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j,~ '3. "Plae rzortgagrr covenants surf agrees that i#' hr ahafl fail to p~av +aid ingi~~bteainras+ ~rvr aat~. luazt thtx,t~u9' wierrz
<br />due, or shall fail to perform env covenant or agreement of this in~:rzmert ar the pramixs¢rv note ~ezuetl beech+, the
<br />entire indebtedness hereb+ secured shalt immediately became due, payable, and collectible without notice, at the
<br />option of the mortgagee or assigns, regardless of maturity. and the mortgagee ar his assigns may before or after entr+
<br />sell said property ++ithout appraisentent i the martgagar having waived and as~ignrd to else tnartgagee all rights of
<br />.~ appnisement }
<br />~ ! t } at ,judicial sale Nursuant to the provisions of 281..`.{.- 2tt01 ~ a ~ : ur
<br />(n) at the option of the mortgagee, either by auction or by solicitati¢n of xaled bids, for the highest and
<br />best Lid complying with the terms of sale and manner of payment specified in the published notice of sale, first
<br />giving four weeks' notice of the time, terms. and place of such sate, by ad+rrtisement no[ lea- titan unrr.
<br />during sash of said four weeks in a newspaper published or distributed in the county in which said property
<br />is situated, a!I ether 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 by said note}. Said sale shall be
<br />held at or on the property to be sold or at the Federal, county, or city courthoux for the county in which the
<br />property ie located. The mortgagee is hereby authorized to ezeeute for and on behalf of the mortgagor and so
<br />deliver to the purchaxr at such sale a sufficient conveyance of said property, which conveyance shall contain
<br />recitals a9 to the happening of the default upon which the ezecutian of the power of sale herein granted
<br />depends; and the said mortgagor htreEy constitutes and appoints the mortgagee or any agent or attorney of the
<br />mortgagee, the agwt and attorney in fact of said mortgagor to make such recitals and to execute said
<br />canvepagee and hereby covenants and agrees that the recitals eo made shalt be effectual to bar all equity or
<br />right of redemption, homestead, dower, and all other exemptions of the rourtgagor, all of which are isereh+
<br />expressly waived and conveyed to the mortgagee: or
<br />(ttt! take any other appropriate action pursuant to state or Federal statute either in mate ur Federal
<br />court or otherwise for the disposition of the propertc.
<br />In the event of a sale as hereinbefore provided, the mortgagor or anq persona in poseeaeion order the mort-
<br />gagor shall thin become and be tenants holding over and ahaH forthwith deliver possession to the purchaser at
<br />such sale ar be summarily dispossessed, in aceordance with the provisions of law applicable to tenants holding over.
<br />The power and agency hereby granted are coupled with en interest and are irrevocable by death nr otherwise, and
<br />are granted as cumulative to the remedies (oz collection of said indebtedness provided by law.
<br />4. The prooeeds of any sale of said property in accordance with the: preceding paragraphs shall be applied Srat
<br />w pay the casts and expenses of said sale, the expenxs incurred by the mortgagee for the purpose of protecting or main-
<br />taining said property, and reasonable attorneys' fees; secondl}~, to pay tlae indebtedness secatred kterebc; and th'udly,
<br />to pap any surplus or exc to-the person or persons legally entitled zhcrrta.
<br />5. In the event said property is sold at a judicial foreclosure sale or purseant to fire power of solo her~r,ahove
<br />g~_~i.=.d, =--d t='t} pet: ~`d= a_. not sttfgeient to nay the t¢tai indebtedness secured by this instrument and evidwtted ny
<br />said nro~issnry note, the mortgagee will be entitled to a deficiency judgment for the amount of the deficiency tuithatu
<br />rQgaad ra aanratsement.
<br />ti. In the event the mortgagor fails to pay any Federal, state, ur local tea assessment, income tax or other tai
<br />lien, charge, tee, or other expense charged against the property she 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 of the
<br />indebtedness evidenced by said note, subject to the name terms and conditions. If the mortgagor shall pay and
<br />discharge the indebtedness evidenced by said promissory note, and shall pay such Bums and ehaIl aischarge all
<br />fazes and liens and the costa, fees, and expenses of malting, enforcing, and executing this mortgage, then this mortgage
<br />rhall be canceled and surreadtred.
<br />?. The covenants herein contained shall hind and the benefits sad advantages sl:a!! inure to the rrspretive sno-
<br />eemora asd assigns of the partiex heeeto. Whenever used, the singular number shall iaeludt the plural, the plural the
<br />singular, and the ose of say gender shall pclnde all genders.
<br />8. No waiver of any covenant herein or of the obligation scented hereby shall at any time therrafier br heltl
<br />to be a waiver of the terms hereof or of the note secured hereby.
<br />9. A jadaeial decree, order, or judatnent holding say provision or portion of !iris instrument invalid ur unen-
<br />fors,ea~la alts!! not 3ia any way impair or preclude the enforeetnent of the remaining provisions or lwrtions of this
<br />iat~rummtt.
<br />Iq, Any trtittmt uotiee to be teased to tlse mortgagor gtttyoant to the providcna of this instrttrttent shall be ad-
<br />draii~etllietbwmtprat Srt?ilt~a0o3 S'ubdS.visitmr !stet Stolley Park A[>akl, CYatx3 Island, Nelxraska
<br />and say vraitten notice to 6e issued to the mtrtgagee shall
<br />he addtbssed to tae mortgagee at 3pd West ~ftit'd gtseet, Post Office sox 1688, Grand Island, NE.
<br />6P0 p2~-2 St
<br />58A FORM 928 (2.791
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