81003405 - Laserfiche WebLink

Browse

r 8I--1)0340 3. The tnortgagsr tovenaatr sad agree that if he shall fail to pay said indebtedness or any part thee!eof. ivtttia dtte, or shalt fail to perform any covcaiant or agreement of this ittstrament or the promissory note seeueed here3q. the=- eaRire iadebtedttees hereby setatred shall immediately become due, payabk, sad eotlectible without notice, at rhea. opifoa of the mortgagee or asaigtu4 regardkr of masurity, and fife mortgagee or his sesigm maq before or afteratkq sal s$id ps+aperty without appraiatment fthe mortgagor having waived snd assigned to the mortgagee all.ri~lijtt"ef' apprafaemeat) : 1 t} at jndieiai ask purwant to the proviaione of S8 U.S.C 21101(x) : or (tt) at the optics of the mortgagee either bq atruioa or by solxlgtioa of sealed bids.'f~ flea tWd heat bid twmpigiag with the testa of ask aed maaaer of pagtsaat specified is the published tactics ad aitla, fieit giving four weeps' notice of the time, terms, and place of snch uk, by adrrrtisement sot kw t]lifq once- dariag each of said four weeks in a ttewrpaper pttbluhed or diatrilwted is the county in which said pitopeetq is situated, aN otb« notice heittg hereby waived by the mortgagor (and said mort6apee, or anq p-ea behalf of said ~ga6m+ may bid with the tmpaid iatkbtedaps evidcrosd by acid new): Said sale ideal} hs held at or oa the property to be cold or at the Federal, county. oe city conrthoasa for the crnmty it whkh the property is located. The mortgage is hereby authorised to eaentte for and oa behalf of the mortgagee sad to delis"ar to the pnrehas« at such oak a suf5eieat conveyance of aid property, which eeavegatae shall corgis eottitds m m the happeain6 of the detanlt span which the ezecntion of the power of sak herein graded dasrwri~~ .~.t at.. •~ _ ' ~ .. apptuats [ mortgagee or anq agaat or attorney of the mortgagee, the agent and attoracq in fact of said mortgagor to teaks atteh reeitak and to ezee:nte acid tweveyatsa sad hereby eoveaaata and agrees that the recitals ao made shall be efeetua! to bar all etpaity ~ right of redemption, homestead, dower, a~ all ether exe!mptio~s of the mortgagor, all of which era hereby eapesssiy waived sad c~veged to the mortgagee; or feet} tape env other appropriate action patwsnt to state or Fedc.al stature either in state or Federal court or otherwise for the disposition of the property. Ia the treat of a uk as hereinabove provided, the mortgagor or any person itt possession ender the mortgagor shall then become and be tettanu holding av« sad shall forHrith deliver possesion to the purchaser at sadt a.k or be entatmarily disparared, in aceordaaa with the ptorisiaats of taw applieabte to trnants holding over. The power sad ageaey hereby granted ace coupled with an interest and art irrevocable 6y death or otherwise, and are granted u camalative to the remedies for eoiketioo of acid indebtedness provided by law. L The ptreeeds ef.aaq sale ei.rud FcrsFarts im a«ordaaoe with the Prtadia6 ParsgraPfaa alai} be applied first to pal the taw sad ttcp~ of {aid - inerarred bq the far the taiaia , surd n •~ ~` ;ts r _ ~ ~5a6e pnrPom of proeeetiag ortaeaita• g PrnPe &..?s~~.a ". serondiy, w pay the indebtedness secured hereby: and thirdly, to pay fay sarphu or esaas to the person or persona legally rwtitied thereto. k. is tie ewm said peopertq i. sole at a judicial foreeketsre oak or passant to the power o[ oak h«eiaabore tl. stud tie proceeds wee not ntieieat to pay the total indebtedness reenred by this iaKea~t and es'idenamd bq said ptrsatisasey nose. tie mortgagee will be wtitled to a defieieacy judgtstmt for the aasouat ottee deFeieaey toir/tesrt r~ ~ ~- 6. la the event iht mortgagor fails to pay say Federal. state, or local tax assessment. iaeomt tax or other tax lien, rbarge, fee, or other expense charged against the property, the mortgage is hereby authorised at his option W pay d1°'~°' ABy ""~` °° P~ ~ the ~ shut fie added to and become a pan of the principal amount of the iadtlttedttesa evidenced by said note, subject w the .seas terns seed cottditioru. If the mortgagor shall pay acrd discharge the indebtedness evidenecvl by said praotiasorr sole, and shalt pay such sums and shat) discharge all tarts acrd liens and the coats, fees, and r:pwws of making, enforeirtg, sad exceuting this mortgage, then this mortgtgt sbttlt he eatoekd-and surrendered. 7. The eovmanis herein caetaiacd mail bind and the benefits sad advantages shall inert to the reapetire aua eeaseea sad assytaa of tie parties h«tto.1<theaev« need. the seagttlar nueabcr abaU include the plural, the plan} tie aettpkt sad tie tree of anq gaad« shall iaehsde all g~dms. 8. 11ia wuv« of soy covenant hereut or d the obligatim aeenmd hereby shat! at say effuse Hereafter be held dr ba a wa%s~r of tie tertra hereof. or o[ the sae aeeated hereby. 9 Za oowpliante +r+dt asctiaa 101.1(4) of the Rnka and Regukti~a of the Saaail Baaiaess Adtwiaiatratioa [13 u C.F.R. IBI.l {d) ). ells iastrameat it m be toastraed and enforced in aeeordaeee with applieabk Federal kw. 30, A -jodiieiaf daeraa, ord«, or jad~aeat ioidia6 fay Previa+oa or +teLvrcmailie smell sot is tut wa portion of Chia itrtrumeat invalid or ua. ~, y y impair or psaclsaie tic cafarasoaa/ o[ the rernaiaiag provisions ar portions of tats r....rr ta-rar