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<br />3. The mortgagor covenants and agrees that it he shall fait to pay said indebtedness or any part thereof when
<br />dtie, or shall fail to pertorm any covenant or agreement of this instrument ortht promissory note secured hereby, the
<br />satire indebtedness hereby secured ehaH immediateh• become due, payable; and collectible without notice, at the
<br />option of the mortgagee or assigns, regardless of maturity, and th~mor[gaget or his ti~igcre may before or after entn~
<br />sell said property without appraisement Ithe mortgagor having waived and aeeagned~to Ihemortgagee all rights of
<br />appraisement)
<br />~i, __i -.. ,~.u _,
<br />i t) at judicial sale pursuant to the previsions of 26 U.S.G. 2(101 ~ a t : ur
<br />(t[) at the option df the mortgagee, either by auction or by eolicitatiaa of sealed bide, for the highest and
<br />heat bid complying with the terms of sale and manner of pay~ttenL specified ia.the published aotim of Bale, first
<br />giving four weeks' notice of the time, terms, and place of such sale, by" adGertiarment riot lea, 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 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 ante shall be
<br />held at or on the property to ate sold or at the Federal, 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 such sale a sufficient conveyance of said property, which conveyance shall contain
<br />tteatala as to the happeniutg of the default upon which the execution of the power of sale herein granted
<br />depends; and the said mortgagor h^reby cotv+eitutes 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 said
<br />conveyance and hereby covenants" and agrees that the recitals eo made shall be effectual to bar all equity or
<br />right of redemptive, homestead, dower, and all other exemptions of the mortgagor, x11 of which arr lterehy
<br />expreaialp waived and conveyed to the mortgagee; or
<br />(ut1 take any other nppropriate action percents to stale or Federal atauae either iu Mate ur Federal
<br />cmtrt ar otherwise for the disposition of the property.
<br />In the event of a sale as hereinbefore provided, the mortgagor or any persona in poeeeseion tinder the mort-
<br />gagor shall then become and be canasta holding over and shall forthwith deliver possession io the, purchaser at
<br />such sale or be summarily dispossessed, in accordance with the provisions of law applicable to tenants holding u. er.
<br />The power and agency hereby granted are coup.ed with an interest and arr irrevocable by death ar uthrre•ise. and
<br />are granted as cumulative to the remedies for collection of said indebtedness provides by law.
<br />c,•nt
<br />4. The ptoeeeds of eigtrpia dteaid ~rtrperty in accordance with the preceding naragrapha shall be applied first
<br />to pay the eosin and expellees of said wle, the. expetteta incurred by the mortgagee fos the purpose of protecting ar main-
<br />taining said proper€y, and reasonable attorneys' fees;, secondly, io pay ton indebtedness. secured hereby: and thirdly.
<br />to pay any surpiue or excess to the person or persona legally entitled thereto.
<br />5. In the event said property is Bold at a judicial foreclosure sale or pursuant. to the power of Hale hereinabove
<br />granted, sod the proceeds are not sufficient to pay the total indebtedness secured by this instrument and evidenced by
<br />said promimory note, the mortgagee will be entitled to a deficiency judgment for the amount of the deficiency ttrithout
<br />regard to appraisement.
<br />6. In the event the mortgagor fails to pay act) Federal, state, or local tan assessment, income tax ur utleer l:t~
<br />Tien, charge, fee, or other expense charged agaitmt the property the mortgagee is hereby authorized at hie option to
<br />pay the same. Any some so paid by the mortgagee shall be added to and brcmne a part uF the principal awmun o(thc
<br />indebtedness evidenced by said note, subject to the came terms and conditions. II the mortgagor shall pay end
<br />discharge the indebtedness evidenced by said promieaory note, and shall pay such sums and shall discharge all
<br />taxes and liens and the costs, fees and expenses of making, enforcing, and executing this mortgage, then this mortgage
<br />shalt be canceled xod eurrondeted.
<br />1. Tha eovcnanta heroin contained shall band and the benefits and adva+ttages shall inure to the reapectivr suc-
<br />cessors sad assigtte o! the partaee hereto. Whenever used, the singular number shell include the plural, the plural the
<br />eingalar, and tht sae of any gender shall include ail gendere.
<br />$. No waiver v[ any covenant herein ar u( the obligation secured hereby ehull at ant time therraftrr be het+I
<br />W be ^ waiver of the terms hereof or of the mote secured hereby.
<br />4. A judicial decree, order, or judgment holding mr}' provision or purtimt of this iuatrun+etet atnalid ur ua+c•u-
<br />fot•~able shall not in any way impair or prechtdc the c»forcement of the remaining ltrovieiona or portions of this
<br />lnatrnment.
<br />10. Any written solace to be aaeued to tht mortgagor pursuant to the provieicna of this instrument shall be ads
<br />dreredto"tP:ttattrtgagorat 908 N_ Howard, Suite 105, Grand Island, NE 68801
<br />and any written notice to be issued to the mortgagee shall
<br />f:e addreeesd to the aaortgagcc at P.G. 13ox 1507, Grand Esland, NE 68801
<br />YBA vonm vttl at-t yt
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