|
87- 10 29.5
<br />M&& SMU be added to the principal sum owing on the above
<br />Rote, Shall be secured hereby, and "I bear interest at the rate
<br />sat forth in the said note, until paid.
<br />7. That the Mortgagor hereby assigns, transfers and sets over
<br />to the Mortgagee, to be Apples toward the payment of the note
<br />sad all stuns secured hereby in case of a default in the perfor-
<br />maora of any of the termer and conditions of this mortgage or the
<br />said ape, all the mots, revenues and income to be derived from
<br />the mortgaged premises during such time as the mortgage in-
<br />debtedness shall remain unpaid. and the Mortgagee shall have
<br />Power to agroint any agent a agents it may desire for the pur-
<br />ptve ^f repairing said premises and of renting the same and col-
<br />Wing the rents, revenues and income, and it may pay out of
<br />said all expenses of repairing said premises and necessary
<br />commissions and expenses incurred in renting and managing the
<br />same and of collecting rentals therefrom; the balance remaining,
<br />if any to be applied toward the discharge of said mortgage
<br />indebtedness.
<br />S. That the Mortgagor will keep the improvements now ex.
<br />kting 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, casualty and contingencies in such
<br />amounts and for such periods as may be required by the Mort-
<br />gaae and will pay promptly, when due, any premiums on such
<br />insurance provision for payment of which has not been made
<br />herembefore. All assurance "I be carried in conpsaks 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 />Payable elation in favor of and in form acceptable to the Mor-
<br />tgaoee. In event of lose Mortgagor will give immediate notice by
<br />mail to the Mortgagee, who may make proof of loss 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 Mortgages instead of to the Mortgagor and the
<br />. Mort$"- jointly. and the insurance proceeds, or any put
<br />thereof, may be applied by the Mortgagee at its option either to
<br />the reduction of the indebtedness hereby ,secured or to the
<br />restoration Of repair of the property damaged. In event of
<br />fowelostre of this Mortgage or other transfer of title to the mor-
<br />toagod property in extinguishment of the indebtedness secured
<br />hereby. all right, title and interest of the Mortgagor in and to
<br />say insurance Policies then in force shall pass to the purchaser or
<br />graenee.
<br />q. That as MddklOftd sad cotirat"W. security for the payment
<br />of the mote domed, and all Sump to become due under this
<br />, she Nhw4ftm hereby unions to she Mortgagee all
<br />Profits. ima. rolialties, rata and benefits accruing to the
<br />Nlortsessis under any tad all oil tnd gas leases on said premises,
<br />with ft tl& to receive tad receipt for the same said apply then
<br />to said indebtedness as well before as after default in the condi-
<br />t of this mortgage, and the Mortgagee may demand, sue for
<br />a1'A recover any such Payments when due and payable. but shall
<br />not be required so to do. This assignmem u to terminate and
<br />become Will and void upon release of this mortgage.
<br />h wkwu wbmnmf the Mortgagors) have hereunto
<br />In presence of:
<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 />I1. 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 he Paid forthwith to said
<br />Mortgagee to be applied by the latter on account &f 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 Housing Act within �q pp�� days
<br />from the date hereof (written statemerR`tdf 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 l days' time from the date
<br />of this mortgage, declik-W 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.
<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 morr=ge 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 tick from the date of
<br />this ban 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 />The covenants herein contained shall bind, and the benefits
<br />and advantages shall inure to, the respective heirs, executors, ad-
<br />ministrators, successors, and reigns of the cities hereto.
<br />Whenever used, the singular number shall include the plural, the
<br />plural the singular, and the use of any tender 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 «leased at the expense of the Mort-
<br />gagor; Otherwise to be and remain in full force and effect.
<br />set hand(s) the day and year first above written.
<br />L. ADA[1S
<br />SUSAN M ADAA24
<br />ISOM
<br />PVe3ofa
<br />X
<br />
|