|
7. Condemnation In the event the Property, orany part thereof, shall be taken by eminent domain,the Mortgagee
<br />is empowered to collect and receive all rnmpensation which may be paid for any property taken or for damages to property
<br />not taken, and Mortgagee shall apply such compensation, at its option, either to a reduction of the indebtedness secured
<br />bereby or W repair and restore the property so damaged.
<br />8. Performance by Mortgagee. Mortgagee may, but shall have no obhga8on, to do any act which the Mortgagor
<br />Las agreed but Eails to do, and Mort~gee may also do any acs it deems necessary to protect the Iten bereof. Mortgagor
<br />ageres to repay, upon demand, any sums so expended 6y Ehe Mortgagee for the above pttrposea, and aay sums so expended
<br />by the Mortgagee shalt be added to the indebtedness secured hereby and become subject to the lien hereof. Mortgagee
<br />shill not incur any personal Uability because of anything it may do or omit to do hereunder.
<br />9. IlsfaWt; Aarugnment of Rents. 'ISme is of the essence hereof, and upon Mortgagor'e default in any covenmt
<br />oeagreement of [his Mortgage, induding covenants to pay when due the sums secured by Chic Mortgage, Utv Mortgagee.ehail
<br />be eotiGed, at its sde option and without notice, to dedare all sums secured by this Mortgage to be itnmedlately due and
<br />payable and may commence foreclosure of this Mortgage by judidal proceedings; nail, provided further, prat upon ersoh
<br />deLult tLe Mortgagee, or a receiver appointed by a court, may at its option and without regard to We adequary of fire
<br />security, eater upon and take possession of the Property and collect the rents, iuues and proRfs therefrom and apply them
<br />Ent to the cost of collection and oprretion of the Protwrty and then upon the indebtedness secured by thin Mortpgee;
<br />said rents, issues and profits being assigned to the Mortgagee as Nrther security for the payment of the indebtadneaa
<br />secured hereby.
<br />ld. 7Yanster of Property. If all or any part of the Property is so{d or transferred without the ezpsea written con-
<br />sent of Ute Mortgagee, Mortgagee may at ifs sde option, declare a}t sums secured by this Mortgage to be tmmedlKaly tt~
<br />and payable.
<br />11. Ftittnre Advances Upon request of Mortgagor, Mortgagee may make additional nail future adances W
<br />Mortgagee. Such advances, with interest thereon, shat{ be secured 6y this Mortgage when evidenced by promWory notes
<br />stallrtg that said notes are secured hereby. AL no time shall the principal amount of the indebtedness secured by tLis
<br />Mortgage, not induding sums advanced to protect the ,ecurity n( this Mortgage, exceed the original Note.
<br />12. Misoet4neous Provisiooe
<br />(al Any forebearance in exercising any right or remedy shall not be a waiver thereof.
<br />fb) All remedies provided herein are distinct and cumulative to any other right afforded by 4w oraqutty,
<br />and may be exercised ~oncurrenlly, independently or successively.
<br />(cj 'I7te mvenants and agreements convened herein shall hind, and the rights inure to, the nrspsetire
<br />sueceseors and assigns of tLe Mortgagor and the Mmtgager.
<br />(dl Ali covenants and agreements of the Mortgagor err rant and several.
<br />le) "Ih€ headings of the paragraphs of this Mortgatl« are fnr .-cmvenlencr unit' and shalt nut be used to inter-
<br />pret or define the prorisiana hhreoY.
<br />19. ReMaae. Upmt payment of al! sutras set•ured by Chia Mortgage. Mnrt g®gw :hall dtschargr this Mortgage and
<br />shag exekote and de#tvrr a satisfaxtorg eeleaw therefor.
<br />IN WITN668 WNEHEOY, Mortgagor ha} exaa•ua•d ihtn Mortgage .rat tN~ 5~? day uy..__~ , 19 80_..
<br />u~ z f.
<br />~,Ldit
<br />~ivttae ~7.'`bo txrt 4~~---isr,:r~.,.-.
<br />r
<br />• x.:
<br />Ik.miw<.
<br />RtWotNabrrka, ___._+._._--_.__ _. County t.
<br />lAf ibis _.._ `,ZtFL__._ !4y of _.. 14 8D , before me, the undresignrd, a Notary Public
<br />OWV a,mrdrutaned and utulifieA for said county, prrwnalh iwm« '11]U[ISas J. Doltnft aTtd KI].8t;30 A.
<br />.
<br />~~' tht~ anCl Wife to mr known w be the
<br />IdMltrai peRlmtLl whose naniepl are rubarriheA to the fnrrgnina niatrum«nt and acknuwlydgeA the rxecuuun thereof
<br />to br . _h~_ 871d_1'It[ - voituttary act and tLwd-
<br />Wtineaa my hard and ndtartd +sal at ... _ _I&ldttti. _ _ - ___-- to satd county. Chr
<br />d-te ~_; l
<br />axpues,~ ~ {,,~s _ ,~i`;_t~~-s-iF-ls~,.
<br />_"'-•~ - (Syaa'* 8>wluw fhu i.inr neNrvrtl (~~.i I.raar+ sup n...vtler) .. ... .. .. .. - .
<br />~S '~ eo j
<br />_ a
<br />
<br />G ~ ~
<br />~~
<br />~~ G- ~~ It~
<br />- Qi
<br />I' 4
<br />W
<br />~
<br />V ~t c t °-
<br />~ ttW
<br />~ ~
<br />~„a -,.
<br />r V
<br />to cti
<br />4
<br />G it.~ ~5
<br />d~
<br />
|