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<br />7. Condemnation. In the event the Property, orsny part thereof, shalt be taken by eminent domain,the Mortgagee
<br />is empowered to collect end receive all compensation which may be paid for any property taken or for damages to property
<br />nok taken, and Mortgagee shalt apply such compensation, at its aption, 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 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 shat( be added to the indebtedness secured hereby and become subject to the lien hereof. Mortgagee
<br />steal! not incur any personal liability because of anything iL m2y do ar omiL 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 to pay when due the sums secured by this Mortgage, the Mortgagee shall
<br />6e 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 court, may at its option and without regard to the adequacy of the
<br />security, enter neon and take possession of the Property and collect the rents, issues and profits therefrom and apply them
<br />5tsf to the-cost of collection and operation of the Property and Shen 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 ail 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 inquest 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 ihis Mortgage, ezcead the aiigTnai ;rote.
<br />12. Miscellaneous Provisions
<br />(a) Any forebearance in exercising any right or remedy shall not be a waiver thereot.
<br />(b} All remedies provided herein are.distinet and cumulative to any other right afforded by law or equity,
<br />and may be exercised :ancurrenUy, independently or successively.
<br />(c} The covenants and agreements ^_ontained herein shall bind, and the rights inure to, the respective
<br />successors and assigns of the Mortgagor and the Mortgagee.
<br />(d} All covenants End agreements of the Mortgagor am joint and several.
<br />(ej The headings of the paragraphs of this Mortgage are for convenience only and shall not be used to inter-
<br />- prat or Mine the provisions hereof.
<br />13. R,dease. Upon payment of all sums secured by this Mortgage, Mortgagee shall discharge this Mortgage and
<br />a6dl execute >tind dettver a satisfactory release therefor.
<br />IN WITNESS WIfEREOF, Mortgagarhas executed this Mortgage on the-I$-EL day of J nne ,19 ~R_.
<br />-lei gfifion E. W i ley ~"~ Borrower
<br />~ . -_ ,-~
<br />Connie J . W i 4 ey ~ '~ `-` Borrower
<br />State of Nebraska, Ha I i County ss:
<br />On this t Sth ~y of June 19 79 ,before me, the undersigned, a Notary Publ'ec
<br />duty commissioned and qualified for said county, personalty came Le i nhton E . W i I ey and Conn t e J . W i ! ey
<br />to me known to be the
<br />persons} whose rsme(s} are subscribed to the foregoing instrument and acknowledged the execution thereof
<br />~h i 5 and her voluntary act and deed.
<br />y hand and notarial seat at Grand } 5 i and in said county, the
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