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<br />note, shall be secured hereby, and shall bear io eresttat the bove ate
<br />set forth In the said note, until paid.
<br />7, That the Mortgagor hereby assns, transfers and sets over
<br />to he Mortgages- to be applied toward the
<br />and all sums secured hereby in case of A default tin thef the note
<br />manse 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 />� mortgaged Premises during such time as the mortgage in-
<br />emain 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
<br />lecil the rents, revenues and income, and it may same and col -
<br />sad intwma all expenses of a pay out es
<br />commiwrons and ex incurred said premises and necessary
<br />same and of collectinrn� als then m renting and managing the
<br />if any, to be a rentals therefrom; the balance remaining,
<br />if any- to b applied toward the discharge of said mortgage
<br />made shall be added to the principal sum owi ..�.. 0
<br />S' That he Mortgagor will keep the improvements now ex-
<br />isting or hereafter erected on the mortgaged p
<br />fire roperty, insured as
<br />may be required from time to time by the Mortgages against loss
<br />by and other hazards. casualties and contingencies in such
<br />attiounts and for such Pe cods as may be required by the Mort-
<br />F*S" and will Pay Promptly, when due, any premiums on such
<br />insurance Provision for payment of which has not been made
<br />berdribefore. 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 />MAil of In M t of loss Mortgagor will give immediate notice by
<br />Promptly a Mortgagor. ee, who may make proof of loss if not made
<br />and each insurance company concerned
<br />is hereby authorized and directed to make payment for such loss
<br />directly to he Mortgagee instead of to the Mortgagor and the
<br />ortrepgee jointly, and the insurance proceeds, or any part
<br />hof, may be applied by the Mortgagee at its option either to
<br />he reduction of the indebtedneu bereby 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 />tPW Property in extinguishment of the indebtedness secured
<br />hereby, all right, title and interest of the Mortgagor in and to
<br />any msurance Policies then in force shall pass to the purchaser or
<br />grantee.
<br />9. That as additional and collateral security for the payment
<br />of the note
<br />�pLe, �I1ed, and all earrs.to become due under this
<br />Profits, revenues, row h�Y a,Wu to the Mortgagee all
<br />Mort y1C8. riihrs isnd benefits accruing to the
<br />with tlnright t1 to army., and all ol_ and ps leases on said premises,
<br />to said ' to receive and receipt for the same and apply them
<br />t°debtedneas as well before as after default in the condi.
<br />tions of thu mortgage, and the Mortgagee may demand, sue for
<br />and recover any such payments when due and payable, but shall
<br />clot be required so to do. This assignment is to terminate and
<br />ecome null and void upon release of this mortgage.
<br />10. That the Mortgagor will keep the buildings upon sald
<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 />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 or, 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
<br />from the date hereof (written statement of�any officer of the days
<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 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 Below
<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 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 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 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 />see wkaess wiereof the Mortgagors) he ire
<br />hereunto set ei ` hapd(s) a day and year first above written.
<br />f�prdQyffion may not be exercised by the
<br />mortgagee when the ineligibilty for ' ' - /�r-,te "j,✓k -�_
<br />insurance under the National Housing Act CORDON L. -Sn -- [Seal]
<br />is due to the wort a RENSEN
<br />remit the swrtgageginranceipremium
<br />to this f (Seal]
<br />Department of Housing and Urban =�- ' � t.'.` y�.
<br />�elopment. g JEAN N SORENSEN Is�l
<br />Iseaq
<br />[seal]
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