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<br />7. Condemnation. In the event the Property, or any 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 so damaged.
<br />8. Performance by Mortgagee. Mortgagee may, but shall have no obligation, to do any act which the Mortgagor
<br />has agreed but faits 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 />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, Default; Assignment of Rents. lime is of the essence hereof, and open Mortgagor's default in any covenant
<br />of 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 notice, to declare all 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 wort, 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 o[ 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. 1Yansfer 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 inkerest thereon, shall be secured by this Mortgage when evidenced by promissory notes
<br />etzting ~ ~d 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 />(aj Any forebeatance in exercising any right or remedy shall not be a waiver thereof.
<br />(b) All remedies provided herein are distinct and cumulative to say other right afforded by law or equity,
<br />and may be exercised wncurrently, independently or successively.
<br />(c) 1'he wvenants anu agreements contained herein shall bind, sad the rights inure to, the respective
<br />successors and assigns of the Mortgagor and the Mortgagee.
<br />{d) A!i covenants ana agreements of the Mortgagor are joint and several.
<br />{e) 'Ibe heading` of the paragraphs of this Mortgage are for wnvenience oNy and shall not be used to inter-
<br />pret or define the provisions hereof.
<br />13. Release. Upon payment of all sums secured 6y this Mortgage, Mortgagee shall discharge this Mortgage and
<br />shall execute and deliver a satisfactory release therefor.
<br />INi WITNESS WHEREOF, Mortgagor has executed this Mortgage on the 4~1 day of Jt1T1e ,19 79
<br />~~~ ~~! l;
<br />CEi16N1t (fOTaav - Sbb sP Ilan _-~%E~r" "' ~1~~ aoaower-
<br />tARRY IIAcCOK9 ~~.
<br />_ myf~ar. ~ tors 4 rasp ` ,
<br />~.CG- ': ~ ~r~ ~{ _ ~~~ ;rv
<br />~11Iftd A. R2~.JR ao+rower
<br />State of Nebraska, ~' County ss:
<br />Oa this 4th day of June , 19~~, before me, the undersigned, a Notary Public
<br />duly commissioned and qualified for said county, personally came ~~ R. Reown dad Wlli[{c1 A.
<br />+ ~ i~rife to me known to be the
<br />identical person(s) whose names{ are subscribed to the foregoing instrument and acknowledged the execution thereof
<br />to be h75 arld k]eT voluntary act and deed.
<br />Witrreaa m- hand and notarial seal ax ~~ ~1diY3 in said county, the
<br />date aforesaid .
<br />My Commission ezpitrs: .
<br />-~ ,~ : 1~ ' t L fv--,'h _
<br />~ ~- Notur Puhlic
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