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8. That the Mortgagor will keep the improvements now ex- wing or hereafter erected on the mortgaged property, insured as may be required from time to time by the Mortgagee against loss by fire and other hazards, casualties and contingencies in such amounts and for such periods as may be required by the Mort - gagee and will pay promptly, when due, any prcnuums on such insurance provision for payment of which has not been made herembefore. All insurance shall be carried in companies ap- proved by the Mortgagee and the policies and renewals thereof shall be held by the Mortgagee and have attached thereto loss payable clauses in favor of and in form acceptable to the Mor- tgagee, In event of less Mortgagor will give immediate notice by mad to the Mortgagee. who may make proof of loss if not made promptly by Mortgagor. and each insurance company concerned is hereby authorized and directed to make payment for such loss directly to the Mortgagee instead of to the Mortgagor and the .MorEgagec jointly. and the insurance proceeds, or any part thereof. may be applied by the Mortgagee at its option Tither to the reduction of the indebtedness hereby secured or to the restoration or repair of the property damaged. In event of foreclosure of this mortgage at other transfer of title to the mor tgaged property in extinguishment of the indebtedness secured hereby. all right, title and interest of the Mortgagor in and to any insurance policies then in force shall pass to the purchaser or grantee. 9. That as additional and collateral security for the payment of the note described. and all sums to become due under this mortgage, the Mortgagor hereby assigns to the Mortgagee all profits, revenues, royalties. rights and benefits accruing to the Mortgagor under any and all oil and gas leases on said premises. with the right to receive and receipt for the same and apply them to said indebtedness as well before as after default in the condi- tions of this mortgage, and the Mortgagee may demand, sue for and recover any such payments when due and payable, but -shall not be required so to do. This assignment is to terminate and become null and void upon release of this mortgage. In wiltness wbereof the k1ortgagorl,$) have In presence of: IZL The Mortgagor further agrees that should this mortgage and the note secured hereby not be eligible for insurance under the National Housing Act within 60 days 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 60 days days' time from the date of this mortgage, declining to insure said note and this mortgage, being deemed conclusive proof of such ineligibility), the Mor- tgagee or holder of the note may, at its option, declare all sums secured hereby immediately due and payable. ** See Below 1-1. That if the Mortgagor fails to make any payments of monet when the same become due, or fails to conform to and comply with any of the conditions or agreements contained in ,his mortgage. or the note which it secures, then the entire prin- cipal 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, 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 reasonable 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 inure to, the respective heirs, executors, ad- mirusuators, successors, and assigns of the parties hereto. Whenever used, the singular numbet shall include the plural, the plural the singular, and the use of any gender shall include all genders. The foregoing -conditions, all and singular, ht-ing performed ac- Cording to their natural and legal import, this conveyance shall be void and said premises released at the expense of the Mon- gago- otherwise to be and remain in full force and effect. hereunto set hand(s) the day and year first above written. their Iseall Iseall ** This Gption may not be exercised by the mortgagee "hen the ineligibilty for RJ1J F_ 5QT;Qlr&nk. insurance under the National horsing Act is due to the Mortgagee's failure t-, it the mortgage insurance premium to the Department of Housing and Urban [sew] WRr" I 0111MM T . Page 3 of A M