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7. Condemnation. In the event the Property, or any part thereof, shall be taken by eminent domain, the Mortgagee
<br />is empowered to milect and receive all compensation which may t;e paid for any property taken or for damages to property
<br />not taken, and hfortgagee shall apply such compensation, at its option, either to a reduction of the indebtedness secured
<br />hereby or to repair and restore the property so 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 sutra 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 subjeeL Go the lien hereof. Mortgagee
<br />shalt not incur any personal liability because of anything it may do or omit to do hereunder.
<br />9. Default; 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 is pay when due the sums secured by this Mortgage, the Mortgagee shad
<br />be entitled, at its sole option and without notice, to declare all sums secured by this Mortgage to be immediately due and
<br />payable and may commence foreclosure of this htongage by judicial proceedings; and, provided further, that upon such
<br />default the Mortgagee, or a receiver appointed by a court, tray at its option and without regard to the adequacy of the
<br />security, enter upon and take possession of Lhe Property and collect the rents, issues and profits therefrom and apply them
<br />first to the cast of collection and operation of tt:e Property and Lhen 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 Ptopert}' is sold or transfer. , without the express written con-
<br />sent of the Mortgagee, Mortgagee may at its sole option, declare all sums secured by Lhis Mortgage to be immediately due
<br />and payable.
<br />Il. 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 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 torebearance in exercising any right or remedy shall not be a waiver thereof.
<br />(b} Alt remedies provided herein are distinct and cumulative to any other right afforded by law or equity,
<br />and may be exercised :oncurrently, independently or successively.
<br />(c} The rnvenantc and agreements contained herein shall bind, and the rights inure to, the respective
<br />successors and assigns of the Mortgager and the Mortgagee.
<br />{d} All covenants and agreements of the yortgagor are joint and several.
<br />(e} The head'engs of the paragraphs of this Mortgage are for convenience only and shall not be used to inter-
<br />pret or de5ae the provisions hereof.
<br />13. Release. Upon payment of ail sums secured by this Mortgage, tilortgagee shall discharge this Mortgage and
<br />shall execute and deliver a sa4sfactoty release therefor.
<br />P:V ~4ITIv"ESS tPIiEREOF, 4ortgagor has executed [iris : rtgage on t1}r 'h d~}° of ~;1 , t9 ~9
<br />.~~ ` .
<br />~~ ~, .~-~~' Borrower
<br />ne rah:-uc~i-- sarro~rr
<br />State of Nebrasta,
<br />County ss:
<br />Ors this ~~ day of ?~ri1 19 f 9 , before me, the undersigned, a No.ary Public
<br />a<tly cammtsstaned and gsralrfred fat sold county, personali}• camp RG'2~ert 1'. ~ ~ `~~ ai'Y3 DC'-170Td21 `~.
<br />I~irttt-etr'l'1, Rrrciiarsya i rir2iE
<br />to me known to be the
<br />-identical pea~an{s2 whose n~~ne(sy are subscribed to the foregoing instrument and acknowledged the execution thereof
<br />to be 2315 aIY3 23e~' voluntan act and deed-
<br />Witness my hand and notarial ma! at ~~ I51 in said county, the
<br />date aforesaid.
<br />My Comsnisaian expires: "' ~, ,
<br />'{' ~ .-~i l.~ - ' ~'r -
<br />~` rQoUVy Public
<br />(St>ur Bellow lhia Lice err n•ed Far Leadu and Arcordu}
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