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7. f,undenznation. in the event the Property, or any part thereat, shall be taken Iby eEninfnt domain,tha 1Wartgag+Pe
<br />! i~u aumpo.verq: of to eo16e~ t and receive all compensation which may be paid far any property taken ar for damages to property
<br />not'taiken, ~incl 'Mzurtgagtre shall apply such compensation, at. its option„ either m a reduction of the indebtedne-s seeu!nsd
<br />~ham~eb!y or to repair !srtd restore the pxoperiy so danutged_
<br />$. Performance by Mortgagee. Mortgagee may, but shall have no otrligaeon, 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 #o repay, upon demand, any sums so expended by the Mortgagee for the above purposes, and any surr~ sa expended
<br />by the Mortgagee shall be added to the "rndebtedness secured hereby and become subject to the lien hereof. Mortgagee
<br />shad not incur any personal liability because of anything it may do or omii to do hereunder.
<br />9. Default; Assignment of Rents. Tune is of the essence hereof, and upon Mortgagor's default in any covenant
<br />or agreement of this Mortgage, induding covenants to pay when due the sums secured by this Mortgage, the Mortgagee shall
<br />be entitled. at it sole option and without notice, to dedarn ail same secured by this Mortgage to be immediately due and
<br />payable and may cammence foreclosure of this Mortgage by judicial proceedings; and, provided further, that upon sudr
<br />default the Mortgagee, or a recesver appointed by a court, may at its option and without regard to the adequacy of the
<br />security, enter upon and tatte possession of the Property and collect the rents, issues and profits theref=om and apgiy them
<br />first to the cast 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. 't`ransfer of Property. if all or any part of the Property is sold or trarsterred without the express writtr_n 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 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. Miscettaneous Provisions.
<br />- (ai Any forebearance in exercising any right or remedy shalt not be a waiver thereof.
<br />(b) All remedies provided herein are distinct and cumulative ttr any older right afforded by taw of equity,
<br />and may be exercised roncurrently, independently or successively.
<br />(c) 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 />(d} Ail covenants and agreements of the Mortgagor are joint and several.
<br />(e) The headings of the paragraphs of this Mortgage are for convenience only and shat! not be used to toter-
<br />- pret or define the provisigns hereof.
<br />13. Release. Upon payment of all sums secured by this Mortgage, Mortgagee shall discharge this Mortgage and
<br />shall exeeutR and deliver a satisfactory retease therefor:
<br />iN W7TNg~ WHERTSQF, Mortgagor has executed this Mortgage on the 1Jt11 day of 'Qny~n}~, ly Z._. _ -
<br />!1
<br />IE1n 2I' Soaover
<br />~ ~ ,, f' " -
<br />- Carolyn Strutter f a~~Wer
<br />State of Plebraska, HATJ, County ss:
<br />Qn this 15th day of November 19_x, before me, ttre undersigned, a Notary Public
<br />-duly commissioned and qualified far said county, personally came ~~ L. StrcxneT And Carolyn StinrtleT.
<br />Husband And T~'7if , to me lmtiwn to be the
<br />identical person{s) whose rtanle(s) are subscribed to the foregoing instrument and acknowledged the execution thereof
<br />to be Hi ~ Anc3 '~l~r voluntary act and deed:
<br />Witness my hand and notarial seal at Wand I51aIId in said county, the
<br />- aatxafaresaid. /` f-'
<br />My Commissicn e.>zpires: _ J
<br />Notary Public
<br />Y _ ...
<br />~~ c ~~ ~ tsnace trotoW _i~ntr r.tne a u ea ro= r,~na~r ant s~ora~l
<br />- - - L/-
<br />NHE 1flSS rND 8fla~ [~ ~ {~ ~r~ ~~~~~L - -
<br />•4~ ~uawn~o(j se pa~al~3
<br />
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