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<br />3. The mortgagor covenants and agrees that if he shall-fail to pay said indebtedness or any part thereof wheel
<br />due, or shall fail to perform any covenant or agreement of this instrument or the promissory note secured heteby, thb.;
<br />entire indebtedness hereby xcured shall immediately become due, payable, and collectible without notice, at ihe:
<br />option of the mortgagee or assigns, regardless of maturity, and the mortgagee or his assigns may before or after entry .
<br />still wid property without appraixment (the mortgagor having waived and assigned to the mortgagee all rights og'
<br />appraisetnent }
<br />i t } at judicial sale pursuant to the provisions of 2g li.S.C. 20011 a) ; or
<br />(n) at the option of the mortgagee, either by auction or by solicitation of sealed bida.'[or the higlteat amt
<br />6ea bid complying with the terms of wle and mamer of garment specified in the published notice of wk, heat
<br />giving four weeks notice of the time, terms, and place of such sale, by advertisement not lees than once.
<br />during each of wid tone weeks in a newspaper published or distributed in the county in which wid property
<br />is sitwted, all other notice being hereby waived by the mortgagor (and said mortgagee, or ay persm aia.
<br />' behalf of said mortgagee, may bid with the unpaid indebtedness evidenced by wid note). Said wk shall be
<br />held at or on the property to be Bold or at the Federal, county, or city rnurthouse for the trounty in «hieh the
<br />property u located. The mortgagee is hereby authorized to execute for and on behalf of the mortgagor and to
<br />deliver to the purchaser at ouch wle a eulFcient conveyance of acid property, whie6 conveyance shall contain
<br />reeita4 v to the happening of the default upon which the execution of the power o[ wk herein granted
<br />depends; ad the said mortgagor hereby eontitutes and appoints the mortgagee or any sgent or attorney of the
<br />mortgagee, the agent and attorney in fact of said mortgagor to make such recitals and to execute said
<br />emveyanee and hereby coveaata and agrees that the recitals eo made shall be cHectnd to bu all equity or
<br />rirht of redemption, homestead, dower, and ail other exemptions of the mortgagor, all of which are hereby
<br />exprewly waived sad conveyed to the mortgagce; or
<br />(ut 1 take any other appropri ~unuant to state or Federal statute either in elate or Federal
<br />«. .. ..
<br />court or otherwise for the disposiu~ ~j~ _ ° "
<br />in the event of a sale ad hereinabove provsde t~etilti7(tara:st' ans`pesaon in possession under the mortgagor eh:ll
<br />that become and be tenanU holding over and shall forthwith deliver posaeaeion to the parchaxr at such Bale or be
<br />twatm:rily dispoexased, in accordance with the provisions of law applicable to tenants holding over. The power
<br />sad agency hereby granted arc coupled with an interest ..-mod are irrevocable by death or othcrwix. and are granted
<br />w cuntnlativc to the remedies For collection of said indeL_.,dness provided by law.
<br />i Th+. peoeeedrof ay wk of said property in accordance wills the prccediag paragraphs shall be applied fitu
<br />to pay the sorts ^rd ettpeesu of aaid'ak, the e:perun inenrred by the mortgagee for the purpose of protecting or main-
<br />taining said properh, and reasonable attorneys fees; exondly, to pay tier indebtedness secured hereby; and thirdly.
<br />to pay any mrp}ve or a:cer to the person or persons legally entitled thereto.
<br />5. L the eveet acid property is soW at • jasdieial toreelosurc wk or pttrstmt to rite pa«cr of sale hereiaabove
<br />grated, sad the proceeds are net auieient to pay the tout indebtednes secured by this intrutent and evidenced by
<br />said proaeirory note, the mortgagee will be eetitkd to a defieieney judgment for the amoaat of the de)ceiettry teidtort
<br />reg~d ro appr.iaensau.
<br />6. In the even) the mortgagor (ails to pay any Federal, ante, or local tax assessment, income tax or other tax lien,
<br />charge, fee, or other expene charged against [Ire property, the mortgagce is hereby authorized at his option to pay
<br />the assns. Anp awn so paid by the mortgagee shall 6e added to and become a part of the principal amount of the
<br />indebtedness evidenced by said note, subject to the same terms and conditions. If the mortgagor shall pay wd
<br />discharge the indebtedtter evidenced by said promissory note, and shall pay such sums and shall discharge all tares
<br />sad lien sad the costa, fee,, and expenses of making, enforcing, and executing this mortgage, then this mortgage
<br />sb~ll he weeekd and surteadered.
<br />7. The eoveaaats berre~ contained aball bind and the bmefite ad adrataRes shall inure to the nspeetive wa
<br />ettwn and sigaa a! the parties berxto. ~ tteaever used, the singular nnwber shall inehrde the phtrel, the plstral the
<br />riagalaG sad-the ere set say gender shall inelode all geadeta
<br />8. No «aitret o[ any covenant herein or of the obligation assured hereby shall at any time thereafter be held
<br />to M a «aiver d else tarar leer-sot or of the ante secured hereby.
<br />1. L esaaplianae sritlt ssetiaa 1QL1(d) of the Raka ad Reguiati~ns o[ the Swell Bttsioer Adasiaistratioa {1]
<br />GF.IL il/l.I€di]. This irahrart is to -a aa~trned and enlatted is aceordasoe «it6 applieabk Fedeni law.
<br />!f. X jstdieial dense, order, er judr at holding aaq proviuoa or portion o[ this intrunent invalid or ua-
<br />ariweahle shall-nM iatawy tray iwpair or preelnde the enforoemeat o! the remaining provision or portions of
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