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<br />~e.... n C!.Or d 124
<br />84- 002670
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<br />3. Thf' mortgagor covenanh; and agrees that if he ~haJl f.illo val eaid indebtedneee or an~ pari thereof when
<br />due, or aha)) rail to perform any covenant or a~reement of this instrument or the promiHsory nolf' secured -hereby, the
<br />entire indebtedness hereh)' 8ecured shall immediately become due~ payable. and collectible without notice, at the
<br />option of the mortgagee or atulJigns, regard leas of maturity. and the mort,.;agee or his a8!illlls may before or after entry
<br />tell laid property without apprai~emf'nt j the mortgoJiCor havinfot waiverl ami iI~Sil!llf>fi 10 the mort",a~ee all rilithts or
<br />,fppraillement) :
<br />
<br />84.'-
<br />
<br />001't'63
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<br />II; at judicial 881t" pUfeuanl to the provisions of %8 U.~.C. 2001 I a j ; ur
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<br />(II) at ~he option o( the mortgagee, either by auc~ion or by .olicilation o( sealed bid.. for the hisJ>e.t and
<br />heot bid complying with Ihe term. of sale and manner of payment .pecified in the publi.hed notice o( .ale, tint
<br />giving four weeks' notice of du. limp. terms, and plact' of ~u('h lSalet h~- aOYf:"rtll'i~me"t nol Je,.~ than OIlC~
<br />during each of ..id (our week. in a new. paper puhli.hed or di81ributed in the counly in which ..id propeny
<br />it I!lituated. all other notice being hereby waived by the mortgagor (and said mortgagee, or any penon on
<br />behalf of .aid mortgagee, may bid with Ihe unpaid indebledne.. evidenced by .aid no~e), Said .ale .han be
<br />held at or on the property to be sold or at the Federal, county, or city courthouse for the county in which the
<br />property i. located, The mortgagee i. hereby aulhorized 10 execute (or am! on behalf of the mortgagor and to
<br />deliver to the purchaser at such 8sie a sufficient cOllveYiince of iaid property, which CGnv~y:nee sha!! ecntam
<br />reeital. as t. Ihe happening of the default upon which the eucution olihe Ji..w~r,j>( ..Ie herein granted
<br />depend.; and the said mortgagor hereby con.titut... and appoinll the mortgagee orally~agent or attorney of the
<br />mortg.~~ the agent and attorney in fact of laid mortgagor to mak.e.-.'Iueh -reeit.I,.;~"4 to execute aid
<br />conveyance and hereby covenanll and agreea thaI Ihe recital. 10 made~.han be effectual ii, bar all equity or
<br />right of redemption, homestead, dower, and all other exemp.ioni!i'oft:the n'or'.,:all-or~_aJl:~oJ" ~hich are hereh~'
<br />expreNly waived and conve~.t"d to the mortgat(t>e ~ or
<br />
<br />4, The proceed. of any ...Ie of .aid property in .ccordance with the preeedinlJ"~r"
<br />to pay the coo.. and ex~. o( oaid ..Ie, Ihe expen_ incurred hy the mortlJallee{6r"tti.e"~" ~
<br />taining .aid property. and rea.onable auorneY8' feeto~ secondly, lo-piA)' the iude"e-ch~8IJ, 8fl~J.i;~
<br />to pay any Aurplu. or eX~M to the pt"r80n or peuon$ legally entitled thert"to. : ~ : . [:"'- ;
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<br />
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<br />(III' take any other apprOp,.ialt" action pursuant to slate ur Federal "lallll~ either' in ~talt.. ur l't~tleraJ
<br />court or oth~rwj8e (or the- di.poeition of tht" properly.
<br />
<br />In the event of a .ale .. hereinbeiore provided, the mortgagor or any penon. in p_ioa under the mort.
<br />gagor shalI then become and be lenanl. holding over and .haIl forlhwith deliver po.....ion 10 Ih. purch...,r .1
<br />8uch ..Ie or be .ummarily dil!-po8lJeMed, in accordaDce with the provi.ionl oll.w iIIpplicable to lellilJlt.fl holdintt over.
<br />The power and agency hereb)' granted are coupled with an inte-rell and are irrevocable-by death or.-u:th-erwi8et 1tml
<br />an granted .. eumul.tiv(> to the remedies for collection of sai.-i indebtedneg pro'Vided h~. law.
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<br />5, In the event.aid property i. IOld .t a judici.1 foreclOllure ..Ie or punuant ti> ~be';pl!~"or,;~~hereinahq1e
<br />granted. and the proceed. are not .ulIicient to pay the total indebledne.. ""cured by, lbi,'in.t...~..t',ad evidenced by
<br />.aid promiMory nole, the mortlJagee wilI be entitled 10 . deficiency judll"'ent (or the a",,"","l uf;tIo~~de~ieac:y .....".,.,
<br />reprJ 10 ap,...._.
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<br />6. 10 the event the mortgagor faila to pa) an) ""ederal. $late. or local taJl,. ...~eut. incQnu~ lax or other lil:\.
<br />lien, charse, fee, or other e"penae charged agai...1 tbe properly ~he nlorlllallee i. hereb)' autllori.ed at hi. option Iu
<br />pay the tame, Aay &UlDlIO paid by' the morlgagee .ball be added to and become a parI of Ibe principal amonnl of tltc
<br />iadebtedne. evidenced by oaid nole, .ubj<<t to the oame ~erm. and conditiona. I( the mortllallor ahall pay and
<br />diacbarlle the indebted_ evidenced by .aid promiNory nole, and .hall pay .uch .um. and shall diodaa. all
<br />llUI and ll_ and the """I&, 1_ and expenaa of maki"l!- enforcing, and e.ec..tinlJ thi. mortgalJe, then thi. mOrllJap
<br />.hall be -W and .unendered.
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<br />7, The cov_1I hereia COAlaiDed .hall bind an,! the bene fill and ad,.olaKe. .hall innre to Ihe re'J.eclive .nc'
<br />c_ and uaipa of the parti.. hereto. 1l'heno:ver uaed, the .ingular number .haIl include the pl..ral. the plural the
<br />oiapIar. ..... the _ of any seader than "",bide all paden.
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<br />8. No waiver of any covenant herein or uf the obligation _ured hereby .h.1I at .n) time thereiOfter be helll
<br />10 he a waiver of the tee_ hereof or o( the note _..red hereby,
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<br />9* A jadiciaJ cJet.ree. order, or jud.meot holding au)" lJ-roviaioll or Jlortiou of .hi. !u.trument invlllid ur lUU~U'
<br />foreealde eh.lI DO' io aD)' way impair or preclud<e the enforcement or the remainan!, Inovi~io". Q,r 'lortion. of thi.
<br />i__t.
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<br />10. Nay wri._ .....ce ... be i.ued ... the mort..,... pun.....t to the proviaiCDO of Ihi. inllrument .ball be ad.
<br />....... ....... .......... at
<br />
<br />.....w.-M~.. ....~-.... at
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<br />ad ...y wriUen notlee to be ioaued to Ihe mort.... thall
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<br />'I~A t"i)~.. "1:1 tz....,.,.l
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