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<br />3. The mortgagor covenants and agrees that if he shall fail to pay acid indebtedness or an} part thereof when
<br />due, or shall fail to perform any covenant or agreement of this instrument orthe-premieaory note secured herehy, the
<br />satire indebtedness hereby secured shell immediately become-due, payable, and collectible without notice, ai the
<br />option of the mortgagee or assigns, regardless of maturity, and the mortgagee or his assigns may before or after entry
<br />eell.said property without appraisement tthe mortgagor having waived and assigned to the mortgagee all rights of
<br />appnisement)
<br />(t j at judicial sale pursuant to the provisions of 28 U.S.C. 2WI i a I ; ur
<br />(u) at the option of the mortgagee, either by auction or by solicitation of sealed bide, for the highest sad
<br />beat bid complying wish the terms of sale and manner of payment specified in the published notice of sale, first
<br />giving four weeks' notice of the time, ternts, and place a( such sale, by advertisement not less 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 any person o0
<br />behalf of said mortgagee, may bid with the unpaid indebtedness evidenctd by said note). Said sale shall be
<br />held at or on the property to he sold or at the Federal, county, or city courthouse far the county is which the
<br />property is located. The mortgagee ie hereby authorized to eztcute for and on behalf of the mortgagor and to
<br />deliver to [he purchaser at such sale a anfficiem conveyance of said, property, which conveyance shall contain
<br />recitale as to the happening of the default upon which the execution of the power of sale herein granted
<br />depends; and the said mortgagor hereby conatitutee and appoints the mortgagee or any agwt or attorney of the
<br />mortgagee, the agent and attorney in fact of said mortgagor to make each recifaL and to execute said
<br />conveyance and hereby covenants and agrees that the recitals eo made shall be effectual to bar all equity or
<br />right oC redemption, homestead, dower, and al! other exentplionp of the mortgagor, all of which are hereh}
<br />expressly waived and conveyed to the mortgagee; or
<br />(till take ang other appropriate action pursuan! to state or 1•'rderal statute either iu slate ur F'edrral
<br />court or otherwise for the disposition of the property.
<br />fn the event of a Bale as hereinbefore provided, the mortgagor or any petsom in possession under the mort-
<br />gagor shall then become and be tenants holding over and steal! forthwith deliver possession to the purchaser at
<br />such sale or be suttt~rispoasessed, in accordance with the proviaiona of law applicable to tenaNs holding over,
<br />The power andtSfgegcy lE4re anttd are rnupled with an interest and arc irrevoenble by death or otherwise, and
<br />are granted ae cumulatSVe to~medies for collection of said indebtedness provided by law.
<br />~• Thy prt:eteda of=tuiy pals id property in accordance with the preceding paragraphs shall be applied first
<br />to pay they;s~u add e~ttats of sat Bale, the expellees incurred by the mortgagee for the purpose o(proteating or main•
<br />raining aaide,._psuperty, and reaeonafjle attorneys fees; secondly, to 1>ay the indebtedness secured hereby; and thirdly.
<br />to pay any eofplusos sasses to the perwn or parsorte legally entitled thereto.
<br />~~ ~ ,;
<br />S. In the event~sa'ii~'~r~o rt • ie cold at a 'udicial forectoenre sale or
<br />p Pe } ) pursuant to the power of Bale hereinabove
<br />granted, and the proceeds are not sufficient to pay the total indebtedness secured by this instrument end evidenced b}•
<br />said promissory note, the mortgagee will be entitled to a deficiency judgment for the amount of the deficiency urithout
<br />regard to appraisement.
<br />6. In the event the mortgagor fails to pay airy Federal, state, ur local tae ussesnmeul, incorur tax ur other tai
<br />lien, charge, tee, or other expense charged against the property the mortgagee is hereby authorized at his option to
<br />pay the same. Any some ao paid by the mortgagee shell be added to and become a part of the principal amount o(Au•
<br />indebtedness evidenced by said note, euhject to the same terms and conditions, I[ the mortgagor shall pay and
<br />dixharge the indebtedneee evidenced 6q said promissory note, and shell pay such some and shall discharge all
<br />tam and liana and the cwta, fees, sad a:penses of mskittg, enforcing, and caseating this mortgage, than thin mortgage
<br />rhall be canceled sad surrendered.
<br />+. The eovenanU herein contained steal{ bind and the banafita xnd xdvxntugns nhxll inrrn• to Ihr r.•~prrtr..• rur•
<br />ressore-and amigm of the parties hereto. Whenever used, the singular number shell inoluda the plural, the plural the
<br />siegnlar, and thn use of any gender aball include alt gwden.
<br />& No wnivar o[ any covetumt heroin or of the obligauoo secured hereby shell at au} time thereafter lK he1J
<br />to be a waiver of the terms hareot or of the note secured herehy.
<br />9. A judicial decree, order, or judgment holding any provision or portimr u[ this ittrltuntent invalid ur uucu-
<br />forceable shall sot in any way impair or preclude the enforcement of the remsining provisions or portions of thin
<br />imtrument -
<br />14, Any wtittao notice tabs iussttatl w 2Fm mortgagor pureuanE to the prorisicne of this instrumeot shall be ad•
<br />drered xntha ttxorxgaa^or ei
<br />sad any written notice to be issued to the mortgagee shall
<br />be addressed to the mortgagee at
<br />SaA FORM 32a (2.73)
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