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<br />lu That the Mortgagor will keep the buildings upon v,d premises in good repair, and neither commit nor permit waste
<br />upon said )and. nor ruder the said premises to be used for any unlawful purpose.
<br />i I That of the premises. or any part thereof. be condemned under the power of eminent domain, or acquired for a public
<br />use, the damages awarded. the proceeds for the taking of, or the consideration for such acquisition, to the extent of the full
<br />amount of indehiednes upon this mortgage and the note which it is given to secure remaining unpaid, are hereby assigned by the
<br />Mortgagor to the Mortgagee, and shall be paid forthwith to said Mortgagee to be applied by the latter on account of the next
<br />maturing installments of such indebtedness.
<br />12. The Mortgagor further agrees that should this mortgage and the note secured hereby not be eligible for in-
<br />surance under the National Housing Act within 60 days from the date hereof (written statement of any officer
<br />of the Department of Housing and Urban Devclopmcm or authorized agent of the Secretary of Housing and Urban
<br />Development dated subsequent to the 60 days time from the date of this mortgage, declining to insure said
<br />note and this mortgage, being deemed conclusive proof of such ineligihility), the Mortgagee or holder of the note
<br />may, at its option, declare all sums recurred hereby immediately due and payable. *See Below
<br />13. That if the ! Mortgagor fails to make any payments of money when the same become due, or fails to conform to and
<br />comply with any of the conditions or agreements contained in this mortgage, or the note which it secures, then the entire princi-
<br />pal sum and accrued interest shall at once become due and payable. at the election of the Mortgagee: and this mortgage ma}
<br />thereupon be foreclosed immediately for the whole of said money. interest, monthly payments, costs, ground rents, taxes and
<br />the cost of extending the abstract of title from the date of this loan to the time of commencing such foreclosure suit;'and a rea-
<br />sonable attorney's fee, all of which shall be included in the decree of :fc. eclosure: and the contract embodied in this mortgage
<br />and the note secured hereby, shall in all respects be governed. construed and adjudged by the laws of Nebraska, where the
<br />same is made.
<br />The cosenants herein contained shall bind, and the benefits and ad%antages shall insure to, the respective heirs, executors,
<br />Administrators. successors and assigns of the parties hereto. Whenever used, the singular number shat! include the plural, the
<br />plural the singular, and the use of any gender shall be applicable to all genders.
<br />The foregoing conditions, all and singular, being performed according to their natural and legal import, this conveyance
<br />shall be void and said premises released at the expense of the Mortgagor, otherwise to he and remain in full force and effect.
<br />IN' WITNESS WHEREOF, the Mortgagor(s) ha ve hereunto set the i r hand(s) the day and year first
<br />above written.
<br />SEE ADJUSTABLE RATE RIDER ATTACHED HERETO AND MADE A PART HEREOF FOR ADDITIONAL
<br />TERMS, COVENANTS AND CONDITIONS OF THIS MORTGAGE.
<br />In presence of:
<br />ei:�t.on may no *_ be exercised by
<br />e mortgacee when the ineligibility
<br />insurance under the National Theodore C. Molczyk
<br />[SEAL)
<br />��r
<br />;r,g pct is due to the mortgagee's jSE.AL1
<br />a .ure tc remit the mortgage insurance
<br />/,> - 1 <.� .:;
<br />i
<br />to the Department of Housing - [ SEAL !
<br />ed n� o czy
<br />3 ^:d 'urban Develonmer.t.
<br />[SEAL)
<br />!SEAL!
<br />STATE OF NEBRASKA.
<br />ss:
<br />COUNTY OF HALL
<br />On this 10th day of February - A.D. 19 86. before me,
<br />Notary Public in and for said County, personally came
<br />Theodore C. Molczyk and Jean Ann Molczyk, Husband and Wife
<br />to be the identical person g whose names . personally to me known
<br />are affixed to the above and fore.
<br />going instrument as Mortgagor, and they have acknowledged the said instrument and the
<br />execution thereof to be their voluntary act and deed, for the purposes therein expressed.
<br />In testimony whereof, I have hereunto set my hand and affixed by
<br />on the day and date last above written.
<br />OOLOM �— ANA aBu d G N :_s R
<br />f111W :
<br />. .
<br />4, 1988
<br />STATE QF NEBRASKA ss
<br />Filed for record this day of
<br />at o'clock
<br />recorded in Book
<br />Page of
<br />notarialseal at Grand Island
<br />Notary Public
<br />A. D. 19
<br />M.. and entered in Numerical Index, and
<br />of Mortgages, on
<br />Register of Deeds
<br />1.) 971 u'.,.+ iN '92
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