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- ~ - ~ 7. Condemnation, Tn theevent t]te Property,or any part thereof, shall be taken by eminent domain,the Mortgagee
<br />- is empowered io colteet andteceive atf compensation which may be paid for any property taken or for damages to prrperty
<br />- -' - -not Laken; and Mortgagee shat! apply such rnmpensation, at ifs 6pGOn, either to a reduction of the indebtedness severed
<br />- hereby~ar to repair and restore the' property so damaged-~ - -
<br />_ ~ - S• Performance- by Mortgagee. Mortgagee may, but shat! have no obligation, to do any act whisk the Mortgagor
<br />.. _ -=has agreed but faits to do; and-Mertgagee may also do any aM it deems-necessary to protect the-lien hereof. Mortgagor
<br />- - - agrees to repay, upon demand; any sums soexpeaded by.tlte Mortgagee for the~above purposes, and any sums so eapended
<br />__ - by the Mortgagee shad beadded ro the indebtedness secured hereby-and bemme sutilect to the loan hereof. Mortgagee
<br />. :shalt eat incur any personal liab!lity.t>ecause of anything it may do or omit ~to do hereunder.
<br />- - 9, fkfatilt; Assignment af-Rests. 75nta is of the essence hereof, and upon Mortgagor's default in any covenant
<br />-. oiagreementoF W!s Mortgage, including covenants-to pay when due the sums secured by this Mortgage, the Mortgagee shall
<br />"~ tie entitled, at its sole option and without notice, to declare alt sums secured by this Mortgage to be kmmediately due and
<br />- ~ _-.payahie'and may commence foreclosure o[ this Mortgage by judicial proceedings; and, provided further, that upoa.svch
<br />_ 'defaultthe- Mortgagee, or a receiver appointed by a sour[, may at its option and without regard to the adequacy of the-
<br />- ... scantily, enter upon and take possesion of thePioperty- and collect the rents, issues and profile therefrom and-apply them
<br />- titer to the cost of col}ection and'opemtion of the -Property and then upon the indebtedness secured by this-Mortgagee;
<br />-- said rents;.-issues and-profits being assigned to Ehe Mortgagee as further security for tke payment o[ the indebtedness
<br />- -secured hereby.
<br />- 10. Transferof Ihoperty. ff alt or any partof the Property is sold or transferred witbout the express written con•
<br />sent af.Ure MaY.gagee; Mortgagee-map aF its sate option; declare all sumssecured by this Mortgage to be immediate!p due
<br />-. :and payable. ~ -
<br />11- Future Advances: Upon request of Mortgagor, Mortgagee may make addiLionai and future advances to
<br />- - Mortgagee. Such advances, with interest thereon, shat! be secured by this.Mortgage when evidenced,by promissory'notes
<br />_ _- _ stating,Ehat said. notes am secured hereby. AE no time shall the principal amount of the indebtedness secured by this
<br />Mortgage, not including sums advanced toprotect the security of this Alortgage, exceed the original Note.. '
<br />. -- - - ~ -12 Miscellaneous 1'rovisi®s. -
<br />- _ - - (a) Any: forebearance in exercising any right nr remedy shall not be a waiver thereof.
<br />(h) Aif remedies provided herein are distinct and cumulaiive to any other right afforded by law or equity,
<br />and map be exercised .^oncurently, independently or successively.
<br />- (c) The covenants and agreements contained heroin shall hind, and the rights inure Lo, the respective
<br />- - - svcressors and assigns of the Mortgagor and the Mortgagee.
<br />„ _ (d) All covenants and agreements ot'the Mortgagor are joint and.severai.
<br />{eJ The headings of the paragraphs of this Mortgage are for eonveniencr ant}~ and shalt not be used to inter-
<br />i - pret or define the provisions hereof.
<br />13. Release. Upon payment of alt sums secured by this Mortgage, 64nrtgegee ,hail discharge this Mortgage and
<br />_ she!! execute and deliver a sat!sfaclory.release therefor.
<br />- ~ IN `r'rITNES5 WHEREOF, Mortgagor has executed this Mortgage nn the 15thday of - August __, ly, 80_
<br />LC.er-~r`t'~' .e,.~ C.~-f`'. .._.G~ f~c'~-..~zxe-.-
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<br />- - State of Nebraska, Half,_-___.__---_--.-_.-,_County ss:
<br />_ ~ On this ~_ l.~Jt11 day ot_ St_._.__-___, 19 80__, before me, the undersigned, a Notary Public
<br />Delbert D. T~neyer and Lois A. 2Yteas-
<br />duty commiss!oced and Otralified for said county, pcrsonuliy came _.____ .. _ _ . _ .._ . -.__ _._.~___.
<br />' ~"+~'r Husband and Wife, and M9.chael L. Neubert and B;:ertda J Neubert, Husband and
<br />.-------.-----_~__ ._._...._. - _.__. __..__ .. - .. __... ". ._.__, to me known to he the
<br />:denkcs! person(s) whose name(s) ere subscribed to ihr foregoing instrument and arknou•ledged the execution thereof
<br />to be. ~~__.__~ voluntary net and deed.
<br />GYditd ZSZand___- ------..-'--_----_ in said county, the
<br />Witness m>° hand andnolarielseatat_~r_.,_.__.-______
<br />- ~r~~msa!d. ~^ ~ .
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