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ill. That the Mortgagor %till keep ( p3l�tfE £dc�t8F3Fc>rc:1'1tY�C�i�> t�>� rtz upon .aid land, nor sutfcr the said pren: +sus [n be use or any as aw u purpose. If. That if the premises, of any part thereof. Ix conderteted under the power if eminent dcamain. or acquired for a public use, the damages awarded, the pfnceeds fax' the taking of, or the consideration for +uch acquisition, to the extent of the full amount of ittdebtednes upon this ettottgatx and Cote note which It is given to secure relnmmng unpaid. are hereby assigned by the Mortgagor to the Mortgagee. and shall he paid fotlhwith to said Mortgagee In he applied by the latter on account of the next maturing installments of such indebtednesK. 11, The Mortgagor further agrees that should this mortgage and the note secured herehy not be eligible for in- surance tinder the National Housing Act within 60 days from tlx date hereof twrnten statement of any officer of the Department of Housing and Urban Development of authorized agent of the tiecretan of Housing and Urban lkCvclopment dated subsequent to the 60 days time from the date of this mortgage. dectinmg to insure said awe and this mortgage, being deemed conclusive vrfx +f of cosh eneltgihilirif. the olortgtgee or holder of the note may. at its option. declare all sums securred herehy immediately due and pay able t.* See gel ow 13. That if the Mortgogor fails to make any paymtnts of money when the >ame become due. or fails to conform to and comply with any of the conditions of agreements contained in this mortgage the note which it secures. then the entire pnnei- pat sum and accrued interest shall at ante become due and payable. at the election of the 4lortgagee. and this mortgage may thereupon he forredosed immedirtrly for the whole of sand money. interest rionthk payment+ costs. ground rents. taxes and the cost of extending the abstract of title from the date of dus lean to the lame of commrncng such foreclosure soot. and a rea- sanable attorneys fee all of which shall be included in the decree Of f.•iecik'slife allot the crntrast emMsdied in this mortgage and the note secured herehy. shall ,n all respects he governed, construed and ad7udgeJ by the law, of Nebraska, wfiere the same is made. The covenants herein Contained shall bind, and the benefits and ads:antages shalt insure tit, the respective heirs. executors. adminiseratnrs. successors stud assigns of the parties hereto W'hencvcr used. the - ingular number shall include the plural. the plural the singular. and the use of an, gender shall be aperfor !e to .d! genders The foregoing conditions, .,it and singular. heing perfarmed aciotdmY to their narian and legal Import. this effect. shall be void and said premises tetea•cd at theexpense of the Morteagor: otherwi >r t„ hr and remain un lull force and rBect. IN W'li'\VSS WHF.RFOF. the %Iortga;vortsl has hcreumo set hi s handto the d:a} and year first above written In pie sence of ** This Option may not be exercised by the mortgagee when the ineligibiity for insurance under the National Housing Act is due to the mortgagee's failure to remit the mortgage insurance premiW to the Department of Housing and Urban Development. iTATt- OF NI IiR AI%K A ss cot N•t Y ov HALL On thus 30 to Se's of June a Notary Public WWARD 0. ULR I CH, A SINGLE PE RSC+N to be the identical person whose name going instrument as McutRagot . and execution thereof to he hs s EDWARD D. ULRICH \ 1) N e6 t`clore me n and 1.1[ salad t 111115th , also nail: same SLAT i CFAs. . personally tome known affixed to the above and fore - has been Mnuw icdgrd ti +e cant instrument and the uh,ntai act ,,nd d {eel. for the partposcs therein expressed. In testimony whereof . 1 have hrrcunlr set ,ni hanJ and adi xed t" official eat al GRAND ISLAND oft the dal and date last abase *title tt i STATf. OF NE.d1RASK A Filed for record this at to clock recorded in Wook- Psge of dam of A Lit Solart Public AD.N \f and entered in Numerical index. and of Mortgages. on Register of fkeds