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<br />3. The mortgagor covenants and agrees that if he shall fait io pay said iadebeednea or any part thes+tok..ar7;iihn'::
<br />dim, or shall-fail to perform any covenant or agreement of this-instrument or the promissory note secured brvvtbe=
<br />dd5te indebtedness hereby secured shall immediately become due; payable, and collectible rvithont notice;.fs'tlte'-
<br />option of the mortgagee or assigns, regardless of maturity, and-them rt~s~remrlris assigces may before or ieftet_enlrf;
<br />~„
<br />etl~aaid properi}' withou4 appraiaement (the. mortgagor havingiYraiped and assigned to-the mortgagee alkrigitis of`
<br />appzaisementl
<br />~r r .. ~.
<br />- I t) at judicial sale pursuant to the proviaiana of 281~~C. ;70d1i7h) ;set ~' ~ ~ ~ -
<br />(n) at -the option of the mortgagee, either by auMion or by eoiiciution of aeah:d bida,~for the hightat and
<br />beat bid complying with the terms at sale and manner of payment specified in the published italics ~ sale.6rR-
<br />giving four weeks' notice of the time, terms, and place of such sake by advertisement not lead-than-once
<br />during each of said four weeks in a newspaper published ordistrihuted-in the county in which said property
<br />is situated, all other notice being hereby waived by the mortgagor (imd~eaid=mortgages, or aay~.petaan-~
<br />' behalf of uid mortgagee, may bid with the unpaid indebtedness evidenced by said note). Said sale shall Fit
<br />held at or on the property to be sold or at the Federal, coon*_y, or city courthouse [or the county in which the
<br />property is Located. The mortgagee is hereby authorized to execute Eor and on 6ehaif of the mortgagor and to
<br />deliver to the purchaser at such sale a sufficient conveyance of said property, which conveyance shall contain
<br />rxitalo an to the happening of the default upon which the execution of the power of sek herein granted
<br />depends; and the said mortgagor hereby constitutor and appoints the mortgagee or any agent or attorney of the
<br />mortgagee, the agent and attomey in fact of said mortgagor to make such recitals and to execute said
<br />conveyance and hereby cavenanta and agreca that the recitals so made shalt be effectual to bar all equity or
<br />right of redemption, homeeiead, dower, and all other exemptions of the mortgagor, all of which are hereby
<br />expressly waived and convoyed io the mortgagee; or
<br />ftn} take any other appropriate action pursuant to state or Federal statute either in state or Federal
<br />court or otherwise for the disposition of the propert}~.
<br />In the event of a sale u hereinabove provided, the mortgagor or any person in possession under 4he mortgagor shall
<br />then become and be ten ~~ ~ ~ ZF~it~r~l'lbithwith deliver possession to the purchaser at ouch oak or be
<br />summarily dispoaseseed, in - or a ~'j~j„g?+Ftvisiona of law applicable to ttnanta holding over. The power
<br />and agency hereby granted a e coup ed with an interest and are irrevucabk by death or otherwise, and are granted
<br />ae cumulative to the remedim for collection of said indebtedness provided--by law-.
<br />4. The prncesde of any sale of said property in accardamr with the prssedttrg:paragrapha~ehall be applied first
<br />to pay the casts androxperesee of said sale, the expenses incurred by the mortgagee for the purpose of paotecting or mains
<br />raining sasd ~rroperty, and reasonable attormaye fsra+; acerrndly, to pay the indebtedness secured hereby; and thirdly,
<br />to pay aay ahrpius or sxcesa to the person or persons legally entitled thereto.
<br />za. In tl:e avsnt said property ns old at a judicial fozcslerttrr! sale or pursuant to the power of salt hersinabove
<br />granted, attd the proe.:sda are not aa~ient to pay the total indebtednr~-secured by-this-ittatrutnsnt and evidenced ley
<br />said promissory note, the mortgagee will be entitled to a deficiency judgment Eor the amount of the deficiAncy u:fthous
<br />regard to approiaement.
<br />6. In the event the mortgagor faits to pay any Federal, elate, or local tax assessment, income tax or other tax lien,
<br />charge, tee, or other expense charged against the property, the mortgagee is hereby authorized at Iris ~, lion to pay
<br />the same. Any sums so paid by the mortgagce shall Ire added to and become a part of the principal amount of the
<br />indebiednesa evidenced br said note, subject to the same terms and conditions. If the mortgagor shall pay and
<br />discharge the indebtedtteas evidenced by said pnrrnissory note, and shall pay such sums and shall discharge all taxes
<br />and' liens and' the coats, fees, and expenses of making, enforcing, and executing Chia mortgage, then this mortgage
<br />shrill Ix canceled and surrendered.
<br />X. Tho wvenanta herein contained shall bind and the beerefrte and advantages shall inure to the reapeative suc-
<br />oessars and aaaigers of rho parties here W. Whenever used, the singular number shall iaclnde the plnaal, the plnni the
<br />aiagttlaq and the use of any gender sball include all gender.
<br />8, do waiver of any covenant Ererein or of the obligation secured hereby shalt at aay time thereafter be held
<br />to be a waiver of the terms hereof or o[ the note secured hereby.
<br />9. Ia compllauce with section 1Q1.1(d) o: the 8ules and Regulations of the Small Businew Administrrtion (13
<br />GF.R tltt_tidl l_ s6t.:~.,.m~e.: ... r.., ...,.,.....da _..a _..a____a ;.. _~a__~ ..,:.~ ___r:__tr_ c_a_~r r_...
<br />----_ ~~_.-. ,. -~ ~-.ao....o ....,~.. .,~,. w... o...v...z...u ~~..........w ,.,....tp„c.,..o . ~„o.~......
<br />I#F. A judicial decree, order, or judgment holding any provision or portion of this instrument invalid or un-
<br />enforceabk shall noE in any way impair or preclude the enforcement of the remaining provisions or poriiarrr of
<br />th[a ittelt'umeat.
<br />raA r... 9aT ta~Ta) ~. _. ,
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