|
7. Condemnation. In the event the Roperty, orany part thereof, shall 6e taken by eminent domain, the Mortgagee, -
<br />is empowerd to collect and receive all compensation which may be paid for any property taken or for damages to property. - ' -
<br />noC taken, and Mortgagee shall apply such compensation, at its option, either to a reduction of the indebtedness secured _ ~,
<br />hereby or to repair and restore the property so damaged. - -'
<br />8. Performance by Mortgagee. Mortgagee may, but shall have no obligation, to do any act which the Mortgagor
<br />has agreed-but fails to do, and Mortgagee may also do any act it deems necessary to protect the lien hereof. Mottgagot`
<br />agrees to repay, upon demand, any ~•ms so expended by the Mortgagee for the above purposes, end any sums so expanded" ,_
<br />by the Mortgagee shall be added to the indebtedness secured hereby and become subject to-Lhe lien hereof Mortgagee
<br />shalt not incur any personal liability because of anything it may do or omit to do hereunder. -
<br />9. Default; Assignment of Rents. Time is-of the essence hereof, and upon Mortgagor's default in any covenant ' - ~.
<br />or agreement 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 antler, to declare all sums secured 6y this Mortgage to be immediately due and' ~ -,
<br />paye6le and may commence foreclosure of Lhis Mortgage by judicial proceedings; end, provided tartlter, thatuptm~auch
<br />default the Mortgagee, or a receiver appointed by a court, may at its optidn and withoubregaid~to the: ddequaey~of,tire
<br />security, enter upon and flake possession of the Roperiy and collect the rents, issues ahd profits therefrom acrd apply them.
<br />first to the cost of collection and operation of the Property and then upon the indebtedness secured by this MortYa{ee;
<br />said rents, issues and profits being assigned to the Morigager as further security for the payment ofthe indebtetttieas
<br />secured hereby. - _ ,. -
<br />- 10. Transfer o[ Roperty. if all or any part of the Roperty is sold or transtened without Lhe tntprap vvritLea'oon•~
<br />_ _ sent of the Mortgagee, Mortgagee may at its sole~option, declare all sums secured by this Mortgage to be itnmedLteFy r6te-
<br />and payable.
<br />11. Future Advances. Upon request of Mortgagor, Mortgagee may make additional and ~.NturE advatto@a-toy I,
<br />_ Mortgagee. Such advances, with interest thereon, shall be secured~by thts Mortgage when eridenead-fly ptomiaeary~~t~rto-es
<br />stating that said notes are secured hereby. At no time shall the principal amounE of the indetitedneu tateared ~` NNa•
<br />Mortgage, not including sums advanced to protect the security of this Mortgegg, exceed Che original Note. '~
<br />' 12. Miscellaneous Provisions. _ _ i I,
<br />(a) Any forebearance in exercising arty right or retvedyshall not~~~be a waiver thereot.li ~ ~ - -
<br />(b) All remedies provided herein are distinct and cumulative to any other right afforded by law or oguity, -
<br />and may be exercised cmncurrently, independently or succrsaiveiv. - - -
<br />(cl The covenants and agreements contained herein xhall bind, and the rights inure to, the reapectlve
<br />successors and assigns of the Mortgagor and the Mortgagee.
<br />(dl :111 covenants and agreements oP the Mortgagor are joint and several.
<br />te) T'he headings of the paragraphs of this Mortgagrara for mncenience only and shat) not bo used to iater• _ - _
<br />prat ar define the provia7ons hereof. -
<br />13. Release. Upun payment of all sums secured by thu y!lortgagr. Mort auger shut) discharge this Mortgage and
<br />shall execute and deliver a satisfarwry release ther•t'nr.
<br />', 1N WITNESS WREREQF, Mortgagor has executed this 4fnrt~igr tin the hthday' of _ .._u~_-''~~~~.19 ~
<br />~~ aormwrr
<br />aorroaer
<br />State of Nebraska, Ehtll _.. - - - l'ounty ss:
<br />Un this _5th _._,~_ flay of ___-_- ... __.._~fyt• _ l9 8Q, ~ la•t'on• mr, the undrrvignrd, u NoNry Public
<br />duiv commissioned and atteti[itd for said counh', prrsunalh~ carne - -- - -.[arty jr.._ yxt31'$ .-. .._ _ ._-. -__,__
<br />-.___.._..__.....~_.,__~.____.~.__-°-._.__...-__ _- - ... ... .. ...... ...__, to the luxrwu to kir the
<br />identical parson(s) whose namr(sj xrr suhu•nhrd w the i'urrgomg uwtrument and tu'knowivdard the rxrruriuu Ihvrrof
<br />to ire __ Ifis .~......-. _ valuntan~ art and dyed.
<br />Wttnevia my hand and notarial seat at _._._. C~~.il~. .~~~,~ .~ ..._.. .... in sstd county. the
<br />~ `-:'
<br />- ~ - • ~ YutXlrr Pubiw
<br />I.w
<br />txV+ew aW,.w l'pu I~IeV amen rJ Y'~~t I.a,W r( anU avuu,Aer, ~ .. _ _ ... _.... _..
<br />9£ D# llE.~ 6 ~~S U8.
<br />e:=i~eag
<br />~nN
<br />..---9J{-aeiaet~
<br />4~6h~Q -'Q~
<br />nta: ua;a tNO sea
<br />•o~ ;u~tyrx)t~ se psr.t~lu3
<br />_.i /
<br />
|