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<br />12. The Mortgagor further agrees that should this mortgage and the note secured hereby not be eligible for insurance
<br />un0a the National Housing Act within 180 days from the date hereof (written statement of any officer of the
<br />Department of How"]; and Urban Development or authorized agent of the Secretary of Housing and Urban Development
<br />dated sit ]tent to the 180 day time from the date of this ntort , declining to insure said note and this
<br />conclusive prom of such 'I ibility), the Mortgagee or holder of the note may, at its option,
<br />declare ag sum sec hereby histruldiately, dire and PwAbU. This option may not be exercised by the mort ee when the
<br />indiabifity for insurance - under the Naglional H Act it due to the mo 's failure to remit the Mortgage Insurance
<br />Preirohn to the t of Hotesitto and Urbass Development.
<br />13. That if the Monaag0er Nis to wake MW pikirmsets of mmy 'when the same become due, or falls to conform to and
<br />congply with any of the ' or in this mortgage, or the note which it secures, then the entire
<br />principal sum sum accrued interest at due sod payable, at the election pf the Mortgages; and this mortgage
<br />may thermapon be foreclosed immediately for the whole of said money, interest, monthly payments, costs, ground rents, taxes
<br />and the coat of extending the abstract of title from the date of this torn to the time of commencing such foreclosure suit, and
<br />a reasonable attorney's fee, all of which shall be included in the decree of foreclosure; and the contract embodied in this
<br />mortgage and the note secured hereby, shall in all respects be governed, construed and adjudged by the laws of Nebraska,
<br />where the same is made.
<br />The covenants herein contained shall bind, and the benefits and advantages shall insure :to, the respective heirs,
<br />executors, administrators, successors and assigns of the parties hereto. Whenever used, the singular number shall include the
<br />plural, the plural the singular, and the use of any gender shall be applicable to all genders.
<br />The foregoing conditions, all and singular, being performed according to their natural and legal import, this
<br />conveyance shall be void and said premises released at the expense of the Mortgagor; otherwise to be and remain in full force
<br />and effect.
<br />IN WITNESS WHEREOF, the Mortgagor(s) ha ve hereunto set their hand(s) the day and year
<br />first above written. * *see attached Addendum
<br />In presence of:
<br />— " "/• �C°�e �- [SEAL]
<br />hn M. McMahon
<br />[SEAL]
<br />Di>e McMahon
<br />" [SEAL]
<br />[SEAL]
<br />STATE OF NEBRASKA,
<br />ss:
<br />COUNTY OF Fall
<br />On this 14th day of April . A.D. 19 87, before me,
<br />a in and for said County, personally came
<br />John M. McMahon and Dianne McMahon , husband and wife
<br />, personally to me known
<br />to be the identical person whose name a are affixed to the above and
<br />foregoing instrument as Mortgagor, and they acknowledged the said instrument and the
<br />execution thereof to be their voluntary act and deed, for the purposes therein expressed.
<br />In testimony whereof, I have hereunto set my hand and affixed by seal at
<br />on the day and date last above written.
<br />6fI NOTARY-State of Wasia
<br />DEE,PSP ::AY t04�u ?�Y f
<br />Not Public
<br />..
<br />My COMMISSION EXPIRES:
<br />STATE OF NEBRASKA ss
<br />Filed for record this day of A.D. 19
<br />at o'clock M., and entered in Numerical Index, and
<br />recorded in Book of Mortgages, on
<br />Page of
<br />Register of Deeds
<br />CERTIFICATION:
<br />This mortgage form contains no variation from the official HUD Form 92143M (9-79) other than the prepayment provision
<br />which pursuant to Mortgagee Letter 85.16 dated Jaly 25, 1985.
<br />By: ._..-_.
<br />Title
<br />'% s -.„y , e_ .n.,.. pa ...
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