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86- " 103023
<br />the property otherwise after default, the Mortgagee shall apply, at the time of the commencement of such
<br />proceedings, or at the time the property is otherwise acquired, the amount then remaining to credit of
<br />Mortgagor under (a) of paragraph 2 preceding, as a credit on the interest accrued and unpaid and the
<br />balance to the principal then remaining unpaid on said note.
<br />4. The lien of this instrument shall remain in full force and effect during any postponement or cxten-
<br />sionof the time of payment of the indebtedness or any part thereof secured hereby.
<br />5. He will pay all ground rents, taxes, assessments, water rates, and other governmental or municipal
<br />charges, fines, or impositions, levied upon said premises and that he will pay all taxes levied upon this
<br />mortgage, or the debt secured thereby, together with any other taxes or assessments which may he levied
<br />under the laws of Nebraska against the Mortgagee, or the legal holder of said principal note, on account of
<br />this indebtedness, except when payment for all such items has theretofore been made under (a) of para-
<br />graph 2'hereof, and he will promptly deliver the official receipts therefor to the Mortgagee. In default
<br />thereof the Mortgagee may pay the same.
<br />6. If he fails to pay any sum or keep any covenant provided for in this Mortgage, the Mortgagee, at
<br />its option, may pay or perform the same, and all expenditures so made shall be added to the principal sum
<br />owing on the above note, shall be secured hereby, and shall bear interest at the rate provided for in the
<br />principal indebtedness until paid.
<br />7. Upon request of the Mortgagee, Mortgagor shall execute and deliver a supplemental note or notes
<br />for the sum or sums advanced by Mortgagee for the alteration, modernization or improvement made at the
<br />Mortgagor's request; or for maintenance of said premises, or for taxes or assessments against the same,
<br />and for any other purpose elsewhere authorized hereunder. Said note or notes shall be secured hereby
<br />on a parity with and as fully as if the advance evidenced thereby were included in the note first described
<br />above. Said supplemental note or notes shall bear interest at the rate provided for in the principal indebt-
<br />edness and shall be payable in approximately equal monthly payments for such period as may be agreed
<br />upon by the Mortgagee and Mortgagor. Failing to agree on the maturity, the whole of the sum or sums
<br />so advanced shall be due and payable thirty (30) days after demand by the Mortgagee. In no event shall
<br />the maturity extend beyond the ultimate maturity of the note first described above.
<br />8. He hereby assigns, transfers and sets over to the Mortgagee, to be applied toward the payment of
<br />the note and all sums secured hereby in case of a default in the performance of any of the terms and con-
<br />ditions of this Mortgage or the said note, all the rents, revenues and income to be derived from the mort-
<br />gaged premises during such time as the mortgage indebtedness shall remain unpaid; and the 'Mortgagee
<br />shall have power to appoint any agent or agents it may desire for the purpose of renting the same and
<br />collecting the rents, revenues and income, and it may pay out of said incomes all necessary commissions
<br />and expenses incurred in renting and managing the same and of collecting rentals therefrom; the balance
<br />i
<br />remaining, if any, to be applied toward the discharge of said mortgage indebtedness.
<br />9. He will continuously maintain hazard insurance, of such type or types and amounts as the Mort-
<br />gagee may front time to.time require, on the improvements now or hereafter on said premises, and except
<br />when payment for allssuch premiums has theretofore been made under (a) of paragraph 2 hereof, will pay
<br />promptly when due anys:premiums therefor. = Upon default thereof, Mortgagee may pay the same. All
<br />insurance shall be carried in companies-arproved by the Mortgagee and the policies and renewals thereof
<br />shall be held by the Mortgagee and have attached thereto loss payable clauses in favor of and in form
<br />acceptable to the Mortgagee. In event of loss Mortgagor will give immediate notice by mail to the Mort-
<br />Mortgagor, insurance
<br />gagee, who may make proof of loss if not made promptly by and each company'
<br />directly to the Mortgagee
<br />concerned is hereby authorized and directed to make payment for such loss
<br />instead of to the Mortgagor and the Mortgagee jointly, and the insurance proceeds, or any part thereof,
<br />be applied by the Mortgagee at its option either to the reduction of the indebtedness hereby secured
<br />may
<br />or to the restoration or repair of the property damaged. In event of foreclosure of this mortgage, or other
<br />transfer of title to the mortgaged property in extinguishment of the indebtedness secured hereby, all
<br />right, title and interest of the 'Mortgagor in and to any insurance policies then in force shall pass to the
<br />purchaser or grantee.
<br />10. As additional and collateral security for the payment of the note described, and all sums to become
<br />due under this mortgage, the Mortgagor hereby assigns to the Mortgagee all lease bonuses, profits, reve-
<br />nues, royalties, rights and other benefits accruing to the Mortgagor under any and all oil and gas leases
<br />now, or during the life of this mortgage, executed on said premises, with the right to receive and receipt
<br />for the same and apply them to said indebtedness as well before as after default in the conditions of this
<br />mortgage, and the Mortgagee may demand, site for and recover any such payments %% hen due and payable,
<br />but shall not he required so to do. This assignment is to terminate and become null and void upon release
<br />of this mortgage.
<br />11. He shall not commit or permit waste: and shall maintain the property in as good condition as at
<br />present, reasonable wear and tear excepted. Upon any failure to so maintain, Mortgagee, at its option,
<br />may cause reasonable maintenance work to be performed at the cost of Mortgagor. Any amounts paid
<br />therefor by Mortgagee shall bear interest at the rate provided for in the principal indebtedness, shall
<br />thereupon become a part of the indebtedness secured by this instrument, ratably and on a parity with all
<br />other indebtedness secured hereby, and shall be payable thirty (30) days after demand.
<br />12. lie will not execute or file of record any instrument which imposes a restriction upon the sale or
<br />occupancy of the property described herein on the basis of rare, color or creed.
<br />13. if the premises, or any part thereof, be condemned under the power of eminent domain, or acquired
<br />for a public use, the damages awarded, the proceeds for the taking of, or the consideration for such
<br />acquisition, to the extent of the full amount of the remaining unpaid indebtedness secured by this mort-
<br />are hereby assigned to the Mortgagee, and shall be paid forthwith to said Mortgagee, to be applied
<br />gage,
<br />on account of the last maturing installments of such indebtedness.
<br />14. If the Mortgagor fails to make any payments when due, or to confonn to and comply with any
<br />of the conditions or agreements contained in this mortgage, or the notes which it secures, or if the Mort-
<br />gagor be. adjudicated bankrupt or made defendant in a bankruptcy or receivership proceeding, then the
<br />entire principal sum and accrued interest shall at once become due and payable, at the election of the Mort-
<br />and this mortgage may thereupon be foreclosed immediately for tho %%hole of the indebtA�dnrss
<br />gag";
<br />j" hereby secured, including the cost of extending the abstract of title from the date of this mortgage to the
<br />time of commencing such suit, a reasonable attorney's fee, and any sums paid be the Veterans Administra-
<br />of the or insurance of the indebtedness secured hereby, all of whirh shall 1W
<br />tion on account giparanty
<br />included in the decree of f'orecloaure.
<br />I,'). Title .0 United States C'arde, and the Regulations issued thereunder shall govern the rights, duties
<br />and liabilities of the parties heret,0, and any provisions of this or other instruments executed ur connc� Lion
<br />with sAid indebtwinem which are inc, -u-tent with said Title or Regulations are iwr,•by amended and
<br />ut,plarrtrnt4 d to conform thereto
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