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iT3 re;JOA rM Q t 0 �J- f /Y Z A THE. MORTGAGOR FURTHE12TA U Jelfn Fis�ej�, 1(991qter ofDee*ds,, Th�t the Mortgagor will pay the—indebtedness as hereinbefore provided. Hall Count , Nebraska Y That the Mortgagor is the owner of said property in fee simple and has good right and lawful authority to -sell and convey the same . and that the same is free . and clear of any lien or encumbra.nce; and that Mortgagor will warrant and 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, special assessments, water charges, sewer serv- ice charges, and otl�er taxes and charges.against said property, and all taxes levied on tile debt secured hereby, and to furnish tile Mortgagee, 1;�on' request, with - the original or duplicate receipts tlier�-for. The Mo'rtgagor agrees that there shall Ile added . to each monthly payment required hereunder or under the evidence of debt secured hereby an amount estimated by the Mortgagee to he sufficient to enable the Mortgagee to pay, as they become due, all taxes, assessments, and similar charges upon the prem- ises subject thereto; any deficiency because of the insufficiency of such additionai pAyments shall Ile forthwith deposited by tile. Mortgagor with the Mortgagee upon demand by the Mortgagee. Any default under this paragraph shall Ile deemed a defaulf in payment of taxes, assessments, or' similar charges required hereunder. Tile Mortgagor agrees. that there shall als6 he added to cacti monthly payment of principal and interest required here- under an amount estimated by the Mortgagee to be sufficient to enable the Mortgagee to pay, as it becomes due-, the insurance premium on any insurance policy delivered to the Mortgagee. Any deficiency because of the insufficiency of such additional 'pay- ments shall be forthwith deposited by the Mortgagor with the Mortgagee upon demand by the Mortgagee. Any default under this paragraph shalI'be deemed a default in the payment of insurance premiums. If the policy or policies deposited are such a% Imme- owners or all risW policies, and tile deposits are,instifficient to pay the entire premium, the Mortgagee may apply the deposit.to pay. pi-P.Milmis on. risks required to be insured by this mortgage'. Payment- made by the Mortgagor under the -above. paragraphs may, at tile option of tile Mortgagee, Ile held'hy it and commingled with kother -such fund.- or its own funds for the. payment of such items, and until so applied, such payments are hereby pledged as security for the unpaid balance of the mortgage inclebt6dness. To procure, deliver to, and maintain for the benefit of the Mortgagee during the life of this mortgage original policies and renewals thereof, delivered at least ten (lays before tile expiration of any such*policies, insuring against fire and other insurable hazards, casualties, and * contingencies as the Mortgagee may require, in an amount equal to the indebtedness secured by this Mortgage, and in companies acceptable to the Mortgagee, with loss payable clause in favor of and in form acceptable to file Mortga- gee. In the everif any policy is not renewed oil or before tell days of its expirAtion, the Mortgagee may procure insurance on the improvements, pay the.premium therefor, and such sum shall become immediateily due and payable with interest at the rate set forth in said note until paid and shall Ile secured by this mortgage. Vailure on tile part of theMortgagor to furnish such renewals, as are herein required or failure to pay any sums advanced hereunder shall, at tile option of the Mortgagee, constitute a default under the terms of this mortgage. The delivery of such policies sball,'in tile event of default, constitute 'an assignment of tile un- earned premium,' Any surils received by tile Mortgagee by reason of loss or damage insured against may Ile retained by the 1%,lortgagee and applied toward the payment of the debt hereby secured, or, at the option of the Mortgagee, such sums either wholly or in part may be paid over to tile Mortgagor to be used to repair such buildings or to build*new buildings in their place or for an:y other purpose or object satisfactory to tile Mortgagee without affecting the lien on the mortgage for tile full amount secured here- by before such payment ever took place. To promptly repair, restore or rebuild any building,,; or improvements now or hereafter on tile premises which may be. come damaged or destroyed; to keep said premises in good condition and repair and free from any mechanic's lien or other lienbr claim of lien not expressly subordinated to the lien hereof; not to suffer or permit any unlawful use of or my nuisance to*exist on said property nor�to permit waste on said premises, nor to (to a�ny other act whereby the property hereby conveyed shall become less valuable, nor io'diminish or impair its value by any act or omission to act; to comply with all requirements of law with respect to the mortgaged premises and the use thereof. I I That should the premises or any part thereof be taken or damaged fly reason of any public improvement or condernnation proceeding, or under the right of eminent domain, or in any other malincr, the Mortgagee shall be entitled to all compensation�s, awards, and any othe'r payment or relief therefor, and shall be entitled, at its option, to commence. appear in and brosecute in its own name any action or proceeding, or to make any compromis.e or settlement in connection with such taking or damage., All such compe ' nsation, awards, damages, right of action and proceeds are hereby assigned to the Mortgagee, who may, after deducting therefrom all its expenses, release any moneys so received by it or apply the s�mic on any indebtedness secured hereby. The 11vfort- gagor agrees to execute such further assignments of any compensation. awards, damages, and rights of action and proceeds as the Mortgagee may require. 'that in case of failure to perform any of the covenants herein. the Mortgagee may do on the Mortgagor's' behalf everything so covenanted; that the Mortgagee may also do any act it may d.eem necessary to protect the lien thereof; that the Mortgagor Will repay upon demand any moneys paid or disbursed by the Mortgagee for �ny of the above purposes, and such moneys together with interest thereon at the rate provided in said note shall become so much additional in(lebtedness hereby secured and may. Ile in- cluded 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* riot be obligatory upon the Mortgagee to inquire into the validity of any li6fi, encumbrances. or claim in ad- vancing moneys " above authorized, but nothing herein contained shall be construed as requiring the Mortgagee to 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 default by Mortgagor in the payment of any installment, as required by the Note secured 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 debt secured hereby due and payable without notice, and,the Mortgagee shall be entitled at its option, without notice, either by itself or by a receiver to be appointed by the court there of, and without regard to the adequacy of any security for the indebtednegs se- cured hereby, to enter upon and take pbs§e9gibn6f the'mortgaged premises, and to collect and receive the rents, issues and profits thereof, and apply the same, less costs of operation and collection, upon the indebtedness secured by this mortgage; 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 tile same: co ' llecting the rents, revenues and income, and it may pay out of said income all expenses incurred in rent. ing and managing the same and of coll6cting the rentals therefrom. The balance remaining, I if any, shall be applied toward the discharge of the mortgage indebtedness. -This assignment is to terminate and become null and void upon rele�se of this mortgage.