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<br />84-
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<br />005970
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<br />the property otherwise after default, the Mortgagee shall apply, at the time of the commencement of such
<br />proceedings, 0:: k;!! ih~ time th~ p!operty is nthf:fwise- acquired~ the amouiit then remaining to credlt of
<br />Mortgagor \!!lder (a) of paragraph 2 preceding, as a credit on the interest accured and unpaid and the
<br />balance to the principal the~ rer::::i~i::g u~p3id an said !!ote.
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<br />4, The lien of this instrument shall remain in full force and effect during any postponement or exten-
<br />sion of the time of payment of the indebtedness or any part thereof secured hereby,
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<br />5. He will pay all ground rents, taxes. assessments, water rates, and other governmental or municipal
<br />charges, fines, or impositions. levied upon said premises and that he will pay all taxes levied upon this
<br />mortgage, Of th~ debt geeuri:o thereby, together with any oth~r tax.~e or assessments \vhich !11ay be l.evied
<br />under the laws of Nebraska against the Mortgagee, or the legal holdel' of said principal note, on account of
<br />thiB indebtedness, except when payment for all such items has theretofore b~n made under (a) of para-
<br />graph 2 hereof, and he will promptly deliver the official receipts therefor to the Mortgagee, In default
<br />thereof the Mortgagee may pay the same,
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<br />6~ If he fans to ]:)aY any sum or keep any c-ovenant provided for in t.his M.ortg!tge~ the Mortgagee, at
<br />jtJi option. may payor perform the same. and an expenditu:n!lj ;:jU lllatlt:: .shaH b€ ad~-e:d to the principal sum
<br />owing on the above note, shall be secured hereby, and shall bear int.erest at the rate provided for in the
<br />principal indebtedness until paid,
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<br />7, Upon request of the Mortgagee, Mortgagor shall execute and deliver a supplemental note or notes
<br />for the sum or sums advanced hy Mortgagee for the alteration, modernization or improvement made at the
<br />Mortgagor's request; or for maintenance of said premises. or for taxes or assessments against the same,
<br />and for any other purpose elsewhere authorized hereunder, Said note or notes shall be secured hereby
<br />on a parity with and as fully as if the advance evidenced thereby were included in the note first described
<br />above. Said supplemental note or notes shall bear interest at the rate provided for in the principal indebt-
<br />edness and shz.H be payahjp in approxinla!:l~~ ~equ~l monf '..: '?-yml~nt..q ~Ol" 8-u(~h period ~ may be agreed.
<br />upc:n by the Mortgg,,tee and Mortgagor. ~ alhng' to g-;r-~l- _hi Lne mR.tu~It-_< the \vhole of 1;;he sum or s~!r;s
<br />so advanced shall be due and payable thirtv (30) r!.,," aJ.ter deL.and by the Mortgagee. In no event shall
<br />the maturity extend beyond the Ultimate maturity 01 me note first describeci above,
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<br />8. He hereby assigrul, transfers and sets over to the Mortgagee, to be applied toward the pa~'IlIent of
<br />the note and all sums secured hereby in case of a default in the performance of any of the terms and con-
<br />ditions of this Mortgage or the said note, all the rents. revenues and income to be derived from the mort-
<br />gaged premises during such time as the mortgage indebtedness shall remain unpaid; and the Mortgagee
<br />shall have power to appoint any agent or agents it may desire for the purpose of renting the same and
<br />collecting the rents, revenues and income, and it may payout of said incomes all necessary commissions
<br />,,,,r1 "xnen""a incurred in renting and mana!finll' the same and of collecting rentals therefrom; the balance
<br />~emaining, jf any, to be applied toward the discharge of said mortgage indebtedness,
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<br />9, He wiil continuously mlUnt8im~a. Jl\liI1I:atiel), of such type or types and amounts as the Mort-
<br />gagee may from time to tim& re",re, OI}:\4~.jl;np' is now or hereafter on said premises, and c:xcept
<br />when payment for ali such pmw~i!'~' ade under (a), of paragraph 2 hereof, will pay
<br />promptly when due any premIUms me. thereof. Mortgagee may pay the same. All
<br />insurance shall be carried in companies approved by the Mortgagee and the policies and renewals thereof
<br />shall be held by the Mortgagee and have attached thereto loss payable clauses in favor oland in form
