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<br /> 76 0053 ?
<br /> THIS MORTGAGE IS . ALSO TOfE AND CONTINUE TO BE, FROM TIME TO TIME, SECURITY FOR THE PAYMENT OF SUCH .
<br /> SUM OR SUMS. 'OF MONEY AS THE MORTGAGEE MAY FROM TIME TO TIME IN THE FUTURE ADVANCE TO THE MORTGAGOR, AND
<br /> • 1. EVIDENCED BY A SUPPLEMENTAL NOTE OR NOTES, BUT THE TOTAL INDEBTEDNESS SECURED BY THIS . MORTGAGE SHALL NOT ,
<br /> EXCEED ONE HUNDRED TWENTY (120) PER CENT OF THE AMOUNT NOW OWING, EXCEPT FOR ANY ADVANCES THAT MAY BE MADE :
<br /> TO PROTECT THE SECURITY IN ACCORDANCE WITH THE TERMS OF THIS MORTGAGE.
<br /> TITS MORTGAGOR FURTHER COVENANTS ANL) AGREES :
<br /> rThiheMtgngowl pr the indebtedness as hereinbetre prrnirrd .n •
<br /> i That the Mortgagor is: .t.he . owner +ail said property . in fee aimplr and has good -right mid . lawful authority to sell and
<br /> ,:narythe same and . haat the sumo is free Lanil clear or any lien or encumhrnnce ; and that Mortgagor will warrant rind defend the
<br /> title tosaidpremises against the claimsof all persons whumspever
<br /> To pas immediately when due and payable all general taxes, special taxes, special assaessnumts• water charges, sewer sere,
<br /> iwe charges, and ether taxes and charges against said .property , and all taxes levied on the debt secured hereby , and to furnish the
<br /> t' . • Mortgagee, upon request. with the original or duplicate receipts therefor. The Mortgagor agrees that there shall he added to
<br /> eL• meta monthly payment required hereunder or under the evidence of debt secured hereby an annum ' estimated by the Mortgagee!
<br /> to be suftitienf to enable the Mortgageetopat , as they become due, all taxes, assessments, and similar eharges upon the. ;ergs-
<br /> . lees subject thereto: any - deficiency because of the insufficiency of such nddninna l naymt•nts . shall be forthwith deposited by the
<br /> - 'Mortgagor with the Mortgageeupon demand by the .Mortgagee. Any default under this •pauagraph shall tie derated n default in
<br /> p- ayment of taxes, assessments, nr -simib; r charges required hereunder.
<br /> The Mortgagor . agrees . that. there shall also 'be added : s each monthly payment of principal and interest required here
<br /> .tinder an amount .estimated by 'the Mortgageetohe sutfarient to enable tubo 19.rgager to pay , ac it hecornes due. the insurances - ..
<br /> prarnium on any insurance :policy delivered to the Mortgagee, Any deficiency because of the: insufficiency of such additional pay -
<br /> means .shall be forthwith deposited by the . Mortgagor with . the Mortgng 'e upain demand by the Mrrtgagee. Any default under this
<br /> paragraph shall 1w deemed a riefmtii in the payment of insurance premiums. It ( bp pmicv or pe. t, a „ deposited are s.tch ri hose
<br /> owners or all risk polities, and the deposits are insufficient to pay the entire premium. the Mortgagee may apply the deposit to
<br /> pay premiums on risks required tobe insured by this mortgnge,
<br /> TJ Payments madv by the Mortgagor under the obese= paragraph* may. ria the r ptinn -nf . the 'tltatgagvr, hr- brill by it and
<br /> lvrnminglr•ri with other such funds or its own. funds for the payment of such items . and until so applied. such payments are brrrhv
<br /> pledged as security for the unpaid balanceof the mortgage indebtedness.
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<br /> - -To procure, deliver to. and maintain for the te ,ielit of tht . Mortgagee during use 1 ifr of, this- Marta lee -original policiesand
<br /> 'renewals thereof. delivered at -least ten days beforeruin• cxptration of any such policies. insuring vgainet fire and other Insurablr
<br /> hazards, casuailtiea, andcontingencies as the Mortgagee may require, in an amount equal to the- indebtedness secured by this
<br /> .Mortgage. and in companies acceptable to the Mortgagee, with loss payable douse in favor cif and in form acceptable to the Mortga- -
<br /> gee. In the event any policy :isnotrenewed on -or before ten slays of its expiration, the Mortga;xr tiny procure -insnranco on: the
<br /> improvements, pay the premium therefor, and such sum shall became humrdiau1v rine and papmhle with interest at the urate et
<br /> forth in said note until paid end sbaiii be seknrrd he This mortgage. Failure on the part of the Mortgagor b furnish such renewals
<br /> as an herein required or failure to pay any soros advanc=ed hereunder shall , at the option of the Mortertgee, cased cute a ek.0 lit
<br /> raider the terms ca this rnortt=nge:--Phe delivery: of such p theier, shall . in the event of default. eonslittne an assignment of the• -un-
<br /> earned :premium,
<br /> Any seen Werivod by the Mortgagee by reason in loss or damage insured againstmay heretained h•: the Mortgagee •
<br /> andapplied toward the payment or the debt hereby securer. : or rte the option of the Mortgagee, such sums either wheelie nr ir, •
<br /> part May may he paid over to the Mortgagor r<, he seed to repair such :*tailings :sr to build ' new buildings in their place or for mnp•
<br /> other purpose or o hjert satisfactory t:, .the Mortgagee 'stthnut affecting the lien „ n the mortgage for the loll arrnsunt s.:curial here- . .
