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<br />3. The mortgagor covenanu and agrcee that if he shall fail to pay said indebtedness or any part thueof when
<br />doe, or shall fail to perform any covenant or agreement of Chia instrument or the promissory note secured-hereby, [he
<br />ew(irc"indebtedtess hereby secured shall immediately berome due, payable, and collectible without notice, at She
<br />epfian of the mortgagee or assigns, regardless of maturity, and-the mortgagee or his assigns may before crafter entry
<br />sell said property without appraisement (the mortgagor having waived and assigned to the mortgagee all rights of
<br />appraixment):
<br />i t) at judicial malt puncuant to the provisions of 28 IJ.S.f.. 2(101 ~ a 1: or
<br />(n) at the option of the mortgagee, tither by auction or by solicitation of sealed bids; [or the hiE6a;and
<br />beat bid complying with the terms of salt and manner of payment specified in the published notice of wk, Ent
<br />giving four weeks' notice of the time, terms, and place of such sale, by advertiseatent not lest~than once
<br />during each of said (our weeks in a newspaper published or distributed in the county in which said property
<br />ia-situated, all other notice being hereby waived by the mortgagor (and said mortgagee, or any person am
<br />behalf of acid mortgagee, may bid with the unpaid iudebtedtreas evidenced by said note). Said sale shall be
<br />held u or on the property to be sold or at the Fedenl, county, or city courihonae for the county in which the
<br />property is located. The mortgagee is hereby authorised to execute for sad on behalf of the mortgagor and to
<br />deliver to the purchaser at ouch sak a sufficient conveyance of said property, which conveyance shall contain
<br />reeita4 r to the happeniag a[ the default upon which the execution of the power of sak herein granted
<br />depeada; and the acid mortgagor hereby cowtitutes and appoints the mortgagee or am agent or attorney of the
<br />mortgagee, the agent sad attorney in fact of said mortgagor to make each recitals and ro execute acid
<br />earreyance and hereby eoremnu and agrees that the recitab eo made shall be effectual to bar all equity of
<br />right of redemption, homestead, dower, and alI other exemptions of the mortgagor, aU of which are hcrcby
<br />ezpreasly waived and conveyed !o the martgsgee; or
<br />im) take any other appropriate action pursuant to state or Federal statute either' it state or Fedenl
<br />court or otherwise fer the disposition of the property.
<br />In the event o(a sale as hercinabove providrd, the mortgagor or am person in possession under tho-mortga}tor sha0
<br />then become and be tenanu holding over and shall (orihwith deliver pwseaeion to the purchaser at such sale or be
<br />aemmaeily dispossessed, in accordance with the provisions of law applicable to Mnanta holding over. The power
<br />and agency hereby granted are coupled with an interest and art irrevocable by death or otherwise, and are gnnted
<br />u eumulaiire to the remedies (or coileetion of said indebtedness provided by law.
<br />•. The paueeeda of oy sale of said property in accordance with the preceding paragnpba shall be applied fuse
<br />to pay the casts sad expaurm of seid rk, the e:pettar iaewrcd by the mortgagee for the pnrpoae of protecting or maio•
<br />¢auting said property, and reasonable attorneys' fees; secondly, to pay the indebtedness eecured hereby; and thirdly,
<br />to pay any wrplns or erect to the person or persuita legally entitled thereto.
<br />S. Ise floe scat said peeperty is sold at • jadieial foreeloaure sale or punuaat to the power o: sale hereinabore
<br />grated, and the proceeds an cwt suffieieot to pay she total indebtednear assured by Shia inatntrnent and evidenced by
<br />rid prawiaaory note, the mortgagee will be entitled to s deficiency judgment for the anoount of the dejteieney toithera
<br />resard to aPpniratatt.
<br />6, le the Brent the mortgagor [ails to pay any Federal, state, or local tax aaaesament, inrnme tax or other tar lien,
<br />charge, fee, ar outer eapenx ehsrgetl agarnst the troptriy, the mortgagee is hereby authorised at his option to pay
<br />the same. Any accent w paid by the mortgagee altall be added to and become a part of the principal amount o[ the
<br />indebtedness erideaeed by said note, subject to the same terms and rnnditions. II the mortgagor shall pay and
<br />diadtarge the indebtedness evidenced by said promissory note, and shall pay such sums and shall discharge all ta:d
<br />and }'tens-and the toots, fees, and experusw of makieq, enforcing, and executing this mortgage, then this mortgage
<br />slr,aiF be eaweeled-and wrreridered.
<br />7. The eoresaou-betels ceatained stall bind and the benefits and advantages shall inure to the respective ago-
<br />naaaea aid aaaipa of tie. partw berets. ~htaaera wed, tie singular ntr>etiber aball inelnde the plrtrrd, rtes plural the
<br />airplatq ari e),a use of awy gamer shall iuehade all genders
<br />fk Ato waiter ei any eoreaaut herein or ~ the obligation assured hereby shall at any time thereafter be held
<br />a be a waiter of the testis heroof or of the note aeeoted hereby.
<br />9, L sant/Jiartea wits saetian 101.1 {d) of else Rnka and Regulatiaar of abe Small Buaiueas Adtniniatration [13
<br />.~- t~.~i+#-1+~ ealnttitna is to 4 ca~wrtred and enforced ie aetoad.nr with applicable Federd law.
<br />~` lk` j~eid' daica+e, order, ar jrdgasent ho an recision or
<br />hfeq Y P portion of this instrument invalid or uo-
<br />snfle abaq awtt iw awy way itrpair or preeltrde tare ee(orcemertt of the rcmaieiag proviaiow ar portiowa of
<br />t`ia._ialtetrtataft.
<br />vac r.rr oar is-»t , ~. „^
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