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<br />10 That the 'Mortgagor will keepthe buildings upc,n said ;premises in good repair. and .neither commit not :permit (paste
<br />upon said land. nor suffer the said premises lobe used for any unlawful purpose.
<br />11. That if the premises, =or anv pan 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 indebtednesupon this mortgatt and the note which it is given to secure ,remaining unpaid. are bcreby assignedby7he
<br />Mortteagor io,the MortgWz. :and shall':he paid forthwith to said f.lortgagee :to he applied :by the :later on account of the :next
<br />taaturirtg itastaUmertts of sttchittdet+tedness.
<br />12. The 94wVAW farther .agrees that should this mortgage and the note 'secured 'hereby not be eligible for in-
<br />snrance anderibe e+x6wal Housing Act within 60 days f rom ibe dau hetrot 0ATittenstatement of.any officer
<br />of bite Department, of Housing and !UThan Development or authorized agent of the Secretary of ] eosins and Urban
<br />Development dated subsequeni,to the 60 slays time from the date of :this mortgage, declining io insure said
<br />note and this - mongage, being :deemed conclusive ;proof of such ineligibility), the Mortgagee Or holder of the note
<br />mar. its:gption. 4cclvc,0sums,seeurrsd hereby immedistely 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 wand
<br />comply wi#t'anyof the conditions or agreements contained in this mortgage, or the note which it secures, then the entire princi-
<br />pal sum and accrued interest sluff at once,becorne due and payable, at the election of the 'Mortgagee ;and 'this mortgage may
<br />thereupontc foreclosed:immediatelyforthe whole of said money.. interest. monthly payments, costs, ground Tents, taxesand
<br />the cost of extending- the.abstract of title from zthe .date of.this loan to the time of commencing such foreclosure suit; and a rca-
<br />sonable attorney's fee, all of which shall'be included in the decree of tloreclosure; and the contract erabodied in this mongage
<br />and the note secured :hereby, shall in all respects The governed, construed and adjudged by the laws of Nebraska, where the
<br />•same is:tnade.
<br />The covenants hercin:comained shall bind, .and:the:benefits and advantages shall insure to, the respective heirs, executors.
<br />administrators. successorsand: assigns of the ;panics hereto. Whenever used, the singular number shall include ibe plural, the
<br />pluralthe singular.and theuseof any :gender shall 6e applicable to all - genders.
<br />The forgoing condkions, 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 andtfftct.
<br />IN WITNESS WHEREOF, the %Iongagortslhave hereuntostt their handfs3.the:day and year firsi
<br />.above wrince.
<br />SEE ADJUSTABLE RATE RIDER ATTACHED HERETO AND MADE A PART HEREOF FOR ADDDITIONAL
<br />TERMS, COVENANTS AND CONDITIONS OF THIS MORTGAGE-
<br />In presence of:
<br />-:is option may not be exercised by
<br />t e mortgagee when the inel_gibility eft j5EA1j
<br />or insurance under the National Timot� ltMtzi�X
<br />Housing Act is due to the mortgagee's [SEAL]
<br />failure to remit the mortgage insurance
<br />pre -uum to the Department of Housing �SEALJ
<br />Mittel
<br />an Urban Develonment. Teresa A_
<br />(SEAL]
<br />I SEAL I
<br />STATE OF NEBRASKA.
<br />ss:
<br />COUNTY OF HALL
<br />On this 31st day of DeCemter . A.D. 1985 , before me.
<br />a Notary Public in and for said County, personally came
<br />Timothy C. Mittel and Teresa A. Mitzel, Husband and Wife
<br />personally to me known
<br />to be the identical: person swhose names are affixed to the above and foie
<br />going instrument as Mortgagor. and they have acknowledied the said instrument and the
<br />execution thereof to be their voluntary act and deed, for the purposes therein expressed.
<br />In testimony whereof. 1 have hereunto set my fund and affixed by notarial seal at Grand Island
<br />on the day and dale last above written.
<br />�sltatal�ituh' /4•� / Dew S i
<br />rD� Notary Public
<br />wflttata ��i
<br />STATEOFNEBRASKA ss
<br />Piled for record this day of
<br />at o'clock
<br />recorded in Book
<br />Past of
<br />A.D. 19
<br />M., and entered in Numerical Index. and
<br />of Mortgages, on
<br />Register of Deeds
<br />
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