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Q.. fW09214,4V (9 791
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<br />86. 104286
<br />10, That Mortgagor will k,, _,,,the buildings upon said premises In good repaii. Jneither commit nor permit waste
<br />upon said land. nor suffer the said premiscs to be used fur any unlawful purpo*,C.
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<br />11. That if the premises, or any pan thereof. be condemned under the power of eminent &,main, 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 iniltbitedno. 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 fonhwith to said Mortgagee to he applied by the latter on account of the next
<br />maturing installments of such indebtedness.
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<br />12., The Mortgagor, further agrees that should this mortgage and the note secured hereby not he eligible for in-
<br />surance under the National Housing Act within "60 days from thedatchereof I 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 60 days 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 or holder of the note .
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<br />may', at its option, declare all sums recurred hereby immediately due and payable. **'See Below
<br />13. That if the Mongagor 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 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 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 in all respects he 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 he and remain in full force and effect.
<br />IN WITNESS WHEREOF, theMorigagor(s) ha ve hereunto set thei r hand(s) the day and year first
<br />7
<br />above written.
<br />In presence of:
<br />This Option may not be exercised by the SEAL
<br />mortgagee when the ineligibility for
<br />insurance under the National Housing Act
<br />is duo to the mortgagee's failure to ,� — [SEAL
<br />remit the mortgage insurance premium
<br />to the Department of Housing and Urban SEAL
<br />Development.
<br />SEAL
<br />SEAL
<br />STATE OF NEBRASKA.
<br />COUNTY OF HALL
<br />On this 31 109y of July A.D_ 19 86bef ore me,
<br />NOTARY in for
<br />a PUBLIC and said County, personally came
<br />CARL L. MAYHEW and SUSAN A. MAYHEW, HUSBAND AND WIFE
<br />personally to me known
<br />to be the identical person 3 whose name haw- been 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 dled. for the purposes therein expressed.
<br />In testimony whereof, I have hereunto set my hand and affixed by off icia> ealat GRAND ISLAND
<br />on the day and date last above written.
<br />It Wwd-t�
<br />1J Notary Public
<br />STATE OF NEBRASKA ss
<br />Filed for record this day of A.D.19
<br />at o'clock M.. and entered in Numerical Index, and
<br />recorded in Book of Mortgages. on
<br />Page of
<br />Register of Ikeda
<br />Q.. fW09214,4V (9 791
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