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86- 107008 10. That the Mortgagor will keep the buildings upon said premises in good repair, and neither commit nor permit waste upon said land. nor suffer the said premises to be used for any unlawful purpose - I L That it the premises. or any pan thereof. he condemned under the power of eminent domain. or acquired for a public use, the damson awarded. the proceeds for the taking of, or the consideration for such acquisition. to the extent of the full amount of indebtednes upon t his mortgage and the note which it is given to secure remaining unpaid'. are hereby assigned by the miongagor to the Mortgagee. and shall be paid forthwith to said Mortgagee to be applied by the latter on account of the next maturing insuNiments of such indebtedness: 12. The Mortgagor ftuther agrees that should this mortgage and the note secured hereby not be eligible for in- surance under the National Housing Act within 30 Days from the date hereof (written statement of any officer of the Department of Housing and �a�teTvelopment or authorized agent of the Secretary of Housing and Urban Development dated subsequent to the time from the date of this mortgage, declining to insure said note and this mortgage. being deemed conclusive proof of such inelipbility), the Monte or holder of the note may, at its option, declare all sums secured hereby immediately due and payable. *SEE NOTE BELOW 13. That if the Mortgagor fails 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 sum and accrued interest shall at once become due aid payable, at the election of the Mortgagee: and this mortgage may thereupon be foreclosed immediately for the whole of said money, interest. monthly payments, costs, ground rents. taxes and 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- we" attorney's fee, all of which shalt be included in the decree of foreclosure: and the contract embodied in this mortgage and the note secured hereby. shall in all respects be governed. construed and adjudged by the laws of Nebraska, where the same is made. The 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 shall be applicable to all genders. The foregoing conditions, all and singular. being performed according to their natural and legal import. this conveyance shall be void and said premises released at the expense of the Mfortgagor: otherwise to be and remain in full force and effect. INWITtiESSWHEREOF . the %fortgagortsrhave hereunto set their handfs) the day and year first above written. In presence of: (SEAL( R. Sisso � SEAL l Marian G. Sisson (SEAL) (SEAL( (SEAL) c►e saraae STATE OF NEBRASKA. COUNTY OF HALL On this 5th day of December A.D 19 86. before me. a Notary Public in and for .aid County. personally came Edwin R. Sisson and Marian G. Sisson, husband and wife, personally to me known to be the identical person; whose names are affixed to the above and fore- going instrument as Mtortgagor, 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 .et my hand and affixed by Official seat at Grand Island on the day and date last above written NMK -S01! If Notary Public CONME SMEi0 ftM q Cm 11. STATE OF NEBRASKA Fled for record this day of at o'clock recorded in Book PW'. of A.D. 19 M_ and entered in Numerical Index, and of Mortgages. on -- - Register of Deeds V� *12. NOTE: This option may not be exercised by the mortgagee when the ineligibility for insurance under the National Housing Act is due to the mortgagee's failure to remit the mortgage insurance premium to the Department of Housing and urban Development. HUD 9? f 1.]M rg. `9