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86-- 103750 tut. Ihat the Mortgagor wvf i ,the hulldings upon s_od premises m goad reran, ,neither commit nor permit A a,te upon ;aid land, nor suffer the said p,. •,uses to he used r aoi unl:auful purpose. I1. Thal if the premise s. or any part thereof, Iv° :ondccined under the power of cr ainent domain. or acquired for a public use. the damages awarded- the proceeds for the taking of, or the consideration for uch acquisition, to the extent of the full ,mount of indebtednes upon this mortgage and the note which it is given fit secure remaining unpaid, are hereby- assigned by the Mortgagor to the Mortgagee. and shall he paid forthwith to said Mortgagee to he applied by the latter on account of the next maturing installments of such indebtedness. 1? The Mortgagor further agrees that should this mortgage and the note secured hereby not he eligible for in- surance under the National Housing Act within 60 days frorn the date hereof (written statement of am• ufhcer of the Department of Housing and urban Dvelopment or authorized agent of the Secretary of Housing and Urban Development dated subsequent to the 60 days time from the date of this mortgage, declining to insure said note and this mortgage, being deemed conclusive proof of .uch ineligibility). the Mortgagee or holder of the note may, at its option. declare all sums recurred herchy immediately due and payable. s* See Below 13. That if the Mortgagor fails to make any payments of money when the same become due, or fails to conform to and comply with any of the conditions or agreements contained in this mortgage, or the note which it secures, then the entire princi- pal sum and accrued interest shall at once become due and payable. at the election of the Mortgagee: and this mortgage may thereupon he foreclosed immediately for the whole of said money. interest, monthly rayments, costs, ground rents, taxes and the cost of extending the ahsiract of title from the date of this loam to the time of commencing such foreclosure suit. and a rea- sonable attorney's fee. all of which shall he included in the decree of foreclosure: and the contract embodied in this mortgage and the note secured herchy, shall in all respects he governed. construed and adjudged by the laws of Nebraska, where the same is made. The covenants herein contained shall bind. and the benefits and advantages shall insure to, the respective heirs, executors, administrators, successors and assigns of the parties hereto. Whenever used. the singular number shall include the plural, the plural the singular. and the use of any gender shall he applicable to all genders. The foregoing conditions. all and singular, being performed according to their natural and legal import, this conveyance shall he void and said premises released at the expense of the Mortgagor: otherwise to he and remain in full force and effect. IN WITNESS WHEREOF, the Mortgagor(s) ha ve hereunto set thei r handts) the day and %ear first above written. In presence of r ** This Option may not be exercised by the 'tl'1 (St:ALI mortgagee when the ineligibilty for PAUL r WALKOWIA insurance under the National Housing Act � k �iLlll�l�'a�i —� iii % is due to the mortgagee's failure to CINDY h. WALKOWIAK ISEr11.1 remit Vie mortgage insurance premium to the Department of Housing and Urban 1 SEAT. I Development. 1SEAL) I SEAL i STATE OF NEBRASKA, COU NTY OF HALL 1 ss On this 9 thda% Of Jul y A D. 14 66 before me. + Notary Public in and for said County. perumally came PAUL A. WALKOWIAK and CINDY K. WALKOWIAK, HUSBAND AND WIFE personally to me known to in the irument person rI s whose name s have been affixed to the ahove and fore- going instrument as Mortgagor. and they have ickrims)edged the said instrument and the execution thereof to he their � oluntary acl and deed. for the purposes therein expressed. In testrmany whereof. I have hereunto sel my hand and affixed by on the day and dale last above written. DOLOM AL S`I.gTE OF NFNKASKA ftam&Xl�� Filed for record this day of at o'clock recorded in Book Page of officialsealat GRAND ISLAND i \nr:rr% F4rf�fic M , and entered in Numerical Index, and Of Mortgages, on Regrater Of Deeds c u —, ' : 3 M ! ' 3 Sfi� l