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<br /> 3. The mortgagor covenanw and agreea that if he shall faillo pay aaid indebtedneea or any part thereof when
<br /> due, onehal] fail to pertorm any covenantor agreement of this ins[rument or the promieeory note secured hereby, the
<br /> ' � entire indebtednese hereby eecured ehall immediately become due, payable, and collectible without notice, at the
<br /> option of ihe mortgagee or asaigne, regardlese of maturity, atid the mortgagee or his aseigns may before or aiter entry
<br /> ee11 Baid property without appraieement ( the mortgaqor huvi�ig waived and asai�ned to the mortgagee a11 rights of
<br /> appraieement ) :
<br /> f � ) at judicial sale •purouaut to tGe provisions of 28 U. S.C. 2U01 ( a ) ; ur
<br /> ( ic ) at t}xe option of the mortgagee, either by auction or by solicitation of sealed bide, for the higheet and >
<br /> best bid complying with the terms of eale and manner of payment specified in the publiehed notice of eale, firet
<br /> �iving four weeks' notice of the time, terms, and place uf euch sale, by' advertihement not leae t6an once
<br /> during each of eaid four weeke in a newspaper published or dietributed in the county in which eaid property
<br /> is situated, all other notice being hereby waived by the mortgagor ( and eaid mort a ee, or any pereon os
<br /> behalf of eaid mortgagee, may bid wiih ihe unpaid indebtedneea ev�en��gega'�mR�pAp ehal! be
<br /> heId at or on the property to be eold or at ihe Federal, county or cic�y c hou&bs`�l�e� in hich the
<br /> property is located. The mortgagee ie hereby authorized to esecute for �diYf�F"� or and to
<br /> deliver to the purchaeer at auch eale a eutScient conveyanca of eaid property,whic co�nvey��ance ehall contain
<br /> recitals ae to the happening of the default upon which the execudon of the power of aale herein granted
<br /> depende ; and the eaid mortgagor hereby conetitutee and appointa the mortgagee or any egeut or attorney of the
<br /> mortgagee, the agnnt and attorney in fact ot said mortgagor to make euch recitals and to execute aaid
<br /> co�veyance and hereby cavenanta and agreee ahat the recitals eo made ehall be effectual to bar all equity or
<br /> right oE redemption, homeeteud, dower, und all other exemptione of the mortKa �or, all of which are hereby
<br /> exFsresely waived and conveyed to the moctgagee ; or
<br /> ( ui ) take any other appropriate aetion pureua�it to a[atu or �'ederal atatuie either iii Ktate ur , h'ederal
<br /> t court or otherwiee for the diepoeition of tfie property.
<br /> In the event of a' eale as hereinbefore provided, the mortgagor or anp pereons in poseession under the mort•
<br /> gagor ehall then become and be tenanta holding over and shall forthwith deliver posseeaion to the purchaeer rt
<br /> such sale or 1►e eummarily diaposaeeeed, in accordanee with the provieions of law applicable to tenante holding over.
<br /> The power and agency hereby granted are coupled with an intereet and are irrevocable by death or utherwiee, xnd
<br /> are granted aa cumulative to the zemediea for collection of said indebtednees provided b� law.
<br /> 4. The prpceede of any sale ot eaid property in accordance with the preceding paragraphs ehall be applied firei
<br /> to pay t6e coets and expeneea of aaid eale, the expeneea incurred by the mortgagee for the purpose of protecting or main-
<br /> taining said property, and reaeonable attorneys' feee ; secondly, to pay tl�e indebtednesa becured hereb� ; an�i thirdly,
<br /> to pay any eurplus or exceee to the peraon or persons legally entitled thereto .
<br /> y 5. In the event eaid property ie sold at a judicial foreclosure aale or pureuant tu the power of eale hereinabove
<br /> granted, and the proceede are not sullicient to pay the total indebtedneae eecured by thie instrument and evidenced by
<br /> eaid promiseory note, the mortgagee will be entitled to a deficiency judgment for the amount oi the deficiency without ,
<br /> regard to appraisemereb
<br /> 6. In the event the mortgagor faile to pay any Federal, state, ur local tax aaseesment, income tax or uther taz
<br /> lien, charge, fee, or other expenee charged against tl�e property the mortgagee ie hereby authorized at his option tu
<br /> pay the same. Any eume eo paid by the mortgagee ehall be added to and become a part of tl�e principal umount of tlic
<br /> indebtedneas evidenced by eaid note, eubject to the eame terms and conditione. If the mortgagor ehall pay and
<br /> discharge the indebtedness evidenced by eaid promissory note, and shall pay euch eume and ahall discharge all
<br /> � taxee and liene and the coata, feee, and expensee of making, enforcing, and executing this mortgage, then thie mortgnge
<br /> ahall be cauceled and surrendered .
<br /> 7. The covenante herein contained ehall bind and the benefita and advuntagea ahall inure � u tt�e renpective Duc• t
<br /> ceeeots und aesigne ot the partiee hereto. Whenever ueed, the aingular number ahall include the plural, the plural the
<br /> aingular, and the uee of any gen�ler ehall include all gendere.
<br /> 8. No waiver of any covenant herein or uf the obligadon xecured hereby ehxll at :+ny � ime therrafter lae held
<br /> to be a waiver of the terms hereof or of the note secured hereby.
<br /> �f . . �� . - . . . . � . � � . . � rn.a { -.. � ..� ¢, , .
<br /> 9. A judicial decree, order, or judgment holding any provision or purtion oE tl�i�c iudtrument invalid ur ununr - .
<br /> forcesble shall not in any way impair or preclude the enforcement of the remaining provieions or portions o ! thid 'N �'� ^
<br /> inetrument. �" :
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<br /> 10. ' Any written notice to be iesued tq the mortgagor purnvant to the proviaiona of thie instrument ehall be ad-
<br /> slreaaed to i.be. moa tgaqor at F07� �.CB �+Z Z.�i s�CBii� =S�a •��. "'aS� �s� ,
<br />� and aay written notice Yo be aesued to the mortgagee ehall
<br /> be addreeeed to the mortgagce atPOSt L�SCB B� LES$ � �'ffiY� IB181�� N�8RZC8 �ll �
<br />� � SBA FORM 928 ( 2-73 ) ' �
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