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<br />made shall be added to the principal sum owing on the above
<br />note, tdrau be secured hereby. and shall bear interest at the rate
<br />W forth in the said note, until paid.
<br />7' That the MonNtor hereby assigns, transfers and sets over
<br />to the Mortgagee, to be applied toward the payment of the note
<br />d an assts -cured hereby in case of a default in the perfor-
<br />mance of any of the terms and conditions of this mortgage or the
<br />note, all the rents, revenues and income to be derived from
<br />the monWged premises during such time as the mortgage in-
<br />debtedisaiss remain unpaid, and the Mortgagee shall have
<br />power to "point any agent or agents it may desire for the pur-
<br />Psose of repairing said premises and of renting the same and col -
<br />[ming the rents, revenues and income, and it may pay out of
<br />said incomes all expenses of repairing said premises and necessary
<br />and expenses incurred in renting and managing the
<br />same and of collecting rentals therefrom; the balance remaining,
<br />if any, 10 be applied toward the discharge of said mortgage
<br />milebtednesa.
<br />9- That the Mortgagor will keep the improvements now ex-
<br />isting or hereafter erected on the mortgaged property, insured as
<br />may be required from time to time by the Mortgagee against loss
<br />by fare and other hazards, casualties and contingeecies in such
<br />amounts and for such periods as may be required by the Mort.
<br />gagee and will pay promptly, when dux, 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 />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 loan Mortgagor will give immediate notice by
<br />mail to the Mortgagee, who may [Hake 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 Mortgagee instead of to the Mortgagor and the
<br />Mortgagee jointly, and the insurance proceeds, or any pan
<br />thereof, may be applied by the Mortgagee as its option either to
<br />the redaction of the indebtedness hereby secured or to the
<br />raWration or repair of the property damaged. In event of
<br />foreclosure of this mortgage or other transfer of title to the mor-
<br />tgaged property in extinguistunettt of the indebtedness secured
<br />hereby, all right, title and interest of the Mortgagor in and to
<br />any insurance policies then in force shalt Pass to the Purchaser or
<br />Vurtee.
<br />9. That as additional and coltate � °
<br />[ro r "
<br />of the note described, and all sums ti' ' ' -
<br />mortgage. the Mortgagor hereby assigns to the Mogwwj
<br />P101113. revenues. royalties. rights and benefits accruing to the
<br />MorigaW under any and all oil and gas leases on said premises,
<br />with the right to Motive and receipt for the same and apply them
<br />to amid indebtedness as well before as after default in the condi-
<br />tions of this'^otWrge, and the Mortgagee may demand, sue for
<br />And recover any such payments when due and payable. but shall
<br />not be required so to do. This assignment is to terminate and
<br />null 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 />11. 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 utter
<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 [tote 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 suns
<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 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 shall include the plural, the
<br />plural the singular, and the use of any gender shall include all
<br />Senders.
<br />The foregoing conditions, all and singular, fx; tg PC -formed 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 />h sritaimas wYeref the Mottgagor(s) ha ve hereunto set the.f
<br />l C�J� . he�¢fi/ the ycat first above written.
<br />exa
<br />may runt be exercised by the ��l/�)�Y'{\ C/
<br />n ttq inelhglDilty for
<br />inaurs"Cs under the National Housing Act —T0� — — ISed1
<br />is due to the mortgagee's failure to
<br />remit the mert9490 insurance premium (Sall
<br />to thua Department of using and Urban --
<br />Devetopment. (yam)
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