|
~°..'^'-
<br />}
<br />- 7. Condemnation. In the event the Property, or any part thereof, shaft be taken by eminent domain, the Mortgagee
<br />isempowered to collect and receive ail compensation which may be paid for any property taken or for damages to property
<br />- not to-ken, and Mortgagee shall appiy.suclt soinpens8tion, at its option, either to a reduction of thetndebtedaess secured-
<br />. hereby or to_ repair and. restore the progerty so damaged. - -
<br />C S. Performance by Mortgagee. Mortgagee. may, but shalt have no oblSgation, to do any aM which the Mortgagor
<br />- - -:Pies agreed but fails to da; and Mortgagee may also do any act it deems necessary to protect the lien hereof. Mortgagor -
<br />' - agrees: to repay, upon demand, any sums sa expended by the Mortgagee for the above purposes, and aaysums so-expended -
<br />:FrytlteMIortgagee shalll>e addedio thelndebtedness secured hereby and became subject to-the lien-hereof: Mortgagee
<br />--. - -. shall not incurany personal liability because oC anything it may do ar omitto do hereunder. - - -
<br />" ~ - - 9_, Irefault;.Assignment of Rents. Time is of the essence hereof, and upon Mortgagor's default in any coveoaat.-
<br />oragreemegt ofthis 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 by this Mortgage to be immediately due and
<br />-payable and may commence foreclosure of this Mortgage py judicial proceedings; and, provided further, that upon such
<br />" default-tire Mortgagee, ore receiver appointed by a court, may at its option and without regard to the adequacy at the
<br />_ - security, enter upon arid take possession of the Property and collect the rents, issues and profits therefrom and apply them
<br />_.: first to~-thecost of collection and operation oC the Property and then upon the indebtedness secured by this Mortgagee;- -
<br />.. k- .said rents, issues and profits being assigned to the Mortgagee as further security for the payment of the indebtedness
<br />-. ., secured hereby.
<br />- 10. -Transfer of Property. If all or any part of the Property is sold or transferred without the express vrrittea:con- -
<br />- ssnt of the-Mortgagee, Mortgagee may at its sole option, declare all sums secured by this Mortgage to be immediately due
<br />andpayahle.
<br />-- - - 11. Ftentre Rdvatcexs. Upon reg.resL of btartgsgor, Mortgagee may make additionat and future advances-to
<br />Mortgagee. Such advances, with interest thereon, shall be securnd by this Mortgage when evidenced bypromissory notes '
<br />stating hat said notes ace 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 this Mortgage, exceed the original P7ote.
<br />'~ 12. MiseeBaneous Provisions.
<br />(a) Any forebearance in exercising any right or remedy shall not be a waiver thereof.
<br />i ~~ (b)- A11 remedies provided herein are distinct and cumulative to any other right afforded by taw or equity,
<br />and maybe exercised concurrently, independently or successively.
<br />(c) The covenants and agreements contained herein shall bind, and the rights inure to, the respective
<br />successors and assigns of the Mortgagor and the Mortgagee.
<br />_ (d) All covenants and agreements of the Mortgagor are 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 />pref or define the provisions hereof.. -
<br />- '13, Release. Upon payment of all sums secured by thi. ht~rrtgage, 3Portgager• shall discharge this Mortgage and
<br />shall execute and delivers-satisfactory release therefor.
<br />_ ~, IN Wi'fNF:SS WkEfi$OF, Mortgagor t`as executed this Marl.gage on thx• 30~da~~ of ~t'= ,~. 19$~
<br />~_ r
<br />r-
<br />j, Ian sarrowe.
<br />-~
<br />l ~ w- ~~ c't `'-c~.-
<br />Vera A~ 7VoIan -----
<br />nortuwer
<br />- State of Nebraska, .".._ HAT•i,- -"_County ss
<br />On thi5_ 30eh day o[__-_$E_Qt~ObEr _,__,__,__, 1980___„ before me, the undersigned, a Notary Public
<br />- - dulycommissioned and qualified for .aid county. personally came-__.7~?._Wr 1QOldri cVid V2_T3 A. N01i?,rl~_
<br />' __ HL75},~3IPC3 dCl$ Wlf£ _.---------._..___..--,-_-., .....--_--.-_~-___-, to me known to be the
<br />identical person(s) whose namelsl are subscribed to the foregoing instntment and acknowledged the execution thereof
<br />tq tee __.__. k113 a[!d ~rvoluntary act and deed.
<br />Gr Is1 - -~
<br />- - - Witness Atty hand and notarial seal et T,~_ ,.__ ,_ __ .. _ / "._„_._ in said county, the
<br />- _ date afortsaid. - `~ ,ti J ~ --- -> .... -'? ,-'.
<br />my Commission expires: _ // i
<br />_ - _ _ _ _ _ - ___~ __. __ NutarY t'ublrc
<br />„~ - . ^^~ _ _ ~~~. aetou~ This Liar iteci•n<d YuY Len9et acid arrnrdcri .".__. _._-_._. _.___. __...... _._- ~,-
<br />S~S. ~. rA
<br />~~ ~ r
<br />`" ~ ~ ck \ ~
<br />U.i ~ ~
<br />Q t W,±t. 4
<br />~ ~ ~ a ..
<br />e`.` p. $S_j~41V1
<br />~ j ._
<br />~a~~t~r:,~~~q~f
<br />
|