|
7. Coadamnatbn. In the event the Property, or any goat thereat, shall be taken by eminent domain, the Mortgagee
<br />is empowered to collect and receive all compensation xhich may be paid for any property taken or for damages to graperky
<br />not taken, and Mortgapee shah apply such compensation, at ifs option, either to a reductdon of the indebtedness secured
<br />hereby ~ to celieir sad restore the property so damaged.
<br />S, PerPt!nrauct by Mmt~ee. Moxtyegee dray, but shall have no obligation, to do any act which the Mart~gor
<br />has- a-but fails Lo da, and Mortgagee may ateo do any set i4 deems neoesea:y to protect the Lien hereof. Mortgagor
<br />agaaxa to EePay~ open demand; arty sums so ezpended by the Iitortgagee for the above purposes, and arty sum so expended
<br />by the shall be xdr~d to the indebtedness secured hereby and beeome subject to the lien hereof. Maat~gbe
<br />cot irr..:.r a-n-r pexnizai :ra;~4ts`y pause csf ar~ahi~ of ~ ~ car o,°,dt to dz, her.
<br />9. Defanit; Assignment of Rants. Tiara b of the essence hereof, and upon Mortgagor's dcGalt in any covenant
<br />or agres~nt of thL Mortgage, -ncludiog covenants to pay when due the sum secarred by this Mortjjaae, the Mokt~oe shall
<br />be entitled, at its sole tertian and withoat notice, to declare ail sums secured by this Mort~ge.ro be immediately-due trod
<br />payabk and may commence foreclosure of this Mortgage by judicial proceedings; and, provided fa:thee, dratupon such
<br />dsfaalt the Mortgagee, or a receiver appointed by a court, may at its option and wlthoat regard to-the adequacy of the
<br />security, enter np~ sad take possession of 2be Property and collect the rests, lasses and profits therefrom-and apply them
<br />Sot ko the east of colhction and operation of the Property and then upon-the indebtedness secured.bq this Mortgafgee;
<br />sah! rents, and proSfa beiag assigtxd to the Mortgagee as turtlrer secturity for the psyment of the fadebtedness
<br />secured 'by.
<br />10. Teander of Property. it sIl or any Bart of the Property is sold or transferred without the express written con-
<br />ant of the Mortgagee, Mortgagee may aB its sofa option, declare alt sums secured bg this Mortgage to be immediately dae
<br />and payable.
<br />11. Future Advances. Upon request of Mortgagor, Mortgagee may make additional and future advances W
<br />Mortgagor. 3acd advances, with interest thereon, shall be secured by this Mortgage when evidenced by promWory notes
<br />stating that said notes are secured hereby. At no time she!! the principal amount of the indebtedness aecnre-d'~y tbia
<br />Mortptge, not including sums advanced to protect the security of this Mortgage, ezceed the original Note.
<br />12. Misceltaneoos Provisions.
<br />,~ _4
<br />(a) Any torebearance in exercising any fight or remedy shall not be a waiver thereof.
<br />(b} Aii remedies provided herein are distinct and cumulative to any othee tight afforded by law or equity,
<br />and may be exercised concurrenUy,independently or successively.
<br />(c} The covenants and agreements caatained herein shad bind, sod the tights inure ko, the reapsetive
<br />successors and assigns of rite Mortgagor and the Mortgagee.
<br />(d} Ali covenants and agreements of the Mortgagor are joint and several
<br />(ey The headings of the paragraphs of this Mort jage are for convenience oNy and shat! not be used to int~r-
<br />pret or deSne the provisiaro hereof.
<br />13. Release. Upon payment of aU sums secured by this Mortgage, Mortgagee shall discharge this Mortgage and
<br />~aii ezecnte and deliver a salisf~tory release therefor.
<br />IN WITNESS WHEREOF, Mortgagcr has executed this Mortgage on the _~ dap of a__„~__,19 f31
<br />Pioneer Investments, A Partnership, d/bJa
<br />Pioneer Estates
<br />State of Nebraska,
<br />Lo„~~ t.v~V~at°WMa;{~ , ~~ BoQO.mr
<br />-County ss:
<br />On tiffs 12 day of February , i9 F3L, befog me, the undersigned, a Notary Pnbiic
<br />duty commiasi~ed and qualified for said county, personally came
<br />to me known to be the
<br />identical person(s) whose name{s} are subscribed to the foregoing instrument and acknowledged the execution tbereoY
<br />to be voluntary act and deed.
<br />Wltsesa my 6aad and notarial seat at ,~=ranri t c7 nr,~! p- trF in said county, the
<br />date aforesaid.
<br />A4yComeo9a8ionexPixea: .iutaatRabwsr-- ~ 4~' ;:--~-~',t''~.ir~"~~-
<br />NoYry PuLric
<br />t•1/ ~Yaaaa. t~ i~
<br />- - (sW~C naps 'R4I,6x Raaezrad Yw Lender and Raootder)
<br />
<br />S ;,~' i.3
<br />_ ~#
<br />- ~
<br />-
<br />..
<br />.
<br />~ ~
<br />~, ~ ~
<br /> 4 ~ ~_ L
<br />c.; ~ z .ri. es
<br /> x
<br />
<br /> aipc
<br />am rr
<br />a
<br />bid t
<br />~
<br />~
<br />....
<br />Q
<br />4
<br />rV
<br />W
<br />4.1..
<br />~~
<br />~'c
<br />.'w~l ~
<br />e. _ 5v
<br />i"s i..
<br />=} tea
<br />i ~
<br />\i~`
<br />~~
<br />~` \ ~ a
<br />~~~ ,\
<br />t~J `h~.
<br />1.
<br />. ~,'`
<br />_\
<br />
|