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A7.... RE- RECORDED
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<br />mark shall be added to the principisam
<br />tote, shall be —e rcd hereby, and shall bear interesttat he rate r10. That the Mortgagor will keep the buildings upon said
<br />M forth in the said note, until paid, P anetset 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, transfers and unlawful purpose.
<br />to the Mortgagee, to be applied toward the secs over
<br />and all sums secured _ Payment of the note 11. That if the premises, or any part thereof, be condemned
<br />truenoe of any of the taereby In conditions a faults more pafor- under the power of eminent domain, or acquired for a public
<br />gage or the use, the
<br />said sae, all the rants, revenues and income to be derived from damages awarded, the proceeds for the taking of, or the
<br />the mortgaged prcmt� during such time as the morn consideratiai for such acquisition, to the extent of the full
<br />debtedreat shall remain unpaid, and the Mort mortgage in- amount of indebtedness upon this mortgage
<br />Power to appoint any agent or tagee shall have is given to secure remaining unpaid, are hereby assigned by the it
<br />pose of repsirjng said premises Old cft"cut Y desire t for the par- Mortgagor to the Mortgages, and shall be paid forthwith to said
<br />kiting the reau, revenues and - rng same and col- Mortgagee to be applied by the latter on account of the next
<br />said is -manes all expen� of tncorAe' ard it may pay out of maturing installments of such indebtedness.
<br />"I" expenses rsptsiriag said Premises and necessary
<br />same and o collecting tgs incurred of aIId managing the 12. The Mortgagor further agrees that should this mortgage
<br />If any, to be applied toward the discharge of said balance 'ng' and the note secured hereby not be eligible for insurance under
<br />indebtedness. aaa the National Housing Act within
<br />from the date hereof (written statement of anysofficer 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 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 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 sai6
<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 attorneys 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 it,, all respects be governed,
<br />construed and adjudged by the laws of Nebraska, where the same
<br />is made.
<br />87-- 102738
<br />8' That the Mortgagor will keep the improvements
<br />isting or hereafter erected on the in now ex-
<br />may unortgaged property. insured as
<br />may be required from di to te by the Mortgag against lots
<br />by fire and other hazards, casualties Mortgage against contingencies in such
<br />amounts and for Such periods as tray be required by the Mort-
<br />gages and will Pty promptly. when dux, any premiums on such
<br />insurance Provision for payment of which has not been made
<br />herembefore. AU 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 />Payable clauses in favor of and in form acceptable to the Mor-
<br />tgagee. In event of Ion Mortgagor
<br />mail give immediate notice by
<br />ail to the Mortgagee, who tray make proof of lose if not made
<br />Promptly by Mortgagor, and each insurance company concerned
<br />is hereby authorized and directed to make psynaetnt for such lose
<br />directly to the Mortgagee instead of to the Mortgagor and the
<br />Mortgagee jointly. and the insurance proceeds. or any
<br />thereof, may be applied by the Mortgagee at part
<br />its option either to
<br />the reduction of the indebtedness
<br />restoration or repair of the Proper hereby secured or to the
<br />restoration of this Property . In event of
<br />mortgage or otter transfer of title to the mor-
<br />tgaged property In extengukhment of the Indebtedness secured
<br />hereby, aU right, title and Interest of the Mongnor in and to
<br />any insurance Policies then in force shalt
<br />grantee. pass to the purchaser or
<br />9. That as additional and CWIMcrai security for the psytnertt
<br />Of the note described, and all sages to b due under
<br />this
<br />moKiage, the Mortgagor hereby aesigna to the Mortgagee all
<br />Prfits, revenues, royalties. rights and benefits accruing to the
<br />Mortgagor under any and all oil and on teases on said Premises,
<br />with the right to receive and receipt for the same and apply them
<br />to said indebtedness as well before as after default in the condi-
<br />tions of this mortgage, and the Mortgage may demand, sue for
<br />sad reeovar any such payments when due and payable, but shall
<br />not be required so to do. This assignment is to terminate and
<br />become null and void upon release of this mortgage.
<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 />to wNmsw wiener the Mortgagors) he ve hereunto set
<br />' = may not be exercised by
<br />their
<br />hand(s) the day and year first
<br />above written.
<br />9. the
<br />awn gagee tdeets the inoligibilty for
<br />S"$Orance under the National
<br />I d- �
<br />Mousing Act
<br />Is due to the mortgages,$ failure to
<br />R L.
<br />K R ----
<br />-- [seal)
<br />remit the mortgage Insurance premium
<br />to the Department of Mousing and Urban
<br />) '
<br />�G
<br />New
<br />Doveloptmtnt.
<br />?" G-IWIE J
<br />K
<br />lSedl
<br />Isesll
<br />[seal
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