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impravemen{s to be made pursuant to said building load agreement shall not be carried on with reasonable diligence, or shall
<br />be discontinued at any Lime for any reason other than strikes or lock-outs, the Mortgagee, aftec due notice to the Mortgagor
<br />ar any subsequent owner, is hereby invested with full and complete authority to enter upon the said premises, empiay
<br />watchmen to protect such improvements from depredation or injury and to pr serve and protect the personal property
<br />therein, and to continue any :rod ail oukstanding contracts far the erection and completion of said building ar buildings, to
<br />make and enter into any contracts and obligations wherever necessary, either in its own name or in [he name of the
<br />artgsgar, aid to pay and disetaarg€; all debts, obiigutiorts, and iia'r~iuties incurred iitereby. qil such sums so advanced by the
<br />Mortgagee {exclusive of advances of ftte principal of the indebtedness secured hereby) shall be added zo {he principal of the
<br />indebtedness secured hereby and slxall be secured by this Mortgage and shall be due and payable an demand with in±erest at
<br />the rete specified in the Note, b*rt no such advances shad be insured unless same are specifically approved by the Secretary of
<br />lionsing and Urban Development; acting by and through the Federal Housing Commissioner prior to the making thereof, Ttie
<br />principal sum and other charges provided for herein shall, aY the option of the mortgagees or hokter of this Aiortgage and the
<br />;.tote sec[[rrxl hereby, berme due and payab%e on the failure of fire Mortgagor to keep and perform any of the covenants,
<br />conditions, and agreements of said building loan agreement. This covenant shall be terminated upon the completion of the
<br />improvements to the satisfaction of Yhe Mortgagee and the making of the final advance as provided in said building loan
<br />agreement;
<br />{9. That the Mortgagor covenants and agrees that so long as this Mortgage and the said Note secured hereby are
<br />insured under tl[e provisions of the National Housing Act, or held by -Yhe Su-retary of Housing and Urban Development, it
<br />will not execute or file for record any instrument which imposes a restriction upon the sa}e or occupancy of the mortgaged
<br />property on the basis of race, color, or creed;
<br />20. That as additional and collateral security for the payment of the Note described and alt sums to become due
<br />under this Mortgage, the Mortgagor hereby assigns to the Mortgagee alt profits, revenues, royalties, rights, and benefits
<br />accruing to the Mortgagor under any and all oIl and gas Yeases on said premises, with the right to receive and receipt for the
<br />same and apphy them to said indebtedness as wetI before as after default in the conditions of this Mortgage, and the
<br />Mortgagee may demand, sue for, and recover any such payments when due and payable, but shall not he required so to do,
<br />This assignment is to terminate and become nail and void upon release of this Mortgage;
<br />21. That if Yhe Mortgagor fails to make any payments of money when the same bewnu: due, ar fails to conform W
<br />and comply with any of the conditions or agreements contained in this Mortgage, ar the Note which it secures, then the
<br />entire principal sum and accrued interest shall at once became due and payable, at the election of the Mortgagee; and this
<br />Mortgage may thereupon be foreclosed immediately for Yhe where of said money, interest, monthly payments, casts, ground
<br />rents, taxes, aad the cost of extending the abstrac[' of title from the date of this loan to the time of €ammentang such
<br />foreclosure suit, all advances and interest, and a reasonable attorney's fee, alt of which shall be included in the decree a€
<br />€oreclosure; and the contract embodied in thu Mortgage and the Note secured hereby, shall in all respects be governed,
<br />construed, and adjudged by the laws of Nebraska, where the same is made_
<br />The covenants herein contained shalt bind, and the benefits and advantages shall inure to, the respective successors and
<br />assigns of the parties hereto. Whenever used, the singzdaz number shall include the plural and the ptaral the singular,
<br />The foregoing conditions, all and singular, being performed according to their natural and legal import, this eonveyana
<br />sha21 be void and said premises released at the expense of the Mortgagor; otherwise to be and remain in full force and effect-
<br />IN ~ITNSSS ~VFIERBbF, ~R said Mortgagor has caused these presents to be signed in its name by its Pre _' ` .t,
<br />attested by its Secretary and its corporate seal to be hereunto affixed the day and year fast above Witten.
<br />CtaeLcg A,onP?!~c?:TS. LTD
<br />,~, MSD-CC1i'1T
<br />1 Prc.~ent
<br />I e presence o€- t ~' ti !~ i
<br />~ ~~~
<br />MILAN BISI-{, P~'EcT~~.,a•>~~,,s' ~`sy v
<br />(CQRPff~ 3E ~ ~ t F ~-_•
<br />STATE OF NESI~ASKA 3 _ 1 ,t ' Via) ''sf
<br />COUNTY OF t-iALL sr: ~ ' ' -v ~
<br />? u?u? ~ ~~. 1` ,z
<br />On this G Es'"~ daY of QECEMEER , 14 73> before me, I ~~-n ~ /~ P-~ yt, ~~`~'
<br />is and far said Couaty, personally came the above-nsmed pglLp{q p, DISH, ~ - -~ ~~e ~s t _
<br />{~ MID-CJiJTI ISES, INC. , ORAL PARTt~R (]F CHALET APARTh~NTS, 'LT~'. `~
<br />• > who are
<br />personally known to me to be tho identical persons whose names aro affixed to the above mortgage as
<br />President 1~CXXXXXXXk}JC{;ftXXX~pWt~C of said corporation and each acknowledged the instrument tolse his voluntary
<br />act and deed and the voluntary act and deed of said carpararion. Witness my hand and .~4 ~t-ei t ~ seal the date last
<br />aforesaid.
<br />My cammiss{an expires on the ? 5 ~ day of ~ u °, H ~ ¢' , l q $
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