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~~~ a1U~~~r~ <br />the property otherwise after default, the Mortgagee shall apply, at he-time of the commencemeirt of such <br />proceedings, or at the tirse the property is otherwise acquired the amounf t<`ien remaining to credi of <br />Moktgagor under (a) of paragraph Z preceding, as a ctedi# on the interest accused and unpaid sad the <br />6atance to the principal:. then remaining unpaid on said note. <br />i 4. The Lien of this instrument shaiE remain in full force. and effect during any postponement of exter,- <br />I sign of the. time.of payment of the'indebtedness orany Bart thereof secured, hereby. <br />5.. fIe wi}l pay all ground rentsa taxes,`assessments, water rates; and other gorernmenta] or=municipal <br />charges: fines, or impositions, levied: upon said premises ard'that he will pay all taxes levied upon this <br />mortgage, or :the .debt secured thereby, together with any other taxes or assessments which may be levied <br />under the laws of Nebraska agsinstthe Mortgagee, or the legal holder. of said principal note, on account •:>f <br />this indebtcdtt~s, .aceptr vrhea payment fQr all such items-has cheretafare taeen made tti~tder (a} of pnrn• <br />.graph 2 hereof, and he ..-13 premptIy d~livgr the gf€~ia] rs~igt~ #ht'rvfsr t4 #itg :43srrt&aSSe, In default <br />.... <br />ttieite8f file ~Sortgi-gee iiitay pay 4~ie same.. <br />6. If he fails :o pay any sun or keep any covehant provided for in this ~Sortgage, the Mortgagee. at <br />its option, may pay or perform the same, and aiI expenditures so made shall be added to the principal sum <br />awing on the above natal shall bo secured het~by, and shall bear intr:rest at the rate provided for in the <br />pnncipal,ndebtedaeas anEil paid. <br />7. T3pon request of the Mortgagee; Mortgagor shall execute and deliver a supplemental note or notes: <br />for the sum or soma advanced by Mortgagee for the. alteration,: modernization. or improvement node at the <br />Mortgagor's request; ar for mainienance of said premises, or for taxes or assessments against the same,.. <br />and far any other; purpaee elsewhere authai•ized hereunder, Said :note ar notes shall be secured hereby <br />on a parity with sad as fully as if the advance evidenced L~rereby were included in the note first described <br />shave. Said supplemental note or notes stroll bear interest at the rate provided for in he priitcipai indebt- <br />ednear and shall be payable in approximately equal monthly payments for such period as may be agreed <br />opera by the Mortgagee and Mortgagor, Failing: to agree on the maturity, the whole of the sum or sums <br />so advanced shall be due sled payable thirty {34) days after demand by the Mortgagee. ; In no event shall <br />the maturity eattend beyond the ultimate maturity of the note first described'above. <br />8. Be trerehy assigns, trarafers and sets aver to the Mortgagee, to be applied toward the payment of <br />the note and all soma secured hereby in case of a default in the performance of any of the terms and con- <br />- ditions of: this ll[ortgage ar the said. note, a!i the rents, revenues and income to be derived from: the mort- <br />gaged premises during each time as the mortgage indebtedness shall remain unpaid; and the Mortgagee <br />shall have power to appornt any agent ar agents ;tt maydesire for the purpose o£ renting the same and <br />collecting,the rests, revenues and income, attd it may payout of said incomes ail necessary commissions. <br />and expena~ incurred in mating and managing the same and of collecting rentals,therefrom ;the balance <br />remaining, if atiy~ to be applied toward. the discharge:. of said mortgage indebtedness. <br />9, kie will croatinuoualy maintain hazard insurance, afsueh type;ar tylres'and amcwnts as the 11Sort- <br />gagee may from time to time require. nn the improvemEnts now or hereafter ail said premises,aitd eiccept <br />when payment far all such premiums has theretofore been made under: (al «f paragraph 2 hereof, will pay. <br />promptly when due any premiums therefor: Ilpoa default thereof, Mortgagee may :pay the .same. ?ill` <br />insurance shall be carried in campaaies approved by the Mortgagee and the'po]iciesand renewals thereof <br />shall be held by the Mortgasee sad have attached thereto loss psyabt+~ clauses in favor af'and. in forth <br />acceptable to the Mortgagee. In event of lams Mortgagor +r~ilt give imm,~diate noticie b} mail to the NCorL <br />gagee, who may nutke proof of loss if not made prampuy try ortgagor, slid each insurance-company <br />concerned ix hereby :uthorixed and directed to make payment far such Iuss dircY~tl} to the lortgagee-- <br />instead of to the Mortgagor sad the Martgs.