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<br />89- 102049
<br />the property otherwise after default, the Mortgagee shall apply, at the time of the commencement of such
<br />proceedings „or at the time the property is otherwise acquired, the amount then remaining to credit of
<br />Mortgagor under (a) of paragrapb. 2 preceding, as a credit on the interest accrued and unpaid and,the
<br />balance to the principal then remaining unpaid on said note.
<br />4. The Hen of this instrument shall remain in full force and effect during any postponement or exten-
<br />sion of the time of payment of the indebtedness or any part thereof secured hereby.
<br />S. He /she will pay all ground rents, taxes, assessments{ water rates, and other governmental or
<br />municr charges, fates or impositions, levied upon said premises and that he /she will pay all taxes levied
<br />upon this wortg e, or tote debt secured thereby, together with an other taxes or assessments which may be
<br />Wed under the laws of Nebraska agatost the Mortgagee, or the 1 holder of said principal note, on ac-
<br />count of this indebtedness, eacxpt when payment foF dl such items has theretofore been made under (a) of
<br />deragrap�he22 hereof f and he/she will promptly deliver the official receipts therefor to the Mortgagee. In
<br />Mortgagee may pay the same.
<br />6. If he /she fails to pay any sum or keep any covenant provided for in this Mortgage, the Mortgagee,
<br />at its option, may pay or perform the same, and all expenditures so made shall be added to the principal sum
<br />owing on the above note, shall be secured hereby, and shall bear interest at the rate provided for in the prin-
<br />cipal indebtedness until paid.
<br />7. Upon request of the Mortgagee, Mortgagor shall execute and deliver a supplemental note or notes
<br />for the sum or sums advanced by Mortgagee for the alteration,, rn-odernization or improvement trade at the
<br />Mortgagor's request; or for maintenance of said premises, q taxes or assessmenta'against the same,
<br />and for any other purpose elsewhere authorized hereundero Said note or notes shall be secured hereby
<br />on a parity with and as fully as if the advance evidenced: t,TL:L-;3 -were included in the note first described
<br />above. Said supplemental note or notes shall bear inte mnt ±the rate provided for in the principal indebt-
<br />edness and shall be payable in approximately equal twomthly- 'payments for such period as maybe agreed
<br />upon by the Mortgagee and Mortgagor. Failing to agree Q7 Yale maturity, the whole of the sum or sums
<br />so advanced shall be due and payable thirty (30) days afterdemand by the Mortgagee: In no event shall
<br />the maturity extend beyond the ultimate maturity of the note first described above.
<br />8. He /she hereby assigns, transfers and sets over to the Mortgagee, to be applied toward the payment
<br />of the note and all sums secured hereby in case of a default in the performance of any of the terms and con-
<br />ditions of this Mortgage or the said note, all the rents, revenues and income to be derived from the mort-
<br />gaged premises during such time as the mortgage indebtedness shall remain unpaid, the biprtgagee
<br />shall have power to appoint any agent or agents it may desire for the purpose of rrnting the same and
<br />collecting the rents, revenues and income, and it may pay out of said incomes all necessary commissions
<br />and expenses incurred in renting and managing the same and of collecting rentals therefrom; the balance
<br />remaining, if any, to be applied toward the discharge of said mortgage indebtedness.
<br />9. He /she will continuously maintain hazard insurance, of such type or types. and amounts as the
<br />Mortgagee may from time to time require, on the improvements now or hereafter on slid premises, and ex-
<br />cept when payment for all such premiums has theretofore been made under (a) of pat Morph 2 hereof, will
<br />pay promptly when due any premiums therefor. Upon default thereof. Mortgagee may gray the same. All in-
<br />surance shall be casTied in companies approved by the Mortgagee and the po icres and renewals thereof shall
<br />be held by the Mcrtgagee and have attached thereto loss payable clauses in favar of and in form
<br />acceptable to the Mortggagee. In event of loss Mortgagor wil.l.g ve immediate notb._e lit, mail to the Mort-
<br />gagee, who may jr.Tlk proof of loss if not made promptly by Mortgagor, and each insurance company
<br />concerned is hereby authorized and directed to make payme-.4 for such loss directly to the Mortgagee
<br />instead of to the Mortgagor and the Mortgagee jointly, and the insurance proceeds, or any part thereof,
<br />may be applied by the Mortgagee at its option either to the reduction of the indebtedness hereby secured
<br />or to the restoration or repair of the property damaged. In event of foreclosure of this mortgage, or other
<br />#ansfer of title tee, ifthe mortgaged property in ,extinguishment of the indebtedne�fa twicured. hereby, all
<br />”
<br />v4'v bile and intm'st of the Mortgagor in and to any insurance policies then in. font , shall pass to the
<br />ypurah,uxnr r1r grant�:e. .
