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0 121 1 THE MORTGAGOR FURTHER COVENANTS AND AGREES: That the Mortgagor will pay the indebtedness as herdinbefore provided. That the Mortgagor is the:6wner of said property in fee simple and has. good rijht and lawful auth6rity.to sell and convey the same and that the same is free and clear of any lien or encumbrance, and that Mortgagor will warrant I an - d defend the title to said premises against the claims of all persons whomsoever. To pay immediately when due and payable all general taxes, special taxes,.specia.1 assessments, water charges, sewer serv- ice charges, and other taxes and. ch 'rges against'said pro erty, and. all taxes levied 'on the debt secured hereby, an� to furnish t.he p Mortgagee, upoll'iequest, with -'tile �6riginal or'duplicate -receipts therefor. The Mortgagor agrc6 that there shAll' be added to cach monthly payment required ller�eunder or under the evidence of debt secured hereby an amount estimated by! the Mortgagee to . lie sufficient to enable the Mort�agce to pay, as they become Ilue, all taxes, assessments, and, similar charges 6'on tile prem- ises subject thereto; any deficiency k)ecause of the insufficiency of such additional piftymenb; shall be.for.thwith dbp6sited by the Mortgagor with the Mortgagee upon demand by.'the Mortgagee. fAny default under this paragraph shall be deenied a default in payment of taxes, assessments, or 1"milar charges rqquired hereunder. The Mortgagor agrees that there shall also be added.to Fa.ch monthly payment of principal and interest required hcri!- under an amount estimated by the Mortgagee to be sufficient to enable the Mortgagee to pay, as.it becomes duej, the insurance premium oil any insurance policy (IJliver*ed to the Mo'rtgagee. Any deficiency because of tile insufficiency of such !additional pay merits shall be forthwith deposited I)y the Mortgagor with the Mortgagee upon demand by the Mbrtgagee.. Any def-itilt under this )in - paragraph shall be deemed a default in the payment.of insurance premiums. If the policy or policies deposited are such at'.41 e owners or all risk polieics, and the ileposits.are insufficient to pay Ahe entire premium, tile -Mortgagee may appl.� the deposR to pay premiums on risks required to he insured by this mortgage. I Payment-, made by the Mo�rtgagor up�der the.above paragraphs may, at the option of tlYe Mortgagee, be. 11'eld'by it and 11 al ayments are hereby corn.mingled with other such funds or its own. funds for tile payment of suc items, and until so , )plied, such p, pledged as security for the unpaid.imlance of the mortgage indebtedness. L To procure, deliver to, and maintain for thz! benefit of the: Mortgagee during the life of this mortg. g origin'l policies and re . newals thereof, delivered at least -Jen days beforc:tlle expiration"of any such pol , icies, insuring against fire and! oilier insurable haziirds, casualties, and contingencies as the Mortgagee may require, in an amount equal to the indebtedness 6bured by this Mortgage, and in companies accepWble to the Mortgagee, with loss payable clause in. favor of and in form acceptabl6 to. the IN'Tortga.- gqe,, In the event any policy is not. renewed oil or 1) ' efore ten days of its 6xpiration, the Mortgag�e rri�y procure . insurance on the imp�rovements, pay the premium therefor, and such slim shall become immediately due and payable with interest; a� tile rate set forth in said note until paid and sl'�all be secured by this mortgag�. Failure on the.part of the Mortgagor to furni-5h,:such renewal*� ms ad 'd hereunder shall, at the option of the -Mortgagee, con'tiiute a default as are herein required or failure to pay any su vance under the terms of this mortgage. The delivery of such policies shall, in the event of default, constitute an assignment of the un- earned pyemium. Any sums received by thr Mortgagee 1)), reason of loss'or damage insured agairist may be retained by tile Mortgagee and applied toward tile payment �.)f the debt hereby secured, or,�! at the option of . the Mortgagee, such sums either,wholly or in part may be paid'over to the Moagagor to be used to repair such buildings or to build*ne%v buildings in their I)Iace or for any other purpose or object satisfactory to the Mortgagee without affpcting the lien on the mortgage for