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5.- The Mortgagor will pay all taxes'which.may be levied upon the Mortgagee's interest in said real estate and
<br />improvements, and 'which may be levied upon this mortgage or the debt secured hereby (but .only to the extent that
<br />such is not prohibited by law and only.to the extent that such will not make this loan usurious); but excluding any
<br />income tax, State or Federal, imposed on Mortgagee, and will file the official receipt showing such payment with -
<br />the Mortgagee. Upon violation of this undertaking, or if the Mortgagor is prohibited by any law now or hereafter
<br />existing from paying the whole or any portion of the aforesaid taxes, or upon the rendering of any court decree
<br />prohibiting the payment by the Mortgagor or any such taxes, or if such law or decree provides that any amount so
<br />paid by the Mortgagor shall be credited on the mortgage debt, the Mortgagee shall have the right to give ninety
<br />days' written notice .to the owner of the mortgaged premises, requiring the payment of the mortgage debt. If such
<br />notice be given, -the said debt shall become due, payable and collectible at the expiration of said ninety .days.
<br />6. That should he fail to pay any sum or keep any covenant provided for in this Mortgage, then the Mortga-
<br />gee, at its option, may pay or perform the same, and all expenditures so made shall be added to the principal sum
<br />owing on the above note, shall be secured hereby, and shall bear interest at the rate set forth in the said note,
<br />until paid.'
<br />7. That he hereby assigns, transfers and -sets over to the Mortgagee, to be applied -toward the payment of the"
<br />.note and all sums secured hereby in case of a default in the performance of any of the terms and conditions of this
<br />Mortgage or the, said note, all the rents, revenues and income to be derived from the mortgaged premises during
<br />such time as the mortgage indebtedness shall remain unpaid; and the Mortgagee shall have power to appoint any
<br />agent or agents it may desire. for the purpose of repairing said premises and of renting the same and collecting the.
<br />rents, 'revenues and income, and it may pay out of said incomes all expenses of repairing said premises and nec-
<br />essary commissions and expenses incurred in renting and managing the same and of collecting rentals therefrom;
<br />the balance remaining, if any, to be applied toward the discharge of said mortgage indebtedness.
<br />8. That he will keep the improvements now existing or hereafter erected on the mortgaged property, insured as
<br />may be required from time to time by the Mortgagee against loss by fire and other hazards, casualties and contin-
<br />gencies in such amounts and for such periods as may be required by the Mortgagee and will pay promptly, when
<br />due, any premiums on such insurance provision for payment of which has not been made hereinbefore. All insur-
<br />ance shall be carried in companies approved by the Mortgagee and the policies and. renewals thereof shall be held
<br />by the Mortgagee and have attached thereto" loss payable clauses in favor of and in form acceptable to the Mort-
<br />gagee. In event of loss Mortgagor will give immediate notice by mail to the Mortgagee, who may make proof of loss
<br />if not made promptly by Mortgagor, and' each insurance company concerned is hereby authorized and directed to
<br />make payment for such loss directly to the Mortgagee instead of to the Mortgagor and the Mortgagee jointly, and the
<br />insurance proceeds,•"or. any -part -thereof, may be applied by the Mortgagee at its option either to the reduction of
<br />the indebtedness-hereby`se'cured'orto the restoration or repair of the property damaged. In event of foreclosure of
<br />this mortgage or other transfer of title to the mortgaged property in extinguishment of the indebtedness' secured
<br />hereby, all right, title and;intere"st of the Mortgagor in and to any insurance policies then in force shall pass to the
<br />purchaser or grantee.
<br />9. That as-additionaland collateral security for the payment of the note described; and all sums to become
<br />.due under this mortgage, the Mortgagor hereby assigns to the Mortgagee all profits, revenues, royalties, rights and
<br />benefits accruing to the Mortgagor under any and all oil and gas leases on said premises, with the right to. receive
<br />and receipt for the same and apply them to said indebtedness as well before as after default in the conditions of
<br />this mortgage,' and the Mortgagee may demand, sue for and recover any such payments when due and payable, but
<br />shall not be required so to do. This assignment is to terminate and become null and void upon release of this
<br />mortgage.
<br />10. That the Mortgagor will keep the buildings upon said premises in good repair, and neither commit nor per-
<br />mit waste upon said land, nor suffer the said premises to be used for any unlawful purpose.
<br />11. That if the premises, or any part thereof, be condemned under the power of eminent domain, or acquired for
<br />a public use, the damages awarded, the proceeds for the taking of, or the consideration for such acquisition, to the
<br />extent of the full amount of indebtedness upon this mortgage and ,the note which it is given to secure remaining un-
<br />paid, are hereby assigned by the Mortgagor, to the Mortgagee, and .shall be paid forthwith to said Mortgagee to be .
<br />applied"by the latter on account of the next maturing installments of such indebtedness.
<br />12. The Mortgagor further agrees that should this mortgage and the note secured hereby not be eligible for in-
<br />surance under the National Housing Act within Six monthsfrom the date hereof (written statement of any officer
<br />of the Department of Housing and Urban Development or authorized agent of the Secretary of Housing and Urban
<br />Development dated subsequent to the time from the date of this mortgage, declining to insure said
<br />note and this mortgage, being deemed conclusive proof of such ineligibility), the Mortgagee or holder .of the note
<br />may, at its option, declare all sums secured hereby immediately due and payable.
<br />13. That if the Mortgagor fails to make any payments of money when the same become due, or fails to conform
<br />to and comply with any of the conditions or agreements contained in this mortgage, or. the note which it secures,
<br />then the entire principal sum and accrued interest shall at.once become due and payable, at the election of the
<br />Mortgagee; and this mortgage may thereupon be foreclosed immediately for the whole of said money, interest, monthly
<br />payments, costs, ground rents, taxes and the cost of extending the abstract of title from .the date of this loan to the
<br />time of commencing such foreclosure suit, and a reasonable attorney's fee, all of which shall be included in the
<br />decree of foreclosure; and the contract embodied in this mortgage and the note secured hereby, shall in all respects
<br />be governed, construed and adjudged by the laws of Nebraska, where the same is made.
<br />The covenants herein contained shall bind, and the benefits and advantages shall inure to, the respective heirs,
<br />executors, administrators, successors and assigns of the parties hereto. Whenever used, the singular number shall
<br />include the plural, the plural the singular, and the use of any gender shall be applicable to all genders.
<br />The. foregoing conditions, all and singular, being performed. according -to their natural and legal import, this
<br />conveyance shall be void and said premises released at the expense of the Mort gagor;`otherwise to be and remain
<br />in full force and effect.
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