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7. C~ondemeaEion: In the event the Property, or any part thereof, shah be taken by eminent domain, the Mortgagee
<br />is empowered to"onReetaad receive d[ compensation which may be paid Cor any property taken or for damages to property
<br />®ot taken,-and slid! apply each -compensation, at its option, either to a redaction of the indebtedness secured
<br />heretiy of to repiir and restore the property so damaged.
<br />r & ter[6raartee hq Moet~aeea. Mortgagee may, bat rlidt-have no obligation, to do any act which the Mortgagor
<br />hits" ageaed 6dis to' d6, atr8 Mortgagee aray also do-any act it deems aerxeeary to protect the Iten hereof. Mortpgor
<br />aglaaa iwrepeg, upon demand, anysums eo expended by the Mortgagee for the-above ;..,rF:: r, and any sums so expended
<br />bg-tke ~ort~ee shall tie waded to the indebtedness secured hereby sail become-sub)eet to the ikn hereof. Mortgagor
<br />tiN1 not !acre any peeeonri liabilitq because of angthing it may do or omit to do hereunder.
<br />9..llbfault; Aadlpnmettt o[ ~~ta. Time is of the essence hereof, and-upon Morfpgor'a default in any covenant
<br />or egreemeat of Rio Mortgage, inducting coceaants to pay when due-the stems secured by thts Mortgages the Mortpgee°shaU
<br />be entitled, ab its--sole option and without notice, to dedere all sums secured by this Mortgage.to be immediately due and
<br />payabb and-may commence toredasure o[ this Mortgage by judidd ProeesdlnBr; end, provided turtber, that upon such
<br />defaWt thg Mortgagee, or a receiver appointed by a court, may at its optbn and w[tbont regard to the adequary of the
<br />sscgsiEyrenker,upup sad twice possession of the Prooorty and collect the rents, issues sail profits therefrom and,apply them
<br />ti[et to the cost of collection cud operation of the Property and then upon the indebtedness secured by thb Mort~e;
<br />raid rents, issues and profits being aadgned to the Mortgagee as further security for the payment of the intkbtedneu
<br />secured hereby.
<br />!0. Trandae of Property. It all or any pelt of the Property is sold or traasterred without the express vrrttten con-
<br />sent of the Mortgagee, Mortgagee may at its sole option, dedsre all sums secured by this Mastgage to be immediately due
<br />and payable.
<br />11. Future Advances. Upon request of Mortgagor, Mortgagee may make additiond and future advmees to
<br />Mortgagor. Svdt advances, with interest thereon, shall be secured br this Mortgage when evidenced by promiffiory notes
<br />rtat[o! that add notes are sectued hereby. At no time shill the pNndpd amount of the inde6tedrtees secured~y thin
<br />MaAgtigr, not iadading sums advanced to protect the security o! this Mortgage, exceed the odgfwal Note.
<br />11:: Miseetiamoua Provisiaoa.
<br />(a) Any foeebearance in exerdaing any right or remedy shall not be a waitrerthereof.
<br />(b) A!1 remedies provided hereia are distinct and ctunulrtive to any other right afforded by lave or equity,
<br />and mqy be eaercised concurrently, independently or sncoessively.
<br />(c) The coveaanta and agreements contained herein shell bind, and the rights inure to, the respective
<br />succmaors and assigns of the Mortgagor and-the Mortgagee.
<br />(d) Ail covenants and agreements of the Mortgagor are joint and several.
<br />(e) The headings of the paragraphs of this Mortgage are for convenieace only and shall not be fwd to later-
<br />pret or define the provisions hereof.
<br />13. Ikeleaee. Upon payment oC all sums secured by this Mortgage, Mortgagee shill disdrarge this Mortgage and
<br />shalt arcecute and-diver a eat~[actory rdeasa therefor.
<br />IN ~ WHNRPfIR, Mortgagor has executed this Mortgage on We 4 day of llecember , i98 i
<br />&ate ~ Nebraska, Hall
<br />(Coz~a ae Howard? ~`
<br />---- -- - -- - -- - Eoocorar
<br />as:
<br />On t!>fa _~bt. day of ilaramh +~ 198,L_, before me, the undeeaigrted, a Notary PnbUc
<br />duly ooasmtaakonedand quailtied [or said county, personally came, Cora Mae Howard, A Single Person
<br /> to me known to be the
<br /> idantlcrll pwon{a) whose aaute(s) era subsgtbed to the taregoing inatrurnenk and aeknowlsdged the execulioa thereof
<br /> to be her- .voluntary act and deed.
<br /> YitltnMa ~! haml:and tl sealer. Grand Island Nebraska in said county, tM
<br /> dale tdbeaildd .
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