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<br />83-#02772
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<br />f".(,~3. The mortgagorcovt\nall18and agrees that if he .haH fall to pay said indehtedness or any part thereof when
<br />dtti(;.or".hall fail to perform any covenant or agreement of this instrument or the promi.sory note secured hereby, tbe
<br />enijte indebtednJ'i18 herehf secured sball immediately hecome"due, payahle, and collectihle without uotice, at the
<br />oJitiim .Df the mortgagee or assigns, regardless of maturity, anothe mortgagee or hi. a.signs may before or after entry
<br />""l~',.ai? property. n-ithoutappraisement I the mortgagor havill(/; waived an,l assigned to the mortgagee all rights of
<br />appraiSement): >
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<br />(I) at jndicial sale pursuant to the provi.ions of 28U.S.C. 2001 I a I ; or
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<br />(II) 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 tbe published notice of .ale, first
<br />giving four weeks' notice of the time, terms, and place of ~.uch Male, hy adverti~ement Il~_.t l~lS than unce
<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 anyperoon 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 tbe
<br />property, is located. The mortgagee is hereby authorized to execute for anrl on behalf of the mortgagor and to
<br />deliver to the purchaser at such sale a sufficient conveyance of said property, which conveyance sball contain
<br />recitals 88 to the happening of the default upon which the execution of the power of sale herein granted
<br />depends; and the said mortgagor hereby constitutes and appoints the mortgagee or any agent or attorney of the
<br />mortgagee, the agent and attorney in fact of said mortgagor to make such recitals and to execute said
<br />conveyance and hereby covenants and agrees that the recitals so made shall be effectual to har all equity or
<br />right ofrcdemption, homestead, dower, and all other exemptions of the Ulortgagor, all of which are herehy
<br />expre.aJy waived and conveyed to the mortgagee; or
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<br />(Jlt J take any other appropriate action pursuant to titale ur Federal ~lalule either in t'llah' ur Federal
<br />court or oth..rwi.e for the di.position of the property.
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<br />In the event of a sale a. he~einbefore provided, the mortgagor or any persons in pos"""sion under the mort-
<br />gagor.hall thenheeom,e and be tenanta i."tding over and shaH forthwith deliver po.ses.ion to the purchaser al
<br />such .ale or he .umm!lrilydiaf'O"""88Cd,.in acco~da"ce with the provisions of law llpplicable to tenanls holding over.
<br />The ~wer' and ~g~'< <~. am6it<ate. lllW. .pl.ed with an intere.t aUfI are irrevocllble by rleath or tJtherwi.e, and
<br />are granted as cutnul v ~ .:i1le..,fdr col\ection of said indebtedne.. provider! by' law.
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<br />4. Theproeeedil of any sale of .aid property in aceordance with tbe preceding paragraph. .hall be applied first
<br />to pay the cost. and expense' of .aid sale, Ihe expen""" incurred by the mortgagee for the purpose of protecting or main.
<br />taining8aid property, and reasonable attorney's' fee.; .econdly, to pay' the indebtedness secured hereh); alHlthir.lly,
<br />to pay any surplus or exce.. to the person or persons legally entitled thereto.
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<br />5. In the event .aid property i. sold at a judicial foreclo.ure sale or pur.uant to the power of sale hereinabove
<br />granted, and the proceeds llre not sufficient to pay the total indebtedne.. secured by this instrument and evidenced by
<br />.aid promi880ry note, the mortgagee will be entitled to a deficiency judgment for the amount of the deficiency without
<br />repNl to "p",.,wemem.
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<br />6. In the event the mortgagor Iail. to pay' an}' Federal, state, or localtn as.e..meut, income tax or other ta"
<br />lien, chll!"ge, fee, or other expense charged again.t the property the mortgagee is herehy authorized at his option to
<br />pay the ll301e. Any sum. so paid hy the mortgagee shall be added to and become a part of the principal amount oC thc
<br />indebtedn_ evidenced hy .aid note, subject to the .ame terms and conditions. If the mortgagor .hall pay llnd
<br />diechar&!, the inde~edne.. evidenced by .aid promissory note, and shall pay such .ums and shall discharge all
<br />laxe.8 and)i"n8Jlildthe costs, fees, and expense. of making, enforcing, and executing this mortgage, then this mortgage
<br />-hall be eaneeledand surrendered.
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<br />7. I:~'eov~18 herein epJl.tained ahall bin!ian<l the benefits and advantage>; shall inurc to the "'.pecti,e .uc.
<br />~ ~>"1!Up,o(tJJ.oparne. hereto. Wheneveruaed, the _ingolar number .hall include the plural, the plural the
<br />~l~. ~dllle.WIe of~yg~der .h.1l include all gende....
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<br />8. No waiver ollltlY covenant herein or oI the ohligation .ecured hereby .hall at an) time lhere..ft.... l>e held
<br />to be . waiver of the term. hereol or of the note secured hereby'.
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<br />9..A)!!cli.~al.~order,orjud.mentb"ljlinganyprovisiol1 or portion of thi. instrument iuvlllid or oucu-
<br />f~J,e ~Inot in uy way. im.pair or preclude the enforc.,m""l of the remainin~ I,rovision. or portions of Ihi.
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<br />'w.;~.~~tO_~t!) the modll"'''' pur~ant to the provmcns of this iru!trument sball be ad.
<br />~"~~.or" DOl, West Second Street, Grand I s land, Nebraska
<br />and any written noti"" to be i..ued to the mortllagee shall
<br />~""""dtotLe~.t {~24 1;bnH Third Str(~et:, P.O.. Box 2006, Grand lsldnd. Nebrdska
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