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7w 86-- 104368 W. Thai the Mortgagor will kc „, the huitdings upon aid premises in good rrpaar. , neither commit nor permit waste upon aid land. nor suffer the said premise, to he used for anv unlawful purpose - 1 L That if the premises. Or am part thereof, he condec:ned uruter the power of eminent domain, or acquired for a public use. the damages awarded. the prenxeds for the taking of, eu the consideration for uch acquisition, to the extent of the full amount of indebtednes upon this mortgage and the note which it is given to secure remaining unpaid, are hereby assigned by the Mortgagor to the Mortgagee.:ntd shall be paid forthwith to said Mortgagee to be applied by the latter on account of the next maturing installments of such indebtedness. 12. 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 sixty days from the date hereof (written statement of any officer of the Department of Housing and Urban Development or authorized agent of the Secretary of Housing and Urban Development dated subsequent to the sixty days time from the date of this mortgage, declining to insure said note and this mortgage. being 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. 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 be foreclosed immediately for the whole of said money, interest. monthly payments. costs. ground rents, taxes and the cost of extending the abstract of title from the date of this loan to the time of commencing such foreclosure suit. and it rea- sonable attorney's fee, all of which shall be included in the decree of :foreclosure: and the contract embodied in this mortgage and the note secured hereby. 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 be and remain in full force and effect - INWI T NESSWHEREOF.theMortgagorisihaVe hereunto set above written. their handlsj the day and year first In presence of: * *This option may not be exercised by the mortgagee when the ineligibility " �'� SEAL for insurance under the National Housing Curtis G. Sherrill �i��5 Act is due to the mortgagee's failure to ISEAL.J remit the mortgage insurance premium to the Department of Housing and Urban Development. KayCe, Dr: Sherrill A ISEAL- [ SEAL j I SEAL. STATE OF NEBRASKA, ss: COUNTY OF Hal l On this 2nd day of August A.D. 1986 , before me, a notary public in and for said County. personally came Curtis G. Sherrill and KayCee D. Sherrill, Husband and Wife to the identical persons whose names going Mortgagor. personally to me known g instrument as ortgagor, and they have are affixed to the above and fore- acknowledged the said instrument and the execution thereof to be their voluntary act and deed. for the purposes therein expressed. ? In testimony whereof, 1 have hereunto set my hand and affixed by not ar i al seal at Grand Is 1 and, NE on the day and n. MM40 of Ytttb M B E* IN Zk M l `'otary Rtblic STATE OF NEBRASKA ss Filed for record this day of A. U 14 re o'clock M., and entered in Numerical Index, and recorded in Book of M es, on ortga Page of g Register of Deeds J :F'O !Of -JCT