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) ) 88- 103210 made shall be added to the principal sum owing on the above note, shall be secured hereby, and shall bear interest at the rate set forth in the said note, until paid, 7. That the Mortsaaor hereby assigns, transfers and sets over to the Mortpgee, to be applied toward the payment of the note and all sums secured hereby in case of a default in the perfor- IIWJce of any of the tenDS and conditions of this mortgage or the said note, all the rents, revenues and income to be derived from the mortgaged premiSCII during such time as the mortgage in- debtedness shall remain unpaid, and the Mortgagee shall have power to appoint any aaent or .,ents it may desire for the pur- pose of repairin. said premises and of renting the same and col- lectina the rents, revenues and income, and it may payout of said incomes all expenses of repairing said premises and necessary commissions and expenses incurred in rentin, and managing the same and of colJecting rentals therefrom; the balance remaining, if any, to be applied toward the discharge of said mortgage indebtedness. 8. That the Mortaalor will keep the improvements now ex- isting or hereafter erected on the mortgaged property, insured as may be required from time to time by the Mortgag~ against loss by fare and other hazards, casualties and contingencies in such amounts and for such periods as may be required by the Mort- gqee and will pay promptly, when due. any premiums on such Insurance provision for payment of which has not been made hereinbefore. All insurance shall be carried in companies ap- proved by the Mortpaee and the policies and renewals thereof shall be held by the Mortsaaee and have attached thereto loss payable claUJel in favor of and in form acceptable to the Mor- tppe. In event of Iou Mortgagor will give Immediate notice by mail to the MOr1Jqee, wbo may make proof of 1011 If not made promptly by Monaqor, and each insurance company concerned is hereby authorized and directed to make payment for such loss dim:tly to the Mortpaee instead of to the Mortpgor and the Mortaqee jointly, and the insurance proceeds, or any pal1 thereof, may be applied by the Mortpaee at its option either to the 'reduction of the indebtednas hereby secured or to the restoration or repair of the property damqed. In event of foredoaure of this mortpae or other ttanafer of title to the mor- tgqed property in cxtinauishment of the indebtednas secured hereby, all ri&ht, title and interest of the MortPlor in and to any insurance polic:icl then in force shall pass to the purchaser or arancee. 9, That ~ M4itional apd C()llaterallCCUrity for the payment of the note daicribed,a&'ld anliimJ tobocome due under this monaqe'ithe "o~~""""',to thl: MortPlee all profitl, r~i'toya&Ua:.~ti~ benel'itfl accruiJII to the MortpIOr under any and aU oil aDd.... leuieI on said premises, witb the rilht to receive and receipt for the same and apply them to said iadebtedneu as well before as after default in the condi. tiODI of thil mortNe, and the Mortwee may demand, sue for and recoVCJ any luch payments when due Rnd payable, but shall not be required 10 to do. Th.. Ulianment is to terminate and become null and void upon rdtut of this mortJIIC. I. wiC_ wllereof the MortlQor(s) h'" e In presence of: hereunto set 10, That the Mortg.,or will keep the buildings upon said premises in good repair, and neither commit nor permit waste upon said land, nor suffer the said premises to be used for any unlawful purpose. 11. That if the premises, or any part thereof, be condemned under the power of eminent domain, or acquired for a public use, the damages awarded, the proceeds for the taleina of. or the consideration for such acquisition, to the extent of the fun amount of indebtedness upon this mortgage and the Dote which it is given to secure remaining unpaid, are hereby assiped by the Mortg.,or to the Mortgagee, and shalt be paid forthwith to said Mortgagee to be applied by the tatter on account of the next maturing installments of such indebtedness. .. 12, The Mortgagor further agrees that should this mortgage and the note secured hereby not be eligible for insunmce under the National HOWling Act within days from the date hereof (written statement of any officer of the Department of Housing and Urban Development or authorized agent of the Secretary of Housing and Urban Devdopmattdated subsequent to the days' time from the date of this mongage, declining to Insure said DOte and this JDOrtp&e, being deemed conclusive proof of such ineli8alrility). the Mor- tgagee or holder of the note may. at itl option. dcdare aU sums secured hereby immediately due and payable. 13. That if the Mortgagor fails to malee any paymeatl of money when the same become due. or fails to conform to and comply with any of the conditions or agr1!IaDmtl rnnt.inM in this monNe, or the note which it secures. thcn the attire prin- cipal sum and accrued interest shall at 0DCiC become clue and payable, at the election of the Mortsqee; and this mortp&Ie may thereupon be foreclosed immediately for the whole of said money, interest. monthly pa)'IDCDtJ, costI, arouad reub. tueI and the co.t of extendina the abstract of title from the date of this loan to the time of commmc:ina sucb foreclosure suit. ad . reasonable attorney's fee, all of whicb shaD be indudcd in tile decree of foreclosure; and the contract embodied in this IIlOItIQC and the note secured ~y, ,ball in aD ~ be ~.oed. construed and adjudged by the laws of Nebrasb, where die same is made. The covenants herein contained shaD bind, aDd the beaefdl and advantqes shall inure to. the respectiYe bein. aeculon. ad- ministrator., IUC\:CllOn. and uaiptI of die penies Mrelo. Whenever used, the siqular Dumber IbaU iDdude the pIun). the plural the liDlular, and the UIe of any ICDdcr sbaU iDdude an lenders. The forqoiDl conditions, all and linaular. beina performed at. cordina to their natural and lept impon, this con~ shall be void and said premisa relealCd at the expense of the Mon. llior; otherwise to be and remain in fuUforce and d'fect, t h ej..: ~_A /?J hand(s) the day and year rim aboYC writcee. ~~~ C. ~ ..... Mitchell C. Hansen ~ ..... r:&fd~ f/ ~rw''''- ..... ar ene . ansen ISeIII rs.IJ . .' P-oe 3 of .