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<br />88- 101082
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<br />12, The Mortgagor further agreas that should this mortgage and the note secured hereby not be eligible for Insurance under the National
<br />Housing Act within l() l)",y'" from the date hereof (written statemE.'1lt of any olflcef of the
<br />Department of Housing and Urban Development or authorized agent of the Secrst5ry of Housing and Urban Development dated subsequent
<br />to the S ta ted time from the date of this mortgage, declining to Insure said note and this mortgage, being
<br />deemed conclusive proof of Ineligibility), the Mortgagee or holdef of the note may, at its option, declare all sums secured hefeby Immediately
<br />due and payable. This option may not be exercised by the Mortgagee when the Ineligibility for Insurance under the National Housing Act
<br />Is due to the Mortgagee's failure to remit the Mortgage Insurance Premium to the Department of Housing and Urban Development.
<br />
<br />13, That I1t!le Mortgagor falls to make any payments of money when the same become due, or falls to conform to and comply with any of
<br />the conditions or agreements contalned In this mortgage, or the note which It secures, then the entire prtnclpal sum and accrued interest
<br />shall at once become due and payable, at the election of the Mortgagee; and this mortgage may thereupon be foreclosed immediately lor the
<br />whole of said money, Interest, monthly payments, COStR. ground rents. taxes and the cost of extending the abstract of title from the date of
<br />this loan to the time of commencing such forclosure suit, and a reasonable attorney's fee, all of which shall be included In the decree of
<br />foreclosure; and the contract embodied In this mortgage and the note secured hereby, shall in all respects be governed, construed and
<br />adjudged by the laws of Nebraska, where the same Is made,
<br />The covenants herein contained shall bind, and the benefits and advantages shall Insure to, the respective heirs, executors, administrators,
<br />successors and assigns of the parties hereto, Whenever used, the singular number shall Include the piural, the plural1he singular, and the
<br />use of any gender shall be applicable to all genders, .
<br />The foregoIng conditions, all and singular, being performed according to their natural and legal Import, this' conveyance shall be void and
<br />said premises released at the expense of the Mortgagor; otherwise to be and remain in full force and effect.
<br />
<br />IN WITNESS WHEREOF, the Mortgagor(s) ha ve
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<br />hereunto set their hand(s) the day and year first above written,
<br />
<br />~haii/( Ad
<br />
<br />Ger~ E. 8mi h
<br />~ c;' 'tLlLL"T"~ ~ ~'- {~~
<br />Eliz eth J. ilif. _
<br />
<br />[SEAL}
<br />
<br />In Presence 01:
<br />
<br />[SEAL]
<br />
<br />[SEAL]
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<br />[SEAL]
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<br />[SEAL]
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<br />STATE OF NEBRASKA,
<br />
<br />COUNTY OF
<br />
<br />HALL
<br />
<br />}ss:
<br />
<br />On this
<br />
<br />4th
<br />
<br />day of
<br />
<br />March
<br />
<br />, A.D, 19
<br />
<br />88
<br />
<br />, before me,
<br />
<br />a Notary Public
<br />In and for said County, personally came
<br />Gerald E. Smith and Elizabeth J. Smith, husband and wife,
<br />
<br />personally to me knO,^,ll to be the Identical paraon(s) whose name(s) are
<br />afflxed to the above and foregoing instrument as Mortgagor, and they have
<br />acknowledged the said Instrument and the execution thereof to be their voluntary act and deed, for the purposes therein expressed,
<br />
<br />In testimony whereof, I have hereunto set my hand and affixed by Of ficial fleal at Grand Island
<br />on the day and date last above written, ~;J .
<br />
<br />-22/>,//" ,~~..6~
<br />fDaW. IITARY-8ta1! of llebraska . Notary bile
<br />CONNIE S. BALES My Commission Expires:
<br />STATE OF NEBRASKA My Comm. Up, Oct ~!, l,~~
<br />
<br />at
<br />Page
<br />
<br />Flied for the Record this day of
<br />o'clock _M" and entered in Numerical Index, and recorded in Book
<br />of
<br />
<br />A,O,
<br />of Mortgages, on
<br />
<br />Register of Deeds
<br />
<br />CERTIFICATION:
<br />This Mortgage form contains no variation from the HUD Form 92143M (9-79) other than the prepayment provision which has been amended
<br />pursuant to Mortgagee Letter 85-16 dated July 25, 1985,
<br />By:
<br />TIlle
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<br />r'"
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<br />L
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<br />Page 3 01 3
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