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<br />3. The mortgagor covenants and agreca shat if he shall fail to psy said indebtednem or any part thereof when
<br />due, ar shall fait to perform any covenant or agreement of This instrument or the promissory note secured hereby, the
<br />entire indebtedness hereby secured shall immediately become due, payable, and collectible without notice, at the
<br />option of the mortgagee or assigns, regardless of maturity, sad the mortgagee or his assigns may before or after entry
<br />sell acid property without appraiaement (the mortgagor having waived and assigned to the mortgagee all rights of
<br />apprasiaemeai)
<br />(t) at judicial sale pursuant to the provisions of 28 U.S.C. 2001(a) ; or
<br />{t[} at the option of the mortgagee, either by seu-tioa or by soliciwtion of sealed bids, for tht highest and
<br />belt bid romplyiag with the terms of sale sad roamer of payment specified in the published notice o[ sale, tint
<br />Diving four weeks' aatice of the time, terms, and place of such Bale, by advertisement not lees than once
<br />during each of said four weeks in a newspaper pablished or distributed in the county in which said property
<br />u eituat~, all other noti« being hereby waived by the mortgagor (and said mortgagee, or any peraoa on
<br />behalf of said mortgagee, may bid with the mpaid indebtedness evidenced by said note). Said sale shall be
<br />.held at or oo the property to be sold or at the Federal, rnunty, or city oourthoux for the county io which the
<br />property is located. The mortgagee is hereby authorized to execute for and oa behalf of the mortgagor and to
<br />deliver to the purchaser at such Bale a sufficient eoaveyaa« of said property, which conveyance shall contain
<br />reci'taL m to the happening of the default aeon which the execution of the power of Bale herein granted
<br />depends; and the said mortgagor hereby coaetitutca and appbinta the mortgagee or any agent or attorney of the
<br />mortgagee, the agent sad attorney in fact of acid mortgagor to make such recitals sad to e:eentt said
<br />conveyance and hereby mvmanta and agrcea that the recitals so made shall be effectual to bar all equity or
<br />right of redemption, homestead, dower, and all other exemptions of the mortgagor, all of which are hereby
<br />e:predlp waived attd conveyed to the mortgagee: or
<br />(m) take any other appropriate aMion parsuant to state or Federal statute either in state ar Federal
<br />court or otherwise for the disposition of the property.
<br />In tide event of a sale ss hereinabove provided, the mortgagor or any person in possession under the mortgagor shall
<br />that become sad be tenants holding over and shall forthwith deliver posaemion to the purchaser at such Bale or be
<br />sumtnatily diepoaeeaeed. ie accordance with the provisions of law applicable to tenants holding over, The power
<br />and agency hereby granted are coupled with as interest and areirtevocable by death or otherwise, and are granted
<br />u eamulative to the remedies for collection of said indebtedness provided by law.
<br />4 The proceed of any sale of acid property in accordan« with the P~1II6 luh6rai+b! shall be applied firN
<br />to pay the costa and ~paoses of said sa1c, the atpt[ara ineamd by the mortgag« for the purpose of proteetiog or ntaitr
<br />raining said property, and reasonabfe attorneys tees; secondly, to pay the indebtedness secured hereby; and thirdly,
<br />to pay say surpha or excess to the pence or petaone legally entitled thereto.
<br />S. Ts the evert said properly is sold :t : judicial foreclosure sale or pursuant to the poxes of sale Ikremabave
<br />greeted, said the proceeds are not aa~eient to pay the total indebtedness secured by this iastrameat and eridaaoed by
<br />said pcooiroey rote, the m~tgagee will be catitled to a deficiency jadgmeat for the amount of the defieiaEtsysoftttoat
<br />reg~d to sppr+tiar.
<br />6. la the event the mortgagor fails to pay zny Federal, state, err local tax assessment. income tea or other tax lies,
<br />charge, fee, or other pease charged against the property, the mortgagee is hereby authorised at his option to pay
<br />the same. Any sums ao paid by the mortgagee shall be added to and become a part of the principal amount of the
<br />indebtedness evidenced by said note, aabjeet to the same terau and conditions. If the mortgagor shall pay and
<br />discharge the indebtedness evidmeed by acid promissory note, and shall pay such sums and shelf discharge all taste
<br />a~ liens and 2ht costa, fees, sad expenses of making, enforcing, sad executing this mortgage, then this mortgage
<br />shall be tcd and eurrettdeted.
<br />?. The eovmants herein mataiaed shall hied sad the btaefita aed advantages shall inure to the respective atw
<br />eessaea sad araigaa of the parties hereto. der vied, the siaguhr number ahaIl inehtde the phu-al, the phial the
<br />sad the ass of any gander shall inehsde all getnlaca
<br />& 1Va waiver of saty covenant berets as• of the obligation seatred hereby shall at any time thereafter be Kehl
<br />to he a waivce of the terms hereof or of the sots arsated hereby.
<br />9. Is eosepliance with stuioa 101.1(d) ~ the Rnhy and Rcgttlatiova of the Small Bvainer Administration [ 13
<br />GF.It. ltll.l(d) }. this instrument a to be caaatrved and eafareed in aeooedante with applicable Federal Lw.
<br />18, ~. juditdai deeng order, or jadgerraet holding any provision or potion of this irotrumptt invalid or vn•
<br />gall sot itt any way impair or preclude the eafor«ment of the reanaining provisions or partiom of
<br />thin .
<br />GPO Df6Lt6
<br />YA rA~ !aT (amt!}
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