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<br />made shall 87- 10288
<br />added to the Principal su
<br />tote sbau be cured her mowing on Inc above 10. That the Mort
<br />art forth in the said me, until and shall bear interest at the rate gager will keep the buildings upon said
<br />paid. remises in good repair, and neither commit nor permit waste
<br />upon said land, nor suffer the said premises to be used for any
<br />7• That the Mortgagor hereby assigns, iratufera and sets over unlawful purpose.
<br />to the Mortgagee, to be applied toward the
<br />and all sumo Payme°u of the note 11. That if the premises, or any part thereof, IX condemned
<br />marsct of any of t brrtnesya cow °iota of this mortgage under he power of eminent domain, or acquired for a public
<br />said note. all the ants, duringq and income to be derived from consideration for such acquisition, to the extent of the full
<br />gage or the use, the damages awarded, the proceeds for the taking of, or the
<br />the mortgaged Premises during such time as the
<br />shall remain unpaid. and the Mortgagee in- amount of indebtedness u
<br />power (c gagee shall have Pou this mortgage and the note which it
<br />appoint any agent or agsmts it may desire for the pur• Mortgagor to secure remaining unpaid, are hereby signed by the
<br />Passe of repairing said premises and of renting the same and col• to the Mortgagee, and shall be paid forthwith to said
<br />krtittg fire rents, revenues and income, and it may Mortgagee to be applied by the latter on account of the next
<br />said inwerm all expenses of r Y pan out es maturing installments of such indebtedness.
<br />comen !pairing said premises and necessary
<br />same and of as�incurred a � amend managing the 12. The Mortgagor further agrees that should this mortgage
<br />commi lance remaining, hereby note if any, to ss applied toward the discharge of said mortgage g he National House g Acti within eligible for insurance under
<br />indebtedness.
<br />from the date hereof (written statement o60 ny days officer of the days
<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 optiot24declarg.all sums
<br />secured hereby immediately due and payable. See lone
<br />13. That it 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 />his 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 he foreclosed immediately for the whose 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 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 />g. That the Mortgagor will keep the improvements now ex.
<br />'sting or required erected on the mortgaged Property, insured as
<br />MY be required trout[ time to titre by the Mortgagee! against loss
<br />by fire and other haaards, casualties and contingencies in such
<br />amounts and for such Periods as may be required by the Mort -
<br />gagee and wilt Pay Promptly' when due. any Premiums on such
<br />insurance provision for Payment of which has not been made
<br />hereinbefore. All insurance shall be carried in companies ap-
<br />(roved by the Mortgagee and the popes 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 />tgagle- In even of doss Mortgagor will give immediate notice by
<br />mail to the Mortgagee, who may make proof of loss if not made
<br />is
<br />Proheremptly by Mortgagor, and each insurance company concerned
<br />by authorized and directed to make Payment for such loss
<br />directly to the Mortgagee instead of to the Mortgagor and the
<br />Mortgeg=,r ioirttly, and the insurance proceeds. t9 any par(
<br />thereof, tray be aPPhed by the Mortgagee at its option either to
<br />the reduction of the indebtedness hereby secured or to the
<br />i foreclosure of re it of the property damaged. In event of
<br />mottisg! or other transfer of titk to the mor-
<br />tgagad Property in extinguishment of the indebtedness secured
<br />hereby, ran cep title and interest of the Mortgagor in and to
<br />any insurance pMida then in force shall Pass to the Purchaser or
<br />grantee.
<br />L
<br />9. That as additional and coilueral security for the Payment
<br />of rte tote described. and all sums to became dlse under this
<br />mortgage. the Mortgagor hereby eastigas W the Mortgagee all
<br />profks, reverttea, royalties, rights and bestefns accruing to the
<br />with the f under any oaf all ail uW gas leases on said premises,
<br />right to receive and receipt for the seta end
<br />to said indebtedness as well
<br />ti before as after default in the condi-
<br />of ha —&W, and he Mortgagee may demand, sue for
<br />ud recover any such Payments when due and payable, but shall
<br />sot be required so to do. This Assignment is to terminate and
<br />become null and void upon mkase of this mortgage.
<br />N wiWm where" the Mortgagor($) ha Ve hereunto set
<br />for ayy riot be exercised by the
<br />inauraeaoe
<br />under tthe tNational lHousing Act
<br />fs date to try 8ort9sil-'s failure to
<br />rent the aorrtgo" Insurance prufwt
<br />to the D"artlent of Housing and Urban
<br />Oewl opment.
<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 />tired r hand(') the day and year first above written.
<br />C Peel r .
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