Laserfiche WebLink
F <br />Mortgagor agrees to pay all real estate taxes and special <br />-assessments Levied and assessed upon the real estate and to pay <br />all other taxes, levies and asses tmer�ts levied us>on this Mortgage <br />and the Promissory Note which this Mortgage is given to secure <br />before payment is delinquent. if Mortgagor fails to pay the heal <br />estate taxes or special assessments before delinquent, Mortoav'ees <br />may pay the real estate takes and special assessments, or pay any <br />either liens Mortgagor permits to be made against the real estate, <br />and 7Nlortgagees are given a lien secured by this Mortgage for the <br />amounts advanced by them together with interest at the highest <br />leg =21 rate. <br />Mortgagor agrees to insure and keep insured the improvements <br />can the real estate for protection against fire and other <br />casualties in the sum of at least the unpaid balance of principal <br />of the Promissory *Dote and to carry the insurance with a <br />responsible insurance company duly licensed to do 'business in <br />Nebraska. The insurance policy is to be endorsed with a mortgage <br />clause with loss payable to Mortgagor and Mortgagees, as their <br />interests appear. Insurance proceeds received may be used to nay <br />for reconstruction of the destroyed improvements or, if not <br />applied for this purpose, may, at the option of the Mortgagees, <br />be applied in payment of all or part of the unpaid <br />indebtedness secured by this Mortgage. if Mortgagor fails to <br />carry the insurance required by this paragraph, Mortgagees may <br />purchase the insurance and are !given a lien secured by this <br />L <br />