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<br />-. 3. The mortgagor covenants sad agrees that if he shall fa31 to pay said i®debtedrws or any part thereof wftea
<br />this er shah fail to perform nny covrnant or sgreeetreatt of tarts iastrnmewt or the promissory note aecared hereby, the
<br />etltlre `sndebtrdnees hereby secured shallsmmediately beeaas date, payabl., sad roiketibk without , at the
<br />of the mortgagee or assigns, regart!ksa of maturity, and the mortgagee or hrs aasytw [nay be{soe or after retry
<br />w~=strict property without appraiaemrnt Ithe mortgagor having w:ivsd and awipned b the nwe4g~et alt rights of
<br />a~raiaeotent)
<br />y i t ~ at judicial axle pursuant to the provisions of 28 U.S.f,. 2001 f a) : or
<br />f n) et the option of the mortgagee, ~tbrr by attetion or by soliritatioc of sealed bid.,'fer the highest sad
<br />bat bid e~plyiog with rho teams of rk and msrmer of payment apeei6ed tut the ptdtBslted entire d oak, fits[
<br />giving four weeks' notice of the time, terms, and place o! each sale, by advertisearmt net ler than Dace
<br />during cash o! said four weeks in a newspaper oublishal or drstributed is the county in which acid property
<br />is attested, all other notice being hereby xaired by the mortgagor (sod acid moatgagee, w say peraso as
<br />behalf of acid mortgagee, may bid with the mpaid tndebtedneoa evidenced by said Dote). Said oak ahaH be
<br />` hehl at'ar oo the property to be sold or at the Federal, eouetq, or city tnvrthottae for the cotmty m which the
<br />property u located. The mortgagce is hereby authorised to execute for and on behalf of the mortgages and to
<br />deliver to the purchaser at such axle a sufficient eooveyanee of said property, which eonveyance.ehaB coataia
<br />rexitab r to the happening of the default ups which the a:eeett~ of the power of ask 6eteta gzamed
<br />depends; and the acid mortgagor hereby constitute and appbtnts the mortgagee or say:gent or attartsey of tbs
<br />mortgagee, then ages[ sad attorney in fact of said mortgagor to make each reeitak sad to eseeate rid
<br />eaoveyance and hereby eoveaants and agrees that the recitals eo made ahaq be eAeetwl to bar all egaity a+
<br />righC of rtdemption, homestead, dower, and all other exctnpitow of the mortgagor, alt of which ere hereby
<br />exprenrip waived and conveyed to the mortgagee; or
<br />(tat y take any other appropriate aMioa purenant to state or Federal statute either is state o[ Federal
<br />court or otherwise for the diapaition of the property.
<br />In the event of a sale a hereinabovc provided, the mortgagor or any person in possession ender the mortgagor shall
<br />then become sad be tenants holding over and shall forthwith deliver possession to the purchaser at such eak or be
<br />summarily diaQeeeesaed, in aocordaswc with the provisions of !aw applicable to tenants balding over. The power
<br />and agrncy hea~ err z-oeipled with an interest and are irrevocable by death or wbenriae, and are granted
<br />err cumulative to ~e remedies for coikctton of said indebtedness provided by law.
<br />A The pnoaeds of any ssk of rid property in aceordanee xitb the Preceding paragrapLs shall be applkd fuss
<br />is pay the coats tend eapettaa of rid: rk, the a:pewees ineatrred by the mortgatyx for the porpoae of preteetiag or enam~
<br />laiaing acid property, and nsaaonable attorrteya' fees; aoeundly, ta.pay thr, indebtedness secured hereby: and thirdly,
<br />w pray airy surpiw a ezeeee-to the person or persow legally erttitkd thereto.
<br />5. la tihe event said property is add at a judicial- foreelwun sa16 or pttranaat to the potrer of oak hereiaabore
<br />graatrd, ;.nd s!x prseEeda art ;:ct sts$eient r pay the total ~aarcared by this instrument aml rvideoced by
<br />rid promissory note, the mortgagee wilf be entity to w defictenty judgment ter the amauat of t~ dejG.seasy withoat
<br />rspmd to apprriaemertt.
<br />6. In the event the mortgagor tails to pay any Federal, state, or local tax aaaeesoient, income tax or other tax lien,
<br />charge, fee, or other expeiue dtarged agaimt the property, the morgagce is hereby aWhorixd at his option to pay
<br />the seats. My sums so paid by the mortgagee dra11 be added to and become a part of the principal amomt of the
<br />indebtedtieaa evidenced by said note, anbject w the same terms and condi[iow. If the mortgagor shall pay and
<br />discharge the indebtedoesswideneed by said promissory notq and shall pay such sums and shall discharge all tares
<br />sad Item a~ the costa, fees, and expemn of making, enforeiag, and a:exuting this mortgage, abet this mortgage
<br />ehoB be cattcthsd acrd artrrrta'.ared.
<br />7. The covenants herein contained ebaU bind and the beaeftta and advantage shall inure to the repeettve ono-
<br />nessora and of the parties hereto. ~heaever used, she singular ntrotber shall iaeltde rite plural, the plttr.i the
<br />sltr~ahtri and the ur of soy gender shall ituhtde aB geadeea
<br />A ltia waiati:r d any mtKttant bercia or o[ the obligation sernreet Isersby shall at aay tuna ehercafter be hek}
<br />to !is a waiver d doe teens hereof oc of tho Dote secured hereby.
<br />4, Ia rorpHaare with arxtiioa lt}I.1 { d) of the Bola and Regulatieot of ebe Srs11 Btuiaep Adotetatratiaa [1S
<br />C.F.B, 2$].110 }i this atnrat is to IK ewaalrired sad etalerssd io aeeoedanee with appitiesJtk Faeksral law.
<br />1K A jRtidreial daeeaw order. err j._*d~ bo61 6t~ ;~ ~~i~.. a ~:~ of iris boatroaetet ia.aiid or ao.
<br />+kk ehtetl not ~ say way impair or prrrtttde the eaforcemcat of she remaiwiog provtstow oe portions of
<br />this hatwaanat,
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