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7. Condemnation. In the event the Property, orany part thereof, shall be taken by eminent domain, the Mortgagee
<br />is empowered to collect and receive all compensation which may be paid for any property taken or for damages to property
<br />not taken, and Mortgagee shall apply such compensation, at its option, either to a reduction of the indebtedness secured
<br />hereby or to repair and restore the property sa damaged.
<br />S. Performance by Mortgagee. Mortgagee may, but shalt have no obligation, to do any act which the Mortgagor
<br />has 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 expended
<br />6y the Mortgagee shalt 6e added to the indebtedness secured hereby and become subject to the Tien hereof. Mortgagee
<br />shall not incur any personal liability because of anything it may do or omit to do hereunder.
<br />9. Default; Assignment of Rents. TSmc is of the essence hereof, and upon Mortgagor's default in any rnvettart
<br />or agreement of this Mortgage, including covenants to pay when due the sums secured b7 this Mortgage, the Mortgagee shall
<br />be entitled, at its sole option and without notice, to declare atl sums 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 such
<br />default the Mortgagee, or a receiver appointed by a court, may at its option and without regazd to the adequacy of the
<br />security, ender upon and take possession of the Property and collect the rents, issues and profits therefrom and apply them
<br />5rst 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 security for the payment of the indebtedness
<br />secured- hereby.
<br />10. TYarsfer of Property. If all or any part of the Property is sold or transferred without Lhe express written con-
<br />sent of the Mortgagee, Mortgagee may at its sole option, declare al! 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, shat! 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 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 forebearance in exercising any right or remedy shall not be a waiver thereof.
<br />(b) :-Il mmedies prorded herein are distinct and cumulative to any other right afforded by law or equity,
<br />and may be exercised roncurTently, independently or successively.
<br />{c) The covenants and agreements contained herein shall hind, and the rights inum to, the respective
<br />successors and assigns of the Mortgagor and the Mortgagee.
<br />{d) Atl covenants and agreements of the Mortgagor are joint and several.
<br />(e) 1Tte 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. i)pon payment of al. sums secured by this Mortgage. Afongagee shah discharge this Mortgage and
<br />shall execute and deliver a satisfactory release therefor.
<br />Lti W'IT'NESS WT',EREOF, Mortgagor has executed this !Mortgage on the 29 day of ~Y_, 19 74
<br />~~/~/ ~ -
<br />i TY` ~'u ~ ~'
<br />M chael R. Cl ark° Borrower
<br />'-a7 ~-y 'yam ~ %f ~.. .d ,i
<br />k'arna t_.^Clark Boaowe:
<br />State of Nebraska, Na l 1 -County ss:
<br />On this 29#h day of ~Y _, 197Q__, before me, the undersigned, a Notary Public
<br />duly commissioated and qualified tar said county, personally tame M 1 chae ! R, C 1 ark and
<br />Msrna 1. Clark,
<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 />tabel?tslt#er voI nddeed.
<br />iPitness mY hand and no a! brand 151 and in said county, the
<br />date aforesaid . ~j
<br />My Commis ion expires: l+J~ ,: a. ~Ye ~ ~F ,a~~%-----------, ---
<br />c _
<br />V~u,ry Public
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