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<br />3:= The mortgagor covrnand and agrees !fiat if he ahi~U fail to pay said indebtedness or any part thereof when
<br />dp[, or shall fail to perform any covenant or agreement of thuinattuntent or the promissory note assured hereby, the
<br />eeRiter-.indebtedness hereby secured shall immediately become due, payable, and collectible without notice, at the
<br />ejKibn of the morigaget ar assigns, rtgardleae of maturity, And the mortgagee or his assigns may before or after rntry
<br />sell raid properiy without appraisement Fthe mortgagor having waived and assigned to the mortgagee alI rights of
<br />rpraieetornt)
<br />1 t) at judicial sale pursuant to the provisions of 2R ll.S.C. 20011 a) ; or
<br />(n) at the option of the mortgagee, tither by auction or bq solicitation of sealed bida,~for the highest and
<br />.beat-hid:eaaaplyiag with theterats of ask and msmer of payment specified in the pnblWted notice of wk. &rst
<br />giving four weeks' nutlet of the time, terms, and place of such sale, by adveriistmrnt not less than once
<br />darutg•ealh of said- four weeks in a newspaper published or distributed in the county in which said property
<br />iaaitwted, all other Weise-being hereby waived by the mortgagor (sent said mortgagee, or any persaa an
<br />behalf o[ said mortgagee. tray bid with the unpaid indebtedtter evidrnoed by said note). Said race shall be
<br />held at or on the property to be Bold or at the Federal, county, or city courthouse for the rntmty in which the
<br />propertyv located. The mortgagee is hereby authorised to execute for and on behalf of the mortgagor and to
<br />deliver to the purchaser at ouch sale a sul6eirnt conveyance of said pr-,xrty, which conveyance shall contain
<br />teeitaL r to the happening of the default upon which the ezecution o[ the power of isle heron granted
<br />depends; sad the acid mortgagee hereby consti[utd and appbinta the mortgagee or any agent or attorney of tbt
<br />mortgagee, the agent and attorwy in fact of said mortgagor to make such recitals and to aaeeute said
<br />eaaxyaeee sad hereby covrnaets and agrees that the recita6 so made shall he e6eetuai to bar all equity or
<br />right of redemption, homestead, dower, and all other rzemptiona of the mortgagor. all of which are hereby
<br />expressly waived sad conveyed to the mortgagee; or
<br />(m1 take say other appropriate action pursuant to state or Federal statute either in state or Federal
<br />coact or otherariae [or the dispaaition of'the propertc'.
<br />ha the Brent o[ a Bale as hercinabove provided, the mortgagor or any person in posstesion under the mortgagor shall
<br />then become and be trnanta holding over and shall forthwith deliver pcvaeeaaion m the purchaser at such ask or be
<br />anmaearily dirposressed• is accordance with the provisions of law applicahk to tenants holding over. The power
<br />and agesiey hereby granted_ue coupled with- an interest and are irrevocable by death or otherwise, and ace granted
<br />u ensnluive to the remedies for eeikMion of said indebtedneae provided by lax.
<br />4. The pesteeda d say tale of said property in accordance with the preceding paragnpbs shall be applied 6ru
<br />to pay the casts seed eapsnss of said sale. the expense itrettrned fir the mortgagee for the purpose of protecting er main•
<br />tailing acid property, and reasonable attorneys fees; secondly, to pay tier indebtedness secured hereby; and thirdly.
<br />r+ par say surplus ar execs to the person or persons legally rntitkd thereto.
<br />S. L flee evaat acid property u sold at a judicial foreeloaurc sale or panuaat to the power of oak hereinabove
<br />grsatted, sad the pneeeda are not anirirnt to pay the total indebtedner secured by thin intruatent and evidenced by
<br />acid promiwry sots, the tnorigagee will be entitled to a deficiency judgment for the amount of the dejtcietery ttritttont
<br />regri to appnsiaewsettt.
<br />5, In flue event ilea tirortgagorlaiL to {fay any Federal, state, or local tan aaresrment, income tax or other tax lien,
<br />charge, fee, or other expetae chuged against the property, the mortgagee is hesebr authorized at his option to pay
<br />Ilse saax.. Any awn a psud by the mortgagee shall be added to and become a part of the principal amount of the
<br />~'evidenetd by said Holt, subject to the same terms and eondiliona. if the. mortgagor shall pay and
<br />diseharEe-tlwp isdebttdneas evidenced by said promissory Holt, and shall pap such sums and shall discharge all tuts
<br />and !lane"sad the costs, fees, :nd e:pemeai ~ `making, cn(oreing, and executing Chia mortgage, then thin mortgage
<br />slrN~be eareeled wd swrewdereit. <, . -,~-.- ., ,
<br />1. Tha sevawanla ~ereia coobined shall bind sad else beaefiu and advantages shall inure to the reapeetive ono-
<br />owMa+OJ aaig~a o[ tiapariiw 6eastn. ~beneau tared, flee aiagakr nawlter shall iaielnde flee plural, the plural the
<br />ait7Hrfar+adiM tw ai anT pndsa steal! iueluie all gastdorn.
<br />8. Ito wai*tr o[airy turastaut lttreia or of ibt obligation seew+td hereby shall at any time thtrtaittr 6e held
<br />N ba a waissc of the terse hereoi u of the note secured hereby.
<br />*- 4 aaetpllgacs with asdi~sn 101.1(1) o[ the Rake and Regulstieas of the SwaU Hsstines Adsioiatratioa j 1J
<br />Y;H:1~1:1#~j ); ilkii-.i~MeltasaaR is to ie oanAested ar3 tniarcced iu accordance with appiitabk Fodtma[ (aw.
<br />~ A 1J'`daeiN, seeder. or jtrdgtweat holding say provirioa or portion of this itturument inwlid or utr
<br />t>wataaaiaW rlta~ Hat is awY way iaepair or praclude the enfortxwtertt of the resaatauta provirsona or portions of
<br />this-iyuArntrent.
<br />rat t4.. +er -ea-rst - , . . ~'
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