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<br />8. TbattheMort,aaorwill keepthelmprovemenlS now ell-
<br />iIlifta or hereafter erectedoDthemortBaaedproperly, insured as
<br />DUly be ~Uired from time to lime by the MortsaaeeBlainstloll
<br />by fue and other hazllrcll,ea5ua1ties and contingencies in such
<br />amoUDlSand for'S1IdlperiOdlumaybe required by the Mort-
<br />Plee'and will Pay promptly, whendtie. any premiums on such
<br />insurance provi1ion for paymentorwhichhas not been made
<br />hemribefore. AU in.uranceshall be carried in companiesapo
<br />proved by the MortNee and the policies and rencw8ls thereof
<br />.halI be held by the MortPlee andhllve attached thereto loss
<br />paYAble clauses in favofofandinformacceptahleto the Mor-
<br />tp&ec.ln event of Ion Mort&qor.WiIl.aive Immedillte notice by
<br />mail to the Mortaaaee, who may ma.ke proof of 1011 if not made
<br />promptly by Mongqor, and. each' insurance company concerned
<br />is hereby autboriZedand directed ,to ~e payment for such loss
<br />directly to the Mortllaccinstead of to the MortNor and the
<br />MortJqee jointly, and the insurance prCceeds, or any part
<br />thereOf, DUly be applied by the Mortg81ee at its option either to
<br />the reduction of the indebtedneu hereby secured or to the
<br />l'CIIOI'atlon or repair of the property iWnaaed. In event of
<br />forecJosure of this mon..,eor other transfer of title to the mor.
<br />lJqed property in elltiquishment of the Indebtedneu secured
<br />heRby. aU riabt, title and interest ofthe Mortlllor in and to
<br />any insurance policies then in force .haJl pau to the purchuer or
<br />srantee.
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<br />9. That as additioul and coUeteral ICCurity for the payment
<br />of the DOte described, and all.UDlI to become due under thl.
<br />mortsaac. the Monl8lDr hereby auiana to the'MortlBlee all
<br />profits, reveaua, royalties, riPt. andbcnefitl accruina to the
<br />Mortpaor WIder any and all oil and au lean on ..id premises,
<br />with the rlabt 10 receive and receipt for the lame and apply them
<br />to said Indebtedness as well before as after default in the condi-
<br />tions of ChislDOrtsaac, and the MortPlce may demand, sue for
<br />and recover any luch paymenll when due and payable, but shall
<br />DOt be required 10 to do. Thil aullnment il to terminate and
<br />'*>>me nuU and void upon release of this mortllle.
<br />
<br />.e ....... w.....r the Monlllor(s) hIS hereunto set
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<br />In presence of:
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<br />12. The MortNor further....ea that should this m
<br />and the note secured hereby not be eli8ible for insuran
<br />the National Hou.illl Act within. days
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<br />from the date he~cor (written statement of any ofriClCl' of tbe
<br />Department of Housin, and Urban Deve! tor'
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<br />Blent of the Secretary of Housilll and Ur
<br />subsequent to the days tllllC from
<br />of this mortlBle, declinilll to insure said note and this m
<br />bein, deemed conclusive proof of such ineli8ibility), the Mor-
<br />I,a,ee or holder of the note may. at its option, dcdarc aU sums
<br />secured hereby immediately due and payable.
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<br />Il. That if the MortlBlor fails 10 make any paymeats of
<br />money when the same become due. or fails 10 amform to and
<br />comply with any of the conditions or qreements conlaiaccl in
<br />this mort,a,e, or the note which il secures, thca the entire prin.
<br />cipal sum and accrued intcresl sball at once become due aad
<br />payable, at the election of the MOI1p&Ce; aad Ibis mortp&e may
<br />thereupon be foreclosed immediueJy for the .tJoJe of said
<br />money, interest, monthly payments, costs,lfOUIHI rems, taaa
<br />and Ihe COlt of Clltendin, tbe abstract of title from the dale of
<br />Ihis loan to the time of commencina such foredosure suit, and a
<br />reasonable attorney's fee, aU of which sbaU be included ill the
<br />decree of foreclosure; and the contract embodied ill this mortp&e
<br />and the note secured hereby, shall in aU rapccts be aoveracd,
<br />construed and adjuqed by the laws of Nebraska. where the same
<br />is made.
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<br />The covcnanll herein contained sbaU bind, aad the beDcflts
<br />and advantqes shall inure to. the respective heirs. acculon. ad.
<br />ministrators, suc:ccsson, and assians of the parties bcrcco.
<br />Whenever used. the sinaular number shall include the plural. tbe
<br />plural the sinaular, and the use of any aeader sbaU ieeJude all
<br />acnders.
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<br />The fore,oin, conditions, all and sinlular, bei.... performed ac-
<br />cordilll to their natural and Ie,.. impon. this conveyance sbaU
<br />be void and ..id premises released at the expense of the Mort.
<br />'Blor: otherwise to be and remain in full force and cfTec:t.
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