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010951
<br />.of all' holders of Notes at the time outstanding, to foreclose 'tile lien of this Mortgage as against all
<br />or any part of the Mortgaged Properties, and to have the same Lcl: under the juldgment or decrb�e of
<br />a court of competent jurisdiction.
<br />.12..2 Power of Sale. If any Event of Default shall have 6 curred and be 6ontinuing, Mortga . gee
<br />at any time may, �o far as permitted by the Nebraska Trust DI eds Act or othe�r applicable law';':sell,
<br />assign, transfer and deliver tile wholej or from time to time, a part of the M8rtgage Properties, or
<br />any interest in any. part thereof, at any private sale or at pu011 auction, with, or without derha'nd,
<br />advertisement or notice of the
<br />tinle 0 r place of sale or adjou,r1ment thereof or otherwise, for 'cash,
<br />or credit or for other property for irmediate or future delive y Without assu dit; risk,
<br />mption of cre
<br />and for such a price or prices and tor such term as Mortgagee, in its absolute discretion may aetermine,
<br />or as may be required by law.
<br />12.3 Mortgagee Authorized to Execute Deeds�, etc. Mortgag r irrevocably ap)oints Mortgagee ille
<br />true and lawful attorney of Mortgagor', in its name and stead'� and on its behalf, for tile purpose of
<br />effectuating any sale, assignment, trinsfer or delivery for the 6 forcement of this Mortgage, whether
<br />pursuant to foreclosure or power of sale or othe�wise, to execute and deliver A such deeds, bills of
<br />sale, assignments and other instruments as Mortgagee may considpr necessary or 'ppropriate, with full
<br />power of substitution, Mortgagor hereby ratifying and confirming all t its said attorney or any substitute
<br />shall lawfully do by virtue hereof. Neve�theless, if so requested by tgagee or a
<br />will ratify and confirm any such sale,1 assignment, transfer or c
<br />Mortgagee or, such purchaser all proper deeds, bills of sale, assig I I
<br />as may be designated in any such request.
<br />12.4 Purchase of Mortgaged Properties by Mortgagee, etc.'
<br />may be a purchaser, of tile Mortgaged Properties or of any par
<br />any sale thereof pursuant hereto, whether upon foreclosure or 6,
<br />apply upon the purchase price the inddbtedness secured hereby
<br />of such purchaser's "distributive share of tile purchase price.
<br />12.5 Receipt Sufficient Discharge Ito Purchaser. Upon any
<br />part thereof or any',interest therein pursuant hereto, whether ur
<br />otherwise, the receipt of the officer making tile safe under jud
<br />be a sufficient discharge to tile purchalser for 'tile purchase m(
<br />obliged to see to tile application thereof.
<br />12.6. Application of Proceeds of Sale. The proceeds of ar
<br />t therein pursuant hereto, whethi
<br />any part thereof or.'any interes I
<br />or otherwise, shall be applied to pay (a) the costs and expenses of
<br />tile costs and expenses of any receiver of the Mortgaged Prop
<br />or other charges prior to the lien of is Mortgage which the A
<br />pay, (b) other proper charges upon tile Mortgaged Properties or
<br />all accrued interest !on tile Notes and then to principal and at
<br />all such payments to be made ratably to the holders of the I`
<br />the Mortgagor.
<br />12.7 Right to Enter and Take Possession.
<br />(a) If an Event of Default shall
<br />of the Mortgagee, shall forthwith surr
<br />,iave occurred and be con
<br />rider to the Mortgagee th
<br />by: ex
<br />purchaser, Mort'
<br />gagor
<br />ng and deliveri:ng to
<br />rients, releases abd other instruments
<br />lortgge6 or th holder of any�Note
<br />thereof or of any interest therein ai
<br />power o'f sale ol otherwise, and may
<br />ving to s uch pu
<br />iichaser, to the extent
<br />D of tile Mortga�ed Properties or any
<br />i forecloiure or by power of s6le' or
<br />al proceedings or of Mortgagee� shall
<br />!y, 'and such pdrchaser shall n , ot- be
<br />sale of :the Mo tgaged Properties. or
<br />upon forbciosurg or, by power of sale
<br />e sale and collec ion of such pro�eeds,
<br />:ies and 'any taxes, assessments� fees
<br />rtgagee rp�ay codsider it necessary to
<br />ny part thereofJ (c) the payment of
<br />other payments due on the Notes;
<br />tes, and �(d) thd' balance, if any, to
<br />nuing, the Mortgagor, upon demand
<br />actual Possession of the Mortgaged
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