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<br /> � 8- U0197 '7 � '
<br /> And the said first party heteby expcessty covenauts and agrees : ( 1 ) To pay the said Note and intcrest
<br /> � in full on the day� tRe same shall severally become due ; (2 } Neither to commit npr permit waste on the said
<br />� premises, and to put:and keep the said real estate, buildings, and improvements in g�otl repair ; ( 3 ) To pay alI �
<br /> taaces and assessrnents on the said seal estate before delinquency and unCil the said Noke is fiilly paid ; (4) To
<br /> pay ail taxes and assessments upon this Mortgage and the debt secnred thereby, together, with any �ther
<br /> taxes and assessments which may be levied or assessed, under the Laws of 1Vebr:iska, against the said secoiul
<br /> party, or the legal holder of the said Note on 1cco.unt �f this indebtedr�ess ; ( S ) To procure, keep in force, and
<br /> deli�er to fhe said second paRy policies of insurance against loss by fire and tornadu, in such amounts and
<br />± insuranCe companies as the saicl second party sl�ll select, and as sliall he at all times satisfactory ta it, covering
<br />� the buildin�s which n�w are or xnay hereafter be erected on the said prem9ses, makin� the loss, if any , payab'le
<br /> to the said second party or ita a;signs, and every such contract ot insurance et�ectr�d b�� the said parties of She
<br /> first parE ot for their benefit shall tx primarily subject to appmpeiation by the sai`i second party for the
<br /> payment of said indebtedness. Failure to so maintain such insurance shall apYhnrize Yhe second party, or ifs ° '
<br />�? assigns, at its or their option, tci effeet and maintain such insyr.�nee at the expense of the said fi-rst party, and
<br />, the first party agrees Y�T�pay all sums su paid, wiCh interest af`�Cpercent, azyd such sums so paid by the second
<br />�_ party, with interest ah�Z percent, shall bti secured by this Martgage ; (b) Tliat the said second party or Yhe
<br /> owner of the said Note may make such repairs, pay such taxes, and pay and remove any lien from the �
<br />` premises, upon faiiure oT the fisst party to do sq and ali moneys sa advanced wiYh interest at the rate of
<br /> percent per annum thereon, from date of payment, st�all be vepaid by the said first party, uPon demand, and
<br /> shall be secueed by this indencure.
<br /> And it is fucther mutually covcnanted and agreed that in the event of thc passagc, afCer the date of this
<br /> Mortga�e, of any law deducting any iien thereon from the value c�f land for Yhe �urpose of taxation, ar chan�in� _
<br /> in any way the laws now in iorce for Ehe taxacion of mortgages or debts secureil by m�rtgage ar the manner
<br /> of the collection of any sueh taxes, s� as to a4�ect this 1lortgage, the whole of Che principal sum seCured bv this
<br /> Mortga�e, toge4her w•ith the interest due thereon, shall, at tlie option of the said yai�� o[ the second part,
<br /> without noticr, become immediately dne and payable.
<br /> And the said hrst party furth¢r agrees that if defautt Ue R'�acle in the paymertt of any �f saici interKst, or
<br /> any part thereoC, or of any interesC thereon, or af said Nute, or any part Yhere�f, �r of any interest thereon,
<br /> or in the performance of any of the covenants herein co�itainecl, then, oc at any time thereafter during the
<br /> mntinuance of such default, the said Note, ancl moneys paid and adv�anced, shall, at option oi the legal
<br /> holdes thereof, Uecome at onm due ancl collectible, and shall beas interest at the rate of� pereent per annum
<br /> frbm khe date of defaulfi, and this indenture may t�e forecictsed to saYisfy Yhe amount of the debt, including
<br /> advanccs, interest, and costs ; or the second party, its suceessurs or assigns, may foreclose only as to Yhe sum
<br /> past due, without injury to this \4ortgage, or the displacement or impairment of the lien thereof. '`
<br /> And in the event of the foreclosure o[ this Diortgage, the said tirst party covenants and agrees to pay the `'
<br /> cost of extending the abstract of tide from the date of recording this Vlortgage to the date of filing suit, and �:
<br /> upon failur f the said first party to do so, all money so advanced by the second party shall bear interest at
<br /> the rate of �percent per annum thereon and shall be secured by this indenture.
<br /> It is further mutually covenanted and agreed that the party of the sernnd part, its successors and assigns,
<br /> shall at their option be subrogated to the lien, although released of record, of any prior encumbrance, mechanids,
<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 deEault in the payment of the said principal Note or interest.
<br /> or any par[ thereof, as it shall mature, or in case of failure to keep or perform any of the covenants 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, or
<br /> 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 payment of the Note and indebtedness hereinbefore describecl,
<br /> the said parties o£ the 6rst part hereby assign to the said party of the second part, its snccessors ar assigns, all
<br /> the profits, revenues, soyalties, 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 tl3at in case any suit is begun to foreclose this indenture, the Couct 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 colleet the rents therefrom, and to do and perform such other acts as may be required by the order of -. �—• �A . :
<br /> the Court makiag the appointment ; and the first party hereby consents to the appointment of a Receiver upon �� ;:
<br /> the production of this' indenture, withouf other evidence. J � ^� ,� :
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