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<br />3. The mortgagor covenants and agrees that #f hr aha14 fail to pat' +aid indebtednesr: or :,nv part thereof when
<br />dslte, or shall fsi! to perform am covenant or agreement of this instrument or the pratuisrary note secured hereby, the
<br />entire indtbtedneaa hereby secured sha#I immediately become due, payable, and collectible without notice, at the
<br />optian of the mortgagee or assigns, regardless of maturity, and-the tnartp;aKee or hi assign: a>eav before or-after entry
<br />ee1~l avid groperty w#tfioui apps#setnent i the martgaKOr }tavang waived anri aasit:ned to the snort#;ager a!! rights of
<br />appraieemtnt3
<br />t t) at }udicia# sale pursoant to the provisiana of 28 L+.S.C. '3i#41 c a ~ ; or
<br />(tt) at the optiaa of the mortgagee, either by auction or by solicitation of sealed bids, far the highest and
<br />best bid complying with tbs. terms of sale and moaner of payment apeeiF,ed in the published notice of sale, first
<br />,~ivinR four weeks' testier of the time, terms, and place ctf arurh .air, ia. :+,{vrrti.ement not I:..+r, than on•r
<br />dnrittg each of said four wteia in a newspaper published or distributed in the county in which acid property
<br />is aiRttattd, all other natiee, being hereby waived by else mortgagor t and said mortgagee, or any person on
<br />behalf of acid mortgagee, may bid with the unpaid indebtedness evidenced by said note i. 4aid eak shall bt
<br />hel$ ax ar on the property' to be sold or at the Federal, count}', or city courthouse far the county to which the
<br />property is Ideated. T`}ta mortga>;te is hereby authorized to execute for ant? on behalf of the mortgagor and to
<br />deliver to the: purclaasez at such salt a atrffecitnt conveyance of said property, whictt conveyance shall contain
<br />recitals. as to the happtniag 'rr xhe default upon which the execution of the power of sale herein granxtd
<br />depends; anti xhe said mortgagor hereby cortuitutts and appoint: the mortgagee or any agent or attorney of the
<br />mortgagee, ells agent sad attorney in feet of raid mart{taRar is make sorb recitals and to execute acid
<br />eaavtyance and hereby caa+enaau and agrees that the. recitals ao made a#ral# be eHtctual to bar alt equity ar
<br />right of redemption, homestead. dower, end all rtthrr exeruptirans of the nsortrrauor. alt of which are itereb.
<br />expressly waived and conveyed to t#se nxortgaIIer: or
<br />+tttt take any' +>ther appropriate arsaatt pursuant to elate +,r #'edrral ~tatauc +•tther in state ur F'rderal
<br />court ar otherwise far xhe diapositian of the #>ropr•rty.
<br />In the ewtat of a sale as bera;txbeforr provided, the martgaROr oar any prrse»ae in pasaraeion ender the mort-
<br />gagorshall thew becotoe and Ire tettaaxa haldina over sect shall forthwith +lelivtr #>asaession to the purehraaer at
<br />wuch salt or be surrtmanly tltap~asseraed, in :accorelance with the prr>viaana of law appiicah#e itt tenantri ho#rlinrt over.
<br />The power and agr:nry hereby granted are raupletl with ate inieresl and art trrecacablt by rieath .+r ut#terwtrre« reuei
<br />ors: graatexl as cumulative to the remctiita for ra#lertina al «aid%ndebtedneaa provided h. law.
<br />4. 'I7se prx>cxeds of say' rak of raid prapertr in aernrdaner with the preceding paraarapha shall be applied fleet
<br />xo pay the cosu rend rxptrxsrs of said sale, else e>prnsn incurred by the real>rtRartre for t#te purpose of protcctinrt or main•
<br />raining said property, and reasouablt attorneys' irc:s, wrotrdly, to pa! etas indehtrdne.,* ~erured hereha : anr9 thinlly,
<br />to pay any sarpleta or rscesa w the perw.te ar #rers+rns legal #v er>tit#ed t#ae ret ci
<br />$. la the event acid prtrpcrty is sold at a judicial forexlttaure salt or pursuanu to the, power of salt hrreinrbovt
<br />graateti> sad 4ht proctctis are cwt suffieienx to pay the; total indthttdnesa secured bq this rrtstrumrnt and. evidenced by
<br />will pratoiewry note, the mortgagee will ba entitled to a defat:iency judgment far the am.+unt ,>f the deficiency wit/tour
<br />re~and to aPW~+sscru,
<br />f>. In the event the mortgagor fails to #>av say F^ederal, .i+ric, or locrl ttx a~,stasmet>t, anr:onsr tax or uxlxt*r tat
<br />lien, tbargt, fee, or allele expenat charged against tlx property ebe tnarxgagtc is #>e rebq autharirxd at has optaon to
<br />pay the same, rtiny slims ao paid by the mtarigagee shall bt added to and became a part of the principal ama+aat of t#tc
<br />indebRedosas rvitieaced by said Hate, au$~eeE to the same recce. sad ronditiotu. If the mortgagor shall pay and
<br />diseharge the iadebxedacar tvideaxd by said proruiasort su>tr„ end ahaIl pa q' eacta ,;.,.;;. and shall diseharge all
<br />tarots. and liens and the cast, fees, sad expenses of makatxg, enforcing;, and tsexnting, this mortgage, then ibis mortgage
<br />+hali be t~nar5sad turd surrendered,
<br />+• 'Tl~a ewv+ratutis herein eaaataiaod ahadl bind: sad. tltt hcnehta and advautagea .hall rn,re to t#a:• r,••pee live ru+
<br />cerwea and arraigrms.of the partite hcxreto R7htttgrer cased, the singular number shall inclmdt the plural, the plnzsI xhe
<br />aisgralar, sod: the tot of say grader shall iaclade all gtadtrs,
<br />8, !tia waiv+u of any caveaant htreia ar of flat olrligatioa +xecurrd hereby aha#i at ani irrtu• s#aerr,rftr^r Ise #ae#ti
<br />to be r wai:vtr of the terrnrt hc.rtof or of ehr. note secured hereby.
<br />4, ~ ~ai d~esrct seller, oa' jadgment ~ralding say pravisian r>r pt>rtian of tfat,. ran»trunaent tnva#itl ar artarr-
<br />fa~tttable .hall. abt is sty way impair or preclude the rnfartrmtnt of t#ae remairinlt },rovtaiuns ur lrortiona of t#r is
<br />lfa. Nary +.tit4is~ ttatitr~ to he iesxted to eba anatigtgar pursuant to the pravislsoa of tlxis irxatrwnttax shall be ad•
<br />dr+ssnad to cbt at iw i:i lxwttt ~t aagk; uacl; 2cat; . C r ,.<: ry;r~ , z=~~,rasi« ! iiki(:
<br />sad ataxy writtep rrrrtsce to bt tssutd to t~ve martgsgttt olcall
<br />Isar'ar}nfntro~atltatf~retomt~e~aen:x l', <i. ?I+~x `,r~L?. '•:~xE,:{;ti , ,t~ur,ral~'.Tt ~+u2;;1
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