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<br />8~"`~0~892
<br />3. The mortgagor covenants and agrees that if he shall-fail to pay aaid indebtedness or an} part thereof when
<br />due, or shalt fait to perform any covenant or agreement of this instrument or the promisson note secured hereby, the
<br />entire indebtedness hereby secured shalt immediately become due, payable, and collectible without notice, at the
<br />option of the mortgagee or assigns, regardless of maturity, and the mortgagee or his assigns may before or after entry
<br />x11' aaid property without appraiaement 1 the mortgagor having waived and assigned to the mortgagee all rights of
<br />appraieemerit)
<br />t t) at judicial Bale pursuant to the provisions of 2$ U.S.C. ZtJgl ~ a! ; ur
<br />(tt} at the option of the mortgagee, either by auction or by eolicitetion of sealed bide, for the highest and
<br />beet bid complying with the terms of sale and manner of payment specified in the published notice of sale, first
<br />giving tour weeks' notice of the time, terms, and place of such sale, h~ advrriisrment not less than once
<br />during each of said four weeks in a newspaper published or distributed in the county in which aaid property
<br />ie situated, all other notice being hereby waived by the mortgagor land said mortgagee, or any person on
<br />behalf of said mortgagee, may bid with the unpaid indebtedness evidenced by said note!. Said sale shall 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 to execute for and on behalf of the mortgagor and to
<br />deliver to the purchaser at each Bale 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 sale herein granted
<br />depends; and the aaid mortgagor hereby conatitvtea and appoints the mortgagee or any agent or attorney of the
<br />mortgagee, the agent and attorney fn fact of said mortgagor to make ouch recitals and to execute said
<br />conveyance and hereby covenants and agrees that the recitals so made shall be effectual to bar all equity or
<br />right of redemption, homestead, dower, and all other exemptions of the mortgagor. all of which are hereh~
<br />expressly waived and conveyed to the mortgagee; or
<br />Iu1! take any other appropriate action pursuant to state ur Prdrral statute either iu ,tale ur hrdrral
<br />court or otherwise for the disposition of the proprrt~.
<br />Ia the event of a Bale as bereinbefore provided, the mortgagor or any persona in possession under the mort-
<br />gagor shall then become and be tenants holding over and shall forthwith deliver possession to the purchaser a1
<br />such Bale or be summarily diepoweeeed, in accordance with the proviaiona of law applicable to tenants holding over.
<br />The power sad 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 aaid ptoperty in accordance with the preceding paragraphs shall be applied 6trot
<br />to pay the soars and expenses of said Bale, the expenxe incurred by the mortgagee for the purpose of protecting or main-
<br />taining aaid property, and reasonable attorneys fees; secondly, to pay the iudrbtednrss secured hrreln : an+l thirdly,
<br />to pay any surplus or ezceae to the person or persona legal Iv entitled thereta.
<br />c' _ ~ .
<br />5. In the even(y~ia' ~.g~ a~udicial foreclosure axle or pursuant to the power cf sale hereinabeve
<br />granted, and the proceeds are not sufsetent to pay the tout indebtedness secured by this instrument and evidenced by
<br />said prnmiswry note, the mortgagee will be entitkd to a deficiency judgment for the amount of the deficiency urithout
<br />regard to approisentent.
<br />6. In the event the mortgagor fails to pay any Federal, state, ur local tai asseesmeut, income tax or other tug
<br />lien, charge, fee, or other expense charged agaiwt Ute property the mortgagee is hereby authorised at his option to
<br />pay the same. Any sums so paid by the mortgagee shall be added to and become a part of the principal amount u[ the
<br />indebtedness evidenced by said note, subject to the acme terms and conditions, If the mortgagor shall pap and
<br />discharge the indebtedneaa evidenced by said promissoq• note, and shall pay such some and ahdl discharge all
<br />faze and !leas and the eosin, fexts, and e:peases of making, enforcing, and executittg this mortgage, then this mortgage
<br />-hall be canceled sad attrrondered.
<br />7. The covtyaanta herein conLaigasd shall bind sad the benefits sad advantages shall inure to the rcsprctite suc-
<br />eesaess sad assigter of the parties berate Whenever used, the singular number shall include the plural, the plural the
<br />siagttlar, and the use of any gender shall include all geaden.
<br />& Nn waiver of any covenant herein or of the obligation secured hereby shell at nut time thrrraftrr be held
<br />to be a waive o[ the terms hereof or of the Hats secured hereby.
<br />9. A jndieial decree, ordu, or judgment holding any provision ur portion uF tltia iustruutent invalid ur uncu•
<br />€orceahW shall Hat in nay way impair or preetude the enforcement of the remairrinle proviaioaa ur portions of thin
<br />iaatrutstmt.
<br />10, A.y wrlttate notice to be Laued to the atom;agog pn»uaae to the proririco. of this innevment shall be ad•
<br />dr+erplirtlr-+atertpyp~rat P.Q. Box 1507, 2815 N. Braaduell, Grand Island, NE f?9802
<br />and any written notice to be issued to the mortgagee shall
<br />ha ~ddr*tradts tltstaartgagee rt ?ZSO N. Webb !fund, Grand Island, Nt; E;4$t}I
<br />now «usta. sea (t.r at
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