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87-107320 12. The Mortgagor further agrees that should this mortgage an.d the note secured hereby not be eligible foTinslirance under the National HoumgAc;t.withln .. . "In n"y.. .. . . from the dat,: hereof (written statement of any oftlcerofthe Depar1mentcif Housing and Urban Oeielopment or authorized agent of the Secrelary of HouSlOg and Urban Oeielopment dated sub$eqUent __ to the ... Stated .. ...... .. time from thedete of this mortgage, decining to insure said note and.this mortgage. being deemed conclusive proof of ineigibity), the Mortgagee or holder of the note may, at its option, declare aD sums secured hereby invnediately dUe and pay.bJli;ThIs optiOn may not be exerCIsed by the Mortgagee when the ineligibility for insurance under the National Housing Act is due to the Moi1gagl!8'sfallunl to remit the Mortgage Insurance PremIum to the Deparlment of Housing and Urban DeVelopment. 13. That if the ~ortgagorfals to make any payinents of nioneywhen the same become due, or fa~s to conform to aild comply with any of the concillons or agreemems contUled in this mortgage, or the note which it sec:ures, then .the entire .principal sum and acaued. interest ' shal at once tiec:ome due and payable. at the eIecllon of the Mortgagee; and this mortgage may thereupon be foreclosed immediately for the whole of said money. interest, monthly. payments. costs, ground rents, l8Xes and the cost of extending the abslnlct of ~ from the date of this loan. to the mie of commencing such forclosure suit, and a reasonable attorney's fee...aI of which shal be.included in the decree of foreclosure; and the cOOtract embodied in this mortgage and the note secured hereby, shall in aI respects be governed, construed and . acfJlldged by.the laws ofNebnlslca. where the same is made. The covenantS herein contained shaD bind, and the benefits and acNanlages shalinsure to, the respective heirs, executors, adminislnltors. successors and assigns of the parties hereto. Whenever used, the mgular number shal incklde the plural, the pbal the singular. and the use of any gender shal be applicable to all genders. The foregoing conditions. all and Singular. being performed according to th€* natural and legal irJlMxt, this'conveyance shal be void and said prl!llllses r"sed at the elepense of the Mortgagor; othelWise to be and remain in fuB force and effect.. IN WITNESS WHEREOF. the Mortgagor(s) ha ve herE\llllo set their hand(s) the day and year &st above written. In Presence of: ~~/L/:e ~L Timothy ,.. WetoV1c ~ .j. ~c.JL.u>t) Kerri J. Derrickson (SEAl) (SEAl] (SEAl] (SEAl] (SEA1.] STATE OF NEBRASKA. COUNTY OF HALL }s~ On this 24th day of December , AD. 19 87 , before me. Notary Public Timothy R. Wetovick. a single person and a in and for said County. persona'Ily carne KerriJ. Derrickson. a si~le person. personaIy to me I<nown to be the ldentlc:aI person(s) whose name(s) are afIbled to the abln'e and foregoing instnJment as Mortgagor, and theY have acknowtedged the seId instJument and the execution thereof to be --!i:...~ vo.\unt8y ad and deed. foe' the puIpOSl!S therein elqII1$Sed In testimony wflere04. I hllVe hereunto set my hand and affixed by Official -Jr at Grand Island on the day and date last above Mitten. -1 -J:-- ~ t'6:n?2J~C><1CL-<<~ __J_ II ..... NOIlAly PUb'hc :z..~".AI.U My CommisWn &<piires: STATE OF NEBRASKA : n ....1Il It .. Filed for the Record this day of at o'dock _M.. and enlered in Numericatlndex. and recorded in Book Page of AD. of Mortgages, on ~wr cC Deeds CERTIFICATION: Thit Mortgllge form conl8lns no v..lIon tom the HUD Form 92t43M (9-79) other than the prepayment provision which has been amended pUl1lU8llt to Mortgagee letter 85-16 deled July 25, 1985. By: Title L Page J 01 J J'!)2].l.CTI 101'<<>1 ( <. ~.