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86, 104878
<br />made shall be added to the principal sum owing on the above
<br />10. That the Mortgagor will keep the buildings upon said
<br />note, shall he secured hereby, and shall bear interest at the rate
<br />premises in good repair, and neither commit nor permit waste
<br />set forth in the said note, until paid
<br />upon said land, nor suffer the said premises to be used for any
<br />unlawful purpose.
<br />7. That the Mortgagor hereby assigns, transfers and sets over
<br />w the Mortgagee, to be applied toward the payment of the note
<br />11. That if the premises, or any part thereof, be condemned
<br />and all sums secured hmbv in cast of a default in the perfor-
<br />under the power of eminent domain. at acquired for a public
<br />manse of any of the terms and conditions of this mortgage or the
<br />use, the damages awarded, the proceeds for the taking of, or the
<br />said note, all the rents, revenues and income to be derived from
<br />consideration for such acquisition, to the extent of the full
<br />the mortgaged premises during such time as the mortgage in-
<br />amount of indebtedness upon this mortgage and the note which it
<br />debtainess shall remain unpaid, and the Mortgagee shall have
<br />is given to secure remaining unpaid, are hereby assigned by the
<br />power to appoint any agent or agents it may desire for the pur-
<br />Mortgagor to the Mortgagee, and shall he I paid forthwith to said
<br />pose of repairing said premises and of renting the same and col
<br />Mortgagee to be applied by the latter on ac, -count of the nut
<br />letting the rents, revenues and income, and it may pay out of
<br />maturing installments of such mdebtedness,
<br />said incomes all expenses of repairing said premises and necessary
<br />commissions said expenses incurred in renting and managing the
<br />12 The Mortgagor further agrees that should this mortgage
<br />same and of collecting rentals therefrom; the balarge remaining,
<br />and the note secured hereby not be elizible for insurance under
<br />if any, to be applied toward the discharge of said mortgage
<br />the National Housing Act within
<br />indebtedness.
<br />from the date hereof (written statement of anv officer of the
<br />That the Mortgagor will keep the improvements now ex-
<br />Department of Housing and (!than Development or authorized
<br />isting or hereafter erected on the mortgaged property, insured as
<br />agent of the Secretary of Housing and Urban Development dated
<br />may be required from time to time his the Mortgagee as loss
<br />artist
<br />subsequent to the days' time from the date
<br />by fire and other hazards. casualties and contingencies in such
<br />of this mortgage, declining to insurc said note and this mortgage,
<br />amounts and for such periods as may be required by the Mort-
<br />being deemed conclusive proof of such ineligibRity). the Mor-
<br />gagee and will pay promptly, when due, any premiums on such
<br />rgagee or holder of the note may, at its option, declare all sums
<br />insurance, provision for payment of which has not bear made
<br />secured hereby immediately due and payable.
<br />t. hereiribefore. All insurance shall be carried in companies ap-
<br />proved by the Mortgagee and the policies and renewals thereof
<br />11 That if the Mortgagor fails to make any payments of
<br />shall be held by The Mortgagee and have attached therein loss
<br />money when the same become due, or fails to conform to and
<br />payable clauses in favor of and in form acceptable to the Mor-
<br />comply with any of the conditions Or agreements contained in
<br />tgasee- In event of low Mortgagor will give immediate notice by
<br />this mortgage, or the note which it secures. then the entire grin-
<br />mail to the Mortgagee, who may make proof of low if not made
<br />cipid sum and accrued interest shall at once become due and
<br />promptly by Mortgagor, and each insurance company. concerned
<br />payable, at the election of the Mortgagee; and this mortgage may
<br />is li-eb, authu:i_--d and di-"M to trialic paysuens for such IOU
<br />thereupon be foreclosed immediately for the whole of said
<br />directly to the Mortgagee instead of to the Mortgagor and the
<br />nivnvy, iv -_-Zhj PZy__ t=, rtnTc,
<br />Mortgagee jointly. and The insurance proceeds, or Any part
<br />and the cost of extending the abstract of tide from the date of
<br />thereof, may be applied by the Mortgagee at its option either to
<br />this loan to the time of commencing such foreclosure suit, and a
<br />the reduction of the indebtedness hereby secured or ro the
<br />reasonable attorney's fee. All of which shall be included in the
<br />restoration, or ' repair of the property dismissed. In event of
<br />dectre of foreclosure; And the contrac-, embodied in this mortgage
<br />foreclosure of this mortgage or other transfer of title to The ines,
<br />and the me secured hereby. shall in all respects begoverned,
<br />[gaged property in extingubbinait of the indebtedness secured
<br />construed and adjudged by the laws of Nebraska, where, the same
<br />hereby, ail right, title arid interest Of the -Mcrtgagor in and to
<br />is made,
<br />any insurance Policies then in force shall pass to the purchases or
<br />The covenants herein contained shall bind, and the benefits
<br />grantee,
<br />and advantages shall inure to, the respective heirs. . executor.., ad-
<br />9. That as additional and collateral saLuxtry for the payment
<br />ministrators, successors, and assigns of the pardet berair
<br />Wheaeva used. the singular number shall include the plural, the
<br />of the time desaibed, and all sums to become under this
<br />Pluard the migWax, and the use of any gender shall include all
<br />murtsaw. the Mortgagor hereby assigns to the Mongager all
<br />genders
<br />profits. revenues, royakies, rights and beneft accrutag to the
<br />Nforlsasor under any and all of and W kasts onsaul premises
<br />The foregoing conditions. all and singular, basis performed ac-
<br />with the right to receive and receipt for the same MW apply tjcs�
<br />—ding, to that natural and legal import, this, curtsrpance shall
<br />to Said Webuxifteis as well before as after default in the coned-
<br />be void and said premises released at the expense of the Mon-
<br />tions of thil,mang:W. and the Mortgages may demand. sair for
<br />gagor, otherwise to be and remain in full force and effect,
<br />fCWVW payments S payma& whan due and payable, but shall
<br />not he tvquired so to do. This asisignment is to terminate and
<br />become null and void upon retease of this hiOrt9w,
<br />la Witness Wbereof the Mortgagor(s) ha -Ze hereunto se;
<br />In premose of.
<br />A hand(f) the day, and year First above written.
<br />Qrl
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