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<br />3. The mortgagor rnvenanta and agrees that it he shall tail to pay said indebtedness or my part therioi-whrn
<br />due: or shall fail to perform any covenant or agreement of this instrument or the promissory note secured hereby. the _
<br />entire indebtedness hereby secured shall immediately become due, payable, and collectible without rwtice, at the
<br />option of the mortgagee or assigns, regardless of maturity, and the mortgagee or his aeeigns may before or after entry
<br />sd1 wid property without appraieement fthe mortgagor having waived and assigned to the mortgagee all rights o[
<br />appraisement)
<br />11) at judicial Bale pursuant to the provisions of 28 U.S.C. 20011 a) ; or
<br />(tt) at the option of the mortgagee, either by auction or by so{iciution of waled bids,~for the highest sad
<br />beat bid complying with the terms of Bale and manner of paymrnt epeeifled in the published aroti« of wk, first -
<br />giving four wroke' notice of the time, terms, end place of each Bale, by advertixment not lew than otloe
<br />during each of said lour weeks in a newspaper published or distributed in the county in which wid property -
<br />, is situated, alt other notitt being hereby waived by the mortgagor (and wid morlgageq or any pesos en
<br />behalf of wid mortgagee, may bid with the unpaid indebtedness evidenced by wid note). Said wle shall be-
<br />held st or on the property to be Bold or at the Federal, county, or city courthouse for the county in which tho`:
<br />property is located. The mortgagee is hereby authorised to execute for and on behaU of the mortgagor and to
<br />deliver to the purchaur at each sale a sufficient conveyance of aid property, which conveyance shall coauin
<br />teeitsb w to the happening of the default upon which the a:ecution of the power of wk herein grmted
<br />depends; and the wid mortgagor hereby constitutes and appbinu the mortgagee or any agent or attorney of the
<br />mortgagee, the agent and ntoroey in tact of said mortgagor to make such recitals and to eaeeate wid
<br />conveyance and hereby rovenanu and agrees that the recitals so made shall M eflecmal to bar all equity a
<br />right of redemption, homestead, dower, and all other exemptions of the mortgagor, all of which arc hereby
<br />expressly waived and conveyed to the mortgagee; or
<br />tut) take any other appropriate action pursuant to state or Federal statute either in state or Federal
<br />court or otherwise for the dieplreitioa of the property.
<br />In the event of a sale as hercinabave provided, the mortgagor or any person in possession under the mortgagor shall
<br />then become and be teaaap holding over said .hall forthwith deliver poeseleion to the purchaser at such wle or be
<br />wmmarily diepossesced, in accordance with the provisions of law applicable to tenants holding over. The power
<br />and agency hereby granted arc coupled with an interret and are irrevocable by death or otherwise, and arc granted
<br />as cumuluivc to [he remedies for coiteetioa of said indebledneae provided by law.
<br />0. The proceeds of any ale of wid property in ateordanee with the preceding paragraph shall be appllad first
<br />w pay the rasp and ezpenws of wid wM, tM eapened incurred by thr. mortgagee for the purpose of proteetiag or laaia~
<br />Iaining said property, and reawnable attomeyr tree; aeanndly, to pay the indebtednw.ecurnl hereby: and thirdly.
<br />to pay any surplus or exens to the prsorl wr prrwm legally entitled thereto.
<br />5. In th erect said property a sold at a judicial fereelosure wle or pursoant to tM pswsr e( wk hereiaabovs
<br />gtaaled, and the proceeds aro not strilieirn! to pay the teal indebtedness secured by this ieattroraaat and evidssioad by
<br />wid promissory note, the mortgagee will M rntitled to r deficiency judgment for the aaeouat oI tM dsjkieaeY raisAaat
<br />nerd to appnsesslwwet.
<br />6. In the ryrnt the mortgagor faib to pay any Federal, sate, ur local tax ase.emrnb ineomr tax or other tea lirn,
<br />charge, trr, or other eapelise charge/( agaiml the property, thr mortgagee is hereby authorized at his option m pay
<br />the wme. Any rums so paid by th mortgagee shall fie added to and become a prrt of the prirleiprl amount of the
<br />indebtedaeae wvidarenl by wid noer, subject to the name terms and ronditiorts, 1f th mortgagor shall pay and
<br />discharge the naleMednes ryidenerd by said promiawry note, and shall pry such rums and shall discharge all toes
<br />and lien rod tM roan, tree, and a:peasea of making, enforcing, and executing thu mortgage, then thu rwortgags
<br />sMH M canceled a/d surrendered.
<br />7. TM eovanawp Mreia conlaiuad chaff tend sad the faaae4p sad advaotaRSa shall iwre to th rsspsative etso-
<br />ewsass and assiaels of t-e partws hassle. ~}leasver used, the sw{ular nuwbar drat) iaelada t[» phsnl, tM plaral tlta
<br />siaptLr, sad tlta .are e[ say ~ stsall irate aU gaaderw
<br />g. No waiver rat say eovepanl herein or of the obligation rseured hereby shall st say time tMreafter M hld
<br />to M a waiver at th tertwa hereof or of tM note sacurad hereby.
<br />9. la caapliaree with seetior 101.1 td) of tM Ruks and Ragalatioas of tM Sssall Hwiseas Admiaistntiw [I1
<br />C.F.R. Itll.lEdl ), this iastrrtslrt i• to h eeastrrssd and enfoscsd is slxordaaas with spplieabM Feianl few.
<br />Itl. A judicial decree, order, or judgment holding any provision or portioe n( this imtrunlent invalid or ua~
<br />awforceabk .hail mr u sty way impair or preclude tM enforcement of tM remaining provisions or porticos of
<br />thla itwlrtlsaeat.
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