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86-- 142653 to. That the Mortgagor will keep the buildings upon said premises in good repair, and neeher commit nor permit waste upon said land, rum suffer the said premises to be used for any unlawful purpose. 11. That if the premises, or any part thereof. he condemned under the power of eminent domain. or acquired for a public use. the damages awarded. the proceeds for the taking of. ,x the consideration for such acquisition. to the extent of the full amount of indtbtedeas upon this mmtpge and the note which it is given to secure remaining unpaid. are hereby assigned by the Mortgt W to the McrtpW. and shall be paid forthwith to said Mortgagee to be applied by the latter on account of the next maturing inuallmmis of such indebtedness. 12. The Monpgor fttrtber agrees that should this mortgage and the time secured hereby not he eligible for in- surance under the National Housing Act �within ' 10 Days from the date hereof twritten statement of any officer of the Department of Housing and LStt3� Development or authorized agent of the Secretary of Housing and Urban Development dated subsequent to the a time from the date of this mortgage. declining to insure said note and this mortgage. being deemed conclusive proof of such ineligibility). the Monpgee or holder of the note may. at its option, declare all sums recurred hereby immediately due and payable. *SEE NOTE 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 election of the Mortgagee: and this mortgage may thereupon be foreclosed immediately for the whole of said money, interest, mo -thly 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 fee. all of which shall be included in the decree of foreclosure: and the contract embodied 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 to, the respective heirs, executors. administrators, successors and assigns of the parties hereto. Whenever used. the singular number shall include the ; c,tal, 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 legal import. this conveyance shall be void and said premises released al the expense of the Mortgagor. otherwise to he and remain in full force and effect. IN WITNESS WHEREOF. the Mortgagor +si ha ve hereunto set the tr handist the day and year first above written. In presence of SEAL 1 arjdall J SEAL [ Dorothy E F: pps �� [SEAL[ [ SEAL I I SEAL I STATE OF NEBRASKA. COUNTY OF HALL On this 16th dayof `la,; A D Iy86 .before me. Connie Bales, a Notary Public n, and for .aid County , per-,-naily came Randall J. Phipps anti Dorothy E. Phipps, husband and wife, . personally to me known to be the identical persons whose name s are affixed to the above and fore- going instrument as Mortgagor. and they have acknowledged the said instrument and the execution thereof to be their oluntary act and deed, for the purposes therein expressed. In testimony whereof. I have hereunto ,eimv hand and affixed br Off! cia. ,al at Grand Island on the day and date last above written of Nllriq Iffift Notary Public C010" MIMI QAL ES tl M Mf Worst. izn ?�"� *CWA E; k it W STATE OF NEBRASKA Filed for record this daq of A D 19 at o'clock M , and entered in Numerical index, and recorded in Book of Mortgages. on Page of Register of Ikeds *12. NOTE: This option mar not be exercised by the mortgagee when the ineligibility for insurance under the National Housing Act is due to the Mortgagee's failure to remit the mort.aue insurance premium '.o the Department .,f Housing an—' Crhai Development. :43F is i�:SM •