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86101481
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86101481
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10/18/2011 8:37:27 AM
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3/31/2008 2:12:44 PM
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DEEDS
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86101481
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r-5 -10148 J. <br />1(t. That the Mortgagor wii3 keep the buildings upon said premises in good repair. and neither commit nor permit waste <br />upon said land, nor suffer the said premises to be used for any unlawful purpose. <br />11. That if the premises, or any pan 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 indebtednes 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 he 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 he eligible for in- <br />surance under the National Housing Act within sixty days from the date hereof (written statement of any officer <br />of the Department of Housing and Urban Development or authorized agent of the Secretary (if .Housing and urban <br />Development dated subsequent to the sixty days time from the date of this mortgage, declining to insure said <br />note and this mortgage, being deemed conclusive proof of such ineligibility), the Mortgagee or :holder of the note <br />may, as its option..dechtre 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 may <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 forecosure: and the contract embodied in this mortgage <br />and the note secured hereby, shall in all respects he governed, construed and adjudged by the laws of Nebraska, where the <br />same is made. <br />The covenants herein contained shall bind, and the benefits and advantages shall insure to, the respective heirs, executors, <br />administrators, successors and assigns of the parties hereto. Whenever used, the singular number shall 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 <_onveyance <br />shall be void and said premises released at the expense of the Mortgaga. otherwise to he and remain in full force and effect. <br />IN WITNESS WHEREOF, the Mortgagor(s) ha ve hereunto set their hand Is) the day and year first <br />above written. <br />In presence of: <br />**This option may not be exercised by the <br />mortgagee when the ineligibilty for I SEAL. I <br />insurance under the National Housing Patrick Leo ay <br />Act is due to the mortgagee's failure-.--.-.--- [SEAL <br />to remit the mortgage insurance <br />premium to the Department of Housing ra ay I :SEAL i <br />and Urban Development. <br />[ SE.Al_ ; <br />I SEAL! <br />STATE OF NEBRASKA, <br />ss: <br />COUNTY OF Hall <br />On this 27th da_v of March . A.D. 19 86 before me. <br />Notary Public in and for said County, personally came <br />Patrick: Leo Fay and Deborah A. Fay, husband and wife <br />. personalh to me known <br />to he the identical person s whose name s are affixed to the above and fore- <br />going instrument as Mortgagor, and they have acknoµ ]edged the said instrument and the <br />execution thereof to he their voluntary act and deed. for the purposes therein expressed. <br />In testimony whereof. I have hereunto set my hand and affixed by notarial seal at Grand Island <br />on the da_v and date last above written. 6944 <br />+rMwatr �9aA <br />SN'otary Yubfic <br />STATE OF NEBRASKA ss <br />Filed for record this day of A.D. 19 <br />at o'clock M.. and entered in Numerical index, and <br />recorded in Book of Mortgages. on <br />pap of <br />Register of Deeds <br />N <br />
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