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I 83-80053' 6. In the event said property is sold at a judicial foreclosure sate or pursuant to the power of a sale hereinabove granted, and the proceeds are not sufficient to pay the total indebtedness secured by this instrument and evidenc- ed by said promissory note, the mortgagee will be entitled to a deficiency judgement for the amount of -the deficiency wfthout,regard to appraisement. 7. In the event the mortgagor fails to pay any federal, state, or local tax assesment, income tax or other tax lien, charge, fee or other expense charged against the property the mortgagee is hereby authorized at its option to pay the same. Any sums so paid by the mortgagee shalt be added to and become a part of the principal amoum of the indebtedness evidenced by said note, subject to the same terms and conditions. if the mortgagor shall-pay and discharge the indebtedness evidenced by said promissory note, and shall pay such sums and shall discharge all taxes and liens and-the costs, fees, and expenses of making, enforcing, and executing this mortgage, then-this mortgage shall be cancelled and surrendered. 8. The covenants herein contained shall bind and the benefits and advantages shall inure to the respective successors and assigns of the parties hereto. Whenever used, the singular number shall include the plural, the plural the singular, and the use of any gender shall include all genders. 9. No waiver of any covenant herein or of the obligation secured hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the note secured hereby. 10. A judicial decree, order, or judgement holding any provision or portion of this instrument invalid or unenforce- able shall not in any way impair or preclude the enforcement of the remaining provisions or portions of this instrument. l I. Any written notice to be issued to the mortgagor pursuant to the provisions of this instrument shall be addressed to the mortgagor at 218 West 16th Street Grand Island NF' 68801 and any written notice to be issued to the mortgagee shall be addressed to the mortgagee at P.O. Box 2006 Grand Island NE 68802 IN WITNESS WHEtteoE, the mortgagor has executed this instrument and the mortgagee has accepted delivery of this instrument as of the day and year aforsaid. K.~& L Mototxs, In~ ........ t ......... .. .. ............ ~ 1: - 4 Donal E. ICaeli II, V ce President Executed and elivered in the pres~gce of the following witnesses: .................................................... {Add Appropriate Acknowledgement) STATE OF NEBRASKA ~ Be rem qu ' "ed ota~r Public, personally appeared ss. C ..-11- CrJUNTY ~F known to me to be identical person of persons who signed the Foregoing instrument and acknowledged the execution thereof to be ~ voluntary act and deed. Witness my hand and Notarial Seal on ""`~c6~ ~~ V, 19 ~ ~ . GENERAL NIlTkRY-SUta at Nah:aska C. GAREy H€IDER {SEAL,).... Gtr Camm. Exp. Aug 30, 1996 ~ _ ~ Xt6t1 ~,r~r_~~i?.a~ otary PubhF MY Gommissitin Expires . ~~'~-~- ~~i _, 19 ~, STATE OF NEBRASKA } Before me a qualified Notary Public, personally appeared =~'_ !} ~, Donald E. ICaelin II tYE)LtN3'Y flF I&a21 Yice President of K & L Motors, Inc.._-_-_ ~~ a c;arporatioa, kttown xo rtte to be the. President and identical person who signed the foregoing instrument, and acknowledged t~;cxeciaiian thereof to be his voluntary act and deed as such officer and the voluntary act and deed of said corporation=and that jts corporate seal-was affixed thereto by its authority. Wittta&s my bated and Notarial Seal on ~Januarp 28 _~ _ 14 83 _ . t5lKAL) s3Nt1JN.k6t-Ar-Statrt~k'H/1tFt< .~ ~,GAytEYHEIpF.1t ------~- ~~~--~-,- __.__.__._....,__. ~~.~, icp. A~ ?$, 1~+G5 Notary Pnh11C Gdl+ otktt~iasigp 1~tt~r4~..,...~E,ts'..~'~:~ ~ -__--__.., 1~ p~. ~ .