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_ T, C,otSde!imti~tian. In theevent tiie Proterty, or any part thereof; shah be taken 1sy ~i,~minent damain,ti:e :rortgagee
<br />is' emaoweted t~GOilect and receive ail eampensat~o„ which may be paid fcr any property ta,dren or fcr damages to property
<br />not t3ke_n; and- Mortgagee shall apply suds compensation, at its option, either to a reduci.bon of the indebtedness secured
<br />xert+by or is repalr'ahd'~estore the property so damaged.
<br />8: P~fortnearx by Mextgagae. Mortgagee may, but shall bare no obiigatior., to do any act which the Mortgagor
<br />egraed but sgi~_to. do; and 'igrrrtgagze assay else do any act it deems necessary to gmteet the lien heaeof. Mortgagor
<br />- a Eo rePxy~ upon dennand; any sums so expended by the Iylortgagee for the above purposes, and any sums so expended
<br />6y Vie' Mor~agee shah be sdded to the indebtedness secured hereby and became subject to the lien hereof. Mortgagee
<br />sl+ail'n®t"uri=ne-any per~nai tiabitity because of anything it may do ar omit to do hereunder.
<br />S; Def~it Assignment of Rents: 'Time is of the essence hereof, and upon Mortgagrs's default in any covenant
<br />os agreertsent of t%tis Mortgage, itictuding covenants to pay when due the sums secured by this Mortgage, the Mortgagee shall
<br />be entitled; at its sole optioh and without notice, to declare sit sums securnd by this Mortgage to be immediately due and
<br />payable and cnay commence foreclosure of this Mortgage by judicial proceedings; and, provided Further, that upon such
<br />default-the Mortgagee, or a t+eCeiver appointed by a court, may at its option and without regazd to the adequacy of the
<br />security, enter upon and take possession of the Property and collect the rents, issues and profits therefrom sad apply them
<br />first to ttie cost of collection and opecatian of the Property and than upon the indebtedness secured by this Mortgagee;
<br />said Tents, Issues and profits betng assigned to the Mortgagee as further security far etae payment of the indebtedness
<br />secured hereby.
<br />IQ; Transfer of Property. If alt or any part of the Property is sold or transferred without the express written con-
<br />- sent of the Martgagee, Mortgagee may at its sole option, declare all sums secured by this Mortgage to be immediately due
<br />. and payable.
<br />ii: Palace Advances. Upon request of Mortgagor, Mortgagee may make additional and future advances to
<br />_ _ ilfortgagee, Such. advant~, with interest thereon, shall be secured 6y 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 />Mort~ge, not including sums advanced to pmtect the security of this Mortgage, exceed the original Note.
<br />i2. MveeUaneous Prorndons.
<br />{a} Any. forebearance in exercising any right or remedy shall not be a waiver thereof.
<br />(b} Ail remedies. provided herein are distinct and cumulative to any ether right afforded by law or equity,
<br />and inay be exercised =oncurrentty, independently or successively.
<br />(c) 'The covenants and agreements contained herein shall bind, and the rights inure Io, the respecti're
<br />succassorsand assigns of the &lortgagar and the Mortgagee.
<br />(d} AU covenantb and agreements of the Mortgagor are )uint and several.
<br />{e} The headings of the paragraphs of this RSortgage are far convenience antt and shah not be Hard to iatet-
<br />pret or define the provisions hercrof.
<br />13. Release, Upan payment of alt sums secun~d lay this Mortgage. Martgagee ~tiaii :'.:sc»»xrge :his l+iortgage and
<br />shaitexecute and deliver a satisfactory release therefor.
<br />IN WITN$SS WIiEREOF, Mortgagor has executed this Mortgage on the 13t. da)' of OC._-.. 15 81
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<br />r.+ -r ~ g-,..-a,-c-4~
<br />~z~~ iiorrower~
<br />- `t ~ _ s -- ~..
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<br />-~~y L~1~1f1t~ -- ~--~- Bouowet
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<br />sane of Neb:aslu~, `------___-... t:r:u,:t•= ::_
<br />an this ~~ __ day of ___._. ~''_~~ _. _.. _ . _, 19$1 _ , befon• me, the undersigned, a Notary Public
<br />duiv Commissioned and uusiifted for said county, peesanaJlg came _S~ BCeJ;tt AXIr~80[1 ~ ~~~~Y
<br />T,yiil~ ~1r Eft3$1?dtX1 a[id O~l'ife __, io lase known to Tae the
<br />idantiCat parson(s) whose nattie(s} are sub:eriixd to tine Cureguing instruru.nt and acknowledged the execution thereat
<br />to ba v~ dllt~ ~ _..__ voluntary sit and deed.
<br />Witness my hand and notarial scat at ._
<br />date_ td'osesgisl ,
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