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T. C;rsndarrrnnation. In tkue ~:ent the Pn~riperty,orany par thereof, shaft be taiu~;n by ern'sneriu domairu,,tiue Tsfortgagee
<br />is empowered ko coliwetand receive apl compensation ra~hich may be paid for an7,~ property taken or f'or dama,gas to property'
<br />not taken, and Mortgagee sh~l apply sur,6t eampkrna:atiom, at its option., eitheir ro a srrduckirsm of ttaa indebkrdnest secured
<br />hereby of w repair and restore the propeit-~ so damaged-
<br />3. Performance by Mortgagee. Mortgagee may, but shafi have no obligation, to do any act which khe Mortgagor
<br />bas agreed but fails 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 sums so expended by the Mortgagee for the above purposes, and any sums so expend
<br />by 1te Mortgagee shall be added to the indebtedness secured hereby and became wbject 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. Default; Assfgnnrent of Fxnts. Time is of the essence hereof, and upon Mortgagor's default ir, any covenant
<br />oragreemenE of this Mortgage, including covenants to pay whey due the sorts; secured by this Mortgage, the Mortgagee shall
<br />be entitled, at its sole option and without notice, to declare alt sutras secured by this Mortgage to be immediately due and
<br />payable and may commence foreclosure of this Mortgage by judicial proceedings; and, provided further, that upon wch
<br />default 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 W the cart 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 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 immediately due
<br />and payable.
<br />11. Future 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 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. Miscellaneous Provisions.
<br />{a) Aay forebearance in exercising any right or remedy shall not be a waiver ihereof.
<br />(b) All remedies provided herein are distinct and cumulative to any other right afforded by faw or equity,
<br />and may be exercised roncurrently, independently or successively.
<br />(c) Tice covenants and agreements contained herein shall bind, and the rights inure to, the respeetive
<br />successors and assigns of the Mortgagor and the Mortgagee.
<br />{d) A13 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 />13. Release. Upon payment of all sums secured by this Mortgage, Mortgagee shall discharge this Mortgage and
<br />shalt execute and deliver a satisfactory release therefor.
<br />IN WITNESS WHEREOF, Mortgagor has executed this Mortgage on the 7tk1 day of _ MRSr _____, 19 ~ .
<br />Karr, t~3tJNI'Y IAiVESiiFiEsPi' GIcOUP
<br />~ anrrower
<br />.State- of Nebraska,
<br />County ss:
<br />narrower
<br />On this 7th day of ~Y ~ 19 ~ ,before me, the undersi/fined, a Notary Public
<br />duly commissioned an(d/qualified for said county. personally came ~~.1L=aT~~ ~.,Ef~if~- ~ cif c f
<br />L~ ~u.~ Ft u~ i''"~ , to mr 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 ~_,.y voluntary act and deed.
<br />date
<br />my hand and notarial seal at Grand Island in said county, the
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