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<br />-_ 3. The mortgagor covenants and agrees that it he shall fall to pa}~ said indebtedness or any parr thereof when
<br />due, at shalt fail to perform any covenan4 or agreement of this instrnment or the promissory Hate secured herehr, the
<br />e&ftre indebtedness hereb}' secured ehaIl immediately become doe, payable; and collectible without notice, at the
<br />option of the mortgagee or assigns, regardless of maeurity, sad the me~gagee of hss asaigns~may fiefore or after entry
<br />eedl said property without appraisement !the mortgagor having waived snrl assigned-to the mortgagee all rights of
<br />appraiaement}:
<br />~ t 1 at judicial sale purssuant [o the proviaioas of 2g t;.S.C. 2W 1 i a) : ur
<br />(n j at the option. of the mortgagee, either by auction or by solicitation of sealed bide, for the highest and
<br />best bid complying with the terms of Bale and manner of payment specified in thapublished notice of sale, first
<br />giving tour weeks' notice of the alma, terms, and place of such sale, be adaerti+emeut not law. than once
<br />during each of said four weeks in a newspaper published or distributed in the county in which said property
<br />ea situated, all other notice being hereby waived by the mortgagor (and said mortgagee, oz any person on
<br />behalf of said mortgagee, may bid with the unpaid indebtedness evidenced by said notej. Said sale shall be
<br />held ae or on the property to be sold or at the~Federal, county, or city rnurthouse for the county in which the
<br />property is located. The mortgagee is hereby authorized to execute for and on behalf of the mortgagor and to
<br />deliver to the pnrchaaer at such sale a su;zeient conveyance of said property, which conveyance shall contain
<br />recitals as to the happening of [he default upon which the execution of the power of sale herein granted
<br />depends; and the said mortgagor hereby canetimtee and appoints the mortgagee or any. agent or attorney of the
<br />mortgagee, the agent and attorney in fact of said mortgagor to make euch'~'''~reeitals sad. to execute said
<br />conveyance and hereby covenants and agrees that the recitals so made shall be effectual to bar all equity or
<br />right of redemption, homestead, dower, and all other exemptions of the mortgagor. all of which an.r. hereby
<br />expressly waived-and conveyed ta'the mortgagee:or
<br />(at! take say other appropriate selloff pursuuut to state or Federal .,fatale either in ~tate• or F'edrral
<br />court or otherwise for the disposition of the property.
<br />do the event of a sale u hereinbefore provided, the ma: [gagor or any pereone in possession under the mort-
<br />gagor shall then become and be tenants holding over and shall forthwith delia•er possession to the purchaser at
<br />such sale or be summarily dispossessed, in accordance with the provisions of law applicable to tenants balding o. er.
<br />The power and agency hereby granted are coupled with an interest and err irrevocahir by death nr othrncisr, and
<br />are granted-aa cumulative to the remedies for collection of said indebtedness provider? by law.
<br />,ts.~;n _. ~xuvr .; 1_.. . _..
<br />d, The proceeds of an a<~rdance with the preceding paragraphs shall be applied fimt
<br />to a the casts and ex' ~'~- -
<br />p y pew?' ,. ncurtetl by the mortgagee far the putpase afprotectin& nr main-
<br />taining said property, and reseonable atmrneya' fees; eecondi}', to pay the iudrbtednese secured hereby c and tltirdiy.
<br />to pay any surplus or eu-aas~ta rho pat~nzt or persons legally zntiiled ihers:to.
<br />S. In the event said property is wld-at a judicial foreclosure sale or punuani to the power of sale hereinabove
<br />granted, and the proceeds are Hat sufficient to pay the total indebtedness secured by this instrument and evidenced by
<br />said promiewry note, the mortgagee will 6e entitled to a deficiency judgment for the amount of the deficiency without
<br />reaurrf to appsaisement.
<br />6. In the event the mortgagor fails w pap any Federal, Mate, or local tax aesessmeut, income tax or other tux
<br />lion, charge, foe, or other expense charged against the property Poe mortgagee is hereby audtorized :u hie option to
<br />pay the same. Atty sums eo paid by rho marigsgee sha11 be added to and became a part of the principal amaaurt of the
<br />indebtedness evidenced by said note, subject to the same terms and conditions. If the mortgagor shall pay and
<br />discharge We indebtedness evidenced by said promissory note, and shall pay ouch sumo and shall discharge all
<br />tatter and 1aene sad the coats, Ceee, and eapetteee of making, eafarcing, and executing this mortgage, then this mortgage
<br />shall tie canceled and eurrendetted.
<br />7. The covenants heroin contained attall bind and the henelits and advnutngre shall inure to the n•eprctivr euc.
<br />€tre acct assigns of the par3tea hereto, FJheaevee aaed, the singular number ehelt include the plural, the plural the
<br />eiagular, and the use of say gender shall include all genders.
<br />8. No waiver of any eoveuant herein or yi the oblige?ion secure) hereby shall at an. tinu• dicrrafler he held
<br />to be a waiver of the terms hereof oz of the note secured hereby,
<br />9. A judicial docree, order, or judgmeot holding any provision or portimi of this iustnunmu invalid ur uucu-
<br />fareeabla shall flog in any way impair or preclude the enforcement oP the remaining provisions or portions of this
<br />ittatt'ument.
<br />d+D. ltny writt ~ notice.w be iwtted to the mortgagor pursuant to [he proviaicna of this instrumetu shall be ed-
<br />dteaaed:totbwqtortgattpru 908 North Howard., Suite 110, Grand Island; NE 68801
<br />and any written notice to be issued to the mssrigagee shall
<br />be addreeaed w the mortgagee at 2015 North Broadwe.l l , Grand Tsland , Nl? 688ti 1
<br />SaA Fonts 32a (2.)3t
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