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<br />' �+ „ MORTGAGORS agree to ineure and keep the i.mprovements ineured F"� `
<br /> „ ••, on the roal estate for protection against fire ana other casualtiea
<br /> in a sum of at leaot the unpaid balance of princlpal of the �`µ"'
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<br /> „ promiss�ry note and to carry the in9urance tvith a res}�aneible '�r='_�
<br /> � ineurance company duly licensed to do business in the State af �.
<br /> „ Nebraska. The inaurance policy ie to be indorsed with a mortgage —
<br /> , ,� clause with loss payable to MORTGAGORS AND MORTGAGEE, as their --
<br /> , intereata appear. Insurance proceeds received may be used to pay -
<br /> " ,. for reconatruction of the deatroyed improvements, or, if not o,
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<br /> applied for th�s purpose, nnay, at the option of the MORTGAG�E, be
<br /> „ �:`n
<br /> applied in payment of all or any part oE the unpaid indebtedness –��
<br /> . secured by thi.s mortgage- If MORTGAGORS fail to carry the �r�°
<br /> insurance required by this paragraph, MORTGAGFE may purchase the ___
<br /> insurance and is given a lien secured by this mortgage for the �^`^-
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<br /> . amounta advanced for payment of premiums with interest at the Cn�=-
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<br /> � nighest iegai rate. MVK1CiHtiUitS are co Eurnish 'rivRfi�i�avEE wicii a 6-�=-~��
<br /> certi£icate from the inaurance company in�uring the improvements of E-`��.-
<br /> •• the real estate for evidencing MORTGAGORS Y►ave acquired the '���
<br /> ' insurance to be carried on the improvements of the roal estate, the
<br /> ' certificate to contain a clause the insurance policy cannot be
<br /> • cancelled without a leaet thirty (30) days ' prior written notice to �.
<br /> MORTGAGEE.
<br /> , If the MORTGAGEE bringa an action to foreclose thie mortgage,
<br /> the court may appoint a receiver to take possession of the real
<br /> , ° estate, as provided by law.
<br /> �� Any failure or delay of [dORTGAGEE to exercise any of the
<br /> � MORTGAGEE'S rights or privileges under this mortgage shall not be
<br />` " , . construed as a waiver of such rigYit or privilege. Any act of
<br /> • MORTGAGEE waiving any specific default of MORTGAGORS shall not be
<br /> construed as a waiver of any future 3efaults. �
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<br /> " • MORTGAGORS covPnant wii:h MORTGAGEE that MORTGAGORS Yri11 not,
<br /> � directly or indirectly, mor.tgage, pLedge or incumber the real i
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