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<br />3. The mortgagor covenants and agrees that if he shall fail to pay said indebtednem or any part thereof when
<br />dtte, or shalt fat! to perform any covenant or agreement a£ thin instrument or the protn:esory note secured hereby, the
<br />eatim indebtedness hereby secured shalt immediately become duc, payable, and collectible without notice, at the,
<br />optiene of the mortgagee ar assigns, regardle~ of maturity, artd the mortgagee or hts assigns may before or after entry
<br />sell said property without appraieemeni {the mortgagor havens waived and assigned to the mortgagee ail rigsita of
<br />_~C_a~.s-t } ;
<br />(tl at judicial sale pursuant to the provisions of 2$13.S.C. 2001(a) ; or
<br />{tn) at flea optitat of the mortgage, either by aeution or by aolicitatian of seab~ bids,'for the ltig}reat attd
<br />best hid complying with the farms of sale and manner of payment apee;6ed in the pethlished notice of sale, nest
<br />giving fear weeks' ootiee of the time, terms, and place of such sale, by advertisement not lean than once
<br />during each of said four weelce in a newspaper gnbliahed or distributed is the county in which said property
<br />is aitnated, ail other notice being hereby waived by the mortgagor (end said mortgagee. or say pennon oa
<br />behalf of said mortgagee, may bid with the unpaidasedebtedneea evidenced by said note}. Said sal: shall be
<br />held at or oft the property W he Bald or et the Federal, county, ar city caurthouae for the county in which flax
<br />~__~ try ~ ~a*_@d. The mo.~agee is bera!~y anLhorised to execute far and on half of Gka ...~..baga: satd to
<br />deliver to the purchaser at such sale a suf&eient conveyance of said property, which conveyance shall aantain
<br />txxitala as to the happening of the default upon which the cxecutioa of the power of sale herein grunted
<br />dep~de; and the said mortgagor hereby ewt~titntea and appbints the mortgagee or arty agent or ettorexq of the
<br />mortgagee, the agent end atwrnep is fact of said mortgagor to make aeteh r«itals and. to ezttate said
<br />uanveyence and hereby covenants and agrees that the recitals so made shall be effeetaal to bar all esgaity or
<br />right of redemption, homestead, dower, and all other exemptions of the mortgagor, all of which are hereby
<br />expressly waived and conveyed to the mortgagee; or
<br />(tat} take any other appropriate action pursuant to state ar Fzileral statute either in state or Federei
<br />court or otherwise for the disposition of the property.
<br />In the event of a sale as hereinabove provided, the mortgagor or any peesore in possession ender the mortgagor eleefl
<br />tlz"n become and be tenants holding over and shall forthwith deliver possession w the purchaser at such sale or be
<br />summarily dispetseeaeed, in accordance with the provisions of law applicable to tenants holders over. The power
<br />and agency hereby granted are coupled with an interest and are irrevocable by death or otherwise, and are granted
<br />se cmm~lative to the remedies for wtlectinn of said indebtedness provided by law.
<br />~. 'II`Itte pruoeeda~f anTM arle of said prtsperty in set»rdanex wit,4 the preceding paragraphs shall be eppFied get
<br />to pay the coma and ezpetesea of acid e:.3e, the eYpensea incurred by the mortgagee for the purpose of protecting ar meia•
<br />i9iniw said nrnpet'ty_ and rea_aonable attl9r..ey~ few; nwr~.n.ily. t~.. i_ y ~~e indohtndn.+~. so.M.rwd ~.oky r and ttei...lty~
<br />to pry any surglas ar excess to the person ar persona legally entitled thereto.
<br />5. In the event said property is sold st s judicial fareclaeare soh ear pr.rwant to the power of ntk
<br />granted; and the praeeede see not an>soieat to pay ebe total iadebtedueas acettred lay this inetrnmeatand evid by
<br />said promissory Hate, the mortgagee will be entitled to a de&Qeaoy jadgmeat far the amount of the de)f~tc,Y tcii]iaa€
<br />o. In the event the mortgagor fails to pay any t ederal, state, or local tax asx.9ament, income tat or other tan lien,
<br />charge, tee, or other expense c}taeged against the property, the mortgagce is hereby authorised at his option W pap
<br />u~.a~- :s. ~' ny auras so paid by cite stortgag~ shall .'se added to and hewme a part o£ the principal amount of tits
<br />indebtedness evidenced by said note, sabject to the same terms and conditions. if the mortgagor shall pay sad
<br />dischargz the indebtedness evidenced by said promissory note, and shall gav such sates attd shall discharge all Yaates
<br />and lions and the costa„ free, and expetrees of making, enforcing, and exeeutiag this mortgage, then this tnortgage
<br />shall Ice eateeeled and surrendered.
<br />?. The eaveaants herein contained shall hind sad the benefits and advantages shall inure to the respective sac
<br />eesears aed asaigsm o{ the partite berets. ~Vheszever need, ibe singuler attmbtr shall include the pharal, the plural the
<br />eingnler, and rho etas of arty genda:r shall inclade all genders,
<br />8. No warvar of any. covenant herein or of the ohligatiotr secured hereby shall at any Yi~e thereafter be held
<br />to be a waiver of the terms hereof or of the note secured hereby.
<br />9. let eompllsacx with tiem 1131.1 {d) of the Ruka and llegalatioas of the Small -Bttsinars Administrates [l3
<br />C.F.Ft. l©l.l (d) ), this iaettvmeat is-tee lee coatatesaed and enforced in accordance with applicable Federal Lw,
<br />1t3. A tdi6ial tleerea, asdert ar judgment halel'ahg say provision or parties of Deis rtdtrunteet invagd or aa-
<br />anlaxxeahk Malt scot In any r.~ay iatpsir ar preclude the enforcement of the reumiinireg provieiotp or portions of
<br />this insisutneat.
<br />tf
<br />can v;.s var ta-tat - -
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