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1 � � 89- 10�1'�0 , � claosts in favpr of and in Porm acceptable to the Mort�agee. In 12. Thr Matt�agar furthu agrces that should this mortgage event of loss Mon�a�ar wiil �ive immediatc nottce by mail to the and the nate securcd hereby not br eiigible for insurnacc unde� ..,_ Monj��ce, who m�y make proof of lass if not mad�promptly the National Housing Act within days _ by Mort�aYo�, �nd e�ch insunnce company concerrted is hereby Prom thc date hereof(written statement of an officer af the authorked and directed to make payment for such loss directly to p�panment af Nou�in�and Urban Dovelopmeot or authorized the Mort��ee instad of to che Mortya�or and the Mortgagee jointix� �nd the insurance proceeds�or sny pxrt ehereof.may be �ent af the Secrctary of Housing aad Urban Devclopment dated sDDt�� by the Mortjua at it�optlan rither to the reduction of subsequent to the days' time from the datc the indebtedness hereby secured or to the rcstoration or repair oP of this mortgage,declining to insure said rtote and this Mongage, the property dam�ed. ln event of Poreclosure of thls mort�a�e ��ng deemed conclusive proof of such intli�ibility).�he Mort- or other tran�fer of title to the ss�id premises in eatinguishment of Sagee or holder of the note may, at its option, declare aU sums the indel+tedness secured hereby. all ri�ht.title and interest of the secured hereby immediately due and payable. Notwithstanding Mort�or in aad to any insur�tnce policies then in force shall the f'oregaina, this option may not be exercised by the holder of pus to the pwchuer or arxatee. the note when the ineligibility Por insurance under the National Housing Act is due to the Mortgagee's Pailure to remit the Mort• 9. That as additiond aad rnllateral sccurity for the payment 6age lnsurance Premium to the Department of Housing and of the note described. and�11 sums to become due under this Urban Development. mort�ue, th�Mortga�or hereby assigns to the Mortgagee all protiu. ce.enua. royaltia,ri�hts and benefits accruing to thr 13. That if the Mortgagor fa11s to make any payments of � Mortya�os au�der any and�Il oU and g�s lease�on said premises, money when the same become due, or fails to conform to and with the a�ht to recei.r and receipt Por the same and apply them �omplv with any of the canditions or agreements contained in to said indebtedness as weA before u after defauIIt in the condi- this mortgage. or the note which it secures. then the entire prin- tions of td�ia mort�ue,and the Mort�agee may demand, sue for �P�sum and accrued interest shall at once become due and and recatier u►y such payments whe�due and payable. but shall Payable. at the election of the Mongagee; and this mortgage may not be required so to do. This assign.�nrnt is to terminate and thereupon be forec�osed immedtately Por the whole oP said become null and void upon releasc of ct�is mortgage. money. interest. m�athly p�yments. cosu,ground rents.taxes and the cost of cxtending the absuact of title from the date of 10. That the Mort�agor wiU keep the buildin$s��o� sald this Ioan to the tlme of commen�6�g such foreclosure suit, and a premises in good rtpa:c. and neither commit nor permit waste reasonable attorney's fee, all af wE�ich shaU be included in the upon said iand,nor suffer the said premises to be used for a�ti decree of foreclosure; and the contract embodies in this mortgage unlawful purpose. and the �ote secured hereby, shall in all respects be governed. ' `. construed and adjudged by the laws of Nebraska, where the same ' , 11. That if the premisa,or any part thereof,be condemned is made. . ..,: under the power of eminent domain. or acquired for a public The covenants herein contained shall bind�and the benefits j.: ;� ust, inC tiiutta�CS Ywaiu'fxi�tne piui.icu'S fvi iur ie�Ctng vf.vi in"r �d advancages shab!inure to, the respective heirs, QXOCUtOrS, __ consideration for such acquisition.to the eatent of the full administrators, sucassors.and assigns of the parties hereto. '�"i amount of indebtedness upon this mongate and the note which it �enever used. the singular number shall include the plural,the � � is given to secure remainin`unpaid. are hereby assiEned by the p�ural the singular, and the use oF any gender shall inciude all - Mort�a�or.o the Mortja�a. and shall be paid foachwith to said genders. Mortgagee to be appGed by the latter on account of the next matwing installments of such indebtedntu. The foregoing conditions,all and singular, being performed according to their natural and legal impon, this conveyanee shail . be void and said premises released at the expense of the Mon- ga�or;otherwise to be and remsan in full forcr snd effect. . � � l� wic�a�wUeaol[he Mon�a�or(s)ha ve hereunto set their hand(s)the day and year first above written. In presrnce of: ,� �<:��'� �� ) ( Ste�ren L. Thompson `�� �v�it �� lSesll Li'nda C. Thampson � [Sea1) (ses1) Isea11 HUD�92113M-1 Paqe 3 of 4 . - -�-- � � � � . � ti �� r` y � < L-�- �