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<br />7. Condemnation. [n the event the Property, or any part thereof, shall be taken by eminent domain,the Mortgagee <br />is empowered to collectand receive all compensation which may be paid for any property taken or for damages to prupe:tp <br />not taken, and Mortgagee shalt apply such compensation, at its- option, either to a reduction of the indebtednesssecured <br />hereby or to. repair andrestore-the propertyso.damaged: <br />8. Performance by Mortgagere. Mortgagee may, but shall have no obligation, to do any act which- the Mortgagor <br />has agreed but faits to do, and Mortgagee may also do any act iE deems necessary to protect the Gen hereof. Mortgagor <br />a6rees to repay; upon demand; any. sums so expended"by the Mortgagee for the above purposes; and any sums so eipended <br />by. the Mortgagee shall be added to the' indebtedness secured hereby and become subject to the lien Hereof. Mortgagee <br />shall'not Sncurany petsonai.liaiiility because ct'anyihingit map do or omit-to do hereunder: <br />9. Defautt, Asigitment of • i'tients: `i5me is of -the essence hereof, acrd upon Mor#gagor's detAUlt in any co9enant <br />oragteement of this il(ottgage,inciuding covenants to-pay when due the sumssecured bythis Mortgage, the Mortgageeshali <br />be entitled, :4-ifs sole option and without notice, to declare all sums secumd by this Mortgage to be imdAediately due aad <br />payable and may oommence'tomclosure of khis Mortgagx by judicial. proceedings; and, provided further,'that upon such - <br />detautt the Mortgagee, or a receiver appointed by a court, ma9 at its option sod without regard to the adequacy of the <br />severity, eater upon and take possession of the Poeperty and cotiect the rents, issues and profits therefrom-and appty. them <br />first tip ttir cost of collection aad operation of the Property and then upon the indebtedness'secured by tl liart®~gee; , <br />said tents; issues and profits being assigned to fire Mortgagee as further security for-the payment of-the indehtedness <br />sectritd hereby. <br />10. 'I~nosfer of Property. It alt or any part of thx Property is sold or transferred without the express written cones <br />sent of the Mortgagee, Mortgagee may at Sts sole option, declare all sums secured by this Mortgage to be immediately doe <br />and.payable. <br />li. Etirture Advances. Upon request of Siortgagar, Mortgagee may make additional and future advances to <br />Mortgapee. Such advances; with interest thereon, shalt be secured by this Mortgage when evidenced by promissory notes <br />sbtiag'HuL said notes are secured hereby. At no time shall the principal amount of the- indebtedness secured by this <br />Mart~age, not indtr~ag ~uuns advarxd to pratec*_ the securify of this Mortgage, exceed the original Note. <br />12. M'aiodlaneous Provisrorrs. <br />(a) Any torebearance in exercising any right or remedy shall not. be a waiver thereof. <br />(b) A!1 remedies provided herein are- distinct and cumulative to any other right afforded by law or equity, <br />and may be exercised roncurrently, independently or successively. <br />(c} 'fhe covenants and agreements contained herein shalt bind, and the rights inure to, the respective <br />successors and assigns of the Mortgagor and the Mortgagee. <br />(dl Ail covenants and agreemerus of the 3ortgagor are ioint and several. <br />{ej 'the headings at the paragraphs of this Mortgage are €or convenience Doty and shall not be used to inter- <br />pat er define the provisions hereof. <br />13. Reiaare. Upon payment of ail sums secured by this IFiortgage> Mortgagee shall discharge this Mortgage and <br />shall e=eeute and'drlirera ~tis[acfory tr3ease iheretar. <br />IAt 191TN1~ wN6REAF,111ongagor has executed Lhis Mortgage an the ~~ day of flay .,19 ~- <br />;~l I <br />~ - ~,._ <br />~""-''' -~-t--T=-j=~'fi~- <br />-.Tn~>E~s P zissttt ~ a~`~ <br />t~trolc n A; .'i~iasa.tt a""`°°'<` <br />SWt a[ Netaradca, X12 ---- --...___._......_____Cuunty as: <br />t1n this 27 day of _`,_ '~iat' ___,_, 19 ~, before tire, the undersigned, a Notary Public <br />James P. Afasat and Caxnl}~rt A. lasat <br />duly cam oared aad qualified for said county. personaiiv came T --- -- <br />-. _. to me known to be the <br />identical petwn(s} whose namx(si are subscribed to the farcgasng instrument and acknowledged the execution thexeaf <br />to be <br />date afore <br />My Coma <br />L`~~ ~i+k~~}y <br /> <br /> ~ <br /> -~' ~ <br />... ~. <br />- ~- . <br />~ - ~ ~ N <br /> _ <br />~ ~ <br /> ~}+~ <br />K ~ ~- <br /> 4 <br />r <br />f` <br /> 'a~ <br />9 ~ s" <br />' <br /> ~{ <br />~ ~ ~ }~ ~ <br />r <br />~. <br /> r ca p <br />rC NaCC 7{164i7..~. - <br />act and deed. <br />Grand island in said Daunt the <br />seal at.__--~.._._.._._____..~_._.~,r--:-s--._ y. <br />t x _ J;. <br />tietc>w t"rn t.anr ncr.<rw<a r a> L~rndec as3 kecvrG<s) -__ ._-- -. _ __ __.... ._..._ _.. _..._ _... <br />_'~ G^^ <br />t< .t <br />S"` a;} <br />~. <br />:.t? <br />~r ~ <br />ti <br />