oc)-,
<br />the property otherwise afteA default the 14ortgagee shall appl," at the time of the commenceinent'of such
<br />proceedings, or at the time ii►e PrOPerty is otherwise <lc(luilid, the amount then remaining to credit of
<br />Mortgagor under (a) of paragraph 2 preceding, as a credit on the interest accrued and unpaid and the
<br />balance to the principal then remamirg unpaid on said note.
<br />I The lien of this instrument shall remain ir, full force and edol during any Postponement or exten-
<br />sion of the time of payment of the indebtedness or any part thereof secured hereby.
<br />�
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<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 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, or the legal holder of said principal note, on account of
<br />this indebtedness, except when Payment for all such hems has theretofore been made under (a) of para-
<br />graph thereof 2 hereof, and he will proyrlptl%- deliver the official receipts therefor to the Mortgagee. In default
<br />the Mortgagee may pay the same.
<br />6. If he fails to pay any sum or keep any covenant provided for in this Mortgage, the Mortgagee, at
<br />its option, may pay or perform the sane, and all expenditures so ma?, shall be added to the principal sum
<br />owing on the above note, shall be secure-.;! he•e•lly, 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 or improvement made at the
<br />Mortgagor's request; or fui 1njAii-1tt-
<br />,i-larlct: of said pi-ca-lises, 0
<br />and for any other purpose elsewhere authorized hereunder. '- fc"- "axt�Ls 0'- aiflist the balne,
<br />Said r notes shall g
<br />all be secured hereby
<br />abov, were included in the note first described
<br />on a parity with and as fully as if the advance evidenced th Sai note o
<br />Said supplemental note or notes shall War interest at the rate Provided for in the principal indebt-
<br />edness and shall be payable in approxnnately equal monthly payments for such period as may be agreed
<br />upon by the Mortgagee and Mortgagor. Failing W agree on the maturity, the whole of the sum or sums
<br />so advanced shall be due and payable thirty (30) days after demand b
<br />the maturity extend beyond the ultimate maturity of the no ytheMortgagee. In no event shall
<br />note first 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
<br />y in case of a default ill the Performance of an; cif the terms and con-
<br />ditions of this Mortgage or the said note, all the rents, revenues and "'come to be derived from the mort-
<br />gaged premises during such time as the mortgage indebtedness shall remain unpaid; arid the 'Mortgagee
<br />shall have power to appoint any agent or agents it may desire fair the Purpose of renting the same and
<br />collecting the rents, revenues and income and it may pay out of said incomes all llec(•s-Sal-Y commissions
<br />and expenses incurred in renting and managing the same arid of collecting rentals therefrom ; the balance
<br />remaining, if any, to be applied toward the discharge of said mortgage indebtedness. I ( M b 1
<br />9. He will continuously maintain hazard insurance, of such
<br />gaged may from time to time require, on the improvements type or types and amounts as the Mort-
<br />ulprovements now or hereafter on said premises, and except
<br />when payment for all such premiums has theretofore been made under t a) Of Pmygnq? 2 WOO wJ H pay
<br />promptly when due any Premiums therefor. Upon default thereof, Mortgagee may ;my the same. All
<br />insurance shall be carried in companies aPp"nvd by the Mortgagee at',(] the policies and renewals thereof
<br />shall be held by the Mortgagee and have attached thereto loss payable clauses in favor of and in form
<br />acceptable to the Mortgagee. In event of loss Mortgagor will give immediate IP)tl.e by rn;dl to the Mort-
<br />gagee, who may make proof of loss if not made promptly by Morlgapw. and each insurance Company
<br />concerned is hereby authorized and di•ect,ed to make payment for such loss directly to the Mortgagee
<br />instead of to the Mortgagor and the Mortgaget
<br />jointly, and the WSUrami- ploweeds, 01- ;Ill
<br />f Am Of the indebUidmas herehy secured
<br />restoration or repair of the PrOPCHY damaged. In event of form•4sure of this lnortga�rv, or other
<br />or to the to the roduc
<br />may be applied by the Mortgagee at its option either v part thereof,
<br />transfer of title to the mortgaged property in extinguishment of th, indebtedness hereby, all
<br />purchaser or grantee -ies tnell in force shall pass to the
<br />right, title and interest of the Mortgrago?- in and to any insurance ;Yom nt,; ,;ecured
<br />It As additional and collateral security An' the payment 4 the ni4p d.cHbol and all sums to become
<br />due under this mortgage, the Mortgagor hereby assigns to the Mortgagee- all lease bonuses, PnW, reve-
<br />nues, royalties, rights and other hPnefits accruing to the Mortgagor under any and all oil and gas leases
<br />now, or during the life of this mortgage, executed mi said pri niW, -1 h the right to receive and receipt
<br />for the same and apply them to said indebtvdiias as well lwrwv as of ter default in the conditions of this
<br />mortgage, and the Mortgagee may demant sue for and rmine• any such payments when due and payW)y
<br />but shall not be required so to do. TV assignment is in terminate and Imwomp null and void upon release
<br />of this mortgage.
