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<br />the property otherwise after default, the Mortgagee shall apply, at the time of the commencement of such
<br />Proceedings, or at the time the
<br />property is otherwise acquired, the amount then remaining to credit of
<br />Mortgagor under (a) of paragraph 2 preceding, as a
<br />credit on the interest accured and unpaid and the
<br />balance to the principal then remaining unpaid on said note.
<br />4. The lien of this instrument shall remain in full force and effect during any postponement or exten-
<br />sion of the time of payment of the indebtedness or any part thereof secured hereby.
<br />5. He will pay all ground rents, taxes, assessments, water rates, and other governmental or municipal
<br />charges, fines, or impositions, levied upon said
<br />t
<br />premises and that he will pay all taxes levied upon this
<br />mortgage, or the debt secured thereby, together with any other taxes or assessments which may be levied
<br />under the laws of Nebraska against the Mortgagee,
<br />or the legal holder of said principal note, on account of
<br />this indebtedness, except when payment for all such items has theretofore been made under (a) of pare-
<br />graph 2 hereof, and he will promptly deliver the official receipts therefor to the Mortgagee.
<br />thereof
<br />the Mortgagee may pay the same. In default
<br />6. if he fails to pay any sum or keep any covenant provided for in this i4Sor tgage, the Mortgagee, at
<br />its option, may pay or perform the same, and all expenditures so made shall be added to
<br />the principal sum
<br />owing on the above note, shall be secured hereby, and shall bear interest at the rate provided for in the
<br />principal indebtedness until paid.
<br />7. Upon request of the Mortgagee, Mortgagor shall execute and deliver a supplemental note or notes
<br />for the sum or sums advanced by Mortgagee for the alteration, modernization improvement
<br />Mortgagor's
<br />or made at the
<br />request; or for maintenance of said premises, or for taxes or assessments against the same,
<br />and for any other purpose elsewhere authorized hereunder.
<br />Said note or notes shall be secured hereby
<br />on a parity with and as fully as if the advance evidenced thereby were included in the note first described
<br />above. Said supplemental note or notes shall bear interest
<br />at the rate provided for in the principal indebt-
<br />edness and shall be payable in approximately equal monthly payments for such period as may be agreed
<br />upon by the Mortgagee and Mortgagor. Failing
<br />to agree on the maturity, the whole of the sum or sums
<br />so advanced shall be due and payable thirty (30) days after demand by the Mortgagee. In no event shall
<br />the maturity extend beyond the ultimate maturity of the first
<br />note described above.
<br />8. He hereby assigns, transfers and sets over to the Mortgagee, to be applied toward the payment of
<br />the note and all sums secured hereby in case of a default in the performance of any the
<br />ditions
<br />of terms and con-
<br />of this Mortgage or the said note, all the rents, revenues and income to be derived from the mort-
<br />gaged premises during such time as the mortgage indebtedness
<br />shall remain unpaid; and the Mortgagee
<br />shall have power to appoint any agent or agents it may desire for the purpose of renting the same and
<br />collecting the rents, revenues and income, and it
<br />may pay out of said incomes all necessary commissions
<br />and expenses incurred in renting and managing the same and of collecting rentals therefrom; the balance
<br />remaining, if any, to be applied toward the discharge
<br />of said mortgage indebtedness.
<br />9. He will continuously maintain hazard insurance, of such type or types and amounts as the Mort-
<br />gagee may from time to time require, on the improvements now or hereafter
<br />on said premises, and except
<br />when payment for all such premiums has theretofore been made under (a) of paragraph 2 hereof, will pay
<br />promptly when due any premiums therefor. Upon default thereof, Mortgagee may the
<br />insurance
<br />pay same. All
<br />shall be carried in companies approved by the Mortgagee and the policies and renewals thereof
<br />shall be held by the Mortgagee and have
<br />attached thereto loss payable clauses in favor of and in form
<br />acceptable to the Mortgagee. In event of loss Mortgagor %Mill give immediate notice by mail to the Mort-
<br />gagee, who may make proof of loss if not
<br />made promptly by Mortgagor, and each insurance company
<br />concerned is hereby authorized and directed to make payment for such loss directly to the Mortgagee
<br />instead of to the Mortgagor and the Mortgagee jointly, and the insurance
<br />proceeds, or any part thereof,
<br />may be applied by the Mortgagee at its option either to the reduction of the indebtedness hereby secured
<br />or to the restoration or repair of the property damaged. in event of foreclosure of this mortgage,
<br />transfer
<br />or other
<br />of title to the mortgaged property in extinguishment of the indebtedness secured hereby, all
<br />right, title and interest of the Mortgagor in and to insurance
<br />any policies then in force shall pass to the
<br />purchaser or grantee.
