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<br />)
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<br />mad. shall be added 10 Ih. principal sum owing on Ih. above
<br />nOl.. shall be secured hereby. and .haII bear int.resl al th. ral.
<br />set fonh in 1he said nOl., unlll paid.
<br />
<br />7. That the Mortsaaor hereby assigns, transfers and sets OYer
<br />10 the Mongag.., 10 be applied toward lh. paymml of the nol.
<br />and all sums secured hereby in case of a d.fault 10 Ih. perfor-
<br />mance of any or the terms and conditions of this mortgage or the
<br />said notc. all the rents. revenues and income to be derived from
<br />th. mongaged premises during .ueh tim. as th. mongag. in-
<br />d.btedness .haII remain unpaid, and lh. Mongagco .hall have
<br />power to appoint any agent or agent!! it may desire for the pur-
<br />pose of repairing said premises and of renting the same and col-
<br />lecting the rmb, revenues and income, and it may payout of
<br />said incomes all expenses of repairing said premises and necessary
<br />commissions and expenses incul'1"ed in renting and managing the
<br />same and of collecting rentals therefrom; the balance remaining,
<br />if any, 10 be applied loward Ih. dbcharg. of ,aid mongll6.
<br />ind.btedn....
<br />
<br />8. That tbe Mortgagor will keep the improvements now ex-
<br />isting or hereafter erected on the mortgaged property I insured as
<br />may be required from time to time by the Mortgagee against loss
<br />by fue and other hazards, casualties and contingencies in such
<br />amounts and for such periods as may be required by the Mon~
<br />gagee and will pay promplly. when due, any premiums on such
<br />insurance provision for payment of which has not been made
<br />hereinbefore. All insurance shall be carried in companies ap-
<br />proved by th. Mongagco and th. policies and renewals ther.of
<br />shall be h.ld by 1he Mongagco and have attached th.reto loss
<br />payable clauses in favor of and in form acceptable to the Mor-
<br />tgagee. In event of loss Mortgagor will give immediate notice by
<br />mail to the Mongqee, who may make proof of 1055 if not made
<br />promptiy by Mortgagor, and each in.urance company concerned
<br />is hereby authorized and directed to make payment for such 1055
<br />direclly 10 lh. Mongag.. inslead of \0 Ih. Mongagor and th.
<br />Mongagee jointly. and the insurance proceeds, or any pan
<br />thereof, may be applied by the Mongagee at its option either to
<br />the reduction of the indebtedness hereby 5~Ured or to the
<br />restoration or repair of the property damaBed. In event of
<br />for..l05m. of lhls mortgage or other transfer of titi. to Ih. mor-
<br />19a9ed property in .xtinguishm.nt of Ih. Ind.btedness secured
<br />hereby, all righl. titi. and interest of the Mongagor in and to
<br />any insurance poticles thm in force shall pass to Ih. purchaser or
<br />grantee..
<br />
<br />9. n.ara.:EtI~.~ '"'-I:f:"~" '-'. rily for the paym.nl
<br />of the Dote desi:ribCllOil! m. due under IhIs
<br />monaaa., tbC. Ih. Mongagco all
<br />profits, revenuiit-..... . . .. , . fits accruing to the
<br />Mor\plOT under any and all oU and ps I..... on said premi....
<br />with 1he riabl 10 receive and receipt for th. sam. and apply them
<br />to said indebtcdDcu as well before as after default in the condi-
<br />tions of this mortsale, and the Mongagee may demand, sue for
<br />and rec<lver any lOch paymmls whm due and payable. but shall
<br />Dol be required 10 10 do. 'Ibls asslgnmml b \0 lerminal. and
<br />become Dull and void upon rei.... of IhIs mortgag..
<br />
<br />In w1_ .._r the Mongagor(s) have hereunlo SOl
<br />
<br />In presence of:
<br />
<br />00)
<br />
<br />88- i 968aa
<br />
<br />10. That Ih. Mongagor will keep Ih. buildings upon .ald
<br />premlscs in Bood repair, and neither commit nor permit WlUte
<br />upon said land, nor suffer the said premises to be used for any
<br />unlawful 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 takinB of, or the
<br />consideration for such acquisition, to the extent of the full
<br />amount of indebtedness upon this mortgage and the notc which it
<br />is Biven to secure remaining unpaid, are. hereby assigned by the
<br />Mongagor to th. Mongag.., and shall be paid fonhwlth to said
<br />Mortgagee to be applied by the latter on account of the next
<br />maturing installments of such indebtedness.
<br />
<br />12. Th. Mongagor funh.r agr..' that should this mongag.
<br />and the note secured hereby not be eUgible for insurance under
<br />the National Housing Act within days
<br />
<br />from the date hereof (written statement of any officer of the
<br />
<br />Department of Housing and Urban Development or authorized
<br />
<br />agent of the Secretary of Housing and Urban Development dated
<br />
<br />subsequent to the days' time from the date
<br />of this mortgage, declining to insure said Dote and this monBage,
<br />being deemed conclusive proof of such ineligibility), the Mor-
<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 the Mongagor fails to make any payments of
<br />money when the same become due, or fails to conform to and
<br />comply with any of the conditions or agreements contained in
<br />this mongaBe, or the note which it secures, then the entire prin-
<br />cipal sum and accrued interest shaD at once become due and
<br />payable. at the election of the Mortgagee; and this mortgage may
<br />th.reupon h. fo,..lo.ed immedlat.ly for th. whol. of said
<br />money. interest. monthly payments, costs, ground rents. taxes
<br />andth. cost of "l.ndlng lh. abstract of 1111. from Ih. dal. of
<br />this loan to the time of cornmcncinB such foreclosure suit. and a
<br />reasonable anorney's fee, all of which shall be inclw:led in the
<br />decree of forcclolurej and the contract embodied in this mortg8Be
<br />and the note secured hereby, shall in all respectS be Bovemed,
<br />construed and adjudged by Ih. law. of N.braslrn, where the .ame
<br />is made.
<br />
<br />The covenants herein contained shall bind, and the benefits
<br />and advantalel shall Inure to, the respective heirs, executors, ad-
<br />ministrators, SUcceuOfS, Bnd assigns of the parties hereto.
<br />Wh.n.ver used. Ih. singular number shall includ. the plural, Ih.
<br />plural th. .iagular, and the use of any gmder shall includ. all
<br />acoden.
<br />
<br />The foregoing conditions, all and singular. beiDB performed BC-
<br />cordln, to thefr natural and legal import. this conveyance shall
<br />be void and said premises released Bt the expense of the Mort-
<br />gagor; olh.rwise to b. and remain 10 full force and effect.
<br />
<br />their hand(s) Ih. day and year fllSl above wrillm.
<br />
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<br />a1f~." .F.riedricksen
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