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<br /> 78 .�- U02727
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<br /> t �'° 3r T6e mortgagor rnvenante and agree6 that if he ehal) fail to pay said indebtedneee or any part thereof when
<br /> � j d �i� or siaall fail w pedorm any covenant or egteement o[ t6isiinetrument or the promiesory note eecured hereby, the` ¢
<br /> ' ! e�rttirei indebtedneee hereby eecured eha11 immediately become due, payable, and collectible without notice, at thc
<br /> � o Yion of the mort a ee oc aeei ' �
<br /> 3 , p g g gns,''regaidless oC maturity, and. the mortgagee or hia aseigna may betore or after eatry
<br /> 4 'sell sad property without appraieement (the mortgagor having waived a�d assigned to the mortgagee all righte of
<br /> � aPPraieesient) :
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<br /> ( � ) at judicial ealc purauant to the provieione of 28 U.S.C. 2001 ( a ) : or
<br /> ' ; (it) at tbe option of tLe mortgagee, either by auction or by solicitation of xaled bids, for the 6ighest md
<br /> _ best bid complying with the ternu of sale aad manner of payment apecified in tl�e published notice of sale, fint
<br /> ' p,iving four weeke' notice of the time, terme, and ' place oC euch eale, by advertiaement not Ieee than once
<br /> dvring each of eaid four weeke in a newepaper publiehed or diatributed in the county in which said property ;
<br /> ' is aituated, aD other notice being hereby waived by the mortgagor (snd said mortgagee, or any persoa a�
<br /> belaalf of �aid mortgagee, may bid with t6e unpaid iadebtedneae evidenced by eaid nou) . Said wle ehall be
<br /> held at or on the property to be wld or at the Federal, couoty, or city courthoaee for the counry ia whic6 the
<br /> property is located. The mortgagee is hereby aathorized [o execute for aad on behalf of th� mortgagor and to �
<br /> deliver to the purchaeer at such sale a eufTicieni wnveyance of eaid property, which conveyance ehall eontain
<br /> recitab o to the happening of the default upon w6ich the execution of the power of sale 6erein granted
<br /> ; depeads; and the said mortgagar 6ereby conetitutea and appoinu the mortgage� or anq agent or attorney of the
<br /> mortgagee. tbe agent and attorney in Fact of eaid mortgagor to make euch nciu]e md W e:ecute �aid
<br /> conveyance and hereby covenante and agrees that the recitals eo mrd� e6a11 be effecenat to bar all equity or
<br /> right of red�mption. homeetead, dower, and all other exemptiona of the mortgagor, all oF which are hereby
<br /> ; ezpreeely waived and conveyed to the mortgagee ; or
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<br /> ; ( tti ) take sny other appropriate action pureuant to etate or Federal etatute oither in state or Federal
<br /> � court or oth�rwiae for the diapoeition of the property. '
<br /> G In the event o[ a aale ae hereinabove provided, the mortgagor or any pereon in poeeeseion under the mortgagor ehall -
<br /> ; then become and be tenanta holding over and ehall forthwith deliver poaeeeaion to the purchaeer at such eale or be
<br /> ° eummarily diapoeeeeeed, in accordance with the provieiona of law applicable to tenanta holding over. The power
<br /> � and agency hereby granted are coupled with an intezeat and are irrevceable by death or otherwiee, and are qranted
<br /> � ae cumulative to the remediee for collectioa of eaid indebtedneae provided by law.
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<br /> i 4. The proceads of any sale,of said property in accordance with the preceding paragraphs ehall be applied fust
<br /> 3 to pay the eosts u►d upense� of aaid,sale. the expeneea incurred by the mortgagee for the purpoee of protceting or main-
<br /> taining eaid property, and ,teaeonpble attorneys' feee ; secundly, to pay the indebtedneee aecured hereby ; aad tl�irdly,
<br /> � to pay ,arty _eurplue or ezcene to the pereon or pereons legally entided thezeto. °"�` '"
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<br /> ; 5. In the eveat wid propeety is sold at a judicial forecloavre eale or pursuant to ehe power of sale hereiaabove
<br /> jgranted, and the proceeds are oot su�cient to pay the total indebtedneee eecured by ehis instrument and evidenced by
<br /> � eaid petimissory aote; the mortgagee will be entitled to n deficiency judgment for the amount of the deficieney roithorst
<br /> � reaard to approiaement.
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<br /> � 6. In ihe event Lhe moctgagor [aile to pay any Federal, etate, or local tax aseesement, income ta�c or other tax lien,
<br /> � charge, [ee, or other expenae charged agaimt the property, the mortgagee ia hereby anthorized at his option to pay
<br /> � the pame. Any eume eo paid by the mortgagee ehall be added to and become a part oC the principal amount of the
<br /> t indebtednesa evidenced by said note, awbject to the same terens nnd conditionR. If the mortgagor shall puy aad
<br /> i diechar e the indebiedneee evidenced b said romisao note and shall
<br /> ' g y p ry , pay such eums and ehall diacharge all taxes
<br /> , •� and liens and the coata,, feea, and expeneea o[ making, enforoing, and executing this mortgage, then tl�ia mortgage
<br /> 1 e6a11 be can2eled and eurrendered.
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<br /> '� Z Tlie covenan4 herein contained ehall bind and the bene6u and advantaRee ehall inure to the reepective euc-
<br /> � o4+wis and assi�s oE the partiea hereto. Wheaever used, t6e siogalar number ehall include the pinral, the pinral tlae ;
<br /> � singalar. and the use of any gendcr e6a11 include all gmdece. *
<br /> 1 & 1Vo waiver of any covenant herein or of tha obligation eecured hereby ehall at any tima chereafter be held
<br /> a to be a waiver of the terms hereof or of t6e note eecured hereby.
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<br /> ) 9. In compliaaoe with �ection 101.1 ( d ) of ehe Rules and Aegulations of the Small Bunineas Administratioa [13 �
<br /> ' Y C,FR 1011 (d) �T .tfiie instrommt is,to be conetrued and enforced in accordance wit6 applicable Federal law. � : � ,
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<br /> A '# 20. :4� jndicial decree, order, or judgment holding any provieion or portion of thin inetrum�nt invalid or un- ? ' � Y
<br /> � ����t � y ' pair or preclade the enforcement of the remaining provieione or portion� oE �" ' � "
<br /> � , enlotcaabile� ehall noa ua aay wa im
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