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<br />g~-.~ ~ C~ 51.31
<br />'3. -The-mortgagor covenauta and agrees LLtaE if he shall fail to pay said indebtedness or any hart thereof when
<br />dYe ovahall fail to perform any emenant or agreemeat of thin instrument or the promissory note secured herebv, the
<br />entTiee indebtedness hereby secured shall immediately become-due, payable, and collectible withont notice, at the
<br />optXOS:of the mortgage or aesign& regardless of maturity, and the mortgagee or his assigns may before or after cuts
<br />aeil.eatd property withont-appraisement Ithe mortgagor having waived and assigned to the mortgagee a!i rights of
<br />apprri~etneritl
<br />i t) at judicial sale pursuant to the provisions of 2g U.S.(:. 2(101 i a ~ : or
<br />(tr) at the option of the mortgagee, either by auction or by wlicitadon of sealed bide, for the highest and
<br />-beat bid complying with she terms of sale and manner of papmeat specified in the published notice of eatq Ent
<br />giving four woks' notice of the time, terms, end place of such sale, by advertisement not less Bran once
<br />daring each of said four weeks in a newspaper published or distributed in the county in which acid property
<br />is situated, all other notice being hereby waived by the mortgagor (and said mortgagee, or any pesos oa
<br />behalf of said mortgagee, may bid with the unpaid indebtedness evidenced by said note). Said Bale eh:11 be
<br />held at or on the property to be wld or at the Federal, county, or city counhoune for the county in which the
<br />property is located. The mortgagee is hcnby authorised to execute for a: 3 oa behalf of the mortgagor and to
<br />dtsliver to the purchaser at such sale a auB~eient conveyance of said property, which conveyance shall conuia
<br />eeeitaL u t. the happening of the default upon which the ezuntion of the power of uk herein granted
<br />depsada; atsd the Bald mortgagor hcnby conNitatee and appoints the mortgagee or any agent or attorney of the
<br />mortfag~.-the agent and attorney io fact of acid mortgagor to make such recitals and to execute said
<br />oonveyitnee`and hereby covetanta and agrees that the recitals w made shall ht effectual to bar all equity or
<br />right oC'rdnsptim,.besrmatead, doweq and all other exemptions of the mortgagor, all of which are bemhy
<br />exprdsly wsired and conveved to the mortgagee: or
<br />(Utl take soy other appropriate action pursuant to state or Federal statute richer in state or Federal
<br />court or.at6t.nriae fu the daposition of the property.
<br />In the event of a sale n httteinbeforc provided, the mortgagor or any persons in pttaseesion under the mort-
<br />gsgor shall then become sad be tenants holding over and shall forthwith deliver possession to the purchaser at
<br />such sale or be summarily disposaesaed, in accordance with the provisions of law applicable to tenants holding over.
<br />The power and agency hereby granted are coupled with an interest and are irrevocable by death nr nth,^rwise, and
<br />are granted u cumulative to the remedies for callution of sat,{ indebtcdnrse provided be law.
<br />4. The proceeds o[ any sale of said propertc is accordance with the preceding paragnphe shsll be applied fist
<br />to pay the costa sad expgrca of acid sale,. the a:pecan incutced by the mot~gagu for the pttrpost of protuting or main-
<br />ttiniscg anidps±opterty, std reasensbk attaraeia' fed: seeoadly, to pay the indrbtedttess secured hereby: and thirdly,
<br />to pay say sttrplw ar etraess to flee person or persota legal Iy entitled thereto.
<br />S. >a the event said property is sold at a judicial forerloaun sale ar pttrsuaoi to the power o[ sale hcreinabove
<br />granted. std the prsstczda an not auieieat to pay she total indebtedness secured by this icuarnment and evidenced by
<br />said prarsiraery ante, the ttnortgagee will be entitled to a deficiency judgment for the amount of the deficiency w+ekout
<br />rsgpei ta, ytteiaeesea¢.
<br />b. Ln the eretl the oortgagor fails to pay say Federal, state, ut local tan assessmevt, inconte tax or utlter tai
<br />Lies, charge, few or other expetae ehuged agai>tat the property the mortgagee is hereby authorised at his option to
<br />pay the saws. Aty sofas so paid by the asortgagu shall be added to and become a part of the principal amount of the
<br />itsieibdees evidenced Icy acid note,. subject to the same terms sad conditions. Lf the mortgagor shall pay sad
<br />diKiarypr sic iadsbtedaeao evidenced bg said peowiasorg note., and shall pap such sums and ahatl dischuge all
<br />tsts`tntd lie~tt std tie ettita, foal, std esltenaw of taakitg, eatforeiag, aml executing shis mortgage, then this mortgage
<br />.ice b saarslsi std saraardarad.
<br />T: `TAM ewakaW Liaeev ewttitnsd sitsll bead aed the i,euefits sad advattugr:s shall inure io the r,~wprctivr. tttc-
<br />sseaasa sad aaripa st[ cite paAiaa heroes, ~'ieeever used, the singular number shall inclutk the plural,-the plural the
<br />sitrpaLar, ~ the ttaa stf say pander shall iadtie atf i~n•
<br />is lw +rairer ad say oovestatt iereia or of tie oilyatwu ra:urrd hereby shall st any time thereafter, be held
<br />to he a traiver d tie tenor hereof sK of tie note scented hereby.
<br />9 A jai4yal lerr~ ordat, ar jadgaeat Ltoldiaj any praviaiou or portico of Chic iuruutttrttt invrlid or uuwr
<br />fM~aaCtia:tiialL taste it ttwy way ~pa-r or preclude tie enforcement of the remaining pwvisiona or portions of this
<br />ittlil't~4
<br />N, Aai~ xadMw,tMioe frE 6r iiwwdM. lVa sottgaaar purauaae to tha proviaicw of ttda utaruataat shop bs ad.
<br />deitrai~tll~ta~r~ l-OPfice llcpt 92?, £~ca¢td Ztal.attdr LE. 6$801
<br />sad any written notice to be issued to the mortgage shall
<br />l» atr~t>.aasd to ~ , at 304 West 7ttird 3tzreet, P O f3cax 1688, Grand Is]atxl, tom. 68801
<br />Sa•A fAFY ua {a-1 t5
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