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t 86- 102645 to That the ttcrtgAgor uati kc p the building,, ap, n s�2ia twcr;a€ z± cn &1101 repair, :,P4 neither c.utimit nor permit w€sste upon said land, nor suffer the ,.zed premise, €o he uscil f any , =nlawfut purpose. 11, 'that if the prcmises, ax .ins part rhereof, be der�ned under the pa)wcr f eritncnt domain. or acquired far a public use. the damages awarded. the procecds for the taking of.:rr tfie consideration for uch acquisition. to the extent of the full antount 44 indebtednes upm this mortgage and the ncxe which it is given to secure remaining unpaid. are bereby assigned by the Vtortgagvx to the !Nn"plice. and ..W be paid forthwith to said 3t[xtgagee to he applied by the latter on account of the next maturing installments of such indebtedness, Imo. Tire Stongagor further agrees that should this mortgage and the note secured hereby not be eligible for in- surance under the National Housing Act within sixty days from the date hereof (written statement of any officer of the Depanment of Housing and D.' =Hain I)rve!opment or authorized agent of the Secretary of Housing and Urban Development dated subsequent u) the sixty days time from the date of this mortgage. declining u) insure said mote and this manga(te, being deemed conclusive proof of such ineligibility). the Mortgagee or holder of the mute may, at its option, declare all sums recurred hereby immediately due and payable. i,t 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 shalt at once become date and payable. at the election of the Mongagee: and this mortgage may thereupon be foreclosed immediately for the whole of said money. interest, monthly payments, 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 (cc. all of which shall be included in the decree of foreclosure, and the contract embodies in this mortgage and the note secured hereby. shall in all respects he 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 w, the respective heirs. executor.. administrators, successors and assigns of the panics 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 ut their natural and legal import. this conveyance shall be void and said premises released at the expense of the Mortgagor: otherwise to be and remain in full force and etfect. IN wITNESS WHERFOF. the Sforigagorts) ha ve hereunto set their hand(s) the day and year first above written. In presence of •* This option may not be exercised by the mortgagee when the in_ligibility 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. STATE OF NFIWASKA I SEAL I jSEALI I SEAL. I 1 SEAL. 1 SFAL I rs: COUNTY OF HALL On this 21st day of May . A D. 19 86 , before me. a Notary Public in and for said County. personally came Brian G. McDowell and Debra G. McDowell, Husband and Wife and G. Everett McDowell and Joleen McDowell, Husband and Wife . personally tome known to he the identical person s whose name s are affixed it) the above and fore- going instrument as Mortgagor. and they have acknowledged the said instrument and the execution thereof to he their solumary act and dged. for the purposes therein expressed. In testimony whereof. 1 have. hereunto set my hand and affixed by of f ieialseal at Grand Island oft the day and date last above written. I�,li 14-1 � ! J / �1* W- 94M400*4" i 'otary Public OOttDtlUs M. BE11f;;E1t �f* No 4. M_i SPATE OF NEBRASKA ss Filed for record this day of at o'clock recorded to Balk page of A.D 19 and entered in Numerical Index. and of Mortgages. on Register of Deeds I