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And the said first party hereby expressly covenants and agrees: •(1) To pay the said Note ;and interest;
<br />in full on the days the same shall severally become due; (2) Neither to commit nor permit waste on the said,
<br />premises, and,4o put and keep the said real estate, buildings, and improvements in good repair; (3) To pay allj
<br />taxes and assessments on the said real estate before delinquency and until the said Note is fully paid ;. (=1) To!
<br />pay -all taxes and assessments upon this Mortgage and the debt secured thereby, together with any other',
<br />taxes and assessments which may be levied or assessed, under the Laws of Nebraska, against the - said second
<br />party, or the legal holder of the said Note on'account of this indebtedness; .(5) To procure, keep in force', and'
<br />deliver to the' said second party policies of insurance against loss by fire and tornado, in such amounts and,
<br />insurance companies as the said second party shall select; and as shall beat all times satisfactory to it, covering!
<br />the buildings which now are or may hereafter be erected on the said premises, making the loss, if any, payable!
<br />to the said second party or its assigns, and every such contract of insurance effected by the said parties of the;
<br />first part or for their benefit shall be primarily subject to appropriation by the said second party for the pay-'
<br />ment of said indebtedness. Failure to so maintain such insurance shall authorize the second party, or its;
<br />assigns, at its or their option, to effect and maintain such insuranrt- at the expense of the said first party, and
<br />the first party agrees to regay all stuns so paid, with interest at 911rcent, and such sums so paid by the second!'
<br />party, with interest at 01ercent, shall be secured by this Mortgage;. (6) That the said second party or the'
<br />owner of the said Note .may make such repairs, pay such taxes, and pay and remove any lien from the said'
<br />premises, upon failure of the first party to do so and all moneys so advanced with interest at the rate of/, 11
<br />percent per annum thereon, from date of payment, shall' be repaid by the said first party, upon demand, andl
<br />shall be secured by this indenture.
<br />-And it .is further mutually covenanted and agreed that in the event of the passage, after the date of this
<br />Mortgage, of any law deducting any lien thereon from the value of land for the purpose of taxation, or changing
<br />in any way the laws now ;in force for the taxation of mortgages or debts secured by mortgage or the manner
<br />of the collection of any such taxes, so as to affect'this Mortgage, the whole of the principal sum secured by this
<br />Mortgage, together with: the interest due thereon, shall, at the option of the said part), of the second part;
<br />without notice, become immediately clue and payable. I
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<br />And the -said first party further agrees that if default be made in. the payment of any of said interest, or
<br />any part thereof, or of any interest thereon, 'or of said Note, or any part• thereof, or of any interest thercon
<br />or in the performance of any of the covenants herein contained, and such ,default continues for 10 (lays; then',
<br />or at any time thereafter during the continuance of such default, the said'Note, and moneys paid and advanced;
<br />shall, at the o +Tn of the legal holder thereof, become at once due and collectible, and shall bear interest
<br />at the rate of riercent per annum from the (late of the exercise of the said option, and this indenture ntay be
<br />foreclosed to'satisfy the amount of the debt, including advances, interest,. and costs; or the second party, its
<br />successors or` assigns, may foreclose only as to the sum past due, without injury to this Mortgage, or the
<br />displacement or impairment of the lien thereof.
<br />And in'the event of the foreclosure of this Mortgage, the said first party covenants and agrees to pay the
<br />cost of extending the abstract of title from the date of recording this Mortgage to the (late of filing suit, and
<br />upon failure of the said first party to do so, all money so advanced by the second party shall bear interest at the
<br />rate of /1)ercent per annum thereon and shall be secured by this indenture.
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<br />It is further mutually covenanted and agreed that the party of the second part, its successors and assigns;
<br />shall at their *option be subrogated to the lien,'although released of record, of any prior encumbrance, mechanic's;
<br />vendor's, or other lien on said premises paid out of the proceeds of the loan secured hereby.
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<br />And it is further agreed that in case of a default in the payment of the said principal Note or interest,
<br />or any part 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,
<br />or to collect the rents therefrom, and apply the proceeds thereof' to the payments of the debt hereby secured.
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<br />As additional and collateral security for the payment of the Note and indebtedness hereinbefore described,
<br />the said parties of the first part hereby assign to the said party of the second part, its successors or assigns, all
<br />the profits, revenues, royalties, rights, and benefits accruing to them under.all oil, gas, or mineral leases on sai(1
<br />premises. This assignment to terminate and become null and void upon the release ofthis Mortgage.
<br />And it is `further agreed that in case any suit is begun to foreclose this indenture, the Court in which such
<br />action shall he 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 thesaid premises and all crops thereon,
<br />or to collect the rents therefrom, and to do and perform such other acts 'as may be required by the order of
<br />the Court making the appointment; and the first party hereby consents to the appointment of a Receiver upon
<br />the production of this indenture, without other evidence.
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