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<br />81-- 102667
<br />made shall be added to the principal sum owing on the above
<br />note, shall be secured hereby, and shall bear interest at the rate
<br />W forth in the said note, until paid,
<br />7. That the M °rtgag °r 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 />ma of any of the terms and conditions of this mortgage or the
<br />said nce note, all the rents, revalues and income to be derived from
<br />dte mOrt s�aedthW terra luring such time as the mortgage in-
<br />laid, 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 />lacting the rents. revenues and income, and it may lay out of
<br />Mid incomes all expenses of repairing said premises and necessary
<br />commissions and expenses incurred in renting and managing the
<br />if Any- collating rentals therefrom; the balance remainin
<br />to o b applied toward the discharge of said mortgage t,
<br />S. That the Mortgagor will keep the improvements now ex-
<br />iating M hereafter erected on the mortgaged property. insured as
<br />may be required from time to time by the Mortgagee against loss
<br />by fire AM 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 />maurance provision for payment of which has not been made
<br />berembefore. All fmsurance shall be carried in companies ap.
<br />Proved by the Mortgagee acrd 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 />tgages- In event of loss Mortgagor will give immediate notice by
<br />mail 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 ud the
<br />Mortgagee tautly, and the insurance proceeds, or any part
<br />�eOf' may be applied by the Mortgagee at its option either to
<br />the reduction of the indebtedness 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 />WW Property in extingtushment 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 pats to the
<br />grantee. Purchaser or
<br />9. That as additional and collateral security for the payment
<br />of the tote de allied. and all sums to become due under this
<br />�'� Is WIFUM hereby t�igns to the Mortgagee all
<br />royalti". r4lis and bone tts accruing to the
<br />Mortgagor wader any and all oil and gas leases on said premises.
<br />with the right to receive and rempt for the sane and apply them
<br />to said iodebtednpa as well before as after default in the condi-
<br />tions of this mortgage, and the Mortgagee may detrand,
<br />en sue for
<br />d recover any such payments when due and payable, but shall
<br />trot be required so to do. This assignment is to terminate and
<br />become cull and void upon release of this mortgage.
<br />IN **— wbw"f the MOrtMor(s) ha ve
<br />hereunto see
<br />pnpQi� ion may not be exercised by the
<br />Tor, gagee when the ineligibility for
<br />insurance under the National Housing Act
<br />is due to the mortgagee's failure to
<br />mastic the mortgage insurance premium
<br />to the Department of housing and Urban
<br />Development.
<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 />1 I. 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 iI
<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 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 t^, the rrspective 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 />Senders.
<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 />�(ythei r hand(s) a day and year first above written.
<br />�?.",;g to teawt�, fseall
<br />(sea]
<br />DIANE H. M I ESE Iseal)
<br />ISCM1
<br />Iseml
<br />Pape 3 of a
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