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Home My WebLink About1097 • v 3 ti: - ~ ~ ~ • 3 ~ ~ ~ 1~j js: {~,a 3. Ti~e mortgagur co~~rnantr an~l u~cre~e that if he yhull Iail ?o pay rai+t iu~lrbt~•dur.r ~?r :~n~ Nart tl~er~oi a•Iicn due, or ehal) ieil to perform au~ covr~~ant or aK~eement of this inetrunu•nt ur tl~e pru~ui~.~u?r~ notr ~+ecured hereb~•, the entire indebtedne~a hereb~~ aecured ahali i~nmediately becorue due, pu~~able, und call~ctible without notice, at the option oi the mortgagee or aaaiKna, resKardleaa of n~aturity, uud the mortKuK~~e or hi. ua~:iKn~ n~a~• before or aftPr entry aeli eaid property without app~aiae~uPat 1 the mortgakor havinR wai~~ed .uul u~+~+iKi~~~~! to the mort~a~eP ull riRhte of appraisement) : 1 ~ 1 at ju~icial xale punsuaut to tl~e ~?rovi~+iuns of 28 U.S.I:. ~l1Ul 1: ur (u ) at the optioa o[ the mortga6ee, either bq auctioa or by solicitation of aealed bida, for the highest and beet bid complyina with the terms of sale and manner o[ pa~•ment apeci6ed in the published notice of sale, 6rst ~iving four weeks' notice of the time. ternih and plarr ot ~:uch ralr, 1» . a~I~ rrti+rmenl not te~:~: ll~an u~~c~• durin6 each of eaid four weeka i+n a newspaper publiahed or dietributed in the county in which eaid property ia situated, all other notice being hereby waived by the mortgagor (and aaid mortgagee, or any persoa on behal[ o! said mortgagee, tnay bid with the uapaid in~e~bt~dnese ,e~~idenced by eaid note). Said aale ahall be held at or on the property to be sold or at the Federa~;~cot~h~y,ot•city courthouse for the couaty in which the pmperty is located. The mortgagee is hereby authorir.ed to ezeeute for and on behaif of the mort~agor and to deliver to the purchaser at such aale a aul~icient conveyance of said property, which conveyance ehall coatain recitala aa to the happening of the detault u n which ihe eYecution of the power of eale herein granted depeads; and the aaid mortgagor hereby ~it~tea ~n~~p~~g~~he mortgagee or any agent or attoraey ot the mortgagee, the a~nt and attorney in fact of said mort a or to make auch recitala and to execute daid coaveyanoe sad hereby cavenutta ~d agreeb that the~7rect~eo made shall be eHectual to bar all equity or right of redemption, l~on~eatea~l, duwer, and #~Il otlier exetl~plione of the murl~aKur, al) of ~~hi~•h art• h~r~l?~ expreesly waived and con~•e}•ed to the mort~gee ~ or i" 1t~~1 take auy other appro~?riatc aetiou ~~urauant to ~ta1~• ur F'~•d.•rul :talutr ~•i~hrr i~~ -tat~• F~•~i~•r:?i court or othPrwise for tl~e dispor~i~ion o( the propert~~. In ihe event of a ea[e ae hereinbefore pmvided, t$e mortgagor or aay pe~one in poseeasion under the mort- gagor ehail then become and be tenants holdin~ o~~er and shaU torthwith deliver posae~neon to the purchaser at such sale or be eummarily dispoeaessed, in acconlance ~.ith the provisiona o[ laM applicable to tenantr Iwl~linK o~•er. The power ared agenc~• hereby ~;ranted are coapled Nith an intereat and are irre~~ocable bv ~lrath or uth~rN•i~e, :~nd are granted aa cumulative to tl~e remedies [or collection oi ~aid indebtedne~ provided bj- law. 4. The proceede of any sale of said property in accordance with the preceding paragraphs ehall be applied 6ret to pay the costa and ezpenees oE said aale, the ezpensea incurred b~ the mortgagee for the purpoee of protecting or main- taiuing said property, and reasonable attorneys' feea; secoadly, to pry tt~e indehtedneas secured hereb~ : an~l thir~ll}-, to ~a} -any aurplus or eacesa to the peraon or persons legally endded thereto. S. Ia the event eaid property ia eold at a judicial foreclosure aale or purauant to the power of aale hereinabove granted. and tke proceeda are not eufficient to pay the total indebtedness eecured b~ thie inetrument and evidenced by ~aid promiesory note, the mortgagee will be eatitled to a deficiency judgrnent for the amount of the deficiency without regard to appraisement. 6. ln the event the mortga~or (ails to pa~- an}- Federal, rtate, or local tax a~esameut, it~come tax or olher ia~ licn, charge, fee, or other expenae charged againat tl~e propert~ the mortgagee ir herebs~ authorized at his oEition tu pa} the eame. Any euma so paid by the mort~agee sha11 be added to and beeome a part of Ihe principal amonnt o( the indebtedneas evidenced b} aaid note, eubjeci to the same terme and conditiona. If 1he mottgagor ehall pay and ` discharge the indebtedness evidencecl by eaid promieaory note, and shall pay euch aums and ahall diacharge all taxea and liens and the casta, feee, and e:penses of making, eaforcing, and executing this mortgage, then thie mortgage ahall be canceled and eurrendered. i. The rovenants herein coutaineJ ai~all bind and the benefits and :~J~antagea Khall inure ~u th~ rr.~~r~•ti.r ~uc- ceseora and aasigna of the pariiea hereto. Whenever ueed, the singular number shal) inciude t6e plUral, the p~ural the si~gular, and the uae of any gender shall include all gendere. ~ 8. \o waiver of an~ covenant hetein or uf the obliRatiou :,ecurrd hereb~ ~hall at :u~~ ~imt• tl~rrraft~•r ix• tu~lil ~ ~o be a Maicer of the terniR hereuf or of the note ~ecared hereh~. 9. A judicial decree, order, or judgment I~oldin~ au~~ provieion or ~?ortim~ of tl~i. iustrument im utid or unc~n- forceable shall not in an~• Na~ impair or preclude the enforcement of the remainin~? proviFion~ or portionF of thi~ inetrument. ~ 10. Any written notiee to be ieeued to ihe mort~tagor pureuant to the provieione of thie inetrument shall be ad- ; dreaeed to the mortgagor at ; and any written nodce to be issued to the mortgagee shall be addreaeed to the mortgagee at F^~K PA~E~VJ l SBA F~re ~t~ (1~-Tl) - s ~ ~ w ~ ~~~b xn ~ . . _rs'. ~ _ ` -"v > 4s . ~ _ . s -=z: ~