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$0-= 004566 3: The mortgagor covenants and agrees that if he shall fall to pay said indebtedness or anp part thereof tritest due or shall fail to perform any covenant or agreement of this instrument or the promissory note seeored Iureby, the etetire indebtedness hereby secured shall immediately become due, parable, and collectible without notice at-the option of the mortgagee or assigns, regardless of maturity, and the mortgagee or his assigns may before ocafner catty eeN esid property without appraisement (the mortgagor having waived and assigned to the mortgagee al! rights of appnisement): - i t) at judicial sale pursuant to the provisions of 28 U.S.C. 2001 (a) ; or (n) at the option of the mortgagee, either by auction or by solicitation of eeakd bids,~for the#tighatand best bid implying with the terms o[ Bale and manner of payment specified in the published ttotioe-~ sale. fiiu- giving four weeks notice of the time, terms, and place of such sale, by advertisement not lesr~tbaa oMe during each of said four weeks in a newspaper published or distributed in the county in which said properly l situated, all other notice being hereby waived by the mortgagor (and said mortgagee or anf p@son m behalf of said mortgagee, may bid with the unpaid indebtedness evidenced by said note). Said sak shall be held at or oo the property to be Bold or at the Federal, county, or city rnurthouee far the comty in which the property l located. The mortgagee ie hereby authorized to execute for and oa behalf of the mortgagor and to deliver to the purchaser at such Bale a ealficieni conveyance of said property, which conveywee shall contain recital u to the happening of the default upon which the execution of the power of uk herein granted depends; and the said mortgagor hereby constitutes and appbinta the mortgagee or any agent or attorney of the mortgagee, the agent and attorney in fact of said mortgagor to make such recital and to ezecute said convevana and hereby rnvenanta and agrees that the recitals eo made shall be effecturi to bar ail egaily or right of redemption, homestead, dowxr, and all other exemptions of the mortgagoq all of which are hereby expressly waived wed conveyed to the mortgagee; or (nt) take any other appropriate action pursuant to state or Federal statute either in state or Federal court or otherwise for the disposition of the property. In the event o(a sale as hereinaboce providzd, the mortgagor or any person in possession under the mortgagor shell then become and be tenants holding over and shall forthwith deliver possession to the purchaser at such sale err be summarily diapoeeeaeed, in accordance with the provisions of law applicable to tenants holding over. The power and agency hereby granted are coupled with an interest and are irrevocable by death or otherwise, and are granted ere cumulative to the remedies (or collection of said indebtedneae provided by law. 4. The proceeds of any Bale of said property in accordana with the preceding paragraphs shall be applied first to pay the costs and expeaxs of uid sak, the expenses incurred by the mortgagee for the purpose of protecting ormain• twining said property, and reasonable attorneys' fees; secondly, to pay the indebtedneae secured hereby; and thirdly, to par any surplus or excess to the person oc persona legally entitled thereto. S. In the event said property ie sold st a judicial foreclosure sale or pursuant to the power of Bale hereinabore granted, and the proceeds arc nest su~eient to pay the total indebtedness secured by this instrument and evidenced by said promissory Hots. the mortgagee will be entitled to a deficiency judgment for the amount of the deficiency without regard to opproiaement. 6. In the event the mortgagor fails to par any Federal, state, or local tax aaeessmenq income tax orother tax lien, charge, fee, or other expense charge) against the property, the mortgagee is hereby authorized at his option W pay the same. Any some w pnid by t6c mortgagee shall he added to and become a part of the principal amount of the indebtedness evidenced by said note, sxbject to the name terms and conditions. I[ rho mortgagor shall pay and discharge the indebtedness evidenced by said promissory note, and shall pay such sums and shall discharge all taxes and acne and the costa, fees, and expenses of making, enforcing, and executing this mortgage, then this mortgage shall be canceled and surrendered. 7. The coreornts herein contained shall bind sad the beoefite and advantages shill inure to the respcetive euo sawn sad assigns of the parties hereto. Whenever used, the eingulr number shill include the plum, the plum the rittgnlar. and rho use of any gender shall include all geodem g. No waiver of any covenant hereiu or of the obligation swured hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the note secured hereby. 9. In compliance with seetioo 101.1(d) of the Rules and Regulations of the Smdl Businex Administntion [ 13 GF.R.-1011 (d) j, this ioatromeut is to be condrued-and enforced in accordance with applicable Fedenl law. IU. A judicial decree order, or judgment holding any provision or portion of this instrument invalid or um eeforceable shall not in any way impair or preclude the enforcement of the remaining provisions or portions of this instrument. sae cur Oar ta-rat " ° "y "" Rx l