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1. Condemnation. In the event the Property. or anv part :hereof, ~haii ITf taken by eminent domain the Mortgagee
<br />is empowered to collect and receive all compensation which may I>p paid for any pmperty taken or for damages to property
<br />not taken, and 'Mortgagee shall apply such compensaGOrt. at its nption, either to a reduction of the indebtedness secured
<br />hereby or to repair and restore the property sp damaged.
<br />8. Per[ormance by Mortgagee. Mortgagee tray, b,ut shall have no obligation„ to do any act which the Mortgagor
<br />has agreed but fails- to do, and Mortgagee may also do any act. it deems nerxssarv to protect the lien hereof. Mortgagor
<br />agrees to repay, upon demand, any sums so expended by the Mortgagee for the above purposes, and any ''ems so expended
<br />by the Mortgagee shall be added to the indebtedness secured hereby and become subject to the lien hereof. Mortgagee
<br />shall not incur any personal liabitty because of anything it may do or omit to do hereunder.
<br />9. Default; Assignment of Rents. Time is of the essence hereof, and upon Mortgagor's default in any covenant
<br />or agreement of this Mortgage, including covenants to pay when due the sums secured by this Mortgage, the Mortgagee shall
<br />be entitled, at its sole option and 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 judicial proceedings; and, provided further, that upon sorb
<br />default the ~`^rtgagee, or a receiver appointed by a court, map at its option and without regard to the adequacy of the
<br />security, enter upon and take possession of the Property and collect the rents, issues and profits therefrom and apply them
<br />first to the cost of collection and operation of the Property and then upon the indebtedness secured by this Mortgagee;
<br />said rents, issues and profits being assigned to the Mortgagee as further security for the payment of the indebtedness
<br />secured hereby.
<br />20. Transfer of Property. if all or any part of the Property is sold or transferred without the express written con-
<br />sent of the Mortgagee, Mortgagee may at its sole ophort, declare all sums secured by this ,'Mortgage to be immediately due
<br />and payable.
<br />12. Future Advances. Upon request of Mortgagor, Mortgagee mar make additional and future advances to
<br />Mortgagee. Such advances, with interest thereon, shall he secured by Lhis Mortgage when evidenced by promissory noses
<br />stating that said notes are secured hereby. A[ no time ;hall [he 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 />12. Miscellaneous Provisions.
<br />(a) Any forebeatance in exercising any right or remedy shalt not be a waiver thereof.
<br />(b) All remedies provided herein are distinct and cumulative Lo any other right afforded by law or equity,
<br />and may be exercised _oncurrenily,independently or successively.
<br />(c) The covenants and agreements contained herein ,hat! bind, and the rights inure to, the respecf;ive
<br />successors and assigns of the Mortgagor and the Mortgagee.
<br />{d) All covenants and agreements of the Mortgagor an joint and several.
<br />{e) The' headings of the paragraphs of this Mortgage arc for eonsenience only and shalt not be usedao inter-
<br />pret oc define the provisions hereof.
<br />13. Release. Upon payment of all sums secured by this :Llortgage. Mortgagee shall discharge this Mortgage and
<br />shall execute and deliver a satisfactory release therefor.
<br />IN WITNESS WHEREOF, Mortgagor has executed Lhis M rtgage on the _14_ day of - ~C• ._, 19 81.
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<br />RathV oddard &r[rower
<br />SEPte of Nebraska, ~ Ha11 _- -._.,._ _ ._ _.... - . ..._ Gomtt.} ss:
<br />On this 14th day of ~• ___, 19. _ 81 be€ore me, the undersigned, a Notary Yubk+c
<br />duly commissioned and Qualified for said county. personally name ____ L~Vid .T_ SLOdd2Td.2I1C~ K2.t~-_
<br />Stoddard, Husband and Wife to roe known to be the
<br />-identical person(s) whose name(s) are subscribed to Lhe foregoing instrument and acknowledged the execution thereof
<br />~ ~ -his and her voluntary act and deed.
<br />C~and Island m said count
<br />WiWess my hand and notarial seal at _.-T_-__._-- ------_----...--- _ y, the
<br />date aforesaid. ~ n,. -,
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<br />My Commiss"on ex 're5•~~ -L, - '"' i //f~' N~
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<br />KApEN M. NIEOFEIT ~ ~~ ,tor euMlc
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