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86-- 100591 It). That the Mortgagor Atli keep the building, upon said premises in good repair. and neither commit not permit waste upon said land, nor suffer the said premises to be used for any unlawful purpose. I I 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 indehtednes upon this mortgage and the note which it is given to secure remaining unpaid, are hereby assigned by the Mortgagor to the !Mortgagee. and shall be paid forthwith to said Mortgagee to he applied by the latter on account of the next maturing installments of such indebtedness. 1_'. The Mongagor further agrees that should this mortgage and the note secured hereby not be eligible for in- surance under the National Housing Act within 60 days from the date hereof (written statement of any officer o ^ f the ; artment of Housing and Urban Development or authorized agent of the Secretary of Housing and Urban Development dated subsequent to the 60 days time from insure said the date of this mortgage, declining to note and this mortgage. being deemed conclusive proof of such ineltgibilit) ). the Mortgagee or holder of the note may, at its option, declare all sums recurred hereby immediately due and payable. • See Below 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 Ahich it secures, then the entire princi- pal 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 extendingthe abstract of title from the date of this loan to the time of commencing such foreclosure suit; and a rea- sonable attorney's fee, all of which shall be included in the decree or tforeclosure; 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 same is made. The covenants herein contained shall hind, 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 condition %, 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; otherA tse to be and remain in full force and effect. IN WITNESS WHEREOF. the Mortgagorts) ha ve hereunto set their hand(s) the day and year first above written. SEE ADJUSTABLE RATE RIDER ATTACHED HERETO AND MADE A PART HEREOF FOR ADDITIONAL TERMS, COVENANTS AND CONDITIONS OF THIS MORTGAGE. In presence of: ^,.s option may not be exercised by r_ e mortgagee when the ineligibility 1 �� {if i SEALI 'or insurance under the National Ger' I� 'Johnson Housing Act is due to the mortgagee's ( S£ALI failure to remit the mortgage insurance A;,• « _ ( SEAL I premium to the Department of Housing Anna R. Johnson• and Urban Development. (SEAL] ( SEAL I STATE OF NEBRASKA. ss: COUNTYOF HALL On this 31st day of January A.D. 19 86 . before me. a Notary Public in and for said County, personally came Gerry L. Johnson and Anna R. Johnson, Husband and Wife personally to me known to be the identical person s whose name s are affixed to the above and fore- going 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 whereof. I have hereunto set my hand and affixed by notarialseal at Grand Island on the day and date last above written. 001��/R Notary Pubftc Nt Orta 6F w 41w STATE OF NEBRASKA ss Filed for record this day of at o'clock recorded in Book Page of A. D. 19 M., and entered in Numerical Index, and of Mortgages, on Register of Deeds rail r) 9.11 A3 V ;4 '19' I M1