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<br />' d: The mortgagor covenants and agrees that if Ire shall fail to pay said indebtednetor or any part the}eo(whea=
<br />-- tjyt, ~' shall fait to perform any covenant or agreement of thin instrttment or tbe promissory note secured hereby, the.'
<br />eal~x: indebtedtaem hereby secured Phall immediately become due, payable, and rollcctibte without notice, at tlte~
<br />man of the mortgagee or assigns, regardless of maturity, and the mortgagee or his assigns may befaro or attar entry
<br />eet# scud- property without-appraieement (the mortgagor having waived and assigned to the mortgagee aff.righb-of~
<br />s~traiaement)
<br />~. - It) at judicial sale pursuant to the provisionso(28U.S.C.20l11!a);or -
<br />(rt) at the option of the mortgagee, citber by auction or by solicitation of aeakd bide,'Eor the highest and
<br />bean-bid ammptying with the terms of sale and manner of payment specified in the published notice ot~ate, brat
<br />giving four weeks' notice of the time, terms, and place of such sale, by advertisement not less 4fian once
<br />' during each of said four weeks in a newnpapet publiaheal or distributed in the county in which said:.prnperty
<br />is situated, ail other notice bring hereby waived by the mortgagor (and said mortgagee, or any petmn oa
<br />ltehalf of said mortgagee, tray bid with the tmpaid indebtedtuew evidenced by said note). Said sak shaft be
<br />held at or on the property to be sold or at the'Federal, county, or city trourthouse for the rnunty in which the
<br />property is located. The mortgagee ie hereby aythorized to ezeeute for and on behalf of the mortgagor and to
<br />deliver to she purchaser at avefi sale a sufficient conveyance of said property, which conveyance shall contain
<br />recitals ea to the happening of the default upon which the execution of the power of sale heroin granted
<br />depends: and the said mortgagor hereby constitutes end appbinis the mortgagee or any agent or attorney of the
<br />mortgagee, the agent and attorney in fact of said mortgagor to make such recitals and to execute wid
<br />conveyance and hereby cavenanta and agrees [hat the recitalssa made shall be e6eetval to bar alt equity or
<br />right of redemption, homestead, dower, and atl other exemptions of the mortgagor, all at which axe hereby
<br />expressly waived and conveyed to the mortgagee; or
<br />(ttt) take any other appropriate action pursuant to agate or Federal statute either in state or Federal
<br />court or otherwise for the disposition of the property.
<br />In the event of a sak as hereinabove provided, the mortgagor or any person in po~easion under the mortgagor shall
<br />then beeomr-atrd`be-tenants-holding over end shall forthwith deliver poaaeasion to the purchaser at ouch sale or be
<br />summarily dispaiesesaed,~ in accordance with the provisions of law applicable to tenants holding over. The power
<br />and agency hereby granted are coupled with an interest and are irrevocable by death or otherwise, and are granted
<br />as eurnulative to the remedies ~Cor eoileclion of said indebtedness provided by law,
<br />~i. The-proceeds of any sale of said propcrtv in aceordancr with the preceding parsgraphe slnsfl be applied first
<br />to pry the rash and expenan of said oak. the ezpeaasee incurred by the mortgagee fr„r the purpose of protesting or malt,
<br />raining said property. and reasonable attarnera' fees; aecmadly, to pay the indebtedness secured hereby; and thirdly.
<br />to pay any surplus or ezceas to the-person or persons legally entitled thereto.
<br />5. In the evert sad property is sold at ^ judicial iaireclosure sak os- ptrnuant-ta-the .power of sale hereinabove
<br />granted, sad the proceeds are not au~cient to pay the rata] indebtednew secure d by this inatrnnuat and evidenced by
<br />acid promitrory note, the mortgagee wig! be entitled to s deficiency judgment for the amount of the deficiency mithoeat
<br />resarrf to appniaemerar.
<br />(+, In the event the mortgagor tails to pay auy Federal, state, or Iceal tax assessment, income tar or other tar lien,
<br />,barge, fee, or other expense charged against the prolrerty, the mortgagee is hereby authoriaeJ at his option to pay
<br />the same. Any sums eo paid by the mortgagee shall be added to and become a part of the principal amount of the
<br />indebtedness evidenced by said note, subject to the same terms and conalitioiro. If the mortgagor shall pay and
<br />diucharge the indebtedness evidenced by said promissory note, and shall pay such sums and shall discharge all taxes
<br />and liens and the costs, fees, and ezpenaes, of making, enforcing, and executing this mortgage, then this mortgage
<br />siatt be canceler3 and surrendered.
<br />7, The covenants herein contained shalt bind and the bens&ts and advanuttea shall inure b the a-espaxtive suc•
<br />eessara and aauigna of the partisan berets R'hattever used, the ainguter number shag) include the ptaral, the plural the
<br />aitsea4r, and tlta use ~ any gender shall include aU genders
<br />$. ILto waiter of nay cavonant ltereiti or of the obligation secured hereby sha31 at any bane thereafter be held
<br />to Ise a waiver of rho terms hereof or of ells note assured hereby.
<br />9, la eomplianrt with aettioa 101.1 {d) of the Ru1n and Regaalatietta of the Small Bataiausa Administration (13
<br />C.F.R. 161,1tdSl,. thin iaNrutaept is to be ewnstrued sad enforced itt accordanex with applicable Federal law,
<br />tR- A judicial detcaee, order, or judfrnent holding any provisimt or portion o[ this inrtrnment invalid or un•
<br />aefoReenble altall rent in any way impair or preclude the enforaxraacnt of the remaining provisions or portions of
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