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<br />7. Cotrdemnation In the eirent the Property', or any part thereof, shall be taken by eminent domain, the Mortgagce
<br />is empowered to collect and receive aq eompe~ation tirtticb rrrty be paid for say property taken or for damages to prcrpeQty
<br />mat taliea, and Mortgagee shah apply such compensation, at its option, e"stber to a reduction of the indebtedrtem secured
<br />hereby or to repair and restore the Property ao damsged-
<br />8. Performance by Mortgagee. Mortgage: may, but shah have no obligation, to do any act wbieb the Moat{ragor
<br />has agreed but fans kr do, and Mortgagee rosy alw do say act it deems necessary to protect the lien hereof. Mortgagor
<br />agrees to repay, upon demand, any sums so expended bq the Mortgagee for the sbore purposes, and any stags so expended
<br />by the Mortgagee ~atl be added to the indebtedness secured hereby and become subject to the lien hereof. Irrortgagee
<br />shah not incur any persona[ liability because of aaything It may do or omit to do hereunder.
<br />8. Default; Assigammt of Rmrts. Time is of the essence hereof, and upon Mortgagor's default in any covenant
<br />or agreement of this Mortgage, iactuding covenants to pay when due the sums secured by this Mortgage, the Mortgagee shalt
<br />be entitled, at its sole option and without notice, to declare ail sums secc:rred by this Mortgage to be immediately due and
<br />payable and may commence foreclosure o[ this Mortgage by judicial proceedings; and, provided tnrther, that upon such
<br />defanit-the Mortgagee, or a receiver appointed by a court, may at it's option and without regard to the adequacy othhe
<br />security, enter upon and take possession of the Property and coAect the rents, issues and profits therefrom and apply them
<br />Inat to the cost of collection and operation of the Property and then upon the indebtedness sethtred by this Mortgegee•
<br />` said-rents; issues-and profits being assigned to the Mortgagee as further security for the payment of the indebtedness
<br />secured hereby.
<br />L0. Transfer of Property, If all or any part of the Property is sold or transferred without the express written con-
<br />sent of the Mortgages, Mortgagee may at its sole option, declare all sums secured by this Mortgage to be immediately due
<br />and payable.
<br />11: Future Advances. Upon request of Mortgagor, Mortgagee may make additional and future advances to
<br />Mortgagee. Snch advances, with interest thereon, shah be secured by this Mortgage when evidenced by promissory notes
<br />stating that said notes are secured hereby. AC 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. Mi6ceijazreous Provisions.
<br />(a) Ahj+ forebearaace in esercesing any right or remedy shall not be a waiver thereo[.
<br />(b) All remedies provided herein are distinct and cumulatire to any other right afforded by taw or equity,
<br />-. and may be exercised concurrently, independently or snccessire-y.
<br />- (c) The covenants and agreements contained herein shalt bind, and the rights inure to, the respective
<br />successors and assigns of the Mortgagor and the Mortgagee.
<br />(d) Aft 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 shall not be used to inter-
<br />- pret or define the provisions hereof.
<br />18. Release. Upon payment of all sums secured by this Mortgage, Mortgagee shall discharge this Mortgage and
<br />shall ettecnte and deliver a satisfactory release therefor.
<br />IN WtTNFS3 WHEREOF, Mortgagor has executed this Mortgage on the 1st bey of May .fag 79
<br />_! s
<br />ser.e,~r•
<br />;,
<br />a Sorroirer
<br />State of Nebraska, HALT' County ss:
<br />Ua this 1st day o[ Mav 19_x, before me, the undersigned, a Notary Public
<br />duly commissioned and qualified for said county, personally came Da7:'1Ck Barnhart artd Bd2baT'a Atvi
<br />BarfiharL-, Husband acid Wife
<br />to me (mown to be the
<br />Identical pere~a(s) whose )are subscribed to the foregoing instrument and acknowledged the execution thereof
<br />to be tt~:s ~. ~?l~v~~t and deed
<br />19itnere my head and no ~_GYand Island in said Bounty, the
<br />date aioteaa#d'~' /~
<br />MY Cammiesion expirea:~~1 Z 5, / j~~~dl ~ ~~ ..
<br />-. . ~ -'- - - Notary Public
<br />%.. ~~, +-y~~~~---GJ .~^..--+- (apace aeiovtThic-[,iue Ruerrad For iendu and aecurdex)
<br />G
<br />~ l'V \ ~ J .~ as;
<br />te.
<br />.- h r ~ 'r ~ - i rr
<br />to - H~ a° .--'_ era -_ ~'~
<br />' ~' ;
<br />- NHC 1966 INII;8na _ _ _ _ _ _ ~ __ 'S.,
<br />- ti.r -
<br />- ..-c'-- r..
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