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101533 144. That thte Mortgagor will ke-P the buildings upon ±aid prcmiset M -,k--d repait.:r.. nei0 c mmii nor mrmit u aste upon %aid hand. tav suffer the said premises tea #,e used few any t3ntsw #r 9 rzr{+."e- i I. That if the ;premises, or aria part thereof. be core red under the Niuet of etninerzt domain, or acquired for a public use. the s awarded, the proceed; for the taking of. or tisc considcratirxt for :lath acquisition. to the extent of the full amount of . imllebiedws upon this mortgage and the now 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 be applied by the latter on a..%wnt of the next maturing installments of such i ndeitedwss. 12. The ?►forapagor further agrees that should this mortgage and the note secured hereby not be eligible for in- surance Under the National Housing ." w =ithan so days from the date hereof {written statrment of any iditcer of the Department of Housing and urban Development of authcxized agent of the Secretary of Housing and urban Deytiopmew dated subsequem to the so days titre from the date of this mortgage. declining to insure said tame and tim mortgage, 'being detned conclusive proof of such ineligitultivl, the Mortgagee or holder of the note may, at its option, declare all sums sectored hereby immediately due and payable. * See Below 13. That if the Mcrtgagor fails to snake and payments of money when the same become due, or fails to conform to and comply, wiihu anyo# the cemdii ms or agreements contained im this mortgage, or the note which it secures. then the entire princi- pal sum and accrued interest shall at orate become clue and payable. at the election of the Mortgagee: and this mortgage may tlimaeupon be foreclostrd immediately for the whole of said money, interest, momhly payments. costs, ground rents. taxes and The cost of extending the abstract of title from the date of this loan 10 the time of commencing such foreclosure stria, and a rea- sonable anorney's fee. all of which shall he included in the decree of it and the c. +ntrsct embodied in this mortgage and the now secured hereby, shall in all respects be governed, construed and adjudged by the laws of Nebraska, where the saute is made. The covenants herein contained shall bind. and the benefits and advantages shall insure to. the respective heirs. executors. administrator -, successors and assigns of the parties hereto. \A'henever 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 conditions. all and singular, being performed according to their natural and team import, this conveyance shall be void and said premises released at the expense of the Mortgagor: otheru ise to he and remain in full force and effect. IN 1i- 7'TNESS WHEREOF. the Morteagorl sj have hereunto set thei r hand(s) the day and year first above written. In presence of: ** This Option may not be exercised by the tacrtgagee when the ineligibifty for insurance under the National Housing Act is due to the mortgagee's failure to remit the mortgage insurance premise to the Department of dousing and Urban Devvlopment. ✓�n 1 r SEAL ] .41 WHiTLDU SEAL] ] SEAL ] jSEALJ jSEAL] STATE OF NEBRASKA. ss: COL'N'TY OF On this 28 thday of lurch . A.D. 19 86. before me. a Notary Public in and for said County. personally came JOHN T ttHITLOCK and ✓rhERYL S WHITLDCK, HUSBAND AND WIFE ,personally to me known to be the identical person whose name has been affixed to the above and fore - going nstrument.as Mortgagor,:and they have acknowledged the said instrument and the execution thereof to be their voluntary act and dged. for the purposes therein expressed. official in testimony whereof. I have hereunto set my hand and affixed by on the day and date last above written. ul; - W�1��d STATE OF NEBRASKA ss Filed for record this day of at o'clock recorded in Book Pap Of seal at Grand Island A.D. 19 M.. and entered in Numerical Index, and of Mortgages. on Registerof Deeds cro 00 t-„x .;tiD 9:'43M 19 79'1