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<br />3. The mortgagor eovenanU and agrees that if he shall fail to pay said- indebtedness or any part thereof when
<br />due, or shall fail to peztarm any covenant or agreement of this insirument.orrhe-promissory note assured hereby, the
<br />entire indebtedness hereby secured shall immediately become thee, payafi`le. and collectible without notice, at the
<br />ttption of the mortgagee or assigns, regardless of maturity, and the mortgagee or his aeait[tte-may before ar after entry
<br />sell said propert}' without appraiaement (the mortgagor havin~iarsived sad assigned io the mortgagee al! rights of
<br />appraiiaementl: -L ii ,- ,- , M r-_
<br />U) at judicial sale pursuant to the provisions of 28 U.S.G. 2001 f a) : or
<br />(n) at the option of the mortgagee, either by auction or by wiicitation of oeakd bida,~tor the highest and
<br />beet bid complying with the terms of ask and manner of payment aperafied is the published notice of ask, fiat
<br />giving four weeks' notice of the time, terms, and place oC sash eale,,by advertisement net lees than once
<br />during each of said four weeks in a newspaper published or diettibuted iii tke county in wfiieh said property
<br />u situated, all other notice being hereby waived by the mortgagor (and said mortgagee, or say person on
<br />` behalf of said mortgagee, may bid with the unpaid indebtedness evidenced by said note). Said Bale shall be
<br />held at or on 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 execute for and on behalf of the mortgagor and to
<br />deliver to the purchaser at such Bale a sufficient conveyance of said property, which conveyance shall eontaio
<br />rtxitala as to the happening of the default upon which the ezeeution of the power of sale herein granted
<br />depends; and the said mortgagor hereby conatitutea and appbinta the mortgagee ar say agent or attorney of the
<br />mortgagee, the agent and attorney in face of said mortgagor to make each recitals and to thceeute acid
<br />conveyance and hereby covenants and agrees that the recitals so made shalt be eHecmat to bar all equity or
<br />right of redemption, homestead, dower, and all other exemptions of the mortgagor; all of which are-hereby
<br />expressly waived and conveyed to the mortgagee; or
<br />(ut) take say ocher appropriate action pursuant to state or Federal ~datute either in state or Federal
<br />court or otherwise for the disposition of the property. ~ -~
<br />[n the event of a Bale as hereinabove provided, the mortgagor or any person in possession under fhe mortgagor shall
<br />then becom tj/1rYa~ta11[tjp~otlOeand shall forthwith deliver possession to the purchaser at such sale or be
<br />summarily die eaed,Nt!'r>~Ot23AffEe with the provisions of law-applicable to tenants holding over. The power
<br />nod agency her y~!!lft~lreg@llt~f~pf°13ith an imereat and are irrevocable by death or otherwise, and are granted
<br />as cumulative to the remedies for coiiertion of said indebtedness provided by law.
<br />4. The psoe~ds of-arty ask of said°praperty in accordance with the prtrxding paragraphs ehaiP 6e applied lint
<br />to pay thrtxtsta and. expemea of said oak, the expenses incamd by the mortgagee for the parpttse o(protecting or main•
<br />raining said property, and reasonable attorneys' fees; secondly: to pay the indebtedness secured-hereh_y; and thirdly_ ,
<br />W pay any aurplw or excess to the person or persons legally entitled, thereto.
<br />S. is the event said` property is sold at a judicial foreclosure salt or pursuant to the power of Bale hereinabove
<br />granted, and the proceeds are net autfecient to pay the total indebtedness secured by this instrument and evidenced by
<br />said promissory Dolt, the mortgagee will 6e entitled to a deficiency judgment for she amount o[ the deficiency widout
<br />regard to appraisement.
<br />6. In the event the mortgagor tails to pay soy Federal, state, or local tax aaeesament, income tax or other tax lien,
<br />charge, fee, or other expense charged against the property, thr, mortgagee is hereby authorized at his option w pay
<br />the same. Any soma so paid by the mortgagee shall be added to and become a part of the principal amount of the
<br />indebtttdnesa evidenced by said note, subject [o the same terms and conditions, It the mortgagor shall pay and
<br />discharge, the indebtedness evidenced by said promissory note, and shall pay such sums and shall discharge all taxes
<br />seed liens and the costa, tees, and expenses of making, enforcing, and executing this mortgage, then this mortgage
<br />shall be canceled and surrendered.
<br />~. The covenants herein contained shall bind sad the benefits and advantages.ahalJ inun to the reapectire auc-
<br />txyon and assigns of ilia patsies hento. Whenever used, the singular ntunber shall include the plural, the plum the
<br />eittattlar, sad the use of any gender ahalf iaelude all genders.
<br />8 Pto.wairer of any coreaant herein or of the obligation secured hereby ehail at any time thereafter let held
<br />to be a waiver of the terms hereof or of the note secured hereby.
<br />9. In compliance with atxtion 101.1 (d) of the Rules and Regulations of the Small Bwinees Administration [ 13
<br />G.F.R. 1fl1.1(d) j, thin instrument is to be oonatrued and enforced in accordance with applicable Fedora! law,
<br />10: A judicial decree, order, or judgment holding any provision or portion of this instrument invalid or un-
<br />enftortxabk shall not in any way impair or preclude the enforcemem of the remaining provisions or portions of
<br />this imirument.
<br />v... wit ta-tat
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