|
shade shad be added to the principal sum cowing on the above
<br />time, shall be secured hereby, and shall bear interest at the rate
<br />set forth in the said note, until paid.
<br />'. That the Mortgagor hereby assigns, transfers and sets over
<br />to the Mortgagee, to be applied coward the payment of the note
<br />and all sums secured hereby in case of a default in the perfor-
<br />mance of any of the terms and conditions of this mortgage or the
<br />said note, all the rents, revenues and income to be derived from
<br />the mortgaged premises during such time as the mortgage m-
<br />dness shall retrain unpaid, and the Mortgagee shall have
<br />power to appoint any agent or agents it may desire for the pur-
<br />pose of repairing said premises and of renting the same and col-
<br />lecting the rents, revenues and income, and it may pay out of
<br />said incomes all expenses of repairing said premises and necessary
<br />commissions and expenses incurred in renting and managing the
<br />same and of collecting rentals therefrom; the halance remaining,
<br />if any, to be applied toward the discharge of said mortgage
<br />indebtedness.
<br />8- That the Mortgagor will keep the improvements now ex-
<br />isting or hereafter erected on the mortgaged poperty, insured as
<br />may be required from time to time by the Mortgagee against loss
<br />by fire and other hazards, casualties and contingencies m such
<br />amounts and for such periods as may be required be the Mon, .
<br />gager and will pay promptly, when due, any premiums on such
<br />insurance provision for payment of which has not been made
<br />hereinbefore. All insurance shall be carried in companies ap-
<br />proved by the Mortgagee and the policies and renewals ifiereot
<br />shall be held by the Mortgagee and have attached thereto lass
<br />payable clauses in favor of and in form acceptable to the Mo,_
<br />Igagm. in event of loss Mortgagor will give immediate no =.ice by
<br />mail to the Mortgagee, who may make proof of loss if not made
<br />promptly by Mortgagor. and each insurance company concerned
<br />L; hereby authorized and directed to make payment for such loss
<br />directly to the Mortgagee instead of to the Mortgagor and the
<br />Mortgagee jointl3, and the insurance proceeds. or any part
<br />thereof, may be applied by the Mortgagee at its option either to
<br />the reduction of the indebtedness hereby secured or to the
<br />ressoration or repair of the property damaged. In even, of
<br />foreclosure of this mortgage or other transfer of title to the tnor-
<br />tgaged property in extinguishment of the indebtedness secured
<br />hereby, all right, title and interest of tier IvIo tgagor in and t,
<br />any insurance policies then in force shall pass to the purchaser or
<br />grantee.
<br />9. That as addin wy- for, payment
<br />at' the note described, d sums tie ., under this
<br />mortgage, the Moog r r M all
<br />profits. revenues, rova is aril its acting to the
<br />Mortgagor under any and all oil and gas leascs on said premises,
<br />with the right to receive and receipt for the same avd apply them
<br />to said indebtedness as well before as after default in the condi-
<br />tions of this mortgage, and the Mortgagee may demand, sue for
<br />and recover any such Payments when due and payable, but shall
<br />not be required so to do. This assignment is to terminate and
<br />income null and void upon release of this mortgage.
<br />wAVICIS whereof the %lorigagons) he .
<br />In presence of:
<br />10 '25,6 RE-RECORDED
<br />SL- a224
<br />Id. Thai the MLarrgagor will keep the buildings upon said
<br />Premises in good repair, and neither commit nor permit wi-ge
<br />upon said land, riot suffer the said premises to be used ft), any
<br />unlawful purpose.
<br />? 1. That if the premises, or any pan thereof, be condemned
<br />under [tic power of eminent domain, or acquired for a public
<br />use, the damages awarded, the proceeds for the iak ng of, or the
<br />consideration for such acquisition, to the extent of the full
<br />amount of indebtedness upon this mortgage and the note which it
<br />is given to secure remaining unpaid, are hereby assigned by the
<br />Mortgagor to the Mortgagee, and shall be paid forthwith to said
<br />Mortgagee to be applied by the tatter on account of the next
<br />maturing installments of such indebtedness.
<br />12. Tide Mortgagor further agrees that should this mortgage
<br />and the note secured hereby not be eligible for insurance under
<br />the National Housing Act within days
<br />from the date hereof (written statement of any officer of the
<br />Department of housing and Urban Development or authorized
<br />agent of tite Secretary of alousing and Urban Development dated
<br />subsequent to the days' time from the date
<br />of this mortgage, declining to insure said note and this mortgage,
<br />tieing deemed conclusive proof of such ineligibility), the Mor-
<br />tgagee or holder of the note may, at its option, declare all sums
<br />secured hereby immediately due and payable.
<br />13. That if the Mortgagor faits 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, then 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, ground rents, 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 adjudged 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 parties hereto.
<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 />hereunto set ;1 1r, hand(s) the day and year first above written.
<br />f 1Sea @;
<br />Page 3 of 4
<br />a
<br />E Real l
<br />leeal l
<br />_._.. ...._.....__._____. _ -_- .._ - -. 14eall
<br />W
<br />
|