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Is r8�6-- 165160 10. That the Mortgagor will keep the buildings upon said premises in good repair. and neither commit nor permit waste upon said land, nor suffer the said premises to he used for any unlawful pt:rpose. 11. That if the premises, or any part thereof, he condemned under the power of eminent domain, to acquired for a public use. the damages awarded. the proceeds for the taking of. or the consideration for such acquisition: to the extent of the full ` amount of indetrtednes upon this iK?rtgage and the note which it is, given 'to secure remaining unpaid, are hereby assigned by the' Mortgagor to the Mortgagee, and shall be paid forthwith to said Mortgagee to he 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 ilia he eligible fin m- surance under the National housing Act within 60 days from the date hereof (written statement of any officer of the Department of Housing and Urban Development or authonzed agent of the Secretary of Housing and tlxten Development dated subsequent to the 60 days time from the date of this mortgage. declining to insure said note and this mortgage. being deemed conclusive proof of such inelifiit Ty ): the Mortgagee or holder of the note may: at its option. declare all sums recurred hereby immediately die and payable. **See below 13. Titan 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 rime which it secures. then the entire pdnci- pal sum and accrued interest shall at once become due and payable. at the eiectiw. of the Mongagee: and this mortfage may - xhereapou be foreclosed immediately for the whole of said money. interest. monthly payments. casts: ground renis_ taxes the cost of extending the eh5mcl of Title from the date of this loan to the time of commencing such foreclosure sort. and a rea- snnableattorney's fee, all of which shall be included in the degree of foreclosure: and the contract embodied in this mortgage end the note secured hereby, shall in an respects be governed, construed and add by the laws of Nebraska; amere tpe . saute is made: The covenants letetn contained shall hind, and the benefits and adxatttagcs shall it"- re to, the respective hens; exnntoM administrators. successors and assigns of the parties hereto. Whewver used. the singular number shallinclude the {Mural. the phtral the singidar, and the use of any gender shag be applicable to all genders. The foregoing conditions. all and singular. being performed according to their natural and legal impre t, tins convey" e shall be void and said promises released at the expense of the Mongrgor. otherwise to be and remain in full force and effect_ IN WITNESS WHEREOF, the Mortgagorisl ha ve beracurao se their haamd(s, the day and year f above written: In presence af: ** Thi s option may not be exercised any the mortgagee when the ineligi— antes i :4t. 3 hility for insurance under the Na- ISE:AI. t tional busing Act is due to the mortgagee's failure to remit the � � t SLAB: mortgage insurance premium to the Precious A. r7 . - Department of Housing and urban _ I: ALl - - - Development. t SEAi STATE OF NEBRASKA. 95: � +C'f:rf. NT4tW Hall on tlas loth day of Sept -mber A. D. 19 86, before m e_ a WMARY PUBLIC in and for said County, personally came - Jasnes S. Reed and Precious A. Reed, Husband and wife, personally to we known to be the identical person whose name s nave he:en affixed to the above and fore- gomgiiostrument asMottgagoi.and have acknowledged the said instrument and the . . execuraon thetr_•'to he their voluntary act and deed_ for the purposes therein expressed: tit testimony wtereaf. ,i have hereunto set my hand and affixed by notarial seal at Grand Island, N£ z t on the day and date last above written, , � � � ?4atary Pulrfic STATE (IFNELIRASKA ss 400 cos yyF Nt(692143M (9 -791