.,.~ .
<br />~'~ ~~~~~
<br />And the said first party hereby expressly covenants and agrees: {1) To pay the said Note-and interest
<br />in tut, on the days the same shall severally bemme due; {Z) Neither to commit nor permit waste otr,the said
<br />premises, and to put and keep the saki real estate, buildings, and improvements fn good repair; (3) To pay alC
<br />taxes and assessments on the said real estate before delinquency and until the said Nofe is fupy paid': (4) To
<br />pay all taxes end assessments upon this A'Cortgage and the debt secured thereby, together with any other
<br />taxes and assessments which may br levied or assessed, tinder the Caws of Nebraska, against the said second
<br />party, or the legal holder of the said Note on account of this indebtedness: {5) To prnetire, keep in fortt;and
<br />deliver to the said second party policies of insurance against loss by fire and tornado, in snch arrtormts seed
<br />insurance companies as the said second party shall select, and as shall be at all times satisfaetdty -to it, co~~~ing<
<br />the buildings which now are or may hereafter Lm erected on the said premises, making the-foss; if any. payabk
<br />to the said second party or its assigns, and every such contract of insurance' effected' by the said parties o4 the
<br />first part or for their benetit shall be primarily subject to appropriation by the said seoond party for the
<br />payment of said indebtedness. }:ailvre to so maintain such insurance shall authotite the second party, omits
<br />assigns, at its or their option, to eN'ect and maintain such insu t the expense of the said 'first party, and
<br />the first party agrees to 11 sums so lxtid, with interest at "cent, and such sums so paid-pyahe second.
<br />iw-rrh•, with interest at Tent, shall be secured by this 4tortgage; (6) That the said'setond-party or the
<br />owner of the said Note ntav make such repairs, pay such taxes, and pay and remove arty lien #i°otn the said
<br />premises, upon failure ut the first party to do w and all moneys so advanced with interest at the rate»f ftl$,~f
<br />percent per annum thereon, from date of payment, shall hr repaid by the said first party, upon?dctnand, and
<br />,hall ere secured by thi. indenture.
<br />And it is further mutually covenanted and agreed that in the event of the passage, aker the date of this
<br />Jlortgage, of any law deducting any lien thereon from the value of land for the purpose of taxation, or changing.
<br />in any way the laws now in form for the taxation of mortgages or debts secured try mortgage or the rnanner-
<br />o( the collection of any Hoch taxes, so as to affect this Stortgage, the whole of the principal sum seenredby this
<br />\lortgage, together with the interest due thrrrun, ,hall, at the option of the said party of the second part,
<br />without notice, become inuue<liau•Iv due and payable.
<br />And the _,aid ticst Is:rn- farther agrees that ii default br made in the payment of any of said interest, or
<br />ant part thereof, or of any interest thrrrun. or ui ,aid Vote, ur any part thereof, or of any interest thereon,
<br />or in the prrfonnana• ui .mc of the covenants herein rant-.tinrrl, then, or at any time thereafter during the
<br />continuance of such default, dte said Vote, and money, paid and advanced, shall, at t tioti of the legal
<br />holder thereof, treruatr at ~ mrc due atxl collectible, and shall hear interest at the rate of ieenC per anntun
<br />Enna the date of default, mtd this im,lenuvr may he foreclosed tct satisfy the amount of the debt, indnditig
<br />advavers, interest. and vs't>; or the secunrl party, its successors or assigns, may foreclose only as to 'the stem
<br />feast doe, without iniun~ to thi> ~lortgagr. or the displacement or impairment of the lien thereof.
<br />And in the recut of the torrdosure ut thi, Stortgagr, the said first party covenarns anti agrees to pay the
<br />cost of rxiending the ai,xr,tet of trtlr Tram the date of rrcur<liug this \longage to the date of filing suit, and
<br />upon iadur~ rani tiro party !o ciu ,o, all niunry ,u advanced 6y the second party shall heaz interest at
<br />the rate of ent per annum thi°rruu and ,halt ;w ,ecturd ln- the; irtdruture.
<br />tt is further nuuually a,ernanird .uui agreed that der party of the sewed part, its successors and assigns,
<br />,,hall at their option hr ,uhrogated to the lira. although released of record, of any prior rncumhraner, mechanic's,
<br />vendor's, or other lien on .aid premi>rs patd nut ui the pntceeds of the loan secured hereby.
<br />And it i> further agreed that in case ui .. default m the paynm•nt ui the said princil,al Note or interest,
<br />ur any part thereai. ;,s rt ,hall mature, ur ut ca>e ui fadar-r to keep ur lrerfunn any- of the covenants ur agreements
<br />contained in this indenutrr, then Hu' second lama: its ,uccr.+surs or assigns, .hall be and is hereby authorized
<br />and eutlwwemi to take touurdiate }n„sexton ui der .aid prrnuses hereby .-onveeed and all crop. thereon. ur
<br />[u troller, the resin therrfrum, and apply the proceeds thereof to the bayou-eta u( the deb[ hereby secured.
<br />In adduiurtai and cuilatrral .rCUrin for t~:r!nu:rt ..f the .lute and imleb0.tiincoo hereint,efore described,
<br />the satd hanks ui the fir>t lent hen~bc asatkt; to t}x• said Isere} of the ,ecuud part, is ~uccessun r~r astgos, a!1
<br />the profits, recenurs, n,yaldea nght>. ~.nd 6rnefit~ accruing h, then; ender :d. nil, ;aa. ur nnneral Iranen un s;nd
<br />prnnisrs. This aSDignmrnt to tenuinace and here+rtte hull and ouai upon the relea,r u[ the, Slongagr.
<br />And it is further aigreed drat iu case any nwt a i~eguu ro fureriune thrs imlentrnr, der Caun ir, ehic•h ,uch
<br />aenun shad Ix• tuattght, or any fudge of ,uch Cour4 either ~^ !rein tiuir ur m cacatiun, in Irereby autlwrizcd,
<br />ufxm appiirahon thrrrfor, to apfwirtt ., lieceiver to tape la7aarssiun of the ,aid prettn zo and all cn,lm thrrnuu,
<br />ur to colfecC the rents thrreiruut, an<1 to do :utd In~riurm .,uch ~rtbcr act+ n., n:a}~ hr rcyunrd h_t the „nlrr ui
<br />tha Court making the appoinunetrt ,and the tint I.ar hrrebc cunsru ~, to the apho+ntmeut ui a Krcrnrr n}~m
<br />ihc. pret'auctiun of this indenture, without other rculeurr.
<br />
|