|
, � �
<br /> ' ,;,,
<br /> �: ` ?T- (1U040 � ` ,
<br /> ;
<br />' ? 3. The moMqagor coven�ntn and ' agrces lhnt iC, he Fhell [Ail to pa�• said incic6tcdneee or nu� part therco( ti•hen ;
<br /> � duc. or ehnll Inil lo p�:form an�• covcnnnl or ogrcamcnt of ihin intlrnmcnco'r thc promishory nntc r•ccurcd hr,rchy, the ,
<br /> : '' entirc inJebtedncaa hercby «tcnrcd phall inunediately become �ue, pa}�ahlq nnd collectible M•itheiit nalice, at lhe . ; ;
<br /> r` ; epdon oi thc mortgagce or rr,�ignh re�nrdlcee nf matmity, and the mortgngee or hin eeaiFne mav hcforc or aCter entr�• `
<br /> ; , rell Kaid propertp H•ithont appreiKcmcnt (the morignaer: ha�•ing.wai�•cd an�i axtii�cnctii to 1hc mnrtgagee al1 righlE of :
<br /> ,
<br /> �� apprxiecment) :
<br /> �
<br /> 3'$ lt ) a► judiciel calcq�ur�uant to thc pm��inione of 28U.5.C. 2U01 1a ) ; ur ' ' `
<br /> g � � � � � ; � t '<.
<br /> �
<br /> g (tt) at the option oF thc mortgagcc, eithcr by nuction or bp eolicitaiion o[ eealed bida fot tite higheat and
<br /> , $ bettbid complying with thc terme of Fale and manncr o[ payment epcci6ed in thc publislicd nolice or Eale, $ret '
<br /> giving fonr N•ceka; tiolicc nf the time, tcrnis, and �larc o[ wch halc, h�• advet�irement notic�� tl�nn �mcc ° `E$
<br /> � � during caeh nf uid four w•eeke in a new�apaper pnbliehed or dietributed in the eounty in h•hich eaid property
<br /> � � , ' ie aituated, all othet noticc being hcrc6y w•aircd b}• thc mortgAgor { and . �aid mortgngce, ar atty pereon on
<br /> " � bchal{ o{ eaid mortEagce; may bid M•ith the unpaid indcbtednecµ ceidenced 6y enid note) . Said tale ehell be = c'
<br /> �
<br /> '' � . ficid at or on thc property to bc aold or et thc Fedcral, county, or ciq• courthouee (or thc countp in Mhich thc
<br /> 4 � P�Pert}• ie locatcd:Thc mort�agcc ie hcrehy authorizcd to exccute tor and on behalf of thc mortgagor and to
<br /> � dclir�er to the parchascr af 6uch anle a aufficicnt com•c}•ance oi eaid ptopert}•, N•hich con�•eyance bha31 contain . '
<br /> I rceitals ae to :he. happcning of the default. npon K•hich thc caccution of the poN�er of �alc hcrcin granted �
<br /> s � depende; and thc aaid mortgagor hem6y rnnetitutca and appointa the mortgngee or any agent or at{orncy oI lhe ' ;
<br /> mottgagce, the agent and :attomey in tact of raid mortgagor to make . euch recitele and to execute raid { ` � { �
<br /> + I cor.�•eyancc add hcreby covenanta and x�reca ihat thc rccitals eo madc ahall be c}tecmel to bat alI equity or , `:
<br /> � ' right oC redcmption, homcatced, do�cer, and all otiicr exemjiliona of thc nSortRaRor, all ot irhich rre herehy " . i
<br />, 3, � ezhrc�lr M•ai�rd and com•e�� to the moctga�me; or ` � . ,";
<br /> s ' ` * '�
<br /> 1 ' . ,
<br /> � (tn ) take' any' olhet appropriatc ection pureuant to Ktatc or Federai elatulc either in �lHlc or f'cderal - ,
<br /> S ` � u�. . '�' ]
<br /> coutt oz oilirnsiac {or ihc diEpotitinn of ihc` properi} . ' ' '
<br />� � , tt , �
<br /> ° � Iri:the �eccnC of a ealc aE herci:tbe[orc provided, thc mortgagor or atty ,pecfone in poEecraion un�cr �the mort� ' �
<br /> gx�or, ehall thcn hccomc and bc tenants holding o�•er end Fhall foriha•ith , dclirer poFr•ecaion lo tlie putrharcr ai � �
<br /> ` � ' Fuch aalc or be summarily.diFpoe.�esced, in accordance H�ith the proviaions of laN' applicable to tenant5 hold�nF o��er �
<br /> . s The power,;and�agenc}' hcmby granted arc co�iplc�i ,�cith an intercEt xnd xrc irce�•ocable by dcath or othcrv��ee, ani� �
<br />� arc granted aa aimulal��c to thc remedica for collection of Faid indebtc:dnea� pro� ided hv iaH•. 4
<br /> �� . w:.:
<br /> ` + , z } .. .. } ?, ,; • , '
<br /> i - . . ?
