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86-- MOWS
<br />10. That the Mortgagor will keep the buildings upon said premises in good repair, and neither commit nor permit waste .
<br />upon said land, nor suffer the said premises lobe used for any unlawful purpose.
<br />I I. That if the premises, or any pan 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:*( the;riext
<br />snuffing installments of such indebtedness.
<br />12. The Mortgagx further agrees that should this mortgage and the note secured hereby not be eligible for in
<br />smnuwe udder the National Housinng Act within 60 days from the date hereof (written statement of any officer
<br />o the Department of Housing and urban Development or authorized agent of the'Secretary of Housing and Urban
<br />Devnsbpmettt dMed wbsegtunt W the 60 days time from rho date of this mortgage, declining to insure said
<br />tame 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 secttrted hereby immediately due and payable. *r See Below ,
<br />13. That i! the Minor 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 />Palipa!'sum sod accrued interest dial! at onox become due and payable, at the election of the Mortgagee: and this mortgage may
<br />be foreclosed immediately for the whole of said money, interest, monthly payments, cults, ground rents,` taxes' and
<br />t6e'cost d extenWit� able abstract of Gde 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 note starred hereby, shall in all respects be governed, construed and adjudged by the laws 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 he and remain in full force and effect.
<br />IN WITNESS WHEREOF, the Nortgagor(s) have hereunto set their hand(s) the day and year first
<br />above written.
<br />In presence of:
<br />ii► This Option may not be exercised by the / :!/
<br />mortgagee when the ineligibilty for [ SEALJ
<br />insurance under the National Housing Act - V�,
<br />is due to the mortgagee's failure to � LOFGREEN [ SEAL 1
<br />remit the mortgage insurance premium .
<br />to the Department of Housing and Urban ( SEAL [
<br />Development.
<br />(SEALJ
<br />I SEAL I
<br />STATE OF NEBRASKA, !1
<br />SS:
<br />COUNTY OF tiU.1 Jt
<br />On this 14 thday of Nore-her . A.D. 19 86. before me,
<br />a NOTARY PUBLIC in and for said County, personally came
<br />DAVID V. LOFCREEN and LANA L. LOFGREEN, HUSBAND AND WIFE
<br />to be the identical persons whose name , personally to me known
<br />s have been affixed to the above and fore -
<br />going instrument as Mortgagor, and they have acknowledged the said instrument and the
<br />execution thereof to he their voluntary act and deed, for the purposes therein expressed.
<br />In testimony whereof, I have hereunto set my hand and affixed by official seal at GRAND ISLAND
<br />on the day and date last above written.
<br />L�-t3� .dam
<br />•�lil
<br />Nora& Public
<br />STATE OF NEBRASKA ss
<br />c Filed for record this
<br />at o'clock
<br />n
<br />recorded in Book
<br />Page's of
<br />day of A.D. 19
<br />M., and entered in Numerical Index, and
<br />of Mortgages, on
<br />Register of Deeds
<br />1V
<br />u.a •�s -soy HUO- 92143M 0 791
<br />
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