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- - 7. Ccedemnatian. In the event the Property, oranc par, thereof, shall be taken by eminent domain, the Mortgagee
<br />- is empowered to collect and receive a(I compensation 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 induction of the indebtedness secured - -
<br />- -,. -. hereby or to repair and restore the property so damaged.
<br />- .- - ~ -- 8. Performance by Mortgagee. Mortgagee ntay, but shalt have no obligation, to do any act which We Morigsgar
<br />-- - - has agrreed but tails to do, and Mortgagee may also do any act it deem; necessary to protecE the lien hereof. Mortgagor - -
<br />- - - - ~ agrees Eq repay, upon demand, any sums so expended by the Mortgagee for the above purposes, and any sums so expended -
<br />~~ ~_- by the -Mortgagee shall be added to fire indebtedness secured hereby and become subject to the Lien hereof. Mortgagee -
<br />-- - - shall not incur.any personal.liability because of anythingit may do or omitto do hereunder.
<br />_ _ 9, Default; Assignment of Rents, Time-is of the essence hereof, and upon-Mottgagox's default in any covenant
<br />or agreemeet of this A3ortgage,including covenants to pay when due the sums secured by this Mortgpge, the Mortgagee shall
<br />- be entitled, at its sole option and without notice, to declare all sums secured by this Mortgage to be immediately dueaed
<br />payable and may commence foreclosure of-this Mortgage 6y judicial proceedings; and, provided ftrether, thatupoa such
<br />detanlt the Mortgagee, or a receiver appointed by a court, may at its option and without regard to the adequacy o[the
<br />" ~ security, enter neon and-take possession of the Property and collect the rents, issues and profits thereftom and apply them-
<br />" first to the cost of collection and operation of the Property and then upon the indebtedness secured by this Mortgagee;
<br />- - said rents, issues and profits being assigned to the Mortgagee as further security for the payment of the indebtedness
<br />- - secuind hereby. - -
<br />" - ~ - 10. Transfer of Property. IP all 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 al{ sums secured by this Mortgage to be immediately due _ -
<br />-- -- ~ and payable. - - - - - - - .
<br />-- .. -- - .:: Futum Advatte+~ Upon request of Mortgagor, Mortgagee may make additional and future advances to - - -
<br />~.. IM.artgegee. Such advances, with interest thereon,: shall be secured by this Mortgage when evideneed~by pmmissorynofes
<br />xtatiag that said notes are secured hereby, At no~ time shaf~l~ the principal amount of the indebtedness secured by. this ~,
<br />Mgrtgage, not including sums advanced to protect U[e security of this Mortgage, exceed the original NoEe.
<br />~' 12. MisceftaneousProvisiors
<br />(a) Any forebearance in exercising any. right or remedy shall not be'a waiver thereof.
<br />i (b) All remedies provided herein are distinct and cumulative to any other right afforded bylaw or equity,
<br />- and may be exercised roncurrently, independently or successively.
<br />(c) The covenanLS and agreements contained herein shall bind, and the rights inure to, the respective
<br />_ successors and assigns of the Mortgagor and the Mortgagee.
<br />- Id} All covenants and agreements of the Mortgagor are joint and several.
<br />te) The headings of the paragraphs o[ this Mortgage are for convenience only and shall not be used to inter-
<br />, - Bret or define the provisions hereof.
<br />i8. Release. Upon payment of all sums secun•d by P,hrs !vion gage, Mortgagee shag discharge this Mortgage and
<br />' shall exacute and delivers satisfactory release therefor.
<br />~. IN WITNESS VJFIF,RBOb': Moortgagar has executed this Mortgage on the ~~~ day of ~ ,'IE 80.
<br />a.
<br />~i~~we
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<br />1~iicTrey P _ aorra..er
<br />State nt Nebraska, .~.._~~~'_~-.--_._. ____Comrty ss:
<br />Un this _._3~Yh day of E3fl_b G'_r________., 19 _ 8Q. ,before me, the undersigned, a Notary Public
<br />
<br />Bute eamnusstoned and qualiFied far said county, pers John F
<br />onally carne ___..__,...._ ._ _. '_ Hods and Andre C.
<br />__.. _.,~ .... _ _.-_ Y _"-_I~~PPr
<br />_ F3tt8b,3i'rd dlld Wlfe to me known to 6e the
<br />identical person(s) whose name(s) are subscribed w the foregoing instrument and acknowledged the execution thereof
<br />to be _k?}@_.~ I'b~ roluntary act and deed.
<br />Witness my hand and notarial seal at __ ~~__
<br />date aforesaid. _~~'?~ 1s1
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<br />_ _~ in said county, the
<br />My Cotnm[sciun expirrs: ~~ ~,~ _ ~~ _
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<br />_ -~-~ ~~-1 (SVnce aet9N T6rr Lrr~r ttesererd r~.rr Lrnder xnd necoraer)
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