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Home My WebLink About2345 . . . ! •.f ~ ~ ~ Th~ tnortgaRor covenant~ aad Agreea that if ha ihall I~i~ to pay said indebtedneas or aay part thereo( when ~ due, or ehall Iail to pereosn~ any covenant or agreemeat of this itNtrunte~t ur tl~e promiesoty oote eecur~d hereby, the - entice indebtedneaa hereby secured shap immedi~tely beeotne due. p~yaLle, aud collectibl~ without notice. at the option of the mortgagee or aasigns. re~ardleas of maturity,ind the mortgagee or hia aesigne msy before or after entry ~ ~ell said property without apprsiaement Ithe mortgagor lutvinR waived and aEeiKned to 1he mortRap~ee all rights of appnisement) : ~ 1 at judicial eale •pun+uaat to the pmvesiona oE 28 U.S.C. 2001 ~ ur ( n) at t6e option ot the mort~aaee, either b~ auction or by solicitation o[ sealed bids, for ihe bi6hat and best bid complyina with the terms of sale and m~nner ot payment ~pecified in the pi:bliahed notice bf sale, fint giving Iour weeks' notice of the time. tern~s, and place o( such ualq~ ~a~~ At~ve~t meat not le,~s tl~an unce durlna each of said fow weeks in a new~p~per pnbliehed or distributed~ia-!~e couti~y in which eaid property is dtuated, all ot6u notice beia~ henby waived by the mottgagor (aad ~aid mortg~gee, or any person on be6~lE of said mort~aaee, may bid wlt6 the unpaid indebtcdneas evidenoed by aid note). Said saIe shall be held at or on the property to be wld or at the ~ederal, county, or~ ~o~ o~}e~e~je;adl~nty in which the property is located. The mortaasee is hereby authorised to_ e:ecute for ~d on ~iehalf o~f the mortga6or and to deliver to the purchaset at snch sale a euBicient conveyance of said prqp~st~, pH~ch.coa eyanee ehall contain recitaL as to the happenina of tLe default upon which the ezecution of the po~. o~ aale bereia aranted depends; and the said mortg~or hereby eonstitute~ and ~ppoinb the ~er4~iaee~or sery ti~nt os attorney of the mortgagce, the ag~:n: and attosney in fact of said mottgagor to mike euch recita~s and to execnte eaid coaveyaaee and hereby ~venants and aatees ~hat the recitals so made shall be efiectnal to bxr all equity or right o[ redeniption, homestead, dower, and all other exemptiona o[ the mort~;a~Cor, all o( which are hereb~ expreealy waived and conveyed to the motigagee; or (tll) lake any other ap~priate actioi~ pureuunt to ~tate or l~ederal ~tatute either in alale ur h~e~lrral court or othprwise [or the d'uposition oi the property. In the event of a eale as hereinbefore pmvided, the mortgagor or any peisons ia poeeeeaion uader the mort- gagor shall then become and be tenanta holding over and ahall forthwith deliver poeeeasioa to the purchaser a~ such sale or be eummarily diepoeeeseed, in accordance with the pmviaione of law applicable to tenan~e holding over. The powes and agency hereby granted are coupled with .an intereat and are irrevoeable by death nr otherrviae, and are granted aa cumulative to the reraediea for collection of eai~i indebtedneea prnvided b~ law. 4. The prooecds of any sale of aaid property in accordance with the preceding paragraphe shall be applied first to pay the coats and expeneea of said sale, the espenks incurred by themortgagee for the purpoae of pmtecting or main- taining eaid p=operty, and reaaonable attorneye' feee; eecondly, to pay d~e n~debtedne8a aecured hereby; an~l thirdly, to pay aap aurpTua or ezcees to the peraon or peraons legally entitled thereto. f ~ ~ i ~ S. In the event eaid prnperty is wld at a jndicial forecloaure sale or pursuant to the power of aale hereinabove ` granted, and the proceede are not eu~cient to pay the total indebtedneae eecured by this inetn~ment and e~idenced by ~ eaid promieeory aote, the mortg~gee will be entitled to a deficiency jad~nent for the amount of the dej~ciency without _ ~ resard to appraitement. - _ 6. In the event the mortgagor faile to pay an} Federal, state, or local tax aase8ameut, income tax or otl~er ta~ ' lien, charge, fee, or ot6er eapenae charged againet the property the mortgagee ie hereb~ authorized at hie option tu pay the eame. Any sums ao paid bv the mortgagee ahall be added to and become a part of the principal amount of tlic indebtedneas evidenced by eaid note, eubject to the eame ternoa and conditione. If the mortgagor ahall pay and diecharge the indebtednees evidenced by said promiaeory note, and shall pay euch euma and ehall discharge all taaea and liens and ihe coete, feee, and espenaes of making, enforcing„ and esecuting lhia mortgage, then this mortgage rhall be c,~wceled and eurre,ndered. 7. The covenante herean contained shali bind and the benefita xnd +~dvantage~s ehall inure lu the rrs~rCtive ~uc- ceaeora and aseigns of the partiea hereto. Whanever naed, tlie sinaular number shall include the plural, the plural the ~ eingular. and the use of any geader ehall inclnde all aeaden. ~ ~ 8. No waiver of any covenant herein or o[ the obligation eecured hereby ehall at any time therrai~er I~e held ~ to be a waiver of the terme hereof or of the note aecured hereb). ' . ' 9. A judicial decree, order, or judgment holding any ~?rovision ur ~urtion of thiu iu~trun~ent invalid ur ~Keu- ' Eorceable ehall not in any way impair or preclude the enforcement of the remainin~; proviEio~E or portions of thic ~ inetrument. 10. Anr written notice to be i~su~l to the mortgegor pursuant w the provieions ot thi~ i~strnisex~t, ahaN be- ad- , • dreeeed to th~ mortaaRor at and any written notice to be issued to the mortgagee ~hall t?~ addreased to the mortgagee at ~ ao~ 232 P~~~ ~ ~ . - - - - - - ~ ~ ~s ~ ~ ~ - . _ ~ ~5„~ z ~ ~r~ „x... _