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3. The mortgagor coveaants and ag~ that it he sh~t tail to ~~'siid iadebtedaeea or an~ part the~eof whea
;~ue, or ahall fail to periorm aay covenaut or agreemeat of tlw instrumet~t ur the prdmi~sory aote ~erurr.d hereby. the
endre indebtednw 6enby eecured ehall immediately beaoine due, payaLle, ~uid collectible wlthout notice. at the
Qption oi the mort~age~ oj aesiana, regardlea of maturity, ind the mortgagee or hia assigas may beEore ot after eatry
~ell said pmperty without appraisement 1 the mottaa~or lu~vin~ walYE1~ A[If~ a~siKned to. the mort~taRee all ri~ht~ of
appraisement) : : • . .
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( at judicial eale •purauant to the proviaia~ts of 28 U.S.C. 2p01 1 w 1; ur ~
(~t)~ at the option of the mortaa~ee, either b~ auction or b~ solicitation of ~ealed bid~, for the hi6he~t and
beat bid complyin6 with the terms of sale and manner of payment ~pecified in the publiihed aotice of sale, Snt
giving four weeks' notice of the time, tern~s, aad place o[ such sate, by adve~tiremeat not leMC tl~an unce
dnrina each of eaid fonr weeks ia ~ newspaper pnblished or di~tributed in tLe oonnty in which said property
ia dtnated, aU other notice bein6 hereby w~ived br th~~q~~~d ..id moria~ge.~, or any pereon on
behalt of eaid mortga~ee, may bid with the ubpaid ind ~Tte$dee~ eaoed by ~aid note). Said ule shall be
~ held at or on the property to be ~old or at the Fedenl. oount~, or city ooartbonse for the county in w6ich the
property ia located T6e mort~a~ee u~a~9~i~~q~~to pa~ecnte for and on behalf of the mortga6or ~ad to
deliver to the pnrc6aser at ~ac6 sal~a s ear ooarll ~l~•oi ~aid psoperty, which conveyance ~hall oontain
recitala a~ to the happenina of thn ddaalt upos. ~drther ~eoution of . the power of sale henin aranted
depends; and t6e said mort6agor henby ob~titote~ a~td ~poin4 ths mortaagce or any aaeat or attotaey of the
mortgagee, the a~at and attorney in _ fict ot ~ii~d .`mo~tga~ii to make snch rccitaL and to racecute eaid
coaveyanoe and hereby covenaata and a~e~ee~ ~that the tbcitaL ao made shall be egectw?1 to bu all equity or
right of redemption, homestead, dower. aad all other exemptione of the mort~aRor, ~11 oi which ~re hereby
expi'eaal~ waived and conveyed to the mott~gee; or
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(ut) take any other appropriate action pureuant to~t~t~te ~~r !'ddera! ut~tute ~eitlier in etate ur h'e~leral
court or othprwiae tor the disposiuon oi the property.
In the eveat of a sale sa hereinbefon provided, the mortaaaor or aaj• persons ia po~eesiio~a uader the mort-
gagor s6~?li then become ~nd be teaaats holdin6 over ~nd shall forihwith deliver poeseasion to the purehaeer a~
such eale or be anmmarily diapoeseased, in aceord~nce with the proviaiona of law applicable to tenanta holdin~t over.
The power and ageney hereby granted are conpled with an interest and are imvocable by ~leath or othenviee, anci ~
are 6ranted aa cnmulative to the remediea for oollection of said indehtedneas provided bv iaw.
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4. T6e prooeeds of any sale of said properq in aoeordao~oe wit6 the preceding paragraphe shall be applied first
to pay the owts aad ezpen~a of ~aid s~k, the e:peo~e~ incurred by the mo~ee for the purpae of protecting or main-
taining eaid pmperiy, and reasonable attomeya' fee~; eecondly, to pty the.iudebtedneee secuced hereb~•; ancl thirdly,
to pay any aurplus or eiceas to Lhe person or pereow legally_ entitled therelo. _
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5. In t6e event aaid property is ~old at a jndicial forecloaure eale or pursuant to the power of sale hereinabove
granted, and the proaeeds are not su~icient to pay the total indebtedneee eecured by this inatrument and evideaced by
esid prnmiewry note, the. mortgagee wi11 be entitkd to a deSciency jud~ment for the amotwt o[ the de~ciency without ~
re~r+d to sPPr~t• ~
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6. In the event the mortgagor fail6 to pay any Federal, atate, or lceal taY aaeieesemeut, income tax or other ta~ !
lien, charge, fee, or other e~cpenae charged againat the property the mortgagee ie hereby authorized at his option tu `
pay the same. Any euma eo paid by the mortgagee ehall be added to and become a part of the principal amoi~nt of tlic ~
indebtedne~,s evidenced by eaid note, snbject to the eame tetma and conditioas. If the mortgagor s6a11 pay and '
diacharge the indebtednees evidenced by ~aid promiasory note, and ahall pay anch snma and a6all discharge all ~
tazea and liena and the coste, fees, and espensee of a?aking, enforcing, and ezecuting this mortgage, then ttus mortgage ;
~hall be cu~aeled and surrandered. ~
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The covenanta herein contained ehall bind and the benefita and edvantagea eball inure tu the rr~prctive riuc- ~
ceasors and usians of the partiee herato. phene.wer n~ed, the sinaular number ahall include the plnnl, the ptural the ,
sia~alar, and the nee of aay aeader shall inclnde all aenden. ~
8. No waiver of any covenant herein or uf the obligation eecureJ hereby e}wll at any time thereafter be held !
to be a waiver of the tecma hereof or of the note aecured hereby. ;
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; 9. A jndicial decree, order, or judgment holding any provision or purtiou of this iu~trument invaGJ ur uucu• ~
~ forceable ahall not in any way impair or preclude the enforcement of ihe remaining ~~roviEione or ~?ortion6 of thia ~
` inetrumen~
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10. ,Any writtw notice to be isenal to the mort~agor purwaot to the pr~ovisioa~ of tLi~ in~rameat shall be ad- ;
' dreaeed to t}~~ mort~aqor at
i . and any wtitten notice to be ieeued to the mortgagce ehall
i be addressed to the mottgagee at
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' 80~~ 243 e~E 111
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