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<br /> And the said first party hereby expressly covenants and agrees ; ( 1 ) To pay the said Note and interest
<br /> in full on the days the sant fl severally become due ; ( 2 ) Neither to commit nor permit waste on the said
<br /> i r premises, and to put and keep the said real estate, buildings, and itnprovetnents in good repair ; ( 3 ) To pay all
<br /> z ° i ' taxes - and assessments on the said real estate before delinquency and until the said Note is fully raid ; ( 4 ) To .
<br /> fr t ` . pay all taxes and assessments upon this Mortgage and . the debt secured thereby ; together with any other
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<br /> ? 0,. ',,,,..; .•',',... .,',i ' : taxes and assessments which. may. be levied or assessed ,.. under the Laws of Nebraska, against the said second •
<br /> si1 ; 'party, or the legal holder of the said Note on account of this indebtedness ; ( 5 ) To procure, keep in force, and
<br /> , 1'.: ;/'• `. ' ' deliver to the said second party policies of insurance against loss by fire and tornado, in stich amounts and
<br /> i&A, 1,•., a insurance companies as the said second party shall select, and as shall be at all times satisfactory to it, covering
<br /> '' the buildings .which now are or may hereafter be erected on the said premises, making the loss, if any, payable
<br /> • " to the said second . party or its assigns, and every such contract of insurance effected by the said parties of the
<br /> ` first rt or for their benefit shall be primarily subject to appropriation h the said second part for the pa
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<br /> meet of said indebtedness. Failure to so maintain such insurance shall authorize the second party, or its
<br /> r assigns, at its or their option , to effect and maintain such insuragqca at the expense of the said first party; and
<br /> the firstparty agrees to r jty all sums so paid . with interest athiliercent , and such sums so paid by the second
<br /> party , with interest at/ rcent, shall be secured by this Mortgage ;
<br /> ( 6 ) "Chat the said second party or the
<br /> ‘ j , . owner of the said Note may make such repairs, pay such taxes, and pay and remove any lien from the said
<br /> premises, upon failure of the first party to do so and all moneys so advanced with interest at the rate of 111
<br /> t percentper annum thereon, from date of payment, shall ' be repaid by the said first party, upon demand, and
<br /> shall be secured by this indenture.
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<br /> And it is furthermutually covenanted and agreed that in the event of the passage, after the date of this
<br /> Mortgage, of any law deducting any lien thereon front the value of land for the purpose of taxation, or changing
<br /> in any. way the laws now in force. for the taxation of mortgages or debts secured by mortgage or the manner
<br /> of the collection of any such taxes, so as to affect this Mortgage, the whole of the principal sum secured by this
<br /> Mortgage, together with the interest due thereon , shall , at the option of the said party of the second part,
<br /> h without notice, become immediately clue and payable.
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<br /> x And the said firstparty further agrees that if default be made in the payment of any of said interest , or
<br /> 1 any part thereof, or of any interest thereon , or of said Note, or any part thereof, or of any interest thereon ,
<br /> or inthe performance of any of the covenants herein contained. and such default continues for 10 days. then,
<br /> or at any time thereafter during the continuance of such default , the said Note, and moneys paid and advanced; .
<br /> • shall, at the o tion of the legal holder thereof, become at once due and collectible, and shall bear interest .
<br /> at the rate of rcetit per annum from the date of the exercise of the said option . and this indenture may be
<br /> k foreclosed to satisfy the amount of the debt, including advances, interest , and costs ; or the second party, its
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<br /> successors or assigns, may foreclose only as to the sum past due, without injury to this Mortgage, or the
<br /> displacement or impairment of the lien thereof.
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<br /> And in the event of the foreclosure of this Mortgage, the said first party covenants and agrees to pay the
<br /> cost of extending the abstract of title from the date of recording this Mortgage to the date of filing suit, and
<br /> upon failure of the said first party to do so, all money so advanced by the second party shall bear interest at the
<br /> rate of 1percent per annum thereon and shall be secured by this indenture.
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<br /> It is further mutually covenanted and agreed that the party of the second part. its successors and assigns,
<br /> shall at their option be subrogated to the lien , although released of record, of any prior encumbrance, mechanic's,
<br /> vendor's, or other lien on said premises paid out of the proceeds of the loan secured hereby .
<br /> And it is further agreed that in case of a default in the payment of the said principal Note or interest ,
<br /> or any pan thereof; as it shall mature, or in case of failure to keep or perform any of the coscnants or agreements
<br /> contained in this indenture, then the second party , its successors or assigns, shall be and is hereby authorized
<br /> and empowered to take immediate possession of the said premises hereby conveyed and all crops thereon ,
<br /> or to collect the rents therefrom , and apply the proceeds thereof to the payments of the debt hereby secured.
<br /> As additional and collateral security for the payment of the Note and indebtedness hereinbefore described,
<br /> • the said parties of the first part hereby assign to the said party of the second part , its successors or assigns. all
<br /> the profits, revenues, royalties, rights, and benefits accruing to them under all oil, gas . or mineral leases on said
<br /> premises. This assignment to terminate and become null and void upon the release of this Mortgage.
<br /> . And it is further agreed that in case any suit is begun to foreclose this indenture. the Court in which such .
<br /> action shall be brought, or any Judge of such Court, either in term time or in vacation , is hereby authorized ,
<br /> upon application ' therefor, to appoint a Receiver to take possession of the said premises and all crops thereon ,
<br /> or to collect the rents therefrom, and to do and perform such other acts as may be required by the order of
<br /> the Court making the appointment ; and the first party hereby consents to the appointment of a Receiver upon '
<br /> the production of this indenture, without other evidence.
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