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105074
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<br />made shall be added to the principal sum owing an the above
<br />note, shalt he sectored hereby, and shall bear interest at the rate
<br />10. That the Mortgagor will keep the buildings upon said
<br />promises in good repair. and neither commit nor permit wasee
<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 />to the Mortgagee, to be applied toward the payment of the note
<br />:i- That if the premises, or any part thereof, be condennrted
<br />and all sums secured hereby in case of a default in the perfor-
<br />under the power of eminent domain, or acquired for a public
<br />damages award, the proceeds for the taking of, or the
<br />mans of any of the terms and conditions of this mortgage or the
<br />use, the
<br />for such acquisition, to the extent of the full
<br />said Hate, all he rents, revenues and income to be derived from
<br />in-
<br />consideration
<br />of indebtedness upon this mortgage and the Wort which it
<br />premises during such time as the mortgage
<br />the mortgaged pr
<br />dzbtedroeu shall remain unpaid. and the Mortgagee shalt have
<br />a
<br />amount
<br />is given to settee remoaining unpaid. are hereby assigned by the
<br />Mortgagor to the Mortgagee, and sisal( be paid forthwith to said
<br />power appoint any agent or agents it may desire for the pur-
<br />pose of repairing said premises and of renting the same and col-
<br />Mortgagee to be applied by the latter on account of the nut
<br />lecting the rents, revenues and income, and it may pay out of
<br />maturing installments of such indebtedness-
<br />said incomes all expenses of repairing said premises and necessary
<br />and expenses incurred in renting and managing the
<br />12. The Mortgagor further agrees that should this mortgage
<br />cornmissiotts
<br />same and of collecting rentals therefrom; the balance remaining,
<br />and the note secured hereby not be eligible for insurance under
<br />days
<br />if any, to be applied toward the discharge of said mortgage
<br />the National housing Act within
<br />"
<br />indebtedness.
<br />from the date hereof (written statement of any officer of the
<br />Department of Housing and Urban Devt3apment or authorized
<br />8. That the Mortgagor will keep the improvements stow- etc-
<br />agent of the Secretary of Housing and Urban Development dated
<br />isting or hereafter erected on the mortgaged property. insured as
<br />be from time to time by the Mortgagee aganat loss
<br />subsequent to the days time from the date
<br />may required
<br />by fire and other hazards, casualties and contingencies in such
<br />of this mortgage, declining to insure said note and this mortgage;
<br />deemed conclusive proof of such irutigibiBty), the Mor-
<br />as and for such periods as may be required u s Mort-
<br />and wig pay promptly, when due, any ptetnrutns on such
<br />t aanget Or holder of the note may, at its optlon, declare all welts
<br />$ogee
<br />gagee
<br />insurance provision for payment of which has not been track
<br />secured hereby immediately due and payat}k.
<br />bereinbefore_ All instlranoc shall be carried in mmpames ap-
<br />by the Mortgagee and the policies and retuwads thereof
<br />13_ That if the Mortgagor fails, to make any payments of
<br />proved
<br />shall be held by the Mortgagee and have theme t lost
<br />none, when the same become disc, or Earls to rottform to and
<br />comply with any of the conditions or agreements contained in
<br />acceptable
<br />payable datosa in favor of and in form acrteptabk to the Moe-
<br />(n of lass Mortgagor will give immediate ttOrwr by
<br />this mortgage. or the note whlClt n sCCttreS, then ilx Cln1rG pro-
<br />tgagee. event
<br />matt e. the Mortgagee, who may make proof of Iasi if act trade
<br />sum and accrued interest shall at once become dux and
<br />at the election of thtt Mortgagor and this mortgage may
<br />promptly by Mortgagor, and eacb insurance compar+y concerned
<br />is hereby authorized and directed to make payment far such toss
<br />payable=
<br />thereupon be foreclosed immediately for the wik of said
<br />d,rectly to the Mortgagee instead of to the Mortgagor and the
<br />money, interest, monthly payments, costs. ground rents. taxes
<br />and the cost of extending the abstract of We from the date of
<br />Mortgagee jointly, and the iousurarrce proceeds, or any part
<br />thereof. may be applied by the Mortgagee at its opriein either to
<br />this loan to the tine of commencing such foreclosure sun. ant( a
<br />reasonable attorney's fee, an of winch shall be included in the -
<br />- the reduction of the indebtedness hereby secured or to the
<br />or repair of the property' damaged- In event of
<br />decree of foreclosure; and the taxuract embodied in this
<br />tcstoratiom
<br />foreclosure of this mo!rigW or other transfer of title ro the mor-
<br />and the note salt=ed hereby. shall m alt resyects be goo
<br />cortsti ned and adNdetd by the laws of Nebraska. wbeft the same
<br />tgaged property in extingnishment of the indebtedness scented
<br />is made."
<br />iureby, all right. tide and interest of the Mortgagor in and to
<br />Any insurance policies therm in force shall pass to the A Or
<br />The covenants herein contained shall bind. and the benefits
<br />gramn e.
<br />Bad advantages shall, inure to, the respective beh% exeutors, ad-
<br />9. That as additional and coffacral security for the payment
<br />mlorstramon, suomssera. and assigns of the pinks hero-
<br />Wbonever nosed, the singular number shad( ire the phrral, the
<br />of the rime described, and mil stenos to butte due under this
<br />phinif tie simplar, and the use of any gender sha_ ll include a
<br />mortgage. the Mortgagor hereby assns to the MortgsgM all
<br />ponders.
<br />profits, revenues, royalties, tights and—benefits accruft to the
<br />Mort�r under any and all oil and gas teases on said p miscs.
<br />The foregoing cotdiiiong, all and singular» being perfformed ac-
<br />with the right to receive and tectipt for the ume and apply theca
<br />before after dcfauk in the condi-
<br />to Heir natural and legall mmPOtt, this ctaaveyance stall
<br />be void and said premises released at the expense of the Alort-
<br />to said indebtedness as web as
<br />um of this mongagc, and the Mengtpe may demand, six for
<br />p8m; otherwise to be and remain m €left force and efieet.
<br />and recover any each payments when dux and payable. butt shall
<br />not be required as to do. Tins � is der gate 3mi
<br />_ s_
<br />�e Hilt and void lipinn rCliiae tl�T3nS mdrWW...
<br />L wltaeae NYtlgaf the ?vfvctgagcNys) ha ve htrewno yes
<br />t a , handts) the ti aid year,frst Above wrtStn_
<br />Pape 3 of b
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