87106276 - Laserfiche WebLink

Browse

y. a 9. Thu as adddtcrtal wid collateral security for the payment of ibe note described, and all sums to become due under this the Mortgagor hereby assigns to the Mort all profits, revenues, royalties, rights and benefits accruing to the Mortgagor under any and all oil and gas leases on said premises, with the right to receive and receipt for the same and apply them to said indebtedness as well before as after default in the condi- tions of this mortgage, and the Mortgagee may demand, sue for and recover any such payments when due and payable, but shall not be required so to do. This assignment is to terminate and become null and void upon release of this mortgage. 10. That the Mortgagor will keep the buildings upon said premier in good repair, and neither commit nor permit waste upon said land, nor suffer the said prrmises to be used for any unlawful purpose. 11. That if the premises, or any part thereof, be condemned under the power of eminent domain, or acquired for a public use, the damages awarded, the proceeds for the taking of, or the consideration for such acquisition, to the extent of the full amount of indebtedness upon this mortgage and the note which it is given to secure remaWng unpaid, are hereby assigned by the Mortgagor to the Mortgagee, and shall be paid forthwith to said Mortgagee to be applied by the latter on account of the next maturing installments of such indebtedness. 13. That if the Mortgagor fails to make any payments of money when the same become due, or fails to conform to and comply with any of the conditions or agreements contained in this mortgage, or the note 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. The 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 void and said premises released at the expense of the Mort- gagor; otherwise to be and remain in full force and effect. In witness wbereet the Mortgagor(s) * hereunto set their hand(s) the day and year first above written. RE ADXBVM RAZ PJ= 10FOED IEREOJ AND [ �A PART CE I� iTR ACDi*!'MM URE, In presence of: . Pape 3 of 4 0 11 Iseai) [sew] Iseadl Ill lseall HLq"2149b1.1 IR