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<br />,`3: 'fhe mortgagor covenants and agrees that if he shall fail to pay said indebtedness or any part thezwf when
<br />thig„ or` shall fail to perform any covenant or agreement of this instrumen able,handreollect bleowithoutt once, at the
<br />eti~ :indebtedness hertby xtured shalt immediately becomt due, pay
<br />°PnOn=;of the mortgagee or assigns. regardless of maturity, and the mortgagee or his assigns may before or after entry
<br />sslj"?u~d property withoutappniaement ithe mortgagor having waived and assigned to the mortgagee a11-ai$hta_of
<br />ri~afiemEAt): ~ ~__
<br />f t i at judicial sale purovant to the provisions of 28 U.S-C. 2001(a) : or
<br />(n) u the option of the mortgagee, either by anetion or by solicitation of sealed 6ids,Yor the bi`6est and
<br />best bid canpiying with the terms of eak and manner of payment specified in the published ttotieeof oak, fiuit
<br />giving four ~.eeks' notice of the time, terms, and place of such sale, by advertisement not less thm onto
<br />daring each of said four weeks in a oewepaptr published or distributed in tht county in which said property
<br />' v situated, aU ocher mutt being hereby waived by the mortgagor (and said mortgagee, or any personm
<br />behalf o[aaid tortgagee, may bid with the unpaid indebtedner evidenced by s:id note). Said:aak shall-le
<br />held at of oa the property to be sold or at the Federal, county, or city courthouse for the county in which the
<br />property is located. The mortgagee is hereby authorized to e:ecutt for aid on behalf of the mort4ttgor end+to
<br />deliver to the purchaser at such sak a sufficient eoaveyanee of said property, which conveyance'shall conim
<br />teeiuL ss to the hsppeaiag of the default upon which the ezecution of the power of sale hetsin grassed
<br />depends: and the said mortgagor hereby constitutes and appbinte the mortgagee or any agent or attorney of the
<br />ssrtttgagte. tht agent and attorney is tact of said mortgagor to make each rceiub and to e:eeote n`ad
<br />ooaveyattee sad hereby eovearnts and agrees that the recitals so made shall be effectual to barsll egnit7br
<br />right of redemption, homestead, dower, and all other exemptions of the mongagar, all of whtch are hertby
<br />ezprcaaly waived and conveyed to the mortgagee: or
<br />1 m 1 take any other appropriate action pursuant to state or Federal statute either i~n~tate, o~Fe~~rrl
<br />court or otherwise for the disposition of the property -. _^°• °" ' ,-r.,:~.f :. -' ' ° P'
<br />In the event of a sale ae hercinabove provided, the mortgagor or any person in pnseessiap:nndtr~Tlt^trto'tgagors6all
<br />then become and be tenants holding over and shall forthwith deliver possession to the ptwchs~ee[`iRaucb.ule or be
<br />susnmarify dispossessed, in accordance with the provisions of taw applicable to tr."runts holding over- 'flee power
<br />and agency #terebv granted are coupled with an interest and are irrcvocabk by death er otherwise, and art granted
<br />o eamulativc to the remedies for coilectiou of said indebtedness provided by }aw.
<br />4 The praeeeds of aey oak of said prtperty in aceerdante with the preceding paragraphs shall be applied 5rat
<br />a par ~ tests aaed trpe~ of said salt, the a:peeaeatneurrcd by the mortgagee for the purpose of proteetittg or main
<br />taiaing said property: and reasoaabk attorneys' fees: secondly, to.pay tht iadebtedntse secured hereby: and thirdly.
<br />to pay say sttrphr: or etccess to the person w persons legally entitled thtreto.
<br />S. Ia tbs cowl raid property is Bold at a jadieial foreelowee-uk or pnnuan¢ to the power of salt hereinabove
<br />gestated. acrd tie, preeeads art not suieieet to pay rite teal indebtedtttm secnred by this iastrnmeat a~ evidee«d by
<br />said pessaiassry nett, the mortgagee will be entitkd to + deficiency jndgtaeat for the amount of the dejicieacy statAor:
<br />-afl~ to appeaisenaass.
<br />5. to the event the mortgagor fai4 to pay any Federal, state, or local ta: assessotent, income ta: or other taz lies,
<br />charge, fet, er outer a:pease chuged against tht property, the mortgagee is hereby authot;etd at his option to pay
<br />the saint. Aov sofas so prod by the mortgagee shall be added to and becomt a part of the ptvteipal amount of the
<br />indebtednew evidenced by said Wort, subject to the same terms. and conditions. if the mortgagor ahap pay attd
<br />diueltargt the iadebetdaeaa evidenced by sad pronwiwrv note, and shall pay such sums and shall discharge aft to:es
<br />asd lissr sad-tit costs, fees, sad tapensd of making, enforcing, and a:crating this mortgage, then this mortgage
<br />slull'he eaoetkd and sureeadered.
<br />?. 1'ie eevtaaaM herein oeeiained shall bind sad the beae6te and advantages chat! inure to the respective sat.
<br />eattasre astd assigns d t!x parties ie:eto. >Qhenevv used. ~ aiegnbu ntrarber shall iochrde the phrral, the Plural tit
<br />ailt4rler; sad tit ales s~f say-4saier shall iaebade alt geadtn.
<br />>k Ph vraivex of,say coveaut heron or of the obligation secured hereby shalt at say time thereafter be held
<br />b ie a giver of tie terse heruad or of the Holt aegtred hereby.
<br />!. 4tarnpHanes wide angina 141.1(d) of tie Roles sad Regulriiow of the Small Heriaasa Adawisvation [ IS
<br />f ;.F.R. tN:IIdT).1ifs isassentrawt if w br teaatrtwi cad csdorttd in aetordanee with appiitr-1r Ftdecal Lw.
<br />14. A jndieial detten. a[tfer, sx jed4eaeat heldiag any prevruen er pollwa OI this imtrumtnt inraliu r.; :ta-
<br />eatssetiahF stall war i4 tsAY way isapait er preclude the eaforcesa+eat of the remaining prmrisiosts or prrtiow et
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