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30.-~~= t~ 3~
<br />3. The mortgagor covenants and agr«s that i[ he shall fail to p:r acid indebtedness or aey part therm( when
<br />dae, ar shall fail to perform any covenant or agreement of this instrument or the promissory note secured hereby, the
<br />satin indebtedness hereby secured ehaN immediately become deg payable, and collettibk withoat notice, at the
<br />eptioe of the mortgagee or assigns, regardless of maturity, and the mortgagee or his aesigrta raay helots or aftrr entry
<br />aeB said properly without appraixmeat (the mortgagor having waived and assigned io the mortgagee all rights of
<br />appraisementi
<br />f t) at judicial sale pursuant to the provisions of 28 O.S.C. 2001 I a) : or
<br />(tt) at the option of the mortgagee, either by auction or by solicitation of xskd bids,'for the highest and
<br />beat bid complying with the teems of sak sad manner of payment specified in the poblished eoti« of ask, Pint
<br />giving four w«ka' notice of the time, term0. and place of such Bale, by advtrtiaement not leas these once
<br />during each of said four weeks in a newspaper published or distributed is the county in which said property
<br />v situated, all ether noti« being hereby waived by the mortgagor (sad said mortgagee, tx say person as
<br />behalf of said mortgagee, may bid with the unpaid indebtcdner evidenced by said note). Said ask shall be
<br />held at or on the property to be sold or rt the Federal, county, or citq courthouse for the county in which the
<br />property is located. The mortgagee is hereby authorized to ezetnte for and oo behalf of the mortgagor sad to
<br />deliver to the parehaser at such sale a eufReieet conveyance of said property, which eoeveyaaee shall contain
<br />reeitaL as to the happening of the default upon which the tzceuaoo of the power of ask berets graaud
<br />depends; and the said mortgagor hereby comtitutd and appoints the mortgagce or anp agent or attornty of the
<br />mortgagee, the agent and attorney in fact of said mortgagor to make each tecftab and to execute said
<br />eoeveyan« and htreby cotenants and agrees that the recitals ao made shall be eff«taal to bar all equity or
<br />right of redernption, homestead, dower, and all other exemptions of the mortgagor, all of which arc hereby
<br />expressly waived and conveyed to the morigagce; or
<br />(tn) take any other appropriate action pursuant to state nr Federal statute either is state os Federal
<br />court or otherwise for the diapoeitioe of the property.
<br />In the event of a sale as hereinabove provided, the mortgagor or any person in poeeession under the mortgagor shall
<br />then bceame and be tenants holding over and shall forthwith deliver poaeemion to the purchaser at each sale or be
<br />wmmarily dispoeeessed, in accordan« with the proreions of law applicable to tenants holding over. The power
<br />and agency hereby granted are coupled wish an interest and are irrevocable by death or otherwise, and ate granted
<br />ae cumulative to the remedies for collection of said indebtedoesa provided 6y law.
<br />4. The proceeds of say sak of acid property in accordance with the preceding paragraphs shall be applkd fits[
<br />to pay the costa and e:pem« at acid ask, the ezpenaes incurred by the mortgagce for the purpose of proteetiag or maio-
<br />twining said property, and reasonable attorneys' (ees; secondly, to pay the indebtedness eerured hereby; and thirdly,
<br />to pay any surplus or excess to the person or persons legally entitled thereto.
<br />5. Ie the event avid property is said at a judicial foreclosure ask or punuaat to the power of ask hereiaabme
<br />granted, and the proceeds are not wicient to pay the total indebtedneae secured by this instrtnnaet sad evidee«d b7
<br />wid prrtmirory sate, the mortgag« will be entitled to n deficitttcy judgmem for the amount othee de)feicney rsiz/toat
<br />regard to appreisemeatt.
<br />6. In the event the mortgagor fails to pay any Federal, state, or local tax aeeesemen4 income tax or other to lien,
<br />charge, [ee, or other expense charged against the property, the mortgagce is hereby authorised at his option In pay
<br />the same. Any some so paid by the mortgsgce shall be added to and become a part of the principal amount of the
<br />imlebtednees evidenced by said note, subject to [he same terms and conditions. If the mortgagor shall pay and
<br />discharge the indebtedness evidenced by said promissory note, and shall pay such sums and shall discharge all toes
<br />and liens and the coats, fees, and expenses of making, enforcieq, and executing this mortgage, then this mortgage
<br />shall be canceled and surremlered.
<br />7. The covenants herein contained shall bind and the benefits and advantages shall inure to the respective wr
<br />cearws seed sasigna of the parties hereto. Whenever used, the singular number shall ieelnde the plural, the plural the
<br />aksgttlar, and the nee of say gender shall inehtde all gender.
<br />& No waiver of any covenant hereto or of the obligation aecart~ hereby shall at any time thereafter be held
<br />!o be a waiver of the terms hermi or of the note secured hereby.
<br />9. In eoaspliance with section 101.1(d) of the Ruln and Reguktiom of the Small Buaiana Administration (13
<br />C.F.R. 101.1(d) ), this iastrueteat is to be cooatrutd and eelomd in accordance wi16 applicabk Federal law.
<br />for A jwui'cisi decrET oro er, or u •
<br />• j agntent iwiding say provision or portion of this instromeat invalid or un-
<br />eafatrceabk shall not in any way impair or preclude the eaforoeouat of the remaining provisions or portions of
<br />tlda iwirumtat.
<br />su r:m vrr <a-rar
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