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<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 />(� Mortgag+or 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.
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<br />4. The lien 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 secu red hereby.
<br />S. He/she will pay all ground rents. taxes, assessments water rates and other governmental or
<br />municipal charges. Imes or iimapositions, levied capon said prent�ses and that lie /she will pay all taxes levied
<br />upon his wortg�ge, or tfie debt secured thereby,, together with an other taxes or assessments which may be
<br />levied under the taws of Nebraska against the arttg%ce, or the legal holder of said principal note, on ac-
<br />count of this indebtedness except when payment for all such items has theretofore been made under (a) of
<br />paragraph 2 hereof and fie/she will promptly deliver the official receipts therefor to the Mortgagee. In
<br />defaWt thereof the iNorigagee may pay the same.
<br />d. 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 wine. 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 Morrttqagee, Mortgagor shall execute and de!aver a supplemental note or notes
<br />for the sum or sums advanced by Mortgagee for the alteration, mode+rri alation oar improvement made at -the
<br />Mort or's request; or for maintenance of said premises, or for taxes or assessments against the same,
<br />and or any other purpose elsewhere authorized hereunder. Said note or notes shall be secured hereby
<br />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 sad Mortgagor. Failing to agree on the maturity. the whole of the sum or sums
<br />so advanced shall be due and payable thirty (40) days after demand 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; and the Mortgagee
<br />all have power to .appoint any agent or agents it may desire for the purpose of renting 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 mans ng the same and of collectingg rentals therefrom; the balance
<br />remaining, if any, to be applied toward the discharge of said mortgage i ndebtedness.
<br />9. He /she will continuously maintain hazard i Lnmce, of such type or types and amounts as the
<br />Mortgagee may from time to time require tin th l uptcoments now or hereafter on sold premises, and ex-
<br />cept when payment for all such premiums lin'th eto ort been made under (a) of paragraph 2 hereof, will
<br />pay promptly when due any premiums therefor. Upon default thereof, Mortgagee may pay the same. All in-
<br />surance shall be carried in companies approved by the Mortgagee and the policies and renewals thereof shall
<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 secure)
<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
<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 the 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 default in the conditions of this
<br />mortgage, and the Mortgagee may demand, sue for and recover any such payments when due and payable,
<br />but shall sot be required so to do. This assignment is to terminate and become null and void upon release
<br />of this mortgage.
<br />11. He /she shall not commit or permit waste; and shall maintain the property in as good condition as
<br />at present, reasonable wear and tear excepted. Upon any failure to so maintain, Mortgagee, at its option,
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<br />therefor by Mortgagee sball bear interest at the rate provided for in the principal indebtedness, shall
<br />thereupon become a part of the indebtedness secured by this instrument, ratabliy and on a parity with all
<br />other indebtedness secured hereby. and shall be payable thirty (30) slays 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 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 Indebtedness wured 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 list 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, or if the Mort-
<br />gagar be adjjudleated bankrupt 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 />�agee. and this mort gage may thereupon be foreclosed immediately for the whole of the indebtedness
<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 'Air ;1 1 1 •:
<br />on account of the guaranty or insurance of the indebtedness secured hereby. all of which snap be
<br />Included in the decree of foreclosure.
<br />16. Title 88 United States Code, and the Regulations issued thereunder shall govern the rights, duties
<br />and liabilities of the parties hereto and any provisions of this or other instrurmin is executed in connection with acid indebtedness ess which are inconsistent with said Titit or Regulations are hrreby aunended and
<br />supplemented to conform thereto. PARAcKAPHs 10 rand I'; AkE ray PAW: 4 t1NUI:R 1'H1. ;:UI+%ky
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