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<br />~q-006543
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<br />the property otherwise after default, the Mortgagee shall apply, at the time of the commencement of such
<br />proceedings, or at the time the property is otherwise acquired, the amount then remaining to credit of
<br />Mortgagor under <a> of paragraph 2 preceding, as a credit on the interest accured and unpaid and the
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<br />baJlII\ce to the principal then remaining unpaid on said note.
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<br />4. The lien of thiB instrument shall remain in full force and effect during any poatponement or axten-
<br />sion of the time of payment of the indebtedness or any part thereof secured hereby.
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<br />5. He will pay all ground rents, taxes, assessments, water rates, and other rovernmental or municipal
<br />charges, fines, or impoaitions, levied upon said premises and that he will pay all taxea levied upon. thia
<br />1JlOI'tpge, or the debt secured thereby, together with any other taxea or lUIIleSIIments which may be levied
<br />under the laWI of Nebraaka &pinat the Mortpgee. or the legal holder of said principal note. on ~of
<br />th. indebtedness, except when payment for all such items haa theretofore been made. under (a)ofi'@a-
<br />IfI'&1)b 2 hereof, and he will promptly deliver the official receipts therefor to the Ifortpgee. In~
<br />thereof the Mortgqee may pay the same, ..
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<br />6. If he fails to pay any sum or keep any covenant provided for in this Mortage, the Ifo~. at
<br />its option, may payor perform the same, and all expenditures so made shall be adaed to the principal $.URl ..
<br />owing on the above note, mall be secured hereby, and shall bear interest at the rate provided for in the
<br />principal indebtedness until paid.
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<br />7. Upon requeat of the Mortpgee, Mortpgor shall execute and deliver a supplemental note or notee
<br />for the sum or suma advanced by'llortpgee for the alteration, modernization or improvement.made at the
<br />MortJ8lOr's request; or for maintenance of said premises, or for taxes or asseaaments aarainat the....
<br />and for any other purpose elsewhere authorized hereunder, Said note or notes shall be secured~
<br />on a parity with and as fully as if the advance evidenced thereby were included in the notefirat deaeribed
<br />above. Said supplemental note or notes shall bear interest at the rate provided for in the principal indebt-
<br />edn_ and shall be payable in approximately equal monthly payments for such period aa may be acned
<br />upon by the Mortgagee and Mortgagor. Failing to agree on the maturity, the whole of the .sum or.sulM
<br />so advanced shall be due and payable thirty (SO) days after demand by the Mortpree. In no event shall
<br />the maturity extend beyond the ultimate maturity of the note first deacribed above.
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<br />8. He hereby &Slips, transfen and seta over to the Mortgagee, to be applied toward the payment of
<br />the note and all SUlM lleCured hereby in case of a default in the performance of any of the terms and con-
<br />ditions of this Mortgage or the said note, aU the rents, revenues and income to be derived from the mort-
<br />gaged premises during such time as the mortll'lll'e indebtedness mall remain unpaid; and the Mortppe
<br />ahaij have pOwerw appoint'li.Jl}'Iigent uFOlgerrbi-i-b.my--delrirefodlre pui'j)lliM:uf'tintifii.ti'l~liiUntrlmd------"c--;.
<br />collecting the rents, revenues and income, and it may payout of said incomes all necessary commis8iOl18~'
<br />and expenses incurred in renting and managing the same and of collecting rentals therefrom; the balance ~;
<br />remaining, if any, to be applied toward the diacharge of said mortgage indebtedness. l
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<br />9. He will continuously maintain hazard insurance. of such type or types and amounts as thelfort- li
<br />gagee may from time to time require, on the improvements now or hereafter on said premises, and except
<br />when payment for all such premiums haa theretofore been made under < a) of paragraph 2 hereof, will pay
<br />promptly when due any premiums therefor. Upon default thereof, Mortgagee may pay the same. AU
<br />insurance shall be carried in companies approved by the Mortgagee and 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 notice by mail to the Mort-
<br />gagee, who may make proof of loss if not made promptl). by Mortgagor, and each insurance company
<br />concerned is hereby authorized and directed to make payment for such loss directly to the Mortgagee
<br />instead of to the Mortgagor and the Mortgagee jointly, and the insurance proceeds, or any part thereof
<br />may be applied by the Mortpgee at its opti.:m either to the reduction of the indebtedness hereby secured
<br />or to the restoration or repair of the property damaged. In eVl!nt of foreclOllure of this mortgage, or other
<br />transfer of title to the mortgaged property in extinguishment of the indebtedness secured hereby, all
<br />right. title and interest of the Mortpgor in and to any insurance policies tllen in force shall pan to the
<br />purchaser or grantee.
