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3. The mortgagor rnvenanta and agrees that if he shalt fail to psy said indebtedness or aay part therraf when doe. or shall fall to perform any covenant or agreement of this instrument or the promissory note aeeurerl hereby, the statics indebtednem hereby secured shall immediatdv become due, payable,-and collectible without notice, at the option of the mortgages or assigns, regardless of maturity, and the mortgagee or his assigns may before or slier entry ee1Y said property without appraisement jthe mortgagor having waived and assigned to the mortgagee ail rights bE appraisement) • t' ~ _ ~ .: i +- 1 t 1 a[ judicial sale pursuant to the provisions of 28 U.S.f 2001(a) ; or (u) at the option of the mortgagee, either be auction or by solicitation of seabd-Lid4-for the higheit and best Lid complying with the terms of sale and manner of payment specified in the pttbPtebed itatia of sale, tint giving four weeks' notice of the time, terms, and place of arch sate, by advertisement not less than on« during each of said four weeks in a newspaper published or distributed~in the county in which said property ~ ®tuated, all other noti« being hereby waived by the mortgagor {apd said mortgagee; or any person ota Lehalt of said mortgagee, may bid with the tmpaid indebtsdnem eviden«d by said note). Said eels shall be held at or on the property to be sold or at the Federal, county, or city courthouse for the county in which the property is located. The mortgagee is hereby :uthorized to execute for and on behalf of the mortgagor and to deliver to the purchaser at ouch sale a sufficient conveyance of said property, whie6 conveyan« shall contain recilaL ae to the happening of the default upon which the execution of the power-of Bale bents granted depends; and she said mortgagor hereby constitutes and appoints the mortgagee or any agent or attorney of the mortgagee, the agrnt and attomsy in fact of said mortgagor to make such recitals and to execute said conveyance and hereby covenants and agrees that the recitals so made shall be effectual to bar alt equity or right o[ redemption, homestead, dower. and all other exemptions of the mortgagor, all of which are hereby expresek waived and conveyed to the mortgagee; or i ttt t take any other appropriate action pursuant to state or Federal etamte either in elate or Federal court or otherwise for the disposition of the property. in the event of a sale as hereinabove provided, the mortgagor nr am~ person in possession under [he nwrigagor shall then become and be tenants-beidfegover~and uhall forthwith deliver possession to the purchaser at such sale or be summarily dispossessed, in aceDrdanm.,~witb CtI1e~'~,provisions of law applicable, to Tenants holding over. The power and agency hereby granted are~oRpler7 {if16• ari irrterest-and are irrevocable by death or otherwise, and are granted as cumulative to [he remedies for collection of said indebtedness provided by law. 4. The proceeds of any sale of said property in accordance with the preceding paragraphs shall 6e appfied first to pay the costs and expenses of said eels, the expenxe inenrred by the mortgagee fur the purpose of protecting or main• raining said proprrtv. and reasonable attorney.: fees; secondly, to pavthr indrhtednesn srrured hereby: and thirdly. to pay any surplus or excess to the person or persona legally entitled the: eta, $. In the event said property is Bold at a judicial foreclosure Bale ar pursuant to the power of sale herciaabave granted, and the proceeds are not euf6cient to pay the total indebtedness secured by this instrument and evidenced by said promissory note, the mortgagee will be entitled to a deficiency judgment for the amount of the deficiency mithwu regard to appraisement. h In the rcrnt the mortgagor fails to pay an} Federal, +tatr. ur local tax asnesamrnL income tax or other tax lien, charge. frr, ur other +•xprnsr_ charged against the pmperri~. th+• mortgagoe is hereby authorized at his option w pay the aame.:1ny sums so paid by the mortgagee shall be added to and become a part of the principal amount of the indebtedness rvideneea by ,aid nuts. subject to the same terms and conditions. [f the mortgagor shall pay and discharge the imlrbn•dnrss evidenced by said promissory note, anJ .hall pay such sums and shall discharge all taxes and liens and the cost.;, (rrs, and expenses of making, enforcing, :utJ executing thin mortgage, then [his mortgage shall he canceled and surrendered. '. The covrnanta herein contained shalt bind and the benefits and advantages shall inure to the respective suc- cessors and ansigne of the parties hereto. Whenever used, the singular number shall include the plural, the plural the eipgular, and the use of any gender shall include all genders. 8. ?Io waiver of env covenant herein or of dte obligation secured hereby shall at env time thereafter be held to be a waiver of the terms hereof or of the note secured hrrrbv. 9. do compliance with section 101.1 (d) of the Rules and Regulations o[ the Small Business Administration [l3 C.F.R. 191.1(d) ), this instrument is to be eonetroed and enforced in accordan« with applicable Federal law. IU. A judicial decree, order, or judgment holding a v provision ur portion of this instrument invalid or un- enforceable shall not in any way impair or preclude the rn(urcement of the remaining provisions or portions of thin instrument.