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Home My WebLink About2351 ~ • . i c ~ ~ .J L.'~ 3. The mnrtgaRor covenauts And agreea th~t if he ~h~li [ail to pay ~id indebtednees or eny ~?art thereof when tl~ie. or shall (eil to pereo~rn any covenant or agreement of t~i~ iastrumcnt ur tl~e prontiaeor~~ note tecurr.d hereby, the eatire indebtedneaa hereby aecured ehal) immediately beeo~me due. payaLle, aud eollectihl~ without notice, at the ~ptiop oI the mortgagoe or assigns. cegardlees oE maturity, ~nd the mortgagee or his aeaigne may before or after entry sell said pmperty without appreieement Ithe mortgaRor havinR waived an~i aasiKne~i to tl~e mortRaRee ~p ripthts of appraiaement 1: - I at judicial aale •puniuant to the pmvisiotu of 28 U.S.C. 2U01 1; ur (it) at the option of the mort6aaee, either b~ auction or by eolicitation of sealed bida, for the highest and best bid complying with the terms of eale and manaer of payment specified in the publisl~ed notice of aale, first qiving four weeks notice o[ the time. tern~a, ~nd place o( such uale, by aJverti~emenl not IeKe tl~an unc~ durina each ot said fonr ~reelu ia a newspapee pnblished or distributed in the connty in rrhich ~id propetty i~ situated, all ot6er notice being h~ereby waived by the mortgagor (and said mortga6ee, or any person on beh:lf ot eaid mortaa6e~e, may bid with the nnpaid indebtedneas evidenced by said note).. Said sale ahall be held at or on the property to be aold or at the Federaj, county, or cily courthouse for the county in which the proper?y is located. The mortgagee ia hereby authorised to eiecute for and on behalf of the mortgagor and to deliver to t6e purchaser at such sale a~ufficient canveyance of aaid prnperty, which conveyance shall contain recitals ~us to the happening of the default upoa which the execution of the power of sale herein granted depends; and the said mortgagor hereby constitntee and appoints thc mortgagee or any agent or attorney ef the mort~agee, the a~nt and attorney in fact of said mortgagor to make such recitals and to s:ecute said conveyanoe and hereb~ coveaants and aarees .that the ncitals eo made shall be effectual to bar all equity or right of redemption, l~omeatead, dower. and all other exemptione o[ the mortRa~tor, all of which Hre hereh~ expreasl~ waived and conveyed to the mortgagee; or (tu1 take any other uppropriate action pureu~ent to ~talc ur ~'e~lerai ~tatutr either iu etatr ur Federal court or othprwiae for the disgosition oi the propert~•. In the event of a sale as hereinbetore pmvided, the mortgagor or any pets~ons in poeseeaion nader the mort- gagor ehall then become and be tenante holding over and bhall forthwith deliver podeeaeion to the purchaee~ at such sale or be eummarily diepoeaeeeed, in accordance with the pmviaiona of law applicable to teaantR holdin~ over. The power and agency hereby granted are coupled with an intereat and are irrevceable bv death or othenriEe, and are granted ae cumutative to the remediea for collection of aai~l indebtedneaa provided b~ 1aM. 4. Tbe proceeds of any sale of aaid property in accordance with the preceain8 paragrapha shall be applied 6rst to pay the coab and ezpenaea of said sale, the e~cpeasee incurred by the mortgagee for the purpoae of protecting or main- i taining esid property, and reasonable attorneys' fees; secondly, to pay die indebtedneea aecured hereb?~; and thirdiy, ~ to pay any aurplus or ea~ceas to the pereon or pereona legally entitled thereto. i , ~ ~ S. In the event said property is eold at a judicial forecloaure sale or pureuant tu the power of sak heninebove f granted, and the proceeda are not su~cient to pay the total indebtednesa eecured 6y thie inatrument and evidenced by = j aaid promiesory note. the mortgagee will be entided to a deficiency judgment for the amount of the deficiency without ~ ` regard to epprsiaement. ~ Et - ! " ~ 6. In the event the morigagor faile to pa} an~ Federal, atate, or lceal tax a~eaame~ inebnie, tax or other ta~ ~ ~ 1ien, charge, fee, or other expenae charged agxinet the property the mortgagee ia hereby authorired at his option to ~ ~ pay the same. Any eums so paid by the mortgagee ehall be added to and become a part of the principa) amount of tiic ~ ~ indebtedneas evidenced by eaid note, eubject to the eame terme and conditione~}~~ t~ mo~rt~a}~'ah~ pay and ~ diacbarge the indebtednees evidenced by aaid promiaeory note, and ehall pay euch aums and s6all discharge all ~ ta=ee and liens and the coete, ieea, and exQensen of making, enforcing, and ezecuting thia mortgage, tLen this mortgage ~ o6all be canceled and earrendered. . . ~ : . ~ 7. The covenante herein contained ehall bind and the benefita and advantages ~l~all inure tu the rraprctive suc- ; ceeeore and aasigne of the pariies hereto. Whenever wed, the eingular number ~hall include the plnral, the plnral the singular, and thc vae of anp geader shall inclade aU genders. ' 8. No waiver of any covenant herein or uf the obligation ~ecured hereb~ Rhall at an~ lime ti~erraFler Ue hel~l ~ to be a waiver of the terme hereof or of the note aecured hereby. ~ ~ 9.""A jndicial decree, order, or judgment holding any ~?rovieion ur purtion uf this iu~lrument invalid ur wu;u- ~ forceable ahall not in any way impair or preciude the enforcement of the remainin~ pro~~iaione or ~?ortionE of thia ~ ¢ inetrument. " ~ ~ 10. Any ~rritten notice to be iseued to the mort~+~gor puranant w the prnvisiona oi this insunm~nt-~hall~fie id- ; ~ dreeeed to th~ mortgaRor at " ~ and any Mrritten notice to be ieened to the ir.ortgagee shall ~ be addreaeed to the mortgegee at ~ ~ ~ ~ ~C(~~K Pltlf Z3~ " ~ ~ ~ ~ ~ ~,e . y? t ~1 ~ -.r , z~ ~g~.~ : , F '-7:v~ ~ .K~~ ~i" a.~` "x,-2~- - t- ''-~r`~~~ ~~r~ `•}"-y~.:2` -.'~'..~-5 _ rc•m~"~'~~•,^~"" -~'~;r~'~"'a` i ~,'c~~.s - ~ ~ .u~ :s' ~~'~z?~._., = s , .~'_e , ~'~,::.'t~""~~;_..:~ :~~y~'~'~°~~'~~~,~'~ s",,~~ v_ _"~'~J~.*~ ~ ,~,>.~~~e., 3'~°~~-~v~ ~e ` ~ .,R.s _.h~.....r.F s..-~ . _s,. 1,...., ,._sy~,_._., .~..~r_ ,..~,cr, ~ . ~,e^~~ ~:'~"r~~~ . -a~~~___