Laserfiche WebLink
86- 105992 <br />10. That the Mortgagor will keep the buildings upon said premises in good repair, —d! neither commit nor permit waste <br />upon said land, nor suffer the said premises to he used for any unlawful purpose. <br />11. That if the premises, or any part thereof, he 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 />V. The Mortgagor further agrees that should this mortgage and the note secured hereby not he eligible for in- <br />surance under the National Housing Act within from the date hereof {written staten•ent 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 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 its option, declare all sums securred hereby immediately due and payable. <br />13. That if the Mortgagor fail- 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 he included in the decree of :foreclosure: and the contract embodied in this mortgage <br />and the tote secured hereby. shall in all respects he governed. construed and adjudged by the laws of Nebraska, where the <br />same is made. <br />The covenants herein contained shall hind, and the henefits and advantage~ shall insure to, the respective heirs. executors, <br />administrators. successor% and assigns of the panics hereto Whenever used, the singular number shall include the plural, the <br />plural the singular. and the use of any gender shall he applicable to all gender <br />The foregoing conditions. all and singular. being performed according to their natural and legal import, this conveyance <br />shalt he void and ;aid premises released at the expense of the Mortgagor, other%rte to he and remain in full force and effect. <br />IN WITNESS WHEREOF. the %lortgagortxl ha ve hereunto set their handtsl the day and year first <br />above written. <br />In presence of <br />I SEAI. I <br />e� <br />I SF AI_ I <br />AN M. TELL <br />( SEA[ I <br />I CFA%. I <br />1 SF At I <br />STATE OF NEBRASKA. lj <br />(( :x <br />COUNTY OF11a11 1 <br />On this 17th da% of October . 4.D Iv 86, before me. Beverly J. Brewer <br />a Notary Public m and for sated County . personally came Kenneth H. Tell and <br />Jan M. Tell, Husband and Wife <br />personally to me known <br />lobe the identical persons w hose names are affixed to the aoove and fore- <br />going instrument as Mortgagor. and have acknowledged the said instrument and the <br />execution thereof to he their ,oluntar,, ac] and dged. for the purposes therein expressed. <br />In testimom whereof. 1 have hereunto set m% hand and affixed t-% notarvl ,cal at Grand Island <br />on the day and date lasttelx+ "tten. <br />e_ .. / k BEVERLY ?. B , E 'Votary Public <br />STATE OF NEBRASKA ss <br />Filed for record this day of <br />at o'clock <br />recorded in Rook <br />Page of <br />4.D. 19 <br />M and entered in Numerical Index. and <br />-4 Mortgages. on <br />v5 Colt ._Lf 1,-1.1'!",'.1.1 . — ._ .v. . <br />Register of Deeds <br />.. ,x,416: , 1 <br />I <br />