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81000379
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Last modified
1/14/2010 6:51:55 AM
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1/14/2010 6:51:19 AM
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DEEDS
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81000379
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f>-- ae.~_r.-r....> <br />r <br /> <br />$. -The +Ro* cownanta aad tbat if ~ ahail`€tiil to pay uid indebtedness or any part tlsereof wtrdt <br />eltsa, etri shalt fail to perform any cove!ttanl or a~reemerttof tbrfs inaRevt*ieM or the promi~±ry note eeen[ed Iteretty Itte <br />ttiCire adrl~ hereby seeuee+i sl*sfl intetedlateEy I~-due, payable. aad eatle.-~ibfa w~ fit ~ ~,*~;-. <br />o~rret of the mortttagee oCaesiltas, regardless of maturity, and ttte mortgagees orhis assigns may trefbreor4[tetnets~rg`: <br />sh,1! acid property withoue ieppraisetnent { the mortgagor havptg Waived and assigaeed co-the tnortgmg+ee all-rifilttr gfl <br />118_ +faal~lltettt i : _ -- <br />1 t i at judicial sak puranant 1o the provisions of 28 U.S.C.. 200I (a) ; or - <br />(n? ~ the option of the tnerttga~ either b7 attettoa or by sotieitatioa of sealed bido,~[or the <br />bast 6w# complying wilt the terms of seta and rdanaer of paym Ott spdafied is the ptthliahed ttetRfex of aefa, ~s <br />tpving fear weeks' ttotiee of file time, tert+ts, ared platy of such sak, h7 advertieemertt not leas than etaeB <br />darting eaeb of said four weeits in a newspaper published or distrilutied in the rnunty in which saw propmty <br />is situated, all attar aetiee beitag hereby rained by the mortgagor (mad said »tatigag~ ar say perasts-oe <br />behalf o[ satFd atortga~, stag bid with the tmpaid indebiedness evieteaeed by said ttota). Said ~ abaft <br />iseli st en as ttre property to be sold or at the.FederaT, county, oe city eoarthottse for ttte conttty is ~rhieh t~ <br />property is located. The mortgagee is hereby authorised to e:ecate for and os 6ahalf of the tnattgagos atsd <br />deliver to the pasehuer a! ouch sale a aulisient xnveysace of said property, which ewaveysaoe shill eoatsiY <br />t+xitaL as m the Itapprrting of the default upon which the c:erutioa of the power of sak herfia <br />depaods; asuE the said mortgt~gar hercby catutituta and appbinL the etortgaEee ar aar agent or attorney erf the <br />mortgagee, the agent and attorney in fact of said mortgagor io make ouch reeitab sad to eYeeate saw <br />eoareyatsee and hetadry coveaaats ~d agrees that the recitals so trade shalt Is• efseetttal to bar elf eepsity or <br />r:~kr of redegption, itontestaad, dower, and ail other exemptions of the mortgagor. atI of which are hsrebp <br />e:prrasly waived aad conveyed to the mortgagee; or <br />~nt`t take any other appropriate action pursuant to state or Federal statute either in state or Federal <br />eoat€ errtiffierwise fern the of the property. <br />Ia ilu treat of a sale s stet ptUovided, the mortRat[or or env parson in posecasion under the mortgagor snail <br />titea bexome a~ 6a teaanti t(old~r>s over and anal! forthwith deriver posseaeion to the pnrchaeer at such ssk or be <br />outnmarily ditiipo is aeeiotdanar with the provisions of law applicable to terrsnis holdintt ovv. The power <br />sttd agency hereby t.-are coupled with an intercet and arc irrevocahte by death or otherwise, and are graate7d <br />m asmulaiiv€ to dta r~6diea #sr cteilextios of said indebtedntxa provided by tar. <br />~ Ttr ptveea$s ~ arty sale cell maid pta~rerty is aexatdasex with the pteeaediag apha ehmli be applied 5tat <br />to pay the carets sad sspnssaa eE erid-calm, the esputses ettntrrcd by the martFatgsa for the parpase of proscetiog or mais~ <br />taitsisg said property, atsd reasoashk atterrsteys' fees: seswndiy, to pay the indebtedness secured hereby; attd thirttlp, <br />m tmy ~y surpfuv err eeacem ~ the peraassr or pe-raerw le~tfly c~tit~d tieereto. <br />S_ la the a~vet es~ property h sold ai a judicial fettertletsure sale or piersuatst. to the pen of sefr het~iaabova <br />granted, sad the preseeeds are oat ettieieat to pay the total indebizdaw secured by this inatsaasast asd eriefaeexd by <br />said proaniusory Dora, the ttwrtgagee will be entitled to + deficiency juefg>3tea! for the ataount of the dejiciewcy toit/tottt <br />~ ~- <br />~, fa the cvsnS tl>; msrtryagor faib to pay ana Federal. =r~tc, or lo~~! tax a~~ot, ineerm~c tea or other tax lies. <br />chugs, fee, +ar ocher erxpensa ehargad against cite properi_y. rive mortgagee is hereby authorized ai hie optitut to pay <br />the save. Any wtar so paid by the tortgagee sltaDl be added to and bexoane a part of rift priaeipsf amauat of the <br />iadebtadaass evidaocxd by said rwtr, ettbjcet ua ttae same terms and conditions. If the mortgagor ahaU peg sad <br />efisehas8e the iadebtadttrss evi.~nced by said proeniasorp note, :utd shalt pay such sums and altall discharge all fazes <br />and liens sad the costa. foes„ and oapcnsea of nsakins, enforcits{t„ and ezaaeuting this mort6~ rhea thin a-ertgage <br />dreli-tae eamm~d asd <br />7. Tia ~ D<erain extut~it skalf bind and the fits anal advasitµFas shalt inure to the raspar3ive sao <br />atatl of tlx . ®ht~ev¢r used, the singular ttumhar sbt:ll its ttm pltral, the plarai des <br />+~ tie tnr a$ a ga~et droll itt all <br />~ t~ wait of tsay eovaaant heaasia ttr d rite obligation sseut+ed itere§y shall ai say tuna ttserestiter Ire bald <br />to-~ a -~--~ gt ~ b-t~f ~ of ;~ tt, ~x moral ~.~. <br />~': be tritit ses~tian 281.1 {d; eel the Ram mad Reg+daiitsr of the Sstap Baaioeas ~ (I3 <br />~F.R,. ~t.i{dl j. M to Ira tmawcrued asd aafarrod in acrosdanae with appiiaabb Fetdetat law. <br />l8. A ~ttdipal e8actaa, vrdtar, art jttdgasant Isaldisg sty ptarision or poetian etI this irrtsutnsnt invalid ar t~ <br />s111~ rt1t massy xay itapair or prexlttele the eafoteesnaat of the remaining prmgioss.eu p~~ of <br />t `_ <br />_~ ru <br />eo- *wres set ts-tst `' <br />
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