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7. Conder~atian. In the ~grtt the Property , ar any part thereof. shah ize taken by Eminent domain, the Mortgagee
<br />~ewered to tv!}eet'andY2eeivt act ca;Itper~a whitl; ;nay ~ ~ d far any prager4y taken ar for damages to property
<br />~t taken,-and Mortgsgee'sltati apply such tampensatian, at its option, either to a reduction of the indebtedne~ secured
<br />herelry'or to repair a3ad restore -the prapertp sa damaged:
<br />B. Performance tsg ~ Mortgagee may. but shall have no obtigatian, to do any act which the Mortgagor
<br />~' tias agt¢ed trot falls to do, aad Mortgagee tray ~ do arty act it deems n to
<br />agrties'thr regayt,-upon demand; any sums so expended try the Info ' for the above Meet the lien hereof. Mortgagor
<br />ngeSee purposes, and any sums ao expended
<br />bY` fire. Llbrlgagee shall-be added W the indebtedness secured: hereby and 6ernme subject to the Lien hereof. Mortgagee.
<br />©rrt inenr any personal iiabilitp bemuse of anything it may do ar omit to do hereunder.
<br />S, Default; Assignmetrl of Rents. TSme is of the essence hereof, and upon Mortgagor's default in any covenant
<br />oragreemtertt of this Mort~ge, inc-udingcovenants to pay when due the sums secured by this Mortgage; the Mortgagee shall
<br />be eni3tled, at-its sate option aad without notice, to declare all sums secured by this Mortgage to be immediately due and
<br />payable and may commence foreclosure of this Mortgage by judirlal proceedings; and, provided further, that upon such
<br />_ default the Mortgagee, or a receiver agpointed by a court, may at its option and without regard to the adequacy of the
<br />sectuity, enter npan and take possession of-the Property and collect the rents, issues and profits therefrom and applq them
<br />firitt to the cost aP collection and operatson of-the Property and-then upon the indebtedness secured by this Mortgagee;
<br />said nents;.iasues and profits being assigned to the Mortgagee as further security for the paytrrerit of the-indebtedness
<br />secared'heieby.
<br />- iR Tr~rsfer of Property, if all or any part aP the Property is sold or transferred without the express written eon-
<br />- sent-of the Mortgagee, Mortgagee may at its sole option, declare all sums secured by this Mortgage to be immediately due
<br />and payable.
<br />II. Palate Advances. Upon request of Mortgagor, Mortgagee may make additional and future advances to
<br />Mortgagee. Such advances, with interest thereon, shall ~ secured by this Mortgage when evidenced by promissory notes
<br />stating. that said notes are 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 Note.
<br />I2. Miscettaneous Provisions.
<br />(aj Any forettearance in exercising any right or remedy shall not be a waiver thereof.
<br />(bJ Ail: remedies provided herein are distinct and cumulative to any other right afforded by law or equity,
<br />and may be exercised soncurrentty, independently ar successively.
<br />fej The covenants and agreements contained herein shall bind, and the rights inure to, the respective
<br />suceessois and assigns of the Mortgagor and the Mortgagee.
<br />(dj All covenants and agreements of the Mortgagor are joint and several.
<br />(e) The headings of the paragraphs rat this Mortgage are for convenience only and shall not 6e used to inter-
<br />pret or define Eire provisions hereof.
<br />13. Reieaaa. Upon payment of atf sum, secured by tht, ~iortkage. Mortgagee shall discharge this Mortgage and
<br />shalt execute and deliver a satisfactory release therefor.
<br />IN WITNESS WHEREOF', Mortgagor has execuct•d chi, Mortgagr E,n ihyr~4tflda~ oC _ __,At1 USt , 19 $i
<br />i`I
<br />u:, ;° ~
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<br />aorr4wer
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<br />7ormver
<br />StatE Of Tiabraaka. -_-__~_~~_.___ .- _. __ -_ __ ..._ County ss:
<br />Un thia_.~ day of _ __._._._~~~~ _24 . , 19 81__, brfore tne, thr undersigned, a Notary Public
<br />dtdv cresgtti~iQntd and attaiified for said county. perwualty came _ __ George.. ~d i~r1QTi HOf14; r
<br />~ 3rld ~~ _,._, to me known to he the
<br />~_____ ----....._ . __ ._ d--- --- _ _- _ _ _
<br />~aAtlcrd peraou~a) whale name(sl are sut>ecribed sa tho• foregoing instrument and acknowiedgvd the execution thereof
<br />to ka _. ~ ._ _ voluntary act and drrd
<br />~ Grand Island
<br />notarial seal at .-_-- - ._ _.._ .. _ - .. __._..__.. __ __ ._ _. m said county, the
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<br />~y' Caututssion a set: ~ i t !~ ~t ~ F
<br />M1e. ~~.~
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<br />. ~.. ~ ~~' SS.~tc-~rt .._. . . __. . _...._.__. _ .. . ._.._ _..
<br />"°'°°' ' uw 1'Ea:z t,:ne na.e.•e;; :" ~. i.ri,d+t nod Rseurdrrt
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<br />~_ ~ Wit( tom; Ei 'd. ~ -
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