|
9. That a additional and collateral security for the payment
<br />of the rate described, and ail sums to become due under this
<br />the Mortgagor hereby assigns to the Mortgages all
<br />profits. revenues, royalty, rights and benefits accruing to the
<br />Mortgagor under any and all at and gas losses 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 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 />become null and void upon release of this mortgage.
<br />10. That the Mortgagor will keep the buildings upon said
<br />premises in pod repair, and neither commit nor permit waste
<br />upon said lead, nor suff tr the said premises to be used for any
<br />unlawful purpose.
<br />11. That if the promises, 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 giver to socum remaining unpaid, are hereby assigned by the
<br />Mortgagor to the Mortgages, and shall be paid forthwith to said
<br />Mortgages to be applied by the lute on account of the next
<br />maturing installments of such indebtedness.
<br />In whooso whereof the Mortgagor(s) have hereunto set
<br />la presence of: a
<br />r
<br />12. The Mortgagor further agrees that should this mortgage
<br />and the we secured booby not be eligible for insurance under
<br />the National Housing Act within tfs
<br />from the date h000f (written statorA of an officer of ON
<br />Department bf Housing and Urban Development or autborixod
<br />agent of the S metary of Housing and Urban Gov AWA
<br />subsequent to the M days' tee from tho d
<br />of this mortgage, "brtng to insure said now a tits Mort"
<br />being deemed conclusive proof of such ineligibility), the Mon
<br />gagte or holder of the torte may, at its all sum
<br />secured hereby immediately due and payable. Notwithstanding
<br />the foregoing, this option may not be exercised by the holder o
<br />the tole when the ineligibility for insurance under the National
<br />Housing Act is due to the Mort 's failure to remit the Mot
<br />gage Insurance Premium to the Department of Housing and
<br />Urban Development.
<br />13. That if the Mortgagor falls 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, theft 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 m
<br />thereupon be foreclosed immediately for the whole of said
<br />money, interest, monthly payments, costs, ground rents, talcs
<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
<br />reasonable attorney's fee, all of which shall be included in the
<br />decree of foreclosure; and the contract embodies in this mortgs
<br />and the note secured hereby, shall in all respects be governed,
<br />construed and adjudged by the laws of Nebraska, where the see
<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, 11
<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 sh .
<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 />their hands) the day and year first above writt
<br />RIOM L. GEIST, JR.
<br />TAM S. IEIST
<br />Is
<br />HU"2143*1
<br />Pape 3 of 4 ,
<br />in
<br />A
<br />OR
<br />
|