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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 />� <br />- <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, <br />