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<br />3. The mortgagor covenants and agrees that if he shall fail to pay said-indLbie'dneee or' env parE thereof when
<br />due, or shall fait to perform any covenant or agreement of this-instrument or~ie promissory note secured hereby, the
<br />ettaire indebtedness hereby secured shall immediately become due, payg~fe,iartd%iwilectible siithost notice, at the
<br />option of the mortgagee or assigns, regazdless of maturity, and-the mortgagee{or hisa~igcie may befgre or after entry
<br />sell said property without appraisement 1 the mortgagor having waived~Atd agai nod to the mortgagee all rights u(
<br />appraieement} ; L .t ~ tj ; ~ ~ nt; r
<br />t t) at judicial agile pursuant to the proviaione of 2g U.S.C. 20(JI t a) ; ur
<br />(ti) at the option of the mortgagee, either by auction of by solicitation.pf sealed liidav for the highest and
<br />best bid complying with the terms of sale and manner o[ payment specified in the published notice of sale, Star
<br />giving four weeks' notice of the time, terms, and place o[ such sale, by advertisement not lean than once
<br />during each of said four weeks in a newspaper published or distributed is the county in which said property
<br />is situated, all other notice being hereby waived by the mortgagor (sad said mortgagee, or any person on
<br />behalf of said mortgagee, may bid with the unpaid indebtedness evidenced by said note). Said sale shall be
<br />held at or on the property to be sold or at the Federal, county, or city courthouse {or the county in which the
<br />property ie located. The mortgagee is hereby authorized to execute for and on behalf of the mortgagor sad to
<br />deliver to the purchaser at such sale a sufficient conveyance of said property, which conveyance shall contain
<br />recitals as to the happening of the default upon which the execution of the power of sale herein granted
<br />depends: and the said mortgagor hereby constitutes and appoints the mortgagee or say agent or attorney of the
<br />mortgagee, the agent and attorney in Fact of said mortgagor to make aacli', reoitals ',and'. to execute acid
<br />conveyance and hereby covenants and agrees that the recitals ao made ehalI be effectual to bar all equity or
<br />ei¢ht of redemption, homestead, dower, and all other exemptions-of Che mortgagoq ail.nf which arr. hereh}'
<br />expresslywaived and conveyed to the mortgagee:or
<br />Un6 take say other appropriate action pursuant to state or N"ederal statute either in state ur k'ederal
<br />snort or otherwise for Lhe disposition of the property.
<br />In the event of a sale as hezeinbefore provided, the mortgagor or any persons in poseeeeioa under the mort-
<br />gagor shall then become and be tenants holding over and shall forthwith deliver possession to the purchaser at
<br />such Bale or be summarily disposaeaeed, in accordance with the provisions of !aw applicable m tenant.+ holding over.
<br />The power and agency hereby granted are rnupled with an interest and are tree+ucaLle by death or other.visr. and
<br />err granted as cumulative to the remedies for collection of said indebtedness provided I,+ law.
<br />4. The proceeds of any agile of said propert}' in accordance with the precedina para:irapha shall be applied first
<br />in pay the costa sad expenses of said ache, ths'expensas incurred by the enortgage+e for the Harpoas of protecting ormain-
<br />taiudt;g said property, =ad reasonab:e attoriteva' fees:. scrnrtlly, to pay flee tree&-6tr:lness serurerl hereby; and thin+di..
<br />to pay any snrplua or excess to the person or persons legally entitled t-tareta,
<br />S. In We event said property is sold at a judicial foreclueure sale or pursuant to the power of sale hereinebove
<br />granted, and the proceeds are not sul6cient to pay the total indebtedness secured by this inetntment and evidenced by
<br />said promisrory note, the mortgagee will be entitled to a deficiency judgment for the amount of the deficiency without
<br />vBsard to appraisemeat.
<br />6. In the event the mortgagor fails to pay any E'ederal, state, ur local tax assessment. inemue tux ur uthrr ts~
<br />lieu, charge, fee, or other expense charged against the property the mortgagor. is herebf authorized at his option to
<br />pay the same. Any sums so paid by dte mortgagee shall be added to and become a part of the principal amoum of the
<br />indebtedness evidenced by said note, subject to the same terms and conditions. If the mortgagor shall pay and
<br />discharge the indebtedtser evidenoed by said promissory note, and shall pay such sums and shell discharge a1I
<br />texas and liens and the swats, fop, sad expeasee of making, ,mforeing, and executing this mortgage, then this mortgage
<br />shall be eattceled and etttrmdared.
<br />7. Tba covenant herein contained shall bind and the benefits uud advantages shall inure to the rrspw•ti+r •uc-
<br />etusoca and asigns of gibe parties berets. Whenever need, the singular number shill include the plural, the plural the
<br />aittgalar, sad the use of any gender shall iaclnde alt genders.
<br />&. Na wairuy' of any covertant herein ar u[ the obdigatiop secured hereby shall at and tiu,c thrrrsit+-r Iw hell
<br />to by a waiver ~ the terms hereof or of the note assured hereby.
<br />4. A judicial deerea, order, ar judgment holding any proaiaiott ur purtiou uE this ixiatrumeutt iu+alid ur ruta•u-
<br />forceable shalt net is any way impair or preclude the enforcement of the remaining provisions ur portions of t)os
<br />iastrttment.
<br />I0. ray writgms seRioe to be isstaed to ties taorigagur pursuant to the ptrovieicns eE Shia ituurumeat shell be ad-
<br />drsstPad~iA-rrtaetgayterte4 3~t?7" S#; 13ivf 4itxi, Grand ICI an3, N£ BE3t3-?I (t`xavid L. anzI %tir~uy
<br />i.vr n~=r.:} and soy wnuea notaee to be issued to the mortxasae shall
<br />1fe iQaTtie6 to t~ ~ at ~-_t`a iR: r:: Ids '-datit;t,oi sS;~Y `F'x~t` .... . ~JY- .... ,
<br />i.:~ i~~: .a: i`'a.5_T"s ~:" r a. ~a ~5ta '
<br />Opt vwM 3Fa 'I-"a,
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