|
1
<br />r 86-- 108999
<br />JO. That the Mortgagor will keep the buildings upon said premises in gaxi repair, a 1u 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 he 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 sixty 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 ` sixty days time from the date of this mortgage, declining to insu -c 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 recurred 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 shalt 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 note secured 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 be and remain in full force and effect.
<br />IN WITNESS WHEREOF, the Mortgagor(s) ha ve hereunto set their hand(s) the day and year first
<br />above written -
<br />SEE ADJUSTABLE RATE RIDER ATTACHED HERETO AND MADE A PART OF HEREOF FOR ADDITIONAL TERMS,
<br />COTS AND CPNDITIONS OF THIS MORTGAGE. -
<br />n presence or
<br />*This option may not be exercised by the " ''`+`" ( SEAL I
<br />mortgagee when the ineligibility for Roy E. frichtei-
<br />insurance under the National Housing (SEAL)
<br />Act is due to the mortgagee's failure J;i a,4g-11 ( ( SEAL J
<br />to remit the mortgage insurance pre- Natrrtcy J. o icht
<br />mitm to the Department of Housing and ISEALJ
<br />Urban Developmerit
<br />J SEAL J
<br />STATE OF NEBRASKA.
<br />ss:
<br />COUNTY OF Hall
<br />On this 5th day of December . A.D. 19 86 , before me.
<br />a Notary Public in and for said County, personally came
<br />Roy E. Hofrichter and Nancy J. Hofrichter, Husband and Wife
<br />personally to me known
<br />to be the identical person s whose name s are affixed to the above and fore-
<br />going instrument as Mortgagor, and they have acknowledged the said instrument and the
<br />execution thereof to be their voluntary act and d9ed, for the purposes therein expressed_
<br />In testimony whereof, I have hereunto set my hand and affixed by notarialseal at Grand Island, NE
<br />on the day and date last a .��..�..r
<br />�� If Mratin � r
<br />KAllMONLMEf1 `r1 GL 1iC �1� 7i i�"21
<br />Amt 6*.1Nt 21M T 'T Notary Public
<br />STATE OF NEBRASKA ss
<br />Filed for record this
<br />at o clock
<br />recorded in Book
<br />page of
<br />day of
<br />A.D. 19
<br />M., and entered in Numerical Index, and
<br />of Mortgages, on
<br />9 #-0 96 1.967
<br />Register of Heeds
<br />HUD- 921430A (4 -19)
<br />
|