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86- 103373
<br />10. That the Mortgagor will keep the buildings upon said premises in good repair. and neither commit nor permit waste
<br />Upon laid lead, not suffer the said premises to be used for any unlawful purpose.
<br />I I. That if the premises, or any part thereof, be condemned under the power of eminent domain, or acquired for a public,
<br />use, the damages awarder. On proceeds for the inking of. or the consideration for such acquisition, W the extant of the fug
<br />amount of indeMadass rpbs dds mortgage and the awe whick it is given to secure remaining unpaid, are hereby assigned by the
<br />Martgagor to the Mor4Wg, and sheep be paid forthwith to said Mortgagee to be applied by the latter on account.of the #text
<br />m4turing iastaYaeias of sucit indebtedness.
<br />12. 'Elie Mortgagor further agrees' that should this mortgage and the note secured hereby not be eligible for in-
<br />sursece under the National Housing Act within ' 30 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"*( Housing and 'Urban
<br />Development dated subsequent to the Stated 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 L or holler of the note
<br />may, at its option, declare all sums securred hereby immediately due and payable. *SEE NOTE, BELOW
<br />13. That if the Mortgagor faits 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 secures, 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 ban 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 be and remain in full force and effect.
<br />IN WITNESS WHEREOF, the Mortgagorts1 ha ve hereunto set their hand(s) the day and year first
<br />above written.
<br />In presence of:
<br />[SEAL [
<br />Burred J.
<br />C_
<br />c`� - .� t : �.... [ SEAL
<br />Lisa A. Albee
<br />f SEAL I
<br />[SEAL[
<br />f SEAL I
<br />GF v
<br />STATE OF NEBRASKA,
<br />SS:
<br />COUNTY OF Hall
<br />On this 17th day of June A. D. 19 86 , before me.
<br />a Notary Public in and for .aid County, personally came
<br />Burrell J. Albee and Lisa A. Albee, husband and wife,
<br />to be the identical person s whose name s are , personally to me known
<br />affixed to the above and fore-
<br />going instrument as Mortgagor. and they have acknowledged the said instrument and the
<br />execution thereof to be their voluntary act and deed. for the purposes therein expressed.
<br />In testimony whereof, I have hereunto set my hand and affixed by Official seal at
<br />on the day and date last above written. = " "'s�,
<br />MOM wtanr —aua r
<br />8. D. war Notary Public
<br />MyElsuat D#.11s)!?l, llNt
<br />STATE OF NEBRASKA 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 />*12. NOTE: This option may not be exercised by the mortgagee when the
<br />ineligibility for insurance under the National Housing Act is due to the mortgagee's
<br />failure to remit the mortgage insurance premium to the Department of Housing and Urban
<br />Development.
<br />HUD %I 43M 19 -791 !..
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