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� � � � By�- l OC89� r ' ciatuses in favor of and in form accsp�:abk�a Ihe Mort=a�ee. l0 12. 'Phr Mortgagor further agrees �hat shauld this mongage � event of tou Mon�a�ar will�ivc immediate�atice by mxil ta the and the note secured hereby not be eligible for insu�ance under _ Mott�a�a� wha mRy make proof of loss iP not made pramptly the National Housing Act withi� l84 days _ by Mottjajpr, and each iluurance company concemed ls hereby f�om ehe date hereat'(written statement of an officer of the authvrised and directed to rtiake p�yment for such loss dtrectty to p��ment of Housing and Urban Developmant or authorized the Monjaja instead of to the Monpjor and thc Mon�aYee jointly.and the insurance proceeds. or any put theriof, may be �ent of the Secretary oP Housing and Urban Development date�i apDtied by the Mortpjee at iis optlon either to the reduceion oP subsequont to the 180 days'time from the date , the indebtednes�hereby secured or to the ratoratton or rep�ir of of this mortgage. dectining to insure said note and this Mongage. the property dam�td. ln eveni of foreclosure of this mon��e ��ng deemed coaclusive prooP of such ineligibility)� the Mort- or other t�an�Pe�of title to ehe sald premisa in eatin=ui�hment of 8a8K or holder of the note may,at its option,declare all sums the indebtednas securcd hereby,al! N�ht,titte and interest of the secured hereby immed'utely due and payable. Nutwithstanding ! Mort=ajor in aad to any insurance policie�then in force shul the foregoing,this option may rtot be exetcised by the holder of pus to the purchaser o�srantee. the note when the ineliBibiltty iot inswance under the National � Housing Act is due to the Mortgagee's failure to remit the Mort- : 9. That u additioaal aud coqatera)security far the payment 8a8e Insurance Premium to the Department of Housin�and of We note dacrlbed.and all sums to become dae under this Urban Development. � man�e� the Mort�a�or hereby usigns to the MortaaKOe all ; protus,reveaua.royuties.rishts And benefits accru9ng to the !3. That if the Mong�gor faits to make any payments of � Mort�sjor nnder any ar�d all oil and�aa Ieases on said premises, money when the same become due,or fails to conforn�to and � wlth the ri�ht to receive itnd recelpt for the same and apply them comply with any of the conditions or agreements cantalned In � to said indebtednus as weA before as after default in the condi- this mongage,or the note which it secures,then the entire prin• j tioa�of this mort�a�e. and the Mort;a=ee may demu�d,sue for cipal sum and accrucd interest sh�ll at once become due and � and recover any snch paymenta when due xnd p�yable. but shall payable,at the elecHon of the Mortgaaee; and this mortgage may ; not be�equired so to do. This assisnment Is to terminate and thenupon be foreclosed immediately for the whole of said i become null aad void upon release of this mongage. money.interest, monthly payments, costs.ground renu,taxes � and the cost of extending the absuact of title trom the date of 10. That the Mort�ajor vrill keep the buildings upon said this lostn to the time of commencing such foreclosure sutt, and a premises in aood repair,and neither commit nor permit waste reasonable attomey's fee,all of which shall be included in th� . upon said land, nor suffer the said premises to be used for any decree of foreclosure; and the contract embodies ia this mortgase ; milawful purpose, and the note secured hereby.shall ia all rapects be govemed, � - i construed and adjudged by the laws of Nebraska, where the same � ' ; 11. That if the premises.or any part thereof. be condemned is made. ,� � under the power of emineat domain, or acquired for a public 'rhe covenants hertin contained shall bind, and the benefits � a� % use, the dan�a�wuded. the praceeds for the taking of, or the s a. ._..r._�.. �- � — �vtIblYCiitI011 tOf SIICII�CQUISR1011�to the extent of the full ��Ot��"��j�j�t i l ic iV� lilC IC5 p C C 11Yt�ICJlS�C7�CC{1(QjS� _ amouut of indebtednas upon tbis mort administracors,successors. and assi�ns of the Dutia hereto. ._ gaae and the note which it �y}�enever used.the singular number shaU include the Dlural,the f ' � is pven to aecure remaininj uapaid. are hereby assigned by the p�urtl t he singu lu,an d t he use of any gender shall include all � Mort�or.o the Mortpjce�and ahall be pald forthwith to said g�Aders. � f Mortaasa to 6e applisd by the latter on accoant of the next — maturin�Installmentt of such indebtedness. The foregoing conditions, ull and singulu, being performed ' _ according to their natural and legal import,this conveyance shall ' be void and said premises relesised at the expense of the Mort- � � gagor; otherwise to be and remain in full force and effect. • 1�wk�w�e�+eot the MortgaQor(s)ha Ve hereunto set t�1 r hand(s)the day and year �rst above written. , ln presence of: � . i � �.Q:_. . (Slal} . i;l�. ; BRY E JACOBSON E;'�:;: j t [seall ' STEPHANIE M JAC0850 _ : . ISea1I � [Seal1 Ised1 Huna2»aM-� Ppe 3 of 4 ►___`—` -- � � • � � � � 1/� , r' r. � � �