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<br />3~ The mortgagor cavmartta and agrees that if he shall fait to pay acid indebEeeSne~ or aaq Bart thereof whets
<br />die: or shelf fail is perform say covenant ar agreement of this iastrvmeni ar the promissory sore secured hereby, t)te
<br />eeslfre' indebtednms hereby secured shall immediately beratric due, payable. and tolleetibk without ~tiee, et the
<br />oFtiort of the mortgagee or assigns, regardkaa of maturity, and t)te 3nari~agee ar hie assigns tr+py before or after entry
<br />asl# seed property without appraiaemeat fthe mortgagor having waived and assigned 9ss the mortgegea:ll'righta>itf
<br />a}spraiaemeat) : ,c a ~;i
<br />i }`
<br />- - {ti at judicial sale pursuant to the proviaionsof$gU.S.G2001(a); or - ~"~
<br />(tt? a4 the aptian of the mortgagee, either by au~ion or by solicitation of sealed $ids,~for thchigheat alas
<br />;bast bid complying with the terms of sale and meaner of payment s~t°ified in the_pdhlished ttotias~t sak; $¢t
<br />giving four weeks notice of the time, terms, sad place of sadt sale:; bq adverticemem not leas than once
<br />'+ during each of said four weeks in a newspaper published or dittibn_ted is the:ctsunty in which said property
<br />is aituaied, all oihee notitx being hereby waived by the mortgagor (and said mortgagee, or aa! parson m
<br />behalf of said mortgagee, may laid with the unpaid ittdebtedneea evidenced by said Hate). aid sale shall be
<br />held at or oa the property to be sold or ai eht Federal, county, or city conrthonse for the county in which the
<br />proptsrtg is located. The mortgagx is hereby authorised to ezecette for and oa behalf of the mortgagor and to
<br />deliver to the pnrchaaer at such ask a auf6cient conveyance of said property, which eonveyazue shall twaEaia
<br />recitals a to tl>s 6appeaing of the default upon which the a:ecutioa of the powee of Bale herein granted
<br />dapdtde; end the ~aidinortgagor hereby eonstitntea and appoints the mortgagee or any agent or attorney of the
<br />mnrtgageG the agent and attorneq in fact of said mortgagor to make such recitals and to e:ecnte said
<br />tm~nveyance and hereby covenants and agrees that the recitals so made shalt be efieetual to bar ail etprity or
<br />right of redemption, hameetead, dower, and all other exemptiiina of the mortgagoq all of which arc hereby
<br />expressly waived and conveyed to the mortgagce; or
<br />(ttt) take any other appropriate action puranant to state or Federal aiatute either in state or Federal
<br />roast or.othenvise for Efie disposition. of the property.
<br />In the event oC a sale as hereinabave provided, the mortgagor or any person in possession under the mortgagor shall
<br />then became and be {ena~ots holding over and shall forthwith deliver possession to the purchaser at such Bale or be
<br />summarily dispoaaessed, in aemrdame with the pmvisiorro of law.applicabte to tenants. holding over. The power
<br />and agency hereby, granted are coupled with an interest and are irrevocable by death or otherwise, and are granted
<br />as emm~lative to the remedies for caileriion d said indebtedness provided by law.
<br />4. T)te proceeds of any oak of said property in accordance with the preceding paragraphs shall be applied first
<br />to pay the costa and expaaaex of said oak, the ezperuea incurred bq the mortgagee for the purpose of pratectiager main
<br />raining said property. and reasonable attorncyi fees; secondly. to pav the indebtedness secured herebv; and thirdly,
<br />tc ;.ay aar strrpl_=_ or exc~ to :s:e perm or persons I?ga~y etttitievt thereto,
<br />In tbs -_w„ eau -rope ty " sold a. a j.•-~akial fot~H~°rz aa.a or a=iresant to ih¢ .-o :ter of oak :t~r4itr~bov~
<br />zranted, and the praceeda are net sttf6eirnt to pay the total utdehtedneas aetured by this inetrumenL and evideaeed bq
<br />said promiswry note, the rreortgagee will be entitled to a de&eiency judgment for the amount of the dejcieaey tuitltont
<br />reQ, and to sppraiseoreat.
<br />5. [n the evetti the mortgagor fails to pay any Federal, state, or local tax assessment, income tax or other tax lien,
<br />charge, fee, ar other expense charged against the property, the mortgagee is hereby authorised at his option to pay
<br />the same. Asy stems so paid by the mortgagce shat) 6e added to and become a part of the principal amount of the
<br />iadebtedrrrss evidenced. by said note, snbject to the same terms and conditions. if the mortgagor shat) pay and
<br />discharge the indebtedness evidenced by said pramissary note, and shah pay such aunts and shall discharge all taxes
<br />~ litaaa sad the cows. fees, sad exoensce of makiagT enfareiag, and executing tltia mortgage, then Chia rsort~a~
<br />shall be eaiteelad and earrenderetl.
<br />7. The eovensnN herein crmtainaxl shall hard sad the beaeftis and ad-+antagea altail inure to tht respective rtic~
<br />ussrrra and assigar of the p:rtin hercut. Rrheaever used, the singular numiser shall include the plural, the pfteral the
<br />~~ atsd the nee of err grader shall itaclude all genders.
<br />?~ waives sf env eavonant herein or of the obligation secured herdty shall at any time thereafter he held
<br />is Dm a waiver of the terms hereof or of the note socured here~r.
<br />9. Ia asraapiiatttu with seateon -01.2 dd l of the Ruks sad Regulatiota of the Small $uaiaeaa Admiaistntion [ l3
<br />~,FIf: ~OLItd! f, tfib ' k to be ctta~rued and eafttrced tut aceardanos with appleabk Federd law.
<br />tti> A-j~stfctal.dorros, order, of juent-haidirig sax pravisian ar portion at this inetrumen! invalid ar uo-
<br />etafa~rrsable alts)) attt its auq way impair or preclude the enfarceatxni of the remaining provisiorra ar portiena of
<br />this ittstrtt,
<br />vaa.r.~..~fira-rat ~ ~ -~---
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