100856
<br />the It jau"'. , ',,he mo'"aijee s-hall 3PDJ�, at ttir ?fine 01 Ite -OPIM
<br />Prog"Y otherwise afl� Y "0
<br />�t , M'�Ie7W'.St aCQ'Jifed, the a'Mal "I th'n
<br />Proce'disgst or at the t1'r
<br />anj U-TIP-d a:ld 'he
<br />Nortgapr under (a) of paragraph 13-e .Tsang,, as a credit cm the intejvs;
<br />balance to the principal then remaining QflPa-.j an said note
<br />4. Ile lien of this instrument shall remain in full force and effect during any exti-n-
<br />Sim of the time of payment of the indebtedness or any part thereof secured hereby.
<br />5. Be will pay an ground rents, taxes, assessments, water rates, and other govertimenial or municipal
<br />levied upon said premise-- and that he will pay all ,Axes levied upon this
<br />doa;rgea, fines, or impositions,
<br />rAortgage, or the debt secured thereby, together with any other taxes or asstm sments. WhICII, May be levied
<br />the laws of Nebrasim against the Mortgagee, or the legal holder of said principal note, or, account of
<br />under
<br />,mitent for all such items has theretofore been made under (a) of park,
<br />this indebtedneW except when pa-
<br />deliver the official receipts therefor to the Mortgagee. In default
<br />graph 2 hereof, and he will promptly
<br />thereof the Mortgagee array P&3, the same.
<br />J. If he fails to pay any sum or keep any covenant provided for in this Mor, gal Ze' the Mortgagee. at
<br />its option, my pay or perform the same, and all expenditures no made shall by zitided To the principal sum
<br />owing on the above note, shall be secured hereby, and shall bear int-t-St 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 I),- notes
<br />advanced by Mortgagee for the alteration, modernizatioi, or improvement made at the
<br />for the sum or sums
<br />Mortgaigoes request; or for maintenance of said premises, or for taxes or assessments against the same,
<br />authorized hereunder, Said note or notes shall be secured hereby
<br />and for any other purpose elsewhere
<br />with and as fullyas if the advance evidenced thereby were included an the nfAte first described
<br />on a parity
<br />Said supplemental note or notes shall bear interest at the rate. provided for ir. the principal indebt-
<br />above.
<br />and shall be payable in approximateiy equai monthly payrnent-s for such period as may be agreed
<br />edness
<br />upon by the Mortgagee and Mortgagor. Failing to agree on the maturity, the whole of the Sum or sums
<br />thirty (30) days after demand by tfif-a Mortgagee. In no event. shall
<br />so advanced shall be due and payable
<br />the maturity extend beyond the ultimate maturity of the note first described above.
<br />B. 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 sac ,- 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. revenues and income to be derived from the mort-
<br />'!Mortgagee
<br />gaged premises during such time as the mortgage indebtedness shall, remain unpaid'; and the
<br />it may desire for the purpose of renting the same and,
<br />shall have power to appoint. any agent or agents
<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 vollecting rentplis therefrom. the balance
<br />remaining, if any, to be applied toward the discharge of said mortgage indebtedness.
<br />9. He will continuousiv maintain hazard in.suranct-, of such type or types and amounts as the Murt-
<br />hereafter on said and except
<br />gagee may, from time to time require, on the improvements now or premises,
<br />for all such premiums has theretofore been made under I a) of paragraph ?hereof, ,ivill pay
<br />when payment
<br />promptly when due any premiums therefor. Upon default thereof, �ortgagee m I)a-; the same. All
<br />by the 1*50-thragee and the pi] cues a,)d reriewalls.1hereo"
<br />insurance shall be carried in companies approved
<br />be held by the Mortgagee and have attached thereto loss payable clauses ;n favor of and in :arm
<br />shall
<br />acceptable to the Mortgagee. in event of loss Mortgagor ""ll give immediate notice Lw mail to the Mort-
<br />if by %ortgagor, and each insurance compan-,
<br />gagee, who may make proof of loss not made promptly
<br />I � such luss, directly to the Mortgagee
<br />is hereby authorized and directed to-) make payment "or su
<br />concerned
<br />instead of to the Mortgagor and the Mortgagee i0intly. PTA the insurance proceeds. or any part thereof.
<br />to the uctir -,f the iridebtedpessberebvseco-ed
<br />may be applied b%, the Mortgagee at its option either read, ..)n
<br />In of foreclosure of this mortgage, or other
<br />or to the restoration or repair of the property- damaged. event
<br />transfer of title to the mortgaged proporty in EXtiT191.1iShMent of th, indebtedness secured hereby, all
<br />right, title and interest of the Mortgagor in and to any Jllsliranct, 1101iCieS tht-T 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 1(: become
<br />t�
<br />due under this mortgage. the Mortgagor hireby assigns to the Mcirtgagei_• all lease bmiuses, profi , reve-
<br />nues, royalties, rights an6 other benefits accruing to the Mortgagor under any and all oil and gas leases,
<br />on said rnisi-s. with the right to receive and receipt
<br />now, or during the life 4 this mortgage, executed pre
<br />for the same and apply them to said indebtedness as well h-efort, as after default in the conditions of this
<br />mortgage, and the Mortgagee may demand. sun, for and n-cov r any such payments when due and payable.,
<br />butshall not be required so to do.- This ass;jz'nment 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 />T t its option,
<br />wear and tear excepted. .'Iron any failure to sit maintain, Mortgagee. a
<br />present. reasonable
<br />reasonable maintenance work to b-P performed at the ensl of Mortgagor Any amount., paid
<br />may cause
<br />therefor by Mortgagee shall bear interest at the rate provided for in the principal indebtedness, shah
<br />thereupon become a part of the indebtedness s-iruri-d 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 not execute or file of recoro 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 power of firninent 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 />hereby assigned to the Mortgag&e, and shall be paid forthwith to said Mortgagee, to 1-w applied
<br />gage, are
<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 conform to and comply Ivah any
<br />if the Mort-
<br />of the conditions or agreements contained in this mortgage. or the notes which it securi-s, or
<br />bankrupt4w Air receivership T)rovt"iing. then the
<br />gagor be adjudicated bankrupt or made defendant in a
<br />sum and accrued interest shall at once be(tome dli, and savable, at the elect ion of the N!,irt-
<br />entire principal I
<br />and this mortgage may Ifien-utym be forevk)sed for !11" '4'ht)14� oft illtivbt'dnvss
<br />Ithe
<br />Sagee.,
<br />- , rear the date c>f 1h, ni;,rwav to
<br />hereby secured. including the cost of extending 1he alpstract of t J 4-
<br />Ltime such suit, a reaso.Anable. attorneys fei^. and any sums paid by the 1 t-,rans AAnil ,stra-
<br />of commencing
<br />tion on account of the guaranty or insurance of the indebtedness s� -lrred hereby, all 41f
<br />iwAuded in the decree of f(jrPc1(.*urt-.
<br />15, Title 34 United ;stwas Obde, and the jtegAjjatjo,nq issued thereunder shall go% PrT1 the rignt " duties,
<br />and ti&tiibtm of the partlies bereui. and any prov,4t(-7 of this or , _'i her instnir,
<br />re
<br />with said indebil*dntesti which are
<br />'41 ciomfomt thereto,
<br />
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