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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 collect and receive all compensation which may be paid fur any property taken or for damages to property
<br />not taken, and Martgagee 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 Mortgagar
<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 />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. Time is of the essence hereof, and upon Mortgagor's default in any covenant
<br />ar agieemeni of this Mortgage, including covenants to pay when due the sotto secured by this ;doagage, the Mortgagee shall
<br />be entitled, at its sole option and without notice, to declare all sums secu:ed 6y this Mortgage to be immediately due and
<br />payable and may commence foreclosure of this Mortgage b, judicial proceedings; and, provided further, that upon such
<br />default the Mortgagee, or a receiver appointed 6p 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 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 i*s 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 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 o[ this Mortgage, exceed the original Note.
<br />12. hiiscellaneous Provisions
<br />(a) Any forebearance in exercising any right or 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 concurrently, independently or successicely. -
<br />{c) The covenants and agreements contained herein shall bird, and the tights inure to, the respective
<br />successors and assigns of the Mortgagor and the Mortgagee.
<br />(d} All covenants and agreements of the Mortgagor are joint and ~veral.
<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. ReMase. Upon payment of all sums secured by this Mortgage, Mortgagee shall discharge this Mortgage and
<br />shalt execute and deliver a satisfactory releas^ therefor.
<br />IN WITNESS WHEREOF, Mortgagor has executed this Mortgage on the 6117 dap of ullrie _,19 79
<br />i. - -a "
<br />Cleo L. Bebelstiss Rorrnw-er
<br />aorrowe:
<br />State of Nebraska, ~' -------
<br />On this bth day of _Jtirle _____. 19 79 ,before me, the undersigned, a Notary Public
<br />duly tpmtnissioned and qualified for said counts-, persoaaliy came C3e0 L. EiebeTI115S r a S1TKJ12 ItIdR
<br /> to me known to be [he
<br />idenptxl person(s) whose nattrets) ate subscribed to the foregoing instrument and acknowledged the execution thereof
<br />to be t21S voluntan• act and deed.
<br />Witness my hand and notarial seal at C'`~ 1s~7-
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