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A $'-" 100570 12. The Mortgagor further agrees that should this mortgage and the note secured hereby not be eligible for insurance under the N�finn�f Housing Act within 'iii Day3 _ rsnm the date hereof (writlrn •.one•, *.. n of any officer nl the Department of Housing and Urban Development or autheriz-d agent of the S— iciaty of Hodtsing and Utban U. .einprient dated nubseq.0 n! to the Stated time from the date of this mortgage, declining to w -ure said note and this mortg3g bo' l deemed conclusive proof of Ineligibility), the Mortgagee or holder of tire note may, at its option. declare all sums secured hereby due and payable. This option may not be exercised by the Mortgagee when the ineligibility for insui-o under th•, National Heu ng Ac! Is due to the Mortgagee's fallure to remit the Mortgage Insurance Premium to the Department of Housing and Urban Development. 13. That if the Mortgagor fags to make any payments of money when the same become due, or fails to conform to and c ^mpty .vith an cf the conditions or agreements contained in this mortgage. or the note which it secures. then the entire principal sum and accrued inlere ^t shag at once become due and payable, at the election of the Mortgagee: and this mortgage may thereupon, be foreclosed immediately f %r h,a 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 ban to the time of commencing such forndosure sull, and a reasonable attorney's fee, all of which shall be included in the decree of foreclosure: and the contract embodied in this mortgage and the note secured hereby shag in all respects be governed. construed and adjudged by the laws of Nebraska• where the same is made. The covenants herein contained shelf bind, and the benefits and advantages shag insure to, the respective heirs, executors, administrators. successors and assigns of the parties hereto. Whenever used, the singular number shag Include the plural• the plural the singular, and the use of any gender shag be applicable to all genders. The foregoing conditions, all and singular. being performed according to their natural and legal Import, this conveyance shag be void and said premises released at the expense of the Mortgagor, otherwise to be and remain in fug force and effect. IN WITNESS WHEREOF, the Mortgagor(s) lua ve hereunto set their hands) the day and year first above written. In Presence of: ` [SEAL] the S reisendo f ✓ % 'SEAL) Cindi L. Preisendorf (SEALS [SEAL) [SEAL) STATE OF NEBRASKA, ss: COUNTY OF HALL ' On this 30th day of January , A.D. 19 87 before me. a Notary Public in and for said County, personally came a ew -3-. Freisendort and Cindi L. Preisendorf, busband and wife, personally to me known to be the Identical person(s) whose name(s) are affixed to the above and foregoing instrument as Mortgagor, and they have acknowledged the said Instrument and the execution thereof to be their voluntary act and deed, for the purposes therein expressed. In testimony whereof. I have hereunto set my hand and affixed by Of on the day and date last above written. W. !(� V1 R ptt it, STATE OF NEBRASKA s ficial seal at Grand Island �ie�i-.Yi��t Notary Public My Commission Expires: Filed for the Record this day of _ ____ A D. at o'clock _M.. and entered in Numerical Index, and recorded in Book of Mortgages, on Page of Register cf Deeds CERTIFICATION: This Mortgage form contains no variation from the HUD Form 92143M (9.79) other than the prepayment provision which has been amended pursuant to Mortgagee Letter 85 -16 dated July 25, 1985. Fair i ct R