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<br />2~Cj` ~ut~t`>7 1 eCC~~
<br />3. The mortgagor covenants and agrees that if he shall Eail to pay said indebtedness or au}' part thereof when
<br />due; or shall fail to perform any covenant or agreement of this inetruntent or rite promissory note secured hereby, the
<br />ent5re indebtedmsa hereby secured shall immediately become due, pale,`aiid~-eo}Tectibfe svithont noiiee, at the
<br />option of the mortgagee or assigns, regardless of maturity, and the mortgage@ or hie assigns may before or after entry
<br />sell said property without appraieement ithe mortgagor having weivrd and assigned to the mortgagee akl rights of
<br />appraiaement): t ~ ii= ~ ~,-F
<br />i
<br />t t I at judicial Bale pursuant to the provisions of 28 U.S.G. 2(Nfl i e 1 : ur
<br />(n) at the optioh of the mortgagee, either by auction or by solic119tiAon. o[ sealed bids, for the hfgheat aad
<br />beat bid complying with the terms of sale aad manner o[ payment specified in the published notice of sale, first
<br />giving tour weeks' notice of the time, terms, and place of such sale, M~ advertisencent not Ines than once
<br />daring each of said four weeks in a newspaper published or distributed in rho county inwhich acid property
<br />is eiiuated, al! other notice being hereby waived by the mortgagor (and said mortgagee, or any person oa
<br />behalf of eaid mortgagee, may bid with the unpaid indebtedness evidenced by eaid note). Said sale shall be
<br />held at or on the property to be sold or at the Federal, county, or city rnurthouee for the county in which the
<br />property is located. The mortgagee is hereby authorised to execute for and on behalf of the martgagar and to
<br />deliver to the purchaxr at such sale a atrffcienY conveyance of said property, which conveyance shall contain
<br />recitals as to the happening of thedefauit upon which the, execution of the power of sate herein granted
<br />depends; and the eaid mortgagor hereby conatitutea and appoints the mortgagee or aay agent or attorney of the
<br />mortgagee, the agent and attorney in fact of said mortgagor to makeeuch tecitabi,andta execute said -.
<br />conveyance and hereby covenants end agrees that the recitals eo made shall be effectual to bar all equity or
<br />right of redemption, homestead, dower, and all other exemptiorts oithe mortgagor; all ofwhich are hereby
<br />expressly waived and conveyed to the mortgagee; or
<br />(utl take any other appropriate action pursuant to state or k'ederal statute either in slate or F'edrral
<br />court or otherwise for the diepoaition of the property.
<br />In the event of a Bale u hereinbefore provided, Lhe mortgagor or any persons in possession under the mort•
<br />gager shall then become and be tenants holding over and shall forthwith deliver possession to the purchaser at
<br />such sale or be summarily dispaeseaeed, in accordance with the provisions of law applicable to tenants holding over.
<br />The power and agency hereby granted are coupled with an interest and are irrevocable by death ur othrnvise, and
<br />are granted as cttmvlative to the remedies for collection of sai,i indebtedness provided by laa~.
<br />,1. The proceeds of say sale of said property in accordance with rho preceding paragraphs short be applied first
<br />to pay the seers sad exper~aes of saidsala, the exp;.nses incurred by rite mortgagee far the purpose of protecting or main•
<br />raising eaid property, and'reaeonable aitorneye' fees; eecontlly, to pay tkte hedabtednesseecure:! here4:v: a:tsl tl:ir:lly,
<br />to pay any surpluaor excess to the prrnnn or persona iegeih• entitledl thereto.
<br />5. In the event said property is Bold at a judicial foreclosure Bale or pursuant to the power of sale hereinabove
<br />granted, and the proceeds are not sufficient to pay the total indebtedness secured by this instrument and evidenced by
<br />eaid promissory Hate, the mortgagee will be entitled to a deficiency judgment for the amount of the deficiency u:ithout
<br />regal to appraiaetnetu.
<br />6. In the event the mortgagor fails to pay arty Federal, state, or local tun assesameut, income tas ur other tai
<br />lien, charge, fee, or othee expense charged against the property the mortgagee is hereby authorized at his option to
<br />pay the same. Any stuns w paid by the mortgagee shall be added to and became a part of the principal aniouut ul'the
<br />indebtedness evidenced by eaid note, subject to the same terms and conditions. If the mortgagor shell pay and
<br />diacltarge the iitdebtednesa eridenced by said promissory note, anti shall pay such some and shall discharge all
<br />taxes and liars aad the costa, fees, and expeosea of making, enforcing, and executing thin mortgage, then this mortgage
<br />~6all ba canceled and eurrmdetbd.
<br />7. The covettanta herein contained shall bind and the henefits and udvautagee shall inure to the renpeclivc ..uc-
<br />ceaon aad assigns of the parties hereto. Whenever used, the singular namber shop include the plural, the plural the
<br />singular, and the rise of any gender shall ittclude eL gander..
<br />g. No waiver of any covenant heroin or of the obligation secure) hereby shall at an. tiiuc therr.,ft,,r I,r 1,,,1,1
<br />to be a waiver of rho terms hereof or of the note secnrcd hereby.
<br />4. A judicial decree, ordeq or judgment holding aay provision ur purtiou of this ht+uumeut ut,alid ar uucu-
<br />[orceabk shall not is aay way impair or preclude the en(orcemen[ of the remaining provisions or portions of thin
<br />inatrnmant.
<br />IrT'.- Arty trritten ttotiee Qa 6a iastmd to the martgagar pursuant to the proviaiciu al thfa instrument shall bt rd•
<br />afrasasdtori..mnsig~erat Big flad~y's, did :lest Haahwap #30. Grand .r_elsnd. ~>; fl8tT1
<br />and say written notice to be issued to thm mortgagee shall
<br />addi:~aS to t~ ~ at .,.-3Ia,4tL t`v 1~. L ::3 Cs 0[:cit ."S3r, )t t. , ~ ,SSC ..,. _ ~ ~~(~X I , ,
<br />~1q Gfpst `I gird `ot., ;_-autl Ls;land, P.{". 1,M8(',t
<br />taw F9:?+s Y.d ea-i'si
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