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86-- 101587 H1, That [rte Wvigagor u;iV ker, ^: the build3rn&ls iIVM w4°tu n-- etniae- in ;chk; 'c'} + 7.:.: +c..x.i net ::+tn i;tft '10T [+: rtt,t A;�V.vr upon said land. nor sufeT the said prrmist, icy he used far atty .rm rxx fuI 11. That if the premises. it any pan ',herr,If. he e:onderrtned ;dueler IN.- :uas er ua 1M nenr a«rnaan. or :seSuirrd Ior a public use. The damages awarded. the proceed, for tiu tai ing of. or the carrrsideraticm for .ai,:h acquismor. To The extent of the fu ?i amount of itxiebsedaes upon this mortgage rmd'the note u hich it is _en en to secure Temaining unpaid, are her: by assietxd hr' the Aortgagor to The Mors&dgee. and Shafl fee paid fortb%ith to said Morigaper to be :applied f+y the latter on account + i the neat maataing instalfinents of such inde arAness 12. The MorlgaGtr further agrees that shtndd this mortgage and the note se: used hcrehx' not tie eligible for in- surance under t* Nalsonai Houucisge :Act xs ithin So days fror! the ,late hereof rx ritten statement of any officer cif the H anew 4 ousing and Urban Development or authorized agent of the Secretary of Housing and Urhan IX-veilopntant dated subsequeni to the 'a days time from the date 9 this mortgage. declining to insure said note and this mor4wgc. he* deemed conclusive proof of such ineligihii T% L the Morgagee or holder of the nc+te may, at its tvlkm, declare all s urn. securred herchy immediately due and payable. ** See Below 13. That if the Mortgagor fails to make any pa }-ments of money when the same become due. or `ail, to conform to send comply with an% of the conditions or agreements contained in this mortgage. or the mate which it secures, then the enure .princi- pal sum and accrued interest shall at ranee become due and payable_ at the Liecijon of the Mortgagee: and this mortgage may thercaipon he foreclosed immediately for the whole of said money, inseresi. m,,1Ti h'y payments osts. ground rents. taxes and the cost of rx1endingthe a s%zrazi of title from the date of this loan to the time +f commencing such foreclosure ,Half. and ; ea- .c+tttehlr attorneys fee. all of which shall he included in the decree of Bute losure::ind the contract emhodied in thi mortsaee and the note secured hereby, shall in all respects he governed. construed and adtu,,eed by -fie laws of Nebraska. where the same A trade. `tie covenants herein contained ;hall hind, and the benefits and advantages shall insure to. the respertive heir,. executors, adimaustrators. successors and assigns of the parties hereto. +d heneuer used. the singular number shall include the nlurai, the phtrai the sineuiar. and She use of any gender shall he :applicable to all genders. The foregoing conditions, all and singular. heing nerformed according To their natural and legal import. this conveyance khall he void and said premises *--leased at The expense of the Mortgagor: otheru-ise to be and remain in full force and effect. IN i+1TTNESS WHEREOF. the NlorTgagoroo have hereunto set thei r handtsi the dax and veaT first above a•rirlen. In presence of: �* This Option may not be exercised by tits '+L- SEAL mortgagee when the ineligibilty for insurance under the National Housing Act is due to the mortgagee's failure to _ +SEAL. remit the mortgage insurance premium NICHOLS to the Department of Housing and Urban -AL Development. SEAT_ SEAL STATE OF NEBRASKA. COUNTY OF HALL On this st day of April A.D. 19 gb . before me. a Notary Public in and for said Coumv. personalh came JAWS 14 NiCHD S and DNDIEA E. NlCHOLS, HUSBAND AND WIFE personal] 10 me known to be the identical person sA hose name 5 have beer affixed to the above and fore- going instrument as Mortgagor. and they have acknowiedged the said instrument and the execution thereof to be their voluntary act and deed, for the purposes therein expressed. In testimony i hereof_ I have hereunto set my hand and affixed by official seal at GRAND ISLAND on the day and date last above written- STATE OF NEBRASKA Filed for record this at o'clock recorded in Book PW of I - -. ss d ay of ,1/i_ amt 's'otart Pui+lic t53� M_, and enter Index. and of Mortgages. on Register of Derds l