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T. Canderanation. to tE:e event the Property, arany partthereof, shad be taken by eminent domain,tbe Mortgagee
<br />is empowered to collect and receive all compensation which racy be paid for any property takes ar for damages to property
<br />not taken, and Mortgagee shall apply such eompensatian, at iG option, eitlrer to a reduction of the :ndebtedness secured -
<br />hereby or to repair and restore the praperty so damagerL
<br />8. Performance by Mortgagee. Mortgagee may, but shalt have na chllgation, to do nay aci which the Pidrigagor -~ -.
<br />has agreed but faits to do, and Mortgagee may aL~o 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, aad any soars so expended - - - - ~ -
<br />by the Mortgagee shall be added to the indebtedness secured Iteretry and became sub~:et to the tied hereof. Mortgagee - -
<br />shall not incur any personal liability because of anything it may do ar omit to do hereunder. - - -- - -- -- -
<br />~., ISefault;-Assignment of Bents. Time is of the essence hereaf, and upon Mortgagor'sdefauit itr-.nay covamrii -
<br />nr agreEmerrt of this Mortgage; including covenants to pay when dye, the sums sernred by ibis ?dortgage, the Mortgagee.-shall - -
<br />be entitled, at its sale option and without nonce, to declare all sums sectued by this Mortgage to be immediatetgilue anil
<br />payable and- may commence foreclosure of this Mortgage by judicial proceedings; and, provided further, that upoasuch
<br />default the Mortgagee, or a receiver appaintad by a court, may at its option and without regard to the- adegtracy-of the-,
<br />security, enter upon and take possession cf the Property and collect the rents, issues and profits therefrom and.appty Diem. ~ --
<br />fist to:the cost of collection-and-operation of the-Property and then upon tire-indebtedness-securedby-this-MOttgageer--.- _ -
<br />said rents, issues- and profits being assigned -to the Mortgagee as further security for the payment of tfie -indebtedness - -
<br />secured hereby.
<br />30. 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 alt sums secured by this Martgage to be immediately due.
<br />and payable. ~ -
<br />11. Future Advances. Upon request of Mortgagor, Mortgagee may make additional. and future advances to -
<br />Moctgagee. 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 tfie indebtedness-secured by this -
<br />Morigage, not including sums advanced to protect the security of this Mortgage, exceed the ongiaal Note. - _ ~ - -'
<br />Z2 Miscellaneous-Provisions.
<br />(a) Any forebearance in exercising any right or remedy shall not be a.waiver thereof.
<br />{b) fill remedies provided herein are distinct and cumulative to any other right afforded by law or equity,
<br />and may be exercised concurrently, independently or successive:y.
<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) Alt covenants and agreements of the Mortgagor are joint and several.
<br />{e) The headings of the pazagraphs of this Mortgage are for convenience only and shall ro± be used to inter-
<br />pret or define the provisions hereof.
<br />13. Release. Tlpou payment of all sums secured by this Mortgage, Mortgagee shall discharge this RRxtgage and
<br />shall execute and deliver a satisfactory release therefor.
<br />r_N WITNESS WH>_•R&OP, Mortgagor has executed this . rt ~e on the ]d~}y da~• of ___ .Ttt1 g__, 19 _$,).
<br />/'~ t..~ ~/r ' ~.. ,.
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<br />Elaine h4. Raile agtrawe=
<br />State of Nebraska, Ral l .-- Couuty ss:
<br />- On this i4t day of July , 19..x, 6eforr are, the undersigned, a .Votary Public
<br />duty commissioned and qualified for said county, personally came -D;lve A. Rai 1 e Jr. and Bl_ai n~1
<br />_ Ralle - ___,__ - _ to me known to be the
<br />identical persons} whale name(s) are subscribed to the foregoing instrument and acknowledged the execution thereof
<br />to be his and her .voluntary act and deed.
<br />Witness my hand and notarial seal at ______. Grand Island _ in said county, the
<br />date aforesaid. - _
<br />My Gomrissian axpi - (-'-`\ ~ ( ~ `,~ 1
<br />ibi ~ aflfebras5a ~.'LL 's -~ ~ ~lL(_(~--
<br />~ i£YtvI:ER J. ~'HARA i ; ~ ~nt,,.r ; ~uuc
<br />~~ , MM Camm. Exp. Mar 2k. 1483 ~ ~-
<br />(Space Below This Line nesarved For Lendzr and fteeoNel')
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