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<br />made SW be added to the principal stmt owing on the above
<br />sunts, >bW be Secured hereby, and shag bur:,._ at the rate
<br />ae forth in the said tote. until paid.
<br />7. 71M tk Mir hereby &SUM. transfan and sets over
<br />m the MOrtpgee. to be applied toward the payment of the tree
<br />and AN sum Secured hereby in clue of a default in he perfor.
<br />meant of MY of the term sad conditions of this mortgage or the
<br />add nom. aH the rates, revenues and income to alt derived from
<br />the =engaged Premises during such time as the mortgage in.
<br />11W rraemm unpaid, and the Mortgagee shall have
<br />Po to amt say agent or agents it may desire for the pur-
<br />Dwer oea of r said preen and of renting the Same and col -
<br />leaitg the rmu, revenues and income, and it may pay out of
<br />lied nactGmSS of reMmas said Premises and necessary
<br />eaPe ineuaed in rearing and managing the
<br />s
<br />and of cOgircuallt rentah therefrom; the balance remaining,
<br />if any, to be applied toward the discharge of said Mortgage
<br />indebtedness.
<br />8' 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, caswahies run! contingencies in such
<br />amctmts and for such periods as may be required by the Mort -
<br />1 and well Pay Promptly, when due, any Premiums on such
<br />Insurance provision for Payment of which has not been made
<br />heaeinbefore. AB insurance sbaB be carried in companies ap-
<br />proved by the Mortgagee and be policies and renewals thereof
<br />a" be held by the Mortgagee and have attached thereto loss
<br />Payable clauses in favor of and in farm acceptable to the Mor-
<br />tgagee-in even of loss Mortgagor will give immediate notice by
<br />nail to the Mortgagee, who MAY make proof of loss if not evade
<br />Promptly by Mortgagor, and each insurance company concerned
<br />is hereby authorised and directed to make Payment for such loss
<br />d&ectly to the Mortgagee instead of to the Mortgagor and the
<br />Mortgagee jointly. and the insurance proceed,. or any part
<br />thereof, may be applied by the Mortgagee at its option either to
<br />the reduction of the indebtedrxts hereby secured or to the
<br />ratoeation or repair of the Property damaged. In event of
<br />foreclosure of mortgage or other transfer of title to the mor-
<br />tgaged property in eat' t of the indebtedness secured
<br />e
<br />hy. ail tight, "and interest of the Mortgagor in and to
<br />aaY Policies then in force shalt Pon to the Purchaser or
<br />granam.
<br />St. T1Sat as addititteaaF esemrity for the Payment
<br />Of the note described. antd an eumirto411110Nf rue under this
<br />mortgage. the Mortgagor b&ft "11104 10 00 MOrIMft all
<br />Prorhs, revenues, royalties. Vies and benefits accruing to the
<br />under any and all oil and gas teases on said premises,
<br />with the T*M to reoatt and recede for use same and app1Y them
<br />to said ' as well before as after default in the codi-
<br />done Of this mortgage. and the Mortgages may demand. sex for
<br />and recover any such Payments when due and Payable, but shatl
<br />am be required b to de. 71tis assigramem ri to jermot and
<br />nup and void upon re o w of leis motgage.
<br />le wk willseeef the MorttNgorisl ha ve hereunto sot
<br />Sat100 say not be exercised by the
<br />tnaurarrtae �r the iNational gHousing Act
<br />is des to the ittortgag"'s failure to
<br />remit the aterrtgeye 1naWaa* prawium
<br />t* t tment of Housdrty and Urban
<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 it
<br />is given to secure remaining unpaid, are hereby assigned by the
<br />Mortgagor to the Mortgagee, and shall be paid forthwith to staid
<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 Noosing Act within 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 daie
<br />Of this mortgage, declining to insure said note and this mortgage,
<br />being deemed conclusive Proof of such ineligibdityl, the Mor-
<br />tgages or holder of the note may, at its option, declare all sums
<br />secured hereby immediately due and payable. es► Sae 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 Sevres, then the enure prin-
<br />cipal sum and accrued interest shall at otter 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 />deaee 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 bird, and the benefits
<br />and advantages shall inure to, the respective heirs, executors. ad-
<br />mmisratos, successors, and assigns of the Parties hereto.
<br />Wherever used, the singular number shall include the Plural, the
<br />Plural the singular, and the use of any tench shall include an
<br />genders.
<br />The foregoing conditions, all and singular, being performed ac.
<br />cording to their natural and
<br />be void and said Premises re legal import, this conveyance shall
<br />leased at the expense of the Mort-
<br />gage; otherwise to be and remain in full forte and effect.
<br />thei r hand(s) the day and year first above written.
<br />-- — 1nTIER
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