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<br />7. C.oademaataon. Isa the event thou Properly, arany part tiaera~af, shall be itaken b,tir eminent ~lomanrn,the 9ulr,~ngagee
<br />is empowered ~tocrr[Irr_tand rec~r~ive all t^ornpsnsatdooicp vrhich n)ay tue !p~atd for any property taken or for darna~~ges to property
<br />not taken, and 3lortgagee shat apply sue:: compersatior., at its option, either to a reduction of the indebtedness secured
<br />hereby or to repair and restore the property so damaged.
<br />8. Performance by Mortgagee. Mortgagee may, but shat! have no obligation, to 4o ariy act which the Mortgagor
<br />has agreed but fails to do, and Mortgagee may also do ary 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 />shall not incur any personal liability because of anything it may do or omit to do hereunder.
<br />9. t3efaulk; Assignment of Rents. Time 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 noticx, to declare ail sums secured ~y this Mortgage to be immediately due and
<br />payable and may camn-fence foreclosure of this Mortgage by judicial proceedings; and, provided further, that upan such
<br />defaut the Mortgagee, or a receiver appointed by a court, may at its option and without regard to the adequacy of the
<br />security, enter upon and take possession of.the Property and collect the rents, issues 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 profits being assigned to the Mortgagee as further secuzity fot the payment of the indebtedness
<br />secured hereby.
<br />10. Transfer of Property. If all or any part of Che Property is sold or transferred without the express written con•
<br />sent of the Mortgagee, Mortgagee may at its sole option, declare alt sums secured by this Mortgage to be immediately due
<br />w.d paysble.
<br />11. Future Advances Upon request of Mortgagor, Mortgagee may make additional and future advances to
<br />Mortgagee. Such advances, with interest thereon, shalt be secured by this Mortgage when evidenced by promissory notes
<br />stating that said notes ate 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 />(a) Any forebeazance in exercising any right cr 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 ~oncurrentiy, independently or successively. ,
<br />(c) 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 />(dj Ail 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 defene the provisions hereof.
<br />13. Release. Upon payment of all sums secured by this bfortgage, Mortgagee shall discharge this Mortgage and
<br />shall execute and deliver a satisfactory release therefor.
<br />IN WITNESS WiiEREOF, Mortgagor has executed thi. bfortgage on Ih7th day of Alan ^, lg 79 -
<br />HAT,T, CC1(x'~PS'Y IIv'VES'ZT~'~iT C~Dt?P
<br />Berro.~ef
<br />State of Nebraska, I~11 _________.._County ss:
<br />Burrower
<br />On this 7th day of ~ klaV _, 19 79_, before me, the undersigned, a Notary Public
<br />d~uty~commiuioned and qualified for said count}~, personally came ,[!^ ~~ i`6'.~ ~ -~ ~-+:~... r !` }o.~ ~_>
<br />1~=-~~~c`~`} ~ktr+°'"~i ---.~__ to me known to 6e the
<br />identical person(s) whose name(s) are subscribed to the foregoing instrument and acknowledged the execution thereof
<br />to be ~_____~ voluntary aci end deed.
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<br />fSPace Below This Ltne Reserved For Lender snd Recorder)
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