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~1--00476 6. In the event said property is sold at a judicial foreclosure sale or pursuant to the powtt of a sale htteinabove granted, and the proceeds are not sufficient to pay the total indebtedness secured by this instrument and evidenc- ed by said promissory note, the mortgagee wilt be entitled to a deficiency judgement for the amount of the deficiency tvith~t nCgard to apyrofsrment. 7. In the event the mortgagor fails to pay any federal, state, or local tax assesrnent, itecome tax or other tax lien; charg;:; ~ ~ athsr-espegse charged against the property. the mortgages is hereby authoriZ~ at i[s option to pay the saute. Any sums so paid by the mortgagee shat[ be added to and become a part of the principal amount of-the indeMedness c+idencal by said note, subject to the same terms and conditions. If the mortgagor shs8 pay astd discharge the indebtedness evidenced by said protnissorp note, and shall pay such sums and shall discharge all razes -and lietes and the costs, fps, and expenses of making, enforcing, and executing this mortgage, Then- this taortgage shall be cancelled and surrendered. B. The covenants herein contained shad bind and the benefits and advantages shall inure to the respective suceeasors and assigns of the parties hereto. Whenever used, the singular number shalt include the plural, the plural the sfregetlar, and the use of any gender shall include all genders. 9. No waiver of any covenant herein or of the obligation secured hereby shalt at any time ttttteafttt be held to be a waiver of the terms hereof or of the note secured hereby. 10. A judicial decor, order, or judgement holding any provision or portion of this instrument invalid or unenforce- able shalt not fn any way impair or preclude the enforcement of the remaining provisions or portions of ehis instrtutmtrt. 1 i. Any written notice to be issued to the mortgagor pursuant to the provisioos of this instrument shall be addressed to the mortgagor at P. O. Box 1732, Grand Island, !tE 68802 and any written notice to be issued to the mortgagee shall be addressed to the mort¢agee at 424 W. Third St P O Box 2006 Grand Island, tiE 68802 Irt wtTtv~ss WtteREOF, the mortgagor has executed this instrument and the mortgagee haz accepted delivery of this ittstrutttrnt az of the day and year aforsaid. j1 ~~ Flains Development: Company ... Bernard E. Horst en .Sy~ ';~''~ c~' .................. Fra:~k'C. Frandsen Executed and delivered in the presence of the following witnesses: .................................................... (Add Appropriate Aeknowtedgement) STATE f3P NE8&ASICA ) ~' 13ef1~ ~ if~otary Publi/ persona~i}r appeared COUNTY ()F +.~.~ ~ ~,o6.~C F~s.rlrY~ -? ktmwn to me to be identical person or persons who signed the foregoing irtstrutnent and acknowledged the execution thereof ut be - voluntary act and deed. Witttess my hand aced Notarial Seat on ~ y , 19 ~. n j ~rg~tMif-NMlrwwn~aa j.~~~ ~~ (SE~4 i 1~OF,lEAf~[ ____ ~!~ t~Iipi;it~rta4nttr's4taas Notary Public ~---___ NlY Com3rtissfan Fatpues f /- ~ r , 19 ~ ~ ~_ STATE E?F Ni?BRASKA ~ Before me a Gualifted Notary Public. personally appeaced -_ __ ( ss. cavrlTrr OF ) President of ____. _ _ __ ~'_..___~~_, a +atian, known to ttte to be tht President atu! identical perm who signed the foregoing instrutnettt, and ac~onule~ed t~ execution thereof to be his voluntary act eud deed as such ofCtcer and the vnluntary act and deed of ~atit>tt awl that is corporate u~ was affixed thereto by its authority. Wittmss my hand aa1 Notarial Seal on _._~_~.. l9 _~_.~ tAL) Notary Publ~ kgYCan~tpiras_.._...__~,...,-..~__..~,_..,.._.._,~, f9