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88- 106767 thl;!' property otherwise after derault, the Mortgagee sholl apply, at th~ time of the commencement of such proceedings, or at the time the property is otherwise acquired, the amount then remaining to credit of Morlgag<lr under (a) of pamgmph 2 preceding, as a credit on the interest """,ued and unpaid and the balance to the principal then temaining unpaid on said nole. 4. The lien of this instrument shall remain in full force and etf"ct during any postponement or exten- sion of the time of payment of the indebtedness or any part thereof secured hereby. S, tic/she will pay all ground rents, taxes, assessments. water rates and other governmental or municipal charges, fines, or impositions, levied upon said premIses and that he/she will pay all tWles lcvied upon this mongage, or tne debt secured thereby, together with any other tWles or assessments which may be levied under the laws of Nebraska against the Mongagee, or the legal holder of said principal note, on ac- count of this indebtedness, except when payment for all such items has theretofore been made under (a) of I!aragraph 2 hereoft ~d he/she will promptly deliver the official receipts therefor to the Mongagee. In ilefault thereof the Mongagee may pay the same. 6, If he/she fails to pay any sum or keep any covenant provided for in this Mongage, the Mongagee, at its option, may payor perform the same, and all expendiWres so made shall be added to the principal sum owing on the above note, shall be secured hereby, and shall bear interest at the rate provided for in the prin. cipal indebtedness until paid. 7. Upon request of the Mortgagee. Mortgagor shall execute and deliver a supplemental note or notes for the sum or sums advanced by Mortgagee for the alteration, modernization or imprO\.'ement mnde at the Mortgagorls request; or for maintenance of said premises, or for taxes or assessments against the same, and for any other purpose elsewhere authorized hereunder. Said note or notes shall be secured hereby on a parity with and as fully as if the advance evidenced thereby were included in the note first described above. Said supplemental note or notes shall bear interest at the rate provided for in the principal indebt- edness and shall be payable in approximately equal monthly payments for such period as mal' be agreed upon by the Mortgagee and Mortgagor. Failing to agree on the maturity, the whole of the sum or sums so advanced shall be due and pa~'able thirty (30) days after demand by the Mortgagee. In no event shall the maturity extend beyond the ultimate maturity of the note first described above. 8. He/she hereby assigns, [Tansfers and sets over to the Mortgagee. to be applied toward the payment of the note and all sums secured hereby in case of a default in the performance of any of the terms and con- ditions of this Mortgage or the said note, all the rents, revenues and income to be derived from the mort- gaged premises during such time as the mortgage indebtedness shalll'emain nnpaid; and the Mortgagee shall have power 10 .appoint any agent or agents it may desire for the purpose of renting the same and collecting the rents, revenues and income, and it may payout of said incomes all necessary commissions and expenses incurred in renting and managing the same and of collecting rentals therefrom; the balance remaining, if any, to be applied toward the discharge of said mortgage indebtedness. 9. He/she will continuously maintain hazard insurance, of such type or types and amounts as the Mongagee may from time to time require, on the improvements now or hereafter on said premises, and ex- cept when I'ayment for all such prenuums has theretofore been made under (a) of paragraph 2 hereof, will pay promptly when due any premiums therefor. Upon default thereof, Mongallee may pay the same. All in- surance sliall be carried in companies approved by the Mongagee and the poliCIes and renewals thereof shall be held by the Mongagee and have attached thereto loss payable clauses in favor of and in form acceptable to the Mortgagee. In event of loss Mortgagor will giye- immediate notice b:!o' mail to the Mort- gagee, who may make proof of loss if not made promptly by Mortgagor. and each insurance company coneerned is hereby authorized and directed 10 make payment for such loss directly to the Mortgagee instead af to the Mortgagor and the Mortgagee jointly, and the insurance proceeds. or any part thereof, may be applied by the Mortgagee at its option either to the reduction of the indebtedness hereby secured or to the restoration or repair of the property damaged. In event of foreclosur(' of this mortgage, or other transfer of title 10 the mortgaged property in extinguishment of the indebtedness secured hereby. all right, title and interest of the Mortgagor in and to any insurance poHcies then in force shall pass to the purchaser or grantee. 10. As additional and collateral security for the payment of the note described. and all sums to become due under this mortgage, the Mortgagor hereby assigns to the Mortgagee all lease bonuses, profits, revcM nues, royalties, rights and other benefits accruing to the Mortgagor under any and all oil and gas leases now, or during the life elf this mortgage, executed on said premises, with the right to recei",e and receipt for the same and apply them 10 said indebtedness as well before as after default in the conditions of this mortgage. and the Mortgagee inay demand, sue for and recover any such payments when due and payable, but shall not be required so to do. This assignment is 10 terminate and become null and void upon release of this mortgage. II. He/she shall not commit or permit waste; and shall maintain the propeny in as good condition as at present, reasonable wear and tear excepted. Upon any failure to so maintain, Mongagee, at its option, may cause reasonable maintenance work to he performed at the cost of Mongagor. Any amounts paid therefot by Mongagee shall bear interest III the rate provided for in the principal indebtedness, shall thereupon become a part of the indebtedness secured by this instrument, ratably and on a parity with all other indebtedness secured hereby, and shall be payable thiny (30) days after demand. 12. He/she will not execute or file of record any instrument which imposes a resrriaion upon [he sale or occupancy of the propeny described herein on the basis of race. color or creed. 13. If the premises, or any part thereof, be condemned under the power of eminent domain. or acquired for 8 p'ublic use, the damages awarded, the proceeds for the taking of. or the consideration for such acquisItion. 10 the extent of the full amount of the remaining unpaid indebtedness seeured by this mort- gage, are hereby lLBlligned to the Mortgagee, and shall be paid forthwith to said Mortgagee, 10 be applied on account of the last maturing installments of such indebtedness. 14. If the Mortgagor fails 10 make any paymenta when due. or 10 conform 10 and comply with any of the conditions or agreements contained in this mortgage, or the notes which it secures, or if the Mort- gagor be adjudicated bankrupt or made defendant in a bankruptcy or receivership proceeding. then the entire principal.um and accrued interest shall at once become due and payable, at the election of the MortM _; and this mortpge may thereupon be foreclosed immediately for the whole of the indebtedneJls hereby aecured, including the cost of extending the abatract of title from the date of this mortgage to the time of commencing such Buit,. reasonable attorney's fee. and any BUms paid by the Veterans Administra~ ~clud~l;:Oth~~:[":~f;o~;:u~~. insurance of the indebtedness secured hen'by, all of whil:"h ghnl1 be 15. Title S8 United Statea Code, and the Relrulations isaued thereunder shallllovern the ngh ts. duties and liabilitiea of the parties bereto. and any provisions of thia or other instroment.."J t>Jtf'('ull'd In runm"l:tiun with Kid indebtedneu which are inconaiatent with said Title or Reaulalions art. here-b)' 1U11t>lIth,,1 AUtl supplemented to conConn thereto.