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<br />THE MORTGAGOR FURTHER COVENANtS AND AGREES:
<br />Je Fisher, Re I gistej�.of_D64ds_:
<br />Hall Countyj Nebraska
<br />That the 'Mortgagor will. pay the indebtedness as laereinbefore provided.
<br />That the Mortgagor is the owner of said property in fee simple and has good right� and lawful authority to sell an . d
<br />convey the same and that the same is free and clear of any lien o*r encumbrance; and that Mortgagor will warrant and defend I'lle
<br />title,to said premises againgt the' claims of all persons whomsobver.
<br />To pay immediately when due and payable all general taxes, special taxes, special assessments, water cEarges, sewer serv.-
<br />ice. charges, and other taxes and. charges against said property, arld all, taxes levied on the debt secured hereby, arid to furnish the
<br />Mo.rtgagee, upon request, witlf.tlle.briginal or duplicate receipt - s therefor. Tile Mortgagor ag.iees th . at there',,;hall he added to
<br />each monthly 'ljayment required hereunder or under the evidence of debt secured here'by an -amount estimated by the Mortgagee
<br />to " be sufficient to enable the Mortgagee to pay, as they become due, all taxes, assessments, and similar charg(?s upon the prem-
<br />ises subject thereto; any deficiency because of the.insufficiency of such additional payme'rits shall be forthwith:deposited'by the
<br />..Mortgagor. with. the Mortgagee upon demand by tile Mortgagee. Any default tinder this paragraph shall he delemed a default in
<br />�ayment of ta�es,', assessments.. or similar charges rqquire� hereunder.
<br />The Mortgagor agrees diat there shall also be added 0) each monthly paymen - t of p . rincipal and *interL-st -required here-
<br />under an amount estimated by the Mortgagee to be sufficient to enable the Mortgagee to pay, as it becomes '16,
<br />( t the insuran.ce
<br />premium on any insurance policy delivered to the Mortgagee. Any deficiency because of the in.qufficiency of such additional pay-
<br />ments shall be forthwith deposited by the Mortgagor with the Mortgagee upon demaid by the Mortgagee. Any flefatilt under this
<br />paragraph shall be deemed *a default in the payment of insurancb premiums. If the policy or policies deposited lire such at, home-
<br />owners or all -risk policies, arid tl�e deposits are insufficiient, to, pay tile entire, premium, the Mo`rtgagee may apj�lyjhe deposft to
<br />pay. premium4, on risk's required to he insured by this mortgage.
<br />Payments made by tile Mortgagor under the above paraig'raphs may, at the option of tile M(jrtg'agee, Lie held'by it and
<br />commingled with other such funds or its own funds.for the payme'nt of such items, and until so a'pplied, such payments are hereby
<br />pledged.as security,.for the unpai:('1-balance.of the. mortgage, indebtedness.
<br />To procure, deliver� to, afid maintain f6r 'tile benefit of the Mortgagee (luring the lif'p of *this mortgage original pol icies and
<br />renewals thereof, delivered at lea4t ten days before the expiration of any such policies, insuring against fire and other insurable
<br />hazards, casuillties, and contingencies as the Mortgagee may require, in an amount equal to the indebtcdnes� secured by this
<br />Mortgage, and in companies accey"Aable to the Mortgagee, with ldss payable clause in favor of andin form acceptable to tile 1%lortga-
<br />gee. In the event any policy is not renewed on or before tell days of its expiration, the Mortgagee may procure : insurance o . n the
<br />improvements, pay the premium therefor, and such sum'shall become immediately due and pa0ble %vitb interes't at tile rate set
<br />forth in said note until paid and .',;hall be secured by this mortgage. Failure on the. part of the Mortgagor to furn , isli such renewals
<br />as are herein required or failure to pay any sunis advanced hereunder shall, at the. option of the Mortgagee, constitute a default
<br />under the terms of this mortgage.;Tlie delivery of such policies shall, in tile event of default, constitute an assignment of. tile un-
<br />earned �remium.
<br />ason of loss or damage insured against may be retained by the I'Vlortgagee
<br />Any sums received by tile Mortgagee by re.
