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86-- 108681 10. That the Mortgagor will keep the buildings upon said premises`in good repair, and neither commit nor permit waste upon said hud. nor suffer the said premises to be used for any unlawful purpose. a, 11. That if the premises. or any part thereof, he condemned`under the power of eminent domain. or acquired for a public use. the damages,awarded, the proceeds for the taking of, or the consideration for such acquisition, to the extent of the full amount of indebtednes upon this mortgage and the note which it is given to secure remaining unpaid, are hereby assigned by the Mortgneor to the Mortgagee, and,shall be paid forthwith to said Mortgagee to be applied by the latter on account of the next maturing itimeats of such indebtedness. 12. The Mortgagor further agrees that should this mortgage and the note secured hereby not be eligible for in- sutaaoeweda'the Nafioaal Hotnaug Act within . 60 days from the date hereof (written statement of any officer of fhe Dep tmeat of'Housimg and Urban Development or authorized agent of the Secretary of Housing and Urban Development dated subsequent to the 60 days time from the date of this mortgage. declining to insure said note' ani this 'mortgage. being deemed conclusive proof of such ineligibility), the Mortgagee or holder of the note may, it' opton, declate all sums securred hereby immediately due and payable. ** Sae Below 13. That if the °Mortgagor fads to make any payments of money when the same become due, or fails to conform to and comply with any of the conditions or agreements contained in this mortgage, or the note which it secures, then the entire princi- pal stmt amd accroed interest shall at once become due and payable, at the election of the Mortgagee. and this mortgage may therewpim be foreclosed immediately for the whole of said m-my, interest, monthly payments, costs, ground rents, taxes and the cost of extending the abstract of tide from the date of this loan to the time of commencing such foreclosure suit, and area - sonable attorney's fee, all of which shall be included in the decree of foreclosure. and the contract embodied in this mortgage and!tbe "rote secured hereby, shall in all respects be governed, construed and adjudged by the laws of Nebraska, where the same is made. 31te covenants herein contained shall bind, and the benefits and advantages shall insure to, the respective heirs, executors, administrators. successors and assigns of the parties hereto. Whenever used, the singular number shall include the plural, the plural the singular, and the use of any gender shalt be applicable to all genders. The foregoing co"tims, all and singular. being performed according to their natural and legal import, this conveyance shall be void and said premises r ►_leased at the expense of the Mortgagor; otherwise to be and remain in full force and effect. IN WITNESS WHEREOF, the Mortgagors) here hereunto set thei r hand(s) the day and year first above written. In presence of: +* This Option may not be exercised by the Het (SEAL ) mortgagee when the inaligibilty for . insurance under the National Housing Act i �? is due to the mortgagee's failure to I SEAL I remit the mortgage insurance premium to the Department of Housing and Urban I SEAL. I Development. ( SEAL, I { SEAL I STATE OF NEBRASKA, S5: COUNTY OF HALL On this IS th day of November . A.D. 19 86 , before me. a NOTARY PUBLIC in and for said County. personally came RIB T. PLACZEK and LYWLL L. PLACZEK, HUSBAND AND WIFE personally tome known to be the identical persons whose name s have been affixed to the above and fore - gang instrument as Mortgagor, and they have acknowledged the said instrument and the execution thereof to be their voluntary act and deed, for the purposes therein expressed. In testimony whereof. I have hereunto set my hand and affixed by official seal at GRAND ISLAND on the day and date last above written. 1[ u '�f�.t#L BfilfGEft ��tm fib Bsn l b1g STATE OF NEBRASKA Flied for record this day of A.D. 19 at o'clock M., and entered in Numerical Index. and recorded is Book of Mortgages. on Palle Of Register of Deeds HUD.92113M C%79) s ,