~ee jointly, and the insurance proceeds, qtr any part thereof, <br />may be applied by the Mortgagee at its opttan either to ttre reduction trf the:indebtedness hereby sc~cvred <br />or to the restoration or repair of the property damaged. f n evens of fareciaaure of this mortgage, or other <br />transfer of title to the rrtortgaAed property in extinguishment of the indebtedness secured hereby, all <br />right, title and interest of the Mortgagor in and to any :nauranre policies then in force shall pass td tare <br />purchaser ar grantee. <br />10, As additional sad collsterai security for the payment o€ the note descrllx d, and all sumsto become <br />due under this mortgage, the Mortgagor hereby assigns to the Mortgagee all lease bonuses, profits, rewe- <br />Waco, royalties. rigltb slid other benetrta accruitsgg to the Martgagor'under any and all oi] and gas ]eases <br />-now, ar daring the Life of this mortgage, executed on said premises, with the right to receive and receipt <br />for the same and apply them to said indebtedness as wrll trefore as after default in the:randitions of this <br />mortgage, sad the Mortgagee may demand, sue for and recover arty such payments when due and payable, <br />but shall not be required ao to do. This assignment is #o terminate and become null and void upon release <br />of this mortgage. <br />ll..He shall not commit ar permit waste; and shall maintain the property in as good condition as at <br />present, re3aonable wear and tear excepted. Upon any failure to sn maintain. Mortgagee, ants rrption,' <br />may cause reasonable mainkenance work to be performed at the cast.of'Mortgagor. Any;amaunts paid <br />therefor by Mortgagee shall bear interest at the rate provided for in the principal indebtxrlness, shall <br />thereupon become a part: of the indebtedness secured by this instnrment, ratably grid on a parity with all <br />oth~ec• indebtedness secured hereby, and shall be payable thirty !34) days after demand. <br />I$. He will not execute ar file o€ recardany instrument which imposes a restriction upon-the sale ar <br />occupancy of the:property described herein on the basis of race, color or creed. <br />13, -Tf the premines; or snypart thereof, be condemned rAnder the powrer of eminentdomain, oracquired <br />for a-)rublic use, the damages awarded, the proceeds €or the taking. of, ar the consideration far such. <br />acquiattran, to the ercteat of thie full anoutit of the remaining unpaid rndebtedness secured by this mart- <br />gage, are herebyaasigned tb the Mortgagee, and shall be paid forthwith to said Mortgagee, to be applied <br />ou account of *.he last maturing installments of such indebtedness. <br />g. if the Mortgagor. fails to make any payrttents wheat due. rr to conform to and. comply with any <br />cf the conditiotvq or agreements contained in this mortgage, or the notes which it secures, or if the .Mort <br />gagor be adjudicated twnl<rupt or made defendant in a bankruptcy or receivership proeeedrng, then the <br />eatrre nrrncapa] soar and ac~~nred r merest shall at once become due and payable. at the election of the Afort- <br />i ~gat~gevv and this mortgagee may titereupoa be foreckrsed immediately for the whole of the indebte~clness <br />hereby rorcvred, including ttre must of extending the atratract o€ title frorr+ the date of this mnrtga>xe to the <br />time of commencing such suit, a reauonable attorney's f~, and sac soma paid by the Veterans Administra- <br />lion on accw,rnt of the guaranty or inxucattce, oftine indebtedr~eas z3'rtured hereby;. all: m€ which" shall be <br />inciu3rd in the decree of forrcknsure. <br />t;ti. 'I"~tle? $8 t united Stat.ca C,'rxie, ~+nd the I2eguia#itir,x issued therouuder shall govern tire ritgnta. duties <br />rtr~d ilazrilit:~ eri the ira,r-ti~ lynreta, aril any prowisir~na r,; this car vitrrz instreenaenta axe:: ut~xi io ~: vntt~iion- <br />with raid int4+gtttednu wrtich arc ina{rnrristrnt xith sai,~ Title or Regulations art- lterel~y tustendeci and <br />atrlspistxasrr'.ad to cxnfat~.t thereto. <br />