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A146-- 143299
<br />10. Thal the Mortgagor will kt., ' kfe@taridtiekjbdkilfdlic
<br />upon said land. nor suffer the said premises to be used for any unlawful purpose.
<br />11. That if the premises, or any part thereof, he condemned under the power of eminent domain. or acquired for a public
<br />use, the damages awarded, the proceeds for the taking of, or the consideration for such acquisition. to the extent of the full
<br />amount of indebtednes upon this mortgage and the note which it is given to secure remaining unpaid, are hereby assigned by the
<br />Mortgagor to the Mortgagee, and shall he paid forthwith to said Mortgagee to be applied by the latter on account of the next
<br />maturing installments of such indebtedness.
<br />12. The Mortgagor further agrees that should this mortgage and the note secured hereby not be eligible for in-
<br />surance under the National Housing Act within 6o days from the date hereof (written statement of any officer
<br />of the Department- of Housing and Urban Development or authorized agent of the Secretary of Housing and Urban
<br />Development dated.subsequent to the 60 days time from the date of this mortgage, declining to insure said
<br />note and this mortgage, being deemed conclusive proof of such ineligibility), the Mortgagee or holder of the note
<br />may, at its option. declare all sums recurred hereby immediately due and payable. *,t See Below
<br />13. That if the Mortgagor fails to make any payments of money when the same become due, or fails to conform to and
<br />comply with any of the conditions or agreements contained in this mortgage, or the note which it secure-, then the entire princi-
<br />pal sum and accrued interest shall at once become due and payable. at the election of the Mortgagee. and this mortgage may
<br />thereupon be foreclosed immediately for the whole of said money, interest, monthly payments, costs, ground rents, taxes and
<br />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-
<br />sonable attorney's fee. all of which shall be included in the decree of .foreclosure. and the contract embodied in this mortgage
<br />and the note secured hereby, shall in all respects be governed, construed and adjudged by the laws of Nebraska, where the
<br />same is made.
<br />The covenants herein contained shall bind, and the benefits and advantages shall insure to, the respective heirs, executors,
<br />administrators, successors and assigns of the parties hereto. Whenever used, the singular number shall include the plural, the
<br />plural the singular, and the use of any gender shall be applicable to all genders.
<br />The foregoing conditions, all and singular, being performed according to their natural and legal import, this conveyance
<br />shall be void and said premises released at the expense of the Mortgagor: otherwise to he and remain in full force and effect.
<br />IN WITNESS WHEREOF. the Mortgagor(s) have
<br />above written.
<br />In presence of:
<br />** This Option may not be exercised by the
<br />mortgagee when the ineligibilty for
<br />insurance under the National Housing Act
<br />is due to the mortgagee's failure to
<br />remit the mortgage insurance premium
<br />to the Department of Housing and Urban
<br />Development.
<br />STATE OF NEBRASKA.
<br />ss:
<br />COUNTY OF HALL
<br />On this t9 thday of June
<br />a Notary Public
<br />hereunto set thei r hand(s) the day and year first
<br />SEAL]
<br />SCOTT (G. r R1 QN
<br />lL(�l C r CtL '^r . /YI- ' fi [ SEAL ]
<br />CATHLEEN A. RICHARDSON
<br />,A. D_ 19 86, before me.
<br />in and for said County, personally came
<br />f SEAL I
<br />ISEALI
<br />{SEAL]
<br />SCOTT G. RICHARDSON, , and CATHLEEN A. RICHARDSON, HUSBAND AND WIFE ,personally to me known
<br />to be the identical person whose name h affixed to the above and fore-
<br />going instrument as Mortgagor, and s they have been We the said instrument and the
<br />execution thereof to be their voluntary act and dged. for the purposes therein expressed.
<br />In testimony whereof, 1 have hereunto set my hand and affixed by official seal at GRAND ISLAND
<br />on the day and date last above written.
<br />A
<br />�� IL otary Public r
<br />..artra a
<br />STATEOFNEBRASKA ss
<br />Filed for record this day of
<br />at o'clock
<br />recorded in Book
<br />Page of
<br />A.D. 19
<br />M., and entered in Numerical Index, and
<br />of Mortgages, on
<br />Register of Deeds
<br />GPO go,- *, MA) 921,4,w 19 -79)
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