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<br />80-s €~ ~ ~ s "? ~
<br />`: 3: -The mortgagor covenants and agrees that if he shall-fail to pay said indebtedness or. any parrYhereof when
<br />diiG or ,half fail to perform any covenant or agreement of this•inetrument or the promissory-mete xetrnd henby, the
<br />ewtlire indebtedness hereby secured shall immadiaeely betromeduc, paya6lP, and collectible vrithofii CtStiee,.'71t the
<br />o~tion;of the mortgagee or assigns, regardless of maturity, and the mortgagee or his assigns may befb~e or akecentry
<br />sellsaid property without appraiaement (the mortgagor having waived and assigned to the mortgagiee:ali-ri7its of
<br />a~rai)etttent)
<br />1 t 1 at judicial sale pursuant to the provisions of 28 U.S.C.. 20011 a) ; or
<br />(tt) at the op'm of the mortgagct, either by auction or by soliciution of sealed bids,'for<ihe highe~e ated
<br />beat bid complying with the terms of sale and manner of payment specified in the published amtice of-oak, fiat
<br />giving four weeks' notice of the time, terms, and place of such sate, by advertisement eo.4less than once
<br />during.eaeh of said four weeks in a tsewspaper published or distributed in the county in whi6li eaid.property
<br />u aitaated, all outer trotia being hereby waived by the mortgagor (usd said mortgagee, os~ any pun as
<br />behalf of said mortgagee, map bid with the unpaid indebtedness evidenced by said note). Said sak shill fie
<br />held at or m the property zo be sold or at the Federal, rnunty, or city courthouse for the cotssity in which the
<br />property it located. The mortgagee is hereby authorized to execute for and on behalf of the atiartgagor and to
<br />deliver to the purchaser at such sale a eu6tcient conveyance of said prr.erty, which convtyaiate shall contain
<br />recitals r to the happening of the default upon which the ezeeution of the power of oak herein granted
<br />depeada; and the said mortgagor hereby conetitutea and appbinta the mortgaget or any agent or attorney of the
<br />mortgagee, the agent and attorney in fact of said mortgagor to make such recitals and [o execute said
<br />eeareyarae and hereby covenants and apnea that she zeeitals so made shall be eHeetual to bar all equity or
<br />right of redemption, homestead, dower, and all other exemptions of the mortgagor, all of which an hereby
<br />expressly waived aed conveyed to the mortgagee; or
<br />Uu) take any other appropriate action pursuant to state or Federal statute either in state or Federal
<br />cOtart or otherwise for the diapasition oC the proper•y.
<br />In the event of a axle ae hereinabore provided, the mortgagor or any person in possession under the mortgagor shall
<br />then become aed be tenanu holding over and shall forthwith deliver posarssia'a to the purchaser at such eak or be
<br />attmmarily dispaaeessed, in accordance with the proviaiona of Saw applicable to tenants holding over. 'the power
<br />artd agency hen+by granted an coupled with au intenet and an irrevocable 6y death or otherwise, and are granted
<br />a cumulative to the nmedjss;,faraaiisat~~.o( -°~a indebtedness provided by law.
<br />:._~ ~,
<br />~°. -
<br />•. The o[ as ~ eM°ia aecerdanee with the needin an hs shall be • Iced first
<br />P~ 7 A'°p P R P 6nP PP
<br />to pay the eoets and cxpeeses of said sak, the expetres ineirred by the mortgagee for the purpose of protecting or main
<br />hieing acid property, sad reasonable attorner'e' fees; secondly, to pay ttie indebtedness secured hereby; and thirdly,
<br />to pay any surplau or eteese to the pcrsoe or persons legally entitled thento.
<br />S. L the evert aaii property is geld n a jadieial foreclosure sak or panwnt to the pewee of sak hereinabore
<br />granted, and the proeeeiuare not sulEcisat to pay the total indebtedness assured by thi. inatriment a:td evidenced by
<br />said praatiasory tore, the mortgagee will be eotitkd to + deficiency jttd~,rat for tl-e amount of fist ae~eeieney toitltart
<br />~d to arprrireetawt.
<br />6. In the even! the mortgagor faits to pay any Federal, state, or lord tea assessment, income tax or other tax lien,
<br />charge, fee, or other expense charged against the property, the mortgagee is herby authorised at his option w pay
<br />the name. Any suass si paid by the morlgagac ahali be added to and become a part of the principal amount of the
<br />int:_btedeess e•videnoed by said note, subject to the same terms and conditions. If the mortgagor shall pay and
<br />discharge the indebtedness evidenced by said promiasary Holt, and shall pay such sums and shall discharge all taxes
<br />sad liens atnd the esta, fete, aid expetree of making, enforcing, aml exeeutiog this martgagq then thin mortgage
<br />siirll le easieeled and swreedeted.
<br />3. The earataeY hervAa aontaieod siafl bind asd the bruaefitr and advantages shall inun to the respective sea
<br />aaatteeltari aattiped tie pirtias berate. ~'hmsever used, she singular somber shall iaciide the pfoni, the phual the
<br />ta~alr. twl tie are d say asaier s6d1 istedaie all gendea
<br />3. INo wttitar d a*y tarenant herein or rf the obligation ascurrd hcre:Vy shall at any time thtreatter be held
<br />t. ba a waiver of tic ye>•s beraof or of the note sswred hereby.
<br />g, >(t ~ wilYasgiraw 101.1 {i) o[ the Rrle. sad Itegttlatiaaa o[ the Swell $usiesas Adraiaistratioi (13
<br />C..)f:>!. llb,lidl }. Uitis intntment is is M siaMered anti eafareed is aceardaies with applicabk federal law.
<br />l~ tl'yrriarial dwefart„ older, or jttilpwent }molding any prevision or poHioa of this inurumtnt invalid or ua-
<br />k r4+d-not ~ e.y way fwpair or pretlrade the taforcewent of the nwaitting provisiorr or portions at
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<br />aria r.., +et ir-tal ` ,. -.• . `.
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