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<br />3. The mortgagor eortnanu and agrees that it he shall fail to pay said indebtedness or any part thereof whoa
<br />' dens, Ar shall tail to perform any covensnt of agr«ment of Chia instrument or the promireory note rtcurEd 6ereby~4he
<br />erMire indebtedness hereby secared shell immediately become due, payable, and colkctibk without ebtiee;'at the
<br />alias of ibe mortgages or assifttta, rtgardkss of matnritp, and the mortgagee or his asrigna may before o<afte~ewtry
<br />_ aaB mid praptrty without appraisement ftht mortgagor flaring waived and assigned to the mortgage~a9[~r~iglttp•of
<br />ajrptyfk~eeaant)
<br />-- {e1 at judicaa) mk pnrwant to-the proviaioneof28U.S.C.2001(a); or
<br />{n} d iloo option of the mortgagor, sachet b7 aeetion er by aolaeibtion of aeakd bidy;far ilia s>~
<br />boat bid eompiyieg with the teems of oak and mamer of payment apetafied is the published aotiart of sail. $te<
<br />piviea four wtelu' aotace of the time, terms, and place of such salt, by advertisement not leas thaai Ottoe
<br />during each of said four weeks i» a newspaper published or distributed in the county is wbic6 Enid prgperty
<br />it sitwted, all other notice being hereby waived by the mortgagor (sod said mortgagee, or any peeion as
<br />b~rif of said aaoregsgee, may bid with the anpaid indebtednw evidenced by said note). Said #iak altail be
<br />` hebi it or oo the property to be sold or at the Federal, county, or city ooarthottae for the county In which the
<br />property is located. The mortgagee is hereby authorised to a:hate for sad oa behalf o[ the mor~agor and to
<br />deliver to the purchaser at such wk a su6icieet eonveyaaee of said property. which eonveyanee-shall e~tain
<br />reeitab as to the happatiag of the defwult npon which the execution of the power of ask herein grmted
<br />depends; and the said moregagor hereby eoaetituta and appbieu the mortgagee or any agent or attorney of the
<br />mortgagee, the agent and attorney in fact of said mortgagor to make each recitals and to essence said
<br />eamleyatsoe and hereby eovettaou sad agecea that the recitals eo made shall be eQeeteal to bar :11 equity or
<br />right of redemption, homestead, dower, and all othec exemptions of the mortgagor, all of which art hereby
<br />tsprtaaly waived sad conveyed to the mortgagee; or
<br />(eu) take any other appropratt action perauaat to state or Federal statute Bather in able or Federal
<br />eonrt or otherwise for the disposition of the property.
<br />le tbo event of a uk as hereinabove provided, the mortgagor or any person in poeeession under the mortgagor shall
<br />theft becoese and be tenants holding over and shall forthwith defaver poesesaion to the purchaser at each oak or be
<br />summarily dispoaeeeaed, io accordance with the provisions of law applicable to tenanu holdieg over. The power
<br />caul agency hereby granted arc coupled with ao interest and are irrevocable by death or otherwise, and are granted
<br />a eamulative to the remedio far eolketioa of said indebtedness provided by law.
<br />4. The ptetxedt~ anrnk a<aafd property is accordance with the prtxding paragraphs shall br replied Snt
<br />to pvy the sago ~ expeme~ of and aria, the e:penrea inmrred by the mortgagee for the perpoae of protecting or maio-
<br />twining said property, and reasonahle attorneys' fees; xcondty, to pay the indebtedness secured hereby; and thirdly,
<br />to pay any surplus or sneer to the person ar persom legally eetitkd thereto.
<br />S. Lt the avast grid property k sold at r judicial foeeclorrce sale o: pursnaat to the power of ask hereiaahove
<br />granted, and the proeeetL are not aulteitat to pay the tool indebtadner aerated by thin inauumeat sod evidenced by
<br />grid Promissory soft, the mortgagee will be rttatkd to a deftciexy judgment for the araoeat of the deficiency eatfrant
<br />rogv~ to:ppeeiseanrtr.
<br />6. Ia the event the mortgagor fai4 to pay any Federal, alatt, or local tax asseeaatent. income tax or other tea lien,
<br />charge, fee, or other expense charged against the property, the mortgages is herby authorized at his option to pay
<br />the assts. Any soma so paid by the mortgagee shall be added to sad become a part of the principal amount of the
<br />indebtedness evidenced by said etou, subject to the same terms and conditions. If the mortgagor shall pay and
<br />daeltarge the indebtedness evidenced br said promissory note, and shall pay such sums and shall discharge all tares
<br />sad lieru and the costa, fees, and e:peruts of making, eeforciag, and executing this mortgage, then this mortgage
<br />shall be eaeteled and aurrrodtrrd.
<br />7. The eovtnanu herein contained shall bind sad the base&u sad advanbgea shall inure to the reapeetive acts
<br />aaaaoew at-d arigna of the partite hereto. fever used, the aiagubu number shall mchade the phtral, the phrra) the
<br />abtgelar, and the oar at say g~dtr shall iaeluda all gendan.
<br />8. No waster of any eovataet hernia or of the obligatioe eoeetrad hereby shall at any time theieafttr be held
<br />fs Tye a waive of the terms hereof or of the note aecared hereby.
<br />9 In taaapRaece with station 1(11.1 {d) of the Raps and Regulatiotr of the Sm.ll Bunter Administration [i3
<br />C P'.& lfil,lfd) ), tbk itsstrttmtnt is w be a~n:ed wed enforced itt aa~rdaace with applieabk Fedora( taw.
<br />18. A jedit~.l decree, order, or judgment holdieg any provision or portion of this inatruarnt inraGd or nn•
<br />ea[otaaable shat[ not is any way ianprar er preclude the eaforawetent of the remaining prvviaioar or portiaws of
<br />this ipatrntnegt.
<br />. ~ aco ire-~~a
<br />ate -wei. gar Is-rat
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