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<br />3. The mortgagor covenants and agrees that if he shall fail to pay said indebtedness or anc part thereof when <br />due, or shall fail to perform anc covenantor agreemen! of Shia instrument or the promissory once secured hereby, the <br />entire 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-mortgagee ar his assigns may before or after entry <br />Bell sold property without appraisement (the mortgagor having waived and assigned to the mortgagee alt rights of <br />appraisement) : - <br />o. .,. , . ,, i..-1 ~-r. <br />U) at judicial sale •pursuant to the provisions of 28 U.5-C. Zf101 i a) ; ur <br />(n) at the opdoa of the mortgagee, either by auction or by solicitation of sealed bide, for the highest and <br />beat bid complying with the canna of Bale sad manner of payment specified in the published notice of sale, first <br />Riving tour weeks' notice of the time, terms, and place of such-sale, Lv -advrr[i~ement not lea, than once <br />during each of said four weeks is a newspaper pnhliehed or distributed in the county is 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 tmpaid indebtedness evidenced by said pots). Said sale shalt be <br />held at or oa the property to be sold or at the Federal, cotmty, or city courthouse (or the county in which the <br />property is located. The mortgagee is hereby- authorised to ezecute for and on behalf of the mortgagor and to <br />deliver to the purchaser at each sale a sufficient conveyapce of said property, which conreyance shall contain <br />recitals se to the happening of the defauh upon which the execution of the power of sale herein granted <br />depends; and the said mortgagor hereby constitutes and appoints the mortgagee ar any agent or attorney of the <br />mortgagee, the agent sad attorney in fact of said mortgagor to make each recitals and to execute said <br />conveyance and hereby covegeaU and agrees that the recitals so made shall be effermal to bar al! equity or <br />right of redemption, homestead, dower, and all other exemptions of the mortgagor, all of which are iterehv <br />expressly waived and conveyed to the mortgagee; or - <br />(tat take any other appropriate action pusuaut to state or Federal statute either in Gate ur 1•'ederal <br />rwurt or otherwise for the disposition of the propern-. <br />In the event of a sale ae hereinbefore provided, the mortgagor or any persons in possession tinder the mort- <br />gagor shall then become and be tenants holding over and shall forthwith deliver possession to the purchaser at <br />such sale or be summarily dispossessed, in arrordance with the provisions of taw applicable to tenants holding over. <br />The power and agency hereby granted are coupled with an interest and are irrevocable br death or uthertrise, and <br />are granted as cumuLttive to the remedies far collection of said indebtedness provided kn~ low, <br />4 The proceeds of any sale of said property in accordapcc with the preceding paragraphs shall he applied first <br />to pay the r-oste~apd axpsttxe of said sale, the expenses incurred by the mortgagee for the purpose of protecting ormain- <br />taiaijtg-said pt~psYy'tmd reaaouable attameys' fees; secondly, io pay the iudrbtedness secured hereby : and th;rdiv, <br />to pale any surilfis ~or excess to the person or persons legally entitle<! thereon. <br />y~~' ~ . <br />5. Iri'tlrte evegk~itltproperty is sold at a judicial forer_-osure sale or pursuant to the power of sale hereinabove <br />granted, and~dte-praceerls are not etttf6cieut to pay the total indebtedness secured by this instrument and evidenced by <br />said promissory nose, the morgagce will be entitled to a deficiency judgment for the amount of the deficiency without <br />regard to apptvisemenl. <br />6. IL the event the mortgagor fails to pay any Federal, state, or local tax ussesstueut, income tux or other tax <br />lion, charge, foe, or other expense charged against the property the mortgagee is hereby authorized at Fos option to <br />pay dte name. Any atone so paid by the mortgagee shall be added to ;md become a part o[ the principal amount of the <br />indebtedness evidenced by said note, subject to the same terms and conditions. If the mortgagor shall pay and <br />discharge the indebtedness evidenced by said promissory note, and shall pay such some and shall discharge all <br />razes and liens and the costa, fees, and expenses of mekipg, enforcing, and executing this mortgage, then [his mortgage <br />*hall be canceled sad surrendered. <br />7. The covenaate herein captained shall Lind artd the benefits and advantages shall inure to 6Gr rrprrr•ti~r .u.~• <br />censors sad assigns of the parties hereto. Whenever used, the singular number shall include the plural, the plural the <br />singular, apd the use of spy gwtder shall include alt gwders. <br />$. Nw waiver of any covenant herein or of the obligation secured hereby shall al .ut; time there:,iR•r la• hold <br />to be n waiver of the terms hereof or of the note secured hembv. <br />9. A judicial decree, order, or judgment holdipg any provision ur portion of this iustnnurut hualirl ~~t uu,,,r <br />forceable shall nut in spy way impair or preclude the enfoecement of the remaining previsions or portions of chi.. <br />inetrupreaL y" ""'.f <br />I(i, Any wrlttep potioe t0 be tetrad to the moCgagor parsttanl Lo the provisions of thin iaatrumeat shall be sd• <br />dearedtotLemortgagorat 9f)8 Nt7rtlt ifoward, :+uit,e 103, Grand "f.sland, Nl: 68801 <br />and spy written notice to be issued to the mortgagee shall <br />beaddrtrsr,dtatEwuxortgngceat F°. U. Hox I`i01, '701`> tdc>rth Nroadwtrli, ~;rarui tsl.at~ci, <br />i~43iX 3~d CiU.l (_tl <br /> <br />