<br /> j ° S.;'The ptocecde of �n�� aalc o[ Faid propert}• in acrntdance Nith the pmeding pata�aphe shall be applied fiiai. .
<br /> ` to pa} the coata and cxpcnrea of �aid talc, thc capeneea incurnd 6y the moKgagec for the purpoac et protec(ing ormain� , ,
<br /> ;� �aining xa�d propect� � and'isasonablc attnrne�•a' fecx ; eccondly� to pa?• tBc indebtedne�s eecared hereh�•; and thinik; . t
<br /> � to pav an� aurplaa or exccss to the petrton or Fcrrone icgall�� endticci thereta �
<br /> � . .;;: , „ , � .r: _ {
<br /> . :� '': .:., � ., , .E'. .;; ' ` : - . ; ` .. :
<br /> S. , IQ the ct�cnt a�id properiy in eold at a judicial foreclosurc Eale or puteuant to t�e poN�er of Falc hercinabo��e
<br /> •e
<br /> � 'y Erantcd, and thc procecda arc not aafficient to pay the total indcbtedncas +ecurcd b}• thie inetrument end e�zdenced bp '
<br />' * sxid promixorp notc, thc mortgagce Hill be cntitied to s dcficicncp judgment [or the amount oLthe de�Sdeney aarhout
<br /> p rcgar�d to appraisement. '
<br /> �
<br /> � . 6, In the e�•eut the mortgagor tailE to pa�• am- Federal, etate, or local tea ar�evmenl, income tax or utlier ia�
<br /> ' '1 lien, charge, fcc, orotlier capenee charged sgainet thc properi�• the tnongagce ie hcrcb�• authorized at hie ortion to
<br /> t
<br /> pa}• lhc rama Ans euma Fo paid b�• ihe mort�Zagce ehall be ad�3ed tn and becume a pTrt o[ thc rrinr.ipal amount of thc
<br /> indcbtcdner. e�idenced by Eaid note, rubject to tlic eamc terme and condidonr. If the mottgagor Fhall pap and
<br /> . ' diecharge the indebtedner�s c�idenced bp raid pmmiaeorv notq and . ehall pa}• nuch eume and chall diecltar�e all
<br />. , j , txzce xnd liecu and the corta, fcc� and ezpenrcE of mal:ing, enfoming, and executicut thie mottgage, then this mortgage
<br /> F , ' : •h�ll be canccled and cucrcndered. -' _
<br /> �
<br /> � i. The co1•enante hercin conteined �hall bind and tlic 6enefita and ad� xuta�Cee el�all inurc �u thc rc�petti�c aur
<br /> t cc.ec�re and assigne oE the partica hcroto. R'henever uccd, the eingular numbcr shall .includc the pinrxl, the plural thc
<br />� f ►in�dar, and the uec ,of anr �ender aha11 3nclude nll genden.
<br /> .
<br /> , � , , : ,_ ,
<br /> � . : "
<br /> "" 8: No .wai�=cr o[ anp co� cnent hcrcin or o[ thc obligation recnnwl heceL�• ehall at au� lime ►hcrceflcr bc_ held
<br /> �? to be a M•ai� er of 1he terme hcrco[ or oi ehe eotc necured hcreby.
<br /> : . _
<br /> , „ _ �
<br /> '
<br /> 9. A judicial dcccee. order, or judgment holding auy proviEiott ur purlion �[ thie inetroment inv�lid ur �men• "'F'� "�` �� .
<br /> . : .,. , : z ,
<br /> ,
<br /> totccablc ehall not in any Mag impair or preciude the enforcement oI thc rcmaining prov�rione ar portione of ►hi: N �z�`
<br /> � � inettvmcn�. , �• �f '
<br /> �.. .
<br /> � s =!
<br /> � ` Ib 'Any.wiitten aouEe to bc ireucd to the mortgagor pureuant m thc provieiona ot thi�s inetrument ehall be ad• � �' "
<br /> , '- drc�deoth� ,�o�.Rorae The F.irst itational` gank ' in Ord , Ord , tlebraska � G3862 " < =
<br /> � end anp_ writ{en notice to bc ireued lo the mor►gaRce Fhall
<br /> ; bc .d�co�.cdso�c6� moreg.�m nc - Grand Is land , ,�ebraska 68S01 .
<br /> ,, t � e ' ��!� � r, .
<br /> � _
<br /> � 50 � cORu o:e (. >3) � .
<br /> . -�..� . ... . . . . . . �. _ �.�. , . ,,,.,.� . . . . . . �, � . . . .
<br /> f
<br />
|