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<br />Tills I)PtiOa WAY -Ot be exercised by the 6 z ta
<br />eartgagee "hW Vve ineligibilty for
<br />insurmwe under the Ualinnal Housing Act
<br />is due to Vie t vrtqaqeels failure to
<br />"Imit the "Ort98W ?assurance premi=
<br />to --he Departmont uf Sousing and Vrban
<br />arvelopa-Z. — (Seen
<br />P3900 3 of -4
<br />87- 100829
<br />made shall be added to the principal sum owing on the above
<br />10. That the Mortgagor will keep the buildings upon Said
<br />41 note, shall be secured hereby, and shall bear interest at the rate
<br />premises in good repair, and neither commit nor permit waste
<br />wt forth ;r the said note, until paid.
<br />upon said land, nor suffer the said premises to be used for any
<br />unlawful purpose.
<br />7. That the Mortgagor hereby assigns, transfers and sns over
<br />to the Mortgagee, to be applied toward the payment of the note
<br />11. That if the Premises, or any part thereof, be condemned
<br />_4 and all sums secured hereby in case of a default in the perfor.
<br />under the power of eminent domain, or acquired for a public
<br />trance of attv of the terms and conditions of this mortgage or the
<br />use. the damages awarded, the proceeds for the taking of, or t1le
<br />said note, aff the rents. revenues and income to be derived from
<br />consideration for such acquisition, to the extent of the full
<br />the mortgaged premises during such time as the mortgage in-
<br />amount of indebtedness upon this mortgage arid the note which, it
<br />debTedness sW remain unpaid, and the Mortgagee shall have
<br />is given to secure remaining unpaid, are hereby assigried by the
<br />POW- to appoint any agent or agents it may desire for the put-
<br />Mortgagor to the -Mortgagee, and shall be paid forthwith to said
<br />pow of repairing said premises an d of renting the same and col-
<br />Mortgagee to be applied by the latter on account of the next
<br />letting the rem revenues and income, and it may pay out of
<br />maturing unstallmems of such indebtedness.
<br />t. said incomes all expenses of repairing said premises and necessary
<br />coma s. and expenses incurred in renting and managing the
<br />12- The Mortgagor further agrees that should this mortgage
<br />same and of collecting rentals therefrom; the balance remaining,
<br />and the note secured hereby not be eligible far insurrance under
<br />if any, to be applied toward the discharge of said mortgage
<br />the National Hoossag Act wabut 60 days days
<br />indebtedness.
<br />from the date her rof twtirtrest statement of any officer of the
<br />Plil�111 8, That the Mortgagor will keep the improvements now ex-
<br />Departmetir of Housing and Urban Development or authorlized
<br />g fisting err hereafter erected on the morig;aged properly; insured
<br />agent of the Secretws- of Housing and Urban Dcvelk dned
<br />Viaent
<br />may be required from nine to time by *�� Mortgagee against low
<br />60 days
<br />subsequttat w tb'- days' time from ibe dwe
<br />by fire and other hazards, casualties and conaingencie$ in such
<br />of this mmisave-w dedirring insure,
<br />to sand nate and this mortgaM,
<br />amounts and for Rich periods as may be required by the Mon-
<br />being mimed oanximave proof of such merwbility), the mor-
<br />gagre and will pay promptly, when due, any premium on such
<br />tgagee or holder of the note may, at its option, declare all gmas
<br />insurance Provision for payment of which has not been made
<br />secured hereby immediately due and payaw** See Be' low
<br />hercmbefare. All insurance shall be carried it% companies ap-
<br />proved by the Mortgagee and the poficies, and renewals dereo(
<br />13. That if the Mortgagor :faits to make aM payments of
<br />shall be held by the Mortgagee and have arty thereto loss
<br />moat% %bm the same become due. or fails to conform to and
<br />payable clauses to favor of and in "-in accept" to the Mor-
<br />-O=Plv -Uh any cif the conditions or agreements contained in
<br />Tgagm. In event of loss Mortgagor will give unmedliate notice by
<br />this mOrWW . or tfr note which it secturs, then the twere pruk-
<br />Inad In the Mortgagee. who may make proof of loss if not made
<br />zipal — and accrued—interest shall at once become due and
<br />prompay try Mortgagor, WO each mstuana, company conoer-and
<br />paytibic, as the clemort of tbe Mortgagm and this morr
<br />_W mar
<br />is hereby authorized and directed to make payment for such toss
<br />dhereapon be foreclosed munedtately for the wboler of said
<br />direcav to the Mortgaw instead Of to the Mortgagor and the
<br />MCOCY. 0MCM9, Vlosthly payments. costs, wound rents.
