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<br />3. The mortgagor rnvenants and agrees that if 6e shall tail to pay etid indebtedness or any part thereof when
<br />dtse. of vhall fail to perform any covenant or agreement of this instrument or the promissory note secured henby, the
<br />entire indebtedness hereby necurcd shall immediately bernme due, payable, and collectible without notitt, at the
<br />~m of the mortgagee or assigns. regardless of maturity, and the mortgagee or his assigns may before or after miry
<br />rdf said property without appraisement (the mortgagor having waived and assigned to the mortgagee all rights of
<br />agrpnisemmt 1
<br />I t 1 at judicial sale pursuant to the provisions of 28 U.S.f,. 2001(x) ; or
<br />(et) at the option of the mortgagee, either by auction or 6y eolieitatioo of sealed bids,~for the higlaast sad
<br />boat bid complying with the terms of sale and manner of payment specified in the published notix of wk, Ent.
<br />giving four wroks' notice of the time, terms, and place of each wle, by advertisement not less than scree
<br />during each of said (our weeks in a nevvspsper published or <listributed in the county in which slid property
<br />o situated, all other notice being hereby waived by the mortgagor land said mortgagee, or say ptasaa ors
<br />behalf of said mortgagee, may bid with the unpaid indebtedtuw evidenced by said Dolt). Said wk shall Ira
<br />held at or oo the property to be Bald or at the Federal, county, or city trourthotrse for the rntmty is which the
<br />propertyu located. the mortgagee u henby authorised to execute for sad on behalf of the mortgagor and to
<br />deliver to the purchaser at such ale a eulficient conveyance of said property, which ooavtyanee shah eantain
<br />nciub u to the happening of the default upon which the execution of the power of sak 6emio granted
<br />depmdr, and the said mortgagor hereby constitutes and appoints the mortgagee or say agent or attorney of the
<br />mortgagee, the agent and attorney in fact of said mortgagor to make such ncitab and to a:scare said
<br />oonveyaoa and henby covmanu and agrees that the recitab so made shaft 6e eQeewal to bar aft egaiq a
<br />right of redemption, homestead, dower, and all other exemptions of the mortgagor, all of which an henby
<br />expressly waived and conveyed to Iho mortgagee; or
<br />1 m I take any other appropriate action pursuant to state or Federal statute either in state or Federal
<br />court or otherwise for the disposition of the property.
<br />In the event of a axle as hereinabeve provided, the mortgagor or any perwn in possession under the mortgagor shall
<br />then become and be tenants holding aver and shall forthwith deliver possession to the purchaser at such sak or be
<br />wmmuily diapoexeased, in accordanrr with the provisions of law applicable to tenants holding over. The power
<br />and agency hereby granted are coupled with an interest and an irrevocable by death or otherwise, and are granted
<br />n eumulalive to the remedies For collection of said iodeMtdness provided br law.
<br />4. The proceeds of any wk ~ said property in aceotdaacr with the preceding paragnpM shall 6e applied Ent
<br />is pq the cats and expertsas of wid sale, the e:pcaaa iaaurrad by the mtxgagee for the purpose of protecting or maio~
<br />twining snot property, and roarertable attorrteyi fees: secondly, to pay the indebtedner securrd hereby: and thirdly,
<br />to pay any surplus or exttss to the person or persons legally entitled ehereto.
<br />5. in the event said property is sold at a jadieial feeaelown .ale or punuwt to the pstrer of wk hereinabove
<br />grawted, awd the proceeds sn not wlieieat to pay the tool indebtedner second by this itsstrutneut and evidenced by
<br />acid pramirory note, the mortgagee will lee entitled to .deficiency jttdgtaent (or the antouat of the dsFriewry srlrfrant
<br />regred to appnisemssrt.
<br />b. In the event the mortgagor fads to pay any Federal, state, or local ux assesamenL income tax or other tea lien,
<br />charge, fre, ur other rxpettse charged against the yroperty, thr mnrtgagee is hereby authorised al hu option to pay
<br />rho wme..4ny soma so paid by the mortgagee shall he added to end become r pan of the principal amauot of the
<br />indebtednee. evidenced by said trots, avbject to the same terms and eonditiotw. If the mortgagor shalt pay and
<br />dMcharge the indebtedness evide.:^ed by said promissory note, and stall pay such wens and shall discharge all testa
<br />nerd liana and the costs, fees, and rxpensts of making, enforcing, and rarculing this mortgage, then this mongrge
<br />shag 6a canceled and wrrtnrkrcd.
<br />7. TM covosawY hettsirt eosWirtad shall bind and the benebu and adwntattsa shall inure to the respatNire ana
<br />assents and assipr of the panty haters. ~+ltsaerer teed, the sugnlar nttm-er shag isehrde she plnnl, tM plaral the
<br />ring*Mr, sad tbs tw of asy gantMr Jtall inaltait aH pndsn.
<br />q. IVo waiver of say covenant heroin or of the obligation secured henby shall at am time thereafter fw igld
<br />a Ae • waiver of the fetes hereof w u( the note traced herebr.
<br />9, la caaplianee with section 10l.1 f d) of the Rnlso and Regulation of tfa Small Btuinsrs AdtrtiwLtrstlrta (l1
<br />C.F.R. 101.1ld) I. ~• iaaMeammt is to bo caaMrued sad enforced in aeeordawa with applkabM Fedaesl law.
<br />!Q. A judicial Beene, order, or judgment holding any pnviaion or portico of Chia ittstrorttent invalid or urr•
<br />swfasceabk shall not is car way impair w preclude the enforcement of the remaining provision or portiooa of
<br />tlti- inurument.
<br />sox -e.~ qr ta-rat .~ . ,,,
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