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<br />3. The mortgagor covenants and agrees that if he steal! fail to pay acid indebtedness or an) part thereof when
<br />due, or shall fail to perform any covenant or agreement of this instrument or the prmniaaarq note secured hereby, the
<br />entire indebtedness hereby secured shall immedistely become due, payable, and collectible :ithout notice, at the
<br />option of the mortgagee nr assigns, regardlees of maturity, and the mortgagee or his assigns ma}' beFore or after entry
<br />' eell.eaid property without appraisement Ithe mortgagor having waived and assigned to the mortgagee all rights of
<br />appraisement):
<br />i t t at judicial sale uursuant to the provisions of 28 U.S.C. 2001 i a t ; ur
<br />(n) at the option of the mortgagee, either by auction or by solicitation of sealed bid0. Cor the highest and
<br />beet bid complying with the terms of sale and manner of payment specified in the published notice oC sale, firot
<br />giving four weekq notice of the time, terms, and place of such sale, h} advertisement not less than once
<br />' during each of said font weeks in a newspaper published or dialributed in the county in which said property
<br />- u situated, all other notice being hereby waived by the mortgagor (and aatd mortgagee, or any person on
<br />- behalf of said mortgagee, may bid with the unpaid indebtedness evidenced by said note). Said sale shall be
<br />held at or on the property to be sold or at the Federal, count}-, or city courthouse for the county in which the
<br />property is located. The mortgagee is hereby authorized to execute for and on behalf of the mortgagor and to
<br />_ deliver to the purchaeer at such sale a euAicient conveyance ot.eaid property, which conveyance steal! contain
<br />recitals ae to 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 of any agent or attorney of the
<br />mortgagee, the agent and attorney in fact of said mortgagor to make such recitals and to exeeute~~wid
<br />- conveyance and hereby covenants and agrees that the recitals so made shall be eHeetual to bat all equity or
<br />right of redrrnptian, homestead, dower, and ail other exemptions of the mortgagoq :ell of which err hermh~
<br />cxpresalr waived and conveyed to the mortgagee; or ~~
<br />- ~~ Itui take an}• other appropriate action pursuant Lo state or Federal statute either in axle or Federal
<br />roar[ or otherwise for the disposition of the property.
<br />In the event of a sale ae hereinbeFore provided, the mortgagor or any persona in poeeeaeion under the mart-
<br />. gagor shall then become and 6e tenants holding aver and shall forthwith deliver possession to the purrhaaer at
<br />such sale or be summarily dispoaaeeaed, in accordance wish the provisions of law applicable to tenants holding a.er.
<br />- The power and agency hereby granted are coupled with- an interest and are irrevocable by death or othrr.ciae. wul
<br />~''~ are granted as cumulative to the rrartediee for collection of said indebtedness provided by law-.
<br />4. The proceeds of any aple of said property in accordance with the preceding paragraphs shall be applied first
<br />to pay the costa and expenses of said sale, the expenses inenrred by the mortgagee for the purpose of profeetiag artttain-
<br />tgitting said property, and reasonable a[torneya' fees; secondly, to pay the ittrlrbteehtrss secured herrbvt and thirdly,
<br />~ to pny any surplus ar excess to tF.e person or persrtrna legally-entitled thercea.
<br />5. In the event said property is sold at a judicial foreclosure sale or pursuant to the power of sale hereinabove
<br />granted, and the proceeds are not sufficient to pay the total indebtedness secured by this instrument and evidenced by
<br />acid promimory note, the mortgagee will be entitled to a deficiency judgment for the amount of the deficiency urithnot
<br />regard to appraisement.
<br />6. Iu the event the mortgagor fails to pap any Federal, state, or local tux assesameut, income tax or other tai
<br />lien, charge, fee, or other expense charged against the propurty the mortgagee is hereby authorized at his option to
<br />pay the name. Any soma ao paid by the mortgagee shall be added to attd become a part of the principal antwuu of the
<br />indebtedness evidenced by said note, subject to the same terms and conditions. It the mortgagor shall pay and
<br />dixhargn the indebtedness evidenced by said promissory note, and shall pay such sums and shall discharge all
<br />taxes and liens asd the costa, fens,-and expenses of making, enforcing, and exeeutfng this mortgage, then thin mortgage
<br />shell he canceled end surrendered.
<br />7. The covenants herein, contained shall bind and the banatits and advant:tgre .hall inure to 11¢v respvetivr s.u••
<br />ceawn and uaigns o[ the parties hereto. Qthenever used, the singular aunaher shall inelurlc the plural, the plu_ral_1lte
<br />singular, and the ttse of any gender shall include aA geWders.
<br />8. Nn waiver oL any covenant herein or of the abligatian secured hereby shall at and tints thrrrafte-r he hrl+t
<br />to he a waiver of the terms horeo[ of of the note secured herab}.
<br />4, A judicial decree, order, of judgnteuf lwldittg any proriaiat or podion uC thu instrmment located ut uucn.
<br />forceable shall not io soy way impair or preclude the enforcement of the remaining pntviainna or portions of this
<br />inattttment.
<br />10. Any written notice 4o be issued to the mortgagor pusauaa¢ to the proviaicus ut thin inurument shall be rd•
<br />d[ased to the -nwrt6agor at
<br />and any written notice to be issued Lo the mortgagee shall
<br />6e addrared to the t9griga6ee~t.
<br />anA rUnM Y;a +2-+d1
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