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<br />made shall be added 10 the principal sum owins on the above
<br />nole. IhaIl be ICCW'Od hereby. ancllhall bear iDteresr. al the rate
<br />set forth in the said note. until paid.
<br />
<br />7. That tbe Mortpaor hereby auians. trlWfcn ancllCtS over
<br />to the Monsaaee. to be applied toward the payment of the note
<br />JUld allsUllll MCUred hereby in cue of a default in the perfor-
<br />mance of auy of the termI and conditionJ of this monpae or the
<br />said DOle. all che renu. revenues aud income to be derived (rom
<br />the monppd premilcl dUJ'ina such time u the mortgqc in-
<br />debtedness shall remain unpaid. and the Monpaee shall bave
<br />power to appoint any qent or qenu it may desire for Ihe pur-
<br />pose of repairiDJ said premises and of renting the same and col-
<br />lectillJ the rents. r~enues and income. and it may payout of
<br />said incomes all expenses of repairins said premises and necessary
<br />commissions and expenses incurred in renting and rnanaaing the
<br />same and o( collecting rentals therefrom; the balance remainillJ,
<br />if any. to be applied toward the discharge of said mongage
<br />indebtedness,
<br />
<br />8. That the Monsagor will keep the improvements now ex-
<br />istillJ or hereafter erected on the mongaged property, insured as
<br />may be required ffom time to time by the Mongagee against loss
<br />by fire and other hazards, casuallies and contingencies in such
<br />amounts and for such periods as, may be required by the Mon-
<br />gasec and will pay promptly, when due. any premiums on such
<br />insurance provision for paymenl of which hu not been made
<br />hereinbefore. All insurance shall be carried in companies ap-
<br />proved by the Monsasec and the policies and renewais thereof
<br />shall be held by the Monaasee and have auached thereto loss
<br />payable clauses in favor of and in form acceptable to the Mor-
<br />taasec. In event of loss Mongagor will sive immediate notice by
<br />mail to the MonlllSec, who may make proof of loss if not made
<br />promptly by Monsasor, and each insurance company concerned
<br />is hereby authorized and directed to make payment for such loss
<br />directly to the Monaasee instead of 10 the Monsasor and the
<br />Monaasee jointly, and che insurance proceeds, or any pan
<br />thereof, may be applied by the MonJllllee at its option eithef to
<br />the'reduction of the indebtedness hereby secured or to the
<br />restoration or repair of the property damased. In event of
<br />foreclosure of this monpse or other trlWfer of title to the mor-
<br />tsaaed prOperty In extinsuishment of the indebtedness secured
<br />hereby, aU right. title and interest of the MonPlor in and to
<br />any insurance policies then in force shall pass to Ihe purchaser or
<br />grantee,
<br />
<br />9. That as additional and coUateralsecurity for,the payment
<br />of che note described. and anlmnil,to'bdiOme duell~ this
<br />mortpae. che Mort88l0.r he~ I#is!'l..!~:the}"ortgqee all
<br />profits, revenues, royalties, nal1.u."lI!d~~fIts'llccruig'tothe,
<br />Monpaor under any JUld aU oil and gaS leases on 'said preinises.
<br />wich the riaht to receive and receipt for the same and apply chem
<br />to said indebtedness as well before as after default in the condi-
<br />tions of this mortPle. and the MortJllllee may demand, sue for
<br />and recover any such payments when due and payable. but shall
<br />not be required so to do. This assignment is to terminate and
<br />become nuD and void upon release of this mongage.
<br />
<br />I. wlmess wllereof the Mortgagor(s) ha v e
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<br />hereunto set
<br />
<br />In presence of:
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<br />10. That the Mortpgor will keep the buildinp upon said
<br />premises in good repair. and neither commit nor permit waste
<br />upon said land. nor suffer the said premises to be used for any
<br />unlawful purpose.
<br />
<br />11. That if the premises, or any pan thereof, be condemned
<br />under the power of eminent domain, or acquired for a public
<br />use. the damages awarded. the proceeds for \he takins of, or the
<br />consideration for such acquisition. to the ex..ent of the full
<br />amount of indebtedness upon this mongag-" and the note which it
<br />is given to secure remaining unpaid, are her~by assigned by the
<br />Mortpgor to Ihe Monsagec, and shall be paid forthwith to said
<br />Mongagee to be applied by the latter' on account of the next
<br />maturing installments of such indebtedness.
<br />
<br />12. The Mortgagor funher agrees that should this mongage
<br />IUId the note secured hereby not be eligible for insurance under
<br />the National Housing Act within days
<br />from the date hereof (written statement of any officer of the
<br />
<br />Depanment of Housing and Urban Development or authorized
<br />agent of the Secretary of Housing and Urban Development dated
<br />subsequent to the days' time from the date
<br />of this mongage, declining to insure said note and this mortgage,
<br />beins deemed conclusive proof of such ineligibility). the Mor-
<br />tgagee or holder of the note may, at its option. declare aU sums
<br />secured hereby immediately due and payable.
<br />
<br />13. That if the Mongagor fails to make any payments of
<br />money when the same become due, or fails to conform to and
<br />comply with any of the conditions or agreements contained in
<br />this mongage, or the note which it secures. then the entire prin-
<br />cipal sum and accrued interest shall at once become due and
<br />payable, at the election of the Mortgagee; and this mongage may
<br />thereupon be foreclosed immediately for the whole of said
<br />money, intefest. monthly payments. costs, ground rents, taxes
<br />and ,the cost of extending the abstract of tide from the date of
<br />this loan to the time of commencing such foreclosure suit. and a
<br />reasonable attorney's fee, all of which shall be included in the
<br />decree of foreclosure; and the contract embodied in this mongase
<br />and the note secured hereby, shall in all respects be governed,
<br />construed and adjudged by the laws of Nebraska, where che same
<br />is made.
<br />
<br />The covenants herein contained shall bind. and the benefits
<br />and advantBBes shall inure to, the respective heirs, executors, ad-
<br />miniGuators, successors. and assigns of the parties hereto.
<br />Whenever used. the singular number shall include the plural. the
<br />plural the sinauIar, and the use of any gender shall include all
<br />senders.
<br />
<br />The forqoing conditions, all and singular, being performed ac-
<br />cording to their natural and legal import. this conveyance shall
<br />be void and said premises released at the expense of the Mon-
<br />gBBor; otherwise to be and remain in full force and effect.
<br />
<br />their
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<br />hand(s) the day and year first above written.
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<br />(Sealt
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<br />ISeaIl
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