagee may make additional and future advances b}
<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 indebted~ss secured by fhb
<br />Mottgsge, not iadut>3ng sums advanced to protect the security o[ this Mortgage, exceed the original Note.
<br />12. liieosllar-eous 1'rov~ions.
<br />(a) Any forebe.zsnea ir, exer'ssing airy rght or rmedy shall oat be a waiver thereof.
<br />(b) Atl remedies provided herein are distinct and cumWative to any other right at[orded by law or egaity,
<br />and may be exercised concurrently, indepeodentiy or successively.
<br />(e) The covenants and agreements contained herein shah bind, and the rights inure to, the respective
<br />successors and assigns of the Mortgagor and the Mortgagee.
<br />(d) All covenants and agreements of the Mortgagor are joint and several.
<br />(e) The headings of the paragraphs of this Mortgage are for convenience oNy and shall not be rued to inter-
<br />- pmt or define the provblons hereof.
<br />13. Selene. Upon payment of all sums secured by this Mortgage, Mortgagee shalt discharge this Mortgage and
<br />shall execute and deliver a satisfactory release therefor.
<br />G+T wtTN1tSS WHBREflF, Mortgagor has executed fhb . on tb _ _ day of 1 _, 19 ~g.
<br />- 3i11S Bono.ver
<br />rlf3cZ 3ti1S f - Boaomer -
<br />3tate of Nebsyslta, Him County ss: '
<br /> do this 20th daq of April 19 79 ,before me, the undersigned, a Notary PnWie
<br /> duty commissioned and quailted tot said county, personally came Fred M• ~~-~ artcl ~~ M. JaniSCh,
<br /> Husbair3 3ftd Wife
<br />. , to me known to be the
<br /> identical person{s) whose name(s) are subscribed to the foregoing instrument and acknowledged the execution thereof
<br /> to be ~ i9t~ ham' voluntary act and dead.
<br /> Witness my hand and notarial seal at ~~ Is1 arv3 in said county, the
<br /> - date aforesaid .
<br /> ` r ;~
<br />It4y Gommissioa expires:. ~.~__. / ~ ,- ~",~ ` ~. ~ ' r ( a
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<br /> ~ Notary Pubnc
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<br /> _ -(8paee He(osy Tbla Ltae Reserved For Lender and Aeeo-der}
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