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86- 104687
<br />the property otherwise after default, the Mortgagee shall apply, at the time of file commencement of silt it
<br />proceedings• or at the time the property is otherwise acquired, the amount then remaining to credit of
<br />Mortgagor under (a) of paragraph 2 preceding, as a reedit on the interest accrued and unpaid and the
<br />balance to the principal then remaining unpaid on said note.
<br />n. The lien of this instrument shall remain in full force and effect during any postponement or exten-
<br />sion of the time of payment of the indebtedness or any part thereof secured hereby.
<br />u. Pie will pay all ground rents. taxes, assessments, water rates, and other governmental or municipal
<br />charges, fines, or impositions, levied upon said premises and that he will pay all saxes levied upon this
<br />Mortgage, or the debt secured thereby, together with any other taxes or assessments which may be levied
<br />under the laws of Nebraska against the Mortgagee., or the legal holder of said principal nrite, on account of
<br />this indebtedness, except when payment for all such items has theretofore been made under (a) of para-
<br />graph 2 hereof, and he will promptly deliver the official receipts therefor to the Mortgagee. In default
<br />thereof the Mortgagee may pay the same,
<br />6. If he fails to pay any sum or keep any covenant provided for in this Mortgage, the Mortgagee, at
<br />its option, may pay or perform the same, and all expenditures so made shall he added to the principal sum
<br />owing on the above note, shall be secured hereby, and shall bear interest at the rate provided for in the
<br />principal indebtedness until paid.
<br />7. Upon request of the Mortgagee, Mortgagor shall execute and deliver a supplemental note or notes
<br />for the sum or sums advancers by Mortgagee for the alteration, modernization or improvement made at the,
<br />Mortgagor's request; or for maintenance of said premises, or for taxes or assessments against the same,
<br />and for any other purpose elsewhere authorized hereunder. Said note or notes shall be secured hereby
<br />on a parity with and as fully as if the advance evidenced thereby were included in the note first describes'
<br />above. Said supplemental note or notes shall bear interest at the rate provided for in the principal indebt-
<br />edness and shall be payable in approximately equal MOP. trayment5 for such period as may be agreed
<br />upon by the Mortgagee and Mortgagor. Failing to agree on the maturity, the whole of the sum or sums
<br />so advanced shall be due and payable thirty (:10) days after demand by the Mortgagee. In no event shall
<br />the maturity extend beyond the ultimate maturity of the Hate hi t described shave,
<br />€l. He hereby assigns, transfers and sets over to the Mortgagee, to be applied toward the payment of
<br />the note and all sums secured hereby in case of a default in the performance „f oily of the terms ar d con -
<br />ditions of this Mortgage or the said note, all the rents. re venues and income t.n IA* deriverrl, from the mort-
<br />gaged Premises during such time as the nxortgat e indebtedness shall rerntdn unpaid. and the Mortgage',
<br />shall have poker to appoint any agent or agents it may desire for the purpose of renting the .s$!ri=_ and
<br />collecting the rents. revenues and income, and it may pay out of said incomes all necessary commissions
<br />and expenses incur-red in renting unit managing the same and of cce)le- tittg rentaltr therefrrm; the balance
<br />remaining, if any, ui be apPliPd toward the discharge of said mortgage indebtedness:
<br />9. He will cunt inue,usly maintain hazard insuraneo. of such type fir types and arnountsas the Mort-
<br />gager ntay from time t.i time reo,puire, on tli e improvements now or hereafter on said premises. and except
<br />w-he� payment for all such Premiums has there,VJor« been made under tap of paragraph bereeof, will pay -
<br />prorr - w lien due any p7remsumv therefor, Upon derfault tht rvof, Mortgagee* may pray the same, All
<br />insurance shall be: carried in ccompano- approved by the Mortgagee, and the policies and renewals thereof
<br />shall be held key the Mortgagee and hayer attachri thereto loss payable clauses in favor of and in form
<br />acceptable to the Mortgair— In event of loss 1114ortgagor will give immediate notice by mail to the Mort-
<br />gayee, "he may make prof of kiss if not. made promptly by % ortgagor, and each insurax =ct- company
<br />concerned is hereby authorized and directed to make payment for such loss directly to the Mortgagee
<br />instead of to the Mortgagor and the Mortlta etintly, and the insurance proceed , n any part thereof,
<br />may be applied by the Mortgagee at it.s r,ptiron iMlit'r to the reduction of the indebtedness.heretiy secux•ed
<br />or to the restoration, or repair of the property darriaged. In event of foreclosure of this mortgage, or other
<br />transfer of title It, the ni wtgxw d linilwrty its e.xt np,uishmertt of the indebtedness - ecured hereby. all
<br />right, title and inte'rr�x ,,r , tR'ak - •n "n`d x : any in €vrant`e Iu,livies they, in force shall paw to the
<br />purchaser or grantee_
<br />1t). As additional and eollaterad se »curity° for the payment of the note described. a.nd all sums to become
<br />due under this mortgage, the Mortgagor hereby assigns to the Mortgagee all lease bonuses, profits, reye-
<br />paps, royalties. righl_< and ether benefits accruing to the Mortgagor under any anti all coil and gas leases
<br />now, or during the life of this mortgage, exeeuteed eon said premises, with the right to receive and receipt
<br />for the same and apply them to said inde btrdness as well %fc,re as after default in the conditions of this
<br />mortgage, and the Mortgagee, may demand, sue for and res e -veer any such payments when clue and payable,
<br />but shall not 'lie required so to it,, 711B axes =1iment -is ir; tQrmirate* and become null and void upon release.:
<br />of this mortgage-
<br />11, He shall not commit or permit caste, and shah maintain the property° is as good condition as at
<br />present. reasonable wear and tear exrepte;s. Vtion any failure to see maintain. Mortgagee., at its Option, .
<br />may causes reason =able maintenance w <;rk to le performed at the cost of Mortgagor. Any amounts paid _
<br />therefor by Mortgagee shall bear interee t at the rate prcvideid for in the principal ind
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