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<br />5. The Mortgagor will pay all.taxes wh.ich 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 de.bt.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 ta�, 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 bf the aforesaid taxes, or upon the rendering of any court decree
<br />prohibiting -the payment by th ' e 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, tile 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 peiform the same, and all expenditures so made shall be added to the principal sum
<br />owing gn 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, tr.ansfers 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 anyof the terms and conditions of this
<br />Mortgage or the said note, all the rents, revenues and income to be derived from the mortgaged premise's during
<br />such time as the mortgage indebtedness shall remain unpaid; and the Mortgagee I shall have power to app ' oint any
<br />agent or ager�ts it may desire for the purpose of repairi ' ng said premises and of rie.nting-the same and collecting the
<br />rerits, revenues and income, and it may pay out of said incomes all e�penses,o,, �-epairing said premises and nec-
<br />essary commissions and expenses incurred . Jn renting and managing the same 2;1746 of collecting rentais therefrom;
<br />the balance remaining, if any, to be applied toward the discharge of said mortgagi! indebtedness.
<br />8. That he will keep the improvements �now existing or hereafter e'rected on�fii;! mortgaged property, insured is
<br />may be required from time to time by the Mortgagee against loss by fi.re and hazards, casualties and contin-
<br />gencies in such amounts and for such pqri6ds as may be required by, the Mo:1.1;agee and will pay promptly, when
<br />due, any premiums on such insurance provision for payment of which lias not i*leen made hereinbefore. All insur-
<br />ance shallbe carri�d in companies approved by the Mortgagee and the p6lici I es -and renewals thereof shall be held
<br />by the Mortg . btge6 and have attached thereto loss payable clauses in favor )f ind in form acceptable to the Mort-
<br />gagee. In event of loss Mortgagor will give immediate notice by mail to,,the Vorigagee, who may make proof of loss
<br />if not made,'promptly by Mortgagor, and each insurance company concen ed i.s hereby authorized ard directed to
<br />make payment for such loss directly to the Mortgagee instead of to the�hl o.!:gagor and the Mortgagee jointly, and the
<br />insurance proceeds, or any part thereof, may be applied b * the Mortgz'gee at its option eith'er to the reduction of
<br />y :1
<br />the indebtedness. hereby secured or to the restoration or repair of the p.-operty 4amaged. In event of foreclosure of
<br />this mortgage or other transfer of 'title to the mortgaged property in ei-dinguishment of the indebtedness secured
<br />hereby, all right, title and interest.of the Mortgagor in and to any insuarice policies-thbri in force shall pass to the
<br />purchaser or grantee.
<br />9. That as additional and collateral security for the payment of' the ncte 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 leas -:.s on said premises, with the right to receive
<br />and receipt for :tile same and apply them to said indebtedness as weA before as after default in the ' conditions of
<br />this mortgage, and the Mortgagee -may demand, sue for and recover any-,sucl. 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 />1.0. That'thP Mortgagor will keep tile buildings upon said premises in good repair, and neither commit nor per-
<br />mit waste upori said land, nor suffer the said premises to -be used for �:.ny unlawful purpose.
<br />11. That'i� the pr6mises, or any part thereof, be condemned undei tile 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 tile 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 sitch indebtedness.
<br />12. Th6.Mortgagor further agrees that should this mortgage and the note secured hereby not be eligible for in-
<br />surance und"e r' the National Housing Act within 6 months fro 'in the date hereof (written statement of any officer
<br />of the Depqrtment of Housing and Urban Development or authorized a 9ent of the Secretary of Housing and Urban.
<br />Development -dated subsequent to' tile time from the dat-e'-.6f 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 wheh..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 i ' hia enti!e principal sum and -accrued -,I I nterest shall at.once become ducand payable, at the clectiorLof the
<br />Mortgagee; a�nd this mortgage may thereupon be foreclosed immediately for the whole of said money, interest, monthly
<br />payme I nts, costs, ground rents, taxes and the cost of extending the abstract of title from the date of this loan to tile
<br />time of: commencing such foreclosure suit, and a.reasonable attortley's- fee, all of which shall be included in the
<br />decree -of foreclosure; and. the contralct embodied in this mortgage and the.note secured hereby, shall in all respects
<br />be governed, construed and adjudged by tile laws of Nebraska, where the' same is made.
<br />The covendrits herein contained shall bind, and the benefits and advantages shall inure to,.the respective heirg,
<br />executors, administrators, successors and assigns of the parties hereto. Whenever used, tile singular number shall
<br />include the plural, the plural the singula ' r, 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 Mortgagor; otherwise to be and remain
<br />in full force and effect..
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