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3. The eortgagor eovenanta and agree that it be shall esii to par acid indebtedness ~ soy part tbeeed ernes <br />dae. or shall iail to perform any cormant or agreemaat of this iteriroment or the premi~or- nott rervvid hereby. the <br />ettiso in~btedetesa herebr scented shall imn,ediauly become Bete, pa7abk, and collectilrk withost aria, at the <br />option of the mortgagee a aaeitpta.. rcgardkar of maturity, aai the mortgages oz his ~ ma7 6e(aee of afeer estey <br />ati said property w.itbotx apprai.rment 1 the raortgagnr having waived and aaaigreed to the raettgagce ail tights of <br />e~aernertt 1 <br />t t V at judicial eak pnesnast to the provisieas of 2E US.G 20Di i a) ; or <br />(n } at the option o! the tssrtgagee, either by atsetioa or b7 aolieitaties of sealed 6idn,~iaa• the ~ alri <br />beat bid eompl7ieg evit6 the tertew d ak and teaaarr of PrTmmt apeei5ed is the pebiialsed «oeiee aef vie, iriR <br />giviteg lost weeks' entice of the time, terms, and place of seteb wk, 67 advertiaereat rat her tha Dace <br />daring rash of said lost weeks in a newspaper pahlisbed or distributed is the romty in whidt asid proP~y <br />d atwted, all other notice being hereby waived 67 the mOtt6+6a (ash acid asrtaage, or soy p~ m <br />behalf of raid martaagee, "M bd with the mpaid indebtsdoeae evidaneed by aa~ ante). Said ads shalt ik <br />held shat oa the propert7 to be acid or at the Federal, coemq, of city aeorthsene fee ttm sarmty is srbiehths <br />P-oPert7 b located. The mortgage u heeebp anehariaed to ezeeou tot sad os behaY of the maetga,sr asd to <br />de}iret W the pnrt$aaer at soeh ak a aol6cient tronve7anee of said Proper!), erhich txa.tyana abaR eanLis <br />mitaL d m the 6appeoiag of tttc daiaatt.~p~ which the exeeatioa of the pester d nak herein Battled <br />depaeda: sad the raid mere ~y aseruitatea a~ appbinta the startgagec er arry e~ ar attotsey elf the <br />• the pgu sad epot~s (actfot said mortga6ttr fo flake norh teotaL sad to esewte ndd <br />eease7saee and 7 maeoaaH sari agteea tha the reeiaaL ao made shall lm efsesnal u bet alt equity or <br />right of redewtptien, homeland. dower„ and all m6er exrmptiotts of the mortgngor, ail of whith ate hereby <br />expreaahv waiived and edrreyed to the mortgage: or <br />fat} take. gar other appropriau aelian parsoaat w mate or Frderai statou either in state or Fetterat <br />coact or othereriae for the diapoaitios d the property. <br />[a flu event of a lair aA heteinabavr. pravided, the mwtgagw or aa7 person in poaatbsiou ender the mortgagor shall <br />thmr berom„s aa,d' be lananu holding trvrr and shall fortheritle elriiver paauanion u the paredtaer at such ask ar be <br />srmmarily diapoeaeaard. in aceordaatce with the provisions of law applicable to tmante holding orrr. The power <br />sad agncv hereby granted are coapkd with an ioterM and are irrevocable by death or otherwise, and arc granted <br />a emnalaiive to the restdim for e»Ilectioa of said iadeMedaas provided by law. <br />4. The proceeds of an7 ask o8 said peopert7 ut aorordaoer with the ptereding paragraptu shill be replied foal <br />m pay the costa sail eapsaam of said sale, the c:Penner iac+rrred by the mortgage for the parpeae of ptoteetis6 or fella. <br />tailing said property, sad reasonable attorneys fees; seearedly, to pay the indebtedness created hereby; and thirdly, <br />to pay any sarptea or exeer to the paraott or person legally eutitkd thereto. <br />5. in firs a*®t said pr~.psrty k sold at a jndieis3 #oreelosnea ask or parw,rst to tha power of sek hereinebove <br />gr+>~e rand the presee~ are not as~sient to pay the refs! indnbtnrinsi ,errtred by this imtttimm# sad evidenced Ity <br />said wry nets, tar morkgagee will be eatitiad to • deletiestcy jet for the amount of the deFeiasey eeitkosrt <br />rvrierred ea supnsiawtase. <br />4 in the event rim mortgagor taib to pay any Federal, state, ur Iceal to aaseauneot, income tar or other tar lien, <br />eltaege, ice, w other expeme charged against the property. the mortgagee is hereby sathorized at his option W pay <br />ebe asses- Aay amts a0 Paid ley the mortgages shall be added to and become a part of the priaeipal amouet of the <br />indeDudasaa evidenced br acid note, anbjext to the same terms and condilieaw. If the mortgagor shall pay and <br />dindtarge the iwkbtedrasa rvidemeed by said promissory not4 soil shall pay such Bums and shall discharge ail tares <br />sad lien and firs costa, tea, and expense of making, enforcing, aed executing thin mortgage, then thin mortgage <br />sk~aR txe.caacekd sled aarreadered. <br />7. '[im c~rmasts tter~ste centaiaeet shalt bind soil the bme5u sad adraataga shall more u the respective ago <br />sewua sad anaiptn d flu partiaa hasto. RAbeamver steed, the sisguty number wall inetetde the pletrd, the plan! the <br />aingtiar, and the flee of wy Bader and! isdetde ell Bailers <br />& trin warreer of any eevaoant lwris or of the etbligatim aeeaead hereby shall at uy time thereafter be held <br />k Ile a wriaa e( the testa herao(a of the sou scented hereby. <br />~• ~ srsetpiiaoes with satins 1®i. t td) ~ tae Rakes and Re{laiatima of the Shall gyiz>ar Adminigratioa (IS <br />C.F.R. tdt.lidl l+ lids a.trtmttutt is a 6r canatrered and esfareed is nexvrdaaoa with apptieabk Fedora! 6w. <br />tfr, ,rM~ jpdisisi deeraq etrda,. err ttddiog ar7 prwviaios or paetion of this inetrvanat invalid or uea• <br />titoR alt is levy way impair er prsehtde the mforenaest e< the raraiaieg preriaioaa or portisns ~ <br />aaa ewe sa sa°nt ~ a .:. . <br />