87100472 - Laserfiche WebLink

Browse

37-- 100472. IQ That the Mortgagor will keep the building. upon +aid premises in gvaid repair, a. neither commit not permit upon said land, nor suffer the said premises to he used for any unl.{wful purpose. 11, That if the premises. or any part thereof, he condemned under the power of eminent domain. or acquired for a public use. the damages awarded. the proceeds for the taking of. or the consideration for such acquisition, w the extent of the full amount of indebtednes upon this mortgage and the note which it is given to secure remaining unpaid, are hereby assigned by the Mortgagor to the Mortgagee, and shall he paid forthwith to said Mortgagee to he applied by the latter on account of the next maturing installments of such indebtedness. 12. The Mortgagor further agree, that should this mortgage and the note secured hereby not he eligible for in- surance under the National Housing Act within 90 DAYS from the date hereof (written statement of any officer of the Department of Housing and Urban Development or authorized agent of the Secretary of Housing and Urban Development dated subsequent to the 90 DAYS time from the date of this mortgage. declining to insure said note and this mortgage, being deemed conclusive proof of such ineligibilityl. the Mortgagee or bolder of the note may, at its option, declare all sums recurred hereby immediately due and payable. 13. That if the Mortgagor fails to make any payments of money when the same become due, or fails to conform to and comply with any of the conditions or agreements contained in this mortgage, or the note which it secures, then the entire princi- pal sum and accrued interest shall at once become due and payable. at the election of the Mortgagee: and this mortgage may thereupon he foreclosed immediately for the whole of said money, interest. monthly payments. costs. ground rents, taxes and the cost of extending the abstract of title from the date of this loan to the time of commencing such foreclosure suit. and a rea- sonable attorney's fee. all of which shall he included in the decree of :foreclosure: and the contract embodied in this mortgage and the note secured hereby, shall in all respects be governed. construed and adjudged by the laws of Nebraska, where the same is made. The covenants herein contained shall hind. and the benefits and advantages shall insure to, the respective heirs, executors, administrators, successors and assigns of the parties hereto. Whenever used, the singular number shall include the plural, the plural the singular, and the use of any gender shall he applicable to all genders. The foregoing conditions, all and singular. being performed according to their natural and legal import. this conveyance shall be void and said premises released at the expense of the Mortgagor: otherwise to be and remain in full force and effect. IN WITNESS WHEREOF. theMortgagortsl HAVE hereunto set THEIR handlsi the day and year first above written. In presence of: SEAL] MITCHELL R. THURSTON /�7 AL) DONELLE J. BERA { "%!l y (SEAL) (SEAL) (SEAL) STATE OF NEBRASKA. Ss: COUNTY OF HALL j` On this 22nd day of JANUARY A.D. 19 87 before me. a in and for said County, personally came MITCHELL R. THURSTON AND DONELLE J. BERA , AS JOINT TENANTS AND NOT AS TENANTS IN COMMON personally to me known to be the identical person S whose name S ARE affixed to the above and fore- going instrument as Mortgagor. and THAT THEY acknowledged the said instrument and the execution thereof to be THEIR voluntary act and dged. for the purposes therein expressed. In testimony whereof, t have hereunto set my hand and affixed by seal at Grand Island, NE on the day and date last above written. _ GUHAi Ik1TARY41afe IitgDkt ! 1 may. KAY Y. titlLl Nr aw � r a m Notar-v Public STATE OF NEBRASKA ss Filed for record this day of A. D. 19 at o'clock M., and entered in Numerical Index, and recorded in Book of Mortgages, on Page of Register of Deeds L RETURN TO: ASSSOCIATES NATIONAL MORTGAGE CORPORATION P.O. BOX 17479 DENVER, CO 80`(17 o.o .Di -oo± HOD 9,'14 V ,11 79V R