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<br />88- 103031
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<br />tilt! property otherwise after default, the Mortgagee shall apply, at the time of the commencement of such
<br />proceedings, or at the lime the property is otherwise acquired, the amount then remaining to credit of
<br />Mortgagor under (a) of paragraph 2 preceding, as a credit on the interest at:crued and unpaid and the
<br />balance to the principal then remaining unpaid on said note.
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<br />4. The lien of this instrument shall remain in full force and effect during any postppnement or exlen-
<br />sion of the time of payment of the indebtedness or any part thereof secured hereby.
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<br />S, He/she will pay all ground rents, taxes, assessments, water rates, and other: governmental or
<br />municipal charges, fines, or impositions, levied upon said premises and that he/she will pay all taxes levied
<br />upon this mQrtgage, or tne debt secured thereby, together with any other taxes or assessments which may be
<br />levied under the laws of Nebraska against the Mortgagee, or the legal holder of said principal note, OD ac-
<br />count of this indebtedness, except when payment for all such items has theretofore been made under (a) of
<br />paragraph 2 hereof, and helshe will promptly deliver the official receipts therefor to the Mortgagee. In
<br />t:lefault thereof the Mortgagee may pay the same.
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<br />6, If helshe fails to pay any sum or keep any covenant provided for in this Mortgage, the Mortgagee,
<br /><It its option, may payor perform the same, and all expenditures so made shall be added to the principal sum
<br />Owing on the above note, shall be secured hereby, and shall bear interest at the rate provided for in the prin-
<br />cipal indebtedness until paid.
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<br />7, Upon request of the Mortgagee, Mortgagor shall execute and deliver a supplemental note or notes
<br />for the sum or sums advanced by Mortgagee for the alteration, modernization or improvement made at the
<br />Mortgagor's request; or for maintenance of said premises, or fur taxes or assessments against the same,
<br />and for any other purpose elsewhere authOrized hereunder, Said !Iole or notes shall be ,'1ecured hereby
<br />on a parity with and as fully as if the advance evidencl:d thereby were included in the note firl't described
<br />above. Said supplemental note or notes shall bear interest at the rate provided for in the principal indebt-
<br />edness and shall be payable in approximately equal monthly payments for such period as may Lr agreed
<br />Upon by the Mortgagee and Mortgagor. Failing to agree on till> maturity, the whole of the sum or sums
<br />so advanced shall be due and payable thirty (30) days after demand by the Morlgagee. In no e\'ent shall
<br />the maturity extend beyond the ultimate maturity of the note first described above.
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<br />8. He/she hereby aSSigns, transfers and sets over to the Mortgagee, to be applied toward the payment
<br />of the note and all sums secured hereby in case of a default III the performance of any of the terms and con-
<br />ditiuns of this Mortgage or the said note, all the rents, revenues and income to be derived from the mort-
<br />gaged premises during such time as the mortgage indebtedness shall remain unpaid; and the Mortgagee
<br />shall have power to .appoint any agent or agenls it may desire for the purpose of renting the same and
<br />collecting the rents, revenues and income, and it may payout of said incomes all necessary commissions
<br />and expenses incurred in renting and mana~ng the same and of collecting rentals therefrom; the balance
<br />remaining, if any, to be applied toward the dischargl' of said mortgage indebtedness.
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<br />9. He/she will continuously maintain hazard insurance. of such type or types and amo~mts as the
<br />Mortgagee may from time to time require, on the improvements now or hereafter on said premi~es, and e!l-
<br />cept when payment for aU such premIUms has theretofore been made under (a) of paragraph 2 h~reof, will
<br />pay promptly when due any premiums therefor. Upon default thereof, Mortgagee may pay the same. All in-
<br />surance shall be carried in companies approved by the Mortgagee and the policIes and renewals thereof shall
<br />be held by the Mortgagee and have attached thereto loss payable clauses in favor of and in form
<br />acceptable to the Mortgagl'e. In event of 10511 Mortgagor will give immediate notice by mail to the Mort-
<br />gagee, who may make proof of loss if not made promptl}' by Mortgagor, and each insurllnCt> company
<br />concerned is hereby authorized and directed tn make payment for such loss directly to the Mortgagee
<br />instead of to the Mortgagor and Lhe Mortgagee jointly, and the insurance proceeds, 01" any part thereof,
<br />may be applied by the Mortgagee at its option pit her to lhe reduction of the indebledness hereby secured
<br />or to the restoration or repair of the property damaged, In event of foreC'losurl' of this mortgage, or other
<br />transfer of title to the mortgaged propl>rty in extinguishment of the indebtedness se<'ured hereby, all
<br />right, title and interest-of'the Mortgagor'in and to any insurance policies then in force shall pass to the
<br />purchaser or grantee.
