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80006624
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Last modified
1/14/2010 5:36:11 AM
Creation date
1/14/2010 5:35:32 AM
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DEEDS
Inst Number
80006624
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<br />~~; <br />"- :ham if be abet! tail to pay said indebtedntr or any part tlfhraef when <br />F 3. 'F9te ttrwtEagrrr so.enaaes amd ajtroes <br />dma. ~, a fdi ~ Pserfaa-m :way toeena»t or aunt of tbn 2a~trument oP the promlrwry »oti secured hereby, the <br />e~iae lse*a~ ~~~ ..-'--rt«. i~~y a dell, gavi6fc..nd eolketibk without noli~ze, of the <br />` ^r t~ ~ ~ ~~ ~ d maturity, aml the raoregagre or his aari~ may before sr after entzr <br />~ acid f"~l~y without agprsiafineni f the tmortrtattur' having waived and asripned to the morigalgee alt rtghta <br />`s _ ' ~ <br />i t t at jtdicial oak pwnuant to the provesions of ~ L ~.f "_ftOl i o } : or _ ` <br />(a) ~ tba option ttf the mmtgadec, either by aurtiast or by solicitation of sealed bi~,~for thm.hiaheet aed <br />bait bid eomplysag with the term of oak and maemer of pryme»t specified im the published aotioe of oak, fiat <br />fp:ing fotu wetisr' notice of the lima tertas, and place of such ale, by advertisement not lcas'thaa anre <br />dnrinR each of said (oar wtekr in . newspaper published or diaiributed in the county in which acid property <br />.r aisaa:$d, all othea mire being hereby waived by the mortgagor (and acid mortgagee, or say peraaa oe <br />beLalf of anal fie, mat bid with the unpaid nwarotedaesa evidenced by aid note). Said sale abet! be <br />held at w ea dx properiv to be .old or st the federal, county, or city courthouse [or the county ~ which the <br />p~Pertp w located. The morigsger is hereby amthori:ed to execute (or and an 6ehal( of the mortgagor a~ to <br />deliver to 4he pnrrhsaer at each rah • au~tcient conveyance of said properly. whkh casreyaaea shall c~esia <br />raeitais a to the happening of the default upon which the ezrcution of the power of oak hhereia gt~ <br />aBd 4he aid aaartgagor hereby eonstitutu and appoints the marigafiee or nay agent ar attorney of the <br />marigajleE. the spertt and sttotrsey in fact a( aid mortgagor to make such reeitala cad to a=+weuto .aid <br />catsvepsoce and hereby eosenaats and attreea that the recitab ao made shall bt ef(ectw! to bar alt equity or <br />right a( redtmgtion, homestead, dower. and all other eztmptians of the tnorijCSger, alt of which are hereby <br />ezpreaalr waived and convened to the nwrijESgce; or <br />{utj take say other appropriate action pnrauant to state or Federal statute either is slats ar Feder:! <br />court or ot~rariae for the disposition of the property, <br />Ia the evmst ~ s uk ss keteiaahovz provided, the mortgagor or anp perw» in posatsaion ender the mortgabor shall <br />that became and 6e tenanu hohlinx over and shall forthwith deliver posseraion to the pnrehaser at ouch role or be <br />summarily diapurxued. in arrordarwte with the previsions of law app&esblc to tenants hotdia{t over- The power <br />~ any hereby pranttd are reupkd with an i»ttrest and are irresocabk by death orotherwiae, and artttra»ted <br />s cumulative b the reraedi~ for wiketiaa of acid inc(ebtcdness provided by law. <br />4 The Prmce~s of my ask ~ said property in sceordaaee with the preceding paeagrap6. shot! tic applied fmt <br />~ Pay the caob a.d of acid gale, the eapenaer irreurresl by the !mortgagee for the pnrpoae of protecting ar >$ais <br />tainins arid, property_ sad rearouhk attorsKy:` feu: secondly, to pay the indebtedtusa eeiiirrxlhesebp: and thirdly, <br />w Pap any aurphu or tartar to the pcrsetw_ar peraom kgallr ssetitlcd thereto.- <br />S. in the event acid property it sold at a judicial forerlosnre ask or purnunt fo !tie piNVCf of oak htieiaabova <br />firaimd, ~ the praoeeds ace not snitient to pay the resat indebtednseas aeeured by tltia inrtrmmmt and evidcaeed by <br />rigid psoariwsaey meta. the mtutgsgee win be eatitkd u , deficieaey jud~seat [or the .mount of the de~ciewc] win&oai <br />~ to appa~ai.a,wsru. <br />6. Im the everN the asoriltagor fails to pay nay Federal state, car tarot taz asressmeai, ineonre taz or outer tea lien. <br />charge, fee, or other etspetae cheeped against the property. the mortgagee is hereby authorized at his option m pay <br />the sari. Any asmnr ao paid by the merigagae shad be added im cad become a part of the grineipat ntetouau of the <br />evidmred by said moot. subject to the same terms atsd cotsditiorws. If the mortgagee shalt gay cad <br />diae9tatga the iadebtednew tvideneed by wid promtaaory Wort, and shall pay such rums atsd s[satl discharge nit lazes <br />cad Isaac and the costs, fns, sad ezpensea o{ making, ea(orcinq„ and c=reating this mortgage, then this mortgage <br />obeli be a:nceled cad wrreadered. <br />?. 'CTse co+reoaa~ hereto eoaesined shsU bind and the bersefiu cad adrantagp shat! imm~ to the renpecrive trw~ <br />sxsea~ta end at thz pss~a hereto 'Leer sued. the aimdsalar number aball imthtde elm phtnl, the Pl~~t the <br />~r. +md the ater o(atsy !lam shall iaeiada alt lgandaty. <br />LL lw[m vetiver ad rep a-vraast 6eeein or of the obtigatiws ssxmrad Lserrby shalt at any time thereafter bs held <br />tar Ler a waiver at the tarws learned a: of the aota rreured hereM- <br />4 to eaaa ~ asa~i+sn tOt<l td} Qd the Rtakss cad 13gtmlutdtu of the Stsull B+sriaera Adtstiaiatntioa (l3 <br />G?.1L;. ~.ttA)j, tbir lraraassmt s. is be earpara!^d cad emfarced to aeeerdaaoe with ~e Federal Lw. <br />ti- $ j.tttril 4orsmw ardor, ar 1~ halditsg susy prasrwaioa or pertian of thin iaastruaaent invalid sr uss- <br />not ~ nay sap impair ar prethrd+t the ~ of the remaitrirtR peovirioar ar psrtioea a/ <br />~ imsewsossort, <br />Mfr Aw- aM ,a4ar1 <br />
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