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<br />~;;: 3. Tice martgager covenants and agrees that if be aha]! fail to pay.eaid indebtedness oc.auy part thereof wbm
<br />diiek ttr shall fail to perform any covrnant or agreement of this frutroment or the promisewy note aeenred hereby, the
<br />t»t$e indebtedness hereby secured shall immediauly b~eeotge due, payable, and collectible withtmt notice, at t~-
<br />opEioti of the mortgagee or assigns, regardless of maturity, and-the mortgagee or bin assigns may before or afterentry
<br />asllisaid property without appraisement (the mortgagor having waived and assigned to the mortgagee sIl rights of
<br />appiaisement)
<br />(t) at judicial sale pursuant to the provieionso(28U.S.f..2(pl(a); nr
<br />(tt) ad the option of the mortgage, either by auction or by solicitation of sealed bida,'fos the 6igltet and
<br />brat hid Complying with the terms of sale and roamer of payment specified is the published-notice of sale, friat~
<br />giving tour weeks' notice of the time, terms, and place of such sale, by advertisement not leas than Croce
<br />during each of said four weeks in a newspaper published or distributed in the county in which-acid property
<br />.is situaoed, all other notice being hereby waived by the mortgagor (and said mortgagee, a any ptutroa m
<br />~- behalf of said mortgagee, may bid with the unpaid intlebtedaer evidenced by said note). Said eek shall be
<br />held at or on the property to be sold or ai the Federal, county, or city courthouse for Cho awnty u wbieh tbo
<br />property is located. The ma: tgag~ is hereby authorized i6 ¢zecutG far Snd ~ behalf 6f iSto mortgagor sad to
<br />deliver to the purchaser at such Bale a sufficient eonveyaoce of said property, which conveyance shall txmtaia''. ',
<br />recitals a to the happening of the default upon which the ezecution of the power of'sale herein granted',
<br />depwde; and the said mortgagor hereby constitute and appbinta the mortgagee or any agent arattotttey of the ~.
<br />mortgagee, the agent and attorney in fact of said mortgagor to make such reeitab and to execute said'. ~'
<br />conveyance and hereby covenants and agrees that the recitals,, eo made shall be e6eCtnal to bar all equity to '
<br />right of redemption, homestead, dower, and all ocher ezemptions of the mortgagor, all of which are htrebp~
<br />expressly waived and wnveyed to the mortgagee; oc ~ ~ '
<br />Int) take any other appropriate action parsnant to elate ttnFederal statute either in state ar Federal
<br />court or otberwix for the disposition of the property.
<br />In the evens of a sale ae hereinabeve provided, the mortgagor or any person in poreesion under the mortgagor shall
<br />then become and be<;~'f~~c~p'Y„s"~a)1!(orthwith delivor-pore~ion to the purchaser at snelt;Mk or 6e
<br />summarily diapomessed,'~in acosetl:~pe:~wit}y-the provisions of law applicable to tenants holding over The power
<br />and agency hereby grantedure rttntpled with ae~irttereet and are irrevocable by death or otherwise, and are granttd
<br />ae cumulative to th~renrediea [or ca:ketioa of eaid~indelaedneas provided-bylaw. -
<br />0. The proceeds of any wle of acid property is accordance with the prceeding paragraph shall be applied brat
<br />to pay the trosta and e:pened of wid oak, the ezperve incurred by thn mortgagee for the purpaae of proleetiog er maio-
<br />taming said property. aad.reaaoaable attoruev4 {sea; arCandly, to .pay the indebtedness secured hereby; and thirdly,
<br />to par env surplus or ezcCCxa to the pt~rson ar per«ma legally entit Eel, thereto.
<br />S. fa the Ermi raid property is sold at a judicis) fotsecfosure sat! or punwnt to the power of sale hercioabove
<br />granted, and Ibc proeeede are not suSteient to par the total indebtedner eeeured by Chu instrument and evidenced by
<br />wid promissory nose, the mortgagee will be entitled to + deficiency judgment for the amount of the de)ciency avit/tont
<br />regard to appraiaement.
<br />b. In the event the mortgagor fails to par any Federal, elate, or local tax aeseesment, income tax or other tax lien,
<br />charge, fer, or ether experue charged against thr property, fire mortgagee is herrby authorized at his ap{ion to pay
<br />the name. Any sums so prid by the mortgagee elteli be added to and become a pan of the principal amount of the
<br />indebtedness evidenced by said note, subject to the same terms and canditiane. If the mortgagor shall pay and
<br />discharge the indebtnlneee evidenced by said promissory note, and shall puy such soma and shall Jixharge, a!! taxes
<br />and liens and the costs, fees, and expenses of making, enforcing, and ezecutinq this mortgrge, then this mortgage
<br />shall be canceled and aurrcndercd,
<br />7. 1'h covenants herein contaiacd shall bind and the benefits and advantage shall inure to the repective cuts
<br />txweota and assigns of the parties hereto. Whenever used, the siaguler number ehaU include the plural, the plural the
<br />riagttlar, and the ore of say gender shall iaClude all geaden.
<br />No waiver of my Covenant herein or of the obligation aecured'hercby shall at any t[me thereafter be hold
<br />[o be o waiver of the terms hereof or of the note secured hereby,
<br />4. In t»mplianrc with seetioa 101.1(d) o! the Ruhv and Reguletions of th Smrll llu.ineaa Adminiatratioa (13
<br />C.F.R. 101.1 (d) ), this ioatrttmant is to be twoatrued and enforced in accordanoe with applicable Federal low.
<br />lU. A judicial dnereo, order, or judgment holding any provision or portion of this iwtrument invalid or ue•
<br />eadtreCeable eltall not in any way impair or preclude the enforcement of Cho remaining provisions or portioru of
<br />the iwtrument.
<br />ass r.,. ear te-rai `.~ " •,_ "°
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