|
by this Mortgage. Mortgagor shall pay to Mortgagee the amount ot any deliciency between the aotual taaes, asseas-
<br /> meats, insurance premiums and ground rents and the deposits hereunder within 10 days alter demand is made upon
<br /> Mortgagor requesting payment thereoi. �
<br /> 8. Rspair,Maiatenance aad Use.To promptly repair,restore or rebuild aqy buildinga or fmprovements now or �
<br /> hereatter on the Property,to keep the Properly in good condition and repair,without waste,and lree from meohanio's or
<br /> other liens not egpressly subordinated to the lien hereof; not to make, sufier or permit any nuisanoe to e�st, nor to�
<br /> diminish or imp�air the value of the Property by any act or omission to aat; and to aomp�y with all requirements o!law�
<br /> with respeot to the Property.
<br /> . ,
<br /> 7. Coademnation. In the event the Property, or any part thereof, sha11 be taken by eminent domain, the
<br /> Mortga,gee is empowered to coAeot and receive all compensation whioh may be pa3d for aqy property taken or!or dam-�
<br /> ages to property not taken, and Mortgagee ahall apply such compensation, at its option, either to a reduotion of the
<br /> indebtedness secured hereby►or to repair and restore the property ao damaged.
<br /> 8. Periormsaoe by Mortgagee.Mortgagee may,but shall have no obligation,to do any act which the Mortgagor
<br /> has agreed but ia31s to do, and Mortgagee may also do aqy act it deems aeaessary to prntect the lien hereoi. Mortgagor
<br /> agrees to repay, upon demand, aay sums so eapeaded by the Mortgagee for the above purposes. and any sums so
<br /> espended by the Mortgagee aha11 be added to the iadebtednesa secured hereby and becsome subject to the lien hereoi.
<br /> Mortgagee sha11 aot iaour a�q peraonal liability because oi s,qything it may do or omit to do hereunder.
<br /> 9. Deisult;Asaignment of Rsats.Tlme is oi the essence hereof, aad upon Mortgagor's default in any covenent
<br /> or agreemeat oi this Mortgage,including oovenants to pay when due the sums aecz�ured by thfs Mortgage,the Mortga,gee
<br /> shall be entitled, at its aole option aad without notice,to declare a11 sums seoured by this Mortgage to the immediate�y
<br /> due aad payable and may oommence loreolosure oi this Mortgage by judioial prooeedings; and, provided further, that
<br /> upon suoh deisult the Mortgagee,or a reoeiver appointed by a court,may at its option and without regard to the adequar
<br /> oy of the seaurity,enter upon and take poasessioa of the Property and collect the rents,iasues and proflts therelrom and
<br /> app�y them grat to the cost oi collection and operation ot the Properiy 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 oi the
<br /> iadebtedaess seoured hereby.
<br /> 10. Transier oi Property.Ii all or any part oi the Properiy is sold or transferred without the espress written con-
<br /> sent of the Mortgagee, Mortgsgee may at ita sole option, deolare all sums seoured by thia Mortgage to be immediately
<br /> due and payable.
<br /> 11. Fntnre Advaaces. Upon request of Mortgagor, Mortgagee may make additional and future advanoes to
<br /> Mortgagor.Suoh advanoes,with interest thereon,sha11 be secured by this Mortgage when evidenaed by pmmissory notes
<br /> stating that said notes are seoured hereby. At no time sha11 the principal amount oi the indebtedness seaured by this
<br /> Mortgage,not includiag sums advanced to protect the aecurity of this Mortgage,esceed the original Note.
<br /> 12. Miscellaaeous Provisions.
<br /> (a) _Any lorebearance_in esercising any right or remedy shall aot be a waiver_t_hereof. __ __
<br /> (b) All remedies provided hereia are distinot and cumulative to any other right aitorded by law or equity,
<br /> and may be egerciaed ooncurrently,independeatly or successively.
<br /> (o) The oovenants and agreementa contained herein shall bind, and the rights inure to,the respeotive suo-
<br /> oessors and assigns of the Mortgagor and the Mortgagee.
<br /> (d) All covenaats and agreementa of the Mortgagor are joint and several.
<br /> (e) The headings or the paragraphs oi thia Mortgage are for oonvenience only and shall not be used to inLer
<br /> pret or define the provisions hereoi.
<br /> 13. Rslease. Upon payment of all sums secured by this Mortgage,Mortgagee shall disoharge this Mortgage and
<br /> shall ezecute and deliver a eatisfaotory release therefor.
<br /> IN Wl'rNE88 WI�REOF,Mortgagor has�eauted this Mortgage on 7th 18�,�.
<br /> (Thomas J. Barnett) ��r
<br /> ( Lorna K . Barnett) � J
<br /> _ -- _ sorrower
<br /> State o!Nebraska, H a 11 County ss:
<br /> On this 7th day oi A w^il . 19 98 -belore me,the underaigned,a Notary Public
<br /> duly commissioned aad qualitied!or sa3d aounty,peraonally came T h n m a c .1_ R a r n at+ a n ri
<br /> I nrna K _ R�rnett, husband and wife .tomeimoWntobetne
<br /> identical peraon(s)whose name(s)are subscribed to the foregoing inatrument aad acl�owledged the egecution thereof
<br /> to be th ei r voluntary act and deed.
<br /> Witneas my hand and notarial seal at G ra n r1 T cl a n ri� N a h ra c ir� in said county,the
<br /> date aforesaid. ' �
<br /> N�y Commission espires: GENERAI NOiARYSt�te o`Nebraska /
<br /> �'�� VICKY J.��0 199
<br /> My Comm.ExP• Notary Public
<br /> NBC 1066 8195
<br /> I O National Bank of Commerce Trust and Savings Associatlon.Uncoln.Nebreska ' '
<br />
|