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<br />3. The mortgagor covenants and agrees that if he shall fail to pay said indebtedness or any part thereof when
<br />dtre, or shall fait fo perform any covenantor agreement of this iastrutnent ur the pmmiaaory note secured hereby. the
<br />entire indebtedness hereby secured shall immediately becotae due, payable, and collectible withoot notice, at the
<br />aptioa of the mortgagee or assigns, regardless of maturity, sad the trtmrtgageebr Iris sssigrte may before or after entn~
<br />sell said property without apprafaament (the mortgagor having waived and assigned to the mortgagee all rights of
<br />appraisement) : _
<br />~ t) at judicial sale -pursuant to the provisions of 28 li.S.C. 2001 + a t : ur
<br />(u) at the option of the mortgagee, either by auction or by solicitation of sealed bide, for the highest and
<br />beat bid complying with the terms of salt and manner of payment specified in the.pablished notice of sale, fiat
<br />giving four weeks' notice of the time, terms, and place of such sale, by advertisement not less than once.
<br />daring each of said font weeks in a newspaper pttbliahed or distributed in the county in which said property
<br />is situated, all other notice being hereby waived by the mortgagor (and said mortgagee, oz say person oa
<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 courthouse for the county in which the
<br />pmpertp is located. The mortgagee is hereby anthorized to ezecute for sad on behalf of the mortgagor sad to
<br />deliver to the purchaser at such sale a sufficient conveyance of said property, which conveyance shall contain
<br />recitals as to the happening of the default upon which the ezecution of the power of tale herein grained
<br />depends; sad the said mortgagor hereby conatitutee and appoints the mortgagee or say agent or attorney of the
<br />mortgagee, the agent and attorney in fact of said mortgagor to make each recitals. and to esecute said
<br />eonreyanee and hereby covenants and agzees .that the rxitala eo made shall be effectual to baz all equity or
<br />right of redemption, horneatead, doweq and all other exemptions of the mortgagor, all of which are hereby
<br />expressly waived and conveyed to the mortgagee; or
<br />(ttU take any other appropriate action pursuant to state ur Federal statute either in stair or k'ederal
<br />court ar otherwise for the diepoeition of the property.
<br />In the event of a sale as hereittbefore provided, the mortgagor or any persona in poeaeeeion Hader the mort-
<br />gagor shalt then become and be tenants holding over and shall forthwith deliver possession to the purchaser at
<br />such sale or be summarily dnsposeessed, in sccardanee with the provisions of law applicable to tenants holding over.
<br />The power and agency hereby granted are coupled with an interest and are irrevocable by death or otherwise, anti
<br />are granted eB cumulative to the remedies for collection of said indebtedness provided by lave.
<br />4. The proceeds of eny safe of said property in accordance with the preceding paragraphs shall be applied first
<br />_..
<br />to pay the costa sad ezpenxs oCsaid_slle; Elte ezpenaea incurred by the mortgagee for the purpose of protecting ar main-
<br />taining said pmpertv, and reasonable attorneys' fees; secondly, to pay the indebtedness scented beech:-: and thirvll.;
<br />to pay say surplus or excess to the person or persons legally entitled thereto.
<br />S. In the event said praperiy is sold ae a jadicisl foreclosure sale or pursuant to the power of sale hereinabove
<br />granted, and the proceeds are not sufficient to pay the total indebtedness secured by this instrument sad evidenced by
<br />said promissory note, the mortgagee will be entitled to a deficiency judgment for the amount of the deficiency without
<br />regard to opprofaemant.
<br />6. In the event the mortgagor fails to pay ant Federal, state, or local tax assesameu4 income tax ur orrer tax
<br />lien, charge, fee, or other expense charged against the property the nwrtgagee is hereby authorized at his option to
<br />pay the same. Any sums so paid by the mortgagee shall be added to and becmnr n part oC the principal amount of tltc
<br />iadebtodaeas evidenced by said note, subject to the ease terms and conditions. If the mortgagor shall pay and
<br />discharge the indebtedness evidenced 6y said promissory note, and shall pay such sump and shall discharge all
<br />tezea sad liens and rho costs, lase, and expenses of making, enforcing, and executing this mortgage, then this mortgage
<br />shall be carrceied and aurrendared.
<br />7. 'Phe coveneaM herein contained shall bind and the benefits and ads aniages shall inun• to the rrspeetise ~uc•
<br />censors and assigns of the parties htreto. Whenever used, the singular number that( include the plural, the plural the
<br />singular, and the uaa of say geadee shall iaeluda all genders.
<br />$. No waiver of any wvenant heroin or of the obligation secured hereby shall at sus time thee.-aH,•e t,e held
<br />to be a waiver of the terms hereof or of the note secured hereby.
<br />9. A judicial decree, order, or judgment Lolding any provision or portion of dti. iu•tnrment iusahd or uuenr
<br />forceable shall sot in any way impair or preclude the enforcement of the remaining prevision. ur portions of this
<br />instrument.
<br />Y0. Arty written notice to be issued to the mortgagor pursuant to the provisions of this [nNrument shalt be ad-
<br />drswaedtotfu+mortgagorat 908 North Howard, Suite 103, Grand Island, vF 08II01
<br />and any written notice to be i~aesl to the enustgsges shall
<br />beaddretsedtothemortgagreatP. C2. Sax 150', 2t~15 tiortlt Faruadwell, Grand '~i..er~1,
<br />Nt:br.aska ti8801
<br />One R7RM 'J Eli (1 ~}~
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