<br />and applied toward tile payment' of tile debt hereby secured, or, at the.option of the Mortgagee, such sums either wholly or in
<br />part may be paid over to the Mortgagor to be used to repair such buildings or to huild*new buildings in their:place or for any
<br />other purpose or object satisfactory to the Mortgagee without affecting the lien on the mortgage for the full amount secured here-
<br />by before such payment ever took place.
<br />To promptly repair, restore or rebuild a nly buildings or improvements now or hereafter on the premises %vhich may be-
<br />come damaged or destroyed; to keep said premises in good condition and repair ahfl*free from any mechanic's li :n or�otller lien or
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<br />awful use of or any nuisance to exist on
<br />claim of lien not expressly ' subordinated to the lien hLreof; not to suffer or permit any unl e
<br />said property nor to permit waste on said premises, no'r to 'do ap'y other act whereby the property hereby conve
<br />,yed shall become
<br />less valuable, nor to diminish or impair its value by any act or. omi.4sion to let; to comply with all require M ents of law'with respect
<br />to the mortgaged premises and the use thereof.
<br />That should the premises or any part thereof be taken or damaged by reason of any public improvement I or condernhation
<br />proceeding, or under the right of eminent domain, or in any other manner, the Mortgagee shall'be entitled to all compensations,
<br />awards, and'any othe*r payment or relief therefor,' and shall be entitled, at its option, to commence. appear in anil pr6secute'in its
<br />own name any action or proceeding, or to make any compromise or settlement in connection wiih such taking or: damage. All such
<br />compensation, awards, damages, right of action and ' proceeds ar�' hereby assigned to the Mortgagee. who ma�_after deducting
<br />therefrom all its expenses, release 4ny moneys so received by * it or apply the same on any indebt�'dness secured liereby. TheMort-
<br />gagor agrees to execute such furdier assignments of any compensation, awards, damages, and rights of action an!d proceeds as the
<br />Mortgagee may require.
<br />That in case of failure to perform any of the covenants here ' in. tile Mortgagee may do on the Mortgagor's!behalf ev6rything
<br />so covenanted; that the Mortgage may also do any -act it may deem necessary to 'rotect the lien thereof; that the Mortgagor will
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<br />repay upon demand any moneys r paid or disbursed by the Mortg . agee for any of the above purpus�s, arid 'such moneys together with
<br />interest thereon at the rate provided in said note shall become so much additional in(lebtedness hereby secured and may he ir-
<br />cluded in any decree foreclosing tilis mortgage and be paid out of the rents or proceeds of 'sale�bf said premises it 'not otherwise
<br />paid; that it.sh,all not be obligatory upon the Mortgagee to inquire into the validity of any lien. encumbrances. -or claim in ad-
<br />vancing moneys as above authoriz.eid, but nothing herein contained shall be construed as requiring the Mortgagee' to advance any
<br />moneys for any such purpose nor."to do any act hereunder.; and that Mortgagee shall not incur any personal liability because of any—
<br />thing it may do or omit to do herei rider.
<br />In the event of the default by Mortgagor in the payment of any installment, as requ I ired by the Note I see I ured hereby
<br />or
<br />in. the performance of the obligati6n in this morigage'or in the note secured. thereby,. the Mortgagee shall be entitled to declare the
<br />debt. secured hereby due and payable without notice, and.the Mortgagee shall be entitled at its option, without notice.: either by itself
<br />or by a receiver to be appointed by the court thereof, and withoui regard to.the adequacy of any security for tile indebtedness se-
<br />cured hereby, to enter upon and take pos§e99ibn6f the'mortgaged premises, and to collect and receive the rents..issues and profits'
<br />thereof, and apply the same, less .�osts of operation and collection, upon the indebtedness secured by this mortgage; said rents,
<br />is�ues and profits being hereby assigned to the Mortgagee as further security for the payment oi all indebtedness secured -hereby.
<br />The Mortgagee shall have the power to appoint any agent or agents it may* desire"for tile purpose of rep I airing said prem-*
<br />ises; renting the same; collecting 'the rents, revenues and income,: and it may pay gut of said income all expenses'incurred in rent-
<br />ing and managing the same and �f coll�ctin ' the rentals theref'
<br />9 rom. The balance' remaining, if Erny, shall be applied toward the
<br />discharge of the mortgage indebt4dness. This assignment is to terminate and �ecome null and void upon rele�iselof'this mortgage.
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