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<br />3.--Tire mortgagor covenants aSd agrees that if he shall fail to pay said indebtedness or any part thereof-whoa
<br />dbte;, ~ rltail fail to perform any cavznant or agreement of this iasttvmtnt or fire promissory note secured hereby, the
<br />- ~ ;,.dz,'~,t¢d,-.¢as heresy stcurzd ahs31 iatxdiatcly ~inu due, payable, and coll.ctible without notice; at the
<br />t~sion=of the moriAagee or assigns. regardless of maturity, arttfthe mortgagee or ht's assigns may before or after entry
<br />tag crawl peoperty withatrt appraiseme~r (the mortgagor having waived and assigned to the mortgagee all rights of
<br />ara$tet~e?
<br />{ t 1 at jtrdieial sale pursuant to the pravision6 of Zg U.S.C. ?AOI (a 1 ; or
<br />{n) at the option of the mortgagee, either by aactioa or try solicitation of sealed bids,•for the hsgheat and
<br />bat bid complyiaa with the terms of wk sad manner of payment apexifted is the published antlers o6sale, Stst
<br />giving four weeks' notice of the rime, serene, and place of such sale, by advertisement not lees than once
<br />during each of said four weeks in a newspaper published or distributed in the county in which said-property
<br />~ sitaatod. a!I other nruice being hercbp waived by the mortgagor (sad said mortgagee, or any person on
<br />behalf a[ raid aortgagoe, may bid with the unpaid indebtedness evideuteed by said note). Said sob shall be
<br />herd at or no the property to be Bold or at rite Federal, county, or city courthotase foe the county in which fire
<br />property u located. The mortgagee u hereby authorised to execute for and oa behalf of the mortgagor and to
<br />deliver to the purchaser at such sale a sufficient conveyance a! said property, which coaveyantx shall contain
<br />recitals a. to the happening of the default upon which the e:ecarioa of the power of Bak herein granted
<br />depertds: and the said mortgagor hereby constitutes and appoints the mortgagee or any agent or attorney of the
<br />mortgagee, the agent sad attorney in fact of said mortgagor to make each mitats and to execute said
<br />eaavryanee sad hereby oaveaanu sad agrees that the recitals so made shall !te effec¢nal to bar all equity or
<br />right o$ redemption, hatnestead._dower, attd:-all other eaemptianeni.the mortgagor, all of which are hereby
<br />expressly waived- and conveyed to the mortgagee; or
<br />f m) take say other appropriate action pursuant to Btate or Federal statute either in state or Federal
<br />court ar othetwise#or the dispasitioa of the property.
<br />to the event of a Bale ae hereinabove provided, the mortgagor or any person in possession under the mortgagor shall
<br />then became sad !x tenants holding over sad shall forthwith deliver poseeaeion to the purchaser at such Bale or be
<br />sumrearily dispossessed, in accordance with the proylBlOfl6 of law applicable to tenants holding over. The power
<br />sad agency-brushy granted are coupled with an interest-and are irrevocable by death or otherwise, and are granted
<br />as cnmteiatavo•to the remediarfor eoileetio¢ of said iadebtedaem provided by law.
<br />~. The proceeds of eny sale of said property in aexerdanee with the preceding paragnphe shall be applied filet
<br />m par the casts and expenses of s.id eels, the exptnsa incurred by tits mortgagee for the parpose of protecting or main-
<br />taining said property, and reasonable attorneys' fees; secondly, to pay the indebtedness secured hereby: and third" ,
<br />to pay env surplus or excess to the person or persons legally entitled thereto.
<br />5. 1o the event said property is sold at a judicial foreclosure Bale or pursuant to the power of sale hereinabore
<br />granted, sad the ptviceeds are not suieiens to pay the total indebtedness second by thin iwirnment and evidenced by
<br />said pemrtiaory note, the mortgagee will be entitled to a deficiency judgatent far the amount of she deficiency toitftont
<br />re:g<srd to apprauaetwent.
<br />6. In the event the mortgagor fails to pay any Federal, state, or local tax asaesrment. income tas or oiber tax lien,
<br />elt:rge, fee, or outer expense charged aKainat the property, the nwrtgagee is hereby authorised ai his option to pay
<br />the aatae. Any cuaw so paid by the mortgagee shall be added to and become a pan of the principal amount of the
<br />indebtedness evidenced by said cote, subject to the same terms and conditions. I! the mortgagor shall pay and
<br />discharge the indebtedness evidenced by .:aid promissory note, and shall pay such sums and shall discharge all to:a
<br />atul lions grid the costa, fees„ nerd espeasm ~ tusking, enforcing, and executing this mortgage, then this mortgage
<br />ehalf ire casteeled. a~ sur:cadered.
<br />Z The covenants herein contained eltatl bind and fire benefits sad advantages slsall inure to the reaptxtive suc-
<br />aaaors std assigns of rho parties hereto. ~heaever used, the singular atrarber shall itschsie tho plural, tbo plural the
<br />sistgrtlar, sad the use of say gender shall include all genders
<br />8, Rio waiver of any covenant herein w of the obligation securexl hereby shall at any bate thereafter be held
<br />to i9o a waiver of tics Ursa hereof oe of fire note secured hereby.
<br />9. la cwmptiaace with sestina 101.1 f d) of the ftuln and Regutatioro o[ the Smolt Btuioew Administration {l3
<br />G.F.Q. l~l,i(ej.} j, tk~a it~Yrusaatt-ts let be eaustrued and eafarexd is accordaaoe with apglieabk Federal taw.
<br />ill, A4 -ivdi~ial ~ erda'= *>; itadg~gt !tr~ldia6 ~y r--ravkiaa oe prurtioa of thin iastrttateat invalid ot ua-
<br />sh+tft nut is say way irupair or preelade rite eaforcesaeat of the remaining provisioae_ or portiorr of
<br />=N v 3~t
<br />Aa1 R;q eel fa.rN ''
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