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TMIR w1"fa,~.• .+.,A'.r''a ~r' :::Rlk° ',.'~.~:=w NrtV~iniwhai"'«'ta4~~1~t'~arlfil~~o 3. The mortgagor covetzatas anti agrees that if he shall fail to pry sail indebtedness or any part thereof when due, or sh0I fail to prrform any covenant or agreement of this instrument of the promissory note secured hereby. the entire indebtedness hereby secured sihall immediately become due. paval4f, and collectible without notice. at the option of the mortgagee or amigns, regardlem of maturity, and the mortgagee or his assi+prs ntay before or after entr% sett said property without appraisement tthe mortgagor having waived Oral 806ign041 to the mortgagee all rights of i,plira isement) (1) at judicial sale Pursuant to lire provisions of 28 U.S.C. 2001 t a) ; or (ti) at the option of the mortgagee, either by auction or by solicitation of sealyd bid& for the highest and ' best bid complying with the terns of sale anti manner of payment specified in the published notice of sale. first giving four w'ee.kit notice of the time, terni% and place of >AUell sale, h% aslsr•rtinrment stot le- than utscr during each of said four weeks in a newspaper published or distributed in the county in which said property is situated, all other notice being hereby waived by thre mortgaN;ar land said mortgagee. or soy person on behalf of fluid mortgagee, may bid with the unpaid indebtedness evidenced by said note). Said sale shall be held at or on the property to be sold or at the Federal. county. or city courthouse for the county in which the property is located. The mortgagee is hereby authorized to execute for ant. on behalf of the mortgagor and to deliver to the purchaser at such sale a sufficient conveyance of said property. which conveyance shall contain recitals as to the happening of the default upon which the execution of the power of sale herein granted depends; and the sl=id mortgagor hereby constitutes and appoints the mortgagee or any agent or attorney of the mortgagee. the sgrnt and attorney in fact of said mortgagor to make such recitals and to execute said conveyance and hereby covenants and agrees that the recitals so made shall be effectual to bar all equity or right of redemption, homestead, dower, and all other exemptions of the mortgagor. all of which ars- tterrh% expressly waived and conveyed to the mortgagee: or nt t take any other appropriate action purrnant to t%tatt ter f•rtlrral wtatutr eitlier it% rt.tt.- ur Ft ~~rral court or otherwise for the disposition of the property. In the event of a sale as hereinbefore provided. the mortgagor or ■ny persons :n possession under the mort- gagor shall then become and be tenants holtling over and shall forthwith deliver paFreaaitnt to tile, purrha-wr at such sale or be sumrnaril'v dispossessed. in accordance with the provisions of law applicable to Icnano, holding o.rr• The power and agenry hereby granted are coupled with an interest awl are irre,-wable b. drath or ttthrrui.r.,.tld are granted as cumulative to the remedies for collection of said indebtedness provided b% law. 4. The proceeds of any sale of said property in accordance. with the preceding paragraphs shall be applied first to pay the coats and expenses of said sale, the expenses incurred by the mortgagee for the purpose of protecting or main- taining said property, and reasonable. attorneys' fees; secondly, to pay rite intlebtednrss secured herrhN. . arld tltirro'16' to pay any surplus or excess to the person or persons legally entitled thereto. . S. In the event said property is sold at a judicial foreclosure sale or pursuant to the power of sale hereinabove granted, and the procecJs are not sufficient to pay the total indebtedness secured by this instrument and evidenced by said promissory note. the mortgagee will be entitled to a deficiency judgment for the amount of the deficiency without regard to appraisetnenr. 6. In the event the mortgagor fails to pay any federal. state, or local tax sowwwment, income tax or other Lv% lien, charge, fee or other expense charged against the property the mortgagee is hereby authorised at his option to pay the same. Any surns so paid by the mortgagee shall be added to and become a part of the principal amootit of tire indebtedness evidenced by oaid note, subject to the same terms and conditions- If the mortgagor shall pay and discharge the indebtedness evidenced by said promissory note, and st=all pay such sums and shall discharge all taxes and liens and the costs, fees, and expenses of makin& eniorcing, and executing this mortgage, then this mortgage rha.ll be canceled and surrendered. 7. The covenants herein contained shall bind and the benefits and advantages shall inure to the rTRprctivr Moo. censors and assigns of the parties hereto. Whenever used, the singular number shall include the plural, the plural the aiagular, and the use of any gender shall include all genders: 8 No waiver of any covenant herein or of the obligation secured hereby shall at an% tiny therrwfier i nrld to be a waiver of the ternrs hereof or of the note secured hereby. 9. A judicial decree, order. or judgment holding any provision or portion of this instrument invalid ur unt•n- forceable shall not in any way impair or preclude the enforcement of the remaining provisions or portions of this instrument- 10. Any written noCce to be issued to the mortgagor pursuant to the provisicna of this instrument shall be ad- dressed tothrmaongaAorat Highway 30, Alda, NF 66810 ;ca0 Do d's st.+-ar, and any written notice to be issued to the mortgagee shall 50- . 2 be addressed to the mortgagee at p.o. s(-