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<br />-:. 3. -The mortgagor covenants and agrees that iF he shall fail to pay said indebtedness or any part'thereo[ when
<br />due,. or shall fail to perform any covenantor agreement of this inetrumem or the promissory note secured hereby, the
<br />entire indebtedness hereby secured shall immediately become'due, payable, and collectible withou4 notice, at the
<br />ogtioa of the mortgagee or assigns, regardless of maturity, and the mortgagee orhis assigns may beftiie or after entry
<br />sell said property without appraisement Ithe mortgagor having waived arts assigned io the mortgagee all rights of
<br />_ appiaisementl: -
<br />f t) at judicial sale pursuant to the provisions of 28~li.S.C. 2601 1 a t : or
<br />u) at the ogtioa of the mortgagee, either by auction or by solicitation of sealed bide, for the highest sad
<br />best Lid complying with the terms of sale and manner of payment specified in the publiahed~notice of Bale, first
<br />giving four weeks' notice of the time, terms, and place of such sale, by advertisement net lets than once
<br />during each of said four weeks in a newspaper published or distributed in the county in which said property
<br />is situated, all other notice being hereby waived by the mortgagor (and said mortgagee, or soy person oa
<br />behalf oI said mortgagee, may bid with the unpaid indebtedness evidenced by said notej. Said sale shalt be
<br />held at or on the property to be sold or at the Federal, county, or city rnurthouae for the county is which the
<br />property is located. The mortgagee ie hereby authorised to ezecute for and oa behalf of the mortgagor sad to
<br />deliver is the-purchaser at such Sala a su,Qeient conveyance of said grogerty, which conveyance shall c~trn-
<br />xecitele ae to the happening of the default upon which the eaecutioa of the pawer of sale herein granted
<br />depends; and the said mortgagor }tereby canetitutes and appoints~the mortgagee oz aap~agent or attorney of the
<br />mortgagee, the, agent and attorney in Eact of said mortgagor to~ make such recitals and io execute said
<br />conveyance and hereby covenants and agrees that the recitals eo made shall be effectual to bar all equity er
<br />right of redemption, homestead, dower, and all other exemptions of~the mortgegoq all of which are hereby
<br />-ezpzeesly waived and .conveyed to the mortgagee: or
<br />(tlt) take any other aypropriate action pursuant to state ur Federal statute Tither iu state or Federal
<br />court or otherwise for the disposition of the property.
<br />In the event of a Bale as hereinbefore provided, the mortgagor or any petaotte in poeeeeaion under the mort•
<br />gagor shall then become and be tenants holding over and shall forthwith deliver possesxion to the purchaser at
<br />such sale or be summarily diaposseseed, in accordance with the provisions of law applicable to tenants holding over.
<br />The power and agency hereby granted are coupled with an interest and arc irrevocable by death or otherwise, an<I
<br />are granted as cumulati~e~.t~°lhe-rentediee•fenn~e~eAeetieaa of said indehtedne~ s provided be law.
<br />Ca~~y ~ W 'CSt '>>~
<br />4. The proceeds pf s~'tf1F~ r5pllt'p'~fh'a~cordance with the preceding paragraphs shall be applied first
<br />to gay Flte eosin and a=_wn_°es of said _21e, the expeRSes incurred by the mortgagee for the purpose of grotectiug or main-
<br />taining_ said property, and reasonable attorneys' fees; secondly, to pay the indebtedness neruretl bevel>v : am) thin0y,
<br />to pay any surplus or sasses to the pereoo or persons iegatly entitled thereta.
<br />5. In the event said property is sold at a judicial foreclosure sale or pursuant to the power of sale hereiaabove
<br />granted, and the proceeds are not sufficient to pay the total indebtedness secured by this instrument and evidenced 6y
<br />said promissory note, the mortgagee will be entitled to a deficiency judgment Cor the amount of the deficiency without
<br />regard to appraisement.
<br />6. In the event the mortgagor fails to pay an} Federal, state, ur local tax assesameut, income tax ur other tai
<br />lien, charge, fee, or other expense charged against the property the mortgagee is hereby authorized at his option w
<br />pay the same. Any sums so paid by the mortgagee shall be added to and become a part of dte principal amount of the
<br />iadebtedaees evidenced by said note, subject to the same ternte and conditions. if the mortgagor shall pay and
<br />discharge: the indebtedness evidenced by said promissory note, and shall pay such sums and shall discharge all
<br />taxes and liens and the coats, fees, and ezpensee of making, enforcing, and executing this mortgage, then this mortgage
<br />.hall be canceled and surrendered.
<br />7. The covenants herein contained shall bind and the benefits and advautagcs shall inum to the rrspeetive ,ue•
<br />ceeeore and assigns of the parties hereto. 'Whenever used, tht singular number shall include the plural, the plural the
<br />singular, and the use of anp gender shalt ineIude all genders.
<br />8. No waiver of arty covenant herein or of the obligaEion secured hereby shall at an} time therraFter he held
<br />to be a waiver of the terms hereof or of the note secured hereby.
<br />9. A judicial decree, order, or judgment holding any provision or purtiou of thin iustrwnent invalid w~ uucu•
<br />forceable shall net in any way impair or preclude the enforcement of the remaining provisions or portions of thin
<br />instrument.
<br />10. Any written notice to be issued toihe mortgagor purouant to the provieicae of this instrument shall be ad•
<br />drmeed to the mortgagor at
<br />and any written notice to be issued to the mortgagee shall
<br />be addressed to the mortgagee at
<br />9BA FORM 92a (2~~3)
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