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<br />81=-UC~~3s~ <br />3, The ter eaveasnta and agt+an tote if be shall -fail to pay acid indebtedner or say part thereof when <br />dq# or +4aD fail to perform say cotenant or agree[aertt oCtbk iaatrumeat or rhea promissory note secured hereby, the <br />etiY~c in[bbtedneaa hereby secured sfiall imrttedutely beeatta doe, Payable, and rallectible without notice, at the <br />aNtlan-sf the mortgagee or-assigns, regardless of maturity, and the mortgagee or his assigm may before tes• after etatr~ <br />ae~'ssid property wirbbat-ap~niacment itbe mangagor having waived sail assigned to the mortgagee aN-rids <br />Wit): - <br />f I 1 at judicial salt pursuant to [fie provitaiona of 21t U.S,C 2([011 a) ; or <br />(u l at tbs option of the ma~rt~, tither by asat:tiae or by aofaeitation of sealed bide,Yatt thtt met ctrl <br />beat bid cotoplyins witb the termr of ads soil matmer o[ payment specified in the pttblishad aatieaof taaMr$1"utt <br />giving fear weeks' notice of the time, terms. and place of attcfi sale, by advertisement ttaR leas th+a awes <br />daring Lath of said foar weeks in m newspaper published or diatribated is the coanty in which atid.psaparty <br />r aimed. all orbs unties beia6 lttteby waited by the tsoetga6o: !sad acid mortaa~ee, ~ arty patnw tea <br />betksN of said mortaases. may bid witFt the mtpaid indebtedness evidateed by acid note). Said-ads airl[ be <br />hshf at or oe ehc property to be sold ar at the Federal, counts, or city courtleouae for the cmmq io whiel:`t6e <br />property 'v betted. Tot mortR+IVi~ to hereby authorised to execate for and on behaU of elm tnortga~ sail to <br />denser to the purchaser at such ask a suP~cient tnnveyaaee of acid property, which coavganee shall eaNat• <br />recitals a. ro the happening of the defaaf[ upon which the execution of the power of tab herein getMad <br />depaetds: sad the acid mortgagor hereby conatitntaa and appoiad the mortgagee or any asmt or attorney aE~6e <br />ssefdagee, the sheet sad attorney in fact of acid mortgagor to make ouch rseiuls sad tai tsewte uid <br />eonvgance tad hereby eovetaad and agrees that the reeita4 so made ahaU 6c e[setual to bar aD equity ax <br />right of redemption, hoa[eaMad. dower, and all other rxemptione of the mortgagor, all of which-arc hereby <br />ezprtssiy waived sail conveyed to the mortgagee: or <br />fi ut1 take ear ether appropriate action pursuant [o state or Federal etttute eitbcr in state or Federal <br />court of otherwise far [he disposition d flu proprrty- <br />la the event of a sale as hcreinabove provided, the mortgagor or say person in possession under ffie mortgagor shill <br />then bec~te and be teased holding over end shall forthwith deriver posscasion [o the purchaser at each axle or be <br />atemmarily diapoaarsaed, in :ecordaare with- the provisions of law applicable to teaand holding over. The power <br />sail agency hereby leraoted arc catepkd with -,a intered and art irrevocable-by-death or other rue; sail ar_e Brasted <br />a eumabeivc to the remniirs for coilaetian of stir! icradebtedncss provided by Iaw. <br />~ The pwaoeeds of any ask of raid property is aeeordaaar with the preeediag, pnragrapbt sball appbed first <br />to pay the caste sail eapawsea d said ask, the eaperraa inenmd br [fie mortg:gee [or-flee ptirpesae of pen or taa~ <br />tamiutg raid property, sad ressonablc sttorrtevs' free: seeoadly, to pay the ittdebtedttess secured hereby: and thirdly <br />to par awy surgia or extras u the person ar pcrsosu {egalh entitled thereto. <br />5. la tbs event acid property w add of a judicial fereebaure sob or pacauant to the power of wb hessisabrss <br />granted, sad the psoeeeds are not etd~citaat to pay the told indrbtedne.a aeeared by thin instraaseat aed evidenced by <br />said pteairary note, tot mortgagee will be emitkd to + de&cienty jt[d~sem for the atstennt of the deFcieaey tatltasnt <br />~~- <br />fa, in the event the atortgagar fella to pay any Federal, start, ar local ta: asaatement. income tat w other tax lien. <br />charge, fes, w other rx}rt~mie eltargud araiaat the plOplrtse the mang:gee is 6trtby suthorim[I st his option to pay <br />the asses, Any lama ao paw ley the mortgagee shall be added to sad bceoate a part of the prinaipai amount of tot <br />indebrtdaas evedeneed by acid note, subject to the ,tame recurs and cooditioaa. Cf the taortg:gor shall pay sail <br />dwobst~e the iadebtedaeas rvideneed by said promissory trove, amt shill pry sorb sums and shall discharge all taxes <br />sad tiaras tad flee toga, fees, sad expenses of tasking, enteteiag, and a:scoring this mortgage, rhea Chia teortgagc <br />sbdf fill sawodtad sled ~raadered. <br />?. Tito: eotaesumte eaatstaiated aball bind sad the benefits sail advaotaltes abdf inure to the rspeattre sno- <br />eeweaattd aaaS~uaof rite pertiaa besets ~Pbenever need, file aiagubt camber shall iaehde the pbtrel, the phnri ~ <br />afyaisr. sail ebs seta of oay'aaiar shall facrirde aq gaaiua <br />1"fb wailer of any eaateaut hansirt or of the obliaatiaut seesued heresy ~tI1 at .say time-tbeteafter'6e' behf <br />to be a truver of ~a faafae baeeof ar of the ante aaeared hereby. <br />Itt Boat wide aaatiaa 101.1 f d } of the Ralea sad Regulauirarr of eb~ Basalt 8nr`nsaa Ai~iatesttiart [ u <br />C,#;$.11>f:-lfi- ). foie itttltrettwt it ter M aerwatsd and eadsaexd iw-taeeraedaate witb spplkebie Fedonl law. <br />~. A 3tsdktlai deta+rb crawler, ar jadpaut fio{iGslt say proriaion or paasdoa oC this i[aptuettat invalid or tna <br />sttioMesoifo Jt+f1°ae~ ~ trey wny - ax prteitsde sbe ~ at fire rarer prosiaiena m paatioaa of <br />xr :., <br />