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86-107019 10. That the Mortgagor will keep the buildings upon said premises in good repair, and neither commit nor permit waste upon said land. tar suffer the said premises to be used for any unlawful purpose. 11. That if the premises, or any part thereof, be 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 indsbtednes upon this mortgage and the note which it is given to secure remaining unpaid. are hereby assigned by the Mortgagor to the Mortgagee, and shag be paid forthwith to said Mortgagee to be applied by the latter on account of the next maturing installments of such indebtedness. 1:. The Mdrtpgor further agrees that should this mortgage and the tote 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 Urban Development or authorized agent of the Secretary of Housing and Urban Development dated subsequent to the Stated time from the date of this mortgage, declining to insure said note mud this mortgage, being deemed conclusive proof of such ineligibility), the Mortgagee or holder of the tote may, at its option, declare all sums securred 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 entueprinci- pal sum and accrued interest shall at once become due and 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, axes 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- sonabic attorney's fee, all of which shall 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 Mortgagor: otherwise to be and remain in full force and effect. IN WITNESS WHEREOF. the Nfortgagorist ha ve hereunto set their hand(s) the day and year first above written. In presence of: SEAL J Iva C. a II (SEAL) ud K. Sta necker (SEAL] —[SEAL] —[SEAL) GPO 9N -17! STATE OF NEBRASKA. ss: COUNTY OF HALL ; On this 5th day of December A.D 19 86,beforcme, a Notary Public in and for :aid County, personally came Alvah C. Stahlnecker III and Judy K. Stahlnecker, husband and wife personally to me known to be the identical person s whose name s are affixed to the above and fore- going 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 Of£icialseal at Grand Island on the day and date last above written. IBM IM-Stall m fltita>ka Notary Fublic CO0iEW �/d ES It Q STATE OF NEBRASKA Filed for record this day of A.D. 19 at o'clock M., and entered in Numerical Index, and recorded in Book of Mortgages, on Page of Register of Deeds *12. NOTE: This option may not be exercised by the mortgagee when the ineliifibilitv 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. Huc� qx ±aas+ +y -a