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3. C.c~nderrutation. irrv tlieerrtnt the Propertyy.,, ry~r any part thereof, rsh;all bar ta,kea by eminent darmain,the ?u}or3gee
<br />is errpawered ?R colle=ct and rec~eiaaaa all ~compaxrasatiion virhich may be paid for anyr property taken ox for rtsma;gcs ic> propsrty
<br />not taker, and Mortgagee shad alip'ly such compensation, at itn aptEon,either tr; a reduction of tare indebtedness sa~cured
<br />hereby or to repair and restore the prruperty so darnagied,
<br />8, ?erformance by Mortgagee. Mortgagee may, but shaft have no obligation, to do anv act which the Mortgagor
<br />'~ agreed but fails to do, and Mortgagee may also do say act it deems necessary to protect the lien hereof. Mortgagor
<br />agrees to trpay, upon demand, any sums so expended by the Mortgagee for the above purposes, and any sums so expended
<br />by the Mortgagee shat} be added to the indebtedness secured hereby and become sub~ct to the Lien hereof. Mortgagee
<br />shad not incur any personal liability because of anything it may do or omit Lo do hereunder.
<br />9. t)g!sult; Assignment of Rents. TSme 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 />be entitled, at its sde option and without notice, to declare all sums secured by this Mortgage to be immediately due and
<br />gayabte sad may commence foreclosure of this Mortgage by judicial proceedings; and, provided further, that upon such
<br />default the Mortgagee, or a recesver appointed by a court, may at its option and withoc:t regard to the adequacy of the
<br />security, ea#er upon sad take pos.ses<.ion of the Property and collect the rents, issues and profits therefrom and apply them
<br />first to the cost of rnllection and operation of the Property and then upon the indebtedness secured by this Mortgagee;
<br />said n:n~, issues and profits being assigned to the Mortgagee as further security for rho payment of Lt;e 6ndeb*xdness
<br />secured hereby.
<br />10. T4aasfer 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 io be immediately due
<br />and payable.
<br />11. Future Advances. Upon request of Mortgagor, Mortgagee may make additions[ and future advances Lo
<br />Mortgagee. Such advances, with interest thereon, shall be secured by this Mortgage when evidenced by proattssory notes
<br />stating that said no'xs are secured hereby. At no tune shall the principal amount of the indebtedness secured by this
<br />Mortgage, not including sums advanced to protect the security of this Mortgage, exceed ttte original Note.
<br />12. M'~scetlaneous Provisions
<br />(a) Any forebearance in exercising any right or remedy shall not be a waiver thereof:
<br />(bs All remedies provided herein are distinct and cumulative to any other right afforded by taw or equity,
<br />- and may be exercesed roncurrently, independently or successively.
<br />(ej The covenants and agreements contained herein shall bind, and the rights inure to, the respective
<br />successors and assigns of the Mortgagor and the Mortgagee.
<br />(dj Ali covenants-and agreements of the Mortgagor are fait and several.
<br />(ej 79te headings of the paragraphs of this Mortgage are for convenience only and shall not be used to inter-
<br />pret or deIIne the provisions hereof.
<br />Y3. Release.--Upon payment of all sums secured by this Mortgage, Mortgagee shall discharge this Mortgage and
<br />ahaIl execute and deliver n satisfactory release therefor. -
<br />tN WITNESS WI3EREOF, Mortgagor has exedutt~l this o on th S da of t ~g..,.
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<br />£tate oP Nebraska, U"'LZ' f;ounty ss:
<br />~ tltu 1St day of August 19 79 ,before me, the undersigned, a Notary Public
<br />duly twmmissioned and qualified for said county, personally came ~~~~ L• lsbxtfa~'tr a s].n~l@ Klan
<br />_ , to me known to be Lhe
<br />identical person(s) whose name(<_) sre subscribed to the foregoing instrument and acknowledged the executian thereof
<br />to be ~ Y~.i.s voluntary act and deed.
<br />Witness my hand and notarutl seal at C~'dild Island _ in said county, the
<br />date aforesaid .
<br />r
<br />My Cnmmissian expires: y-~ $~ _C~~
<br />ttwlvltt•araartper. sect ^x~vb+31 j ~ Yatary Public
<br />tJ1FtRY Il+loCOG fNO~RI AtltM
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<br />-Gj _ ~ _ _ • (5@aee Setow This 2.ins &esenad For Lesdez era! rieeardas)
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