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<br />87- 102990
<br />,way shall be added he
<br />now. shall be secured hereby, u Principal sum owing on the above
<br />set forth in the said note,untia shall bear interest at the rate
<br />7- Thar the Mortgagor hereby assigns, tnirisfers and sets over
<br />torte , to be applied toward the payment of the note
<br />maraca of any of tthe terms and an in cm conditions Of of this mO�rt �for-
<br />said note. all the rants, revenues and income to be derived from e
<br />the rnortgttged promises during such time as the mortgage in-
<br />thall remain unpaid, and the Mortgagee shalt have
<br />power to appoint any agent or agents it may desire for the pur-
<br />pose of repairing sold Premises and of renting the same and col.
<br />Imiag the rents. revenues and income, and it may pay out of
<br />said incomes all expenses of repairing said premises and necessary
<br />coe:mlaidtsa and expanses 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 />g. That the Mortgagor will keep the improvements now ex.
<br />'stint 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 hararda, casualties and contingencies in such
<br />amounts and for such periods as may be required by the Mort-
<br />gagee and will pay promptly, when due, any premiums on such
<br />insurance provision for payment of which has not been made
<br />herembefore. All insursnoe 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 m favor of and in form acceptable to the Mor-
<br />tgages. In event of loss Mortgagor will give immediate notice by
<br />mad 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 />dimly to the Mortgagee instead of to the Mortgagor and the
<br />Mottgaga jointly, and the insurance proceeds, or any Part
<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 tee repair of the Property damaged. In event of
<br />foreclosure of this mortgage or other transfer of title to the mor.
<br />tgagmd Property in extinguishment of the indebtedness secured
<br />hereby. an right, title sad interest of the Mortgagor in and to
<br />any irmurarwe Policies then in force shall Pass to the purchaser or
<br />grantee.
<br />4. That as additional and collateral security for she payment
<br />Of the same described, and ail sums to become due under this
<br />mortgage. the Mortgagor hereby usigge to the Mortgagee all
<br />Profits, revenues, royalties, rights and benefits &"-ruing to the
<br />MO"P W under any and all oil and etas leases on said premises,
<br />with the r'* to receive and reeeiPn for the same and apply them
<br />to said i� as wed before as after default in the condi-
<br />tiouu of this mortgage, and the Mortgagee may demand, sue for
<br />and of any such Payments when die and payable. but shall
<br />not be required w to do. This assignment is to terminate and
<br />become nun and void upon release of this mortgage.
<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 />1 1. 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 prods 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 be paid forthwith to said
<br />Mortgagee to be applied by the latter on account of 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 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 />tgagee or holder of the note may, at its option, declare all sums
<br />secured hereby immediately due and payable. se 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 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 assigns, of the parties hereto.
<br />Whenever used, the singular number shalt include the plural, the
<br />plural the singular, and the use of any gander 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 />b witness wYaeaf the Mortgagot(s) ha ve hereunto set their
<br />mege�ti hand(s) the day and year first above written.
<br />wiiaron way not be exercised by the
<br />gages rnsen the I ne l l g 1 bi l ty f or ��G9
<br />insurance under the National (busing Act L1F -1
<br />Is doss to the mortgagee's failure to ---- a---- -___ —_
<br />realt this mortgage insurance premium — ISeaII
<br />to the Departmnt of Housing and Urban
<br />Dwelopment. (Sees(
<br />Iced!
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