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r 83---uu0853 10. That the Mortgagor wilt keep the buildings upon said premises in good repair. and neither commit nor permit waste upon said land, nor suffer the said premises to be used for any unlawful purpose. I1. That if the premises, or any part thereof, be condemned under the power of eminem domain, or acquired for a public use, the damages awarded, the proceeds for the taking of, or the consideration for such acquisition, to the extent of the full amount of indebtednes upon this mortgage and the note which ii is given to secure remaining unpaid, are hereby assigned by the Mortgagor to the Mortgagee, and shall be paid forthwith to said Mortgagee to be applied by the latter on account of the next maturing installments of such indebtedness. 12. The Mortgagor further agrees that should this mortgage and the note secured hereby not be eligible for in- suranceunder the National Housing Act within Silty Days from the date hereof (written statement of any officer of the Department of Housing and Urban Development or authorized agent of the Secretary of Housing and Urban Development dated subsequent to the 53~t t y Days time from the date of this mortgage, declining to insure said note and this mortgage, being deemed conclusive proof of such ineligibility), the Mortgagee or holder of the note may, at its option, declare a!1 sums recurred hereby immediately due and payable. 13. That if the Mortgagor faits to make any payments of money when the same become due. or fails to conform io and comply with any of the conditions or agreements contained in this mortgage, ur the note which it secures, then the entire princi- pal sum and accrued interest shall at once become due and payable, at the election of the Mortgagee: and this mortgage may thereupon be foreclosed immediately for the whole of said money, interest, monthly payments, costs, ground rents, [axes and 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- sonable attorney's fee, all of which shall be included in the decree of !foreclosure: and the contract embodied in this mortgage and the note secured hereby, shall in all respects he governed, construed and adjudged by the taws of Nebraska, where the same is made. The covenants herein contained shat) bind, and the benefits and advantages shall insure to, the respective heirs, executors, administrators, successors and assigns of the parties hereto. Whenever used, the singular number shalt include the plural, the plural the singular, and the use of any gender shat) t+e applicable to alt genders. The foregoing conditions, alt and singular, being performed according to their natural and legal import, this conveyance shall be void and said premises released at the expense of [he Mortgagor, otherwise to be and remain in full force and effect. IN WITNESS WHEREOF, the Mortgagortsl have hereunto set their hand(s) the day and year first above written. to presence of: y~ 1~ r~nw ``_ . /x `.tom+"<,~ l SEAL j JA.`fE5 H. PEDERSEN jSEAL] ~dx'C1 _~ ,~!~a/'f'.ajr-+ (SEAL] .fULIE G, PEDERSEN jSEALj jSEAL) STATE OF NEBRASKA, 1 `~ COUNTY OF Hall On this 23rd day of February ~ D. l~ 83 , before mr, a Notary Public m and for ss;d C~unt~, per~~roatiy canto James H. Pedersen and Julie G, Pedersen, Husband and ldife, GPO 9d7-13B persunelly tome known to be the identical person s whose name s are affixed to the alwve and fore- goinginstrument as Mortgagor, and they have acknowledged the said instrument and the execution thereof to he their , otumary act and deed, for the purposes therein expressed. In testimony whereof,Ihavrhrtrunta.runyh;+ndandarhxedh, notaria7srai;yt Grand Island, Nebraska on the Jay and date last above wntten. r _ ! .-% ~_, 8tr tLmM. 1wr 29.1986 N'atary Public 5TATE OF NEBRASKA .. Fited for record itus dot of ,_ at a iltx:k :t;~ recorded in Bank j I'agr «f ~t :1.D. 19 and entered in Numencal Index, ands of Mortgages, an Register of Deeds=r ..+'!3M ka P9: