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<br />3. The mortgagor covenants and agrees that if he shall fail to pay said indebtedness or any part thereof when
<br />doe, or shalt fail to perform any covenant or agreement of this instrument or the promissory note secured hereby, the
<br />entire indebtedness hereby secured shall immediately'bacome due, payable, and collectible without notice, at the
<br />option of the mortgagee or assigns, regardless of maturity, and the mortgagee or his assigns may before or after entry
<br />sell said property without appraieement (the mortgagoe having waived and assigned to the mortgagee all rights of
<br />appraisement j
<br />I ~) at judicial sale pursuant to [he provisions of 28 U.S.C. 20p1(a } ; or
<br />(tt) at the option of the mortgagee, either by auction or by solicitation of sealed bids,'for the highest atld
<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., by advert[eement not leas than once
<br />during each of said taut weeks in r newspaper published or distributed in the county in which said property
<br />is situated, all other notice being hereby waived by the mortgagor (sad said mortgagee, or any penotl as
<br />behalf of said mortgagee, may bid with the anpud indebtedness evidenced by said note). Said sale shall be
<br />held at or on the property to h sold or ^t the Federal, county, or city courthouse for the county in wbioh the
<br />property ie located. 't ha mortgagee ie hereby authorised to execute for sad oa 6eltalf of the mortgagor and to
<br />deliver to the purchaser at such sale a sufficient conveyance of said property, which conveyance ahal! eontaia
<br />recitals u to the happening of the defrult upon which the execution of the power of oak herein graaud
<br />depends; and the said mortgagor hereby maetitutex and appbinte the mortgagee or any agent or attarany of thn
<br />mortgagee, the ageae and attorney is fact of said mortgagor to make cosh ereitaL sad to e:eeute said
<br />convegance and hereby tovmante and agrees 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 />expressly waived and conveyed to the mortgagee; or
<br />itttl take any other appropriate action pursuant to state or Federal statute either in state or Federal
<br />court or otherwise for the diapoaition of the property.
<br />In the event of a sale u hereinabove provided, the mortgagor or any person in poasesaion undertlx mortgattsrafuli
<br />then become and 6e tenants bolding over and shat! forthwith deliver paseesaion to the purchaser at sur:h sale or be
<br />summarily diapossesaed, in accordance with the provisions of taw applicable to tenanu holding over. The power
<br />and agency hereby granted are coupled with as interest and are irrevocable 6y death or otherwise and are granted
<br />as cumulative to the remedies (or collection of said indebtedness provided 6y law.
<br />4. The praeeeds of any wk of cud prop€rtr in atxstrdaoce with the preceding paragraph shall he applied first
<br />to pay the costa sad expenses of said sale, the exprtuesutcurred by the mortgagee for the parpoae of Rrote-atin6 trt tnaitr
<br />tainittg said property, and rrasonable attorneys' fees; secondly, to pay the indebtedness secured herohy; sad thirdly,
<br />to pay any surplus or excess to the peexon or prrsone {cgdly antitfal thereto.
<br />5., [a the avert said property is sold at a judicial forerlwurc uie or )TUnttant to the power of sale herxriaabova
<br />wanted, sad the proceeds sea ant ruicient to pay the total indebtedner secured by thin itt~rntaeat sad e.:daaw~d by
<br />raid promissory nose, the mortgagee will be entitfud to x defieieory judgment for the amount of the dajieirrtcy ToitAorr
<br />rogwd to appnaisemeat.
<br />6. In the rvrnt the mortgagor fails to pay say Federal. state, ar rocs! tax arrersment, ineamr tax or other tax lien,
<br />charge, fee, or other rxprurr charge) against thr pruprrty, thr martgagre is hamby autlwriard at his option to pay
<br />the same. Any sutras so paid by the morytagce shall be added to wd 6ecanw a part of the principal amount of the
<br />indebtedrtrss evidenced br said note, rubje~-t w the dauea trrnu and t~+mditians, 1[ the mortgagor shall pay and
<br />dixharge thr indebtednrre evidenced 6y said promissory sort, atTd shall pay such runts arTd shat! dixdtarga all taxes
<br />sad liens and the casts, tear, uu:l rxperaxb oC making, enfaning, and executing dtit. martgaga, than thin mortgage
<br />shall be rrncekd end surrattdered
<br />y. 'Cho eovenanta herein eoniuned shall bind and the betlafita and rdvantat[ea ahxll inure to the respective errs
<br />eaaaats and aaigm of the parties hereto. R`Itatavar used. the amgular number shall iaeltlda the plural, ttte plural tht
<br />riagalar, and the are of say gender shall inehtde all genders.
<br />8. No waiver of nay covenant berets or of the obligatiaa ettwred hereby shalt at any tlrae tharaattar be hold
<br />to ba r waiver of the terms hereof or of the sots secured hereby,
<br />9. Itl cortlpHaoce with aeation 101.1(d) at the Rules and Regulatiott- of the Small Busineaa Admiaiatratiaa [ 18
<br />C,RR 1@Ll (d l ]. thin iartrumant it to be tmaotraed wind eaforeed in soanrdanoe widt applicable FaderaE taw.
<br />t0. A judicia! decraa, order, or judgment holding any provi-ion or purtina of thu inrtrumettt invalid or tm•
<br />enforceable shall sat ih any wry impair or preclude the ca[oroement of the remuning provisiottr ar portions of
<br />thin fgsteumeat.
<br />faA Parr WT (YTat
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