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83--i~GU7~~
<br />3: The mortgagor ravenanta and agrees that if ht shall-fail to pay paid indebtedness or any part thereof when
<br />tiers, or shall fail to perform anv covenant or agreement of this instrument or the promissory note secured hereby, the
<br />erttiref;indebtedneas hereby secured shall immediately become due, payable, and collectible without notice, at the
<br />option of the mortgagee or assigns, rtgard)ess of maturity, and the mortgagee or his assigns may before or after entry
<br />aelaaid property withmtt appraisement Ithe mortgagor having waked and assigned to the mortgagee al] rights of
<br />apprarsement)
<br />! t j at judicial sale pureuant to the provisions of 28li.S.C. 2W1 i a I : ur
<br />(tt) at the option of the mortgagee, either by auction or by solicitation of sealed bide, for the highest and
<br />best-bid complying with the terms of sale and manner of payment specified in the published notice of sale, first
<br />giving four weeks' notice of the Nme, terms, and place of such sale, by :uivrrtisement not less tlian once
<br />during each of said four weeks in a newspaper published or distributed in the county in which said property
<br />is situated, all other notice being hereby waived by the mortgagor (and said mortgagee, or any person on
<br />behalf of said mortgagee, may bid with the unpaid indebtedness evidenced by said note). Said sale ahaA be
<br />held at or on the property to be sold or at the Federal, county, or city courthouse for the county in which the
<br />property is located. The mortgagee is hereby authorized [o execute for asst on behalf of the mortgagor and to
<br />deliver to the purchaser at such sale a sufficient conveyance of said property, which conveyance shall contain
<br />recitals as to the happening of the default upon which the execution of the power of ask herein granted
<br />depends; and the said mortgagor hereby constitutes and appoints the mortgagee or any agent or attorneyof the
<br />mortgagee, the agent and attorney in fact of said mortgagor to make such recitals aad to execute said
<br />conveyance and hereby covenants and agrees that the recitals so made shall be e$eMual to bar all egaitp or
<br />right of redemption, homestead, dower, and all other exemptions of the mortgagor, all of which are Lerehy
<br />ezpreeely waived a •~~dth~t111II~or
<br />k"
<br />(u11 take any oth r apprupnate actimt pureuaul to state ur b'ederal statute Tither in stale w• Federal
<br />court or otherwise for the disposition of the property.
<br />Ia the event of a Bale sa hereinbefon provided, the mortgagor or any persons in possession under the mort-
<br />gagor shall then become and be tenants holding over and shall forthwith deliver possession to the purchaser at
<br />such sale or be summarily dispossessed, in accordance with the provisions of law applicable to tenants holding over.
<br />The power and agency hereby granted are coupled with an interest and are irrevocable by death or otherwise, and
<br />are granted as cumulative to the remedies for collection of said indebtedness provided by law.
<br />4. The proceeds of any sale of said property in acrnrdanee with [he preceding paragraphs shall be applied first
<br />to pay the eau and e:pensea of said sale, the expeaaa incurred by the mortgagee for the purpose of protecting or main-
<br />taining said property, and reaeonabk attorneys' tees; secondly, to pay the indebtedness secured hereby; and thirdly,
<br />to pay anv surplus or e:ceas to the person or persona legally entitled thereto.
<br />S. Ia the event acid property is sold at a judicial foreelaure sate or pursuant to the power of sale hereinabove
<br />granted, and the proceeds are not sufficint to pay the total indcbtedneaa xcured by this instrument and evidenced by
<br />said promiswry note, the martgagee will be entitled to a deficiency judgment [or the amount of the deficiency taitkout
<br />regstrd to appraiaettae+it.
<br />Q In the event the mortgagor tails to pay any Federal, state, ur local tax assesemeut, income tax or other tax
<br />lien, chatga, fee, or other expense charged against the property the mortgagee is hereby authorized at hie option to
<br />pay the acme. Any eumaeo paid by the mortgagee shall be added to and become a part of the principal amount of the
<br />indebtedneae evidenced by acid note, subject to the same terms and conditions. It the mortgagor shall pay and
<br />diacltarge the indebtedness evidenced by acid promissory note, and shall pay each sums and shall discharge all
<br />taus and liens and the caau, tees, and expenses of malting, enforcing, aad executing this mortgage, then this mortgage
<br />~haA be cwceled and surrondered.
<br />T,_ Toe eoyanan4 herein contained-ahallbiad and tits benefits and advantages shall inure to the respective suc-
<br />cessors and awgna of the parties hereto. Whenever used, the singular number shall include the plural, the plural [he
<br />aitagnlar, alai the oats at any gender shall include ail geodes.
<br />>£ 1Ho waiver of any covenant heroin or of the obligation secured hereby shall at an} tints thereafter be held
<br />to bo a waiver of the tertna hereof or of the note secured hereby.
<br />4. A;jtitiieial decree, ardor, or judgment ho{ding any provision ur purtiuu of this ittsuutuent invalid ur uucu•
<br />f+upealrip shell clot in anv way impair or preclude the eaforcemtnt of the remain:nx urovisiona ur portions of this
<br />inatrytlatlwt.
<br />Ill. Aa-~ tarittats rtptlw?s-tn he iastred to the mortgagor Pursuant to the pmriakm of this instrument shall be ad-
<br />~~~ 364A (rid 'West: Highway 30, G;and Island , NE b8$Ql
<br />awd any written aotloe to b+e trued to the etortgagee shall
<br />bettt}tlresaedtotLe>.tgxtptpeat 2p1~ N. Ilraadwny, p. (~. Box 1503, Crand [sland, NE 68802
<br />sea •oalat i$a t3-'sit
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