|
`(.
<br />3. 'f'ine marigsgor rnvenanta and agrees that if he shalt fat) to pay said indebledneaE or any part thereof when
<br />due, or sftall Egli to parfarm any covenant or agrrrrtsent of tlxis instrtrmrnt or the promi~orv note eerured hereby, Ehe
<br />CirEtts indrbtrdneter hrrrby aeeurrd ahal3 imntediatrly beeattte due, payable, and coilectiblc without natiee, at the
<br />option of the mertFagrr ar aaaigne, rrgardtess ~ matvriiv, and the mortgagee ar his aaaigra maybe;are ar after entry
<br />sad! said property without appraintmrnt itbr mortgagor having waived and asaigrred to the mortgagce all rights of
<br />~praiaerrtaat 1
<br />t t i at judicial sak pursuant to the praviaiona of ?8 L'..F.. 2tNJi f a) : ur
<br />t it3 at tfte aptiaQ of the mortgagee, either by attetiozt or by satieibtioa of seated bldg, for the highest and
<br />hest dad e~tpfying with the terms o! Eck znd manner of payment specified in the publicised ttatice of aak, firm
<br />giving four weeks' notice of ehe tune. termE, and place of such gale, by advrrtiaement not 1e~as Lhan ona
<br />during earh of raid four weeks in a newspaper published or diatributedsn the. cauney in which said property
<br />k eitaated, all other ttotiee being hereby wa"seed by the mortgagor ~:ltd acid mortgagee. or any petawz oa
<br />Leatalf d said mortgagee, may bid with the unpaid iadebtcdttesa evidenced by acid Hotel. Said ask shall be
<br />htld at or oo the prapert}' to be gold oz at the Federal, county, or city eonrthowe far the rnun» is whirh the
<br />Property is iceated. The mortgagee is hereby aueho rised to ezerutr for and on behalf of the mortgagor and to
<br />de$ver to tdte pttteltasirr at such aak a auf6eient canxeyaucr of acid property, Which rauvevanee shall cantata
<br />retRStala as to the happening of the default upon which the ezreurion of the poorer of aak iserein granted
<br />depsvtda; attd the said mortgagor hcrebr conetitutea and appbiata the mortgagee or gay a;ent ar attozner of the
<br />ss~-rSgsr~ tS>z ag~rrt and attarnex is fart of acid nrortgagur bo r®aks xucls nneiule and m execute acid
<br />esotcvayanae gad hereby rwvenants attd agrees that the mitab ao rnade ~sball be r$txtual to bar aiI equity or
<br />right af, redespptian, hamrstead, dower, and ail other rzem,ptiana of ttae marega{tor. a61 art which are hereby
<br />ea~treaaly waived and txrnveyed to the mortgagee: oe
<br />irttl tape any otfarr appzapriate action pursuant io sUtir, err Federal statntr either in state or Federal
<br />court car Wberwiae for the diapoaitiort of the praprrty.
<br />fn the event of a sale as hereinabove provided, the mortgagor ru arse µrrnotr in posararion tinder the rnartgagor shall
<br />tilers became and be tmanis holding aver gad shall forthwith deliver poasremian to the purchaser at such aak or be
<br />summarily dispasseaaed, in sceordancr with the provisions of law applicable to tenants yrolding over. "1'he grower
<br />and agency hereby grouted are coupkd with an tntereat and are irrrvacable by death w ntltcrwt-~, and are granted
<br />as ctsmulativr to the rerrxdies for calkctioa of said indrbtedneas provided Irv law.
<br />4. The pmeeeds of any sak of eaid propeeYV inaceaedaoce with rite preceding paragrsphe shall he app{ird ft»t
<br />to ~ ~''~ .+~' ~p~ca of Eaid aak, cite rxp irtcurred by xbe mortgagee for the purpwsr of protecting or main-
<br />tsiuiug =a.id pras.rty, ar.d era-~~ attart~ ; s` f~_ -c~~u€•-div. to µay else iF:deb:emesa neiured lacrebv: gad fnirr3l v.
<br />to pay any s+nrplsts ar e~xtxm to the peraorr or prrxana legally entitled thereto.
<br />{, t~ ~~--'~~~? F~ ~T, ~~ 3E ~...° ai a j'wwiad ff+r'ci~aCLLrC 6E}B Far pnr3414R1 to Etff pnYSr at tt L~~~
<br />.art e.°°.m:~L"YE
<br />grained, amf tits pzomeds are trot znf&imt to n:v tt•c ±geal :xaa}~~ar,~..- ~r.n~l 1 r ''-aasr,e•+-rr<@rgi ona r.,
<br />selxf pronta5aary sate. for tmrtgagor wilt lee rotitltd to s detieiencr irad~trar fsr for sr:t~ax of th=- ~_ ~_~i~~- ~-ash
<br />r+e~rt to -
<br />t5, In the cvcste the mortgagor faits to pea ona 3~'rderal, state, ur local eat assesemcn4 rncamc tax or other tax lire,
<br />charge, Err, or atit+rr rxperue charged against ehe µraperty, the nmr4gagee es 6ercbS aa[horiXed at iris option is pay
<br />rite sarge_ Auy atsma su paid by tine mart}ga;}gec sltail be added to and become a part of the frrincipal amount of the
<br />indebftslttrsa evidenced ley said Hate, snhjrrt to the same terms and nmditiorra, 1f she rnsrtgagar 4ha°j pas and
<br />discharge the indrbte incaa rvid<trrec by raid µromiaaury Hair, an+i =hall µay anci. Hums gad Rha1i cfisc}rarge a1i taxes
<br />earl liens atw3 rite lYSEta, Iers, ated ezpeWSts of ;Waking, enforcing, amt +~xecuting thi>< xnurtgage, ehan this mortgage
<br />dtali las canceled atnl suzretnderevf.
<br />?, Tfte cavenanta herein r_oWtaittatl shall lxatd .^tnd tSe 1reWefits and advantages sltail inetre to rite respective soc-
<br />eeretss and aaaigAe of ilx partite hereto. WhrtIICacr aged, the siWgular nttmbcr ahalI include the plural, the pittral iho
<br />s,lar. and tfta sae of any grader shall fa~€fttde old gcndc».
<br />8- :'Mo wsirca ~ gay cevt~ant hereyrt ar of the a!~i'_et4-~~ -- _ _ ~ -
<br />~~--_. e..4..sE~_3 _`-~rr~-; r - `ni ei~,e a=te= -at ter hr, Held
<br />to ba a waiver of tbt tet9na #sereof or of ring Warr, ~:tred ltrrr-b,- ~ ~~.. ~_
<br />q. f~ vai3lt eagtioa lftl.l t d) of the liules and firgulxtiom of the Small Btaaiuma ~dmiatistratiau (I3
<br />i.-dt=t$. l-bfl•IfdY }. xba+ i>~trttmont u to 6e cwmtzued and enforced in secordance with applieabk Frdtral law.
<br />ttt a ~~: _. a_-.._-
<br />~°" `_ "°"~°' '°°~-"~_ "t'aEr. at jucigt»ent hai~.iina an+~ praaision ar µartian of thi inetrerntrnt invalid or un•
<br />esefattagabk sbrtll nut in an} way iatpair or preclude tits enforc.retrnt of the remaining praviaiamn or gwrtioaa a#
<br />this ittalrttaaant,
<br />
|