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trade shall be added to the principal sum owing on the above
<br />note, shalt be secured hereby, and shall bear interest at the rate
<br />set forth in the said note, until paid.
<br />7. That the Mortgagor hereby assigns, transfers and sets over
<br />to the Mortgagee, to be applied toward the payment of the note
<br />and all sums secured hereby in case of a default in the perfor-
<br />mance of any of the terms and conditions of this mortgage or the
<br />said note, all the rents, revenues and income to be derived from
<br />the mortgaged premises during such time as the mortgage in-
<br />debtedness shall remain unpaid, and the Mortgagee shall have
<br />Power to appoint any agent or agents it may desire for the pur-
<br />pose of repairing said premises and of renting the same and col-
<br />lecting the rents, revenues and income, and it may pay out of
<br />said incomes all expenses of repairing said premises and necessary
<br />commissions and expenses incurred in renting and managing the
<br />same and of collecting rentals therefrom; the balance remaining,
<br />if any, to be applied toward the discharge of said mortgage
<br />indebtedness.
<br />g. That the Mortgagor will keep the improvements now ex-
<br />isting or hereafter erected on the mortgaged property, insured as
<br />may be required from time to time by the Mortgagee against loss
<br />by fire and other hazards, casualties and contingencies in such
<br />amounts and for such periods as may be required by the Mort-
<br />gagee and will pay promptly, when due, any premiums on such
<br />insurance provision for payment of which has not been made
<br />herembefore. All insurance shall be carried in companies ap-
<br />proved by the Mortgagee and the policies and renewals thereof
<br />shall be held by the Mortgagee and have attached thereto 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 />trail to the Mortgagee, who may make proof of loss if not made
<br />promptly by Mortgagor, and each insurance company concerned
<br />is hereby authorized and directed to make payment for such loss
<br />directly to the Mortgagee instead of to the Mortgagor and the
<br />Mortgagee jointly, and the insurance proceeds, or any part
<br />thereof, may be applied by the Mortgagee at its option either to
<br />the reduction of the indebtedness hereby secured or to the
<br />restoration or repair of the property damaged. In event of
<br />foreclosure of this mortgage or other transfer of title to the mor-
<br />tgaged property in extinguishment of the indebtedness secured
<br />hereby, all right, title and interest of the Mortgagor in and to
<br />any insurance policies then in force shall pass to the purchaser or
<br />grantee.
<br />_ t
<br />9. That as additional and rn i itaiROe fmYti
<br />of the note described, and all $ �
<br />mortgage, the Mortgagor hereby
<br />profits, revenues, royalties, rights and benefits accrning to the
<br />Mort -gagor under any and all (Al and gas leases on said pnenises,
<br />with the right to receive and receipt for the same and apply them
<br />to said indebtedoess as well before as after default m the condi_
<br />ue
<br />tions of this mortgage. and the Mortgagee may demand. s for
<br />and recover any such payments when due and payable, but shan
<br />hhot be required so to do. This assignment is to terminate and
<br />become null and void upon release of this mortgage.
<br />3a witness whereof the Mortgagor(s) ha to hereunto set
<br />In presence of:
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<br />87-- 101573
<br />10. That the Mortgagor will keep the buildings upon said
<br />premises in good repair, and neither commit nor permit wage
<br />upon said land, nor suffer the said premises to be used for any
<br />unlawful purpose.
<br />11. 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 taking of, or the
<br />consideration for such acquisition, to the extent of the full
<br />amount of indebtedness upon this mortgage and the note which it
<br />is given to secure remaining unpaid, are hereby assigned by the
<br />Mortgagor to the Mortgagee, and shall be paid forthwith to said
<br />Mortgagee to be applied by the latter on account of the next
<br />maturing installments of such indebtedness.
<br />12. The Mortgagor further agrees that should this mortgage
<br />and the note secured hereby not be eligible for insurance under
<br />the National Housing Act within 60 days days
<br />from the date hereof (written statement of any officer of the
<br />Department of Housing and Urban Development or authorized
<br />agent of the Secretary of Housing and Urban Development dated
<br />subsequent to the 60 days' time from the date
<br />of this mortgage, declining to insure said note and this mortgage,
<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. %*See Bela;
<br />13. That if the Mortgagor 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 mortgage. or the note which it secures, then the entire prin-
<br />cipal sum and accrued interest shall at once become due and
<br />payable, at the election of the Mortgagee; and this mortgage may
<br />thereupon be foreclosed immediately for the whole of said
<br />money, interest, monthly payments. costs, ground rents, taxes
<br />and the cost of unending the abstract of title from the date of
<br />this loan to the time of commencing such foreclosure suit, and a
<br />reasonable attorney's fee. all of which shall be included in the
<br />decree of foreclosure; and the contract embodied in this mortgage
<br />and the note secured hereby, shall in all respects be governed,
<br />construed and adjudged by the laws of Nebraska, where the same
<br />is made.
<br />The covenants be— eo mcd shah bind, and the benefits
<br />and advantages shall inure to, the respective heirs, executors. ad-
<br />ors.
<br />Si ftenrvet uhseds es. and �s of the panics hereto.
<br />singular number shall include the phtral, the
<br />Plural the singular, and the use of any gender shall inddrhde all
<br />Senders.
<br />The foreCOMS aneditioas, all and singular, being performed ac-
<br />cording a a
<br />be vow three natural and II import, this conveyance shall
<br />nd said premises released at the expense of the Mort -
<br />gegor; otherwise to be std remain m full fora and effea-
<br />ha°?(i)� the�day and year first above written.
<br />LLUDLnv A. Henke (Beall
<br />-' not be exercised try the fSeall
<br />insurance uncle the i%tional ty for , : � ._ (__q, ✓
<br />for-
<br />insurance taxiPr the `aLimat H=SiN Act — ten G. Bei]kt l i (Seat)
<br />is due to the mhrtgagee's failure to
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