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<br />made shall br added to the principal sum owin. on the above
<br />note, shall br ICCUred hereby, Ind shall bear Interest .1 the rale
<br />set ronh in the said notc, unlll paid.
<br />
<br />7. That the Monaaaor hereby auiam. uamfen and leU over
<br />to the Mon.llee, 10 be applied towud the payment of the note
<br />and all sum. securtd hereby in case or I derlUl1 In Ihe perror-
<br />mance of any of the terms and conditions of Ihls marla_Ie or Ihe
<br />said nOlc. aU the rents, revenues and Income to be derived from
<br />the monpaed premises durinS such time as thr monlale in-
<br />debledness sbaD remain unpaid, and the Monaaaee shall have
<br />power to appoint any agent or asents il may desire for the pur-
<br />pose of repamnl said premises and of rentinl the same and col.
<br />lectina the rents, revenues and Income, and il may payout or
<br />said incomes aU expenses of repairing said premises and necessary
<br />commissioDJ and expenses incurred in renting and managing the
<br />same and of c:ollectinS rentals therefrom; the balance remainini,
<br />if any. to be applied loward the discharle of said mortgage
<br />indebtedn....
<br />
<br />8. That the Mongqor will keep the improvements now e;lj-
<br />bting or hereafter erected on the monsaged propcny. insured as
<br />may be required. from time to time by the Mongage'C agaiost loss
<br />by fire and other hazards, casualties and contingences in such
<br />amounts and for IUch periods as may be required by the Mort-
<br />gqee and will pay promptly, when due, any premiums on Illch
<br />insurance provision for payment of which has not been made
<br />hereinbefore. All insurance shall be carried in companies ap-
<br />proved by the Monpgee and the polices and renewals Ihereof
<br />shall be held by the Mortgqee and have attached thereto Iou
<br />payable clauses in favor of and in fonn acceptable to the Mar.
<br />tJlllee. In event of loss Mortgaaor will aivr immediate notice by
<br />mail to the Martgq:eI:', who may make proof of loss if not made
<br />promptly by Mongllor, and each Insurance company concerned
<br />is hereby Buthorized and directed to make payment for such IO!5
<br />directly to the Mortgqt:e instead of to the Mortgagor and the
<br />MOrtp@ee jointly. and the insurance proceeds, or any part
<br />thereof. may be applied by the Muiti:"'~ al ilJ opllon either to
<br />the reduction of the indebtedness hereby secured or iu t!:e
<br />reatoration or repair of the property dl.lll.qed. In event of
<br />foreclosure of lhis mortaqe or olher transfer of title to the mor-
<br />tailed property In atin,ui,hment of Ihe indebtednCSJ secured
<br />hereby. all fiaht. title and interest of the Mortgagor in and to
<br />any insurance policies then in force shall pan to the purchaser or
<br />aranlee.
<br />
<br />9. 1boI :~e'ill:<urilY ror th. plymenl
<br />oC the note, d . t+:ome due under this
<br />mon...e, ~~] .....'0 the Monall&~ In
<br />profiu. rcveau.e.;;MiaWiI n.h~ .....wnefits aecruin. to the
<br />Monaqor under any and aU oil and au leases on d.id premises,
<br />with the riabt to receive and rcc:dpt for the same and apply them
<br />to said indebcedness as weD before u after default in the condi-
<br />tions of tbis mon,.,e, and the Mortpaec may demand. sue for
<br />and recover any IUeh payments when due and payable. but ,hall
<br />.not be required 10 10 do. This auipmcnt is to tennm.te and
<br />become null and void upon rekuc of Ihis monlAlc.
<br />
<br />I. ....... ,,~, the MortPBor(s) ha va
<br />
<br />hereunto SC1
<br />
<br />In praenc;:e of:
<br />
<br />)
<br />
<br />88_104967
<br />
<br />10. Thlt ,he Monalgar will keep the bulldlnlS upoa 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 />unlawCul purpose.
<br />
<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 taking of, or the
<br />considc:ration for such acquisition, to the extent of the full
<br />amount of indebtedness upon this morrgage and the note which it
<br />is given to secure remaining unpaid. arc hereby assigned by the
<br />Mongagor 10 the Mortgagee, and shall be paid forthwith to said
<br />Mortgagee to be applied by the laner on account of the next
<br />maturing installments of such indebtedness.
<br />
<br />12. The Mongagor further agrees that should this mortgage
<br />and the nOle 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 />Depanmenl of Hawing and Urban Development or authorized
<br />agent of the Secretary of Housins and Urban Development dated
<br />subsequent to the days' time from the date
<br />of this monsage. declining to insure said note and this mortgage.
<br />heing deemed conclusive proof of such ineligibility), the Morw
<br />tgagee or holder of the note may, at its option. declare all sums
<br />secured hereby immediately due and payable.
<br />
<br />13. That if 1he Mortgagor fails to make any payments of
<br />money when the same become due. or fails 10 conform to and
<br />comply with any or the conditions or agreements contained in
<br />this mortlale, 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 Ihe Mortgagee; and this mortpse may
<br />thereupon be foreclosed immediately for the whole of said
<br />money, interesl, monthly payments, costs, Braund renll. t&XCI
<br />and the cost or extending the abstract of tirle from the date of
<br />this loan to the lime of commencina such Corr.c:losure suil. Ind a
<br />reasonable auorney's fcc, all of which shall be included in the
<br />~.~I'll:! or foreclosure:; and the conlraa embodied in thil monpSe
<br />and the nOli ~.-cured hereby, shall in all respects be governed.
<br />construed and adjuci.,",~ ~!' the lawl of Nebraska. where the lame
<br />is made.
<br />
<br />The covenants herein contained shall bind. and .i..: !;.w!Qefiu
<br />and advantaats shall inure to. the respective heirs, executors. &1-
<br />ministrators, SUccesIOrs. and BuilnJ of the parties hereto.
<br />Whenever uRd. the singular number shall Include the plural. Ihe
<br />plural the sinaular. and the use of any gender shall include all
<br />genders.
<br />
<br />The Coregoing conditions. all Bnd singular, being pcrConned acw
<br />cording 10 their natural and legal import. Ihis conveyance shall
<br />be void and said premises released allhe expense of the Morrw
<br />gagor; otherwise (0 be and remain in full force and effect.
<br />
<br />
<br />(Seal)
<br />ISeall
<br />(Seal!
<br />(Seal!
<br />(Seall
<br />
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