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<br />made shall be added to the principal sum owing on the above
<br />nolC• shall be secured hereby, and shall bear interest at the rate
<br />sat forth in the said note, until paid.
<br />7. nat the Mortgagor hereby assigns. transfers and sea over
<br />to the Mortgagee, to be applied toward the payment of the note 11. That if the premises, or any part thereof, be condemned
<br />and all sums secured hereby in case of a default in the
<br />mane of any of the terms and conditions of this wort under the power of eminent domain, or acquired for a public
<br />SAW note. all the rants, revenues and gage or the use, the damages awarded, the proceeds for the taking of, or the
<br />thed Premises d income to be derived from consideration for such acquisition, to the extent of the full
<br />airing such time as them amount of indebtedness u
<br />debted� tball remain unpaid, and the Mortgagee A" av eon this mortgage
<br />Power to appoint any shall have is given to secure remaini ten rtgage and the tote which it
<br />agent or agents it troy desire for the parr- Mon ng paid, are hereby assigned by the
<br />pose of repairing said Premises and of renting the same and col_ Mortgagor to the Mortgagee, and shall be paid forthwith to said
<br />lectnagr. renpensa of repairing � it may pay out of maturing natalleaatenui of by ittdebtedtKU,�nt of the next
<br />said Wonm" all premiss and necessary
<br />same and Of t expenses incurred in renting and managing the 12, The Mortgagor further agrees that should this mortgage
<br />if any, to be applied t rentals therefrom; the balance remaining, and the note secured hereby not be eligible for insurance under
<br />indebtedness applied toward the discharge of said mortgaje the National Housing Act within
<br />60 days days
<br />from the date hereof (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 />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 />motley, 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 />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 />8. That the Mortgagor will keep the improvements no
<br />is"ng or hereafter erected on the mortgaged property, i w ex-
<br />nsured 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 its may be required by the Mort -
<br />fagm and will pay promptly. when due. any premiums on such
<br />dnsurane;e Provision for payment of which has not been made
<br />hereinbefore. All insurance shall be carried in companies a
<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 />tsagee. 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 snake Payment for such loss
<br />directly to the Mortgagee instead of to the Mortgagor and the
<br />Mmtgasee jointly, and the insurance proceeds, or any part
<br />thereof, may be applied by the Mortgagee at its option either to
<br />the reduction of the i
<br />restoration or repair of the indebtedness secured or to the of
<br />foreclosure of this damaged• f event the
<br />tgaged Property in extinguishment he indebtedness tednesstsecurred or
<br />hereby. all right, title and interest of the Mortgagor in and to
<br />any in"trance 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 tote dacibed, and all sums W
<br />mortgage, the Mortgagor hereby ass become due under this
<br />Prortts, revenue, albs n the Mortgagee all
<br />Mortgagor under any and • benefits accruing to the
<br />with the right to receive and all Oil and r ear leases on said premiss. them
<br />to said indebtedness as welt beforeaas after default Lei the co"'-
<br />tam of this mortgage, and the
<br />and recover as Men due may demand, sue for
<br />y such Payments when due and payable, but shall
<br />not be required so to do. Tbis assignment is to terminate and
<br />become null and void upon release of this mortgage.
<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 />b winds whasrf the Mtxtgagor(s) h: ve hereunto set
<br />way not be exercised by the
<br />thei r
<br />hand(s) the day and year first
<br />i
<br />above written.
<br />ranthe ineligibilty for
<br />9a
<br />i�C•�1Ctiyi
<br />Insurance under the National dousing Act
<br />Is date to the Mortgagee's failure
<br />MICHAEL
<br />5. WLKU
<br />ISaq
<br />to
<br />remit the mortgage insurance premium
<br />to the Department of Housing and Urban
<br />Z CC�K
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<br />ISall
<br />Devalopmertt.
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<br />IS.l
<br />ISeall
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<br />Pape 3 of 4
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