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<br />88- 1038l.1(i
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<br />the property otherwise after default, the Mortgagee shall apply, at the time of the commencement of such
<br />proceedings, or at the time 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 accrued 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 postponement or exten-
<br />aion of the time of payment of the indebtednellS or any part thereof secured hereby.
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<br />S. He/she will pay allsround rents, taxes, assessments, water rates and other governmental or
<br />munidoal charges, fines or impositions, levied upon said premises and that helshe will pay all taxes levied
<br />u~n t6is mortgage, or the 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 leaal holder of said principal note, on ac-
<br />count of this indebtedness, except when payment for all such items '"has theretofore been made under (a) of
<br />~ag:raph 2 hereoft pod helshe will promptly deliver the official receipts therefor to the Mortgagee. In
<br />ClefaUlt 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 />at its option, may payor perform the same, and all expenditures so made shall be added to the principal sum
<br />Owilll 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 suma ad\'anced b)' ~ortgagee for the alteration, modernization or improvement madp at the
<br />Mortgagor's request; or for maintenance of said premises, or for taxes or assessments against the same,
<br />and for any other purpose elsewhere authorized hereunder, Said note or notes shall be secured hereb)'
<br />on a parity with and as fully as if the advance evidenced thereby were included in the noh! first described
<br />above. Said eupplemental note or notes shall bear interest at the rate provided fOI" in the Pl'incillal indebt-
<br />edneaa and IhaU be payable in approximately equal monthly payments for such period as ma~' be agreed
<br />upon by the Mortgagl!e and Mortgagor. Failing to agree on th{' maturity, the whole of till' sum or sums
<br />80 advanced shall be due and pal' able thirty (30) days after demand by the Mortgagel', In lIO e\'('nt shall
<br />the maturity extend beyond the ultinlate maturity of the note first described abo\'(>,
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<br />8. He/she hereby assigns, transfers and sets over [0 rhe Mongagee, [0 be applied toward thl.' payment
<br />of the note and all sums secured hereby III case of a default in the performance of any of the terms and con-
<br />ditions of thill Mortgage or the sald note, all the rents, revenues and income to be dl'ri\'ed from the mort-
<br />gaged premi1ell durinll' such time as the mortgage indl'btedness shall remaill unpaid; and the Mortgagee
<br />shall have power to .appoint any agent or agenu it may desire for the purpose of fl.ntinl{ the same and
<br />collecting the rents, revenues and income, and it may payout of said incoml's all nl'l'1'8sllry commissions
<br />and expenses incurred in renting and man,.&". ,'~It' the same and of collecting rl'lltals therefrom; the balance
<br />remaining, if any, to be applied toward thl!' ctill4harge of said mortgage indebtedness.
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<br />9. He/she will continuouslyma1nCaist.hakrd insurance, of such type or types and amounts as the
<br />Mortgagee may f19m dmc,lo ......,tequii.i00 ttle improvements now or hereafter on said premises, and e!'--
<br />cept when paymelll.Ioi.~suc:hptalUums has Iheretofore been made under (a) of parqraph 2 hereof, w1l1
<br />pay promptly when due any premiums therefor, Upon default thereof, Mortgagee may pay the same. All in-
<br />surance shall be auried in companies approved by the Mortgagee and the policies and renewals thereof shall
<br />be held by the Mortgagee and havc attached lhereto loss payable clauses in favor of and in lorm
<br />acceptable to the Mortll'age.., In e\"('lIt of 10lIlI Mortgagor will give immediatl' notin' br mail to th.. Mort-
<br />~, who may make proof of 10sa if not made promptly by Mortgagor, and each insurancI' company
<br />concerned is hereby authoriu'd and directed tAl make payment (or such loss directl)' to the Mortgagee
<br />instead of to the Mortgagor and the Morlgaj{et' jointly, and the insurance proceeds. or any part thereof,
<br />may be applied by the Mortpgee at its optlon either to the reduction of the indebWness hereby secured
<br />or to the restoration or repair of thl' propl'rty damaged, In ('\'ent of forLoclosuft' of this mortgaK1!. or other
<br />transfer of title to the mortgaged propl'rt). in extinguishment of the ind..btedness secured hereby, all
<br />ript. title and interest of the Mortgagor in and to any insurallc.. policies then in force shall pass to the
<br />purchaser or vantee.
