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=f r F 89--� 100034 . made shall be added to the principal sum owing on the above note, shall be secured hereby, and shall bear interest at the rate set forth in the said note, until paid. 'f. That the Mortgagor hereby assigns, transfers and sets over to the Mortgagee, to be applied toward the payment of the note and all sums secured hereby in rase of a default in the perfor- mance of any of the terms and conditions of this mortgage or the said note, all the rents. revenues and income to be derived from the mortgaged premises during such time as the mortgage in- debtedness shall remain unpaid, and the Mortgagee shall have power to appoint any agent or agents it may desire for the Put- pow of repairing said premises and of renting the same and col- lecting the rents, revenues and income, and It may pay out of said incomes all expenses of repairing said premises and necessary commissions and expenses incurred in renting and managing the same and of collecting rentals therefrom; the balance remaining. if any. to be applied toward the discharge of said mortgage indebtedness. S. That the Mortgagor will keep the improvements now ex- isting or hereafter erected on the mortgaged property, insured as may be required from time to time by the Mortgagee against loss by fire and other hazards, casualties and contingencies in such amounts and for such periods as may be required by the Mort- gagee and will pay promptly, when due, any premiums on such insurance provision for payment of which has not been made h-- elnbefore_ All insurance shall be carried in companies ap- proved by the Mortgagee and the policies and renewals thereof shall be held by the Mortgagee and have attached thereto loss payable clauses in favor of and in form acceptable to the Mor- tgagee. In event of loss Mortgagor will give Immediate notice by mail to the Mortgagee, who may make proof of loss if not made promptly by Mortgagor, and each insurance company concerned is. hereby authorized and directed to make payment for such loss directly to the Mortgagee instead of to the Mortgagor and the Mortgagee jointly, and the insurance proceeds. or any part thereof.,may be applied by the Mortgagee at its option either to the reduction of the indeb a#ess hereby secured or to the restoration or repair of the property damaged. In event of foreclosure of this mortgage or other transfer of title to the mor- tgaged property in extinguishment of the indebtedness secured hereby, all ri#r., title and interest of the Mortgagor in and to any insuranx policies then in force shah pm to the Rurchaser or grantee. 9. That as additional and ch , %M- tY for the payment of the note described, and all s W =ai due under this mortgage, the Mortgagor hereby to the Mortgagee an profits, revenues, royalties, rights and benefits accruing to the" Mortgagor under any and an on and gas leases on said premises, with the right to receive and receipt for •+he same and apply them to said indebtedness as well before as after default in the condi- tions of this mortgage, tad the Mortga•.goe may demand, sue for and recover =y such payments when due and payable, but shaR. not be required so to da. This assignmomt is. to terminate and become nun and void upm release of this mottgagc. In witness wbereoff the Mortgmgorts) have • hereunto set in presence of: 10. That the Mortgagor will keep the buildings upon said premises in good repair, and neither commit nor permit waste upon said land, nor suffer the said premises to be used for any unlawful purpose. 11. That if the premises, or any part thereof, be condemned under the power of eminent domain, ar acquired for a public use, the damages awarded,_ the proceeds for the taking of, or the consideration for such acquisition, to the extent of the fun amount of indebtedness upon this mortgage and the note which it is given to secure remaining unpaid, are hereby assigned by the Mortgagor to the Mortgagee, and shall be paid forthwith to said Mortgagee to be applied by the latter on account of the next maturing installments of such indebtedness. 12. The Mort gagor further agrees that should this mortgage and the note secured hereby not be eligible for insurance under the National Housing Act within days from the date hereof (written statement of any officer of the Department of Housing and Urban Development or authorized agent of the Secretary of Housing and Urban Development dated subsequent to the (lays' time from the date of this mortgage, declining to insure scid note nerd this mortgage, being deemed conclusive proof of such ineligibility), the Mor- tgagee or holder of the note may, at its option, decks an sums secured hereby immediately due and payable. 13. 7—hat if the .'.:C:.$:.da! f" a to ma—'re Any na_Yntentc of money when the same become due. or fails to conform to and comply with any of the conditions or agreements contained in this mortgage, or the note which it secures, then the entire prin- cipal sum and accrued interest shall at once become due and payable, at the election of the Mortgagee; and this mortgage may thereupon be foreclosed immediately for the whole of said money. interest, monthly payments, costs, ground rents, taxes and the cost of extending the abstract of title from the date of this loan to the time of commencing such foreclosure suit, and a reasonable attorney's fie. all of which shall be included in the decree of foreclosure; and the contract embodied in this mortgage and the note secured hereby, shan in all respects be governed, construed and adjudged by the laws of Nebraska, where the same is made. The covenants herein contained shall bind, and the benefits and advantages shall inure to, the respective heirs, executors, ad- ministrators, successors, and assigns of the parties hereto. Whenever used, the singular number shall include the plural, the plural the singular, and the use of any gender shall include all genders. The foregoing conditions, all and singular, being performed ac- cording to their natural and legal import, this conveyance shall be void and said premises released at the expense of the Mort- gagor; otherwise to be and remain in full force and effect. t iT hands he da!�94 year first above written. �t [Sad) ay E. Chesley [sea) [Seal] 4jVA es ey [sea) Page 3 of 4 t� _._ I .tow � i e. , .tow � i e.