|
- - - 7. Condemnation. Sn the event the Property, orany part thereof, shalt be taken by eminent domain,tire Mortgagee
<br />- - isempoweredto mtiect andreeeive ati compensation which may be paid far any property taken or for damages to property
<br />_ 'not taken; and ~fartgagee shall apply such compensation, at it option, either to a reduction of the indebtedness secured
<br />- hereby or to repair and resEare the propeity so damaged.
<br />_ -. - 8. Performance by Mortgagee. Mortgagee may, but steal: have no obligation, to do any act which the Mortgagor
<br />- - -has agreed but faits-to do; and 3ortgagee may also da any act it deems necessary to protect the lien hereof. Mortgagor
<br />agrees to repay, upotidemand; any sums sb expendedby the blorigagee for tkte above purposes, and any-sores so expended
<br />- by":the.MOrtgagee sltall.be added to the indebtedness secured hereby and become subject to the lien hereof. Mortgagee
<br />_ -:shalt notincur~any personal dfa3ility" because of anything it may do or omit to do hereemder.
<br />- - - 9. Default; Assignment of Renfis, Time is of the Essence hereof, sad upon Mortgagor's default in any coveoaa#
<br />_ aragiaement of this Mortgage, including covenants to.pay when due the sums secured by this Mortgage, the Mortgagee shall
<br />be:entitled, at its. sole option_ and without notice, to declare all sums secured 6y this Mortgage to be immediately due and
<br />- payable and may commence foreelo_=ore of this Mortgage by judiciaE proceedings; and, provided further, that upon sorb -
<br />- ~ default the Mortgagee,.or a receiver appointed by a court, may at its optlon and without regard to the adequacy of the
<br />- - - secirity, enter upon.and take possession of the Property and collect the rents, issues and profits therefrom and apply them
<br />- _ - HrsE #o the cast of collection and operation of the Property and then upon #ha indebtedness secumd by this Mortgagee;
<br />_. -- - said rents, issues and ga6ts being assigned to the .4lartgagee as further security for the payment of the indebtedrtcsa
<br />,. secured 4ereby- -
<br />_- - - .lU. Transfer of Property. tf all or any part of the Properly is sold or transferred wiWout the express written eoa-
<br />sent o€ the Mortgagee, Mortgagee may at its sole option, declare elf sums secured by this Mortgage to be immediately due
<br />- - - and payable. - -
<br />11. >~!a*re Pdvanres. >.tpon . of Marigagar, Ma:tgag~ may u,n.,~ - ,,, anal and f lure advances to
<br />Mortgagee. $ueh advances, with interest thereon, shall be secured by this Mortgage when evidenced by promissory orates
<br />stai5ng that said notes are secured hereby. At no time shall the principal amount of the indebtedness secured by this
<br />Mortgage, not including sums advanced to protect the security of thLs Mortgage, exceed Lhe original Note.
<br />12. Miscellaneous Provisions.
<br />(a) An"y forebearance in exercising any right or remedy snaEl not be a waiver thereof.
<br />- - (b) -All remedies provided herein are distiact and cumulative to any other right afforded 6y taw or equity,
<br />and may be exercised roncurrently, independently or successively.
<br />(c) The rnvenanfs and agreements contained herein shalt tsird, and the rights inure to, the respective
<br />successors and assigns of Lhe Mortgagor and the Aortgagee"
<br />(d) Ail covenants and agreemeats of the Mortgagor am joint and several.
<br />{e) The headings of the paragraphs of this Mortgage are for convenience only and shall not be used to inter-
<br />pret or define the provisions hereof.
<br />13. Release. Upon payment of all sums secured 6y this tiSortgagc, Mongagee ,hall discharge this Mortgage and
<br />Mall execute and deEiver a satisYactorv release themre far.
<br />IN WITNESS WHSR&QP, Mortgagor has executed this Mortgage en tteel8tll da} of c ~-
<br />- . ,SLSIV ..
<br />--- -- __ ..~ _~._ ~~6T~.J yt/ _
<br />- -~~~ - __ j - - _.- anrmWer
<br />eonnwrr
<br />- Stale of Nebraska, H&11 ^-----_--_-. County ss:
<br />On.this ~tLi- day of July________, 19 _$Q, before me, the undersigned, a Notary Public
<br />duty commissioned and uuslified for said county, personals} came _.~rb'3'_.$t_Bravn and y~j~_T„ _
<br />~~n ----..-~-------------- .• to me know.^. to ne the
<br />identical person(s) whose name(s) are subscribed la the foregoing instrument and acknowledged the execution thereof
<br />- to be "bpi r voluntary act and need.
<br />Witness m hand and notarial seal at Grand Island
<br />Y " - _ __ --____ in said county, the
<br />-date aforesaid::
<br />MyGommissi ex~~f~pQTdRY^S4taofKebraske
<br />- ~ - -, 1ENNIFEEt J. D`FiAiiA
<br />-. _ L ,_ Ed4't`.drtat Eiep. tdaq.2i, F983
<br />
<br />'_i. -~: _- Sri -
<br />~ _
<br />i
<br />
<br />C s
<br />P
<br />~
<br />r~
<br />"
<br />Q ~ ,~I. L~J
<br />(L~~
<br />t~:~~m F' ~i ~
<br />aQ: m.~~
<br />
<br />. sxr
<br />_- t --r:
<br />~ ~ r
<br />4 ~ ~
<br />4Z 4
<br />e2~
<br />~ \ ' `. `1
<br />N9FxrY Publtc
<br />r!
<br />~l
<br />- (SPUCe netow 'Phis Line Reserved F'oz Lender and Recorder) ---
<br />~~'
<br />'~ .. fi
<br />S ,
<br />~~~ ~.
<br />A ~ 'C'.
<br />[a.
<br />!~ y..
<br />J
<br />_ Cc
<br />~-
<br />~,- ~9. ..
<br />~.~
<br />~ ,~
<br />
|