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<br />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 term and conditions of this mortgage or the
<br />said note, all the rents. revenues and income to be derived, from
<br />the mortgaged premises during such time as the mortgage in-
<br />debtedness shall remain unpaid, and the Mortgagee shalf 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 col-
<br />lecting the rents, revenues and income, and it may pay nett of
<br />said incomes all expenses of repairing said premises and necessary
<br />commissions and expenses incurred in renting and manager the
<br />same and of collecting rentals theraftom. the balance rcmrabAi4,
<br />if any, to be applied toward the discharge of said mortgage
<br />indebtedness.
<br />8. The the Mortgagor wilt kmp the improvements now, ex-
<br />isting or hereafter crated • eo. tbt t- mortgaged property, insured as
<br />may be required from. rye Cc, tie by the Mortgagee against loss
<br />by fire and other hazards,; casua des and contingencies in such
<br />amounts and for such periods as may be required by the Mort-
<br />gagm and will pay promptly, when due. any premiums on such
<br />insurance provision for payment of which has not been made
<br />hereinbefore. All insurance shall be carried in companies ap.
<br />Proved by the Mo t p,—e and the prl.1dea and rr,;. ,jai; t,,eT
<br />shall be held by the Mortgagee and have attached thereto loss
<br />payable clauses in favor of and in form acceptable to the Mor-
<br />tgagee. In event of loss Mortgagor will give immediate notice by
<br />mail to the Mortgagee. who may make proof of loss if not made
<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 to
<br />any insurance policies then In force shall pass to the purchaser or
<br />grantee. ,
<br />4-'That as additl0i d and collateral security for the payment
<br />of the gote described, and all,sums<to.become due under this
<br />mortgages. the Mortgagor hereby &WSW to the Mortgagee all
<br />proftts,. revenues. royalties, rights- and benefhs accruing to the
<br />Mortgagtrr tinder 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 this mortgage, and the Mortgagee may demand, sue for
<br />and recover any such payments when due and payable, but shall
<br />not be required so to do. This assignment is to terminate and
<br />become null and void upon release of this mortgage.
<br />In witaess whereof the Mortgagor(s) ha ve hereunto set
<br />In presence of:
<br />F
<br />10. That the Mortgagor will keep the buildings upon said
<br />Premises in good repair, and neither commit not 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 />amount of indebtedness upon this moriSage and the note which it
<br />is given to secure remaining unpaid, are hereby assigned by the
<br />Mortgagor to the Mortgagee, and shall be paid forthiuith to said
<br />Mortgagee to be applied by the latter on account of the next
<br />maturing installments of such indebtedness
<br />12. The Mortgagor further agrees that should this mortgage
<br />and the note secured hereby not be eligible for insurance under
<br />the National Housing Act within days
<br />Prom the date hereof (written statement of any officttc .of the
<br />Department of Housing and Urban Developmcat or authorized
<br />agent of the Secretary of Housing and Urban Dadapment dated
<br />subsequent to the days' dm6 from the date
<br />of this mortgage, declining to insure said note and this mortgage,
<br />being deemed conclusive proof of such kmiWbitityl, the Mor-
<br />tgagee or holder of the note may, at its evdc 1, declare all sums
<br />secured hereby immediately due and pay
<br />13. Th if the to Shiite any psvraeats of
<br />money when the same become due. or fails to oanfcrrxm to and
<br />comply with any of the conditions or agreements contained in
<br />this mortgage, or the note which it SWUM, then time 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 foralotare shit, 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 mortgage
<br />and the note soured hereby, shall in all respects W governed,
<br />construed and adjudged by the laws of Nebraska, wbem the same
<br />is made.
<br />The covenants herein contained shalli bind, and the benefits
<br />and advantages shall inure to, the respectii+e heirs, executors, ad-
<br />ministrators. successors. and assigns of the parties hereto.
<br />Whenever used, the singular number shall include the plural, the
<br />plural the singular, and the use of any gender shall include all
<br />genders.
<br />The foregoing conditions; all 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 fora and effect.
<br />theApq and year first above written.
<br />%y�/.�l.
<br />[Seal)
<br />I,Sea1�
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