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<br />3 The mortgagor covenants-sad agrees that if he shall fail to pay said indebtedness or any part thereof molten
<br />due, or shall fail to perform say covenant or agreement of this instrument or the promissory note secured hereby; she
<br />salter ia~btednesa hereby secured ahallimmediately becomedue,. payable, and coTicctible without Holier, at the
<br />option of the mortgagee or assigns, regardless. of maturity, and'rhe mortgagee or his assigns may before or after entry
<br />seH said property withant appraisemtnt (the mortgagor having waived and assigned to the mortgagee all rights of
<br />appr~iisement } ;
<br />I t 1 ar judicial sale puraaant to the provisions of 281J.5.C.. 20(111 a) ; or
<br />(n) at-the option of the mortgagee, either by anctioa or by eoGcitation of seated bids,~for thr:highestand
<br />best bid complying with the etyma of sak and manner of payment specified in the published notice of aale,.fust
<br />giving four weeks' notice of the time, terms, and place of such sale, by advertisement not lees than' oiitx
<br />daring eath of said four.veeka ins newspaper published or distributed in the county in which said property
<br />u situated, all other notice bring hereby waived. by the mortgagor (sad said mortgagee, or say person oa
<br />behalt of said mortgagee, may bid with the unpaid indebtedaeaa evidenced by said note.}. Said sale ahail be
<br />heid-at or on the property to be sold or at the rederal, county, or City cour[houae fac the cotutty ir. xhi-.~ the
<br />property is located. The mortgagee is hereby authorized to execute for and on lxhalf of the mortgagor an$ to
<br />deliver to the purchaser at such sale a suR°ecient conveyance of said property, which cnnatraace shall contain
<br />teeitaL as to the happening of the default upon which the ezecutinn of the power oP sale herein granted
<br />depwds; and the said mortgagor hereby constitutes and appoints the mortgagee or any agent or attorney of the
<br />ntortgttgse, the agent and attnru-ey is fact of acid mortgagor to make such reeitala and to execute acid
<br />cmreyanee atsd .hereby sovtaants and agrees that tht recitals eo made shall be effectual to bar all equity or
<br />right of redemption, hatuesttad, dowry, and all other exemptions o€ the mortgagor, at1 of which are hereby
<br />czpt~ersly waived and coavtytd to the mortgagee; or
<br />f ttt} take say other appropriate anion pursuant to .state or Federal statute tither is start or Federal
<br />cawR or otherwise for the disroaition of the property.
<br />in the event of a oak as hereiaabove pnvided, the mortgagor or any person Tn possession under the mortgagor shall.
<br />rhea become sad he tenants hoidtng over and sha11 forthwith deliver possession to the purchaser at such sale or be
<br />summarily diapoesesstd, is accordanet with the provisions of taw applicable to tenante holding over. 'a'lit power
<br />sad agency hereby granted are coupled with an interest and are irrcvocshie by death or otherwise, and art granted
<br />as cmm~latire to tins, remedies tar oollettion of said indebtedness provided by taw.
<br />a The ptoaxxda of any sale aE said propcrtp in accordance with the precedxag paragraphs shall be applied brat
<br />to pay the coats awd expeasta of said sale, the expenses incurred by tht mortgagee for the purpose of protecting or main-
<br />taining said property, sad reaaanable atiorntvs' lets; sec+tndly, to pay the indebttdnesa aecurcd hereby: and third#y,
<br />w pay any surplw ar excdss to the pettwn or persons legaily entitled (hereto.
<br />"a« Ia the setae said property is sold at a jndiei:] fomlosure sale ar puntunt to tht power of salt hereinabove
<br />granted, and the proceeds are sot suiicieat to pay the total indebtedness atenrtd by thin instrument sad evidenced by
<br />said promissory soil, the mortgagee wii2 be entitled to w deficiency judgment for the amount of the deficiencywithaut
<br />regarrtl to apfersysetrtawt.
<br />6. to the event the mortgagor tails in pay sap Federal, start, or local tax asstesnsent, income tax or outer tax lien,
<br />charge, fee., nr outer exptne~ charged against the property, the: nwrtgagee is hereby authorized at hi.t option tct pay
<br />the same. Any anms so paid by the mortgagee. shall bt added to and become a part of th* principal amount of the
<br />'sndebteKlneas evidenced by said note, subject to the same vrrna and coaditiorre. ff the mortgagor shall fray and
<br />disrttarge the indebttdnesa evidenced by said ltromissciry note, and eha16 pay such sums and shall discharge all taxes
<br />sad liens and the caste, lets, and expenses of making, enforcing, and executing this mortgage, then thin ntortgagt
<br />shall he caaceltd arr3 surrertdered_
<br />P. The covenants herein contained shall hind and the 1~enefits and advr.ntages shall inure to the respective auc•
<br />oessarr sad aseigets of the. parties hereto.lPlteaever tread, the singular number shall include :.he plural, the pitaraf the
<br />siagohtq sad the true af' any grader shalt iaelttdt all genders.
<br />8. Pio waiver of any coveasat herein or of the obligation secured hereby sha11 at any time tltertafter be held
<br />to be a waiver of the ttrstu hereof or of the note. atctired hereby.
<br />9. Ia otrmpliance with section 191.1 {d } of xht Ru1a sad Rtgutations of the Small Bttsiaeas Administsatioa (13
<br />C,F.R. 151.1 {d1 ~, Chia itaarttateai is to he coastzued and enforced itt accordance with applicable Federal taw.
<br />I5 A jttdirial, decree, ordtr, or judgment holding any pwviaion or portion of this instrument invalid or ttn-
<br />enlortealte sh~tlk Hat: in any way impair ar preclude the eaforceatent of the remaining provisions or portions of
<br />this instrttmtat.
<br />G xr~ v ~ aitl
<br />%aA Vw,i, 4sT 3b'Tai
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