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erode shall bee added to the principal stem owing on the above
<br />am, slap be secuerad hereby, and shall bear interest at the rue
<br />set fotth in do said note, wan paid.
<br />7. That tW Mortgagor hereby tasdgas. trustees and sets over
<br />to tits Mortgagee, to be apply ied toward the payment of the note
<br />nd
<br />a all e W
<br />ats setatred in case of a default In the perfor-
<br />mance of any of the carer and cooditim of this mortgage or the
<br />said noes, all the reads, rwwamn sad htoeme to be derived from
<br />the aortgapd pnsmfses during mob time as the mortgage In-
<br />deblednese " rasatia tmpai i. and the MOttgailies ,Ball have
<br />powef to appoint my now or apose it may dedre for the pur-
<br />poor of repeirlag said promises and of ratting the game and Wl-
<br />Wedtg the tarts, mmun; aid income . and it may pay oat of
<br />said incomes all sapsom of repairing said prsmiso and necessary
<br />commissions and expenses incurred in renft and managing the
<br />same and of collecting rentaig therefrom; the hot anoe remaining.
<br />if any. to be applied toward the discharge of said mortgage
<br />indebtedness.
<br />t. That the Mortgagor will keep the Improvements now ex-
<br />isting or hereafter areaed on the mortgaged property. insured at
<br />may be required from time to time by the Mortgagee against loss
<br />by fire and Otter hazards, casualties and cuntiappcW In such
<br />amounts and for welt periods at may be required by the Mort-
<br />gage and will pay promptly. when due, any premiums on such
<br />insurance provision for payment of which bas at been made
<br />hereimbefore. All insurance shag be carried to companies ap-
<br />proved by the Mortgagee and the policies and renewals thereof
<br />WWI be MW by the Mortgagee and have attached thereto loss
<br />payable clauses in favor of and in form acceptable to the Mor-
<br />tgagee. En swot of loss Mortgagor win give immediate notice by
<br />mail to the Mortgages, who may make proof of lose if not made
<br />promptly by Mortgagor, and each Insurance company concerned
<br />is busby authorized and directed to make payment for such logs
<br />directly to the Mortgagee instead of to the Mortgagor and the
<br />Mortgagee jointly, and the Insurance proceeds. or any pan
<br />thereof. may be applied by the Mortgages at its option either to
<br />the reduction of the indebtedness hereby secured or to the
<br />restoration or repair of the property damaged. In event of
<br />foreclosure or this mortgage or ocher transfer of tide to the mor-
<br />tpyd property in extinguishment of the indebtedness secured
<br />busby, all right, title and Interest of the Mortgagor in and to
<br />any insurance policies then in fora shall pan to the purchaser or
<br />grantee.
<br />9. That u additional and collateral security for the payment
<br />of the note described, and all sum to become due under this
<br />mortgage, the Monggor hereby reigns to the Mortgages all
<br />proflq, reveause, royettiss, rights and benefits accruing to the
<br />Mottgspr under nay sad all OIL and gas leases on said promises.
<br />with the right to receive and receipt for the same sod apply them
<br />to said indebtedness as well before a attar default in the condi-
<br />tion of this mortgage, and the Mortgagee may demand, sue for
<br />and recover espy Rich payments when due and payable, but shall
<br />not be required w to do. This assignment is to terminate and
<br />became null and void upon release of this mortgage.
<br />to witaw wherwf the Mortgagors) he ve hereunto set
<br />In presence of:
<br />86--- 107,289
<br />to. That the Mortggor will keep the buildings upon said
<br />promises In good repair, and neither commit nor permit waste
<br />upon " land, nor suffer the said premises to be used for any
<br />unlawful purpose.
<br />11. That if the promises. or any part thereof, be condemned
<br />under the power of eminent domain. or acquired for a public
<br />use. the damages awarded, the prooseds for the taking of, o• the
<br />consideration for Rich acquisition, to the extent of the full
<br />amount of indebtedness upon this mortgage and the tote which it
<br />Is given to secure remaining unpaid, an hereby ndpted by the
<br />Moryegor to the Mortgages, and shad be paid forthwith to said
<br />Mortg aM to be applied by the latter on account of the next
<br />maturing installments of such indebtedness,
<br />12. The Mortgagor further agrau the should this mortgage
<br />and the note secured hereby not be eligible for insurance under
<br />the National Housing Act within 180 days
<br />from the data hereof (written statement of any officer of the
<br />Depsr ment of Housing and Urban Development or authorized
<br />agent of the Secretary of Housing and Urban Development dated
<br />subsequent to the 180 days' time from the date
<br />of this mortgage, declining to insure said note and this mortgage.
<br />being deemed conclusive proof of such Ineligibility), the Mor-
<br />tgagee or holder of the now may, at its option, declare all sums
<br />secured hereby immediately due and payable.
<br />13. That if the Mortgagor fails to make any payments of
<br />money when the same become due, or fails to conform to and
<br />comply with any of the conditions or agreements contained in
<br />this mortgage, or the note which it secures, than the entire prin-
<br />cipal sum and accrued interest shall at once become due and
<br />payable, at the election of the Mortgagee; and this mortgage may
<br />thereupon be foreclosed immediately for the whole of said
<br />money, interest, monthly payments, costs, pound reau, taxes
<br />and the cost of extending the abstract of title from the date of
<br />this loan to the time of commencing such foreclosure suit, and a
<br />reasonable attorney's fee, all of which shall be included in the
<br />decree of foreclosure; and the contract embodied in this mortgage
<br />and the note secured hereby, shall in all respects be governed.
<br />construed and edjudged by the laws of Nebraska, where the same
<br />is made.
<br />The covenants herein contained shall bind, and the benefits
<br />and advantages shall inure to, the respective heirs, executors, ad-
<br />ministrators, successors. and assigns of the pardes b ucto.
<br />Whenever used, the singular number shall include the plural, the
<br />plural the singular, and the use of any gender shall include all
<br />genders.
<br />The foregoing conditions, all and singular, being performed ac-
<br />cording to their natural and legal import, this conveyance shall
<br />be void and said premises released at the expense of the Mort-
<br />gagor: otherwise to be and remain in full force and effect.
<br />f R }sand( 41%e day and year first above written.
<br />DAVID M. ME D K
<br />CHRIIMNE J. QS1rP4 D4 [9W)
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