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10. That the Mortgagor will keep the buildings upon said premises in goad repair and neither commit nor permit waste
<br />upon said land, nor suffer the said premises to be uscd for any unlawful purpose.
<br />t t. That if the premises, or any part thereof, be condemned under the power of eminent domain, or acquired for a public
<br />use, the damages awarded, the proceeds for the taking ot, or the consideration for such acquisition, to the extent of the full
<br />amount of indebtednes upon [his mortgage and the note which it is given to secure remaining unpaid, are hereby assigned by the
<br />Mortgagor to the Mortgagee, and shad be paid forthwith to said Mortgagee to be applied by the tatter on account of the next
<br />maturing instaltments of such indebtedness.
<br />12. The Mortgagor furtber agrees that should this mortgage and the note secured hereby not be eligible for in-
<br />surance under the National Housing Act within 60 days Erom the date hereof (written statement of ary officer
<br />of the Department of Housing and Urban Development or authorized agent of the Secretary of Housing and Urban
<br />Development dated subsequent Yo the 6 0 days time from the date of this mortgage, 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 a1I sums securred hereby immediately due and payable.
<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 />comp}y with any of the conditions or agreements contained in [his mortgage. or the note which it secures, then the entire princi-
<br />-patsum and accrued interest shall at once become due and payable, at the election of the bfortgageet and this mortgage may
<br />thereupon be foreclosed immediately for the whole of said money, interest, monthly payments, costs, ground rents, taxes and
<br />the cast of extendingthe abstract of title from the date of this loan to the time of commencing such foreclosure suit, and a rea-
<br />sonable attorney's fee, all of which shall be included in the decree of (foreclosure; and the contract embodied 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 hereta. Whenever used, the singular number shall include the plural, the
<br />plural the singular, and the use of any gender shall be applicable [o all genders.
<br />The foregoing conditions, all and singular, being performed according [o 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 full force and effect.
<br />iN WPPNESS WHEREOF, the Mortgagor(s) ha hereunto set hand(s) tltc day and year first
<br />above written.
<br />In presence of:
<br />~ ~ [SEAL]
<br />~ James N. ipps
<br />~~ p [SEAL)
<br />C~.I~La.Cb1'L..t - - -fl~.'~ i>> [SEAL )
<br />Louann Phipps
<br />(SEAL}
<br />(S£AL]
<br />- GPO 9/1.118
<br />STATE OF NEBRASKA,
<br />COUNTY OF HALL
<br />J ~-
<br />Onthis 28th da>' ~ June . A.D. 197 9 .before me,
<br />a Notary Publ ie in and for said Counry. personally came
<br />James N. Phipps and Louann Phipps, husband and wife
<br />, personally to me krtown
<br />to be tie idcatical person slvhose names are affixed to the above and fore-
<br />goitlginstntment as Mortgagor, and they have acklrowlcdged [be said instrument and the
<br />txecution thereof to be their voluntary act and deed. for the purposes therein expressed.
<br />>n tutitnony whereof, I have hereunto set my Hand and affixed by mfr seal at Grand Island , NebTdska
<br />on the day and date last above written. /,°[~/~ /
<br />~r l - L~/I~r»rJ ~~~, I lIYJIJVl-P/
<br />+ tHELt tttltARq - Irate p tlMrup Notary pubtic
<br />EtJtttVE L_ STf7AldECK
<br />~ 'a': Lo-:;~,
<br />SPATE OF NEBRASKA ----,--..u_.__ `"a-~ AL
<br />Ft7a1 #or recak+d this day of A.D. 19
<br />at o'clock M., and entered in Numerical Index, alai
<br />rac9rde~ in Roof of Mortgages, on
<br />o!
<br />Register of Deeds
<br />F MA~211aA9 11 Q-771
<br />
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