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<br />3. The mortgagor covenants and agrees that if he shall fail to pay raid indebteduesn or auv part thereof when
<br />due, or shall fail to perform any covenant or agreement of this instrument or tF,e pro~uissorr note secured hereby, the
<br />entire indebtednes hereby secured shall immediately become due, payable, and collectible without notice, at the
<br />option of the mortgagee ar assigns, regardless of mamrisc, and the mortgagee. or kris assigns may before or alter entry
<br />sell said property without appraisement Ithe mortgagor having waived and assigned to the nx.rtgagee all rights of
<br />appruisement)
<br />(t i at judicial sale pursuant to the provisions o[ 28 LS.C. 2(101 i a 1 : ur
<br />(tt) at the option aE the mortgagee, either by a:tction or by solicitation of seated bide, for the highest and
<br />beat bid complying with the terms of Bale and manner of payment specified in the published notice of sale, first
<br />,giving four weeks' notice of the time. terms, and place of such sale, be advertisement not less than once
<br />during each of said four weeks is a newspaper published cr distributed is the county in which said property
<br />is situated, all other notice being hereby waived by the mortgagor (and said mortgagee, or any person an
<br />behalf of said mortgagee, may bid with the unpaid indebtedness evidenced by said note). Said sale shall be
<br />held st or on the property to be sold or at the Federal, county, or city courthouse for the county in which the
<br />property is located. The mortgagee is hereby authorised to execute for and on behalf of the mortgagor and to
<br />deliver to the purchaser at such sale a auflicien[ rnnveyance of said property, which conveyance shall contain
<br />reeitale ae is the happening of the default upon which the execution of the power of sale herein granted
<br />~ depends; and the said mortgagor hereby constitutes and appoints the mortgagee or any agent or attorney of the
<br />s•;.7 ~_.,gagee, 'ti° ae~ .and a,:.,. °, , ; fa,., of said ,.; igaev .o --°lt- -ue„ --itals -- - -- vie said
<br />conveyance and hereby covenants and agrees that the recitala•so made shall be e$ectual to bar all equity or
<br />ttw tight of redemption, homestead, dower, and alI other exemptions of the mortgagor. all of which arr. hereh.
<br />eapteasly waived and conveyed to the mortgagee; or
<br />.J
<br />1 (tit! take any other appropriate action pursuant to state or P'edera! statute either in ~tatr ur F'edrral
<br />~ court or ot}eerwiae far the disposition of the property.
<br />f~
<br />Ia the event of a sale as hereinbefore provided, the mortgagor or any persona in poesmaion under the mort-
<br />gagor shall than become and be teoante holding over and shall forthwith deliver possession to the purchaser at
<br />such e:k or be summarily dispose t~[l~F~e~royisions of law applicable to tenants holding over.
<br />t,.Y' .
<br />The power and agency hereby grant cotyt~h~.reat and are irrevocable by death or otherwise, any!
<br />are granted ss cumnlalive to the remedi f to :Hess provided by law.
<br />4. The proceeds of any wle of said propert;: in aceortianee with the preceding paragraphs shall be applied Sent
<br />to pap the twets and expenses of said sak, the e:peases iocuzred by the mortgagee for the purpose of protecting or main-
<br />taining said property, and reaeonabk attoraeye fees: aecoadly, to pay ilre indebtedness secured hereby ;and thirdly,
<br />to pay any surplus or excess [o the person or persons legally entitled thereto.
<br />$. Ia the evtat acid property is sold at a jndieial foreclonre sale or pursuant to the power of ask heninabove
<br />granted, sad the proeerda a,^e sat su$icfiea! io pay Ltit Total indebtedness secured by this itts[rutnent and evidenced by
<br />said promisory Hate, the mortgagee will be entitled to a de6eirncy judgment for the amount of the dejtcietacy without
<br />reastd to apprnasemmt.
<br />Q In the event the mortgagor fails to pay any Federal, state, ur Iocal tax assessment, income tax or other tea
<br />lien, charge, fee, ar other expettx charged against the property the mortgagee is hereby authorised at his option to
<br />pay the saga Any sus so paid by the mortgafee shun be added to and beeorne a pan of the principal amoant of the
<br />indebtedaeen evidenced by said note sobjeet to the same terms and conditions. If the mortgagor shall pay and
<br />discharge the indebtedness evidenced by said promissory note, and shall psy such soma and shall discharge all
<br />rasp and !teas and the costs, fed, and expensd of making, enforcing, and e:xniing thin mortgage, then this mortgage
<br />-hall ba esaaied and sacred.
<br />1• Tkte wets berets csata~ed shall bind and the heneftta and adraniage~ shall inure to the rrepeetive suv
<br />susses asp assigns of ilea parted hereto. iPlrenever need, the singular nontber shall include the plural, the plural the
<br />sits~a , aid the ose sf say Nadu shall indade all headers.
<br />& 1Wt waiver of ens tmvetwat herein or of the oltligatian secured hereby shall ut sus time thereafter be help!
<br />to be a sratver of the terms hero; er sf the cote seeared hereby.
<br />9. 9 jttdretal dttarae, order. or jadgatmt balding say provision or portion of this imirument invalid ur unett•
<br />iaseeaLia slnli rot ie mT tray impair or pteelnda the eafsrcera®tt-of the remaining provisions or portions of tfiia
<br />I4 Any ~etitflm tsatiee oa he iswed to the purwant to the provisions of this inatrtuneat shall be ad•
<br />t5eritd fdtAn as
<br />sad say written notice to be issuer! to the mortgagee shall
<br />tfs addntaed to tSe msrt~ee at
<br />GFO DZt-]l1
<br />aatw Fatt#!ffi [2Aat
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