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86- 148801
<br />1*0. That the Mortgagor will keep the buildings upon said premises in good repair, and neither commit nor permit waste
<br />upon said land, mx suffer the said premises to he used for any unlawful purpose.
<br />l i s Thai if the premises, or any parr ' 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 />12. The Mortgagor further agrees that should this mortgage and the note secured hereby not be eligible for in-
<br />surance under the National Housing Act within 60 da s 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 />nay, at its option, declare all.sums secured hereby immediately due and payable. ee See Be ow
<br />13. That if the Mortgagor fails to make any payments of money when the same becotne Jue, 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 sIWIrat 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 note 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 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 Mortgagor(s) W,e hereunto set their hand(s) the day and year first
<br />above written.
<br />In presence of:
<br />*a This Option may not be exercised by the
<br />mortgagee when the ineligibilty for
<br />insurance under the National dousing 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 />f S (SEAL]
<br />(SEAL]
<br />CINDY K. RUSTED
<br />[ SEAL. ]
<br />STATE OF NEBRASKA.
<br />ss:
<br />COUNTY OF HALL
<br />On this 25 th day of November A.D. 19 S6 , before me,
<br />a NOTARY PUBLIC in and for said County, personally came
<br />(SEAL]
<br />(SEAL]
<br />LESTER G. RUSTED and CINDY K. HUSTED, HUSBAND AND WIFE
<br />, personally to me known
<br />to be the identical persoq whose names have been affixed to the above and fore-
<br />Ong instrument as Mortgagor, and they haYe acknowledged the said instrument and the
<br />execution thereof to be their voluntary act and dged, for the purposes therein expressed.
<br />In testimony whereof, I have hereunto set my hand and affixed by officii seal at (RAID ISLAND
<br />on the day and date last above written.
<br />kal
<br />L otary Public
<br />STATE OF NEBRASKA ss
<br />day of
<br />A.D. 19
<br />M., and entered in Numerical Index. and
<br />of Mortgages, on
<br />Register of Deeds
<br />OPO fOi �n NUD-92103M (9.791
<br />
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