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<br />. - 3. The mortgagor covenants and agrees that if he shall Lail to pay acid indebtedness or any part thereof when
<br />dttF or shall fail to perform any covenant or agreement of this instroment or the promissory note secured hereby, the
<br />entire indebtedness hereby secured shall immediately became due, payable, and collectible without notice, at the
<br />oPaiws of the mortgagee or assigns. regardless of maturity, and the mortgagee or his assigns may before or sfter entry
<br />sd1 aid property' without appraisement i the mortgagor having waived and assigned to the mortgagee all rights of
<br />a).pnitrment)
<br />~ t I at judicial salt pursuant to the provisions of 28 L'.ti.t;. ^(ql 1 a) : or
<br />(u) at the option of the mortgagee, either by auction or by wlieitation of sealed bida,Yar the highest and
<br />beat bid complying with the terms of ale and manner of payment specified in the published notice of ak, fist
<br />giving four weeks' notice of the time, terms, and place of each Bale, by advertisement not lea than once
<br />during each of said four weeks in a newspaper published or distributed in the county in which said RroP~1-
<br />is situated, all other notice being hereby waived by the mortgagor (and aid mortgagee, or soy press m
<br />behalf of aid mortgagee, may bid with the unpaid indebtedttw evidenced by said note). Said ak`aball 6s
<br />held et or on the property to be Bold or at the Federal, county, or city rnurthsuse for the county in which the
<br />property is located. The mortgagee is hereby authorized to execute for and on behalf of the mortgagor and to
<br />deliver to the purchaser at such ale a eulRcient conveyance of aid properly, which conveyance shall contain
<br />reeilaL a. to the happening of the default upon which the ernution of the power of ak herein granted
<br />depends; and the said mortgagor hereby rnmtitutes and appoints the mortgagee or any ages[ or attorney of the
<br />mortgagee, the agent and attorney in faa of aid mortgagor to make such reeit:b and to execute said
<br />owtreymce and hereby rnvenaaU and agrees thu the reeitab a made shall be eBeMnal to bar all equity or
<br />right of redemption, homestead, dower. and all other exemptions of the mortgagor, all of which are hereby
<br />expressly waived and mnvcyed to the mortgagee: or
<br />I to I take any other appropriate action pursuant to sate or Federal statute either in state or Federal
<br />court or otherwise for lM disposition of the property.
<br />In the n~cm of a sale >• hercinabove provided, the mortgagor or am person in pnssewion under the mortgagor ehdl
<br />then become and be tensnta holding over and shall iorthwith deliver possession to the purchaser at wch sale or be
<br />wmmarik dispossessed, in accordance with the pmvisiona of law applicable to tenants holding over. The power
<br />and agency hereby granted are coupled with an interest and arc irrcvoea6le 6y death or otherwise, and arc granted
<br />u eumuluive to the romediee for coilertion of said indrMedneee provided by law.
<br />~. The proceeds of soy ale of acid property in accordance with the preceding paragraphs shall 6e applied firM
<br />m par tM caw and axpaasm of aid als, the e:pmw incurrod by the mortgagee to the purpose ad proteetletg a mats
<br />taininq said property, and rcawna6lr atlorners fen; seewtdly, to pay the indrhtednrr secured hrrebr: and thirdly,
<br />to par anv surplus or racer is tM pesos nr persnro legally entitled thereto.
<br />5. Is tM event acid proptrty L sold ^t s jadiei.l foeeelosurc ate or pttrattant to the paver of ak bsrtdaabere
<br />granted, sad the proeaads arc not ssticient to per the total ittdebtedner secured by thin itaHeument and eridaaeed !g
<br />aid promiaaon• not4 the mortgage will 6e entitled to s deficiency judgment for the aamuat oI the detictersep tatfsosu
<br />nrd to app+waetasnt.
<br />n. In the event Ilte mortgagor tails to pay mr Fedenl, state, or (oral tax assermem, income tax or otMr tax lien,
<br />charge, frr, or other expense chrrgsd agam•t the property, the mortgagee is herrbr ruthortxd at his option to pav
<br />tM same. Any sage so paid by the mortgagee shall be added w and bosoms a part o! the principal amount of the
<br />iadebtednr.. evidenced by said sae, wbjrxt m the •ame terms and ,ronditism. It 16e mortgagor shall pav and
<br />diadtaewr the itsdebtnlnes. widrtterJ br wid promirory note, and sMtl pay sash cams and shell dirrharge all taxes
<br />sad Rena and IM casts, fen+. and eapensw of making, enforcing, and executing thin mnrtgatle. then this tanrtgage
<br />almfl lm ransrled and wrraadered.
<br />7. TM auveaanh berets eoalaiaed shall bind and the benefice and advamatter shall inure to the rerpeelire sttr
<br />oaeearra and aripa at tee parties baretp phtaarver used, the aiagu6r nnatber shall iwcbtde tba phtnl, the phsrel elm
<br />iryttlrq atad fife use of atq gedar tJmll isebtde all ganders,
<br />$, Na waiver u! say osveaant ([stein or of the obligation sscurod Mreby shall st any [tens 1Mrcafter tr Mk1
<br />Is lls • waiver o! the tsrtr hares/ or of the sae served Mrcbv.
<br />9. In oesapliaace srg6 aaetioa 101.1(d) et tM Ruler sad Regttlatiaaa of tM Stovall Btssiaar Admiaiatntiw ~ 17
<br />C.F.R. 101.lId) ), thY i•ahttmaatu to Ire aaatttttrmd sad eatoeeed in ateordaaee with applicable Fetirral law.
<br />10. A jodfeial decnw, order, or judgment holding any provision or portion of this instrument invalid or uw-
<br />mttteeea6fe shall trot in any way impair or preclude the enforeesnent of tM remaiaittg provieiaro or poetises aft
<br />this itselrumetsl.
<br />anal r.. Mt Ihral v.. ..a s.
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