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r T. ~. 6r the event the Property, or any part thereof, shall be taken by eminent domain, the Ma~agee b empowered to collect andreeeive ad oompensatiai whith may be pdd for any property taken or for damages to property not fates, sod Mortgagee shall apptp sneh cermpensiiioa, at its option, either to a reduction of the indebtedness secured hereby or to repair and restore the property so damased. 8. lariormanss hq Muagajee. Mortgagee zrfaY, but shah have na obtigatloa, to do any ect which the Mortgagor Nm a;teed but tails to do, sea Martgagee asay abo da any act it deems neceamey to protect the lien hereof: Mortg~Or areas to eepay, upon derrrrrd, ang sums ea expeadetl by the Mortgages for the above prrrpasea, and any anroaz ea expended the ~ rhafl be added t<r~ iadg6tfdnE`re e~urad ~eby a:.d Iso-~a.. suh~# to the ileh hereof. lie shad cot incur u.q penonai liab8ity because of anything it may do or omit to do harea~er. 9. fkfaedt; past of tCea#s. 15me b o[ the essence hereof, and upon Mortgagor's default in any covenant oraptameat o[ fhb Mort~ge; including covenants to pap when dne the sung scoured by this Mortgage, the Mortgagee shall be entitled, at its sole option and without notice; to dedare all sum secured bq this Mortp®e .to be im~ediatety due and pryatiie and map commence foredasitre of this Mortgage by Ndi~ PraD+; mod, provided further,-that apoo sorb defardt fix Mortgagee, ar a eeceiver appointed by a court, may at its option and without regard to the adaquscy of the seetvity, enter spa) sad take poaanston of the Propertty and collect floe rents, iaanae and profits therebom and apply them tip to the cost o[ edlectton and operation of the Property and then upon the indebted~sa secured bq fhb Mortggee; saM rants, ias~ sad profits-being a~gned to the Mortgagee as further security for the payment of the indebtedness secured herebq. 10. "ttarider of Property. If all or any part df the Property b sold or transferees without the express written con- meat of the Mortgagee, Mortgagee may at its sole option, declare all sums secured by this Mortgage to be immediately sae and payable. 11. PYedae Advances Upoo request o[ Mort~gor, Mortgagee may make additional and future advances to Mortgagor_ Such advances, with interest thereon, shall be secured by this Mortgage when evidenced bq promissory notes sta#ng that said notes are secured hereby. At no time shall the principal amount of the indebtedaere securedFy fhb Mort~ig~e, sot iadud"mg sums advanced to protect the security oP this Mortgage, exceed the odgimi Notre. 12. Miaedla~os Pmvbtons (a) Any [orebearance in exercising any right or remedy shall not be a waiver thereof. {b) Ail n:medics pravided hernin are distinct and cumulative to any other rigist afford by !aw or egnity, and may be eurcbed roncurrently; independently or successively. (c) The covenants and agree~ots contained herein shall bind, and the rights inure to, the respective successors and asvgoa o[ the Mortgagor and the Mortgagee. (d) All coreaants and agreements oP the Mortgagor are joint and seveta6 (e} 'ILe headings oP the pattgraphe of tbb Mortgage are for convenience only end shall not be used to inter- pret or deftu the provi~oas hereof. 18. Release. Upon payment of all sums secured by this Mortgage, Mortgagee shall discharge this Mortpge and shall execute and deliver a satisfactory release therefor. IN WITNSSS wHEREGF, Mortgagor bas executed this Mortgage on the ~3_ day.pf Feb _ ,19 $L. r, . / /` ' `~ /~ nt f ~~~ rCl`~'~ /7 (Gordon J. Scarborough} °'~' aoaowar Stale of Nebr~a, .Hall Qamty ss: pn }~ 13th d,y of February 19 81 before me, the undersigned, s Notary Public duty commbsioned aed-qualified for said county, personally came (:nrdnn i _ Scarborough to me known to be the identipl person(s) whose more(s) are subscribed to the foregoing instrument and acknowledged the execution ihereof to be Their vduntary act and deed. Witness my hand and notarial seat at Gragd Island Nebraska in sae.: county, Ure date atoeesdd. ~ i -!? _-.. 14y*Cummss(one:pares: ~teiR+Ra~gprrran.ati ~ I~~,~ r sli illtrti~aa-law0aes~iKO vv3~v _fi'93ii xoearrrew>< _ (ayoes Btlow T4b Live Roesrad For Lesiler ae~,"H.aeoMer) ~-- O S 01 ~! ;' l { 93.E i 8. ~ ) T A~ tale rNp aoa Yo-'Mt S5 f ~i' ': i;i +,i~ii~i~9 ~~~~ --..r. 4 6 7ti~Q ~ILV .o~~~ r r~ ~7 *~ 4,4\ ``C