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<br />10. As additional and collateral security for the payment of the note described, and all sums to become
<br />due under this mortgage, the Mortgagor hl'I'eby assigns to the Mortgagee all lease bonuses, profits, re.'e-
<br />nul'S, royalties, rights and other benetit.~ acC'ruing to the Mortgagor under any and all oil and gas leases
<br />now. or during the life uf this mortgage, ex{'cuted on said pri'mises, with the right to receive and receipt
<br />for the same and apply them to said indebtedness as wpll before as after default in the conditions of this
<br />mortgage, and the Mortgagee may demand, su(' for and recovt'!r any such payments when dup and payable,
<br />but shall not be required so to do. This assignmpnt is to terminale and become null and void upon release
<br />of this mortgage.
<br />II. He/she shall not commit or permit waste; and shall maintain the property in as good condition as
<br />at .,!resent, reasonable wear and tear excepted. Upon any failure to so maintain, Mort,gagee, at its option.
<br />may cause reasonable maintenance work 10 be performed at the cost of Mortgagor. Any amounts paid
<br />therefor by Mongagee shaU bear interest al the rate provided for in the principal indebtedness, shall
<br />thereupon become a part of the indebtedness secured by this instrument, ratably and on a parity with all
<br />other indebtedness secured hereby, and shall be payable thirty (30) days after demand.
<br />I;!, He/ she Will not eXt'CUle or file of record any IIIstrument which imposes a restriction upon the sale
<br />or occupancy of the propert)' described herem on the basis of race, color or creed.
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<br />13. If the premises, or any part thereof, be condemned under the power of eminent domain, or acquired
<br />for a public use, the damages awarded, the proceeds for the taking of, or the consideration for such
<br />acquisItion, to the extent of the full amount of the remaining unpaid indebtedness secured by this mort-
<br />gage, are hereby assigned to the Mortgagee, and shall be paid forthwith to said Mortgagee, to be applied
<br />on account of the I&st maturing installments of such indebtedness.
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<br />14. If the Mortgagor faila to make any pa)'ments when due, or to confonn to and comply with any
<br />of tht' conditions or agreements contained in this mortgage, or the noles which it secures, or if the Mort-
<br />gagor be adjudic.~ bankrupt or made defendant in a bankruptcy or receivership proceeding, then the
<br />entirt' prinCipal Bum and accrued interest shall at once become due and payable, at the ele<:tion of the Mort.
<br />PIt'C; arid this mortrap may thereupon be foreclosed immediately for the whole of tht' indpbtt'dllNIS
<br />her-eby lWCurl'd. includinr the COlIt of extending the .b.~lract of title from the date of this tnortlCBlfI.' to th,.
<br />timl:' of commencinll' .ueh liult,. reasonable attorney's fee, and any lIums paid by the Vel('ranll Adminilltrll'
<br />lion on &COonnt or the guaranty or Insuranet' of the indebtednell8 ~ured hf'reby, all of whidl l'lhllll he
<br />IncJudl"d in !hI'! dG'Cn-t!' or roftdlltll;~.
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<br />If), Title 38 UnilAld St.aL.o ('..ode, and the ({egulations Wbed thereundu shnIlIr'JV"m the riJl'ht~. t1uUp~
<br />and ll11biJiU.,. of thl! puti,. hIIlreto,lUId any Ill"OvinJonll of this or other instrumenb ,'ll,......uh..l in "lIl1lll'<.'lI"T1
<br />with Il4ld Inlh'h~M" which &n! inconllilt.ent with said Titll' or UeR'UI&tiullll nrt' h,'r.-h)' Ilflh'tllll'>.1 Bllll
<br />Guppll'mil'ntf!qf to conronn lh,,",....,
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