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<br />8J"r UQV~~7I
<br />And the said first party hereby expressly covenants and agrees: (1} To pay the said Note and interest
<br />in full on the days the same shall severally become clue; (2) Neither to commit nor perntit waste on.the said
<br />premises, and to-put and keep the s<•tid real estate, buildings, and improvements in good repair; (3} To pay all
<br />taxes and assessments on the said real estate before delinquency and until the said Note is fully- paid ; (=1} To
<br />pay alt taxes and assessments upon this D4ortgage and the debt secured thereby, together tvith any other
<br />taxes and assessments which maybe levied or assessed, under the Laws of iQebraska, against the said second
<br />party, or the legal holder of the-said Note on account of this indebtedness; (5) To procure, keep in force, and
<br />deliver to the said second party policies of insurance against loss by fire and tornado, in such amounts and
<br />insurance companies as the said second party shall select, and as shall be at all tinter satisfactory to it, covering
<br />the buildings which now are or may hereafter be erected on the said premises, making the loss, if any, payable
<br />to the said second party or its assigns, and every such contract of insurance effected by the said parties of the
<br />first part or for their benefit shall be primarily subject to apgropriation by the said second party for the
<br />payment of said indebtedness- Failure to so maintain such insurance shall authorize the second party, or its
<br />assigns, at its or their option, to effect and maintain such insurance expense of the said first party, and
<br />the-first party agrees to re , sums m paid, with interest at rcent, and such sums so paid by the second
<br />party, with interest at ;t}te cent, shall be secured by this Mortgage; (6) That the said second party or the
<br />owner of the said Note may make such repairs, pay such taxes, and pay and remove an}= lien from the said~JXrr
<br />premises, upon failure of the 5rst party to do so and all monets so advanced with interest at the rate of}dj[l~
<br />percent per annum thereon, from date of payment, shalt he repaid by the said first party, upon demand, and
<br />shall he secured b}• this indenture.
<br />And it is further mentally covenanted and agreed that in the event of the passage, after the date of this
<br />Mortgage, of any law deducting any lien thereon from dte value of land for the purpose of taxation, or changing
<br />in an}- way the laws non• in force for the taxation of mortgages or debts secured by mortgage or the manner
<br />of the collection of any such taxes, so as to affect this Mortgage, the whole of the principal sum secured by this
<br />Mortgage, together with the interest clue thereon, shall, at the option of the said party of the second part,
<br />withaut notice, become immediately clue and payable.
<br />And the said first party further agrees that if default be made in the payment of any of said interest, or
<br />any part thereof, or ut auy interest thereon, or of said \ote, or auy Istrt thereof, or of aaty interest thereon,
<br />or iu dte performance of any of the covenants herein contaiuc•d, then, or a[ any time thereafter during the
<br />coutiuuance of such default, the s:titl Note, and monecs paid and advanced, shall, at the t1q of the legal
<br />holder thereof, become xt once due and collectible, and shall bear interest at the rate of ~~ent per annum
<br />from the date of default, and this indenture may be forecktsed to satiric the amount of the debt, including
<br />advances, interest, and costs; or the srcoud iztrh-, its successors or assigns, may foreclose only as to the sum
<br />past due, without injur}• to this Mortgage, or the displacement or impairment of the lien thereof.
<br />And in the event of the foreclosure of this Mortgage, the said first parh~ covenants and agrees to pay the
<br />cost of extending the ahstract of title from the date of recording this Mortgage to the date of filing suit, and
<br />upon failure f h~said first party to do so, all nxmev so advanced be the second parn• :hall bear interest at
<br />the rate of j~rcent per ammm thereon mtd ;hall Ix sea~ttred by this indenture.
<br />It is further mutually covenanted and agreed that the parh• of the sc~~oud part, its successors and assigns,
<br />shall at their option tae subrogated to the lien, although ntrasc<l ui record, of an}• prior encumbrance, mechanic's,
<br />vendor's, or other lien on said premises paid out of the proceeds of the loan secured hereby,
<br />And it is further agreed that in case of a default in the payatent of the said principal Mote or interest,
<br />or any part thereof, as it shall mature, or in ease of failure to keep or periornt any of the covenants or agreements
<br />rnntained in this indenture, then the second parh•; its suceessors or assigns, shall be attd is hereby authorized
<br />and empowered to take immediate possession of the said premises hereby conveyed and all crops thereon, or
<br />to collect the rents therefrom, and apply the proceeds therrot to the payntrnts of the debt hereby rev ured.
<br />:~s additional and collateral security for pa}-nteut of the \ote and indebtedness hereinbetore described,
<br />the said parties of the first part hereby assign to the said party of the second part, its successors or assigns, alt
<br />the profits, revenues, royalties, right;, ;md brnents accruing to them wider :di oil, gas, or mineral leases on said
<br />premises, "Phis assignment to terminate and bemme null attd void upon the release of this Mortgage,
<br />And it is further agreed that in case any suit is begun to foreclose this indenture, the Court in which such
<br />action shall 6e brought, or any lodge of such Court, either in term time or in vacation, is hereby authorized,
<br />upon application therefor, to appoint a Receiver to take (wssession of the said premise.; and all crops thereon,
<br />or to collect the rents therefrom, and to do and pcrtonn such other acts as n>.1y tx; rcyuircd ln• the order ui
<br />the Court making the appointment; :uid the first i>arh• hereby consents to the apiwinhnent ui a Receiver ulwn
<br />the production of this indenture, without other evidence.
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