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79-- 4l(i7~a~~.
<br />3. The mortgagor covenants and agrees that if he shall fail to pay .aid indebtedurse or any part thereof when
<br />due, or shall fail to perform any covenant or agreement of this instrument or the prmuiw~orv note secured hereby', the
<br />entire indebtedne~cs hereby secured shall immediately become due, payable, and collectible without notice. at the
<br />option of the mortgagee or assigns, regardless of matnrita, and the mortgagee or hie avigns map before or after entry
<br />sell said property without appraisement ribs mortgagor having waived and assigned to the mortKagee all rights of
<br />appnisement 1:
<br />i i } at judsrial sale pursuant io the provisions of 28 L.~.tr. ?(pi +a t : ur
<br />~ tt) at the option of the mortgagee, either by auction or 6y solicitation of sealed 6ida for the highest and
<br />beat bid complying with the terms of sale and manner of pacmert specified in the published notice of sale, first
<br />giving Lour weeks' notice of the time. terms. and place of such sale, by advrrtierment not !rs> than once
<br />during sac:. of said font weeks in a newspaper published or diattibuted in the counts in which said property
<br />is eittrated, all other notice being hereby waived by the mortgagor (and said mortgagee, or any person on
<br />behalf of said trtortgagee, tray bid with the unpaid indebtedness evidenced by said Hotel, said sale shall be
<br />behi at or on the property to be sold or at the Federal, county, or city rourthouse for the county in which the
<br />property is located. The mortgagee is hereby authorised to execute for aad on behalf of the mortgagor aad to
<br />deliver to the pnrchaxr at such sak a attffcieat conveyance of said property, which conveyance shall contain
<br />recitals as m the happening of rho default upon which the ezecutian of the power of axle herein gzaated
<br />depends; and sa+#tcreby cetrt~i#utes and appoints the mortgagee or any agent or attorney of the
<br />mrrtgagee, the and ai'rt~Htt• in tact of said mortgagaz to make such recitals and to execute said
<br />oonveyance aad h e~oi~ ia~and agrees chat ihr treiuls so made shall be eSectual to bar ail aquiiy or
<br />right trt redemptive, homestead, dower, and ail other exrmpti«ts of the mortgagor, all of which are hereby
<br />expreaals v.'aiscd and rvnveyed to the mortgagee; or
<br />tali take any other appropriate action pursuant to state or Federal statute either iu ~tatr ur E•~e+lrral
<br />court or otlterwiae for the diepoaition of the proprrta.
<br />)a the es~t at a axle as hereinbefore prorided, tin urartg_gor or ass pet,aons is poeeeatuon Hader tba mort-
<br />gagor shall then became and be teoanta holding over and shat! forthwith deliver possession to the purchaser at
<br />suds axle ar be auatmarily diapoaaeased, in accorctan« with the proavions of law applicable to tenant? holding over.
<br />Tlta parer aad agency hereby granted sec coupled with an interest and are irnaoeable by death nr utherwisr, and
<br />ax ~traatad as cumuLtiax to the remedies far colloetioa of said indebtedness provided by law.
<br />i The praet+eda of any sale at said property in aecnrdance with the gracedittg paragraphs shall be applied first
<br />to pay rite atwb asd expeoaoa d said oak, the e:pat..at inettrrad be the mortgagor for the purpose of proteetigg or maia-
<br />tain@sg laid property, sled resaanable attorneys' feia; secondly, to pay flu utdrhtednr~ secured hereby ; aptl thinily,
<br />to pay asy asrpioa or esceaa to the person or peraoats lrgall+ entitled thereto.
<br />S, L the carat acid property is nhi at a jsdieial forcxlaaure sale or pennant to the power of oak hereinabove
<br />firaated, and the pt+oe«da are sat aaffieient to pay the total indebtedness secured by this instrument and evidenced by
<br />said gt+ory clots. the m~tgaenx wil bo M*_9od to a dafiriency ~udgme~.*_ fee t_he anreunt of the ls~riertcy nsit}4tettr
<br />~ Fa+ saesttest.
<br />fi. I$ tide event the mortgagor fail to pay aa} Federal, state, yr local tan as+xsatatrtt4 income tan or orbs: tan
<br />ika. rbarpS, tea or other expeaae charged agaisat the property iba mortgagee is hereby authorised at his option to
<br />psy the atas~ Any rams ao paid by the mortg>gee :hall be added to and become s part of the principal amovmt of the
<br />itadaer evidenced by acid note, asbjaci to tbt same trtav and conditiam. if the mortgagor shall pay asd
<br />diaedtxsrge the iadclsaednos evidenoed by said pt'.tminors rota, and shall pay each same and shall discharge aA
<br />lards :std liens a~ the eases, feet, ate a of tatatiag, eafotesog, and eirrati~ this mortgage, then thi, mortgage
<br />±ita~ ire aad ~
<br />?. 17ae aavaaaata herein eoataired shall bird aad the 6enrftta aad advantages shall inure to the rrel+rctiae ,ua~
<br />eessaes and asigts stf the parties taaeta. Rtheaea•<a seed, flee aisgaiar nsmber ahaU include the plural, the plan! she
<br />air~srr d tiaa ~ d sty ~ ahaH int3ode a}I geadeta.
<br />L ale wri+rer ad any ew~nE Leaeia ar oL the a~igatitrn teeured hereby ahal! at any time therraher Le held
<br />~ ~ : taaissr ad ~a t barstaf er r€ for eats ar,~d harsh}.
<br />to A ~ ~ sa+iaa ar jwdgssaat baid~g asy proviaton or portion of thin inatrumrxvt invalid ur ttnen-
<br />1<asoM~e aliMSld sat its atY ~' ~ err prec6ade the safsreanesti of the restairitrF provision or itortiooa of this
<br />iR Asy rwrdMea statime w La lirtoati !o she aoalgayar patwat w the pavridcas ad t}th imtrtrmeas ahaA be sd-
<br />#ls+maiittett4taeat~rwarat 3981 itetrting Strad, Grand Island, Nebraska 58801
<br />alai any veitEm satiee +~ ;ae ittsred to the mortg^gee .halt
<br />!bs aitltamsi to tie ~ee+t 1r, 0= Box 1507, Grand Island, Nebraska 68801
<br />GPO 02.3 ~~
<br />anJ1 -ggaaa 42a t2~7ar
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