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<br />10. As additional and collateral security for the payment of the note described, and all sums to become
<br />due under this mortgage, the Mortgagor hereby assigns to the Mortgagee all lease bonuses, profits, reve-
<br />nues, royalties, rights and other benefits accruing to the Mortgagor under any and all oil and gas leases
<br />now, or during the life of this mortgage, executed on said premises. with the right to receive and receipt
<br />for the same and apply them to said indebtedness as well before as after default in the conditions of this
<br />mortgage, and the Mortgagee may demand. sue for and recover any such payments when due and payable,
<br />but shall not be required 80 to do, This assignment is to terminate and become null and void upon release
<br />of this mortpge.
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<br />11. He shall not commit or permit waste; and shall maintain the property in as good condition as at
<br />present, reasonable wear and tear excepted, Upon any failure to so maintain. Mortgagee, at its option,
<br />may cause reasonable maintenance work to be performed at the COlIt of Mortgagor, Any amounts paid
<br />theNlor by Mortgagee shall bear interest at the rate provided for in the principal indebtednells, shall
<br />thereupon become a part of the indebtedneSll secured by this instrument, ratably and on a parity with all
<br />other indebtedness secured hereby, and shall be payable thirty (30) days after dl'mand,
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<br />12. He will not execute or file of record any instrument which imposes a restriction upon thl' sale or
<br />occupancy of the property dellCribed herein on the basis of race, color or creed.
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<br />13. If thl.! premises, or any part thereof, be condemned under the power of eminent domain, or acquired
<br />for a P.';lblic Ulle, the damages awarded, the proceeds for the taking of, or the consideration for such
<br />acquiSition, to the extent of the full amount of the remaining unpaid indebtedness secured by this mort.
<br />pge, are hereby assigned to the Mortgagee, and shall be paid forthwith to said Mortgagee. to be a~plied
<br />on account of the last maturing installments of such indebtedness.
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<br />14. If the MortealOr fails to make any payments when due. or to cOllfonn to and eomply with allY
<br />of the conditions or agrl!l!menta contailwd in this mortgag(', or the noll'S whkh it 81'<:urI'8, or if thl' Mort-
<br />J8<<0r be adjudicated bankrupt or mad., d.'f..ndant in II bankruptcy or r('(:eiver8hip pl"O(,......ling. th..n th..
<br />entire principal sum and accru('d inter('s~ shall at 011('(' Iw(:ome dUI' alld payahlp, al till' pl"l'tioll of the Mnrt.
<br />~; .nd this mort,lIIP mllY lhereupon bt' for,'Cktllf'd imml'diatf'ly for thl' whlll" of thl' indl'ht,'dnf'~s
<br />her'lfflY l!eeured, includillg the cost of f'xU!ndinll' the abl'ltract of 1;t11' from till' daft' of thi~ Jnortll'llll'(' to th.,
<br />time of eommoncln'lIuch "uit, II r'l.'llllOnable attorney's fl'(', and any I!um!! paid hy th.. Vl'h'rllllll A,iminil!tra.
<br />tioo on account of the lUarlllnty or In!lurllncl' of the indl'htf'dn('1!1I s,'('url'd tlPrl'hy. all of ",hid. shall he
<br />IKluded In the d<<'Tm! of fOn'ClollUr'l!.
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<br />15, ntle 38 United Statea O:.de, and the Heaullltiona illllUM thereunder !lhll.lIll'o\'ern the rilfht.lI. dutilll\l
<br />IUId Ilabllllkla of th4'l partiee heret!., and MY proVilliollR of thh, or other inlltrlllnl'nlll 1'1l1'1'Ut('(1 in ('onlla.tion
<br />with Mid indebttKInellill whleh arl' Ifw.Ofllllslent with !lAId Title or He)tulatltlll8 ,~rl' Ih'rt'h.v ILItlt'nded Ilnd
<br />lluPfllMlented to ('onfonn thlll'f'to,
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