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1Q. That the Mortgagor will k�_�, the buildings upon said premises in good repair, ,. neither �commit 0029t70te
<br />upon said land, nor suffer the said premises to be 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 />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 indebtednes 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 be 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 he eligible for in-
<br />surance under the National Housing Act within sixty days from the of the Department of Housing and Urban Development Tor authorized agent oft therS cr tart' of of any officer
<br />Development dated subsequent to the sixty days g and Urban
<br />note and this mortgage, being deemed conclusive proof of such time from the date of this mortgage, declining to insure said
<br />ineligibility), the Mortgagee or holder of the note
<br />may, at its option, declare all sums recurred hereby immediately due and payable.. ** gee Below
<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 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 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 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 Mortgagor(s) ha hereunto set
<br />above written. hand(s) the day and year first
<br />In presence of:
<br />* *This option may not be exercised by the �'_r.z �`7�`
<br />mortgagee when the ineligibilty for iSEAI)
<br />insurance under the National Charles L. Taylor
<br />Housing Act is due to the mortgagee's i SI AL )
<br />failure to remit the mortgage insurance
<br />Caryn M. Tay or i SFAI.
<br />premium to the Department of Housing
<br />and Urban Development. ISEAI.)
<br />SEAL i
<br />STATE OF NEBRASKA.
<br />ss:
<br />COUNTY OF Hall
<br />On this 21st day of June A.D. 19 85, before me.
<br />a Notary Public in and for said County. personally came
<br />Charles L. Taylor and Caryn M. Taylor, Husband and Wife
<br />to be the identical person swhose name s personally to me known
<br />going instrument as Mortgagor, and they have affixed to the above and fore-
<br />execution thereof to be their voluntary act and dged for cthe pulrposes therein expre s ed
<br />In testimony whereof. I have hereunto set my hand and affixed by seal at
<br />on the day and date last above written. notarial Grand Island
<br />NUMMAN-81molneweew
<br />DOLORES K DER Notary Pablic
<br />w h�ttl► �► �r < 1Mt
<br />STATE OF NEBRASKA ss
<br />Filed for record this day of
<br />at o'clock A.D. 19
<br />recorded in Book M.. and entered in Numerical Index, and
<br />Page of of Mortgages, on
<br />Register of Deeds
<br />Wwca 401.00, P101.) 9)'193M (9 7A4)
<br />—.,-
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