|
85-- 002596
<br />10. That the Mortgagor will keep the buildings upon said premises in good repair, a1,.,'neither commit nor permit waste
<br />upon said land, nor suffer the said premises to be used for any unlawful purpose.
<br />I ]..That if the premises, or any part thereof, be condemned under the power of eminent domain, or acquired for a public
<br />use, the damages awarded, the proceeds for the taking of, or the consideration for such acquisition, to the extent of the full
<br />amount of indehtednes upon this mortgage and the note which it is given to secure remaining unpaid, are hereby assigned by the
<br />Mortgagor to the Mortgagee, and shall be 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 />1 surance under the National Housing Act within 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 time from the date of this mortgage, declining to insure said
<br />dote and this mortgage, being deemed conclusive proof of such ineligibility), the Mortgagee or holder of the note
<br />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 attorney's fee, all of which shall be included in the decree of foreclosure; and the contract embodied in this mortgage
<br />and the note secured hereby, shall in all respects he 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 be applicable to all genders.
<br />The foregoing conditions, all and singular, being performed according to their natural and legal import, this conveyance
<br />shall be 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 Mortgagor(s) ha ve hereunto set their hand(s) the day and year first
<br />above written.
<br />In presence of:
<br />- (SEAL]
<br />[SEALI
<br />SEAL I
<br />mella U. 0
<br />(SEALI
<br />I SEAL )
<br />STATE OF NEBRASKA.
<br />Ss:
<br />COUNTY OF HALL
<br />On this 30tH day of may A.U. 19 85, before me. the underiagnecl,
<br />a Notary Public in and for said County, personally came Lyle E. Johnson and
<br />Melia D. Johnson, each in his and her own right and as spouse of each other,
<br />. personally to me known
<br />to be the identical person s whose name s are affixed to the above and fore-
<br />going instrument as Mortgagor, and they severally acknowledged the said instrument and the
<br />execution thereof to be their voluntary act and dSed, for the purposes therein expressed.
<br />In testimony whereof. I have hereunto set my hand and affixed by Notary veal at Grand ISM f Nebraska,
<br />on the day and date last above written. 1
<br />R4 !tp(IIM Notary Public
<br />STATE OFF NEBRASKA ss
<br />Filed for record this day of
<br />at o'clock
<br />recorded in Book
<br />Page of
<br />11
<br />A.D. 19
<br />M., and entered in Numerical Index, and
<br />of Mortgages, on
<br />4PQ 001•ip
<br />Register of Deeds
<br />1/1.11)9114;1M Ill 141
<br />
|