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<br />���s`7 3. 7'he mort i �or covenants and u reee Ihnt if 6c shall fail lo �a naid iudchtrdncau or an iart Ihereo[ wl�en
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<br />""�:•;� duc. or uLull fail to perfunn a��y covenant or agrecment of t6is instrument ur the promissory� note secumd hereby, t6c
<br /> n $' entire iudeLtedneFa I�ereLy secured shall immediately become dur., payable, and collectiblc Nithnut notice, at the
<br />��� O ition o� t��e mort �� •ec or aesi ne, re �urdleds of muWril �
<br /> � � F {,, �, K R y, and the mort�agee or his aesiRns may before or after entr}'
<br /> eell eaid prupert}' witliout :1l1�1CJIXCIIICIIL ( LIIC IIIOC��:IF;O[ havinR �raived and assi�ned to t6e mortqa;;ee all ri�;hts of
<br />,, j apprnieement ) :
<br /> r ( i ) nt judicial salc purauant to the provisiuns u( ?II U.S.(:. 2001 ( a ) : or
<br /> � ( u) nt Ihe option of the mortgngee, either by auction or by eolicitation of eealed 6ids, (or tl�e higheet and
<br /> ' s beet bid complying with the terme of eale ond manner of payment epecified in Aie publie6ed notice of e•rle, firat
<br /> Fiving tour �rceke' noticc of tltc time, terms, and place of such eale, by advcrtieement 110� �868 than once
<br />'r . durin� eacL of eaid four �viceks in a newspaper published or distributed in tf�e coimty in which eaid propert}•
<br /> �' '' ie aiwated all other notice bein hereb waived b the mort �a �or and eaid mort � ee, or an eraon on
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<br />� ; Lehnit of saiJ mortgngee, mny bid with the unpaid indebte�neee evidenced by eaiJ note) . Said eale ehull be
<br /> held at or on the property to be eold or at the Federal, county, or cit}• wurthouee for the coun!y in which tl�e
<br /> properiy ie lucated. The mortgagee ie I�ereLy authorized to execute for and on hehalf o( the mortgagor and to
<br /> deliver to the purchaaer at sucl� eale a eufiicient cenveyance af eaid property, which conveyance ehall contain
<br /> tecitaln es to the happening of the default upon which the execution o[ the power o! eale herein granted
<br /> depende; and the enid mortgagor hereby conetitutee and appointa the mortgagee or any agent or attorney of the
<br /> mortgagce, the agent and nttorney in fact of eaid mortgagor to make euch recitale and to ezecute eaid
<br /> wnveynnce and hereby covenanta and agrees thut tl�e recitale eo made shall be rffectual to bar ull eyuity or
<br /> ri�:6t o[ redr,mptiou, 6omeetead, dower, and nll other exemptim�s ot the mortFngoq all of wLich are hereby�
<br /> expresely �vai�•ed and com�cyed to the mort�agee ; or
<br /> ( ttt ) take any ot6er appropriate action pursuant to stute or Fr.deral statute eilher in state or Federal .
<br /> court or othenvise [or the dispoeition of the property.
<br /> In the event of a B:IIC tlti hereinabove procided, tl�e inortgagor or any person in poaneesion m�der tl�e mortga�;or ehall
<br /> then become and be ten•rnts holdin� ovcr and e6a11 forthwith deliver pocse+sion to the purc6aser at such sale or be
<br /> eummnril�• diapoEses�ed, in accordance rvith the provisions of I:�w A�1�)LCHF)�P. 10 tenants 6oldinR orer. The poµer
<br /> and aFency hereby granted are coupled wilh an intereet and ure irrc��ucablc by death or othera�iec, and are �:ranted
<br /> . as cunnilati��e to the remediea for collectim� q( said indeb[edncss prorided by law.
<br /> 4. The proceede of any enle of aaid property in accordance with the preceding paragraphe ehall be applied firet
<br /> to pay the coete nnd expenses of eaid eale, the expeneee incurred by the mortgagec for the purpoee o( protecting or main•
<br /> � ainin�; said propertc. aud reaeonaLle attorne�'e' fees ; secandly; to pay the indebteJuess �ecured 6ereb} : and thirdl}�,
<br /> to pay uny eurplus or excess to the ��eteon ur persone IeFalk entitled thereto.
<br /> S. In the eventeaid property ie eold at a judicialforecloeure sale ar pursuant to the power of enle hereinubove
<br /> granted, and the proceeds are no[ eu($cient to pay- the total indebtedness eecured hy Ihie inetrument and evidenced by
<br /> t. - eaid promisxory note, the mortgagee will be entided to a deFiciency judgment tor the amount o[ the deficiencytuithout
<br /> regard to appraieement.
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<br /> 6. ln tl�e e��ent the mort�:a�or fail� [o pa�• unr Federal� NL'JIt. OI IUC:II I8X 8�'Cr5f11CIll. IRCUftlC' 11X U� OIIIY[ l�X IIC[l.
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<br /> C�1�[�C� fCL•� O� O�III•f l'YfICI19C l'Il 'Jf�;C1I :Ir81IlFl IIIG �1lO�)CI'(\'. (�IC IOOfl �O�!.L'C IF �Il•fC�)1' 8111 �10�1"LCf� �I �II.� U'1( IOII (U �l:l{'
<br /> 1 ; d�e same. Anq Rume so paid Lp the mort�agce shall bc added to and Lecumc a p�rt of the principal amount of thc
<br /> indeblednc« ecid�•nmd Ly said nole, subjecl to ILc s:nuc tennc and �•ondition;. .I � hc mort;;a�or ehall pac and
<br /> di�c6ar�e thr, indebteJness e� idrnced Lc �aid protni�sory nute. and �h:�ll pay suc6 eums aud Fhall discharFr. all tases
<br /> �" and liens and thc cosL;, fece, aud c�penees of makin �, �•nforcin�, :ind exceutin� thi< mort�;age. then thia murt�_a�;c
<br />�' • j =hall be wnceleJ and eurrcnderrd.
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<br />: ,�:; 7. The covenants hcrein contained shnll bind and tl�e Lene(its and adeantaFee ehall inurc to thc respectire euc•
<br /> R�,�� ceaeoro and aeaignn of the partiee hereto. Q'heneeer ueed, the sinFular number ehall include thc plural, the plural the
<br />���'e> eingular, nnd the uee o! any gender el�all include nll gendere.
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<br />',,+,'+,�: 8. No waicer of any covenant herein or of the, obli�;ation secured hereby ehall at any time ihereaiter be held
<br />'r.�, �` to be a waicer oi the terma hereo[ or of lhe note secured lierebv.
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<br /> y, ;, 9. In compliance with eection 101 .1 ( d ) o( the Rulce and Re�,vlatione o( the Small Businesa Adminietration [ 13
<br />����i C.F.R. 101.1 ( d ) ], this inetrvment ie to be conetrued and en(orced in accordance with a hcable Federal law.
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<br /> s�� !0. A judicial decree, orJer, or fi�d�nent holding any proviaion or portion o( this instrument invalid or un-
<br />���b en[orceable ahnll not in any wa�• impuir or precludc the enforcement of thc remainin � �rovisions or N . '
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