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I *-- 104838
<br />III That the Mortgagor will keep the building, upon ,aid premises m good repair. ;wit neither commit nor permit waste
<br />upon -aid land, tau sutlet the iota premises to be used for any unlawful put tu„e.
<br />IL That if the premises. or any part thereof. he condemned under the power of eminent domain. 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 iodebtedites arson 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 forthwith to said Mortgagee to be applied by the latter on account of the text
<br />maturing installments of such indebtedness.
<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 6o days from the date hereof (written statement of any officer
<br />{ of the flepartment of Housing and (irhan f)evelopttlent or authorized agent of the Secretary of Housing and Vrhan
<br />f>evelopment dated subsequent to the 60 days rime 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
<br />rear, at its option, declare all sums securred hereby immediately due and payable. *+ See ®eI o"
<br />13. That if the Mortgagor fails to make any payments of money when the same become due. or fails to conform to and
<br />comply with any of the c+tnditiotts 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 ,aid money. interest; monthly payments, costs, ground rents, taxes and
<br />the cost of extendingthe abstract of title from the date of this loan to the time of commencing suchforecktsure suit, and -a rea-
<br />sttaat:ie attorney's fee. all of which shall be included in the decree of fareck>sure: 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 ,hall 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 phtra1, the
<br />plural the singular, and the use of any gender shall be applicable to alt genders.
<br />The foregoing, conditions, all and singular, being performed according to their natural and legal .import- this conveyance
<br />shall he void and said premises released at the a xpensc erf the Mortgagor, agor, otherwise to be and remain in foil farce and effect. -
<br />IN Wi`TNFSS WHFREOF, the Mhrtgaganti) have hereunto set their hand(s) the day and ; ye fires
<br />above written.
<br />In presence of
<br />f t
<br />** This Option may not be ertatrcised by the ' car'` I.SI Al. j
<br />durtgagee orison the ineligibility for t , H.
<br />Tnsuranoa iaider the Notiseat Housing Act ( _ j SisAl »J
<br />is due to the stortgogeats failure to KRUSE
<br />twit that Port~ insurance premium I SEAL. j
<br />to tM Department of liousiog and Wbor,
<br />I>atq>MStnt.- `
<br />° I SEAL l
<br />i $ AT_ l
<br />STATE Of NEBRASKA,
<br />s
<br />(X)UN Y OF "ALL
<br />On 73 th y cr( gust; A.#). 19 86 , before Me,
<br />a J67ART ptBi #G in and tor +°id!"a,untv.perwrtallycame
<br />DENIMS N. !KRW I and LINDA K, KRUSE, hMOARD AM WIFE
<br />perwnally to me known
<br />to be the identical person whose name affixed to the above and fore -
<br />ytoittg instrument as Mortgsaiga t, and x nosy have beer acknowledged the :.aid instrument and the
<br />execution thereof to be their i.rlumzo+ act and died: for the purposes therein expressed.
<br />In testimony whereof, t have hereunto set my hand and affixed by official seal at UtAND ISLAND
<br />on the day and date last above written:
<br />'Votary Pubs
<br />_ MfMLN4YI— tlgyatieeedn - - "
<br />S ?AiFf)FNFiiRAShC,A _ �1�E�� #IJ1M
<br />Filed for record this dsy of
<br />at o'clock M.. and entered in Numerical Index, and
<br />rectnded in Book of Mortgages, on
<br />PW of
<br />Register of ikeds
<br />11 0; "I'I,t Sat its 9 .7ri 30 t4 tq,
<br />
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