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<br />3. The mortgagor mvenanis aad agrees thn if he sltall fail to pay said ir+debtednres or any part iheneof i~bee ~:`
<br />dear; or+hali fail to perform any covenant or agreement of this instrument n; the promi~ory Hate secured hef}bv, t3te ;`'
<br />eetfre indebudttees herebv secured shall immediately become due, p~ble, acrd-rolieeribk without notice. st: die:'
<br />option of the mortgagee or assigns, regardless of maturity, and the mortgage• or his aasiRas may Jfeforc or after entry --,
<br />se1T-acid proper!} without appraisement (the mortgagor having waivedtattd teg~rted to the mortgagee all -ig6ra of "''
<br />appnisement i : C (: . ..
<br />t! at judicial sale pursuant to the provisions of 28 L` ~.f;. 2041+a t : or
<br />(n) at the option o[ the mortgagee, tither by auction or by solicitation of sakd hida,'for the higixst and
<br />best bid eomplyiag with the terms of sale and manner of paymetst epetiE,ed id the published aoties of sale, finT
<br />giving tour weeks' notice of the time, terms, and place of such sale,.Aty_adxertisentent not less than once
<br />during each of said four weeks in a newspaper published or distributed in the county in which said property
<br />u situated, all other notice being hereby waived by the mortgagor fend acid mortgages, or any pinion ten
<br />behalf of said mortgagee, may bid with the napaid indebtedness evidenced by said note). Said sale shall be ''
<br />Geld at or oo the property to be Bold or at the Federal, county, or city couzthouee for the county in whYeh 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 each Bale a eu(ficien2 conveyance of said property, whie6 eoaveyance shall contain
<br />recital ae to the happening of the default upon which the ezecutioa of the power of sale hereto granted
<br />depetda; and the said mortgagor hereby eonetitutee and appbinta the mortgagee or any agent or attorney of the
<br />mortgagee, the ages! and attorneq in fact of said mortgagor to make each recitals aad w ezesttte said
<br />conveyance and hereby covenants and agrees that the recitals so made shall be effectual m bar all equity or
<br />right of redemption, homestead, dower, and all other exemptions of the mortgagor, all of which are hezeby
<br />ezpreasly waived and conveyed to the mortgagce; or
<br />f ut) take any other appropriate action pursuant to elate or Federal statute either in state or Federal
<br />court or otherwise for the disposition of the property.
<br />In the event of a sate as hereinabove provided, the mortgagor or any person in possession-under the mortgagor shall
<br />then become and be tenants holding over and shall forthwith deliver possession to the parch at such sale or be
<br />eummaril die oeeeeaed, in accordance with the "-'N
<br />Y P provisions of law applicable to-tenanta~holdie~d4er. The power
<br />and agency hereby granted are coupled with an interest and are irrevocable by death or otherwise, and are granted
<br />as cumulative to the remedies for collection of said indebtedness provided by taw.
<br />4 The peoeeeds of any sale of said property in accordance with the preceding pangnphs shalt be applied fleet
<br />to pay the rxaffi and expettsea of acid sale, the eapet>xs incurred by the mortgagee for the purpose of protceting or tnain•
<br />twining said property, and reasonable attorneys' fees; secondly, to pay the indebtedness secured-hereby: and thirdly.
<br />to pay any surplus or excess to the person or persarta legalJp entitled thereto.
<br />5. In the event ssid property is sold at • iudicial toreclosnr._ sale or purattant to the t.-~mer of wJg h~r~nahra
<br />granted, and the proceeds arc not sn6cient to pay the total indebtedness secured by this instrument and evidenced by
<br />acid promissory noEe, the mortgagee will be entitled to a deficiertey judgment for the amount of the deficiency eoitftwu
<br />regvd to appraisement.
<br />6. In the event the mortgagor fails to pay any Federal, elate, or local tax assessment, income tax or other tax lien,
<br />charge, fee, or other expense charged aaaina[ the property; the mnrtvavee is here.hy authorized at his option to uay
<br />the same. Any sums sin paid by she mortgagce shall be added to and become a part of the principal amount of the
<br />indeb`edtteas evidenced by said note, subject Yo the same terms and conditions. If the mortgagor shall pay and
<br />discharge the indebtedness evidenced by said promissory note, and shall pay such sums and shall discharge all to:es
<br />and liens and the coats, fees, and expenses of makipg, enforcing, and executing this mortgage, then this mortgage
<br />shall be canceled and surrendered.
<br />7. The covenants herein contained shall bind and the benefits and advantages shall inure to the respective quo-
<br />ceuon and assigns of the pectin hereto. Whenever Hoed, the singular nuttdxr shall include the pltuai, the plural the
<br />singahu, and dte use of any gender shall include all genders.
<br />8. Pfo waiver of any wvenant herein or of the obligation secured hereby shall st any lime thereafter be held
<br />to be a waiver of the toms hereof or of the note secured hereby.
<br />9. In compliance with section 101.1 (d) of the Rules and Regulations of the Stn:ll Bnsiaesa Administniion [13
<br />C.F.R 141.1 (d) ),.this inetrnmeat is to be eosutrued and en[oreed in accordance with applicable Federal law.
<br />11f. A juditial dceroe, order, or judgment holding any provision or portion of this instrument invalid or un•
<br />enfor¢eahle shall tent in any way impair or preclude the enforcement of the remaining provisions or portions of
<br />this in~rument.
<br />saw r«. vac es-rs> ... ,
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