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<br />W. That the Morlgagor will kt,p the hull(11 ngs upon said premises In good repair. ;....neither commit nor permit waste
<br />upon said land, nor suffer the said premises to be used for any unlawful purpose.
<br />f I I. That if the premises. or any part thereof, be condemned under the power of eminent domain, or acquired for a public
<br />C. the damages awarded, the proceeds for the taking of, or the consideration for such acquisition, to the extent of the full
<br />amount of indebtednes upon this mortgage and the
<br />us note which it is given to secure remaining unpaid, are hereby assigned by the
<br />Mortgagor to the Mortgagee, and shall he paid forthwith to said Mortgagee to he applied by the latter on account of the next
<br />t maturing installments of such indebtedness.
<br />12. The Mortgagor further agrees that should this mortgage and the note secured hereby not be eligible for in-
<br />s surance under the National Housing .Act within sixty days from the date hereof (written statement of any officer
<br />of the Department of Housing and Urban Development or authorized agent of the Secretary of Housing and Urban
<br />Development dated subsequent to the sixty days time from the date of this mortgage. declining to insure said
<br />note and this mortgage, being deemed conclusive proof of such ineligibility), the Mortgagee or holder of the note
<br />k may, at its option, declare all sums recurred hereby immediately due and payable.
<br />13. That if the Mortgagor fails to make any payments of money when the same become due, or fails to conform to and
<br />comply with any of the conditions or agreements contained in this mortgage, or the note which it secures, then the entire princi-
<br />pal sum and accrued interest shall at once become due and payable, at the election of the Mortgagee; and this mortgage may
<br />thereupon be foreclosed immediately for the whole of said money, interest, monthly payments, costs, ground rents, taxes and
<br />the cost of extending the abstract of title from the date of this loan to the time of commencing such foreclosure sui!.: and a rea-
<br />sonable attorney's fee, all of which shall he included in the decree of :foreclosure; and the contract embodied in this mortgage
<br />and the note secured hereby, shall in all respects be governed, construed and adjudged by the laws of Nebraska, where the
<br />same is made.
<br />The covenants herein contained shall bind, and the benefits and advantages shall insure to, the respective heirs, executors,
<br />administrators, successors and assigns of the parties hereto. Whenever used, the singular number shall include the plural, the
<br />plural the singular, and the use of any gender shall he applicable to a,: genders.
<br />The foregoing conditions, all and singular, being performed according to their natural and legal import, this conveyance
<br />shalt he void and said premises released at the expense of the Mortgagor; otherwise to he and remain in full force and effect.
<br />IN WITNESS WHEREOF. the Murigagor(s) have hereunto set their d
<br />above written. hands) the day and year first
<br />In presence of:
<br />This option may not be execised
<br />by the mortgagee when the ineli ibil`� — ISEALI
<br />for the insurance under the Nation�)y Marvin I.. Smith
<br />HousingAct is due to the mortgagee's ,. ISEA1.)
<br />failure to remit the mortgage onna ],'. smitt SE.AI.I
<br />insurance premium to the
<br />Department of Housing and Urban ISEALI
<br />Development.
<br />I SEAL I
<br />STATE OF NEBRASKA.
<br />rs:
<br />COUNTY OF Hall
<br />On this 12th day of April
<br />, A.D. 19 85, before me.
<br />Notary Public in and for said County, personally came
<br />}!arvin L. Smith and Donna L. Smith, Husband and Idife
<br />to he the identical person s Khose namts are , personally m me known
<br />going instrument as Mortgagor, and they have affixed to the above and fore.
<br />execution thereof to he their voluntary act and defied. ford the rpurpos d therein expressed.
<br />In testimony whereof, I have hereunto set my hand and affixed by notar ial seal at Grand Island
<br />on the day and
<br />IIINAM 1L
<br />� MlM�I -IIM� d Il+ttiww
<br />WIMIL M 1118
<br />,.
<br />Norary Public
<br />STATE OF NEBRASKA ss
<br />Filed for record this day of
<br />at o'clock
<br />recotdcd in Book
<br />Page of
<br />A.1). 19
<br />M.. and entered in Numerical Index, and
<br />of Mortgages, on
<br />Registfr'If Deed,
<br />iMu y; r,t.lna i <t n o
<br />
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