<br />acceptable to the Mortgagee. In event of loss Mortgagor will give immediate notice by mail to the Mort-
<br />gagee, who may make proof of loss if not made promptly by Mortgagor, and each insurance company
<br />concerned is hereby authorized and directed to make payment for such loss directly to the. Mortgl,\gee
<br />instead of to the Mortgagor and the Mortgagee jointly, and the insurance proceeds, or any part thereof,
<br />may be applied by the Mortgagee at its option eithcr to the reduction of the indebtedness hereby secured
<br />or to the restoration or repair of th.. propert)' damaged, in event of foreclosure of this mortgage; Mother
<br />transfer of tiUe to the mortgaged property in extinguishment of the indebtedness secured hereby, all
<br />right. title and interest of the Mortgagor in and to any insurance policies then in force shall pass to the
<br />purchaser or grantee,
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<br />10, As additional and collaterai security for the payment of the note described, and ail sums tobeeorne
<br />due under this mortgage, the Mortgagor hereby assigns to the Mortgagee aU lease bonuses, profits, reve-
<br />nues. l'Oyalties, rights and other benefits accruing to the Mortgagor under any and ail oil and gas ~
<br />now, or during the life of this mortgage. executed on said premises, with the right to receive and fij{;-eipt
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<br />~~~::I~~l:~~ea~~= t~:;ige~~~~~e;'~:e~::nde~~t;;~: :~~r P~~~~~~~:nd~:~~ns~~
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<br />but shall not be required so to do, This aSSigTlment is to terminate and become null and void upon release
<br />of this mortgage,
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<br />11, He shall not commit or permit waste; and shall maintain the property in as good condition811at
<br />present, r-easonabie wear ami tear """"I>t"o, Upon any illiiure to so maintain, Morigagee, at its option,
<br />may cause reasonable maintenance work to be performed at the cost of Mortgagor. Any amounts paid
<br />therefor by Mortgagee shall bear interest at the rate provided for in the principal indebtedness,shall
<br />th~reunon bernme a nart ()f th~ indehtednes.,s secured hv thLq instrument. 't"Ai:.a.oiv Ann on a oar-itv with an
<br />other i~d';bted~~ ~u~ed-hereby, and shal! be payabl~'thirty (30) daysafterdeman-d. -. ,-.--. . -. .
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<br />12. H~ will not execute or file of record any instrument which L.~ooaes a- restri-ctiuii iIuo~ t.h~ ~~--..If
<br />occupancy of the property described herein on the basis of race. color or creed. -
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<br />13. If the premises, or any part thereof, be condemned under the power of eminent domain. or acquired
<br />for a public uSe, the damages awarded, the proceeds for the taking of, or the consideration ,fOflluch
<br />acquisition, to the extent of the full amount of the remaining unpaid indebtedness secured by this mort-
<br />gage, !Ire hereby assigned to the Morig3g~, and shaH De paid forthwith t.o Baid mortgagee, to be allpiied
<br />on aeoount of the last maturing installments of such indebtedness.
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<br />H. If the Mortgagor fails to make any payments when due, or to confonn to and comply with any
<br />of the conditiollS or agreements contained in this mortgage. or the notes which it secures, or if the Mort.
<br />gagor be adjudicated bllnkrupt or made defendant in a bankruptcy or r_ivcnhip proceeding, t.lwnt.~
<br />entiN principal sum and accrued interest shall at once become due and payable, at the election of the Mort.
<br />p.gee; and this ItlQrtga(e may theNupon be foreclosed immediately for the whole of the indebtedne.tl8
<br />hereby secuNd, including the cost ()f extending the abstraet of title from the date of thillltlQrtgage to the
<br />time of t._cintr such lIuit, a reasonable attorney's fee. and lIny sums paid by the Veterans A.dministra-
<br />tion on ~nt of the guarant)' or inlll1r&nce of the indebtedneu secured hereby, all of which shall he
<br />ineluded in tiw decree of forec:108Ure.
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<br />IS, ntle38 UniUld 8tat.et1 C'.<ide, and the Reculationll iMued the~ullder shall govern t.he ria'his. duti"
<br />and llabiliUlla of .the ~ hereto, and any provisions of this or other iMtruments executlld in Wnll,ection
<br />with ~l i~ which 1m!' inoonai&t&nt with said Tithl or R~lationjj are hemby amended And
<br />5Q~l\t.fd W wnfllnn thereto,
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