9. That at additional and collateral security for the payment
<br />of the mote doicribed, and all sum to become due under this
<br />the Mortgagor hereby assigns to the Mortgagee all
<br />Profits. revenues. 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 Indsilstedneu as wed before as after default in the condi-
<br />tions of this mortgage, and the Mongsgee 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 />become 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 lard, nor suffer the said premises to be used for any
<br />unlawful purpose.
<br />11. That if the premises, or any art thereof, be condemned
<br />under the power of eminent domain, or acquired for a public
<br />rise, the damage 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 Mortgage, and shall be aid forthwith to said
<br />Mortgagee to be applied by the latter on account of the next
<br />maturing installments of such indebtedness.
<br />105667
<br />32. The Mortgagor further wm that should this mortgage
<br />and the note secured hereby not he eligible for inwow under
<br />the National Mousing Act within days
<br />from the date hereof (written statement of an officer of the
<br />Department of Housing and Urban Mvelopintrat or sutborired
<br />agent of the Secretary of Housing and Urban Dev
<br />subsequent to the 60 days' time from the date
<br />of this mortgage, declining to insure said tacos and this Mortgage,
<br />being deemed conclusive proof of such ineligibility), the Mon -
<br />gagee or holder of the note may, at its option, declare all stuns
<br />secured hereby immediately due and payable. Notwh
<br />the foregoing, this option may not be exercised by the holder of
<br />the note when the ineligibility for insurance under the National
<br />Housing Act is due to the Mortgage's failure to remit the Mort-
<br />gage Insurance Premium to the Department of Housing and
<br />Urban Development.
<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 satires, then the entire prin-
<br />cipal sum and accrued interest shall at once become dux 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 embodies 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,
<br />administrators, 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
<br />according 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 forte and effect.
<br />Is wMuaan wMW the Mortgagor(s) he vt hereunto set liretr hand(s) the day and year first above written.
<br />In presence of.
<br />(Sall
<br />�cra y'v.St.7 • r �yl �r) (Semi
<br />IF"'?ll
<br />
|