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<br />3. The mortgagor eoveltailta-mtt a-treea that if he shad--fail to pay said indebtednraa or any pan thereof when
<br />Y(tte. or shall fail to pexform any covenant or afp~eemerrt of'tlda isatrument or the promissory note secured htrceby. the
<br />dbtitr indebtedneaa hetrbr aecnred shall iwtmede`afeiy betre~tttc due, payable, and roHen%ble without rtoticr,'af the
<br />,option of 4he mortgagee or assigrta, regsrdkae of maturlfy the mortgagee or his assigns may befortar efts! ~
<br />~l acid property. `without apprtiserrn_enf {the mortgagorhavinq waived and assigned to the mortgagee°aff riSlttsof
<br />.i~-pritisement) : -
<br />! t) ~ judicial safe pursusnt !o the prarisioas of 28 M.S.C. 20011 a) : or
<br />(tt) at the option of the mortgagee, either by auction or by salicitstion of aeahtd bidatarths_hf~estand
<br />best hid ettmplying with the terms of oak sad manner of payment specified in the pablishad•ttefiatt-e~arki firR
<br />giving four weeks notice of the time, terms, and place of such saie, by advertisement not taw than e®oe
<br />during each of said four wr.eks in a newspaper pablishe+l or distributed in the county in whicit.~aid preplrty
<br />is rittatod, all other ttotiee being hereby waived by the mortgagor (and and mortgagee, ~-aeiy pdrtlstr-+ss
<br />be7tatf of said snortgageeY may bid-with the unpaid indebtednew evidenced by said ante). Sam°wfe s6ali he
<br />held at or on the property to be sold or at the Federal, county, or city courthouse for the cotttety is witieh the
<br />property is located. The mortgagee is hereby authorized to execute for and on behalf of the mortgagor and to
<br />deliver m the purchaser at such sale a auRxient conveyance of said property, which conveyance-shall contain
<br />reeitab as to the happening of the default upon which the execution of the power of sale herein grmted
<br />depends; and the said mortgagor hereby constitutes and appbinte the mortgagee or any agent or attorney of the
<br />mortgagee, the agent and attorney in fact of said mortgagor to make ouch recitab and to ezeente wd
<br />conveyance and hereby-corermtttt and agrtxa that the recitals so made shall be etfeettul to bar a1i equitp•or
<br />right of redemptfan, homestead, dower, and all other exemptions of the mortgagor, all of which are hereby
<br />expressly waived and conveyed to the mortgagee: or
<br />furl take any othet.appr+9priRte action pnnuant to state- or Federal statute either in state ar Federal
<br />court or or6ecwiaq,for the-dialorifion of the property.
<br />In the even( of a Hale as ltereinabase provided, the mortgagor or any person in possesaian under the mortgagor shall
<br />then bsaorne and be tenants twldirryt ours and shall forthwith deliver poaaesaion to the purchaser at such sale or be
<br />etimmarily dispomensed, in arc+ardanre with the pmviaiona o[ law applicable [o tenants holdirtq over. The power
<br />utd agency hereby granted are eoup)rd with an interest and are irrevocable by death or otherwise, and are granted
<br />ar cumu$ativc to the remedies for roilectiou of said indebtedness provided by taw.
<br />4. The proereda of any sale of said property in accordance with the preceding paragraphs sisal[ be applied first
<br />r,, e~-r the ,.,,_,_ a.-d °xt.:.:..~x of mid s!~ *.)x ezpe.~ •--_--red by the mor±a_get for the purpose of protecting or maio-
<br />tainutg said property, and reaaanabt° attorneys' fees: see+mdly, to pay the indebte+lnrss ercured hereby: and thirdly,
<br />to pay any surplus or exceaie to the person er persons legally entitled thereto.
<br />5. In she evetat said property is wld at a judicial foreclosure saie or pursuant to she power of salt hereinabove
<br />granted, :nd the procxds are not sufRcient to pay the total inde6tednesa secured by this inatrumeat and evideatxd by
<br />+iiu' pr.:m:awry-cute. L:E mort6a8--.c wdtl tx entitled to a at6rit.~y jud~tent fns the amount of the ateliciency wit6wtt
<br />re~ ro appw+srsament.
<br />tr. In rite event the mortgagor [ails to pav any federal, state, nr (Deal tax asaesamrnt, income tax or other tax lien,
<br />charge, fee, or outer expense charged against the property, the mortgagee is herrby authorised at his option to pay
<br />the same. Any soma so-paid by the mortgagee shall be added to and become a part of the principal amount of the
<br />indebtedness evidenced by said note, subject to the same terms and conditions. If the mortgagor shall pay and
<br />discharge the indebiedneaa evidenced by said promissory Holt, and shall pay such sums and shall discharge all taxes
<br />antj,lipnk,and-,tip coals,-lees, and expenae~ of makae~,,enforcing, and rxeeuting this mortgage, Yhen Yhia mortgage
<br />shall be a;auceled and surrendered.
<br />7, The cgveoattta herein t:+uttained shall bind and the benefits and advantages shall inure !o the reapeetive sac-
<br />osaaan and asatfpu o! the paruca iterate R!ltenevcr usedt the singular number shall iaclade tbre pineal, the plnnl the
<br />singular, and the uaa of any gaatder shall inr]trde all geudera,
<br />lYo-wair~ of any earMant herein or of the obligation soured herrby shall at any time thereafter be held.
<br />to- ha a waiter of she terms hereof or o[ the note eetwred hereby:
<br />9, In eomplianee with section 141.1 (d - of the Rules sad Regulatiotu oI the Smolt Business Administration {i3
<br />GF•R. IOA,~(d~ 1. tigs,itapanaasgt a tapbe-oara6rttcd and enforced in aecortlanee with applicable Fedora[ law.
<br />!U. A jtrdp:iai ~~, order, or jodtpneat holding any provision or portion of this irtatrutneat invalid of un-
<br />entoreuble ahwt-f not in any waf isopatr wr, praclnde the enfar~.otent of the rsntaining prvriaiorn or portions of
<br />titia-~,
<br />'M~ talc 1aY Iast~1 ~ ~ .''.
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