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861- 105324
<br />In witness whereof the Mortgagor(s) haVe hereunto set their d( Md year first above uTmer.
<br />Ises"
<br />In presence of- I_
<br />(Scull
<br />Iseall
<br />Page 3 of 4
<br />a
<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 be secured hereby, and shall bear interest at the rate
<br />premises in good repair, and neither commit not permit waste
<br />set forth in the said note, untii paid.
<br />upon said land, nor suffer the said premises to be used for any
<br />unlawful purpose,
<br />7. That the Mortgagor hereby assignsi� transfers and sets over
<br />to the Mortgagee, to be applied toward the payment of the note
<br />It. That if the premises, or any part thereof, be condemned
<br />and all sums secured hereby in case of a default in the perfor-
<br />under the power of eminent domain, o.- acquired for a public
<br />mance of any of the terms and conditions of this mortgage or the
<br />use, the damages awarded, the proceeds for the talking 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 time which it
<br />debtedness 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 be 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 account of the next
<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 />commissions and expenses incurred it. renting and managing the
<br />12. The Mortgagor further agrees that should this mortgage
<br />same and of collecting rentals therefrom; the balance remaining,
<br />and the note secured hereby not be eligible for insurance under
<br />if any, to be applied toward the discharge of said mortgage
<br />the National Housing Act within days
<br />indebtedness.
<br />from the date hereof (written statement of any off-wer of th-
<br />8- That the Mortgagor will keep the improvements now ex-
<br />Department of Housing and Urban Development or authorized
<br />isting or hereafter erected = the mortgaged property, invited as
<br />agent of the Secretary of Housing and Urban Development dated
<br />may be required from time to time by the Mortgagee against loss
<br />subsequent to the da� drae from the date
<br />by fire and other hazards, casualties and contingencies in such
<br />Of this run rtgage. declining to insure said note and this mortgagr-
<br />amounts and for such periods as may be required ky the Mon-
<br />being demed conclusive proof of such ineligibility), the Mor.
<br />gagee and will pay promptly, when due, any premiums on satch
<br />igagee or holder of the note may, at its option. declare all sum
<br />insurance provision for payment of which has not been made
<br />secured hereby immediately due and payable.
<br />hereiribefore. All insurance shall be carried in companies. ap-
<br />proved by the Mortgagee and the policies and renewals thereof
<br />13. That if the Mortgagor fails to make any payments of
<br />shall be held by the Mortgagee and have attached thereto 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 allmmenu contained in
<br />igagee. In event of loss Mortgagor will give immediate notice by
<br />this mortgage, or the note which it secures, then the entire prin-
<br />mail to the Mortgagee, who may make proof of loss if not made
<br />and accrued in— shall 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 hereby authorized and directed to make payment for such Im
<br />thereupon be foreclosed immediately for the whole of said
<br />directly to the Mortgagee instead of to the Mortgagor and the
<br />money. interest. monthly payments. costs. ground ream taxes
<br />Mortgagee jointly, and the insurance proceeds. or any pan
<br />and rhe cost of extending The abstract of title from the date of
<br />thereof, may be applied by the Mortgagee at its option either to
<br />'his loan to the time of commencing such foreclosure suit, and a
<br />the reduction of the indebtedness hereby secured or to the
<br />reasonable attorney's fee, all of which shall be included in the
<br />restoration or repair of the property damaged, In event of
<br />decree of foreclosure; and the contract embodied in this mortgage
<br />foreclosure of this mortgage or other transfer of take to the mor-
<br />and the note secured hereby, shall in all respects be govcrncd�
<br />tgaged property in extinguishment of the indebtedness secured
<br />construed and adjudged by the laws of Nebrasiat. wba the same
<br />hcreby, all riot, title and interest of the Mortgagor in and to
<br />is made.
<br />any insurance policies then in force shall Pau to the purch� or
<br />I The oDv—nt herein contamed shall bmd- and the benefits
<br />gmtee-
<br />and advantages shall inure to. the respective beirs. vxcutors, ad-
<br />ministrators, successors, and !of the panes berftc,�
<br />9. That as additional and collawal security for the payment
<br />Whenever used. the singular number shall mchnic the plural. the
<br />of the note described, and all soms to become due under this
<br />plural the singular, and the use of any gender shall indude all
<br />mongar, the Mortgagor herebY Mai to the MOMPSec AD
<br />genders-
<br />profits, revenues, royalties, rights and bendits accruing to the
<br />Mortgagor under any and all oil and gas leases on said premises.
<br />roe foregoing conditions. all and singular, being performed ac-
<br />with the right to receive and recapt for the and aWy them
<br />cording to their natural and legal unport, this conveyance sh"
<br />to said indebteduess as well before as after defauh in the cDndi-
<br />be void and said premises released at the expense of the Mort-
<br />tions of this mortgage, and the Mortgagee may dmand, sue for,
<br />gagor. otherwise to be and remain in full force and effect-
<br />and recover any such payments when due and Davablee but shall
<br />not be required so to do. This assignment is to ;QQt; and
<br />become null and void upon release of this mortgage.
<br />In witness whereof the Mortgagor(s) haVe hereunto set their d( Md year first above uTmer.
<br />Ises"
<br />In presence of- I_
<br />(Scull
<br />Iseall
<br />Page 3 of 4
<br />a
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