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86 IU34N7
<br />10. That the Mortgagor will keep the buildings upon said premises in good repair. and neither commit nor permit waste
<br />upon said lard. not suffer the said premises to be used for any unlawful purpose.
<br />I1. 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 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 be 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 ' 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 of 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 inehgtbthty). the Mortgagee or holder of the note
<br />may. at its option. declare all sums securred hereby immediately due and payable. *SEE MOTE 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 secures, then the entire pnnct-
<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 tmmediately 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 to all respects be governed, construed and ad)udged 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 he 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 %lortgagorisi ha Ve hereunto set t he r hand(s) the day and year first
<br />above written.
<br />In presence of
<br />es•, r .I y.;� -, i
<br />I FAI
<br />—Charlene A. Firod SEAL)
<br />( SEAI. 1
<br />I SEAL I
<br />( SFAi_ I
<br />P' )II Ito
<br />STATE OFNEHRASKA.
<br />.s
<br />COUNTYOf Hall
<br />On,his 30th day of one I D ly nt'.hefor, !ne
<br />a Notary Public Ir and f,lr •ani pers•Inai:v c.un.c
<br />Charles E. Elrod and t;hariFnc A. Elr(,:u, husband +and wi fe,
<br />personally tome me know n
<br />to be the identical person s whose name `' 1 re affixed to the above and fore
<br />going instrument as Mortgagor. and the r have kno,s )edged the said instrument and the
<br />execution thereof to be their L'untsr, a,t and (iced. for the purpose, thereat expressed
<br />In testtmonv whereof. 1 have he r,; ir;r .ct my hand and affixtd by t11 f 3 l a l Neal at
<br />on the das and date la,i dhow written
<br />S OLtN" �orari Ant-11,
<br />fMr that Ear} WY V. Il/g
<br />STATE OF NEBRASK a s<
<br />Filed for record this ua, of A D. tv
<br />at o'clock M and entered in Numen,al Index. .,no
<br />recorded in Book of Mortgagrs. hn
<br />Page of
<br />Register If Decd,
<br />*1Z. NOTE: This op ,on may nut t,. , ('x. ^r,..,,,d Wilen •t•
<br />L ineligibility for insurance under the Nationai I 5 t t ;.u• t1i,
<br />failure to rt >mit the mortgage it) suronc,, prr -tnium r . r: :r t ±,,:: 1 1'1,i :.
<br />Development. ry
<br />�5i:
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