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<br />7. Condemnation. In t}rn event*he Property, or any park tt~reof, shalt be taken 6y eminent domain, the Mortgagee
<br />is empowered to cotixct and receive ell compensation which may be paid Cot any property taken or for damages to property
<br />not taken, and Mortgagee sttali apply such rnmpensation, a[ ilea option, either to a reduction of the indebtedness secured
<br />-hereby or to repair and restore the property so damaged.
<br />8. Perfotmaaee by Mortgget. Mortgagee may, but shall have no obligation, to do any act which the Mortgagor
<br />has agor`ed but faits to do, and Mortgagee may also do any act it deems necessary to protect the lien hereof. Mortgagor
<br />agrees to repay, upon demand, arty sums so expended by the Mortgagee for the above purposes, and any sums so expended
<br />by,ttie-Mortgagee shalt be added to the indebtedness secured hereby and become subject to the lien hereof. Mortgagee
<br />shat'-not irecrir any persouai liability because of anything it may do or omit to do hereunder.
<br />9: tDefault; A~i,,.rr~.xtt of Rents. Time is of We essence hereof, and upon Mortgagor's default in any covenant
<br />oragreentenEOf this Mortgage, including covenants to pay when due the sums secured by this Mortgage, the Mortgagee steal!
<br />be eartitled, at its sole option and without notirn, Lo declare all sums secured by this Mortgage to be immediately due and
<br />payable and may commence foreelosure of this Mortgage 6y judicial proceedings; and, provided further, that upon such
<br />default the Mortgagee, or a receiver appointed by a court, may at its option and without regard to the adequacy of the
<br />security,-enter upon and take possession of the °roperty and rnltect the rents, issues and profits therefrom and apply them
<br />first to the coat of collection and operation of the Property and then upon the indebtedness secured by this Mortgagee;
<br />srld rents, issues and profits being assigned to the Mortgagee as further security for the payment of the indebtedness
<br />secured hereby.
<br />ltl. 14ansfer of Property. [f all or any part oP the Property is sold or transferred without the express written con-
<br />sent of the Mortgagee, Mortgagee may at its sole option, declare all sums secured by this Mortgage to be immediately due
<br />sad payable.
<br />11. Future Advances. Upon request of Mortgagnr, Mortgagee may make additional and tYtture advances to
<br />Mott~ee. Such advances, with interest thereon, shall fie 'secured by this Mortgage when evidenced by promisatrry aotea
<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 />~n
<br />(a} Any torebearance in exercising any right or remedy shall not be a waiver thereof.
<br />(b} qp remedies provided herein are distinct and cumulative 6o any other right afforded by law or equity,
<br />and may be exercised ^ancurrently, independently or successively.
<br />(e) The eovetumts snd 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 agreemenW of the Mortgagor arc joint and severe!.
<br />(e} The headings of the paragraphs of this Mortgage are for convenience only and shall not be used to inter-
<br />pret cr define the provisions hereof.
<br />13. Release. Upon payment of alt sums secured by thi+ titortgagc, Mortgagee .halt discharge this Mortgage and
<br />steal! execute and deliver a sstisfactory release therefor.
<br />I"t krlT'l:',.5.°, wlj~P~SCF, Mortgagor ha3 executed this iortkra.~n the # dal of _ '~~~._. i9 ~._.
<br />~. ~_~ ~~
<br />.s ~_ ;~,
<br />-- _ - --- _ - - ii~7tt'tiifi. ~'. J~Yii ~ - aoxrr.er
<br />t~ of Nebraska, _~.~~~ _ Hall _ _ (.owrt~ ,s:
<br />(Ar this._... Z~tfl __ day of _.__ _.... NOVHtIbC'P __ .., t9 81 __, bet'ora me, the undersigned, a Notary Puldic
<br />Fred M. JLtni~tt Itnd Ilonrta ?~. Jttnisch,
<br />dniv coaamisaionedsndvudified forsrid county, personall~• carne..___ __ ___ __ _ ___ ___ __ ._
<br />_- -- --
<br />luarbttftd axtd wife,
<br />_,.__.._._._.~. ~__._.~.____~._---__...._. . ___ . -_. _ _.. ....._ .. _ _. to me kttowp to be the
<br />identkal person{s} whose dame{s} are subacribad to the foregoing instrument and acknowledged the execution thereof
<br />to ba _~i~ '^~ h.~T __._ voluntary act and deed.
<br />Witaew my hand and notarlel seas at .._..._.... _.. C~.-~~~fld34~ ... ... ...... .. .. _-._ . in said county. the
<br />date aft~ra+iaid. .
<br /> Cotumisxion 11~ t
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