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<br />made shall be added to the pdttcipa! sum owing on the above
<br />sate, dnall secured hereby, and shall bear intact at the rate
<br />sa forth 10 the said note, until paid,
<br />7. That the Mortgagor hereby assigns, transfers and sets over
<br />tod w Mortgages. to be applied toward the payment of the note
<br />manse of aty�the t hereby in case Of A erms and conditions default his m mortgage pgeor-
<br />said note, all the teats, revenues and income to be dewed from e
<br />the mortpyed Premises during such time as the mortgage in.
<br />pow" �atreoain -paid, and the Martgagee shall have
<br />Y agent or agents it may desire for the pur-
<br />Peae Of Said Premiss and of ranting the saute and col.
<br />leair the rams, rerenu es and income, and it may pay out of
<br />said incoms 99 exPeoss of repairing said premises and necessary
<br />111sme and of eaperim inclined in renting and managing the
<br />trig rentals therefrom; the balance remaining.
<br />if� applied toward the discharge of said mortgage
<br />S' Tba the Mortgagor will keep the improvements now ex.
<br />utiW or hereafter erected on the mortgaged property, insured as
<br />my 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 suit Periods as may be required by the Mort.
<br />tagae and will Pay promptly. when due, any premiums on such
<br />ms4taroe Prw'isioa et for Payment of which has not be made
<br />ranbefore. All insurance shall be carried in companies &p-
<br />Proved by the Mortgagee and the Policies and renewals thereof
<br />shall be bell by the Mortgagee and have attached thereto loss
<br />Payable claws in favor of and in form acceptable to the Mor.
<br />tgagee. la treat of loss Mortgagor will give immediate notice by
<br />mad to the Mortgagee, who may snake Proof of loss if not made
<br />Promptly by Mortgagor, and each insurance company concerned
<br />m baebY authorized and directed to make payment for such loss
<br />dkmly 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 indebtedneu 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 attinguishmem of the indebtedness secured
<br />hereby, ail right, tick
<br />and interest of the Mortgagor in and to
<br />any insuramee policis then in force shall Pau to the Purchaser or
<br />grantee.
<br />9. That as additiwtd and collateral security for the payment
<br />Of the note described, sad all sums to become due under this
<br />r
<br />PrOW rev** hV* aurigas to the Mortgagee all
<br />oy� ;j*%SW bkmefhs accruing to the
<br />with p�got UD&r -amy a0d a m otl menial Mm ken on said premises,
<br />to said ' � to twelve NW receipt for the same and apply than
<br />mdelmedpess tl well before ac after default in the condi-
<br />tion of this tmortgage. auttd the Mortgagee may demand, sue for
<br />and recover any such Payments when due and payable, but shall
<br />cwt he rogttired so to do. this assignment is to terminate and
<br />become mull and void upon release of this mortgage.
<br />87e-- 102517
<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 />I I. That if the premises, or any pan 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 tie which it
<br />is given to secure remaining unpaid, are hereby assigned by the
<br />Mortgagor to the Mortgage, 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 inde ": tedness.
<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 her f 60 days days
<br />to (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 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 />tgaaee or holder of the note may, at its option, declare all sums
<br />secured hereby immediately due and payable. ** See Bel ow
<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 torts, taxes
<br />and the coat 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 advantaga 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 />Its w"mass wa rW the Mortgagor(') his ve
<br />hereunto set
<br />�rHddotOgl:?on wy not be exercised by
<br />air
<br />jtand(s) the day and year first above
<br />written.
<br />the
<br />coo tgagee when the ineligibilty for
<br />—
<br />insurance under the National Housing Act
<br />is due to the mortgagee's failure
<br />ERVIN�
<br />E. KIMBALL
<br />ice)
<br />to
<br />remit the mortgage insurance premium
<br />to the Department of Housing and Urban
<br />���U'�
<br />'--
<br />/�'�y��i�
<br />Isewl
<br />Development.
<br />LILAMAE
<br />KIMBALL
<br />Isaall
<br />Iserl
<br />(wall
<br />Fade 3 of 4
<br />
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