83004530 - Laserfiche WebLink

Browse

r 83-004530 6. In the event said property is sold at a judicial foreclosure sale or pursuant to the power of a sale hereinaliove granted, and the proceeds are r"t sufficient to pay the total indelitedness secured liy this instrument and evidence ed liy said promissory note, the mortgagee will be entitled to a deficiency. judgement for the. amount. of' the deficiency without regard to appraisement. 7. In the event the mortgagor fails to pay any federal, state, or local taxassesment, 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 shali ray 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 heldtobea 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. II. Any written notice to be issued to the mortgagor pursuant to the provisions of this instrument shall be addressed to the mortgagor at Rt. 2, Box 142 A, St. Paul, Nebraska 68873 and any written notice to be issued to the mortgagee shall be addressed to the mortgagee at 424 West 3rd, Grand Island, Nebraska 68801 IN WITNESS WHEREOF, the mortgagor has executed this instrument and the mortgagee has accepted delivery of this instrument as of the day and year aforsaid. /, \(~C:t,~~j;C).' ~ .!................ ! '~ .~! .......................................-........................ Executed and delivered in the presence of the following wimesses: (Add Appropriate Acknowledgement) COUNTY OF HALL known to me to be identical person or persons who signed the foregoing instrument and acknowledged the execution thereof to be his voluntary act and deed. Witness my hand and Notarial Seal on /.?::~r~[/ 2'L~ , 19~": .~ . ~:' ",,:-::/ CJ~Y.u~ ~~-? Notary Public /" } ss. Before me, a qualified Notary Public, personally appeared ___ John Preisendorf, Jr. STATE OF NEBRASKA (SEAL) --......-.'81. II ..,..... DDINlIIWlIU.fY ............ 2f, - My Commission Expires ,19_. STATE OF NEBRASKA I ss. Before me a qualified Notary Public, personally appeared _._.__..__ COUNTY OF __ President 01'_____.._..._.."..,...._'_...".,...... a eorporation, known to me to be the President and identical person who signed the foregoing instrument, and acknowledged the execution thereof to be his voluntary act and deed as such officer and the yoluntarv act and deed of said corporation and that its corporate seal was affixed thereto by its authority. . Witness my hand and Notarial Seal on ____,.... ., 19....... . (SEAL) Notary Public My COlllJnission Expires 19