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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 assipu, transfers and sets over
<br />to the Motgagee, to be applied toward the
<br />and
<br />'8i-- 102422
<br />made shall be added to the principal sum awing on th
<br />note snail
<br />10. That the Mortgagor will keep the buildings upon said
<br />premises in good repair, and neither commit nor permit waste
<br />upon said land, nor suffer the said premises to be used for any
<br />unlawful purpose.
<br />aU sums secured hereby n Payment of the note I I. That if the premises, or an
<br />manse of any of the terms and co cut
<br />of this mortgage �rfor under ho y Pan thereof, be condemned
<br />EE4�rclllliscs e rents, revenues and income to be for the e, the damage a h ded, the main, or acquired for a public
<br />during such time As the mortgage in- P °�!® for the coking ful or the remain Unpaid. amount of indebtedness aupointth s mort a extent of the to which Power to appoint an Pal and the Mortgagee shall have is given to secure remaining unpaid, are hereby assigned by the it
<br />Pre of r d agent or agents It may desire for the pur- Mortgagor to the Mort
<br />repairing said Premises and of renting the same and col- and to be applied�by thend shall be
<br />of the next on kcting the rents, revenues and income, and it Paid forthwith to said
<br />said incomes all expenses of r may pay out of maturing installments of such indebtedness.
<br />commissions and ex repairing said premises and necessary
<br />saute and of and expenses
<br />rentals incuhercf r renting baand managing e I2. The Mortgagor further agrees If any, to be applied toward the discharge Of said mortgage remaining, he Nat' nos! secured hereby not be eligible fordinsuiran mortgage
<br />indebtedness.
<br />S. 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 />Bagee and will pay promptly, when due, any premiums On such
<br />insurance provision for Payment of which has not been made
<br />hereinbefore. All insurance shall be carried in companies ap.
<br />Proved by the Mortgages 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 />u 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 pan
<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 />isased in extinguishment of the indebtedness secured
<br />right, title and interest of the Mortgagor in and to
<br />any insurance policies then in fora shall pass to the purchaser or
<br />grantee.
<br />9. That as additional and collateral security for the payment
<br />of the note described, and all sums to become due under this
<br />mortgage, the Mortgagor hereby assign to the Mos%asee all
<br />Profits. revenues, royalties, rigbtts and
<br />b<>tfus
<br />M
<br />, nits ortgagor under any and all oil anid_ gas � to the
<br />with the right to receive and receipt for tins .ate premises,
<br />to said indebtedness as well before as after default in the them
<br />and fiver mortgage, and the Mortgagee may demand, sue for
<br />not be recover any such Payments when due and payable, but shall
<br />required so to do. This assignment is to terminate and
<br />become null and void upon release of this mortgage.
<br />in witness whereof the Mortgagor(s) ha vet
<br />hereunto set
<br />Pt�oOtt"on may not be exercised by the
<br />mortgagee when the ineligibilty for
<br />Insurance under the National Housing Act
<br />e due he the mortgagee's failure to
<br />remit the mortgage insurance premium
<br />to Department of Housing and Urban
<br />Development.
<br />ion Housing Act within to under
<br />from the date hereof (written statement of any of days
<br />Department of Housing and Urban Development for u horized
<br />agent of the Secretary of Housing and Urban Development dated
<br />s subsequent to the 60 days 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,
<br />secured hereby immeie d an Atpayablion, See 11 sums
<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 Mongagee; and this mortgage may
<br />thereupon be foreclosed immediately for the whole of said
<br />money, interest, monthly payments, coats, ground rents, taxes
<br />and the cost of extending 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 re included in the
<br />decree of foreclosure; and the contract embodied in this mortgage
<br />onstruedoand djudgedrby the laws aws of Nebraska, here the same
<br />is made.
<br />The covenants herein contained shall bind, and the benefits
<br />and advantages shall inure to, the respective heirs, executors, ad-
<br />ministrators, successors, and assigns of the parties hereto.
<br />Whenever used, the singular number shall include the plural, the
<br />Plural the singular, and the use of any gender shall include all
<br />genders.
<br />The foregoing conditions, all and singular, being performed ac-
<br />cording to their natural and legal import, this conveyance shall
<br />be void and said premises released at the expense of the Mort.
<br />gagor; otherwise to be and remain in full force and effect.
<br />Page 3 of l
<br />thei r hand(s) the day and year first above written.
<br />HARLON L. nt nYO= jSealJ
<br />Isedl
<br />CAROL L. KENYO Iseal)
<br />!seal)
<br />Isedl
<br />J
<br />I
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