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i 0 � I � 89-- 1 p 6'�38 � clauses in favor of and i� form acceptable tp ths Mort�agee. In 12. 7'he hlottgagor further agrees that should this mortgagr event of loss Mort��aor wili Qive imme�iatc noi�ce uy iiiait ta the and thc rtotr s:cur:s! hereby not be elia+t�le fnr insurame unddays _ _,,, Mort�aRa�who may a�aice praof of toss if nat m:dc promptly tho lVaeional Housing Act within by Mort��or,and ach insurance company conce�ned is herebv fram the date hereof(written stAtement of an oPficer oS'the authoriud�nd directed ta make pAyment for such loss dlrectly ta p�partment of Housing and Urban D:�•efopment or authorized the Mortgaase instead of ta the Mort�a�or and the Mort�a�ce ��nt of ihe Secretary of Housing and Urban De�elopment dated Jointly.And ehe insuranct proceeds, or any part thereof. may be subsequent to the �1a_rs' tlme fram tha date ' appUed by the Mortpaee�t lts option eithor to the rcduction af the indebtedness hereby secured or to the rostor�tion or repai� of of this mortgage, declining to insu�e said�a:e and t'h8s�lortgage, the property dama�ed. !n evt�t of foreclosure of this mon�a�e beina deemed conclusive praof oi such ineligibility), sh�4�9on- ot other tranafer of title to 1he sald premises ln extinauishment of 8agee or holder af the nate may.at iis option,declaz=a91 sums the indebtedaas secured her�by,all ri�ht�title and interest of the secured hereby i:nmediately due and payable. Notwittutanding Mort�a�or in and to any insurance policies then in force shall the fore�oing.this option may not be exereased by tha hvlder of � �rs to the purchaser or�rantee. the nate when the inel9gibility for insuranee under the Natianal � Huusing Act is due to the Mortgaga s failure to remit t'he Mort- ! 9. Tt�at as additional�tnd collateral security for the pavment 8age Insurance Premium to the Department of Housiag and of thc nute descrlbed,and all sums to become due under this Urban Development. mart�a8e, the Mortgagor hereby assigns to thc Mortgagec aU �3. That if the Mongagor fails to make any payments of proflts.revenues, royaltia, ri�hts and bene�ts accruing to the Mort�agor under Any and all oil and gu leases on said premises, money when the same become due.at fails to confvma¢�+and with the dsht to reeeive and recelpt for the aame and apply them comply with a�y of the conditions or agraments contaa�c�in to said indebtedness u well before s�s aftcr default in the condi- this mongage,or the note which it secures. then the enQUSe prin- tions of th9s mort��e,and the Mvrtg�ee may demand. sue for cipal sum and accrued interest shall at ance becomr due and and�ecover any such payments when due and payabic, but shall D�Yable, at the election of the Mortgagee;artd this inort�age may , nQt be requ9red so to do. This assignment is to terminate and thereuDon be foreclosed immediately for the whole of said � become null su�d void npon releue of th9s mongage. money. interest. monthly payments. costs.ground rents.¢�xes and tht cost of extending the abstract of titte from tAe�t=of . 10. That the Mort�a�or wUl keep the bulldings upon said this loan to the time of commencing such forectosure suit, and a premises in good repair,and neither commit nor permit waste reasonabie attorney's fee. all of which shall ix included in the upon said land, nar suffer the said premises to be used for any decree of foreclosurt; and the contract embodies in thia mort�age unlawful purpose. and che note secured hereby, shall in all respecu be goverried. construed and adjudged by the laws of Nebraska,who�e tt;e same 11. Thu if the premises,or any part thereof. be condemned 1s made. ' under the power of eminont domain, or acquired for a public The covenants herei:�contained shall bind. and the benefits . use.the duna�a awarded,the proceeds for the taking of, or the and advantages shall inure to. the respective heirs, executars. � con�ideration for such acqu9sition,to the extent of the full a��nistratora.sucassors. and asslgns af the parties hereta. �"� � amounc of indebtednas upon this mort�age and the note which it Whenever used.the sin�ulu number shall include the plwral.che '�� - is givetl to teCUre remainin�unpaici� 8!C IlCTCOy iu3i�aeu'ur iiic plural tRe sinauisr.ana tne use oi any gcnu'er si,n�� i;�'u`uuc'w:; _ - Mortaagor.o the Mortga�ee, and shall be paid forthwith to s�id genders. . = � Mort�aEee to be epplied by the latter on account of the next �e foregoing conditions.all and singnlar. being performed = • matwing installments of such indebtedness. accord9ng to the9r natural and legal import. this conveyance shall be void and said premises released at the expenx of the Mort- gsgor: otherwiu to be and rem�in in fuU force and effect. `;: S�. . i�wIhdis wYereof the•Mortgagor(s)ha ve hereunto set thi ir hand(s)the day and year first above written. t � � ' ln presence of: • r� . ` . :. �J��"`^ � U sa� � t l �.�: � — -�-� �:�,,`� .� c� «� . : . �� � ,�.�� «� huo-�z»aM-� . Paye3of� —___—_- c � . � � h� ' � , tr -� � �