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87, 108878
<br />trade shall be added to the principal sum owing on the above
<br />rate. SMO be located hereby, and bear interest at the rate
<br />set forth in the said tote, until paid.
<br />7. That the Mortgagor hereby Wigns, trustian and sets over
<br />to the MortWte. to be applied toward the payment of the note
<br />and an smms secured hereby in cue of a default in the perfor-
<br />mum Of any of the terms and conditions of this mortgage or the
<br />add , an the teats. revenues mb income to be derived from
<br />the lhremim during such time as the mortgage in-
<br />re main Unpaid. and the Mortp ft shall have
<br />1> to appoint any ISOM a amts it nay dsdte for the pur.
<br />pose of 1`10PRieft said Pronim and of renting the sane and col -
<br />f0etlog to r'as. Familis OW income. and it may pay out of
<br />said iRwmft all expsrres of repairing said premise and necessary
<br />end expemss incurred in renting and managing the
<br />lamp! and Of collecting rantah therefrom; the balance remainin&
<br />if any, to be applied toward the discharge of said mortgage
<br />indebtedness.
<br />g. That the Mortgagor will keep the improvements now ex-
<br />isting or hereafter erected on the mortgaged property. insured its
<br />' b eta Wfrom time to time by the Mortgagee against loss fire hazards, csaahies and contingencies m such
<br />seaums and fm such period$ as may be required by the Mort-
<br />gagse and wilt pay promptly. when dux. any premiums on such
<br />insurance provision for payment of which has not been me&
<br />hersiabefore. All insurance shall be carried in companies ap-
<br />proved by the Mortgagee and the policies and renewals thereof
<br />shall be held by the Mortgagee and have attached thereto loss
<br />PAY" clauses in favor of and in form acceptable to the Mor-
<br />tgages" in even of loss Mortgagor will give immediate notice by
<br />mail to the Motgag «• who may make proof of loss if not made
<br />Plat" by Mortgagor. and each insurance company concerned
<br />is hereby suthoriaed and directed to make payment for such loss
<br />dirsciiY to the Mortgagee instead of to the Mortgagor and the
<br />Mortgagee jointly, and the insurance proceeds, or any part
<br />rhersof, may be applied by the Mortgagee at its option either to
<br />the reduction of the iadebredsxss hereby secured or to the
<br />foracoshns ne ep of the property damaged. In event of Of mortgage or other transfer of title to the mor-
<br />t t property m extinguishment of the indebetdaess secured
<br />hereby. an rte, title and interest of the Mortgagor in std to
<br />smY imurance Policies then in force than pass to the purchaser or
<br />(.
<br />9. That as additit ai mad ooilelerg padre #y for rise gayvtxnt
<br />of the nave described. aatd Ihn" to � a
<br />mmortgage. the Mortgagor a `
<br />profits. revenues, r
<br />oyaltis, aiglsa�,•hrtiiaga•doaratigtg.ia sett
<br />MorW#w cadet any and all oil and gs bass of said premiss,
<br />wish ft right to reactive mad racist for the scan WW apply them
<br />to amid kidiebledisma as wall before as after default in the co".
<br />6011116 Of this mortgage, and the Mortgagee may demand, sox for
<br />and recover any such payments when dux and payable, but shall
<br />ant be required so to do. This is to terminate aed
<br />become nmn and void upon ruse of this
<br />IN wigs what K the Mortgagor(&) he vo hereunto set
<br />Qalion may not be exercised by the
<br />the ineligibility for
<br />inaursnee under the National Housing Act
<br />is der to the wortgsgee's failure to
<br />resit the sortgsye insurance premfuas
<br />to the Department of Housing and urban
<br />Development.
<br />10. Thu 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 promisee to be used for any
<br />unlawful purpose,
<br />11. That if the promises, or any put thereof, be condemned
<br />under the power of eminent domain, or acquired for a public
<br />use, the ds age 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 gulped by the
<br />Mortgagor to the Mortgagee, and shall be paid forthwith to said
<br />Mortgagee to be applied by the later on account of the neat
<br />maturing installments of such indebtedness.
<br />12. The Mortgagor further agrees that shookd this mortgage
<br />and the rote secured hereby not be 4pble for insurance under
<br />the National Housing 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 date
<br />Of this mortgage, declining to insure said note and this mortgage,
<br />being deemed conclusive proof of such ineligibility), the Mor.
<br />[gaga or holder of the note may, at its option declare an 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 foecimure; and the contract embodied in this mortgage
<br />and the note secured hereby, shall in all realism be governed,
<br />construed and adjudged by the laws of Nebraska, where the same
<br />is male.
<br />The covenants herein contained shall bind, and the benefits
<br />std advantages shall inure to, the respective heirs, executors, ad-
<br />numstrators, successors. and assigns of the parties beroo.
<br />Whenever used. the singular number shall include the plural, the
<br />Plural tax singular, std the use of any gender shall include an
<br />genders.
<br />The foregoing conditions, all and singular. being performed ac-
<br />cordial to their natural and kgW import, this conveyance than
<br />be void and said premises released at the expense of the Mort -
<br />SAW; otherwise to be and remain in fun force and effect.
<br />their hats day and year first above written.
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