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<br />$0- 0050x7
<br />3. -.The mortgagor covenants and agrees that if he ehalY fail to pay said indebtedness or any pan thtreof when
<br />thte, or shall fail to perform any covenant or agreement of this instrument or the preinissory note secured hereby, the
<br />sillies indebtedness hereby secured shalt immediately become'-due, payable, and rotlectibie without notice, at the
<br />ajeion of the mortgagee or. assigns, regardless of maturity, and the mortgagee or his assigns may before or titer-entry
<br />self:rid.properly withanF=appraiseotent (the mortgagor having waived and assigned to the mortgagee all rightsnf
<br />alt~tawemtvrt)
<br />U) at judicial sale pursuant [o the previsions of 28 U.S.C.. 2fi01(a) ; or
<br />(n) at the. optics of the mortgagee, either by anMitut or by aolicitatioa of sealed bitle,'foe the highest ad
<br />beat mid.-eo~-plyieg with the lessen of rk sad maeaer of paymena epeeified is the published notic¢ of sale, Sett
<br />giving four weeks' notice of th.: time, terms, and place of ouch sale, by advertisement not iris titan ogee
<br />durieg each of acid four weeks in a newspaper published or distributed in the county in which rid property
<br />is aitnated, all other notices being hereby waived by the mortgagor (and said mortgagee, or shy- pe;aenm
<br />' bdulf of rid mortgagee, may bid with the tmpaid indebtedttew evidenced by rid note}. Said=ask shaRbe
<br />held at or oa the property to be sold or at the Federal, county, or city courthouse for the cottnt~;in whit&'tbe
<br />property is located. The mortgagee is hereby authorized to ezecute for aid on behalf of the mortgagor and to
<br />deliver to the purchaser at suefi sale a euffieient conveyance of said property, which coaveyaocashall coatafa
<br />redtals r to the happening of the default upon which the a:eeution of the power of sale berets granted
<br />de*atds; and the said mortgagee hereby troostitntes and appbinte the mortgagee or any agent or attorney ofibe
<br />mortgagee, the agent and attorney in [act of said mortgagor to make such recitaG and to etteente rid
<br />oeatreyaau sad hereby covenants and agrees that the recitals so made shall be eRectaal to bar all egniq or
<br />right of redemption, homestead, dower, and aft other exemptions of the mortgagor, all o€ which an hereby
<br />e:preriy waived acrd conveyed to the mortgagee; or
<br />1 w 1 take say other appropriate action pnnuant to state or Federal statute either in state or Federal
<br />court or otbeewise for the disposition of the property.
<br />Ice the event of a rlc a hereinsbeve provided, the mortgagor or any person in possession under the mori/,agor shall
<br />rhea become sad be ttntanh holding own said shall farthe~ith deliver possession to the purchaser at such sale or be
<br />wtasaarily dtsporeaed, ~ aceordatttz witfi the provisions of law applicable to tenants holding over. The power
<br />and agency hereby gram are coupled wiHi an iaterest sad are. irreveeable by death or otherwiet, and are granted
<br />r etatalefive to the reteedia nr_coileetior.9i said indebtedness provided by law.
<br />4. The pneeeda of sty rk of said pnperty ie seeordaoee with the preceding.. paragraph shall 6e applied first
<br />M py the each and eapearr of'rid rk, the a:pairs incurred by the mortgagee forthc purpose of protecting or main-
<br />taining said property, and reasonable attorneys' fees: secondly, to pay the indebtedness secured hereby; and thirdly,
<br />r pay any aurphts or e:txr to the persott or p:7aooa Iefallr entitled thereto.
<br />3. In the e-atit nail property is rld at a judicial foeeckaure rk or pursuant to the power of uk hereieaba~re
<br />grassed, and tie proeeetis are sot ,ttiteitat to p.y the total indebtednds .seared by this iestntarme astd evfdeeoel by
<br />said peoagasory to0a, the ntarfpgee will be entitled ao a de6t3recy judgeteat for the ataottttt of the dtFcieney toitlVostr
<br />ryarsi to appniaawtmtt.
<br />6. 1~ the event the tttertRagor fails to paw any Fedtra4 state, or local tax assessment, income tax or other tax lien.
<br />ehargt, fit, or o16er eapeme chrged agaiest the property, the aortgagee is hereby authorized at his option to pay
<br />rite-ante. Aty swan r paid by ebe mortgagee alsal! be added to sad become a part of the priutipal amount of the
<br />ittieliletbLeas e.iitaeed by said note subject to tiro satnc tercets and eonditiorts. u the mortgagor shall pay aa~d
<br />disebsrge the iedebtednesa evidence$ by said promissory sate, and shall pay sttch sums amt elull discharge all tazn
<br />sail lists aced the saps, fees, aa,d expeeses of waking, enforcing, am! executing this tttortgsge, then thin mortgage
<br />si4tll ifiiti eaiieele'aal iarrewesedr
<br />7. Thu eovea~h lereia raataiad shall bittd and tie btmtfih sad advaatapa.hdi inure to the respsetiva stto-
<br />earwa ad assi~nad fix pvtir hereto. ~heaever aced, the siegoler attwber shat[ istelode the phtral, the plural the
<br />aifr~htr,atalHtatewatsy'aniaraht~indrdealE ge:iieta.
<br />it lYo waiver sit aey covttasat heereia w ad the obligation secure! herby shall at my time thercatter be heW
<br />M kin a waivsr a[ tie Uc~a haraof er d the ewe rt:urad hereby.
<br />y: Its aetapiia.ea wilb..at3aa 181.1 N} of the Ralr sad Ilsguiatioas of tbs Siwu atuiww Adwuistratian { 13
<br />GF.fA. lN.l (il?.,liar f~wf~wft ie ~ t.egrttetaed sad eadoeoed is aeeordanso with applicable Fttdarai law.
<br />1R A foiiieial`erao, tseiaa. ar jtstlpweat boWiag say provision or poetics e[.tbis inatrtttaeat invtlid or ua-
<br />wft~tpebis abaB art isi awy way iritpair or pneltade the astfa~eesasot of tbo reauioitrg prsNisiarw or pertiaw of
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