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<br />10. As additional and collateral security for the payment of the note described, and 811 sums to become
<br />due under this mortgase. the Mortgagor hel"eb)' assigns to the Mortgagee all lea.'le bonuses, profits, reve-
<br />nue., royalties, ripta and other benefit8 accruing to the Mortgagor under any and all oil and gas leases
<br />now, or during the life IIf this mortgage, executed on said premises, with the right to receh'e and receipt
<br />for the same and apply them to said indebtedne&ll 811 wpll before as after default in the conditions of this
<br />morf.lrap, and the Mortgagee may demand, sue for and recover Bny such paym..n!." when due and payable,
<br />but eliall not be required 80 to do. Thill assignment is to terminate and become null and void upon release
<br />of thi. mortpJre,
<br />II. He/she shall nOI commit or permil wastc; and shall maintain the property in as good condition as
<br />at present, reasonable wear and tear excepted, Upon any failure to so maintain, Mortgagee, at its option,
<br />may cause reasonable mainlenance work to be performed al the COSI of Mortgagor. Any amounts paid
<br />lherefor by Mortgagee shall bear interest at 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 indebtedneu IeCUred hereby, and shall be payablc thirty (30) days after demand,
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<br />12, He/she will not execute or file of record any instrument which imposes a restriction upon the salt'
<br />or occupancy of the property described herein on the basis of ract', color or creed.
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<br />13. If the premlaea, or any part thereot, be condemned under the power of eminent domain, or acquired
<br />(or a public UIe, the damqn award.ed, the froc:eeds !or the taking of, or the consideration for luch
<br />lIir,qul.itlon, to the extent of the full amount 0 the remalninr unpaid indebU!dnelllllCCured by thill mort-
<br />pp, are hereby auil'llM to the Mortralf1!C, and shall be r,.id forthwith to !laid Morlpgt'e, to be IIllplird
<br />on ~nt of the lut maturlnll' inatallmenta of such Indebt.edneas.
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<br />.4, I( the Mortcalor fall. to make IIny paymenu when due, or to conto"" to IInd rom ply with IIn)'
<br />of the eondltlon. or qreementa contained in thil mortgalrl!, or the notes which it secures, or if th.. Mort-
<br />PC01' be adJudleakd bankrupt or made defendant in a bankruptcy or recelvl!TlIhlp pl'OCt'l!dinlf, then the
<br />",tI... prlnelJ*! tum ancllU'Cl'Ut!d In\erst Ihall at once bt!come due and p-.yah1e>, at the election of t.he Mort.
<br />~: aDd thlJ morttnae may thereupon be foreclolled immC!diately for the whole ot thl' indrbt..dnrllll
<br />he" NCUred. lneludln. the wet of extendln, the llblltract 01 title from the da~ of thlll mortli'1l1l'f' to thl'
<br />Unw 01 eoIIUIWfIClnl.um I1Ilt, a ,....,nable attorney'. tee, and any .um. paid by the V(!tA!ranll Adminilltra.
<br />Uon on a<<()Unt of the parant" or insurance 01 the Indebtedneu aeeured hl'r..h)'. all or whirh "hnll tll'
<br />InduW in tit. dferee of fGl'tlCloIure.
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<br />Iti. TaUl U UnltANl8t&* Cod" and the Rq\llaUons i..uf!d the",under ,hall fUvl!m the rlRhlA, duUr"
<br />and llabllltl_ of th. pu1JeI ......to. and an)' provl.lon. at thlll or other InltMlmenl1l elul('utt'(llTIl'lInnN.'tilln
<br />with ..w 11MIebWd.... which Ah! Ineo.nl4lt.ent with lAid TIU. or RelrUlatillnll arC' hC'""b)' 1U1IC'lldt'd and
<br />.u~W to eowtonn th.nlo.
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