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<br /> li��l �� ���Al�l JL�� '�.J � ��� ��� �
<br /> . 17b04—The AugusUne Co., County Suppliea, Grand Island, Nebr. , . � �
<br /> Home Owners " Loan Corporation, named as Seller in said instrument.
<br /> 2. First party covenants and agrees hereby to pay immediately when due and payable all taxes,
<br /> assessments and other levies, charges and encumbrances,witr� interest,penalties and charges
<br /> thereon, now or hereafter l.evied, �,ssessed or imposed upan or against the real property de-
<br /> seribed in said instrument or which affect said instrument or the indebtedness thereby
<br /> evidenced and secured, together with all ground rents, water delivery costs and rates, assess-
<br /> ments on water or ditch stock or U�ater rights, and other costs or charges appurtenant to or
<br /> affecting said property or any part thereof or the full and proper use and en,joyment thereof,
<br /> whether or not the same constitute a lien or encumbrance upon said property; and when re-
<br /> quired by second party, first party shall immediately deliver to second party receipts or
<br /> cer�ificates, in form satisfactory to second party, evidencing such payment.First party eoa�e-
<br /> nants and agrees to provide, maintain in full force and effect, at his or their own expense,
<br /> and deliver promp�ly to second party sueh poliey or policies of fire and other insurance
<br /> as second party may from time �o time require, sat�sfactory in all respects to second party
<br /> and wi�h loss payable to �econd narty, upon tn.e buildings and improvements now situate or
<br /> hereaf�er constructed in or upnn said property.
<br /> First party shall also promptly assign and deliver to second party, if required by second
<br /> party, all other inguranc� policies nnw or hereafter issued which cover any of said property.
<br /> 3.Without limiting or impairing any of the covenants contained in paragraph 2 hereof and in
<br /> order to provide means for the due performance of certain of said co�enants by first party
<br /> and further security to second party, first party covenants and agrees hereby to remit to
<br /> second party, at the several times when #'irst party is obligated to make payments under said
<br /> instrument or at such other times as second party may require and in lieu of the payments
<br /> '�o be made by first party under paragraph of said instrument, sueh sumsas second party shall
<br /> from time to time estimate to be necessary to pay the following items, or such of them as
<br /> second party may, in its sole discretion and from time to time, elect to pay therefrom:
<br /> (a) Any of those taxes,assessments, ground rents,water delivery costs andrates, assessmen�s
<br /> on water or di�ch stock or water rights, levies, charges and encumbrances mentioned in par-
<br /> agraph 2 hereof which second party may in its sole discretion and fr�m t3.me to time designa�e;
<br /> (b) The premiums and costs of any fire and/or other insurance which first party is obligated
<br /> to maintain under the provisions of paragraph 2 hereof and which gecond party may in its sole
<br /> discretion and from time to time designate;and
<br /> ( c) Such other leviea, charges or items as second party, in its sole discretion and from time
<br /> to time, may d�em it necessary or proper to pay.
<br /> From and out of moneys received by second party pursuant to the provisions of this paragraph
<br /> 3, and/or from and out of any other moneys received by second part from first party or for
<br /> fir5� narty' s account, second party may at any time �ay the whole or any part of said items
<br /> or any of them, together with any penalties, interest and charges thsreon, or may retain any
<br /> of such moneys for payment of any of said items, or second party may at its sol.e option
<br /> apply at any �ime any or al1 of such moneys to the payment of any indebtedness owing to i�
<br /> from first party. Second party may eommin�le with its general funds any moneys received or
<br /> retained by it pursuant to the provisions of tnis paragraph 3 and shall not be liable for
<br /> the payment of any interest tnereon, nor shall second party incur any liability to first
<br /> party on aceount of sueh moneys, except to account for funds received and funds disbursed
<br /> under the terms of this paragraph �. Second party snall not be required to make any dis-
<br /> bursement f'rom said moneys to pay the premium or cost of any insurance which second party
<br /> does not itself place and obtain through its own facilitles.If tne moneys received or retained
<br /> . by second party pursuant to the provisions of this paragraph � are insufficient in amount to �
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