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MV <br />Q" lUUMB <br />the property otherwise after ;tetault.. the Mortgagee shall apply, at the time of the commen erteni of sods <br />proceedings, or at the time Eh- property is otherwise acquired. the amount theta remaining to credit tf <br />Mortgagor under (a) of paragraph 2 preceding, as a credit on the interest t. rued and unpaid and the <br />balance to the principal then remaining mipaid on said note. <br />4. The lien of this instrument shall remain in full force and effect during any pxistponemera or exten- <br />sion of the time of payment of the indebtedness or any part thereof secured hereby. <br />5. He will pay all ground rents, taxes, assessments, water rates, and other governmental or municipal <br />charges, fines, or impositions, levied upon said premises and that he will pay all taxes levied upon this <br />mortgage, or the debt secured thereby, together With any other taxes or assessments which may be levied <br />under the laws of Nebraska against the Mortgagee, or the legal holder of said principal note, on account of <br />this indebtedness, except when payment for all such items has theretofore been made under (a) of para- <br />gtaph 2 hereof, and he will promptly deliver the official receipts therefor to the Mortgagee. In default <br />thereof the Mortgagee may pay the same. <br />6. If he fails to pay any sum or keep any covenant provided for in this Mortgage, the Mortgagee, at <br />its option, may pay or perform the same, and all expenditures so made shall be added to the principal sum <br />owing on the above note, shall be securer; hereby, and shall bear interest at the rate provided for in the <br />principal indebtedness until paid. <br />7. Upon request of the Mortgagee, Mortgagorshall execute and deliver a supplemental note or notes <br />for the sum or sums advanced by Mortgagee for the alteration, modernization or improvement made at the <br />Mortgagor's request; or for maintenance of said premises, or for taxes or assessments against the same, <br />and for any other purpose elsewhere authorized hereunder. Said note or notes shall be secured hereby <br />on a parity with and as fully as if the advance evidenced thereby were included in the note first described <br />above. Said supplemental note or notes shall bear interest at the rate provided for in the principal indebt- <br />edness and shall be payable in approximately equal monthly payments for such period as may be agreed <br />upon by the Mortgagee and Mortgagor. Failing to agree on the maturity, the whole of the sum or sums <br />so advanced shall be due and payable thirty (30) days after demand by the Mortgagee. In no event shall <br />the maturity extend beyond the ultimate maturity of the note first described above. <br />8. He hereby assigns, transfers and sets over to the Mortgagee. to be applied toward the payment of <br />the note and all sums secured hereby in case of a default in the performance of any of the terms and con- <br />ditions of this Mortgage or the said note, all the rents, evenues and income to be derived from the mort- <br />gaged premises during such time as the mortgage indebtedness shall remain unpaid; and the Mortgagee <br />shall have poker to appoint any agent or agents it may desire for the purpose of renting the same and <br />collecting the rents. revenues and income, and it may pay out of said incomes all necessary commissions <br />and expenses incurred in renting and managing the same and of collecting rentals therefrom ; the balance <br />remaining, if any, to be applied toward the discharge of said mortgage indebtedness. <br />9. He will continuously maintain hazard insurance, of such type or types and amounts as the Mort- <br />gagee may from time to time require, on the improvements noir or hereafter on said premises, and except <br />when payment for all such premiums has theretofore been made under 1a) of paragraph' _ hereof, will par <br />promptly when due any premiums therefor. Upon default thereof, Mortgagee may pa;; the same. Ail <br />insurance shall be carried in companies approved by the Mortgagee and the policies and renewals thereof <br />shall be held by the Mortgagee and have attached thereto loss payable clauses in favor of and in form <br />acceptable to the Mortgagee. In event of loss Mortgagor will give immediate notice by mail to the Mort- <br />gagee, who may make proof of loss if not made pmmptl• by Mortgagor, and each insurance company <br />concerned is hereby authorized and directed to make payment for such loss directly to the Mortgagee <br />instead of to the Mortgagor and the Mortgagee jointly, and the insurance proceeds, or any part thereof, <br />may be applied by the Mortgagee at its option either to the reduction of the indebtedness hereby secured <br />or to the restoration or repair of the property damaged. In event of foreclosure of this mortgage, or other <br />transfer of title to the mortgaged propreirty in extinguishment of the indebtedness secured hereby, all <br />right, title and interest of the Mortgagor in and to any insurance policies then in force shall pass to the <br />purchaser or grantee. <br />10. As additional and collateral security for the payment of the note described. and all sums to become <br />due under this mortgage, the Mortgagor hereby assigns to the Mortgagee all lease bonuses, profits, reve- <br />nues, royalties, rights and other benefits accruing to the Mortgagor tinder any and all oil and gas leases <br />now, or during the life of this mortgage, executed on said premises, with the right to receive and receipt <br />for the same and apply them to said indebtedness as well hefure as after default in the conditions of this <br />mortgage, and the Mortgagee may demand. site for and recover any such payments when due and payable, <br />but shall not be required so to do. This assignment is to terminate and become null and void upon release <br />of this mortgage. <br />11. He shall not commit or permit waste; and shall maintain the property in as good condition as at <br />present, reasonable wear and tear excepted. Upon any failure to so maintain, Mortgagee, at its option, <br />may cause reasonable maintenance work to be performed at the cost of Mortgagor. Any amounts paid <br />therefor by Mortgagee shall bear interest at the rate provided for in the principal indebtedness, shall <br />thereupon become. a part of the indebtedness secured by this instrument, ratably and on a parity with all <br />other indebtedness secured hereby, and shall be payable thirty (30) days after demand. <br />12. He will riot execute or file of record any instrument which imposes a restriction upon the sale or <br />occupancy of the property described herein on the basis of race, color or creed. <br />13. If the premises, or any part thereof, be condemned under the tower of eminent domain, or acquired <br />for a public use, the damages awarded, the proceeds for the taking of, or the consideration for such <br />acquisition, to the extent of the full amount of the remaining unpaid indebtedness secured by this mort- <br />gage, are hereby assigned to the Mortgagee, and shall be paid forthwith to said Mortgagee. to be applied <br />on account of the last maturing installments of such indebtedness. <br />14. If the Mortgagor fails to make any payments when due, or to conforin io and comply with any <br />of the conditions or agreements contained in this mortgage. or the notes which it secures, or if the Mort- <br />gagor be adjudicated bankrupt or made defendant in a bankruptcy or receivership proveedint„ then the <br />entire principal sum and accrued interest shall at otice� become due and payahle-, at the election of they Mort - <br />ga ; and this mortgage may thereulxyn kit, forecicxed immediately for thr whole of the indf4,triiness <br />hereby secured, including the cost of extending the abstract of title from the• dal,, ,if this nl0r!W:l e i) the <br />time of commencing such suit, a reasonable attorne -y's fee, and any sums paid by :he Vetersns A lruir :isEra- <br />tion on account of the guaranty or insurance of the indehtedness secured her.-by, all of which shall be <br />included in the decre- of foreclosure. <br />15. Title 39 United States C Ae, and the 11, eguiations :ssuef i the rouniter shall guvern t he r ,ghrs, duties <br />and liabilities, of the parties hereto. and any provisions of this or >.tfterirtstntrrents <�ernte i itz : ­r,rtrw ti.m <br />with said tnderbtedrwem which are invollaisterli with :mid Tal.' ni are r -r ,.rr,er :.ted arus <br />sutKr1rmented to r(mform the"-V_ <br />