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<br />3. Tht mortgagor covenants and agrxs that Sf he shall fail to pay said indtbtednraa or any par! thezrof when
<br />doe, or shall fat! to perform any covenant or agrtrmtnt of this instrument or the promissory noir srcured hereby, Ilse
<br />entire indebtedness htrehy secured shalt Smmedfately became due, pawable, and collectible without notice, at the
<br />option of the mortgagee or aaniFzrs, regardless of maYUrity, and the rnorttgagre or hie assigns may $rfott ac after entry
<br />aefl said property without agpraiaement ~ the mortgagor having waived and assigned to the mortgagee ail rigft4 of
<br />appeaieement i
<br />A t 3 at judicial sale pursuant to the provisions of ^-!1 iL5.fI 2`JfyI1 a l ; or
<br />(tt) at the option of t$e mortgagee, either by auction or by solicitation of seated bids,•for the highest and
<br />bed bid complying with the terms of ask and manner of payment npeeified in the published notice of ask, first
<br />giving tour weeks' notice of the time, terms, and place of such sale, by advertisement not feen than once
<br />during each of said four werks in a newspaper published or dintributed fn the county in which said property
<br />in aituetod, all other notice being hereby waived by the mortgagor (and said mortgagee, or any peron an
<br />behalf of said mortgagee, may hid with the unpaid indebtedness evidenced by raid note). Said ask shall b,a
<br />Reid at or on the property to be sold ar at the Federal, county, oe city warehouse foe the eannty in whit$ the
<br />property k located. The mortgagee is hereby authorised to execute for and on behalf of the mortgagor aced to
<br />deliver to the purchaser at such sale a sufficient canveyanee of said property, which conveyance shall eonUfn
<br />reritaL as to the happening of the default upon which the ezeeution of the power of eak herein greeted
<br />deptade; and the said mortgagor hereby wnntiivtes and appbinta the mortgagee or arty agent or attorney of the
<br />mortaster, the scent and attorney -_ fact of a;,i ---- _ _ ._ m^kt sucf; .°ecs.a a~ t.. --- - - :d
<br />taottveyanee and hereby covenants and agrces that the recitals so made ahafl be rffectual to her ail equity or
<br />right of redemption, homestead, dower, and all other exernptiona of the mortgagor, all of which are hereby
<br />expressly waived and conveyed to the mortgagee; or
<br />(tttl take any other appropriate action pntsuant to state or Federal statute either in state or Federal
<br />taurt or otherwise for the disposition of thr, property.
<br />fn the event of a sale as hereinabove provided, the mortgagor ov any person in possession under the mortgagor shall
<br />then bernnte and be tenants holding over and shall forthwith deliver poseesaion to the purchaser at such safe or be
<br />summarily diaposnessed, in accordance with the provisions of law applicable to tenants balding over. The power
<br />and agency hereby granted are coupled with an interest and art irrevocable by death or otherwise, and are granted
<br />as cumulative to the ramedies for colieetioa of said indebtedness provided by law.
<br />4. The proceeds of soy sale of said property in accordance with the preceding paragraphs shall be appfied fiat
<br />to pav the wets and a:pensen of said safe, fhe expenses incarrrd by the mortgagee for the parpost of protecting os *ttain-
<br />taining said prnperty, and reaaonabie attorneys' fees: secondly, to pay cite indebtedness secured here6_v; and thirdly.
<br />to pay enp surplus or exc~e to the person or persons legally entitled thereto.
<br />~. fa t~ event acid p tiperty is said at s jndirisl forxfasnre sale or onrtaatrt to the sower a( salt herai~a~_ _.vt
<br />graaetef, and tEse prceada are .-,ot sienz to psy the Yotai indehtedacaa srcured by t=°us iurrutneat aad evidenced by
<br />said proa.i_--, nsit_ : -- -__~rtgag~ wfi9 lrv entetlzd to a defi,,itre: jirdga~~ant f¢r the asu~_nt of lice er_~arp zzisisoat#
<br />r z €o apr~~xi:~.<.~
<br />b. [n the event the mortgagor tails to pay any Federal, state, ar local tax asse~nsrn4 incotne tax or oilier tax lien,
<br />charge, tee, or other expense charged against the property, the mortgagee is hereby authorixerl at his option to pay
<br />the wane. Any sutna so paid by the mortgagee shall be added to and become a part of the principal amonnt of the
<br />indehtedtresa evidenced by said note, subject to the Berne terms and rondilions. If the mortgagor shall pay and
<br />dineharge tics indebtedness evi<leasce.l by said promissory Hate, and shall pay such cams and shall dise}rarge all taxes
<br />aced Ifene and the costs, fees, and expenses of making, enforcinK, and executing this rnartgage, then this mortgage
<br />abadl he ranreled and surrendered.
<br />7. The covenants herein wntained ahaf! bind and the benefice and advantages shall Snore to the respective suc-
<br />crmora and asaigtta of the parties hereto. Whetuever used, the singular number shalt include the plural, else plural the
<br />aiagatlar: and the oat of any gender shalt include all genders.
<br />$. ilia waiver of say covenant fsereitt or of tine obligation srcured hereby shell at soy time thereafter be held
<br />-u.~= ~~~~ k ,:~° ter- herwf ar of cite note secured hereby.
<br />4. fn eoatsplisxte with section itDf.l td) of the Rttlra and Regulations of the Small 13naixtesa Admiuistruion (13
<br />C.F.ii. 14f.f id) ), this imirusneaE Ss to be eonsirued and enforced in accordance with applicsbk t7ederaf taw.
<br />10, X judicial drxree, ordrr, oe iudaneent frf,f3i~ Q
<br />- - -°- -n" •"-y.ie-::: a= E>urti of tats instrument invalid oe nn-
<br />enforseafsk shall Hat in any way impair ar preclude the enforcement of the remaining provisions or portions of
<br />!-iffitrnxac~ne-
<br />vsa r~ s~s::s-vas u . ,.e .
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