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<br />- 3. The mortgagor covenants sad agrees thu if he shall tail to pay raid indelticdner or any part thereof-when:
<br />due; or,haii fail to perform any covenant or agreement of this instrument or thrpromiasory rtrne secured hereliv;-tife~
<br />attire indebtedness hereby secured shall immediately bedvme due, payable, and collectible without n~iee;`•aE.tfret
<br />option of the mortgagee ur assigns regardless of maturity. and the mortgagee or his arigns may before or after etatry;`
<br />sell raid property without appraiaemrnt Ithe mortgagor having waived and assigned m the mortgagee af?rights ~r
<br />appn~ement l
<br />! t 1 a[ judicial salt pursuant to the provisions of Yg U. S.(:. "_l101 I a 1 : or
<br />{at } st the option of the mortgagee, either by attetian or by aolieiutioa of sealed beth,'for the ltfdheetmd
<br />Lent bid complying with the tezmr of Bale sad manna of paymrnt epeti6ed in the published notice ofaale, ~%
<br />giving four weeks' notice of the time, terms, and place of such Bale, by advertiaetrtertt not iesatlean ortar
<br />during each of said four weeks in a newepapa published or distributed in the manly in which esiti!,:property<~
<br />is aituat¢d, all other notice bring hereby waived by the mortgagor toad said mortgagee, m any~fterron eta
<br />behalf of said mortgagee, may Lid with the unpaid indebtedner evidenced by said note}. Said rate shall his
<br />held at ar oa the property to be sold or at the. Federal, county, or city cotrrthouee for the twtmty in :vltie6 the
<br />proppary is located. The mortgagee ie hereby authorized to execute for and on hchatf of the mortgagor and to
<br />deliver to the purchaser at ouch sale a sufficient conveyan« of aid property, whicL convepattce shall contain.
<br />recitals a. to the happening of the default upon which zhe exeeuti.on of the paver of sale herein granted
<br />depends: and the said mortgagor hereby mmtitutee and apphinta the mortgagee or any agent ar attamr:y of the
<br />mortgagee, the agent and attorney is fact of said mortgagor to make such recitals and taexecate said
<br />conveyance and hereby covenants and agrees that the. recitals ro made shall be etitctual to basil egaityor
<br />right of redemption, homestead, dower, and all other rxemptinns of the mortgagor< all of which art hereby
<br />exlrresaly waived and conveyed to the mortgagee; or
<br />(wl take any other appropriate action pursuant to state or Federal statute either in state or Federal
<br />court or otherwise for the disposition of the property.
<br />In the event of a sale as hereinabove provided, the mnrtgagm or any lwrson in possession under the mortgagor shall
<br />then become and be tenants hoMing over and shall forthwith deliver poaxssion to the purchaser at such Bale or be
<br />summarily dispossessed, in accordance with the provisions of law appiicahk• to trname holding over. The power
<br />and agency hereby granted arc coupled with an interest and are irrevocable by death or otherwise, and are granted
<br />as cumulative to the remedies fur eoiiection of said indebtedness pravidexl by law.
<br />4. The proceeds of soy selr. of raid property in accordance with the preortling pe.ngraphs shall be applied fort
<br />to pay the costs sad expenses of said sale, the experrsee incurred by the mortgagee for the purpose: of protectipg or main-
<br />taining said property. and reasonable attorneys' fees; secondly, to tray the inde hteclness rrrurrd hereby: and thirdly,
<br />to pay sn,y surplus or axtxr Ao the perran ar persosrs }ego}ly rntiiis.+l :br. trio.
<br />5. Itt the event said property is sold ai a judicial foreclosure axle as pursuant to the power of cafe hereinabove
<br />granted, sad the proceeds an not su6cicnt to pay ¢ho total indebtedner secured by thu i~lntmeat and evidenced by
<br />said psomirory note, the mortgagee will be entitled to w deficiency judgment for the amount of the dejciencv wir}.'ewt
<br />rogard to appraiaemart.
<br />6. In the event rho mortgagor (ails to pey ant' Federal, state, ar local tan ansesemm~6 income tax or other tax lien,
<br />charge, fee, ar other expense charged against the properly, the mortgagee ie hereby authorized at his option m pay
<br />the same. Any rums ao paid by the mortgagee shall be added to and become a part of the principal amount of the
<br />indebtedness evidetteed 6y said note, subject to the .amt. terms and conditiotw. If the mortgagor sha{i pay and
<br />dixhargr the indebednese evidenced by said promissory note, and shall pay sorb sums and shall discharge aR taxes
<br />and lists and the chats, feed sad expenses of making, wt(oreing, and executing this mortgage, then this mortgage
<br />shall be canceled and surremlered.
<br />7. The covenants herein wutained droll bind and the 6eoefite and advaateges shat! inure to the rratpeceive suc-
<br />Caron and aseigeu of the parties Loreto. R'henever :gyred, the eitrgular nugrber ehaR include the plural, the plural the
<br />ttittsttlar, sad thtr rue of any gender shall incline all genders
<br />ZZ. 111o waiver-af any covenant herein or of the obligati«t secured hereby shall at eny lime thereafter Fee held
<br />to he- s waiver of the tern» hereof or of t}to note secured hereby.
<br />4. In oomplfaaoe with station 101.1 (d) of the Rules and Regulations o[ the Snmll Rusirteas Administntioa (13
<br />C.F.R. 1Ql.l (dj j, thir irrat;umeat is to be aoagraed and enforced in accordance with applicaLle Fe-decal law,
<br />ld., A }udieial decree, otda, or judgment holding any provision or portion of this instrurnem invehd ur rm-
<br />enforceaLlt eLall ttttt-in any way impair ar preclude the enforcement of the re:rtainmg provisimu or portions of
<br />tbir tagirataoat.
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