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<br />84 -- 004098
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<br />3. The mortgagor covenant. and agr_ thai if he .hall fail 10 pay .aid indeblednea. or anyparllhereof\vben
<br />r d..... or .hall fail ~o perform any cove"ant or agreement of this:i".trument Or the promi.""rynOle seeuredhe.ebYithe
<br />I entireindebtedneaa hereby secured .hall immediately become due, payable, and collectible withoutitotite~,al ,the
<br />option ill the mortgagee OF a8EIjRD6~ regardless of maturity~ and the-mortgagee or hh; 'assign8 nh"y'b~fo.re or aft~I':-en~rr
<br />sen ...id property wilh"Ul appraisement Ilhe morlga~or ha"in~ waived and a""i~ned to Ihe morl~al!ee allrighl&of
<br />approioement) :
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<br />(I) al judicial &ale pu...uanl lu Ihe provi.ion. of 28U.S,C, 2001 la); ur
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<br />(II) at the option of the mortgagee, either by auelion or by solicitation of..aledhidt;;forthe,bi~i;olt.~d:.
<br />best bid complying with the term. of &ale andmoODer of payment.pecified in the publiahed, noticec oh.leiliti!t,
<br />giving four week&' notice of the time~ term~ and place of such sale, hy iuhlerti~nlent-'not:J~ti-'tI~~n';uilptt;
<br />during each of aaid four weeh in a new.paper publi.hed or distributed in theeounty,inwbich,eilid'pfopllrtjr' '
<br />ia situated, all other notice being hereby waived by thc mortgagor (and 'laidmortgagee,or.nY"~n"oit.,
<br />behalf of &aid mortgagee, may hid with the unpaid indebtedn... evidenced by said note), Said oale,ahalH,., ,
<br />held at or on the property 10 be aold or al Ihe Federal, county, or city eourthouae (or the county in witichithe
<br />property is located. The mortgagee is hereby authorized ~o execute for and on behalf of the'mortgagorand.,to,
<br />deliver to the purch....r at .uch ole a .ufficient conveyance of taid property, wbichconveyanee.balh,olttlUn:_
<br />rec:ital& .. to the happening of the default upon which the execution of the. power of-.ill""bereinz.~
<br />dependa: and the ..id mortgagor hereby conatitutet and appoinla "'e mortgagee or any agent or,attomey,of,th,,:
<br />mortgagee, the ageDt .nd attorney in fact of ta,d mortga8'l' m.ke .ueh reeitalaand,tozexccu!!!:..hi
<br />conveyance and hereby covenanll .nd asreea tha 'e reeitala 10 made .hall he eJleetualto barallequil)'cor
<br />right of redemptioD<t- homeelead. dower, .and all other exenlptiona of the mort,calfor; all of whieh:are-nereby
<br />expreeel~' w~3.ved and conve')Oed to the mortgagee; or
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<br />i, uu take any other apvtopriale ..ctiOll pUr&u*nl to totate or Federal ~latule t>ither in litale or Fe,l~ral
<br />l~ourt or othf"t'Wlee for the di-epoaition of the properly.
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<br />In the event of a ..Ie.. hereinbefore provided, the mortgagor or any per80na in p..-ion undarthe mort-
<br />gagor shall then beeome and be lenants holdin~ over a'ltl .hall forthwi~h deliver po.._ion 10 Ihe pu",haaer al
<br />aueh sale .or be ,i!lummarily di8~~~ in a\~ordance with the provieion8 of law applicable to tt!ntUlt~ holdiuJl. -over.
<br />The, power and ageoc} h~reby I<.rant~d are coupled with a.il intere6t anti ar~ irrevocable b}' d-eath or otherwil'et and
<br />are granted ... cumulative to th~ rente-die. for collection or fOai~i inde-btedneM provided h~. Jaw.
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<br />4. The proceeda of any ..Ie of oaid property in accordance with the preeeding paragrapha .hall be applied lint
<br />10 pay the _ and expe_' of ..id ..Ie, ~he upen_ incurred h" Ihe mortgall"e for ~he purpooc of protectincor main-
<br />taining uid pcope.rty~ and ~~ahle aUorneys' fe~, 8e.cundJj., to, pa) the iW1.ebtC"dneN5 ~cured. he-reD)'; and tnir,Uy.
<br />to, ~y any a.urpiua or excea to the pe-non or penous- Jellalh' entitled thereto.
<br />F~;:Y;, ;::-~ '~ ._. "";:-;;;:-A"-i '
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<br />I L.lA.!"te~t~~~~~~v ia told al a judicial foredoou~ ..Ie Or pu....uant tu the power of ..Ie hereinabove
<br />\r.... I.. p~:tf aq, t sullieient 10 pay the total indebtedn... ...cured by this imtrumen.t and evidenced by
<br />&aid promiMory nOle, the mongagce ...iIl be entitled to a deficiency judpten~ (or Ihe amount u( the defieieJKy wiIIaoul
<br />Nlprd fo .p~.
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<br />6.. III the e\'enl the lUor18ag"n r.il. to Poll) an) Feder_I, elate, or locii-J ta. .Mei6Uleut, income tax or other tax
<br />Ii.... cbarge. fee, or other expense charged ag,ainal tI,e properly ~he mortgagee i. hereby autlloriaed at hi. ol,tion lu
<br />pay the aame. Any sumo ... paid by the morlgagee &hall be added to and become a port of Ih. principal amOIt"1 of thc
<br />inclebt;edneu evidenced hy oaid note, .ubject to the oame ter,", and condition&. If the mortgagor &ball pay and
<br />diaebarp the indebtedneto evidenced by .aid promiaaory no~e, and .hall pay .uch sun.. and shall dioebarge all
<br />tax"" and lieaa and the coato, f..... and expen>e8 of making, enforcing. and executing thia mortgage, then thi. mortgage
<br />.ball be eauceled and .urrendered,
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<br />1, n.e covenanlt herein contained ahall bind and the henefila and "d,anlage. .hall inure 10 Ihe r..ped,.e ,..e.
<br />~ and ........ of the partiea hereto, Wben...er need. the ""lUlu number .h.lI include the plural, the plural the
<br />ainplar. and the _ of any gender aball inclnde all gendeR.
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<br />8. No waiver of any covenant herein or of the obligation .""ur.u he~hl .hall al an} lin.., Iher..her Ix: he'"
<br />10 be a waiver of the terma he~ol or of the note ...cured he~b)',
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<br />9~ A iu.cli" decree. order, or judpuent holdiol aUl provwou or vutliou of lhle hl.lruluenl Ju.'ut,lhJ or UUt'U.
<br />f~ .ball QOt io aD1 way impair or preclude the (>nroN-emenl of the remainintf. l'fu\'iliom or Iwrtione of thi.
<br />i...u-t.
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<br />10. All, w~ -"'" to be ioaued to the mort,..or pn.....ant 10 the pro.itie... of thla inltnunenl &ball be ad.
<br />--"totJ,..~at
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<br />II. ..w-a to u.. -'1" at
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<br />'Dd ."y ...ritt_ "oli"" to be ...ued to the mort,."... .hall
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<br />';;'''''.> "l"'<1....
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<br />'.A "'Qj\~ .,. ~l..ni
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