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3. The mortgagor covenants and agrees that if he shall fail to pay said indebtedness or am par! thereof w!:r.^.
<br />due, or shall fail to perform any covenant or agreement of this instrument or the promissory note secured hereby, the
<br />entire indebtedness hereby secured shall immediately become due, payable, and collectible without notice, at the
<br />option of the mortgagee oe assi).ms, regardless of maturity, and the mortgagee or his assigns may before or after entry
<br />eels said property without appraisement ~ the mortgagor having waived and assigned to the mortgagee all rights of
<br />appraisement)
<br />t j at jt:dicial sale Nurauant to the provisions of i8 L.Q.C. 2Ct01 i a i : or
<br />~ (n) at the option of the mortgagee, either by auction or by solicitation of sealed bide, for the highest and
<br />~ beat hid complying with the terms of Bale and manner of payment specified in the published notice of sale, first
<br />^~; giving four weeks' nurses of the time, ternea and place of such gale, h. aJ.rrtisement not lea. than once
<br />during each of said four weeks in a newspaper published or distributed in the cotmty in which said property
<br />is eitaated, ell 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 be said notej. Said sale shall be
<br />held at or on the property to be sold or at the Federal, counts, or cit.' courthouse far the county in which t}te
<br />E'^ property is located. The mortgagee re hereby aathorized to ezecuee for and oa behalf of the mortgagor and to
<br />:~-
<br />deliver to the ptrrchaee: at such sale a sufficient conveyance o[ said property, which conveyance shall contain
<br />recitals as iu fire happening of the default upon which the ezecution of the power of sale herein granted
<br />depends and the said mortgagor hereby eonatitutea and appoints the mortgagee or any agent or attorney of the
<br />mot4e_a;_ee, the a_arnt and attomeY_ in fact of said ntortaaeor to make such recitals and to execute said
<br />conveyance and hereby covenants sad agrees that the recitais a made shall be effectual to bar all equity or
<br />rirht .,f rrdempt.!+n; hotnestrea a^!aer, and o!I orher evemntions of the mortgagor. all of which are hereby
<br />ezpteesly waived and conveyed to the mortgagee: ar
<br />(nt) ta4e an}' other appropriaEe action pursuant EO Starr or Federal statute either in state or Federal
<br />court or ot-tetwiae for the disposition of the progeri?.
<br />Ia the event of a sale m 6ereiabefare provided, the mortgagor or any persons in poeaeaaion tinder the mttrt-
<br />gagor shall then became and be tenants hobling over and ehail forthwith deliver possession to the purchaser at
<br />such eak oz be summarily dispossessed, in accordance with the provisions of law applicable to tenants holding over.
<br />The power and agency hereby grartted are wupled with an interest and are irrevocable by death nr otherwise, and
<br />are gzaated of cumulative to the remedies for collection of said indebtedness provided by law.
<br />4. The proceeds of any sale of raid property in accordance with the preeedutg paragraphs shall be applied first
<br />to pay the coats and e><penses of said uk, the ezpeaxs incumd by the mortgagee far the purpose of protecting or main-
<br />taining said prcperiy, and reaaanabfe attorneys' fees; secondly, to pay the indebtedness secured hereby ;and thirdly,
<br />to pay any surplus or ezeees to the person or persons -egalh entitled thereto.
<br />S_ Is the went said property ie sold at a jtHliet_al fareclaeure sale or ptzrattast to the power of salt hes^ei~hove
<br />granted, and the proceeds are not ett)Beimt to pay the total indebtedness secured by this instrument and evidenced by
<br />avid proaaietary note, the mortgagee will be entitkd to a deficiency judgment foz the amotmt of the deficiency without
<br />regard to apprsiserneru.
<br />b. Ia tine event rim mortgagor fella to pay any Federal, state, er local tan assessment, income tax or other tas
<br />lien, charge, tee, or other expense charged against the property the mortgagee is hereby authorized at his option to
<br />pay the arsine. Any Surma so paid by the mortgagee shall be added to and become a part of the principal amount of the
<br />indebtednbe evidenced by acid note, sabjeet to the same terms and conditions. If the mortgagor shall pay and
<br />discharge the indebtedness evithatced by acid promissory note, and shall pay such sums and shall discharge all
<br />tortes and Iimf attd the snorts, fees, and ezpetvea of making, enfor+eiag, and e:ecntiag this mortgage, then this mortgage
<br />shalt be eaaeeled sad atrrmdered.
<br />7. The eoveataats beeega oaataiaed shall bind and the bemefita and advantages shall inure to the rrsprctive ~nc-
<br />eerors atsd aaaigm of the parties hereto. whenever need, the singular number shall include the plural, the plural the
<br />aetgeLr, atad the sae of any gaadEr ttha0 ineladr all grstden.
<br />& Na trairar ovi say eovesaat hereto oz o{ the obligation secured hereby shat! at any time therrahrr Ire held
<br />u be a waiver of tbx tarots hereof oz of the note secured hereby-
<br />- 9 A jam stases, order, ar attd~oeat holding any provifitw ar portion of this instrument invalid or uncu•
<br />iaavieaWe ttlm~ set its arty tray laapair or prae~de the mforoemmrt of the remaining provisions or lwriione of thin
<br />itfttttesofat.
<br />18. Ater urines suttee to ba iafned to tie wertgtyor pttrfafat to the proviaiene of this iaMrumeai shall be ad-
<br />drarti#etbwafateat Doniphan, Nebraska
<br />sad arty wcittm tfotim to be toasted to ebe tortgagee aball
<br />Lis addaared ~ ~s s:< ~L+r3 ~sha^, *;2braska .
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<br />6~A •ORM fan iY+?rt
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