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2 87- 105453 dwasea in favor of and in form UCWAbk to tire Mortgagee- In ~ of loss Mortgaill" will give Immediate notice by Mail to the Mortflogeat, who may make proof of loss if not Made Promptly by WgIoew, MW gagh insurance company concerned is hereby awlsoriged arA dirircilo;l to make Payment for such lost directly to the mortstaft 1swead of to the Mortgagor and ft Mortgagee Jawdly. OW ft Insurance pmm&, or any part thereof, may be applied by the Ma"Sag" at its opition efther to the reduction of the hado4ashum haegby second or to the restoration of repair of the property dismaged. in event of foreclosure of this Mortgage or Other transfer of title to the OW 1114111111108 in extinguishment Of The taiskbilesdaties nctiaed hereby, all right, title and interest Of the MonpW in and to any insurance policies then in force shall pass to the purchaser of oravace. 12, The Mortgagor furtligr Agrees that sliouw this snort_age and the note secured hereby not he clillihic for insurance under the National Housing Act within 0 days from this date hereof (written statement of an officer of the Depainment of Housing and Urban DevVIOP111941 Of Aluftfimld agent of the Secretary of "outing and Urban Development dated subsequent to the 60 days, time from the date of this mortgage, -declining to insure said note and this Mortgage, being deemed conclusive proof of such ineligibility). the Mort- or hoWr of the note may, at its option, declare all sums secured hereby immediately due and payable, Notwithstanding the foregoing. this option MAY not be exercised by the hOW9r Of the note when the ineligibility for insurance under the National Housing Act is due to the MongsW's failure to remit the Mort- gage Insurance Premium to the Department of Housing and Urban Dervetoprisent. 13. That if the Mortgagor fails to Make any Payments Of money when the same become due, of fails to conform to and comply with any of the conditions or agreements contained in this mortgage, or the me which it secures, then the entire prin- cipal sum and accrued interest shall at once become due and payable, at the election of the Mortgagee; and this mortgage may thereupon be foreclosed immediately for the whole of said money, interest, monthly payments, costs, ground rents, taxes and the cost of extending the abstract of title from the date of this loan to the time of commencing such foreclosure suit, and a reasonable attorney's fee, all of which shall be included in the decree of foreclosure; and the contract embodies in this mortgage and the note secured hereby, shall in all respects be governed, construed and adjudged by the laws of Nebraska, where the same Is made. Fhc covenants herein contained shall bind, and the benefits and advantages shall inure to, the respective heirs, executors, administrators. successors, and assigns of the parties hereto. Whenever used, the singular number shall include the plural, the plural the singular, and the use of any gender shall include all genders. The foregoing conditions, all and singular, being performed according to their natural and legal import, this conveyance shall be word and said premises released at the expense of the Mort- gagor; otherwise to be and remain in full force and effect. he witnee; wlisairof the Mort (s) he hereunto set their hand(s) the day and year first above written. In presence of: A04— L7U�T SEIM- 1. upMr HUD-OV43M-1 Pape 3 of 4 In UK