<br />A-
<br />%foripow jotmlh. and the insurance proceeds, or any pan
<br />and the con of extending the abstract of ti* firom, the daervf
<br />thereof. may be applied by the Mortgaver at its option either to
<br />this. low to the time of Commencing such foreclosure sals. and a
<br />uy
<br />the naducriaa of the indebtedness hereby secured or =o the
<br />tea altorbOv'S fee- -0 of -hidi shall be inwhsded is rlrc
<br />--an- or -pair of the property damaged- in evern of
<br />docee of foreclosure; and the contract embodied in dus MOCTRADC
<br />foreclosure Of this mortgage oc other transfer of title to the *or-
<br />and the secured i> shall in an respects be suswned,
<br />Wxcd property in &xtinguishminu of the indebtedness secured
<br />onsavued and a4,u#ed bw tbe.faws of Nebraska. where the smat
<br />right
<br />bcveby. all . *k and merest of the morwow in asw to
<br />ma r.
<br />A* Wasisraxwe, Polices them in force shall pass to the purchaser or
<br />Tbr contained sisall bual. and trite basellms
<br />and Sball imare to. the respective hears, exce*Ms. ad-
<br />9. That as addmonal and collateral securtm for the payment
<br />SPOCOSSOnr 20d assigns of The Parties btsem,:
<br />Vften-im vsed� the MESEAW mimber ~ mdu* &t piteal, Ilk-t
<br />Z
<br />9 the note describC(L and ail ,arms to become due under this
<br />--4pW. the %fortgator hereby ass;Vu to the MxtXagee add
<br />Plural the sapdar. and the toe *f aiw Sender, shall iuchmie an
<br />Senders-
<br />W-V& —OaDes, mftvhxs, n4hft MW bcrAcfk5 accrimS to the
<br />VAWWJM irides any and 41 oil and gas leases an *d preofiscs�
<br />The &wqp-S —didons, all and singular, beW perfiarmcd ar
<br />with ibr right to nweive *M receipt for the smae and apply tbem
<br />aw*W to dick natural, and JeW im"ri, this conveyand-_ shall
<br />�7
<br />T* said lodebtedwo as weld before as after default in the wadi-
<br />b,,, voW and said Pantses released at doe expense of the %—Swt
<br />of dus mortgage, and the Mortgagee way de d, sin for
<br />639m. Odwrw'ze VO br and re mm in full force and effect.
<br />sod r-co*-r any such payments when due AM payabk; biz shall
<br />noI be req%mM so to do. This assigirmeart is to terminate wj
<br />*cOMe IPA and said upon release of ,lies mortgage,
<br />Is Vnitoess *bereof -he Morigagozw ha ve her %a
<br />*their"' - handls) the day and year first above it
<br />� I
<br />Tills I)PtiOa WAY -Ot be exercised by the 6 z ta
<br />eartgagee "hW Vve ineligibilty for
<br />insurmwe under the Ualinnal Housing Act
<br />is due to Vie t vrtqaqeels failure to
<br />"Imit the "Ort98W ?assurance premi=
<br />to --he Departmont uf Sousing and Vrban
<br />arvelopa-Z. — (Seen
<br />P3900 3 of -4
<br />
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