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until lolu, onJ mUI I~II ond di~il 0; laid propert)' at r.ub1k QUction olior giving ot
ItKbl th.08 (3) day~ nOlice 01 Ihe lim., ond ploce of soie in tl~e mOflr'e1' p'o"ld~,d by law
(or H hrwful, 01 privole lole IJp<lr1 Ij~,e notice Or without any nOlico) (\( may P\l1),ue ony
other lawful rOO'ledy "-,,, the fOlctlOiure! Of lpecjfic petfo.-mOlnce of thi. mortgt.l\{ti Of l'lle
of th" mOl't~-d prop"rty; and out of th6 fXocoe-dJ of ony Iud, lole may pay 01/ ~OItl,
ex~nl~ and "horQM for pvlll...ing, leOlching for, toking, ramoving, kHpinU, ItOfing,
odvertisirtg and s1'!lling luch mortgaged property, t~6thCJ with reasonable ottorneys'
fefil, rmd r"~Jin out of rho pwcee.:h of suIt! the amounl l1npaid on the lrr~obtodnou Of
olher lvm~ hereby lecured, Mortgog-ee ~hull hove the right to J>Vrcht'.lut property 01
;oid H;lle en if (] "rong~r .
The m()(lg~~e, its wcceuon and O'S1igfl~, ,hail ha.,o no claim Of right
of 0c!100 to p4'oc".,d oguir\jt tht' Mortgogor ror ony dcfid@fH:Y Of fOf ony arller IVfT!
owing h)( the indebreJneu Of the IOOH.' indebl~I)e-H except such 01 sholi be sotisfj~d
only horn the oformoid pfOf.~rty (provided, I101h;(l0 herein sholl b" cOnltrued 0'
imp<JirjllQ the right of mortgagee to proceed oguin" the lels~e in any manner permi,-
soble), Th6 holder of the note Ulcure<J by thi. cha!l~1 modgoge htu waived and
rele<ntd th" p-tlflOflol lioLility of mOltgogo: fO! poymMts due 00 wid note and hill
oor(lt'd to look solcly to dghh aeCluing ogoinst I"SitHI by virtue of the ouig",,,ent of
the l~isOt"s intorest in the 16<.ue ond th(l properly mortgaged herevnd~r iOf the payment
of >>aid not." Fuilvre of the mClftgooee to 6)(8f-=;S8 any right Of ptivill'Q{} or the Bfont-
lno of any indu/gw<:)' to the mo.-tgogo; Of I~ue.. ,ho II not be df'emcd 0 woi VCf of ony
right Of f)fivilC945 gronted mOftgoge6,
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Default payments and JU(ni od,,'once<i by the mortgagoe sholl, frOO"! the
dute of deio,,jt, Of od...once, boo, intElfeit ot the nlOximllm logol rote provide<J by !c,......
/l;'Y pro..i~!on of Ihis chc:Hel fOOflgogtl prohibited by the low of any stote
where the proviliom Of enforcement ther60l orf.! opplicobl6 ,holl, us 10 said stot!', be
ineHective ooly 10 the ext6flt of ~uch prohibi tion wi thoul irwolidoting the r~injflg
pl'ovi,ionJ of ,hii tt)Oflgoge, Aii righl'l ood HWl1~Jiel here<Jf Qf~ cvmuiotivc,
Till. cholfol tn01fgogc .holl bind nwrlouUOf f itt .vcc.eUC'fJ unJ O$iigm,
and inure to the benefit of mortgogeo, its lUCCMS()(\ and ol-Sigm
I~ WITNE~S WHEREOF, the; la~d Moc~~ 1'tOi heTevn!o covscd these
p1ff1enh to be Signed by ih Q't'flerol portner thu th dayof May
1961 - --
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NATION'NIOE LEASING COMPANY
A Umi ted Pcrtnership
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