<br /> by brin-r such payment. ever look plate .
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<br /> To promptly repair, . restore or rebuild any building; o, impure •, ernents a •w ,r hereafter or the premiseswhich may . he. .1i,
<br /> cranedamaged ot destroyed : :0 kern said premises in gx,ri condition and repairandfree from any mechanic 's Iwo or ;.eller lien or
<br /> enure of lien, not es'pres ly subordinated to the lien hereof: notTO sutler or permit any nniiwfut use of or any nuisance to exist on -
<br /> said pre,perty nor to permit waste on said premises, nor ti , . ,t any either act wherein the property hereby conveyed .shall . become
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<br /> Less valuable, nor todiminish or impair. its value by any act or ornission to ace, to a :;rtph w oh all requirnneon, of law with respect.
<br /> to the mortgaged premises and the use :hereof.
<br /> That should thy pn•miu:s or any pert thereof he taken -0r damaged he reason of any public improvement or condemnation
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<br /> proreeding: or under the right of eminent -domain, or in any other manner, the Morre:wec- shall he implied to all cr•mpensateons,
<br /> awards, and any other payment cr -mile; therefor, and hall he entitled . at its apt icm, to rnmmencr appear in and prosecale in its
<br /> ,nim name any action or proceeding. or to make any comp , ,mise or settlement in canoeet in with such takin; ts nems,.. . A , 1 such - .
<br /> compensation, awards- damages, right of :tenon anti preseeeis are hereby assigned to the Mortgagee. whomay.ay, afar deducting -
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<br /> therefrom all its evpemes. release any moneys so received by it orapply the same on any mdehterin ss. secured l'he Mott •
<br /> gager agrees to execute such further assignments of any compensation. awa:ris, damages enc! Tights of action, and prr,cs •d, as the
<br /> Mortgagee may require c
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<br /> Theile cotyle of failure to perform anyof the covenants herein , the Mortgagee may do on the Mortgagor's hehul ! evert-thing
<br /> so eovrnaniesd : . that the Mortgagee may clues cies any act it may diem necessary to protect the lien thet•eot; that the Mortgagor will -
<br /> repay. upon demand any moneys paidar disbursed by the :Mortgagee for any :.f the above purposes. and such :minces Together with
<br /> interest thereon at the rale provided in said note shnib become so much additional indc:business hereby secured and may hr in -
<br /> eluded- in any Jeerer foreclosing this mortgage and be paid out of the rents Cr proceeds of sale of saidpromisesif not otherwise
<br /> p- aid : that it shelf not be obligatory upon The Martcager to inquire into the validity ,.t any lien. eneumirancez, or chum in ad -
<br /> vancing :amara:= as above authnrirrd. hut noticing herein contained shedl he rvtnstruen as requiring the Mortgagee to advance vine
<br /> moneys for any such purpose nor to do any asst hr re iia. r; ;.-n:f that Mortgagee shall not incur any ; s•r<nnal liability because t •f Am= -
<br /> thing it may 40 -or nmit to do hereunder.
<br /> In the rwcrt of the default. by Mortgagor in the payment of any instalhn nt. as r.quir. i by the Neb. secured hereby ... or -
<br /> ln the performance of theobligationin this mortgage or inthe nate secured thereby. the Mortgagee shall tw ar. titied to declare the
<br /> debt secured hereby due and payable without notice. aid the Mortgagee shall he entitled at its option, without mistier. either by itself
<br /> A- T by a receiver tobe appointers by the courtthereof. and without regard to the adeKluacv o; r,ny security for the indebtedness ice -
<br /> . cured hereby. In renter -arson and take possession of the mortgaged premises ani to collect and -e e the rents, is-sites and profits
<br /> thereof, : end apply the stme: lesscasts :,f operation and oilert.rn. upon the indebtedness secured by this mortgage : saui rood.,
<br /> i•tsues and profits being hereby ass fined to the .Mortgagee as further cert+ nty for the payment of all indebtedness secured hereby . • • •
<br /> The Mortgagee .31ai1. :hm-t' the nerals to appoint any agent ren agents it may ncsirc• for Iho puri.re or regal tint s.e:d perm .
<br /> Wiest renting the sante rtllsrting the netts, revenues and incrme . and it may pay out of said income all cspe nsrs incurred in rent -
<br /> - ing - and managing the same and of calkie-tine the rentals then-from . The baloney •mairmg. if any . shall lie aptmed toward ter
<br /> discharge of the mnrtrage indebtedness. This assignment is m terminate and les ,:,, e null and "old upon release of this m, •rttwce.
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