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<br />86-- 105745
<br />10. That the Mortgagor will keep the buildings upon said premises in good repay w,u` neither commit nor permit waste
<br />upon said land, nor suffer the said premises to be used for any unlawful purpose.
<br />11. That if the premises, or any part thereof, be condemned under the power of eminent domain, or acquired for a public
<br />use, the damages awarded, the proceeds for the taking of, or the consideration for such acquisition, to the extent of the full
<br />amount of indebtednes upon this mortgage and the note which it is given to secure remaining unpaid, are hereby assigned by the
<br />Mortgagor to the Mortgagee, and shall be paid forthwith to said Mortgagee to be applied by the latter on account of the next
<br />maturing installments of such indebtedness.
<br />12 The Mortgagor further agrees that should this mortgage and the note secured hereby not be eligible for in-
<br />surauea under the National Housing Act within 60 days from the date hereof (written statement of any officer
<br />of the Department of :Housing and Urban Development or authorized agent of the Secretary of Housing and Urban
<br />Development dated subsequent to the 60 days time from the date of this mortgage, declining to insure said
<br />note and this mortgage, being deemed conclusive proof of such ineligibility), the Mortgagee or holder of the note
<br />may, at opt ion, declare all sums securred hereby immediately due and payable. ** see Below
<br />13. That if the Mortgagor fails to make any payments of money when the same become due, or fails to conform to and
<br />comply with any of the conditions or agreements contained in this mortgage, or the note which it secures, then the entire princi-
<br />pal sum and accrued interest shall at once become due and payable. at the election of the Mortgagee: and this mortgage may
<br />thereupon be foreclosed immediately for the whole of said money, interest, monthly payments, costs, ground rents, taxes and
<br />the cost of extending the abstract of title from the date of this loan to the time of commencing such foreclosure suit, and a rea-
<br />sonable attorney's fee, all of which shall be included in the decree of :foreclosure: and the contract embodied in this mortgage
<br />and the rate secured hereby, shall in all respects be governed, construed and adjudged by the !aws of Nebraska, where the
<br />same is made.
<br />The covenants herein contained shall bind, and the benefits and advantages shall insure to, the respective heirs, executors.
<br />administrators, successors and assigns of the parties hereto. Whenever used, the singular number shall include the plural. the
<br />plural the singular, and the use of any gender shall be applicable to all genders.
<br />The foregoing conditions, all and singular, being performed according to their natural and legal import, this conveyance
<br />shall be void and said premises released at the expense of the Mortgagor-, otherwise to be and remain in full force and effect.
<br />IN WITNESS WHEREOF, the Mortgagor(s) have
<br />above written.
<br />In presence of:
<br />** This Option may not be exercised by the
<br />mortgagee when the ineligibilty for
<br />insurance under the National Housing Act
<br />is due to the mortgagee's failure to
<br />remit the mortgage insurance premium
<br />to the Department of Housing and urban
<br />Development.
<br />STATE OF NEBRASKA.
<br />ss:
<br />COUNTY OF HALL
<br />hereunto set their hand(slthe day and year first
<br />1 SEAL I
<br />AON�
<br />, __:_ t- 1 SEAL. I
<br />STEPHANIE A. IAMZ
<br />(SEAL)
<br />I SEAL I
<br />I SEAL I
<br />On this 8 th day of October . A -D. 19 86 , before me.
<br />a NOTARY PUBLIC in and for said County. personally came
<br />RONALD A. HOW and STEPHANIE A. HONZ, HUSBAND AND WIFE
<br />personally to me known
<br />to be the identical persons whose name a affixed to the above and fore-
<br />going instrument as Mortgagor, and have been acknowledged the said instrument and the
<br />execution thereof to be theiry have voluntary act and dged. for the purposes therein expressed.
<br />In testimony whereof, I have hereunto set my hand and affixed by off ip' 11 seal at GRAND ISLAND
<br />on the day and date last above written. (f/ f
<br />� �ifl! d rllttilst
<br />4a IL.1 BM Notary Public
<br />STATE OF NEBRASKA ss
<br />Filed for record this day of
<br />at o'clock
<br />recorded in Book
<br />Page of
<br />A. D. 19
<br />M., and entered in Numerical Index, and
<br />of Mortgages. on
<br />Register of Leeds
<br />Huu 9:113M 19 791
<br />s.
<br />R
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