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<br />made shall be added to the principal sum owing on the above
<br />note, shall be secured hereby, and shall bear interest at the rate
<br />set forth in the said note, until paid.
<br />7. That the Mortgagor hereby assigns. transfers and sets over
<br />to the Mortgagee, to be applied toward the payment of the note
<br />and all sums secured hereby in case of a default in the perfor-
<br />mance of any of the terms and conditions of.this_mortgage or the
<br />said note, all the rents, revenues and income to be derived from
<br />the mortgaged premises during such time as the. mortgage in-
<br />debtedness shall remain unpaid, and the Mortgagee shall have
<br />power to appoint any agent or agents it may deft for the pur-
<br />pose of repairing said premises and of renting the same and col-
<br />lecting the rents, revenues and income, and it may pay out of
<br />said" incomes all expenses of repairing said premises and necessary
<br />commissions and expenses incurred in renting and managing the
<br />same and of collecting rentals therefrom; the balance remaining,
<br />if any, to be applied toward the discharge of said'mortgage
<br />indebtedness.
<br />8. That the Mortgagor will keep dire �mvements now ex-
<br />isting or hereafter erected on the n* z&zz6" psnperty, insured as
<br />may be required from time to timal .- r4_- fftrtgagee against loss
<br />by fire and other hazards, casuzhr -_ 1xi „ontingencies in such
<br />amounts and for such periods an L xzX be required by the Mort-
<br />gagee and will pay promptly, wham nc any premiums on such
<br />insurance provision for payment 6f wWch has not been made
<br />hereinbefore. Ali insurance shall be carried in companies ap-
<br />proved by the Mortgagee and the policies and renewals thereof
<br />shall be held by the Mortgagee and have attached thereto loss
<br />payable clauses in favor of aul in form acceptable to the Mor-
<br />tgagee. In event of loss Mortgagor will give immediate notice by
<br />mail to the Mortgagee, who may rrak;e proof of loss if not made
<br />promptly by Mortgagor, and each insu=ce company concerned
<br />is hereby authorized and directed to make, payment for such loss
<br />directly to the Mortgagee instead of to,tb: Mortgagor and the
<br />Mortgagee jointly, and the insuranoremcceds, or any part
<br />thereof, may be applied by the Afon igm at its option either to
<br />the reduction of the imdebtedn i fsrsr oy secured or to the
<br />restoration or repair of the pr7yeny damaged. In event of
<br />foreclosure of this mortgage or other transfer of title to the mor-
<br />tgaged property in extinguishment of the indebtedness secured
<br />hereby, all right, title and Inter ms. of the Mortgagor in and to
<br />any insurance policies then in fans hall pass to the purchaser or
<br />grantee.
<br />9. That as.as".UPVL,4 �O qt[ st JKY for the payment
<br />of the note desgfibed, a*0 V..alt dwomp due under this
<br />mortgage, the Mortgagee all
<br />profits, revenues, royaMaet, .10— tdtd• --firs accruing to the
<br />Mortgagor under any and t1I oil and gas leases on said premises,
<br />with the right to receive and Aeccipt for the same and apply them
<br />to said indebtedness as Kell befora: as after default in the condi-
<br />tions of this mortgage, and the Mortgagee may demand, sue for
<br />and recover any such payments when due and payable, but shall
<br />not be required so to do. This assignment is to terminate and
<br />become null and void upon release of this mortfpge .
<br />In w[tttesa wbereot the. Mortgagor(s) ha ve hereunto set
<br />In presence of:
<br />10. That the Mortgagor will keep the buildings upon said
<br />premises in good repair, and neither commit nor permit waste
<br />upon said land, nor suffer the said premises to be used for any
<br />unlawful purpose.
<br />11. That if the premises, or any pan thereof, be condemned
<br />under the power of etaliirt daarairr, or acquired for a public
<br />use, the damages a* the rxds'for the taking of, or the
<br />consideration for sins" &=rx to the extent of the full
<br />amount of indebte3~is up on,'ih1 s mortgage and the note which it
<br />is given to same remaining unsaid, are hereby assigned by the
<br />MortgaWz to the Mortgagee, and shall be paid forthwith to said
<br />Mortgagm-to be applied by the latter on account of the next
<br />maturing installments of such indebtedness.
<br />I2. 'Elie Mortgagor further agrees that should this mortgage
<br />and the note secured hereby not be eligible for insurance under
<br />the National Housing Act within days
<br />from the date hereof (written statement of any officer of the
<br />Department of Housing and Urban Development or authorized
<br />agent of the Secretary of Housing and Urban Development dated
<br />subsequent to the days' time from the date.
<br />of this mortgage, declining to in%= said note and this mortgage..
<br />being deemed conclusive proof at mch ineligibility). the t<far-
<br />tgagee or holder of the note ma-y at its option4 declare all subs'
<br />secured hereby im1;.l�.zGly due and payable.
<br />13. That if the Mozv -4-,ar fails to make any payments of
<br />money when the same fmmke flue; or fails to conform to and
<br />comply with any of thea,viOldas or agro-.ments contained in
<br />this mortgage, or the note i hiv'h it secures, then the entire prin-
<br />cipal sum and accrued interest shall at once become due and
<br />payable, at the election of the Mortgagee; and this mortgage may
<br />thereupon be foreclosed immediate' -y for the whole of said
<br />money, interest, monthly paymmis. costs, gro=d rents, taxes
<br />and the cost of extending the abstract of title firm the date of
<br />this loan to the time of commencing such foreclosure suit, and a
<br />reasonable attomey's fee, all of which shall be included in the
<br />doam of fbrivAmure; and the contract embodied in this mortgage
<br />and the note Sersred hereby, shall in all respects be governed,
<br />construed and adjudged by the laws of Nebraska, where the same
<br />is made.
<br />The covenants herein contained shall bind, and the benefits
<br />and advantages shall inure to, the respective heir, executors, ad-
<br />ministrators, successors. and assigns oft parties hereto.
<br />Whenever used, the singular number shall include the plural, the
<br />plural the singular, and the use of any gender shall include all
<br />genders.
<br />The foregoing conditions, all and singular, being performed ac-
<br />cording to their natural and legal import, this conveyance shall
<br />be void and said premises released at the expense of the Mort-
<br />gagor; otherwise to be and remain in full force and effect.
<br />their " y and ear first above written.
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