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<br />7.; t',onciemnation. in the: event the Praperty,tsraa,Fypart ttuemrraf, shall be tak@n by eminent doansn,the Biicarrt:g~wgee
<br />is empawe,eed to call@ct and r9u~:eivr ali,crmp@psatior~ wh~eir may',be plod for any property takxn ar for damages to p;opi!rty
<br />~~ npt ,ta$@n„~iantk 14piortgagu~e shill, apply sjxelf~ cangipes~ayaplaa„, at 9ks option, w.ithar t~ a t@duction of th~r indebtedness ~n~iured
<br />hereby or to repair and restore the property sa damaged.
<br />8. Performance by Mortgagee. Mortgagee may, but shah have no abligadon, 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 />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 herer~ader.
<br />9. I}efauit; Assignment of Rents. Tiroe is of the essence hereof, and upon Mortgagor's default in any covenant
<br />oz agreement of this Mortgage, including covenants to pay when due the sums secured by this Mortgage, the Mortgagee shad
<br />b@ 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 cammence foreclosure of this Mortgage by judicial proceedings; and, provided further, that upon such
<br />d.fautt the Mortgagee, or a receiver appointed by a court, may at its optian and without regard to the adequacy of the
<br />security, enter upon and take possession of the Property and collect the rents, issues and pruLts 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 />16. 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 its sole option, declare all sums secured by this Mortgage to be immediately due
<br />and payable.
<br />11. Future Advances. Upon request of Mcr',gagor, 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 origins Note.
<br />12. Miscellaneous Provisions.
<br />(a) Any forebearance in exercising any right or remedy shall not be a waver thereof.
<br />(b) All remedies provided herein are distinct and cumulative to any other right afforded 6y law or equity,
<br />and may be exercised roncurrentiy, indep@ndently or successivety_
<br />(c) The covenants and agreements contained herein shsl bind, and the rights inure to, the respective
<br />successors and assigns of the Mortgagor and the Mortgagee-
<br />-. J' - (d) AIi covenants and agreements of the Mortgagor are joint and seveMl.
<br />(e) The headings of Lhe paragraphs of this Mortgage are for convenience oNy and shsl not be used to inter-
<br />- prat or de5ne the provisions hereof.-
<br />13. Release. Upon payment of si sums secured by this Mortgage, Mortgagee shsl discharge this Mortgage and
<br />shelf execute anti deliver a satisfactory release therefor:
<br />tN WITNt±SS WHEREOF, Mortgagor has executed this Mortgage on the ~ day of NovetRbeC~, lg 79 ,
<br />_ _ a~+e=tzvet'
<br />aP0 _ - - -
<br />84rrrew
<br />State of Nebraska, HeI ~ County ss:
<br />On this nth day ot_ NoYeinber „ 19 ~9 ,before me, the undersigned, a Notary Public
<br />duly commissioned and qualified for said county, personsiy came Gerald 4!. Jones and Sharon R.
<br />Jones, Husband and Wife
<br />to m@ known to be th@
<br />identical p@rson(s) whose name(s) are sui~cribed to 6he foregoing instrument and acknowledged the execution themol
<br />~ be Yhi s and her votuntary net and de@d.
<br />Witness my hand and notarial seal at brand Island in said county, the
<br />date aforesaid.
<br />l~~ion expires: ~ .At'",4 /~c~"L' ~ r;,';Zt~/~~r,~,k'CG~..'~:a'.~fa~---~°".
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