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<br />3. The mortgagor covenants and agrees that if he shall fail to pay said indebtedness or any part thereof when
<br />dole, or shalt fail to perform any covenant or agreement of this instrument or the promissory note secured hereby, the
<br />entire indebtedness hereby secured shall immediately become due, payable, and collectible without notice, at~-the
<br />option of the mortgagee or assigns, regardless of maturity, and the mortgagee or his assigns may before or after entry
<br />sell said property without appraisement (the mortgagor having waived and assigned to the mortgagee all rights of
<br />appraistmeat)
<br />(t) at judicial sale pureuant to the provisions of 28 U.S.C. 2001(a) ; or
<br />(n) at the option of the mortgagee, either by auction or by solicitation of sealed bide,'for the highest and
<br />best bid complying with the terms of Bale and matmer of payment specified in the published notice of uh', 6nt
<br />giving four weeks' notice of the time, terms, and place of such sale, by advertisement not lees-than-once
<br />during each of said four weeks in a newspaper published or distributed in the county in which said property
<br />is sitnated, all other notice being hereby waived by the mortgagor (and said mortgagee, or any person on
<br />behalf of said mortgagee, may bid with the unpaid indebtedness evidenced by said note}. Said sale shall be
<br />held at or oa the property to be sold or at the Federal, county, or city conrthouse for the county in which-the
<br />property u located. The mortgagee is hereby authorised to execute for and on behaU of the mortgagor and to
<br />deliver to the purchaser at such sale a eufiicient conveyance of said property, which ronveyanee shall contain
<br />reel happening default upon which the execution of the power of sale herein granted
<br />de s e cud rm reby constitutes and appbinte the mortgagee or any agc;nt or attorney of the
<br />mo tlie' atalti3 y in fact of said mortgagor to make such recitab and to ezearte said
<br />conveyance and hereby covenants and agrees that the recitals so made shall be eficetual to bar all equity or
<br />right of redemption, homestead, dower, and ail other exemptions of the mortgagor, all of which are hereby
<br />ezpressly waived and conveyed to the mortgagee; or
<br />(nt) take any other appropriate action pureuant to state or Federal statute either in state or Federal
<br />court or otherwise for the disposition of the property.
<br />In the event of a sale as hereinabove provided, the mortgagor or any person in possession under the mortgagor shall
<br />then become and be tenants holding over and shall forthwith deliver possession to the purchaser ai such sale or be
<br />summarily dispossessed, in accordance with the provisions of law applicable to tenants holding over. The power
<br />and agency hereby granted are coupled with an interest and are irrevocable by death or otherwise, and are granted
<br />ae cumulative to the remedies for collection of said indebtedness provided by law.
<br />4. The proceeds of any Bale of said property in accordance with the preceding paragraphs shall be applied Lint
<br />to pay the costa and ezpenees of said sale, the ezpeneee incurred by the mortgagee for the purpose of protecting or main-
<br />taining said property, and reasonable attorneys' fees: secondly, to pay the indebtedness secured hereby; and thirdly,
<br />to pay any surplus or excess to the person or persona legally entitled thereto.
<br />S. In the event said property ie sold at a judicial for«losurc sale or pursuant to the power of Bale henioabore
<br />granted, and the proceeds are not ett6eient to pay the tout indebtedness secured by this instrument and evidenced by
<br />aid promissory note, the mortgagee will be r=retitled to n deficiency judgment for the amount of the deficiency without
<br />rem to sppveisentent.
<br />6. In the event the mortgagor fails to pap any Federal, state, or local tax aseesamen4 income tax or other tax lien,
<br />charge, tee, or o4`ter expense charged against the property, the mortgagee is hereby authorised at hie option to pay
<br />the earns. Any sums so paid by the mortgagce shall be added to and become a part of the principal amount of the
<br />indebtedness evidenced by said note, subject to the same terms and conditions. It the mortgagor shall pay and
<br />discharge the indebtedness evidenced by said prontisaory note, and shall pay such sums and shall discharge all taxes
<br />and liens and rho coats, fees, and expenses of making, enforcing, and executing this mortgage, then this mortgage
<br />ehaA be cantxled and eurrcndcred.
<br />?. The covenants herein contained shall hind and the benefits and advantages shalt inure to the respective sun
<br />ceron a-d aasigres of the parties hereto. Wltenevu used, the singular number shall include the pIaral, the plural the
<br />singuhtr, and the the of say gender shall include all geadera.
<br />8. No waver of any epvereant herein w of the obligation secured hereby shall at any time thereafter be held
<br />ro be a waiver of the terms hereof or of the note eeettred hereby.
<br />9, In cawplianrc with section 101.1 f d) of the Ruha and Regulationr of the Small Bnainas Administration [13
<br />C.F.R, 101.1 fd) }, thin instrttmeni is to be awtetrued and enforced in accordance with applicabk Federal law.
<br />I0; A judutial decree, ardu, or judgtent haldietg any provision or portion of this instrument invalid or un-
<br />~tfie-shall-ttW, in any way impair or prcctude the enforcement of the remaining provisions or portions of
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