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by this Mortgage. Mortgagor shall pay to Mortgagee the amount of any deficiency between the actual ta$es, assess-
<br /> ments, insurance premiums and ground rents and the deposits hereunder within 10 days after demand is made upon
<br /> Mortgagor requesting payment thereof.
<br /> 8. R.epair, Maintenaace and Use. To promptly repair, restore or rebuild any buildings or improvements now or �
<br /> hereafter on the Property;to keep the Property in good condition and repair,without waste, and free from mechanic's or �
<br /> other liens not egpressly subordinated to the lien hereof; not to make, suffer or permit any nuisance to e�st, nor to..,�
<br /> diminish or impair the value of the Property by any act or omission to act; and to comply with a11 requirements of law „�
<br /> with respect to the Property.
<br /> �
<br /> 7. Condemnation. In the event the Property, or any part thereof, shall be taken by eminent domain, the �
<br /> Mortgagee is empowered to collect and receive all compensation which may be paid for any property taken or for dam- �
<br /> ages to property not taken, and Mortgagee shall apply such compensation, at its option, either to a reduction of the �
<br /> indebtedness secured hereby or to repair and restore the property so damaged.
<br /> 8. Perlormance by Mortgagee.Mortgagee may,but shail have no obliga.tion,to do any act which the Mortgagor
<br /> has agreed but fails to do, and Mortgagee may also do any act it deems necessary to protect the lien hereof. Mortgagor
<br /> agrees to repay, upon demand, any sums so egpended by the Mortgagee for the above purposes, and any sums so
<br /> egpended by the Mortgagee shall be added to the indebtedness secured hereby and become subject to the lien hereof.
<br /> Mortgagee shall not incur any personalliability because of anything it may do or omit to do hereunder.
<br /> 9. Deisult; Assignment o!Reats.Time is of the essence hereof, and upon Mortgagor's default in any covenent
<br /> or agreement of this Mortgage,including covenants to pay when due the sums secured by this Mortgage,the Mortgagee
<br /> sha11 be entitled, at its sole option and without notice, to declare all sums secured by this Mortgage to the immediately
<br /> due and payable and may commence foreclosure of this Mortgage by judicial proceedings; and, provided further, that
<br /> upon such default the Mortgagee, or a receiver appointed by a court, may at its option and without regard to the adequa-
<br /> cy of the security, enter upon and take possession of the Property and collect the rents, issues and profits therefrom and
<br /> apply them first to the cost of collection and operation of the Property and then upon the indebtedness secured by this
<br /> Mortgage; said rents, issues and profits being assigned to the Mortgagee as further security for the payment of the
<br /> indebtedness secured hereby.
<br /> 10. Transfer of Property. If all or any part of the Property is sold or transferred without the egpress written con-
<br /> sent of the Mortgagee, Mortgagee may at ita sole option, declare a11 suma aeoured by thia Mortgage to be immediately
<br /> due and payable.
<br /> li. Future Advances. Upon request of Mortgagor, Mortgagee may make additional and future advances to
<br /> Mortgagor.Such advances,with interest thereon,shall be 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 /> 12. Miscellaneoua Provisions.
<br /> (a) Any forebearance in exercising any right or remedy shall not be a waiver thereof.
<br /> (b) A:1 remedies provided herein are distinct and cumulative to any other right afforded by law or equity,
<br /> and may be exercised concurrently,independently or successively.
<br /> (c) The covenants and agreements contained herein shall bind, and the rights inure to, the respective suc-
<br /> cessors and assigns of the Mortgagor and the Mortgagee.
<br /> (d) All covenants and agreements of the Mortgagor are joint and several.
<br /> (e) The headings of the paragraphs of this Mortgage are for convenience only a,nd shall not be used to inter
<br /> pret or define the provisions hereof.
<br /> 13. R,elease. Upon payment of all sums secured by this Mortgage, Mortgagee shall discharge this Mortgage and
<br /> shall execute and deliver a satisfactory release therefor.
<br /> IN WTTNESS WHEREOF,Mortgagor has executed this Mortgage on he 2�tr$ay of March . is g8
<br /> Ro e r t am e�s � so�Wer
<br /> , � ,,c �'- l�j-� , �
<br /> ,
<br /> (J rii ce M. Ch�mbcrs) BonoWer
<br /> State of Nebraska., Na 1 1 County s:
<br /> On this__ 26th day of _ MdY'ch , 19,�_,before me,the undersi ed,a Not
<br /> � ary Public
<br /> duly commissioned and qualified for said county,personally came__R n ho r t .1 f
<br /> b.e-r-s—a-n.d
<br /> Janice M. Chambers husband and wife
<br /> ,to me�own to be the
<br /> identical person(s)whose name(s)are subscribed to the foregoing instrument and acl�owledged the execution thereof
<br /> to be_ t h P i r voluntary aet and deed.
<br /> Witness my hand and notarial seal at Grand I sl and Nebraska
<br /> date aforesaid. in said county,the
<br /> My Commission expires: ��T�'�f d N�q
<br /> oFVan��zHO�r ��'L�1�� '��-�� ��,G'� --�
<br /> �►c�.�.Na.s►�
<br /> Notary public
<br /> NBC 1066 8/95
<br /> �National Bank of Commerce Trust and Savings Association,Lincoln,Nebraska
<br />
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