the full amoilritsecured here- by before such payment ever took place. !improvement-% now or hereafter on the premises which may be - To promptly repair, restolie or rebuild any. buildings or. I � come damaged or destroyed; to kc�p said premises iri good condition and r , epair and free from any' mechanic's lieA 6r other lien O]r claim of lien not expressly subordidated to the lien hereof; not to suffer or permit any unlawful use of or any nuisance to exist on said property nor to permit waste,on said premises,'nor to do afi� other act whereby tile properi1y hereby conveyed shall become less valuable, nor to diminish or impair its value by any act or omission to act; to comply with all requirements of 1law with respect to tile mortgaged premises and the �se thereof. mentlo condeninatioh That should the premises 2or any part thereof be taken ol� ' 'damaged by reason of any public improve . i proceeding, or under the right of eminent domain, or in any other manner, the Mortgagee shall be entitled to all compensa.tions, awards, and any other payment orr relief therefor, and shall be entitled, at its option, to commence, appear in an(� prosecute in its own name any action or proceedin"g, or to make any compromise or settlement in'connection with such taking or !'damage. All such compensation, awards, damages, rght of action and proceeds are hereby assigned to the Mortgagee, who mayt ifter deducting I I - therefrom all its expenses, release 'any moneys so received by it or apply the s'ame.on any indebtedness secured hprLby. The Mort- gagor agrees to execute such furtfier assignments of any compensation. awards, damages, and rights of action anfl'proceecis as the Mortgagee may require. agor' That in: case of failure to perform any of th& covenants herein, tile Mortgagee may do on the Mortg, s 1bchalf everything so covenanted; that tile Mortgagee . may also do any act it may (teem necessary to protect the lien thereof: that tl�e M ' ortgap"r will repay upon demand any moneys paid or disbursed by the Mortgitgee for any of the above purposes, and such moAeys'together with interest thereon at the rate provided in said note shall become so much additional indebtedness' hereby secure(I and may be in - eluded in any decree foreclosing this mortgage and be paid out of the rents or proceeds of sale of said premises if not otherwise paid; that it shall not be obligatory upon the Mortgagee to inquire into the validity of any lien, encumbrances .-or claim in ad- vancing moneys as above authorized, but nothing herein contained shall be construed as requiring the Mortgagee-io advance any moneys for any such purpose nor to do any act hereunder; and that Mortgagee shall not incur any personal liability because of any- thing it may do or omit to do hereunder. In the event of the defau . it by Mortgagor in tile payment of any installment, as i-equired by the Note s I ecUred hereby. or in the performance of the obligation in this mortgage or in the note secured thereby, the Mortgagee shall be entitled to declare the. j debt secured hereby due and paya�ble without nokice, and.the Mortgagee shall be entitled at its.option, without notic6,, either by itself or by a receiver to be appointed by the court thereof, and without regard to the adequacy of any security for the' I ndebtedress se- cured hereby, to enter upon and,take pos�egs�ion'Wf thc'mortgag6d premises, and to collect and receive the rehts,'issues and profits thereof' and apply the same, Jess�'costs of operatio!' and collection, upon the indebtedness secured by this mor I tgage, said rents, issues and profits being hereby assigned to the Mortgagee as further security for the payment oi all indebtedness secured hereby. The Mortgagee shall have the power to appoint any agent or agents it may desire for the purpose of repairing said prem- ises; renting the same; collecting'the rents, revenues and income, and it may pay out of said income all expensA incurred in rent� ing and managing the same and- of coll&cting the'rentals therefrom. The balance i remaining, if any, shall be ap'plied toward the discharge of the mortgage indebtedness. This assignment is to terminate and become null and Ygid upon releAsel of. this mortgage. 0 0 /5z_ �iled for recora �,t Lf " -A ag�, - 2� , ;� 0 Page. i2Fish(3r, Regist6r bfteeds, Nebrlaska Hall Countyt