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<br /> 7_��. 000408
<br /> And the said first party hereUy expressly covenants and agrees : ( 1 ) To pay the said Note and interest
<br /> in full on the days the same shall severally become due ; (2) Neither to commit no; permit waste on the said
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<br /> premises, and to put and keep the said 7ea1 estate, buildings, and improvemenu in, good repair ; ( 3) To pa.y all �
<br /> taxes and assessments on the said real estate 6efo�e delinquency and until the said Note is fully paid ; (4) 3'0
<br /> pay a11 ta�ces and asscssments upon this Mortgage and the debt secured thereby, together with any other
<br /> taxes and assessments which may be tevied or assessed, under the Laws of Nebraska, against the said second
<br />, party, or the legal holder of the said Note on acwunt of this indebtedness ; (5 ) To procure, keep in force, and � ` '';
<br /> deliver to the said second party policies of insurance against loss by fire and tornado, in sxch amounts and
<br /> insuraace 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 thc
<br /> first part or for their benefit shall be primarily subject to appropriation by the said second party for the
<br /> papment of said indebtedness. Failure to so maintain such insurance shall authorize the second party, or its ;; :
<br /> assigns, at its or their option, to effect and maintain such insurance at the expense of the said Srst party, and
<br /> ihe first party agrees to repay all sums so paid, with interest at 11 percrnt, and such sums so paid by the second "'
<br /> party, with interest at 11 percent, shall be secured by this Mortgage ; (6) That the said second party or the
<br /> owner of the said Note may make such repairs, pay such taxes, and pa} 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 11
<br /> percent per annum thercon, from datc of payment, shall be repaid by the said first party, upon demand, and
<br /> shall be secured by this indenture.
<br /> And it is further mutually covenanted and agreed that in the event of tlie passage, after the date of this
<br /> Mortgage, of any law deducting any tien thereon frorti tlie 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 Uy mortgage or the manner
<br /> of the collection of any such taxes, so as to af�ect this D4ortgage, the whole of the principal sum secured by this
<br /> Mortgage, togeEher with the interest due thercon, shall, at the option of the said party of the second part,
<br /> without notice, become immediately due and payable. ; .
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<br /> And the said first party further agrees that if default be made in the payment of any of said interest, or
<br /> any part thereof, or of any interest thereon, or of said Note, or any part thereof, or of any interest thereon,
<br /> or in the performance of any of the covenants herein contained, then, or at any time thereafter during the
<br /> continuance of such default, the said Note, and moneys paid and advanced, shall, at the option of the legal
<br /> holder thereof, become at once due and collectible, and shall bear interest at the rate of 11 percent per annum ;, s �•;�
<br /> from the date of default, and this indenture may be foreclosed to satisfy the amount of the debt, including
<br /> advances, interest, and costs ; or the second party, its successors or assigns, may foredose only as to the sum ;,;
<br /> past due, without injury to this Mortgage, or the displacement or itnpairment of the lien thereof.
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<br /> And in ffie event of the foredosure of this Niortgage, the said first party covenants and agrees to pay the ;�,
<br /> cost of extending the aUstract of title from the date of rewrding this Mortgage to the date of filing suit, and
<br /> upon failure of the said first party to do so, all money so advanced Uy the second party shall bear interest ai
<br /> the rate of 11 percent per annum thereon and shall be secured by this indenture.
<br /> It is further mutually wvenanted and agreed that the party of the semnd part, its successors and assigns,
<br /> slaall at their option be subrogated to the lien, although released of record, of auy 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 part thereof, as it shall mature, or in case of failure to keep or perform any of the covenants or agreements
<br /> conqined 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, or
<br /> to collect the rents therefrom, and apply the proceeds thereof to the payments of the deUt hereby secured.
<br /> As additional and collateral security for 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 teases on said
<br /> premises. This assignment to terminate and become null and void upon the retease of this l�iortgage.
<br /> And it is furtfier agreecl that in case any suit is Uegun to foreclose this indenture, the Court in which such
<br /> action ' shaU be brought, or any Judge of such Conrt, 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 ali 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 -,..�- :�� r �- z
<br /> the Court making the appointment ; and the first party hereby consrnts to the appoinunent of a Receiver upon ; s
<br /> the prodnction of tl�is indentuie, without other evidence. � � ''
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