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. � _ . gg_ sc��zas TnTHEREAS, said party of the first part has executed and delivered to said party of the second part a promissory note for the same consideration dated this date and due upon demand, sale or on the 15 day of June, 2019, and; WHEREAS, the party of the first part has agreed to keep the buildings, if any, upon said premises, insured in some company or companies approved by the party of the second part, for the sum, not less than Thirty Thousand ($30, 000 . 00) Dollars, or the amount due on the promissory note, whichever is less, and deliver to said party of the second part the policy or policies containing a clause with the loss payable to said party of the second part, or assigns, and has agreed to pay all taxes and assessments against said premises before the same, by law, become delinquent, and has agreed that if said party of the first part does not provide such insurance, or fails to pay all taxes as aforesaid, then said party of the second part, or holder hereof, may pay such insurance and taxes, or either of them, and all amounts so paid by said party of the second part shall bear interest at the rate of Fourteen (14%) Percent per annum from the date of payment, and this mortgage shall • stand as security therefor, and said sum may be added to the amount of the mortgage debt, and the same recovered as a part thereof . Now, if the said party of the first part shall well and truly pay or cause to be paid the said sum of money in said note mentioned, with interest thereon according to the tenor and effect of said note and shall keep said buildings insured as aforesaid, and shall keep all taxes and assessments paid, and shall duly keep, and perform all other covenants and agreements herein contained then these presents to be null and void. But, if said sum of money or any part thereof, or any interest thereon, is not paid when the same is due, or if said buildings shall not be kept insured as aforesaid, or if the taxes and assessments against the premises are not paid at or before the time the same become by law delinquent, or if said party of the first part shall fail to keep and perform any covenants herein contained, the holder hereof shall have the • option to declare the whole of said indebtedness due and payable at any time after such failure or default, and may maintain an action at law or equity to recover the same, and the commencement of such action shall be the only notice of the exercise of said option required. AND IT IS FURTHER PROVIDED AND AGREED, That the said Mortgagor shall and will pay all taxes levied upon this mortgage or the debt secured thereby, together with any other taxes or assessments which may be levied under the Law of Nebraska, against the said Mortgagee or the legal holder of the said principle note on account of this indebtedness . IN TESTIMONY WHEREOF, Grantors hereunto set their hands the date last above written. � � FRANCIS J. PERKINS