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86- 103796 {fa. Thai the Martgav A iil c tiro o n,ii;n" =.tp: c id .n zo. <<f ran , =r. yracither :omtn :± nor pernos "acre upon saad Land. itor -offer the ,:aid r ^uses to he r,ised for ..and +sn a�i !; purpose. ! t- 'that if the premt cs. or ar�� pars_ thereof. be aua a r.ed under the power of eminent dormon. or acquired for a public ase. the damage, awarded. the r•r seeds for the taking Af <1! the ,:onsideraiion for such aicquisition, to the extent of the full amount of indebiednes aupon thi- nwrigage and the rote which i! is given to secure remaining unpaid. are hereby assigned by the Mortxagor to the Mortgagee, and shall he paid forrhwt h ,o said Mortgagee to he applied i,v the latter on account of the next maturing installments of suJi indebiednes <. 12. the Mortgagor further agrees that should this mortgaee and the note secured hereby not be eligible for in- surance under the Nstion:al Housing Act within 60 days front the date hereof I%vritten statement of any officer of the Department of Housing and Urban 1Tevehapnteni or authorized agent of the Secretary of Housing and urban Mtelopment dated subsequent to the 60 days time from the date of this mortgage, declining to insure said note and this mortgage, heing deemed conclusive proof of such ineligibility). the Mortgagee or holder of the note may. at its option, declare all sums recurred hereby immediately due and payable. ** See below 13. 1'hat 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 vole 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 tmrnedialel} for the whole of ,aid money. inierea. monthly payments, costs, ground rents. taxes and the cost of extending the abstrat of title from the date of this loan to the tune of commencing such foreclosure suit. and a rea- sonahte 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 hereh%. ,hall in all respects be governed. conarued and adjudged by the laws of Nebraska. where the same is made. 'rhe covenants herein contained ;hail hind, and the benefits and advantages shall insure to. the respective heirs. executors. administrators. successor :end ;:,sign, of the parties hereto. Whenever used. the singular number shall include the plural. the plural the singular. and the use of any gender :hail be applicable to all genders. 'rhe foregoing condition,, all and singular. being performed according to their natural and legal import, this conveyance shall he void and said premrse, released at the expense of the Mortgagor: otherwise to he and remain in full force and effect. IN W11NESS WHEREOF. the Mortgagor(,) ha ve hereunto set thei r hand(s) the day and year first above written. In presence of- ** This Option may not be exercised by the mortgagee when the ineligibilty for insurance under the National Housing Act is due to the mortgagee's failure to remit the mortgage insurance premium to the Department of Housing and Urban Development. JONES i` —t ( SEAL I 1 SEAL 1 i SEA] 1 1 SF:AI. 1 SfATF: OP NFBRASK A. ('f)UNI'Y OF HALL 1' On thts 10 that of Jul y AAA I4 Bbbefoue rte. Notary Public In and for said ('aunty, peronail. Caine MARK J. JONES and SHERMA C. JONES, HUSBAND AND WIFE peronaliy to me known to be the identical person swhose name s have been atfited to the above and fore- going imtrumenl as Mortgagor. and they have it kno +x!edged the said instrument and the execution thereof to be their � oluntar .1sI and deed, for the purposes therein expressed. In testtntont whereof. I have hereunto ,et my hand and athxed hti on the dal and date last above %trttten ttlNfMlt1/TAR►-Srrt . dkH ;tianLirt f'ublrc DOLDRES M. E I I;!-t :R w O MI Eli May 4. i5 &t! v official.eaiai GRAND ISLAND S1'A7'E OF NEHRASK \ Filed for record this day of at o'clock recorded in Hook Page of L AA) ly 1r. and rntercd in Numerical Index. and of %forlgage'. on Rcei,tcr of Deeds f �r t