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made shall be added to the principal sum owing on the above
<br />note, shall be secured hereby, and shall bear interest at the rate
<br />set forth in the said note, until paid.
<br />7. That the Mortgagor hereby assigns, transfers and sets over
<br />to the Mortgagee. to be applied toward the payment of the note
<br />and all sums secured hereby in case of a default in the perfor-
<br />mance of any of the terms and conditions of this mortgage or the
<br />said note. all the rents, revenues and income to be derived from
<br />UK mortgaged premises during such time as the mortgage in-
<br />debtedness shall remain unpaid, and the Mortgagee shall have
<br />Power to appoint any agent or agents it may desire for the pur-
<br />pose of repairing said premises and of renting the same and ccTt.-
<br />lecting the rents. revenues and income, and it may pay out of
<br />said incomes all expenses of rcp iHng said premises and necessary
<br />commissions and expenses incurs l W renting and managing the
<br />same and of collecting rentals tl*reftom; the balance remaining,
<br />if any. to be applied toward the discharge of. , said mortgage
<br />indebtedness.
<br />8- That the Mortgagor will keep the improvements nocu.ex. -• .
<br />isting or hereafter erected on the mortgaged property, inpgWL. as
<br />may be required from time to time by the Mortgagee sgairrst loss
<br />by fire and other hazards, casualties and contfngeacies in such
<br />amounts and for such periods as may be requireed- by the Mort-
<br />gagee and will pay promptly, when due, any premiums on such
<br />insurance provision for payment of, which his-nnt been made
<br />hereinbefore. All insurance shall- be-carded itr. mdtpanies ap.
<br />Proved by the Mortgagee and the,' olicies and; renewals thereof
<br />shall be held by t#te Mortgagee and -have attaclted thereto.loss
<br />payable clauses•lp,, fuvor of stud in form acceptable to the Mor-
<br />t: xe give immediate notice by
<br />mail to the Mortgager,.,who may make proof of loss if not iaade
<br />promptly by Mortgagor. and each insurance company concerned
<br />is hereby authorized -and directed to make payment for such loss
<br />directly to the Mortgagee instead of to the Mortgagor and the
<br />Mortgagee jointly, and the insurance proceeds, or any part
<br />thereof, may be applied by the Mortgagee at its option either to
<br />the reduction of the indebtedness hereby secured or to the
<br />restoration or repair of the property damaged. In event of
<br />foreclosure of this mortgage or other transfer of title to the mor-
<br />tgaged property in extinguishment of the indebtedness secured
<br />hereby,. all right. title and interest of the Mortgagor in and x6 .
<br />any ia$tir=ce policies then in fora shall pass to the purchaser air
<br />grantee:
<br />9. Them as additional and collateral security for the payment
<br />Of the note described. i all sums to become due under this
<br />mortgage, the Mortgagor as4w to the Mortgagee all
<br />profits, revenues. royaitiea, rights am$ benefits accruing to the
<br />Mortgagor under any and all oil and gas leases on said premises.
<br />with the right to receive and receipt for the same and apply them
<br />to said indebtedness as well before as after default in the condi.
<br />tions of the mortgage. and the Mortgagee may demand, sue: foe
<br />and reran, any such payments wh�ar due and payable, but rims
<br />not be requited ao to do. This assiViinent is to terminate and
<br />become null and void upon release of this mortgage.
<br />is rrlt"W Wiereef the Mortgagors) ha ve hereunto set
<br />in presence on
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<br />10. That the Mortgagor will keep the buildings upon said
<br />premises in good repair, and neither commit nor permit waste
<br />upon said land, nor suffer the said premises to be used for any
<br />unlawful purpose.
<br />11. That if the premises, or any part thereof, be condemned
<br />under the power of eminent domain, or acquired for a public
<br />use,. the damages awarded, the proceeds for the taking of, or the
<br />consideration for such acquisition, to the extent of the full
<br />account of indebtedness upon this mortgage and the note which it
<br />is given to secure remaining unpaid, are hereby assigned by the
<br />11 artgagor to the Mortgagee, and shall be paid forthwith to said
<br />"Wgagee to be applied by the latter on account of the next
<br />wing installments of such indebtedness.
<br />12- The Moitrgor further agrees that should this mortgage
<br />and! the note secured hereby not be eligible for insurance under
<br />the•IHWonal Housing Act within days .
<br />f m the date hereof (writteo statement of. y offiK: of t ;e
<br />Department of Housing and Urban Develo.la cnt or authorized
<br />Agent of the Secretary of Housing and Urlint!1 Development dated
<br />subsequent to the days' time from the date
<br />of this mortgage, declining to, insure s$id note and this mortgage.
<br />being deemed conclusive proof pt, s&A' Laoligibility), the Mor-
<br />tgagee or holder of the notes Uyi:`utt:lis:aptioa, declare all sums
<br />secured hereby immediately , due, pad:. uayuble:
<br />13. That if the Mortgagor hells tu- ita- ke. any payments of
<br />money when the same become due. or fails to conform to and
<br />comply with any of the conditions or asrcemci nts contained in
<br />this mortgage, or the note which it secures. then the entire prin-
<br />cipal sum and accrued interest shall at once become due and
<br />payable. at the election of the Mortgagee; and this mortgage may
<br />thereupon be foreclosed immediately for the whole of said
<br />money, interest, monthly payments, costs, ground rents. taxes
<br />and the cost of extending the abstract of title from the date of
<br />this loan to the time of commencing such foreclosure suit, and a
<br />reasonable attorney's fee, all of which shall be included in the
<br />decree of foreclosure; and the contract embodied in this mortg age
<br />and Me note secured hereby, shall in all respects be governed,
<br />cors=ed and adjudged by the laws of Nebraska, where the same
<br />is mode. "
<br />The covenants herein contained shall bind, -attd the benefits
<br />and advantages shall inure to, the respective heirs, executors, ad-
<br />minittraors. successors, and assigns of the panes hereto.
<br />Whenever used, the .singular number shall include the plural, the
<br />Plural the singular, acrd the use of any gender shall include all
<br />genders. . .
<br />The foregoing conditions, an and singular, being performed ac-
<br />cording to their natural and legal import, this conveyance shall
<br />be void and said premises released at the expense of the Mort-
<br />gagor; otherwise to- be and remain in full force and effect.
<br />their 11 hand(s) the day and year fast above written.
<br />Ronald A. tiagemiMer [Sall
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<br />Chery48g:emiistr
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