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x 6. In the event said property is sold at a judicial foreclosure sate or pursuanU to the pa~wer of a sate her~t:Gnabove granted, and ilea proceeds are not sufficirnt to pay the total irsdetvtedreess secured by this instrument and" evidenc- ed by said promissory note, the mortgagee wilt !~ entitled to a deficrrncy judgement for the am ; •nt of the deftcierrcy without regard to op;traisement. 7. In the event the mortgagor faits to pay any federal, state, or local tax assesment, incorne tax oc other tax Lien, charge, fa or other expense charged against the property the mortgage is hereby authorized at its option to pay the-same. Any sums so paid by the mortgagee shall be added to and become a part of the principal amount of the indebtedness evidrnc~ by said note, subject to the same terms and :onditions. If the mortgagor shaft pay and discharge the indebtedness evidenced by said promissory note, and shah pay such sums and shall discharge-alt taxes and liens and the cosec, fees, and expenses of making, enforcing, and executing this mortgggt, then this mortgage shall be cancelled and surrendered. 8. The covenants herein contained shall bind and -the brnefirs and advantages shaft :pure to the respective successors .#-+ - and assigns of the partite hereto. Whrnever used, the singular number shatl include the piurel, tht plural the singular, and [he use of any gender shalt include all genders. C 9. No waiver of any covenant herein or of the obligation secured hereby shall at any time thereafter be held to be a~ waiver of the terms hereof or of the note secured hereby. ~ 10. A judicial decrce, orde€, or judgemrnt holding any provision or portion of this instrument invalid or unenforce-~ able shall not in any way impair or preclude the enforcement of the remaining provisions or portions of this instrument. 11. Anywritten notice to be issytgLd to the mortgagor pursuant to the provisions of this instrument shalt be addressed to the mortgagor at 2 4 West John, Grand Island, NE and any written notice to be issued to the mortgagee shall be addressed to the mortgagee at 42d 1+ 3rd P O Bose 20oti ^rand Island. DIE IN WITNESS WHEREOF, the mortgagor has executed this instrument and the mortgagee has accepttd delivery of this instrument as of the day and year aforsaid. i - Joe ~ ......./ ..................... anon L. Hofflt~n Executed and delivered in the presence of the following witnesses: ............................... . .. • =Add Apprep~iate,~i€anrawltdgetri~n[; STATE fJF NEBRASKA ~ Before me, a qualified Notary Public, personally appeared ~_ Joel C Hofftnatt and Sharon L Hoffman COUNTY OP Hall known to the to be identical person or persons who signed the foregoing instrument and acknowledged the execution Fhertaf [o be ~ _ voluntary act and dent. Wetness my hared and Notarial Seal on October e , 19 81 . (SE ~a4 4 ergs t4 leas Notary Pub - IvIy Commission Expires /1~ Z f , t9 ~2 . STATE t3F•NEBidASIiA ~ Before the a qualifted Notary Public, personally appeared '- ' CCIUNTY t1F ss. President of a c~poration, knowtl fo me to be the- President and identical person who signed the foregaing instrument, and atkpowledged the exetutott thereof to be-his vo{utttary act attd deed as such officer and the voluntary act and deed of said corpora[iott and that its corporate seal was affixed thereto by its authority. _ Witness my hand end Notarial Seal on _, 19 X1.1 - --- Notary Public hSv Commissioa Exssires _____ „~, t9 _.~...