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<br />nark shall be added to the principal sum owing on the above
<br />note, 4" be secured hereby, and shall bear interest at the rate
<br />set forth in the said note, until paid.
<br />7. That the Mortgagor hereby assigns, transfers and sets eve•.
<br />10 the Mortgagee, to be applied toward the payment of the note
<br />and all sums secured hereby in case of a default in the perfor-
<br />sald misaft tits Ad the rents, and ironcome to this
<br />be derived from
<br />the
<br />the mortgaged premises during such time as the mortgage in-
<br />debMhwn shall remain unpaid . and the Mortgagee shall have
<br />Power to Appoint any agent or agents it may desire for the put -
<br />•rose of repairing said premises and of renting the same and col-
<br />lecting the rents, revenues and income, and it may pay out of
<br />said incomes all expenses of repairing said premises and necessary
<br />commrissions 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 />g. That the Mortgagor will keep the improvements now t�-
<br />issing or hereafter erected on the mortgaged property, insured as
<br />FRAY be required from time to time by the Mortgagee against loss
<br />by fire and other hazards, casualties Arid contingencies in such
<br />amount 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 />bereinbefore. 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 />Payable clauses in favor of and in form acceptable to the Mot.
<br />tiAW_ In event of loss Mortgagor will give immediate notice by
<br />marl to the Mortgagee• who may snake proof of toss 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 Mortgagor and the
<br />Mortgagee jointly, and the insurance proceeds, or any part
<br />thereof, may be apples by the Mortgagee a! i!s option either to
<br />I
<br />ux reduction of the indebtedness hereby secured or to the
<br />restoration or regain of the property
<br />foreclosure of this f event th of
<br />npc►iage or alter transfer of title to the seer
<br />18OW property in extinguishment of the indebtedness secured
<br />herby, an ht, rig title and interest of the Mortgagor in and to
<br />any. Insurance popes then in force shall pass to the purchaser or
<br />gnmtee.
<br />4. That as additional and collet" siturfWf,jlIt t)a oil>glgtnt
<br />Of the [tote described. and all sutras to blieoase dsie ittti -
<br />owrtgsge. the Mortgagor hereby awipts to due Mor"R* ran.
<br />Prow. res`rnugs• royalties, rights and benefits accruing to the
<br />Mortgagor under any and all oil and gas leases 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 MongAgee may demand, sue for
<br />uud recover any such Payments when due and Payable, but shall
<br />riot be required so to do. This assignment is to terminate and
<br />become null std 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 I. 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 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 from the date hereof (written statement of atty 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 option declare all sums
<br />secured hereby immediately due and payabk" Sea Below
<br />11 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 becc .-ne due and
<br />payable, at the election of the Mortgagee; and this mortgage may
<br />o
<br />thereupon
<br />In hr
<br />m 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 benefit
<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 fora and effect.
<br />ties wNstess wbOreat the Mongagor(s) ha ve hereunto set thief r
<br />1, �heday ar first above written .
<br />on way not be eaercfsed by the fnsurenee undartthe NatioonallHousing Act
<br />IseNl
<br />is dve to the mortgagee's failure to -
<br />suit the sort" fnaurance -
<br />to the 0"rtment of Housing nd Urban
<br />Developmrit. n9 and Urban -'- f( - ISewl
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