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~-- lj t_. !~ 13 ~ 3. The mortgagar cavrnnnts aad agrca that if he shall fail to pay Aid indebtedness or any part- thereof when ilarc, or shall fail to perform any covenant or agreement of Chia instrument or the promimnry note seeared hereby; i6t ntlx indebttdneaa hereby secured shall immediateh~ become due, payable, aad collectible witbeot native, at the optioa of the mortgagee os assigns. regardie~ of maturity, aad the mortgagee or his assigns may before or after entry sell said property without appraicement (the mortgagor having waived and assigned to the mortgaget ell rights of apPraistmeni) : . ' 1 l f at judicial sale pursuant to the provisions of 28 L`.S.C. 2001 f a) ; or (n) at the option of the mortgagee, either by auction or by aolieitatioa of sealed bids,'[oe the biglmat=ntd bat bid complying wit>~. the terms of gals and manacr of payment specified in the published tmtice of sale: firrq- giving four weeks notice of the time, terms, and place of such sale, by advertisement not leea3haa ones during each of said foue weeks in a newspaper publiehevl or distributed in the county in which said-.property, is eiwated, all other notice being Hereby waived by the mortgagor (and said mortgagee, or any-peraou otl~ ' behalf of said mortgagee, may bid with she unpaid iadebtednese evidenced by said note). Said oak shalt 5r held at or oo the property to be sold or at the. Federal, county, or city eonrthouee for the eoaaty is-which the property p !orated. Tht mo ;gage is htrtby authorized to extcuie for aad on Lthaif of the mortgagor and to deliver to the purchaser at such Bale a eufFeient conveyance of said property, which conveyance shill contain zecitala p to the happening of the default upon which the execution of the power of sale bezeio granted depeade; aad the said mortgagor hereby conetituta and appoints the tttortgagee or any agent or attorney of the mortgagee, the agent and attorney in fact of said mortgagor to make sock recitals and to tueate said conveyance and hereby rnvenanu and agrees that the recitals p made shall' be effectual W bar all equity or eight of redemption, F.omatead, dower, and all other ezemptiona of the mortgagor, all of which are hereby ezpreealy waived and conveyed to the mortgagee; or t ltt! take any other appropriate action pursuant to state or Federal statute either in state or Federal court or otherwise for the diapaition of the propem~. in the event of a aple as hereinabove provided, the mortgagor or any person in poseeeaion under the mortgagor shall then become and be tgnante bolding over and shall forthwith deliver possession to the purchaser at such sale or be summarily ditrlloaeaesed,,.jn;. araoxdattee.with the provisions of law applicable to tenants holding over.-The power and agency hereby granted are coupled with an interest and ere irrevocable by death or otherwise, and arc granted as cumulative to the remedies for collection of said indtbtedneaa provided by law. d. The proceeds of say Ale of said property in sceordance with the preceding paragraphs ehalI be applied 5nt to pay the costs and ezpeneee e( said ply the e:prnsa incurred 6yihe mortgagee for the purpox of protecting or main- taining said property, and reasonable attorneys' fern;-semndlr; to pay.tht indebtedness secured hereby; and thirdly, to pay any sur¢lus yr ezceae to the person or persona Iegelly entitled thertty. 5. Ia the evem-said property 4a sold at a judicial fareclasure sale of pnnusnt to iha-power at sale hercinabove granted, and the proceeds are not euiicient to pay the total indebtedness secured by this instrument and evidrnced by said promissory note, the mortgagee will be entitled to x deficiency judgment for the amount of the deficiency toitftottt regard to appraistrrtalt. 6. In the event the mortgagor fails to pay any Federal, elate, or local tax assessment, income tax or other tax Tien, charge, fee, or Wher expense charged against the property, the mortgagee is hereby authorized at his option to pay the same. Any sumo eo paid by the mortgagee ells!! be added to and become a part oC the principal amount of the indebtedness evidenced by said note, subject to the same terms and conditions. If the mortgagor shall pay and discharge the indebtedness evidenced by said promissory note, and shall pay such sums and shall discharge all razes and liens and the costs, fees, and expenses of making, enforcing, and executing this mortgage, then this mortgage shell be canceled and surrendered. 7. The covenants herein contained shall bind aad the benefits and advantages shall inure to the respective euc- eaaon and assigns of the parties hereto. Whenever used, the einquLr number shall ioclade the plural, the plural Ute aiogahv, a~ the use of say gandtrshall include all grndera. 8. lYa waivtr of any covenant Herein or of the obligation secured hereby shall at any time thereaiter lic Geld to be a waiver of the terms hereof or of the note secured herebv. 9. Ia evmpliance with section 101.1 (d) of the Rules and Regulations of the Small Bueinea Administration [ 13 C.ER I41.1(d) ), this instrument ie to be construed and enforced in accordanve with appGesblt Federal law. lU. p judicial decree, ordeq or judgmrnt holding any provision or portion of this instrument invalid ar un- rnforetabk shell not in any way impair yr preclude the enforcement of the remaining provisions or portions of thitt ittatrument. 388 reav 9aT ta-Jei ~~ Ja i;.