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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 />due, or shall fail to perform any covenant or agreement of thin instrument or the promissory note secured herebv, the
<br />esttfre indebtedness hereby secured shall immediately become due, payable,-and collectible without notice, at the
<br />option of the mortgagee or assigns, regardless of maturity, and the tsfpiagageebr• his arraigns may before or after entr~
<br />hell-said property without appraisement (the mortgagor having waived-anrl assigned !o the mortgagee all rights of
<br />appraieement) : ~ „
<br />i t) at judicial sale pursuant to the provisions of 28 U.S.C. 2(101 i a (: ur
<br />(tt) at the optioa,oC the mortgagee, either by auction orby.soliaitaatim of eeakd bids, for the highest and
<br />-best bid complying with the terms of sale and manner of payment ap~ified in the publiotF+ed nonce of sale, fire[
<br />giving four weeks' notice of the time. [ernes, and place oC such sale, by adterrisement not iess than once
<br />during each of said tour weeks in a newspaper published or distributed is the county in which said property
<br />is situated, all 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 by- said note). Said sale shall be
<br />held at or on the property to be sold or at the Federate county, or city courthouse for the county in which the
<br />property ie located. The mortgagee ie hereby authorized to execute for and on behalf of the mortgagor and to
<br />deliver to the purchaser at each sale a sufficient conveyance of said property, which conveyance shall contain
<br />re"i21s as to the happ~.,niag of the default upon which else execution of the power of sate herein granted
<br />depends; and the said mortgagor hereby rnnstitutee and appoints the mortgagee or nay agent or attorney of the
<br />mortgagee, the agent and attorney in fact of said mortgagor Co, rx+ake each recitals and to execute said,
<br />conveyance and hereby covenants and agrees that the recitals eo made shall be effectual to bar all equity or
<br />right of redemption, homestead, dower, and all other exenrptione of the mortgagor, all ot,which are 6erehy
<br />expressly waived and conveyed to the mortgagee: or
<br />(ai) take any other appropriate action purxuaut to state ur Fe+leral statute either iu state ur k'ederal
<br />court ar otherwise for the disposition of the property.
<br />In the event of a sale ae hereinbefore provided, the mortgagor or any persona in possession under the mort-
<br />gagor shall then Lecome and he tenants holdhtg over and shall forthwith deliver possession to the purchaser at
<br />such sale or be summarily dispossessed, in accordance with [he provisions of law applicable to tenants holding user.
<br />The power and agency hereby granted are coupled with an interest and are irrernrable by death or uthrnvise.:uui
<br />are granted ae cumulative to the,fe. mi:±~}ea•,.'{`a(~q of said indebtedness provided by law-.
<br />4. The proceeds of any sale.`oLt`,aar *` _ ~p~et~,3~n°`"~'~ordance with the preceding peragrapha shall be applied &nt
<br />to pay the casts sad e_-pettees aC said sale, the expenem incurred by the mortgagee for t~+e purpose of projecting or main-
<br />taining said pmparty, and reasonable attorneys' fees; aetrondly, to pav she indebtedness secared herebv: mui it++nii.,
<br />to pay any surplus or excess to the person or persona legally entitled thereto.
<br />5. in the event said property is sold at a judicial foreclosure sale or pursuant to the power of sale hereiaabove
<br />granted, and the proceeds are not sufficient to pay the total indebtedness secured by this instrument and evidenced br
<br />said pmmimory note, the mortgagee will be entitled to a deficiency judgment for the amount of the deficiency without
<br />regard to appraiaemenr.
<br />6. In the event the mortgagor fails to pay- any Federal, state, ur local tea assesxmeuq income tax ur other tux
<br />lien, charge, fee, ar other expense charged against the property the mortgagee ix hereby authorized at fits option w
<br />pay Qte same. My sums au paid by the mortgagee shall be added to m+d become a part of the principal amwnu of the
<br />indebtedness evidenced by said note, enbject to the came tsetse and conditions, if the mortgagor shall pay and
<br />discharge the indebtedness evidenced by esid prwniesory note, and xhall pay each sums and shell discharge all
<br />taxer and rims and the costa, fees, anti e:penaee of making, enforcing, and executing this mortgage, then this mortgage
<br />•hsdl be aartcsled and suttmdered.
<br />7. The eovenaots herein contained shall bind and the benefits and udsantuges shall inner to the r<•sprcti.e .uc.
<br />oeeaors and aaaigru of the paMiee hereto. ftrheoever ueod, the singular number shell include the plural, the plural the
<br />sinSalxr, and the use of any gender shall ittelstde all genders.
<br />8. No waiver of any wvenant herein or u[ the obligafiw+ secured hereby shall at an) (imc therrnftrr I+e held
<br />to be a waiver of the ternu hereof or of the Hate secured hereby.
<br />9. A judicial decree, order, or judgment balding auy praviniws ur portiwt u[ tins iuatruuseut fur»iid ur uucu-
<br />[arBeable shalt Hai is any way impair or preclude the enforcement of the remaining provisions or portions of [hie
<br />inatruatent.
<br />IQ. Asy wrlttan notice to ba 'scatted to-the mortgagor pursuant to the pmvi~sictse of chic instrument shall be ad-
<br />dt'e+rednttl+assortga[{orat 908 N. 13oWat'd, Suite 106, Grand Island, NE bt3801
<br />and any written nonce to be iaued to the mortgagee shall
<br />be addressed to the mortgagee at F.O. Box 1.507, Grand Tsland, NF v8ao 1
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