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lo. That the Mortgagor will kc,,, the buildings upon said premises in good repair... :neither commit nor permit waste
<br />upon said land, nor suffer the said premises to he used for any unlawful purpose.
<br />11. That if the premises, or any part thereof. be condemned under the power of eminent domain, or acquired for a public
<br />Crj use, the damages awarded, the proceeds for the taking of, or the consideration for such acquisition, to the extent of the full
<br />cq amount of indebtednes upon this mortgage and the note which it is given to secure remaining unpaid, are hereby assigned by the
<br />Ct ?Mortgagor to the Mortgagee, and shall he paid forthwith to said Mortgagee to he applied by the latter on account of the next
<br />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 />surance under the National Housing Act within sixty days from the date hereof (written statement of any officer
<br />J 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 />ai may, at its option, declare all sums securred 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 suit, and a rea-
<br />sonable attornev'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 hind, 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 all genders.
<br />The foregoing conditions, all and singular, being performed according to their natural and legal import, this conveyance
<br />shall he void and said premises released at the expense of the Mortgagor; otherwise to be and remain in full force and effect.
<br />IN WITNESS WHEREOF, the Mortgagorrsl ha ve hereunto set their handtsh the day and year first
<br />above written.
<br />in presence of:
<br />* This option may not be exercised by
<br />the mortgagee when the ineligibily
<br />for the insurance under the National.
<br />Housing Act is due to the mortgagee`;
<br />failure to remit the mortgage
<br />insurance premium to the Department
<br />of Housing and Urban Development.
<br />STATE OF tiEHRASKA.
<br />ss:
<br />COUNTY OF Hall
<br />On this 1St day of May
<br />a Notary Public
<br />./
<br />_ I SEAL_ i
<br />I SEAL I
<br />, A, 1). 19 85. before me,
<br />in and for said County, personally came
<br />John C. Hou€telog and Shirley 1-1. Houselog, husband and Wife
<br />I SEAL. I
<br />I SEAL. I
<br />I SEAL i
<br />personally to me known
<br />to he the identical persons whose names are affixed to the above and fore -
<br />instrument as Mortgagor. and t he y have acknowledged the said instrument and the
<br />execution thereof to he their sotuntary act and dyed, for the purposes therein expressed,
<br />In testimony whereof, i have hereunto set my hand and affixed by notar ial xal at Grand Island
<br />tm the day.and date last a
<br />Mr4ttut, a& lot. 4 no I Notary Public
<br />S°T ATE, OF%F,BRASKA ss
<br />Filed for record this das of
<br />at o'clock
<br />recorded in Book
<br />Flip of
<br />A
<br />A. 1). 19
<br />M., and entered in Numerical Index, and
<br />of Mortgages, on
<br />Register of Deeds
<br />3P10 ®qt• ®®f 101 Ill tip 143 M 114 141
<br />
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