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I 87- -.10'7 ,) OR 12. The Mortgagor further agrees that should this mortgage and the note secured hereby not be eligible for insurance under the Nalionsl Housing Act within it) 1) tic from the date hereof (whiten grntp,m,,,t of any officer of tire. Department of Housing and Urban Development or authorized agent of the Soriclary of Housing and Urban Do- Mopment dated subscrlu tit to the Stated time from the date of this mortgage, declining to inure said note and this mortgage, beinq deemed conclusive proof of Ineligibility), the Mortgagee or holder of the note may, at Its option, declare all sums secured hereby inrnedlatry r due and payable. This option may not be exercised by the Mortgagee when the Ineligibility for Instir- - tinder Ili- National Housing Act Is due to the Mortgagee's failure to remit the Mortgage Insurance Premium to the Department of Housing and Urban Development. 13. That ff the Mortgagor falls to make any payments of money when the same become due, or falls to conform to and ccniply with arty of the conditions or agreements contained In this mortgage, or the note which it secures, then the entire principal 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 ban to the tine of commencing such forclosure suit, and a reasonable attorney's fee, all of which shall be included In the decree of foreclosure; and the contract embodied In this mortgage and the note secured hereby, shall In all respects be governed, construed and adjudged by the laws of Nebraska; where the some Is made. The covenants herein contained shall bind, and the benefits and advantages shall insure 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 be applicable to 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 Mortgagor; otherwise to be and remain in full force and effect. IN WITNESS WHEREOF, the Mortgagor(s) ha vc hereunto set thei r —hand(s) the day and year first above written. In Presence of: i. ty/YL [SEAL] R ae� L.� ugan C i t [SEAL] Patrick E. Dugan rccnn n (SEAL) [SEAL] Lela -M. Dugan STATE OF NEBRASKA, ss: COUNTY OF HALL ))) On this 3rd day of December . A.D. 19__8_7 before me. a Notary Public in and for said County, personally came Ranae L. Dugan, a single person and Patrick ugan and Lela M. Dugan, husband and wife, personally to me known to be the klentical person(s) whose names) are affixed to the above and foregoing instrument as Mortgagor, and they have acknowledged the said Instrument and the execution thereof to be their voluntary act and deed, for the purposes therein expressed. In testimony whereol. I have hereunto set my hand and affixed by Of f is ig I at at Grand Island on the day and dale last above written. .�..� -�Y�J f 11101R1r -Sbk sf fILESka Notary mmi COlq�E S. BALES My Commission Expires: STATE OF NEBRASKA fw 4 &L if. ism Flied for the Record this day of A.D. at o'clock _M., and entered In Numerical Index, and recorded in Book of Mortgages, on Page of Register cf DeeCs CERTIFICATION: This Mortgage form contains no variation from the HUD Form 92143M (9.79) other than the piepayment provision which has been amended pursuant to Mortgagee Letter 85.18 dated July 25, 1985. Page 3 of 3 •'!27 -2 CTt (07m)