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<br />08- 104050
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<br />, made shall be added to the principal sum owing on the above
<br />note, shall be ICCllred hereby, and shall bear interest at the rate
<br />Sel forth in the said note, until paid.
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<br />7, That the Mortll8lor hereby assigns. transfers and sets over
<br />to the Mortgqee, to be applied toward the payment' of the note
<br />and aU sums secured hereby in case of a default in the perfor-
<br />mance of any of the terms and conditions of this mortpge or the
<br />said note, all the rents, revenues and income to be derived from
<br />the mortgqed premises during such time as the mortgqe in-
<br />debtedncu shaJJ remain unpaid, and the Mortpgee shall have
<br />power to appoint any aaent or aaents II may desire for the pur-
<br />pose of repairing said premises and of renting the same and col-
<br />lectinB the rents, revenues and income, and it may payout of
<br />said incomes all expenses of repairing said premises and necessary
<br />commissions and expenses incurred in renting and managing the
<br />same and of collecting rentals therefrom; the balance remaining,
<br />if any, to be applied toward the discharge of said mortgage
<br />indebtedness.
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<br />8. That the MortPllor will kcep lhe improvements now eJl'
<br />isting or hereafter erected on lhe mortll8led property, insured as
<br />may be required from time 10 time by the MortBagee against loss
<br />by fire and other hazards. casualti:s and contingencies in such
<br />amOUDII and for such periods as may be required by the Mort-
<br />Plee and wI1l pay promptly, when due, any premiums on such
<br />Insurance provision for paymenl of which has not been made
<br />hereinbefore. All il15urance shall be carried In companiC:l ap-
<br />proved by the Mortgagee and the policies and renewals thereof
<br />shall be held by the Mortll8lee and have auached lhereto loss
<br />payable clauses in favor of and In fnrm acceptable 10 lhe Mor-
<br />tPlee. In event of Iou Mortgagor will give immediate notice bv
<br />mall to the Mortaqee, who may make proof of loss if not made
<br />promptly by MortPlor, and each insurance company concerned
<br />is hereby authorized and directed to make payment for such loss
<br />directly 10 tbe Mortgqee instead of to the Mortgagor and the
<br />MonPlee jointly. and the insurance proceeds, or any part
<br />tbereof, may be applied by the Mortgagee al its option either 10
<br />the reduction of the indebtedncu hereby secured or to Ihe
<br />restoration or repair of the property damaged, In eveDl of
<br />foreclosure of this monPle or olher transfer of title 10 the mor-
<br />laqed property in extinguishment of lhe indebtedness secured
<br />hereby, all right. title and imerest of lhe MortPlor in and to
<br />any insurance policies then in force shall !'Us to the purchaser or
<br />arantee.
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<br />9. That u additional and collateral securilY for the payment
<br />of the note dClCribed, and aIIswns to become due under lhis
<br />monpae, the Monpaor hereby Ulips to the Mortppe all
<br />profits, revenues. royalties, rights and benelils accruillJ to the
<br />Monpaor under any and all 011 and ... leases on said premises.
<br />with the riabt to receive and receipt for the S&IDC and apply them
<br />to said indeblcdnesa as well before as after default in the condi.
<br />tions of this mortgage, and th: Mortgagee may demand, sue for
<br />and recover any such payments when due and payable, bUI shall
<br />not be required 10 to do, This assianment is to terminate and
<br />become null and void upon release of this mortPle,
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<br />I. witMa wlleftor the Mortgagor(s} ha ve
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<br />hereuDlo set
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<br />In presence of:
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<br />10, Tbat lhe Mortgagor will keep the buildings 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.
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<br />II, That if the premises, or any part thereof, be condemned
<br />under the power of eminent domain. or acquired for a public
<br />use, the damages awarded, the proceeds for the laking of, or the
<br />consideration for such acquisition. to the extent of the full
<br />amount of Indebtedness upon this mortgage and the note which it
<br />Is given to secure remaining unpaid, are hereby assigned by the
<br />Mortgagor to the Mortgagee, and shall be paid forthwith to said
<br />Mortgagee to be applied by the lauer on account of the neJlt
<br />maturing installments of such indebtedness.
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<br />12, The Mortgagor further agrees that should this mortgage
<br />and the note secured hereby not be ellllible for insurance under
<br />the National Housing A~"t within days
<br />from the date hereof (wrinen statemenl of any offic:r of the
<br />Department of Housing and Urban Development or authorized
<br />agent of the Secretary of Housing and Urban Development dated
<br />subsequent 10 the days' time from the date
<br />of this mortgage, declining [0 insure said note and this mortgage,
<br />being deemed conclusive proof of such ineligibility), the Mor-
<br />tgagee or holder of lhe note may, at its option, declare all sums
<br />secured hereby immediately due and payable,
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<br />13, That if the MortgBllor fails 10 make any payments of
<br />money when Ihe same become due, or fails to conform 10 and
<br />comply with any of the conditlol15 or agreements contained in
<br />this mortgage, or the note which it lIecUres. then the entire prin-
<br />cipal sum and accrued interest shall at once become due and
<br />payable. at the election of Ihe Mortgagee; and Ibis mortgaae may
<br />thereupon be foreclosed immediately for the whole of said
<br />money, imeresl, monthly payments. costs, ground rents. taxes
<br />and the cost of extendilllthe abstract of title from the date of
<br />tbis loan 10 the time of commencing such foreclosure suit. and a
<br />reasonable anorney's fee. all of which shall be in~luded in the
<br />decree of foreclosure; and the contract embodied in this mortPle
<br />and the note secured hereby, shall in all respects be 1JOftnlCd.
<br />conllrued and adjudged by the laWl of Nebraska, where the AllIe
<br />i. made,
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<br />The covenants herrin contained shall bind, and the benefits
<br />and advantaaes shan inure to, the respective hein, executoR, ad-
<br />ministrators, 'UCCClliOrs, and a..igns of the panies hereto.
<br />Whenever used, the sin,ular number shall include the plural. the
<br />plural the sillJular, and the use: of any lender shall include all
<br />,enckrs,
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<br />The forCloin, condilions, all and sillJular, brin, performed ac-
<br />cord in, to their natural and Iep\ impon, this conveyance ,hall
<br />be void alld uid premises released at the expense of the Mon-
<br />gagor; otherwise to be and remain in full fo= and effect,
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<br />~ hand(s} th~rrst above w::;
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<br />1e Ann roehl
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<br />~301.
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