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80-~~(~5~7~
<br />3. The mortgagor covenants and agrees that it he shall fail to pay said indebtedness nr any part thereof when
<br />due, or shall tail to perform any covenant or agreement of Chia instrument or the promissory note secured hereby, the
<br />cadre indebtedness hereby secured eha}1 immediately become dne. payable, and collectible without notice. at the
<br />option of the mortgagee or assigns, regardless of maturity, and the martR'agee+or his assigns man- before or after entry
<br />Bell said property without appraiaement I the mortgagor having wailed- noel assigner! to the mortgagee all rights of
<br />appraiaement) : -
<br />r.i
<br />I t { at judicial sale nursuant to the provisions of 28 U.S.C. 2001 ~ a I : ur
<br />(tt) at the option of the mortgagee, either by auction ar by solicitation o[ seafed~bida, for the highest and
<br />beat bid complying with the terms of sale and manner of payment specified is the published notice of sale, 5ret
<br />Riving four weeks' notice of the rinse, terms. and piaee of such sate, he adarrtiseni~nt not less than once
<br />during each of said four weeks in a newspaper published or distributed in the county in which said property
<br />is situated, all other notice bring 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 Federal, county, or city courthouse for the county in which the
<br />property is locsted. The mortgagee ie hereby authorized to execute for and on behalf of the mortgagor and to
<br />del"over to the purchaser at such sale- a sn_~•ient conveyaree of said prapert., which conveyance shall contain
<br />recftals ae Is the happening of the default upon which the execution of the power of sale herein granted
<br />depends; and the said mortgagor hereby rnnstitutes and appoints the mortgagee or any agent or attorney of the
<br />mortgagee, the agent and attorney in fact of said mortgagor to make such recitals and to execute acid
<br />conveyance and hereby covenants and agrees that the recitaie eo made shall be effectual to bar all equity or
<br />right of redemption, homestead, dower, and. all other exam{!lions of the mortgagor, all of which are hereha
<br />expressly waived and eonveyedto themortgagee; or
<br />Qn{ take any other appropriate action pursuant to state or Federal statute either iu ,tats or Federal
<br />court or otherwise for the disposition of the properh~.
<br />do the event of a Bale as hereinbefore provided, the mortgagor or any persons in possession under the mort-
<br />gagot shall then become and be tenants holding over and shall forthwith deliver possession to the purchaser ,u
<br />such sale or be summarily diapoeseesed, in accottiance with the provisions of law ap;;dicable to tenants holding over.
<br />The power amt agevcy hereby granted are coupled with an intereet and are irrevocable by death nr uthrrwis.-. and
<br />are granted ' - pp;t~~l~gt j~ rollrction of said indebtedness provided be law.
<br />/~t'i~ ~
<br />4 The ~sts lMwrr,
<br />ss~a5aa~fv in accordance with rho preceding paragraphs shall be applied first
<br />to pay the costa and expenses of said sale, the eapensea incurred by the mortgagee for the purpose of protecting ormain-
<br />teiningsaid graperty, and reasonable attorneys' fees; secondly, to ltay the indebtedness secured hereby; amt third!}.
<br />to pay any snrplaa or excess to the person or persons legally entitled thereto.
<br />5. In the event acid property is sold at a judicial foreclosure sale or pursuant to the power of sale hereinebove
<br />granted, and the proceeds are not sufficient to pay the total indebtedness secured by this instrument and evidenced by
<br />said promissory note, the mortgagee will be entitled to a deficiency judgment for the amount of the defciency without
<br />regard to approiaement.
<br />6. Ia the event the mortgagor faits to pay any Federal, state, or local tax assesameut, income tax or udter tan
<br />lien, charge, fee, or other expense charged against We property the mortgagee is hereby authorized at his option to
<br />pay the acme. Any soma eo paid by the tteortgagee shall be added to and become a part of the principal amount of tl!c
<br />indebtedness evidenced by said note, subject to the same terms and conditions. If the mortgagor shall pay and
<br />discharge she indebtedness evidenced by acid promissory note, and shall pay each some and shell discharge all
<br />taxes and }tens and the coats, tees, and expenses of making, enforcing, and executing this mortgage, then this mortgage
<br />shag bo r•r,caled and surrendered.
<br />7. The covenanu heroin contained shell bind and the benefits and advantages shall inure lu the resprctivr suc-
<br />teseore and a!?igrt,: of the partses berate. ~hynever used, the singular number shalt include the plural, the plural the
<br />aingttlar, and the use at any gender shall include alt gwden.
<br />8. 1Yo waiver of any coveaeni herein or of the obligation secured hereby shall at ae» time lherrafter he held
<br />to Ile a waiver of the terms hereof or of the note secured hereby.
<br />9. A judicial decree, order, or judgment bolding any provision or pastime of thin uutrument invalid ur ruren-
<br />foreeahks shall not is any way impair or preclude the enforcement of the remsining proviaiona or portions of this
<br />iwtrumwut
<br />I0. Any written. notice to ba iuued to the mortgagor purawmt to the pmvieicns of this instrument shall be ad-
<br />dvaaas)utthnmetrtgsgorat 908 North Howard, Suite 10"x, Gard Island, NE 68$01
<br />sad any written ~+t3~ to be iaatrod to the mortgagee shall
<br />beaddresaedtothemortgageeat p. q. V3ox 1,507, 2q1~ North {+rc>adt§W11, -a;;d Isla.;d,
<br />Neksraaka 68861 ~_
<br />Sga~ Ft>pM a2a (7.'J'tt
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