<br />10. As additional and collateral security for the payment of the note described, and all sums to become
<br />due under this mortgage, the Mortgagor hereby
<br />assigns to the Mortgagee rill lease bonuses, profits, reve-
<br />nues, royalties, rights and other benefits accruing to the Mortgagor under any and all oil and gas leases
<br />now, or during the life of this mortgage,
<br />executed on said premises, with the right to receive and receipt
<br />for the same and apppply them to said indebtedness as well before as after default in the conditions of this
<br />mortgage. and the Mortgagee may demand, sue for and recover
<br />any such payments when due and payable,
<br />but shall not ixa required so to do. This assignment is to terminate and become null and void upon release
<br />of this mortgage.
<br />11. fie shall not commit or permit waste; and shall maintain tile- property in as gait condition as at
<br />present, reascmable wear and tear excepted. 11tion any failure to so maintain, Mortgagee,
<br />may its
<br />at option.
<br />caul reasonable maintenance work to to performed at. the cost of Mortgagor. Any amounts plaid
<br />therefor by Mortgagee shall pear interest at t e rate
<br />provided for in the principal indebtedtess, shall
<br />thereupon become a Part (if the indebtedness secured by tit's inRtrurnent, ratalft and on it partly with all
<br />other indebtedness secured hereby, and shall be
<br />payable thirty t30) days after demand.
<br />12. He will not execute or file of record any instrument which inilmses a restriction upoll the sale or
<br />occupancy of the property described herein on the basis of race, color or creed.
<br />13. If the premises, or any part thereof, be condemned under the power of eminent domain, or ac•eluiref
<br />for a public Use, the damages awarded, the proceeds for the taking of, or the consideration for such
<br />acquisition, to the extent of the full amount of the remaining
<br />unpaid'ndeht.edticss secured by this more_
<br />gage, are hereby assigned to the Mortgagee, and shall le paid forthwith to said Mortgagee, to iH, , 1p1ol't
<br />Oft account of the last maturing installments of such indebtedness.
<br />1.1. if the Mortgagor fails to make any payments when due, or to eonforn, to and comp, %-ilh any
<br />of the conditions or agreements contained 'n this mortgage, or the notes which it
<br />- wcore4, or if the Mort -
<br />gagor be adjudicated bankrupt or made defendant ill a hankruptey or roceivership pro,-cciiing. tiled the
<br />entire principal sum and accrued interest shall at once b <ti•ome due and pvywhlc, at the eloct'oa of tilt- Mort-
<br />and this mortgage. may thereupon
<br />lie foreclosed'mmediately for tile- whoir elf the indebtedness
<br />ereirry rise ured, including the cost of exterldirrg the
<br />�
<br />abstract of title from the Mate of this mo► °t gape to the
<br />time of commencing such suit, a reasonable attorney's ree. and any sums paid by i he k'eteraans Admin ist ra-
<br />ttan on account of the guaranty or insurance of the indebtedness se-a tired hereby,
<br />included
<br />in the decree or foreclosure. all of 1rh'eh �1ha11 la,�
<br />15. INtle 38 United States (,cote, and the Regulations aunieei thereunder shall ll
<br />d IlAbilit elf the 1 hereto, and any prnviaro►19 of thithis or e ther itimtrument c+�tttlecttloll
<br />.•
<br />il ,xtvoti(41 it,
<br />with rd lnclrbrte4n which A" inconsistent. with said 'title or Ite�ulmimi•s ,,Are hPlY �tty ik.lTlcodevt :91111
<br />sul0emrnted to cetrlfrartn thereto.
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