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86- 107145
<br />Ia. That the Mortgagor will keep the buildings upon said premises in good repair, and neither commit nor permit waste
<br />upon said land. nor suffer the said premises to be used for any unlawful purpose.
<br />11. That if the premises, or any parr thereof, be 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 Mortppe, 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 30 Days from the date hereof (written statement of any officer
<br />of the Department of Housing and ULLban ,Dtevelopment or authorized agent of the Secretary of Housing and Urban
<br />Development dated subsequent to the - State '+' time from the date of this mortgagee, declining to insure 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 NOTE 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 shall 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(sl ha ve hereunto set their hand(s) the day and year first
<br />above written.
<br />In presence of:
<br />-
<br />ISEALI
<br />,,JJTerry A.j.4& urg
<br />1R7,\__ . �, I SEAL I
<br />Kristi D. Lemburg
<br />[SEAL]
<br />I SEAL I
<br />I SEAL I
<br />GPO 341.138
<br />STATE OF NEBRASKA.
<br />ss:
<br />COUNTY OF HALL
<br />On this 9th day of December . A.D. 19 86, before me,
<br />a Notary Public in and for said County. personally came
<br />Jerry A. Lemburg and Kristi D. Lemburg, 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 deed, for the purposes therein expressed.
<br />In testimony whereof, I have hereunto set my hand and affixed by Official seal at Grand Island
<br />on the day and date last above writte
<br />UCENRAL tviNOTARY —State o1 He6,ask4 %SARILY;V J. BECK _�
<br />fiSy Comm Fxp d Notary Public
<br />STATE OF NEBRASKA
<br />Filed for record this day of A. D. 19
<br />at o'clock M., and entered in Numerical Index, and
<br />recorded in Book of Mortgages, on
<br />Page of
<br />Register of Deeds
<br />*12. NOTE: This option may not be exercised by the mortgagee when the
<br />ineligibility for insurance under the National Housing Act is due to the mortgagee's
<br />failure to remit the mortgage insurance premium to the Department of Housing and Urban
<br />Development.
<br />,1009 143M 19 -:'N)
<br />n W1.4 .r
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