<br />11. He shall not commit or permit wasm: and hall maintain the property in as good condition as at
<br />present, reasonable wear and tear excepted. 11"'n any' fAh"'" to so maintain, Mortgage(,, at. its option,
<br />may cause reasonable maintenance work to W per-KnAl at the im I I Any amounts )aid
<br />therefor by Mortgagee Will bear interest at the rate provided ft in Alortgago -'
<br />thereupon become a part of tile indebt( dues, r n the pdncipal indA4,dnesm shall
<br />,; ---cured by this institillment, ratably and on a parity with all
<br />other indebtedness s(Tured hereby, and di all he payil►le thirty (3►) (lays after demand.
<br />12. He Will not execute or We of r, i wif any instrument which imposes ,, resti,ic
<br />occupancy of the property described herein on tile basis of race, color or creed. tion upon the sale or
<br />13. If the premises, or any par"hensf, he condemned under Hw power ernillp
<br />for a public us, ut domain,
<br />consideration W► such
<br />the damages awarded, the ptnuivi-Is hw the taking of, or 0" ( r a '(111 i red
<br />acqUhRion, to the extent of the full arnount of tile remaining unpaid indebtedness mt-vurid by tins nui•t-
<br />gage, are hereby assigned to the Mortgagee, and shall to., paid for -Mw ah to ma,d A101•gagVe, 5 be niqd6d
<br />on account of the last maturing installments of such indebbolness.
<br />14. If the Mortgagor fails to make any payinerlb; when due, or to conform to and comply with any
<br />of the conditions or agnTinvW8 contained i this nvulgagv, or the rRdps iOnvii or "WC111,118, or if the Mort-
<br />gagor be adjudicated bankrupt or made deflidant in a bankruptcy or• receivership procceding, then the
<br />entire principal sum and accrued interest shall A once become (Itle and payable, at the elect ion of the Pdor-t-
<br />CSee; and this mortgagee may tIwr,,i1p,,n lie (orf'closvd immadialAy for the 'W" Of the inthilmidness
<br />reby serur(A, including the cost of Pxt,wWrig the abmtrml of tow from the thly of this nrwilgagv to the
<br />time of t °()mmcncinfr such snit, a reasonable ;ittol-ney•, A, and any starve; paid 1W the Veterans Administra•
<br />tion on accinint (if the guaranty or inmurance of the indebtedness Wjln,j hvl,phy, all
<br />Incluchmi in the r1rcree of fortMolury. of which shall he
<br />11 Title 3N 17nited States ('40e, and the
<br />and hainilties, of the parben he"vU, and any Itegulah"Mm immuoW thereunder shall go"wri the rlwKs,hHn,s
<br />pinwimul"m of thim," AWr insir"ments oxewuh.d
<br />in int"otw1hin
<br />with maid indploWnems Much are m-(q1,,j1s1u111 w0h �,ald To1v and
<br />tO f°ofgfosrr3j I t,
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