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<br />10, Thai the Mortgagor will keep the buildings upon said premises in good repair. and neither commit nor permit ",aste
<br />upon saidlaftd. nor sulfer the~d premises to be used for any unlawful purpose, ,
<br />I L 'Thalif the premises. 0<' any part thereof. be condemned under the power of eminent domain, or acquired for a public
<br />use. the llamagesawarded. the proceeds fortbe taking of. or the consideration for such acquisition, to the extent of the full
<br />limoontotindebtednes upon this mortgage and the note which it is given to secure remaining unpaid, are hereby assigned by the
<br />Mortga;gorto the'~or.gagee; and shall he paid forthwith to said Mortgagee to be applied by the latter on account of the next
<br />lIilIturingjostalhllents of such indebtedness.
<br />12, The Mortgagor further agrees tbat should tbis mortgage and the note secured hereby not be eligible for, in-
<br />surance under the National Housing Act within Sixty days from the date hereof (written statement of any officer
<br />of the Department of Iiousing and Urban Development or authorized agent of the Secretary of Housing and Urban
<br />Development daled subsequentlo the Sixty days time from the date of Ihis mortgage, declining to insure said
<br />note and tbi.~ mortgage, being deemed conclusive proof of such ineligibility), the Mortgagee or holder of the note
<br />may, at its option. declare all sums securred hereby immediately due and payable,
<br />13, That if the Mortgagor fails to make any payments of money when the same become due, or fails 10 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 SUQI and accrued interest shall at once become due and payable, al the election of the Morlgagee; and lhis mortgage may
<br />lhereupon be foreclosed immediately for the whole of said money, interesl, monthly payments, costs, ground rents, taxes and
<br />the cost of extending the abstracl of title from lbe date af Ihis loan 10 the time of commencing such fo\'Cclosure suit, and a rea-
<br />sonable attorney's fee, all of which shall be included in the decree of :foreclosure; and the contracl embodied in this mortgage
<br />and the'note secured hereby. shall in all respecls be governed, conslrued and adjudged by the laws of Nebraska, where the
<br />same is made.
<br />The covenants herein contained shall bind. and lbe benefits and advantages shall insure to. the respective heirs, executors,
<br />administrators. successors and assigns of the parties hereto. wm,never used, lhe singular number shall include the plural. the
<br />plural the singular, and the use of any gender shall be applicable 10 all genders,
<br />The foregoing conditions, all and singular, being performed according 10 their natural and legal import, this conveyance
<br />sball be void and said premises released at the expense of the Mortga!!or; otherwise to be and remain in full force and effect,
<br />
<br />IN WITNESS WHEREOF,lhe Morlgagorls} have
<br />above written,
<br />
<br />hereunto sel their
<br />
<br />handis) the day and year first
<br />
<br />In presence of:
<br />
<br />"''11 -/ / /I/.J
<br />! "Lt<ft<.Y V-L~
<br />MICHAEL V. OTIS
<br />
<br />.'~'
<br />'k'/L1~ ( ,
<br />MARY . OTIS
<br />
<br />(SEAL]
<br />(SEALI
<br />(SEALI
<br />{SEAL!
<br />I SEAL !
<br />
<br />GPO HI.138
<br />
<br />ST..'TE OF NEBRASKA,
<br />
<br />COUNTY OF HALL
<br />
<br />0.. this 8th day.,f
<br />a Notary Public
<br />
<br />L,
<br />,
<br />
<br />March . A D 1'1 83 ,N.-fore me,
<br />In and (or '3id Cvunt)'. P<'r~.lnaH)" .:amt
<br />
<br />Michael V. Otis and Mary E. Otis. Husband and Wife
<br />
<br />to he tbe identical person 6 ",hose name s ace
<br />eoi. ilIsUllment as MOrlp&or. and t:1ley have
<br />eXKUhOn thereof to be their
<br />
<br />, personally' to me known
<br />alli>:ed 10 tbe above and fore-
<br />ad;llOwledaed the said instrumenl and the
<br />,duman a"1 and deed, for tbe purposes tberein expressed,
<br />
<br />In testunon)' ....hereuf, I ha.e hereunt" 'ellll\ haud and adi..ed ".
<br />OIIthc day and date last abu.e ,",ritkn,' ,
<br />
<br />
<br />notar ia~seal al
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<br />-j'\ /1" A./ "
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<br />
<br />Gra~~Island, Nebraska
<br />
<br />,,-1/ ,/' ./
<br />... //'--t.. k',,:n-> (^ /'
<br />Notary l'ublk
<br />
<br />3i
<br />
<br />i
<br />
<br />STATE OFNE8RA$KA
<br />Filed 'Of: ~ord.liis
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<br />Reaiiter of Deeds
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