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<br />go.. 105758
<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 paragraph 2 preceding, as a credit on the interest accrued and unpaid and the
<br />1 balance to the principal then remaining unpaid on said note.
<br />d. no lien of this Instrument shall remain in full force and effect during any postponement or eaten-
<br />aiott 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 />municipal charges, fines or impositions, levied upon said premises and that ate /she will pay all taxes levied
<br />i upon t s mortgage, or the debt secured thereby, together with any other taxes or assessments which may be
<br />levied tinder the laws of Nebraska a ainst the Mottgaggee, or the legal holder of said principal note, on ac-
<br />count of this indebtedness, except when payment for aalll such items has theretofore ban made tinder (a) of
<br />paragraph 2 hereof and he /she will promptly deliver the official receipts therefor to the Mortgagee. In
<br />defaWt thereof the 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, modernization or improvement made at the
<br />Mortgagor's request; or for maintenance of said premises, or for taxes or assessments against the same,
<br />and for any other purpose elsewhere authorized hereunder. Said note or notes shall be secured hereby
<br />i on a parity with and as fully as if the advance evidenced thereby were included in the note first described
<br />above. Said supplemental note or notes shall bear interest at the rate provided for in the principal indebt-
<br />edness and shall be payable in approximately equal monthly payments for such period as may be agreed
<br />upon by the Mortgagee and Norrttgagor. Failing to agree on the maturity, the whole of the sum or sums
<br />so advanced shall he due and tw,yablle thirty (RO) days afterdentand by the Mortgagee. In noevent 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; and the Mortgagee
<br />all have power to .appoint any agent or agents it may desire for the purpose of renting the same and I "
<br />collecting the rents, revenues and income, and it may pay out of said incomes all necessary commissions
<br />�a...r.
<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 />i 9. He /she will continuously maintain hazard insurance. of such type or types and amounts as the -�
<br />Mortgagee may from time to time uire, on the improvements now or hereafter on said premises, and ex-
<br />cept when payment for ail such premiums has theretofore been made under (a) of paragraph 2 hereof, will
<br />pay promptly when due any premlume therefor. Upon default thereof. Mortgagee may pay the same. All in-
<br />surance sW be carried in companies approved by the Mortgagee and the polliictes and renewals thereof shall k,
<br />be held by the Mortgagee and have attached thereto loss payable clauses in favor of and in form
<br />acceptable to the Mortgagee. In event of loss Mortgagor will give immediate notice by mail to the Mort-
<br />gagee, who may make proof of loss if not made promptly by Mortgagor, and each insurance company
<br />concerned is hereby authorized and directed to make payment 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 />transfer of title to the mortgaged property in extinguishment of the indebtedness secured hereby, all
<br />right, title and interest of the Mortgagor in and to any insurance policies then in force shall pass to the
<br />purchaser or grantee.
<br />10. As additional and collateral security for the payment of the note described. and all sums to become T
<br />due under this mortgage. the Mortgagor hereby assigns to the Mortgagee all lease bonuses, profits, reve-
<br />nues, royalties, rights and other benefits accruing to rise Mortgagor under any and all oil and gas leases
<br />now, or during the life of this mortgage. executed on said premises, with the right to receive and receipt
<br />for the same and apply them to said indebtedness as well before as after defaud t in the conditions of this
<br />ge, and the Mortgagee may demand. sue 1for arod recover wry such paymetota a•fi,en Oue and payable.
<br />buts all not be req,el d an t.t d.. 'Heir+ amismment is v id upon rnloaxp
<br />of this mortgage.
<br />11. He /she shall not commit (err perm t waste; and shall maintain the propony in as good coed ii3ion as
<br />at present, reasonable wear and tear excepted. Upon any failure to so maintain, Mortgagee, at its option,
<br />Rnav Catlae rCDsonahlr maintenance wnrk to ih_ a be. formed at the cast of Mmiamor. Anv amounts raid
<br />therefor by Mortgagee shall bear interest at the rate provided for in the principal indebtedness, shall
<br />thereupon become a part 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 />18. If the premises. er any part thereof. be condemned under the power of eminent domain, or acquired
<br />for a public use, the damages awarded, the proceeds for the taking of, or the consideration for such
<br />acquisition, to the extent of the full amount of the remaining unpaid indebtednem secured by thin mort-
<br />gage. are hereby assigned to the Mortgagee, and shalt 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 7
<br />L of the conditions or agreements contained in this mortgage, or the notes which it secures, or d the Mort-
<br />gagor be adjudicatedkrnpt or made defendant in a bankruptcy or receivership proceeding, then the
<br />entire principal sum and accrued interest shall at once become due and payable, at the election of the Mort-
<br />ggaaggee��; and this mortgage may thereupon be foreclosed immediately for the whine of the rndt�bt.ldnt-M
<br />hereby secured. including the cwt of extending the abstract of title from the date of this mortgage to the to
<br />time of commencing such suit, a reasonable attorney's fee, and any sums paid by the Veterans .'k r i. , i ,• :,
<br />on account of the guaranty or insurance of the indebtedness ovured hf reby. all or whiclo shall he
<br />included In the decree of fomirkwure.
<br />15. 'I"itltaSS UnitsdStat:aCAe. and the Rvgulatione issued thereunder shall g-svern tlir rights, duties
<br />and liabilitiss of the parties hereto, sod any provisions of this or other instrumenlx executwl in ronhw•tton
<br />with said indebted=ss which stye inconsistent with said Tale or Regulations are herrloy amended a:etl
<br />suppWmentard to ouofomn thereto. PAKAr:RAh11ti i r, and 1 ; ARt. oti J %N#:I y I'MIER 1141 Str1ARY
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