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<br />'3. The mortgagor rnvrnants and agrces that if he shall fall to pay said indebtedner oz any part thereof wbea
<br />dESe4; rtr +hall fail to perform any covenant ar agmmrni of this irestnement +n the promissory Hots setmred hereby, the
<br />tie irerkbtedness hereby secured shall immediately become due, payable, awr! rolkctibie withfrnt notice, at the
<br />of the mortgagee or assigns, regardless of maturity, and the mortgagee or his assiyfts may before or after rntry
<br />st:aaid property without appraiaement I[he mortgagor haying waived and assigned to the mortgagce a!1 rights of
<br />" ! t i at judicial sale pursuant to the provisions of ~ li.S.C. 2001 t a) : or
<br />(u } al the option of r~ mc; tgagee, dtker by attstioa or by aoircitatioa of seated ltida, for the kigbnt attd
<br />beet bid complying with the cellos of Bale sad manner of payment specified 'en the pubtialied »oiice of sale, first
<br />giving four weeks' notice of thy, time, terms, and place of suck- sale, by•advertiseteteoi, not leas than once
<br />during each of said four weeks in a newspaper published or distributed is the cauaDy»in vleich said property
<br />= is siteuted, all other Holies being hereby waived bq the mortgagor (sad said mortgagce, ar any psrsan oe
<br />behalf of said mortgagee, may bid with the unpaid iadebtednesd evidenced br said note). Said bah shall be
<br />held st or on the property to be sold or at the Federal, county, or city- conrthoase for t}ts county in wbicb the
<br />property is located. The mortgages is hereby authorised to execute {or and on behalf of the mortgagor and to
<br />deliver fo the pvrekaser at such sale a sufficient conveyance of said property, which conveyance shall contain
<br />aedtaL as to the happening of the default upon which the ezeeutioa of the power of ask herein granted
<br />depends; and the said mortgagor hereby cronntitutes and appbiata the mortgagee or any agent or attorney of [hs
<br />mortgagee, the agent and attorney in fact of said mortgagor to make suck reeitale and to ezecute acid
<br />conveyance and hereby covrnants and agrees that the recitals so made shall be elfectnal 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 />1tn1 take say other appropriate action pursuant to state ar Federal statute either in state or Federal
<br />court pr otberwist for the disposition of the property. - r
<br />ray` ~• :}aer ice' Ito ~, #
<br />In the event of a sale as hereinabove provided, the mortgagor or any person in po ton ur"fIQFiiCjor salt
<br />then become and be tenants holding over and shall forthwith deliver poaseasion_t'IIY~~Y'~f~e„~T lee
<br />sammarily dispossessed, in accordance wish the provisions o[ law applicable !o tenants holding over. The power
<br />and agency hereby granted are coupled with an interest and are irrevocable by death orotherwiae,and are granted
<br />u cumulative to the remedies for roilection of said indebtedness provided by law.
<br />4. The prarseds of any sak of said property in aecordaetee with the preceding paragraphs shall be applied first
<br />to pap the coals and ezPenses of said sale, the ezpsnaea incarrtcl by the mortgagee for the purpose of protecting or maia-
<br />tsining said property, and reasonable aitoraeya` fees: saondly, to. psychs indebtednF~n secured hereby; and thirdly.
<br />to pay any surplus or eaceae to the person or persons legally entitled thereto,
<br />5. In the event said ¢repertp ifr said of a jvd_i3al fattxlxnre =ale nr pursuant to tl:r power of herexabare
<br />granted, and tbs pcoeeeds are sot au~cient to par the total indstucdner secured by this inatrtrntent sad eridrneed by
<br />-said promiaaotry note, the mortgages will be eatit}ed to s deficiency jtedgasent for the amount of tote deficiency taitiionr
<br />resod to apprcisensent.
<br />b. In the event the mortgagor Faits to pay any t"ederai, state, or local tax as6eaemen6 ivcome tax or oihsr isz li.w,
<br />charge, fee, or other sxpeerse tharged against the property, the mortgagee is hereby authorised at his option [o pay
<br />the same. Any sums so paid ley the mortgagx shall bs added to and become a part of the principal amount of the
<br />iadebtedteese evidenced by said note, subject to eke same terms aetd conditions. If the mortgagor shall pay and
<br />diaeieasge the indebtedtMSa evidenced by said promissory nets, sad shalt pay such soma and shall discharge all lazes
<br />and liens and the costs, fetes, aad ezpettsea of making, enforcing, and executing this mortgage, then this mortgage
<br />ahall'be canceled and floc-rendered.
<br />T, The twrmtante betels contained shall bind sad the benefits and advantages shall inure to the reepfxiive sue-
<br />ceran sad asagns of the parties bereW. Wieenever used, the singular number shall inelade the phtrat, the plarad the
<br />and the ttat of any gender dealt include ail genders.
<br />8, ?Sto waiver. of any cavenaat herein or of the obligation secured hereby shall a! any time thereafur be held
<br />ut be a w~iytr of tlce terror hereof ar of rite teole secured hereby.
<br />9 Ta samp8anee with section 101.1 i d } of the Rules sled ReguLtioos of the Small Bnainess Adtaitsiatratioa (13
<br />GF.B, litt.t(di},.this iastreeumt is to be t+osstrued and enfareed in aa»rdattce with applietrbk Fedstal law.
<br />14. A judicial dpcrce, Order, or jadgotrnt holding any provtston as pwnoa of thta inattvment Invalid or on.
<br />erd'areeable dealt not in any way impair or precletde the rafereentent of the eemaiaiteg provisions or portions of
<br />tttjs,ia~rtt~:ent.
<br />YA terns Ht fa-rai .. , .. ....
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