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<br />3. The mortgagor eovensnta and agrees that if he shall fail to pay acid indebtedness or any part thareof'wh6n =
<br />dtte, er eha#1 fail to perform any covenant or agreement of thin instrument or the promissory note scented herby, t4ie=
<br />Mere indebtedttesp hereby secured shall immediately become due, payable, and collectible rhthout notice,e>_rt the"
<br />option of the mortgagee or assigns, regardless of maturity, and the mortgagee or his assigns may before or aAet!Enlsy-;
<br />self said property without appraixment {thx mortgagor naveng waived and assigttea' to the mortgagee all`firi~ o€-"
<br />Wiest)
<br />(t } at jndieisl sale ptsesnant to the provisions of 28 U.S.G 2001 (a) ; or ~ •~
<br />(n) at the option ~' the mortgagee, either by auction m by wlieitation of sealed bida,'(or the him 6itri•'
<br />Lest bid ~plyeag with the terms of sale and maser of payment epeei5ed is the pohliahed eotioe oCsak, li3at^.
<br />giving four weeks' notice of the time, terms, and place of each sale, by advertisement not less than aaee~
<br />dnriag each of said font weeks in a newspaper published or distributed in the county in which sai~proptjrty
<br />» sitnatad, all other notice being hereby waited by the mortgagor (and said mortgages, or say .peraoti'm
<br />behslf of sauf sortgagee, may bid with she aapaid indebtedness evidenced by said note). Said sate ahali Ire
<br />' <uId m or oa the property to Ire eolA or at the Federal, county, or city courthouse-tor the ~tY in rhic6 the
<br />property ie located. The mortgagee is hereby authorized to execute for and on behaU of ilte mortgagor and to
<br />deliver to-the pmdessa at such sale a eol6cient coaveyaaee of wid property, which cenveyance ohaU eoetaia
<br />reeitah ar to rite happetring of the default upon which the eueadon of the power of sale beeein gtaated
<br />depeada; cad the said tnartgagor hereby eonetitatd and appbiata the mortgagee or any agent or attorney of the
<br />morga®ee, the agent and attorney in fact of said mortgagor to make each recital cad to ezeeute said
<br />oonreyaace and herrby eoreoaab -cad agates that the reeiuls so made shall be eHeetual to bar all equity of
<br />right of redemption, homestead, dower, and all-other exemptions of the mortgagor, all of which ate hereby
<br />expressly waived aad conveyed to the mortgagee; or
<br />(nt) take any other appropriate action patsaant to state or Federal autnte either in state or Federal
<br />cattrt or otherwise for tl-e diapoaetian of the property. _
<br />Ia the event o[ a sale am hereinabovt provided, the mortgagor or any person is poseeeaion under the mortgagor shall
<br />tfaea becotno and be teaartts baMittg over and shall forthwith deliver possession to the purchaser at such sale or be
<br />ntmmari}y dispossessed, in accordance with the provisions of law applicable to tenants holding over. The power
<br />and agency hereby granted are caopled with an interest and are irrevocable by death or otherwise, and are granted
<br />ze cumnluive to the reraedien for collection of said indebtedness provided by law.
<br />4. The psbeteds of nay sale of said property in aernrdaaee with the preceding Paragraph shall Ire applied first
<br />to pay the oats card expenses of said wk. the expesu+a incurred by the mortgagee far the propose of protecting or mai~-
<br />taiaing said property, a~ ressonabfe attorneys' fees; secondly, to pay the indebtedness secured hereby; and thirdly,
<br />to pay any "mPlm or exams to the person ae persons Segalfy et=titled :hereto.
<br />S. Ta the creel said property is sold at a judeeed foreclosure sale or ptenwnt to the power of auk hezeiaubore
<br />graaeed. cad the prooaeds art not saieient to pay the total indebtedress secured by tltm instrnaaent cad evidenced b17
<br />uid pramirary nose, the mortgagee will be entitled ter v defiekaey jodgsaent for the amount o[ the deficietsey esithoat
<br />rasarst to aplprrisawsewt.
<br />Q In the event the mortgagor faik to pay any Federal, Bute, or local ux asseeunrnt, incovte tax or other uz lien,
<br />Marge, fee, or other expetue charged agaimt the property. the nwrtgagee is htrcby authorised at his option to pay
<br />the carne. Aay sums so paid by the mortgagee sbal! be added to and become a part of the principal amount of the
<br />iaidr~ad~r ev"ttlenced by said Hatt, subpxt to the same te:sm and condfitions. I[ the mortgagor shall pay and
<br />diaeiwrge the indebterness evidenced by said promissory note, and shall pay such sums and shaft discharge all taxce
<br />cad Iime and the costs, fees, earl ezpetrwg of making, enforcing, and ezecutistg [hit mortgage, then this mortgage
<br />shall Ire e+xtceled am3 sursendered.
<br />7. 'I'ha covenmts hernia cantaiaed shall bind cad the benefits cad advaatagas shall inure to the respective star
<br />eaaraaa cad sreiptt of the parties hereto. Whenerer need, the siagulu muncher shall include tlas plural, the pima! rho
<br />alttq)Slaq cad rite rasa of nay gsaaiu shag iaelada all gaadera
<br />& IVo waiter. of ,my eoreaa: herein ar of the obligation seemed herrl-Y shall at any time thereafter be held
<br />to ha a tratrar d else teurtar hcsaof or of rho note aecuaed hereby.
<br />4. I. sespliaaea wit! ssalsre 1@I, l ! d) of the Raks and Regu4tiom of the Stoll Boaitteas A~tiaestrateoa [ 13
<br />f..F.A. J@E.1(d) j, thk iarraasatt is a ix rnaatrued and enforced in accordance with epplieabk Feden! law.
<br />l@. !~ 1 . order, or j holding any provisien or portimt of this itMtrutaiptt invalid or aa•
<br />eafaWazehk shall not iw asy way irpair os preclude the enforcrmcat of the reouiaiag provisiosw or portions of
<br />dsla irrtrmasat,.
<br />eFO onv~~
<br />era. ra.., ass rs.rst
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