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<br />- 3. The mortgagor cavenanta sad agrees that it he shall fall to pry said indebtetltter or say part shared tilteiR
<br />doe, er sha)I fail to perform am eovenaM or agnemettt of thi[srotrmtrent or the promissory Hoer seeared~~tbe
<br />eayirr indebtedness hereby secured shag immediately b~ due, psyabie, and relleetible withont ttilier aitbe
<br />sir6oe of the mortgagee err asdgtn, regardkse of maturity, and the taortgaBre or 6ia atstytoa may before ortiHer irhby
<br />a~ aid property without appraisement (the mortgagor having waived and aripted to the toertgattgee teR rt~a
<br />a)praisemmt } : ~: -
<br />3ti
<br />- - I t) at judicial sale pursuant to the provisions of $8 US.f_ 2(101 l a } ; or - -
<br />(n } at the option of t~ mortgages eitlxr by anetion or by eolieitatiov of aeakd bids,"far the.Gi
<br />bat bid complying with the terms of oak and manner of payment specified in the published ttetiae +1~ oak, felif'
<br />giving four weeks' notice of the time, terms, and place of ane6 salt, bl adretfixment not kerb ones
<br />during each of said four weeks in a newspaper published or distributed is the comas in wFedt aai~ property
<br />is sitttated, all other notice being hereby waived by the mortgagor (and acid taortg/Bee, oe uy psrwtt m
<br />' bebaU'of said mortgagee, may bid with the ®paid indebtedness evidenced by said mte). Said oak ahaH be
<br />field at or on the property to be void or a the Federal, county, or city covrthoase for the eotmty in which the
<br />property is located. The mortgagee is hereby authorised to ezeeute for and on behalf of the mortgagor and to
<br />deliver to the purchaser at wch sale a eul6eient coaveyaace of said property, which conreyaace shaII unseats
<br />realab: zt to the happening of the default upon which the ereeaeion of the power a[ wk herein gnsfed
<br />tkpettds; and the said mortgagor hereby constitute and appbia~ the mortgagee or any agent or attorney oI the
<br />mortgagee, the agent and attorney in fact of said mortgagor to make such recitab and to ezeettte acid
<br />ceaveyance and heeeby coveaaats and agrees that the recitals so made ahal! be e$eetttal to bar all tgaity or
<br />right of redemption, homesterd, dower, and all other exemptions of the mortgagor, all of which are hereby
<br />expressly waived and conveyed to the mortgagee; or
<br />(tt[) take any other appropriate action pursuant to state err Federal statute either in state or Fedtra)
<br />court err otherwix for the disposition of the property.
<br />In the event of a sale as hereinabove provided, the mortgagor or anp person in possession under the mortgagor shall
<br />then become and be tenants holding over and shat! iortfiwitfi~de6ver possession to the purchaser at such eak or be
<br />wmmarily diepoaeeseed, in accordance with tfie~ ~proviaiona~ot lave applicable to tenants holding over. The power
<br />and agency hereby grmted use coupled with an interest and are irrevoeabk br death or otherwise, and are gnnted
<br />a- cumulative to the-remedies-for co)ketion of said indebtedness provided by law.
<br />4. The proceeds of any sale of said property in.aeearcdanoe with. the preceding paragraphs shall be-applied fast
<br />m pay flee cats and a:peaaea of.said axle, the e:pema incurred by the mortgage for the purpose of protecting er main-
<br />taining said property, and reasonable attorneys' tees; aecundlr, to pay the iadebtednees.secured hereby; atuithirdly,
<br />to pay say surplus or excess to the person err persons Irptally entitled [Memo.
<br />S. Im the event acid property is sold at a judicial foreclosure ask or pursnant :a the power of oak hereinabovt
<br />granted, and the proceeds are tree! sufreieot to pay the rota! indebtedness secured by ehia instrnment and evidenced by
<br />said promissory note, the mortgagee will be entitkd to s defideacy judgment for the amotmt of the deficienry toirhosat
<br />~ w approiaetwast.
<br />6.' In the event the mortgagor fails to pay any Federal, state, or local tar aeeeement. income tax or other tax lien,
<br />charge, fee, or other expense charge+l against the property, the mortgagee is hereby authorized at his option to pay
<br />the same. Aay wens w paid by the mortgagee eltall be added to and become a pan of the principal amount of the
<br />iadebtedrsess eridtnud by said note, :object to the same terms and conditions. If the mortgagor shall pay and
<br />discharge the indebtedness evidenced by said promi,wory note, and shall pay such sums and shall discharge all taxes
<br />std lies sad- the costs, f --. and ~xpP-nst3 of making, enforcing, and executing this mortgage, then this mortgage
<br />shit!!-fie eattceted and wrraadercd.
<br />7. The covrnanb hernia contained shall bind and the benefits and advantage shall inure to the respective wc-
<br />eesaasa sad assigns of the parties hereto. Aheaerer used, the singular anmber shall inelade the pfiual, rho p]ttral the
<br />sipular, sad the tree of say grader shall include all gsaden.
<br />3' Mfrs waives *d rnY ooveaant herein or of the ob)igation secured hereby shat! at any time thereafter be held
<br />to he a waiver of the terms hereof or of the note secured herrby.
<br />4. In eosptiaace with section 101.1(d) of the Ruks and Regutatroa of the SauR Business Adntiawwti~ [33
<br />GF.R IOI.I{d) ). this iaatraoaat is io,,bte~ai~opruad and eoforoed io aeeorda~e with applieabk Fedasa! Lw.
<br />ll~ it padatnat' ttaeree, order, w )_°tt °aM as
<br />au[oreaahk shalt not is m wa holding y provision or portion of thu imtrument invalid or vn-
<br />Y Y impair or preclede the enforcement of the remaioiag prorisiaru or puniness of
<br />tlds iatalrttmera.
<br />race rw, art .s-rst ,, - .. , ».
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