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<br />84...... 004527
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<br />10. That the Mortgagor will keep the buildings upon said premises in good repair. and neither commit nor permit waste
<br />upon said land, nor suffer the said premises to he used for any unlawful purpose,
<br />II. That if the premises. or any part thereof, be (;ondemned under the power of eminent domain, or acquired for a public
<br />use, the damages awarded, the proceeds for the taking of, or the consideration for such acquisition, to the extent of the full
<br />amount of indebtednes upon this mortgage and the note which it' is given to secure remaining unpaid. are hereby assigned by the
<br />Mortgagor to the Mortgagee. and shall be paid forthwith to said Mortgagee to be applied by the latter on account of the next
<br />maturing instaJJments of such indebtedness.
<br />12. The Mortgagor further agrees that should this mortgage and the note secured hereby not be eligible for in-
<br />surance under the National HousingAct within sixty days from the date hereof (written stalement of any officer
<br />of the Department of Housing and Urban Development or authorized agent of the Secretary of Housing and Urban
<br />Development dated subsequent to the sixty days time from the dateofthismortgage, declining to insure said
<br />note and this 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. * See. Below
<br />13. That if the Mortgagor fails to make any payments of money when the same become due, or fails to 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 pririci-
<br />pal sum and accrued interest shall at once become due and payable, al the election of the Mortgagee; .and thi.mortgage may
<br />thereupon be foreclosed immediately for the whole of said money, interest. monthly payments?-costs, gro':!nd r~~ts,:ta:Xes;and
<br />the cost of extending the abstract of title from the date_of this Joan to-the time-of commencing such-.foreclo~u.re-suit. and:-a-rea.:.
<br />sonable attorney's fee, all or which shall be included in the decree orlforeclosure; and the contractembodied in this mortgage
<br />and the note secured hereby, shall in all respects be governed. construed and adjudged by the laws of Nebraska, where the
<br />same is made.
<br />The covenants herein contained shall bind, and the benefits and advantages shall insure to, the respective heirs,executors,'
<br />administrators, successors and assigns of the parties hereto. Whenever used, the singular number_shaU incfudethe-plund; the
<br />plural the singular, and the use of any gender shall be applicable to all genders.
<br />The foregoing conditions, all and singular, being performed according to their natural and legal import, this conveyance
<br />shall be void and said premises released at the expense of the Mortgagor; otherwise to be and remain in fullJorce and_ effecL
<br />
<br />* This option my not be exercised by
<br />the rrortgagee when the ineligibility
<br />for insurance under the National
<br />Housing Act is due to the rrortgagee I s
<br />failure to remit the rrortgage insurance
<br />premium to the De~t of Housing
<br />and Urbal1. Develoj:tIla<"lt.
<br />
<br />LJ . ~
<br />LJalii'i~
<br />
<br />/1
<br />,,-- ..." -' - -'"
<br />u
<br />
<br />
<br />[SEAL)
<br />[SEAL]
<br />[SEA!.]
<br />
<br />IN WITNESS WHEREOF, the Mortgagor(s) ha ve
<br />above written.
<br />
<br />hereunto set their
<br />
<br />r:1 presence of:
<br />
<br />w~
<br />
<br />STATE OF NEBRASKA,
<br />
<br />COUNTY OF Hall
<br />
<br />On Ibis 29th day of
<br />notary public
<br />
<br />} ss:
<br />
<br />August ,A,D, 19 84, before me,
<br />in and for said County, personally came
<br />
<br />Danny R. Ryan and Peggy J. Ryan, Husband and Wife
<br />
<br />to be [he idemicai persons whose name s are
<br />going instrument as Mortgagor, and they have
<br />execution thereor to be their
<br />
<br />, personally to me known
<br />affixed to tbe above and fore-
<br />acknowledged the sai.d instrument and the
<br />voluntary act and deed. for the purposes therein expressed,
<br />
<br />In testimony whereof, I have hereunto set my hand and affixed by notarial seal at Grand Island, NE
<br />on the day and date last above wriUen, ",1 j) A ,
<br />--..--........... ~ /' ~ t~)
<br />SIWllIN It'" .
<br />.,c...Ilrt....,. Notary Public
<br />
<br />STATE OF NEBRASKA
<br />
<br />ss
<br />
<br />Filed for record this
<br />at o'clock
<br />recorded in Book
<br />Page of
<br />
<br />day of
<br />
<br />A,D,I9 ,
<br />1.1.. and entered in Numerical Index, and
<br />of Mortgages, on
<br />
<br />Register of Deeds
<br />
<br />l
<br />
<br />GPo !l.97-t\DJ
<br />
<br />HU{).9;1143M (9. J91
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