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I 83---0[10'7~~, 6. In the event said property is sold at a judicial foreclosure sale 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 def'tcierrcy wttbout 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 shall be added to and become a part of the principal amount 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 ail 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 shalt 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 shalt 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 ~vay impair or preclude the enforcement of the remaining provisions or portions of this instrument. 1 t. Any written notice to be issued to the mortgagor pursuant to the provisions of this instrument shall be addressed to the mortgagor at P_n_ Anx 1341 Grand Island, NE 68802 and any written notice to be issued to the mortgagee shall be addressed to the mortgagee at 424 West Third St.. P.0. Box 2006, Grand Island NE 68802 [N WITNESS WHEREOF, the mortgagor has executed this instrument and the mortgagee has accepted delivery of this instrument as of the day and year aforsaid. -- ohn Prndorf ~ ~,r~ ~~ ~ ~ ...... f........ ft ~~~ / ' ~j Maril~~ reisandorf Executed and delivered in the presence of the following witnesses: ................................................... (Add Appropriate Acknowledgement} STATE OF NEBRASKA ~ Before me, a qualified Notary Public, personally appeared ss. John Preisendorf and Marilyn Preisendorf, husband COUNTY OF iTAT~ and wife known to me to be idendca- person or persons who signed the foregoing instrument and acknowledged the execution thereof to be their- voluntary act and deed. Witness my hand and Notarial Seai on ~~_, l9 ~. ~(11ttt1twil~r-tea. ~ it.-~.w (SEAL} ~aA~i~T1y1t ~~-~G'~. ,-~ Notary Public My Commission Expires , 19 STATE OF NEB_ RASKA ~ Before me a qualified Notary Public, personally appeared - _ {{ ss. C#sitJi+lTY- O€ 1 President of ~ . corporation, knowyt tc~ me to be the President and identical person who signed the foregoing instrwnen[, and acknowledged the execution thet~eof to be his voluntary act and deed as such officer and the voluntary act and deed of soot ctupgration and that ii& corporate seal was affixed thereto by its authority. Witness my hand and Notarial Seal on ____.__.._. 19 _~__. Notary Public Iti#y Corg~es~itnt pirex . ~.._. ~....., 19 .__._~._.