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<br />3. The mortgagor covenants and agrees that if he shalt-fail to pay said indebtedness ar any part thereof when
<br />r of 91ta11 fait to perform any covenant or agreement oP ehia instrument or the promissory note secured hereby, the
<br />ettEsre"indebtedttesa hereby sectored shall immediately become due, payahfe,. arrd-.eolleetibk-withouE notice, at the
<br />anion of the mortgagee or assigns, regardless of maturity, and the mortjragte or his aseigas may before or after tntry
<br />eaH'said property without appraieemtnt (the mortgagor having waived and assigned to the mortgagee all rights of
<br />a~tragtement y() it fi_} ~ ' ':.t„ i-:
<br />1 t) at judicial sale pursuant to the provisions of 28 U.S.C. 2Wl i a) ; or
<br />(at) aE the option of the mortgagee, tither bq auction or by solicitation of ssehx! bide,•foe the highest and
<br />beat bid complying with the terms of Bale and manner of payment specified is the publieited notice of sale, first
<br />giving four weeks` notice of the lime, terms, and place of endh Bale, by advertiseinent not lees than once
<br />' during each of said four weeks 9n a newspaper published or distributttilinYhetoatetky in.whieh said property
<br />is situated, all other notice being hereby waived by the mortgagor (and said mortgagee, or say persmt oa
<br />behalf of said mortgagee, may bid with the unpaid indebtedness evidenced 6y said note). Said axle shall be
<br />held st ar on the property to bt sold or at the•Federal, county, or city courthouse for the county in which the
<br />property is located. The mortgagee is hereby authorised to execute for and on behalf of the mortgagor sad m
<br />deliver to the purchaser at such sale a aui6ciene conveyance of said property, which conveyance shall coegin
<br />reci6aL as to the happening of the default upon which the execution of the power of sale herein gamed
<br />depends; and the said mortgagor hereby eanatitutea and appbinur the mortgagee or any agent or attorney of the
<br />mortgagee, the agent and attorney io tsar of said mortgagor to make such recitals and to t:ecute uid
<br />conveyatltxs and hereby covenants and agrees that the recitals eo made shalt be eSeMUaI to bar ail equity or
<br />right of redemption, homestead, dower, and all other exemptions of the mortgagor, all of which err, hereby
<br />expressir waived and conveyed to the mortgagee; or
<br />(au) take any other appropriate action pursuant to state or Federal statute either in state or Federal
<br />conrt or otherwise [or the disposition of the property.
<br />In the event of a sale r~iisiW rtgagor or any person in possession under the mortgagor shall
<br />then hceatrte and be S .~ - rthwith deliver possession to the purchaser at such sale or be
<br />summarily disponsesse visions of law applicable to tenants holding over. The power
<br />and ageetcy hereby granted are coupled with an interest and are irrevocable by death or otherwise, and are granted
<br />as cumulative-to• the remedies far coileetieq of said indebtedness provided by law.
<br />4: Thp proceeds of my salt o! said propyrty is assardance with 0.he preceding paragraphs shall 6e applied first
<br />to pay the carts sad e:pertsa of said aalev the-eapgtte~ts inearrnl by tyre mortgagee for the purpose of protecting or main-
<br />tainirtg said property, and t-rssona6lt attorneys" free; stccurdty, to pay thr. indrbtadnesw aecared hereby; and thirdly,
<br />cis giay aaly surplus or eadt: a to the parsrta at fr~rsotrs. egtlly entitled tltsreta.
<br />~> In the sv~t raid gr+sperty is old at s js~iisial fora[ laaurs gala ar pu:suane to the power of salt; itersinabovs
<br />grsttted, and the preseec~ are rent stt~eitttt to pay t~ total indeb:°dneas sezurtd ley fltia instrument and ssi$r,nced by
<br />said pramisaory Hots, the mortgages will be entitled to n deficiency judgment foe the amount o[ the deficiency without
<br />regard to appraiasmau.
<br />ti. In the event the mortgagor fails to pay any Federal, state, or local tax asaesstnent, income tax or usher tax lien,
<br />eharge,fre,or other exprnse charged against the property, the mortgagee is hereby uuthorized at his option to pay
<br />the same. An}• sums as paid by the ntartgagee ebal- !ro added to and become a part of the principal amount of the
<br />ittdebtedticas evidenced by said Hate, subject to the same ternta and conditions. if the mortgagor shall pay and
<br />discharge cite indebtedness evidenced by said prmrrissorv note, and shall pay such sums and shall discharge ail taxes
<br />-lletsa and-!he e-tests, fees, and rxptrasc-•s of rriaking, enforcing, and executing this mortgage, then [iris nwrtgage
<br />shitll''be etuweled and surrendrred.
<br />7. The movenartts herein Contained sisal! bind sad the benr.fits and advantages shall inure to the respective suc-
<br />easota. a±ad aNig,Ra of the parties hereto- lyheaerer used, fire singular number shall include the plural, the plural the
<br />ta*, sad ~ tun ~ ~9-gender shall include sU geaderw
<br />~ tie waiver of ar±y covrspnt berets ar of the obligation secured hereby shall at any time thereafter be bald
<br />to lee a waiver of the tercets hereof or of the note secured hereby.
<br />`}. In eomplianee will[ cation lOl.l (d } of the Mules and llegulations of the Small 9aaineas Admioistratiaa [ 13
<br />C-F:$: Illl.kfd) j. this iastragaeat.ie to bs coosgtrutd and enfareed in a ~..ts.,,.,. e,;e6 ...,,tt..6te c_aa__t t_-..
<br />Its: A Nd~af'decree, order, or judgment haidiag any provision or portion of this instrument invalid or un•
<br />sEtall rant. in any way impair or preclude the enforcement of the renuaiaittg provisions ar portions of
<br />this, imtlretmettl.
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