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<br />~--~+; U00969
<br />And the said first party hereby expressly covenants and agrees: {1) "Po pay the said DTote and interest
<br />in fail on the days the same shall severally become dye; (2) Neither to commit nor permit waste on the said
<br />r premises, and to put and keep the said real estate, buildings. and improvements in good repair; {3) To pay alt
<br />f taxes and assessments un the said real estate before delinquency and until the said Note is fully paid; {4} To
<br />pay alt taxes and assessments upon this btortgage and the debt secured thereby, together with any other
<br />taxes and assessments which may be levied or assessed, under the Laws of Nebraska, 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 times satisfactory to it; covering
<br />the buildings which now are or may hereafter he 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 b}' the-said- parties of the
<br />first part or for their benefit shall be primarily subject to appropriation by the said second party far the
<br />payment of said indebtedness. hailure to so maintain stub instrance shall authorize -the- second' parry, or rts
<br />assigns, at its or their option, to effect and maintain such insuran at the exixnse of the said first party, and
<br />thr first party agrees to rep y all sums so paid, with interest at kjrrcent, and such sums so.paid by the second _
<br />part}'. with interest at t7t }~ivicent, shall he 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 any.{ien from thr said
<br />premises, upon failure of the first party to cto so and all moneys so advanced with ihterest at the rate of }j 18
<br />percent per annum thereon, from date of payment, shall he repaid by the said first party; upon- demand, and
<br />shall he secured by this indenture.
<br />And it is further nnnually covenanted and agreed that in the event of the passage, after the•_•date of this
<br />Mortgage, of any law deducting any lien thereon fran the value of land for the purpose of taxalion. or changing
<br />in an} way the laws now 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 \4ortgage, the whole of the principal-sutra secured,zby this
<br />Jortgage, together with the interest clue thereon, shall, at the option of the said party of the second--part.
<br />without notice, become inunediately due and payable.
<br />And the said first parts further agrees that it default be made in the payment of any of said inte[eSt; or
<br />'(/rj an} part thereof, or of any interest thereon, or of sa.i Note, or any par[ thereof, or of any interest thereon,
<br />or w du perfornrance of an}• of the covenants herein contained, then, or at any time thereafter during the
<br />continuance of such default, the sand i\ote, and moneys paid-and--advanced, shatl',l at ;tfie tiara of the legal
<br />holder thereof, become at once due and collectible. and shall hear interest at the rate of h1~~ercent per annum.
<br />from the date of default, ;md this indenture may be foreclosed to satisfg the-amount=of the debt, including
<br />advarrces, interest, and costs; or the second-party, its successors or assigns,anay_foreclose-only a~ to the sum
<br />past due, without injury to this Mortgage, or the displacement or impairment of Che lien_t4eFgof.
<br />And in the event of the foreclosure of this Mortgage, the-said first part}'.covenants and--agrees to pay the
<br />cost of extending the abstract of title from the date of recording-'this Dortgage to- the date df filing suit, and'
<br />upon failure of he said first party to do so, all money so advanced by the second party sh&il' beat' interest at
<br />ehe rate of jdt~rcent per annum thereon and shall be secured by this indenture: s
<br />[t is further mutually covenanted and agreed that the party of the second part, its successor, and assigns;
<br />shalt at their option bc• subrogated to the lien, although released of record, of any prior encwr~brance, 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 payment of the said. principal -Note or interest,
<br />or mry parC thereof, as it shall mature, or in case of failure to keep or perform any of tl~e covenants or agreements
<br />contained tin this indenture, then the second pzrh-; iU successors or assigns, shall be and 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 appiy the proceeds thereof to the payments of the debt hereby secured.
<br />As additional and collateral securit}' for payment of the Fote and indebtedness hereinbefore described,
<br />thr said parties of the first part hereby assign to the said party of the second part, its successors or assigns; all
<br />the profits, revenues, royalties, rights, and beneftts accruing to them under all oil, gas, or mineral leases on said
<br />premises. This assignntrnt to terminate and become nail avd void upon the release of this Dortgage.
<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 be brought. or any Judge of such Court, either in term time or in vacation, is hereby authorized,
<br />upon application therefor, ko appoint a Receiver to take }wssession o£ the said premises and all crops thereon,
<br />or to urollect the renfs therearotr., and to do and t>ti.rform such other acts as may be required by the order of
<br />the Court making the appointment; and the first party hereby consents to the appointment of a Receiver upon
<br />the production of this indenture, without outer evidence.
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