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<br />- 3. The mortgagor covenants and agrees that if he shall fail to pey said indebtednea or any part thereof when
<br />due, or shall fail to perform any covenant or agreement of this instrument or the promissory note secured hereby, the
<br />satire indebtedness hereby aecnred ahaflrmmediateir become due, payabte, mwl-colleefi6le~:without notice, at ilte
<br />option of the mortgagee ar assigns. regardless of maturity, and the morigagte or his assigns may before Drafter entry
<br />x}l acid property without appraiaement !the mortgagor having waived and assigned to the mortgagee all rights ad
<br />itpprttiaement): ^; i ''? ': .. y t'*-'•e -
<br />.. is _ _ -
<br />~ a 1 at judicial sale pursuant to the provisions of 281.5.0. Z001(a) : or
<br />{II) at the option oC the mortgagee, either by auction or by eolicitatioa of sealed bids, for thebightxtaad
<br />beat bid complying with the terms of sale aad manner of paymeht specified in the published aotix of wle, first
<br />giving font weeks' notice of the time, terms, and place of snch sale, by advertiaetnent not lea[. than ontx
<br />during each of said font weeks in a newspaper published or distributed in~thc imimty in which said property
<br />is situated, all other notice being hereby waived by the mortgagor (and acid mortgagee, ar say person- m
<br />behalf of acid mortgagee, may bid with the unpaid indebtednea evidenced by said note), Said sate shall be
<br />htld at or on the property to be Bold or at the Federal, county, or city rnurthoux for the county in which the
<br />property ie located. The mortgagee is hereby authorized to execute for and on behalf of the mortgagor and to
<br />deliver to the purchaser at such Bale a eufficieat conveyance of said property, which eonveputa shall contain
<br />recitab ss to the happening of the default upon which the ezeeution of the power of sate herein granted
<br />depends; and the said mortgagor hereby constitutes and appbinta the mortgagee or any agent or attorney of the
<br />mortgagee, the agent aad attorney in Tact of said mortgagor to make aueh recitab aad W execute said
<br />conveyance aad hereby covenants and agrees that the recitals ea made shall be eHeetual to bar alt egaity or
<br />right of redemption,,homeatead. dower, sad>.atl other exemptions of the mortgagoq all of which are hereby
<br />expressly waived atl~ conveyed `td iNe+mortgagee; or
<br />¢t) take any ot7ies appro~SPi`A1E'"~rtletrpatsuant to state tar Federal statute either in state or Federal
<br />court ar otherwise for the disposition of the property. ,
<br />In the event of a sale as hereinabove provided, the mortgagor or am prrsun in pnssrasian under the mortgagor shag
<br />then become and be tettania holding-over.aatd shall forthwith +leliver possession .o the purchaser at aueh sale or be
<br />eummarik diepoesesxd, fn 6ecordatii~4wftft Barr proviaiova of low applicable to tenantn balding over. The power
<br />and agency hemby granted ar'e coupled with~tn interest and are irrevocable by death 6r otherivtsc, and are Kranted
<br />as cumulative to thE.ccmedirs for coilectioq of_said indebtedness provided by law.
<br />d. The prw.•eeda of any sslE of said property in secardanee with the preceding paragraphs shall be applied fiat
<br />to pay the c€~ta and ezpasa€a of said sale, she ezpensea incurred by t he mortgagee for the purprtae of protecting ar main-
<br />taining said property: and reasonable attorneys' fees: seemul#v, to pay the indebtedness enured her by; and thirdly.
<br />to pay any surplus or excess to the person or persona 1egaBv entitled thereto.
<br />5. la the avent said property is sold at a judicial tareclosurc sale. oe purreuent to the power of sale hereinabove
<br />granted, and tire-praeeeda are cwt suHttieat to par the Loral indebtedness secured by this inetrameat and evidenced by
<br />acid promissory Hate, the marigager will be entitled to s deficiency judfpnent for the amount of the defcicncy uirhout
<br />reed [o apprnixmenr.
<br />6. In the event the mortgagor fails to;>ay any Frdrral, state, or local tax assrasmrut, income tax or other tax lien,
<br />rhargr, fee, or outer rxprnee charged against the pruprrty, the mortgagor is Iterrbv authorised a[ bin option w pay
<br />the samE. Anr sums so paid 6y the mortgagee shall br added to and become a part of the principal amount of the
<br />indehtedtteaa evidenced by said nntr, subject to the tame trrmn and conditions. If the mortgagor shall pay and
<br />discharge the ietdebtrdnesa eyidenerJ by said pnamiasory nutq aad shut! pay such sums and shall dischurge all taxes
<br />amt liens and the costa, free, and expenses of making, enforcing, and rzecuting this tnortgage, then thin mortgage
<br />.hail Fie` canceled and surrenuered.
<br />3. The cuvtnanb herein avuttained eh.a11 bitrd and the bemfiu and advantages shall inure to the respective euo•
<br />txawa and ssaigW of the parties hereto. ~'hertce~er used, the singular number shall include rite plwrl, the plunf the
<br />siagatlar, aad the tree at.ay;ender shall include all genders
<br />v= 'Ea trainer of any easenant herein or of the obligation nceured hereby shall at any time thereafter be held
<br />to ins a waiver of the tc>tn± bettor or of the Hate smeared he:abv.
<br />9, la camplianee with sertioa ]41.1 idl of the Rules and Regulations of the Small $uninra. Admiaistntion (13
<br />C.F.R. 14L1{dl j, ehis inNtttroeat is to br cronstrucd and enforced in accordance with appficabie F'edera! law.
<br />i4. A judicial dErree, order, or judgment holding soy provision or fxartiun of this instrument invalid or un-
<br />euforceabk shall not in ans way impair or preclude the enforcement of the remaining provisions or fwrtions of
<br />this instrument.
<br />)Ya rww a/T ,a-ral
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