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<br />made ahatt be added to the ��
<br />not*, shad be secured Principal Sum b owing re the above
<br />tat forth in the Said notte,uuntil shall bar interest at the rate
<br />paid.
<br />i 7. Thu the Mort$"" hereby suigna. transfers and sets over
<br />to the Mortgagee, to be applied toward the payment of the note
<br />Slid all sumo secured hereby in case of a default in the perfor.
<br />manse of any of the tarns trod conditions of this mortgage or the
<br />said rata, aq the rents. revenues and income to be derived from
<br />the mortgaged promises during such time as the mortgage in.
<br />debtednm shall remain unpaid, and the Mortgagee shall have
<br />Power to appoint any agent or agents it may desire for the pur-
<br />)XW 'If repairing sad premises and of renting the same and col-
<br />Nctieg the reus, revenues and income, and it may pay out of
<br />said lawases all expenses of repairing said Premises and necessary
<br />and expenses incurred in renting and managing the
<br />sae and of collecting rentals therefrom; the balance remaining,
<br />it any. edto be applied toward the discharge of said mortgage
<br />I. That the Mortgagor will keep the improvements now ex-
<br />iering or hereafter erected on the mortgaged property, insured as
<br />M" be required from time to time by the Mortgagee against loss
<br />by fire And other hazards, casuehies and contingencies in such
<br />amounts and for such Periods as may be required by the Mort-
<br />gagoe and will pay Promptly, when due, any Premiums on such
<br />innsarance Provision for Payment of which has not been made
<br />herembefore. 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 />tgagx. In event of loss Mortgagor will give immediate notice by
<br />tt" to the Mortgagee, who may make Proof of lost 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 Mongaaor and the
<br />Mortgagee Jointly. and the irouance Proceeds. or any pan
<br />thereof. may be applieat by the Mongagee at its option either to
<br />t1m reduction of the ' hereby secured or to the
<br />maso owwe of "W of the Property danustled. in event of
<br />or other transfer of title Io the mot.
<br />tgarged P""M ht Cut t of the indebtedness secured
<br />hereby. all right. title and interest of the Mortgagor in and to
<br />policies then to force shall Pass to the purchaser or
<br />granite.
<br />A. That as admit l and co8ueral security for the payment
<br />of thg oott described, and erg suss to become der under this
<br />mortgage, the Mortgepr hereby assigns to the Mongagee all
<br />Profits, rc"mm. royahl", tights and benefits accruing to the
<br />Mortgagor mader any and all oil and gas Twin on said premises,
<br />with the right to namive ced recap for the same and apply them
<br />to add indebtediessis as well before as after default in the condi-
<br />lions of this mortgage, and the Mortgsgee may demand, sue for
<br />and recover any such payments when due and payable, but shall
<br />not be required so to do. This is to terminate and
<br />become nub and void upon release of this mortgage.
<br />Is *"a sus wh~ the Mongaaorfs) he ve hereunto set
<br />q�tfar may not be exercised by the
<br />w7iat the fnellylbilty for
<br />insurance under the National !lousing Act
<br />is due to the mortgagee's failure to
<br />result the mortgage insurance proasue
<br />to the Oeparteent of Housing and Urban
<br />pewtoptsent.
<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 />11. 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 tote which it
<br />is given to secure remaining unpaid, are hereby assigned by the
<br />Mortgagor to the Mortgagee, and shalt be paid forthwith to said
<br />Mortgagee to n applied such � won account of the next
<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 days
<br />from the date hereof (written statement of any offices 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 pdn-
<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 include ) in the
<br />decree of foreclosure; and the contract embodied in the mortgage
<br />and the note secured hereby. shall in all respKU be governed,
<br />construed and adjudged by the laws of Nebraska, where the same
<br />is made.
<br />The covenants herein contained stall bird, and the benefits
<br />and advantages shall inure to, the respective bein, executors, ad-
<br />ministrator, 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 />ganders.
<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 face and effect.
<br />their h (s) tb< day and yaw first above written.
<br />Iseell
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