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r a -8f - 102176 Ill. -that the Mortgagor will k,-,- !h,: buildings upon salt premise, ,n good repair.:. neither commit not permit waste upon said land. nor suffer the ,aid pr: raises in he used for ;,ny aml;l+, ful purpose. i I. That if the premises. or any part thereof, he condemned under, the power of eminent domain, or ,acquired for a puhli. use. the damages awarded, the pro eels for the taking of or the consideration for uch acquisition, in the extent of the full amount of indebtednes upon this mortgage and the note which it is given to secure remaining unpaid, are hereby assigned by the Mortgagor to the Mortgagee. and shall he paid forthwith to said Mortgagee to t e applied by the latter on account of the next maturing installments of such indebtedness. 12. The Mortgagor further agrees that should this mortgage and the note secured herehy not he eligible for in- surance under the National Housing Act within 60 days from the date hereof (written statement of am officer of the Department of Housing and Urban ikvclopment or authorized agent of the Secretary of Housing and Urban Development dated subsequent to the 60 days time from the date of this mortgage, declining to insure said note and this mortgage. being deemed conclusive proof of such ineligibility 1, the Mortgagee or holder of the note may. at its option, declare all sums recurred hereby immediately due and payable. ** See Below 13. That if the Mortgagor fails to make any payments of money when the same become due. or fails to conform to and comply with any of the conditions or agreements contained in this mortgage. or the note which it secures, then the entire princi- pal sum and accrued interest shall at once become due and payable. at the vleciion of the Mortgagee: and this mortgage may thereupon be foreclosed immediately for the whole of said money, interest. monthly paymcnh. costs, ground rents. taxes and 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- sonable attorney's fee. all of which shall he included in the decree of foreclosure: and the contract emhodied in this mortgage and the note secured herehy- shall in all respects be governed, construed and adjudged by the laws of Nebraska• where the same is made. The covenants herein contained shall bind, and the benefits and advantages shall insure to. the respective heirs. executors, administrators, successors and assigns of the parties hereto. Whenever used. the singular number shall include the plural, the plural the singular. and the use of any gender shall he applicable to all genders. The foregoing conditions. all and singular, being performed according to their natural and legal import, this conveyance shall he void and said premises released at the expense of the Mortgagor, u[henrisc to he and remain in foil force and effect. IN WITNESS WHEREOF. the Mortgagor(s) ha ve hereunto set thei r handfs) the day and year first above written. In presence of: ** This Option may not be exercised by the mortgagee when the ineligibilty for insurance under the National Housing Act is due to the mortgagee's failure to remit the mortgage insurance premium to the Department of Housing and Urban Development. (SEALI SEAL I STATE- OF NEBRASKA. COUNTY OF HALL On this 1 stday of May A.1). 19 86 hefurc ate, a Notary Public in and for said County. personally carne JAMES E. BURKS and SHAUNA L. BURKS, HUSBAND AND WIFE personally rsona to me known S' lobe the identical person swhose name s have been affixed to the above and fore- going instrument as Mortgagor, and they have acknowledged the said instrument and the execution thereof to be their volunian act and dyed. for the purposes therein expressed. In testimony whereof. 1 have hereunto set my hand and affixed by on the day and date last above written. �IIAt N6TA�1' -liar 1 ��Irti DOtt>�$ ht 8VMR MY Cc— Ew No ♦ IM STATE OF NEBRASKA ss Filed for record this day of at o'clock recorded in Book Page of officialsealat GRAND ISLAND A.U. 19 NL. and entered in Numerical Index. and of Mortgages. on Register of Deeds 7 f