<br />to. As additirn,al. and (wilateral security for the payment of the note described; 4nd'a)i sums to become
<br />due under this rwrt ;.11 -w Mortgagor hereby assigns to the Mortgagee all lease lionuses, profits, reve-
<br />nues, royalties. rights and other benefits accruin .to,the Mortgagor under any anti all oil and gas leases
<br />now, or during the ;ife of this mortgage, execul o�y' premises, with the right to receive and receipt
<br />for the same and apply them to said indebtedn ak.wel� before as after default in the conditions of this
<br />mortgage. and the Mortgagee may demand, sue or Mid rteover any such pa0ments when due and payable,
<br />but shall not be required so to do. This assign 6 ttiMl1TJ t'dM4tleeome null and void upon release
<br />of this mortgage.
<br />11. He /she shall not commit or permit waste; and shall maintain the propemy in as,good condition as
<br />at present, reasonable wear and tear excepted. Upon any failure to so maintain. Mortgagee, at its option,
<br />may cause reasonable maintenance work to be performed at the cost of Wortgagor. Any amounts paid
<br />therefor by Mortgagee shall bear interest at the rate provided for in the principal indebtedness, shall
<br />thereupon become a Hart of the indebtedness secured by this instrument, ratably and on a parity with all
<br />other indebtedness secured hereby, and shall be payable thirty (30) days after demand.
<br />12. He /she will not execute or file of record any instrument which imposes a restriction upon the sale
<br />or occupancy of the property described herein on the basis of race, color or creed.
<br />13. If the premises, or any part thereof. be condemned under the powerof eminent domain, or acquired
<br />A- 1:- the the r__ s
<br />av, � `ru ,.e use. the dwriiis2o a:iwrdFQl, l.,2 ric%2�5 fair rue ta��w[►,' 1Jt, or the consideration for such
<br />acquisj ion, to the extent of the full amount of the remaining unpaid indebtedness secured by this mort-
<br />gage, are hereby assigned to the Mortgagee. and shall be paid forthwith to said Mortgagee. to be applied
<br />on account of the last maturing installments of such indebtedness.
<br />14. If the Mortgagor fails to make any payments when due, or to conform to and comply with any
<br />of the conditions or agreements contained in this mortgage, or the notes which it secures. ur if the Mort-
<br />gagor be adjudicated bankrupt or made defendant in a bankruptcy or receiverahip proceeding. then the
<br />entire principal sum and accrued interest shall at once become due and pay able. at the election of the Mort-
<br />and and this mortgage , may thereupon be foreckwd immediately for the- whole of the indebtvdtiess
<br />hereby secured. including the cost of extending the abstract of title from the date of this mortgage to the
<br />time of commencing such suit, a reasonable attorney's fee. and any sums paid by the Veterans Affairs.
<br />on account of the Ituaranty or insurance of the indebtedness wured herehy. all of which shall he
<br />included in the decree of formlosur+e.
<br />M. Title 38 United States Code. and the Rtgulsbona issued thereunder small govern the rights. duties
<br />wA liabilities cot the parties hereto. and any prwlisiomof this or other instruments exfvated crr'viscno,tit -n
<br />with said indebtedr. w u► which are =consistent -with said Title c,r Reaulatinn. are lorchu wrtan+r%t and
<br />114"4emented to Contort ; thereto
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