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<br /> 'M'� ' � 3. T6e mortgagor covenante and agreee that if he rhali fail to pay eaid iodebtedneee or an�• part t6ereof when :
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<br /> r ,�,.l,due, or ehall fail to periorm any covenent or agreement of this inetrament or the promieaory note eecured hereby, the -
<br /> � "��'mtire indebtednees hereby eecured shell immediately bec:.n�e dua,. payable, ' and co}lectible without notice, at the :
<br /> s�*opuon of the mortgag� or aaeigna, regardleee of matnrity,•:an.3 the mort�agee or hie aneigns mey before or after entry '
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<br /> i .aell eaid property without appraieement / the mortgaqor 'fiavingwaived aud anei�cned to the mortgagee all righte of
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<br /> j ,,.apQraieement} : . '
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<br /> ( t j at judicia2 eale •purouant to the proviaione of 28 U.S.C. 2001 1 a ) ; ur
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<br /> , ; (n) at the option of the mortgagee, either by auction or by eolicitatioa of eealed bide, for the higheet and !
<br /> beet bid complying with the terma of nale and manner of paymmt apeci6ed in rhe published notice oF sale. &rst
<br /> giviag four weeks' notice of the time, terms, and place oE euch eale, bv xdvertieement not le� than unen
<br /> ' during each of eaid four weeke ia a newepaper pub]ieked or dietributed in the couaty in w6ich esid property
<br /> ia eitvated, all other notice being hereby waived by the mortgagor (and eaid mortgagee, or any pereoa oa
<br /> behalf of eaid mortgagee, may bid with the unpaid indebtedness evidenced by eaid note ) . Said eale ehall be
<br /> ' j " held at or oa the property to be eold or at the Fedecal, county, or city courthouee for the county in which the
<br /> ; property ia located. The mortgagee ie hereby anthorized to ezecute for and on behalf oC the mortgagor and w
<br /> ;., - j deliver to the purchaeer at euch eale a eu�cient conveyance of aaid property, which conveyance ehall contain
<br /> � recitala ae to the happening of the default npon which the execution of the power of sale herein granted
<br /> depende ; and the aaid mortgagor hereby conetiarten and appoiate the mortgagee or aay agent or attorney of the
<br /> ; mortgaga,y t}ae ageat . pad attorney in Yact of aaid mortgagor to make euch recitals and to execute eaid '
<br /> ; � conveyance and hereby coveaanta and agreee -that the recitale eo made ehall be effectnal to bar all equity or "
<br /> ; ; , right of redemption, homeatead, dower, und all other exemptione of the mortgaKor, all oCwhich are lierebj• :;,
<br /> y eacpreesly waived and conveyed to the mortgagee ; or
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<br /> � ' (tii)' teke any ''othei appropriate action �ureUant to eta(c or P'ederal etatute either in atate ur Federal
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<br /> ; . ' conrt' or otheewiee for the diepoeition of the property. � _, ,
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<br /> ; � Ia ._tLc evmt of'a'e'aIe �aa heieinbefore provided, the mo=tgagor or aay per"eons 'ia poeeeeeion nnder tlte mort• ; ,
<br /> � gagoz ehall then become and be tenante .6olding over and ehall forthwifh �Ieliver poeeeeeioo 4o the puiehaeer ' at � :
<br /> � euch eale_o; bawanmm�rily, diepoeeeeeed, in accordance with the provieiona: oE law, applicable to tenanta holdiag 'over.
<br /> The power and agency hereby granted are coupled with an intereet and are irrevocable by death or utherwiee, and
<br /> ! are granted ae cumulative to the remediee for collection of eaid indebtedneee provided by la�r.
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<br /> � 4 The proceeds of aaj eale oF,sasd,,piropett�.in accordance with the preceding- paragraphs s6a11'-bo--applicd-firet
<br /> � w pay 41ie coete and enxs of"said`ral '�dieey�"ex"�e,a�e¢e iacurred hy t6e mortgagee for ehe purpoee oF protecring or main-
<br /> � taining eaid property, and reaeonable attomeye' feea ; eecondly, to pay, tlie.indebtedneea secured hereb� ; and thirdly,
<br /> , to pay any enrplue or eiceee to the pereon`oi pereoae legally entitled-ihereto. ;
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<br /> ' 5. In-the event`aai$ p;opetty ie eold at a judicial forecloeure eale or pnreuant 4u the power of eale hereinabove
<br /> ' £ ante and the roceede are not an6icient to
<br /> j g� a, p , pay xhe wtal indebtedneea 'eequred bo_i}iis inetruaierit �anil eavid�nced bp
<br /> � eaid promiesory no}e, the mortgagee will be eatitled to.a deficimcy+judgment for t6e amount of the deficiency urithout ;
<br /> � regard to appraiaement.
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<br /> i 6. In the eveat the mortgagor faile to pay any Federal, etate, or local tux aaeeaement, income tnx or other tu�
<br /> .: i � lien, charge, fee, or other expenee charged againet the property the moregagee ie hereby authorized at hia nption tu
<br /> . ; pay the eame. Any eums ao paid by the mortgagee ehall be added to and become a part of the principal amount oC thc
<br /> { in�lebtedneee evidenced ,by, eaid note, enbject to the eame terms and conditione. If the mortgagor eLall pay and
<br /> ' { diecharg�. i6e indebtedaees evideaced by, eaid promiaeory aote, end ehall pay euch sums and shell diacharge all
<br /> , j tszee.and lieos.and tl:e coeta, Icea, and ezpeneea of making, enforcing, and �ecuting this mortgage, shen thie mortgage
<br /> j rhall be canaeled�and eurrandered. ,
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<br /> ?. TLe covenants hetein contained ehall bind and the benefiu and advantagen el�all inure w the rresprctive euo-
<br /> ; «esote and �s of the p:rtiee hereto. Whenever used, the eingular aamber �6a11 include the plvral, the plvral the
<br /> , i siagnLr, and t6e aee. of en9 Bender shall inelnde all gmden.
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<br /> '� 8: �To waiver of any covenant herein or of the obligadou eecured hereby dhall at euy time tl�errxfter be held '
<br /> �' � to be a waivu of_the tesme ]�ereof or of the. note eecund hereby.
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<br /> �' � » 9. A judieial>decree, order. orjadgment holding any proyieion or portiou ,of thix iudtrumeaa invulid ur unun- I ' �'
<br /> f j , froreeable �hall not ia �ny:way -impair or preclude the enforcement of the remaining provieione or portione of thia ' *
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<br /> _� � S1Qxr`tlay�written'aotice�tabL�resned'to�the�morlgigorput9piianC'•tb� 'tke prnvieione� �of� thie �'iaetrmnent �, shall be ad• `�� t 4 ,�`'y��
<br /> ; ,; �zeeJed�eou., mor�aRorac Rural Route # 3 Box 43 , Wood River , Neb . 68883 "'"'" '
<br /> `' � and any writun aotice to be ieeued to the mortgagee ehall
<br /> be addre�.ed so ehe moregagee at 1101 12th Street , Aurora , Neb . 68818
<br /> , SaA FORM 928 (2.79) � ` �
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