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I <br />p <br />87�- 102852 <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 <br />Page 3 of a <br />A <br />