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r 86-102677 10, Thal Inc Ifort}m#or -A ll keep the is siwirgs aroo said frrrrasses in gum c§ re, air.. _< iseither commit noi permit :taste upon said land, rtor suffer ahe -. lid prenaa,e lax to u.a to `au sny uala,. f i,J ,_ urth"r. I I. That it the premuscs. ar an) ,part thereof, IV under the p,3wCr 4 eminent domain- of acquired for a public usr. the damages awarded, the - r;,ceeus for the tai ing ,I. ,,r if.c comidcratil n f. =r >uch ::cuuisition, to She eNtent of the full amount. of indehtrdnes upon thl< rmortgage and the note which it is given to secure remaining unpaid - ire hereby assigned by the Mortgagor to the Mortgagee. and shall he paid forthwith to raid Mortgagee to he applied by the latter on account of the next maturing installments of such indebtedness. I', The Mortgagor further ajzreer that should this mortgage and the note secured herety nor he eligible for in- surance under the National Housing Act within 60 days from the date htreof [written statement of any officer of the IkPartment of Housing and i,+rturn tlrvelopmeni 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 inetigibiliml. the Mortgagee or holder of the note may. at its option, declare all -Hums securred hereby' immediate,4 due and payable. e*r See Below 13. 'That if the Mortgagor fails to make any payments of money when the same become due, or fair to conform to and comply with any of the conditions or agreements contained in this mortgage. ox the note which it secures. then the entire princi- pal sum and accrued interest shall at once become due and payable. it the election of the Mortgagee: and this mortgage may thereupon be foreclosed immediaiciv for the whole of said money. tiered. monthly payments, costs, ground rent;. taxes and the cost of extending the abstract of title from the date of this loan u, the time of commencing such foreclosure suit, and it rea sonabie attorney's fee, alt of which shall be included in the decree of foreaosurt : and the contact embtxiied in this mortgage and the rate secured hereby. shall in all respects he governed, comtrued and .nitudged by the IaN%% of Nebraska. where the same is made. The covenants herein contained shall hind, and the benefits and advantages shall insure to. the respective heirs. executors. administrators, successors and assigns of the parties hereto. Whenever used. the singulat 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 be void and said premises released at the c•- .pensc 4 the Mortgagor. otherwise to he and remain in full force and etTect. IN WITNESS WHERE- OF. the Mortgagorist hat ve hereunto set their h.mdust the day and vearfirst above written. In presence of This Option may not be exercised by the mortgagee AkftltK l SFAI. I g gee when the ineligiQilty for ON / V insurance under the National Housing Act.: �., i ,yly! i is due to the mortgagee's failure to VALALIK ; S1-,Al_ ! remit the mortgage insurance premium to the Department of Housing and Urban iSI:AI 1 Development. 1 SEAL 1 ISEALI STATE OF NEBRASKA. T ss t'Ot NTY OF HALL t On this 16 thdac of may a Notary Public ' % 1) . 19 86• before me. in and for said County. personal)[ came DONALD LEON VALALIK and DONNA KAY VAI-ALIK, HUSBAND AND WIFE . personaih to me known to be the identical persons w hose names have txen affu xed to the abov r and fore going instrument as Mortgagor, and they have acknowledged the said instrument and the execution thereof to be their soluntars a;:t:ind dyed. for the purposes (herein expressed. In testimony whereof. I have hereunto set my hand and affixed by official seal at GRAND ISLAND tin the day and date last above written K,71 (tart Rihh STATE OF NEBRASKA I Filed for record this day of A D. 19 at o'clock x1 . and entered to Nurttericd Index. and recorded in Book of Mortgages, on Page of Register of I)eeds I