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<br />3. The mortgagor covenants and agrees that if he shall fail io pac said indebtednees nr ang part thereof when
<br />due, or shall fail to perform any rovenant or agreement of this instrument or the promissory note secured hereby, the
<br />entire indebtedness hereby secured shall immediatelc become due, payable, and collectible without notice, at the
<br />optioe of the rtortgagee of assigns, regardiess of maturity, and the mortgagee or his a~igns mac before or after entry
<br />sell acid property without appraisement +the mortgagor having waived and assignrd to rite nsortgaree all rights of
<br />appraisement)
<br />t, 3 at jvdiciai aair pursuant to the provisions of 2$1;'.~.C. '3ftill + a I : ur
<br />{u) at the option at the mortgagee, either by auction or by solicitation oC seated bide, for the higlteat and
<br />best bid cotaplying with tart terms of sale and matmer of payment specified in the published notice of salq first
<br />Fiviag [our weeks' notice n( the time, trans, and placr of sorb sate, ha- adaerti>ement not less than mu•r
<br />dnriag tech of acid fear werka in a aevsapaper published or distributed in the county in which said property
<br />is aitoated, all otbez notice being 6crtby waia•ed by the mortgagor {and said mortgagee, or any person oa
<br />behalf of said mortgagee, may bid with the unpaid indehtednes_s evidenced by said note). Said sale shall be
<br />held at or oa the propertc io be sold or at the Federal, snooty, or city rnurthoux for the coemtc in which the
<br />property it located Tye mortgagee is herebc authorised to execute for and oa behalf of iht mortgagor and to
<br />deliver to the pttrchascr at sack ask a suficicat conveyance of said property, which tronveyantt shall contain
<br />reeitaL as is the bapptaiag of the defauk upon which the execution of the power of Bale herein granted
<br />depends; ~ tif~eTyHhastitutea sad appoints the mortgagee or any agent or attorney of the
<br />mortgagee, the t ~ P ~t of acid mortgagor to make each recitals and to ezrcute said
<br />otffive9anoe aa~ mar r an~agr°tes that the recitals so made shall be efferiual to bar all equity or
<br />riltbt of tedemptimt, homestead dower, and all other e>;entptions of the mortgagor, all of which are berates
<br />exprealy waived and canve~ed to the martgapre; or
<br />{t:tt take any other appropriate actiert pursuant to statr or }-ederal statute rithrr in stair ur }'e«Irra!
<br />ceurt oe otlrrrwise for I)# disposition of the proprrty.
<br />In else c+vmt ~ : ink ss 6ttrSabtfort provided, the aortgagor ~ say ptxsats is possession tinder the mort-
<br />gaEoa sk-?t sift 6eeomt seed be resents bolding seer and steal? forthwith deliaer possession to the purchaser at
<br />such sale or be summarily disposseasrd. in aceordaace with the prorrsroas of iHM' applicable iu tenants bolding a.er.
<br />1`be ptrwa sad agrney hmrhy greeted are coupled with an (stereo sad are irreaacable by death nr uthen.ue, and
<br />are granted a stmt iirtiM,SitriWtion of said indebtedness provided by law.
<br />°~1~~ Y t~tMldIItt
<br />~a-ara~srsP
<br />i The proceeds of ny~of acid property in accordaatt with the prccedioa parsgrapha shall be applied fist
<br />to pas the seas sad ezpmsea of said sak, flu expetnsa iacnrtxd be the mortgagee fai flit: purpose of protecting ormain-
<br />taisittg acid property, sad rearenabee etteraeve fees; secandly, to pay the iudrbtednesa second hrrebr; and thinly,
<br />to pay sap aarphts a- txrxss to the poem! or persons Iegallc eatitted thctrio.
<br />a. L the txat said propettr is aokl st a jaditdai foreclosart sale or ptustsaat to the ptswer of sale hereinabovr
<br />pfa:tod, sad the praoneds ate not atef&ient to pay the total iadeberdness etctired by this itutrument sad ea-fdmeed by
<br />sand P!t'a'm~?• naves the me_*tgege. will Ix ~L~•Ld to a'?-srienty ja_~t f~ the s.~aant ~ tltE dg~i~s,-y tai:fsnst
<br />~~-
<br />6. In the eves! the mastgagar fans to pa} an) Federal, stale. u< lxal tea a.sessiment, iu~nate tax or uihrr tav
<br />hen. eb:rgtn fee, ar Mhet exptmse charged against the property the mortgagee u hcixbl authorised at his option to
<br />pay the ease. Asy a~ w paid ba tlx tsastl[agee shall be added to sod hecoarrr a part of for principal amostnt of tltc
<br />inde6tadtst~ cvideaoed by raid rret~ snbjtxt to thr uarr terms and rnnditions. if the mortgagor shall pay and
<br />flee s~sedmY tvtdimced by saiA ptmmwwxs note, and shall pac aurlr estms and shsA dtat.harge alt
<br />tttims sad iimsa and the nom, fine, and espettaes od taaecang, enfotr:ittg, steal ezt><utirlg this mottgage, rhea this mortgage
<br />~ he enaeded sad s~eadered.
<br />'+- 11e eavmaata batsm aeatained shall hied a~ the 6eaefits and adaantages shat( iaurr to eke r~-~.prcti<e ~ur-
<br />oesatasx sad sneigru ~ the peruse bsrKa der seed, the sittgalar outabez shah inolade the pinral, the phtral the
<br />ttitta sad the ae ~ my g~ slt:@ iaeeade all genders.
<br />8 Iles tsaivra aE say tevestmt herein or ~ the aedigatioa secured hereby shat( at ana time therraftrr l,r held
<br />to hr a seises sr tax ~ as ~ flee saw seEraad hwy.
<br />9 d ~iieial dense, order, er meat heeding any ptoviaian or portion of this iuatrumrat invalid ur unitit-
<br />latssalde ~ not is amy ..y impair ar prtelude t6t tafotttemisst of the remaining provisions or itartiona of this
<br />iaadt~.
<br />1!. erriUaa tsaF~e La ate issatrd ea the twsatgtger paraaast m the pmvisicas of this instrument shall lee ad-
<br />drseita~aseetgsgsnq 3404 Old &igttway 30, Grand Island, Nebraska 68801
<br />sad any written tsotice m be (:creed to the mortgagee shall
<br />beaddesaedtistheaaatgagseat 2015 Nozth Broadway, p,0. Box 1507, Grand Island, NE b8801
<br />saA ip,~ rte 72+~rt
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