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Home My WebLink About1764 , ,,i • ..Y r ` • ~ ~ i . ` 3. The mort6aao~ corenaats aad aRrea that ii he shall f~il to pay said indebtednea or a~F part thereo[ when due. or shall fail to perforn~ ~ny ooveaaot or asreement of thi~ uutruaieat or the prnmiesory ~ote ~ecuted herebr, the cntire indebtednas ~ hee~eby ~ecured shall immediately become due, p~yable. and collectible without aoHce~ the optioa o~ the mort6aaee or a~siRaa. re~~rdieaa of maturity~ wd the mort~a6ee or his awi~ns may bsfore or after eatry ~ell s~id pro~ertY ~?ithout ~ppraisemeat (the mort~a6or havi~~ waived aad ~asi~ned to the mu~t~~ee ~11 ri6hts ot , apprai~emeAtl : ~ ( at judicial ~ale punuant to the provi~iotu ot 28 U.S.C. 2001( a); or ( tt ) at tba optioa of tbe u~ort6aseie, ehher b~ auction or br wlieit~tion of ~e~ed bid~, toc the ~hut ~nd bat bid oompl~ with the=enns of ~ale and manner of pa~t spep~'ied in tLe pub~i~hed aotiae of ~a1e, Sest givins [our weeks' aotioe oI the time, term~. and pl~ee of such s~le, b~ adverti~emeat not le~a t6an. onoe ~ during cach of said fonr Mreeks ia ~ neMrspaper published or diatributed in the ooanty in which said pcoperty is utwted, aU other aotioe bei~ lierebr waired b~ the mort~avr .(~ed. ~aid mort~ee. or aar penon an be6alt of said aartaaaee, ma~ bid with the mpaid indebtedaie~i e~?ideooad~br ~aid note): Said-iale s6a11 be held at or on the propert~ to be wtd or at the Fcderal, conntY, or citp oourthowe for the connt~ in whie6 the propeetr i~ located. T6e a~ort~,saee is:6er~r aat}wrised to ~ecnte ;fo: apd oa.l~ehalt of the mortaaaor and to deliver to tbe purcha~er at suc6 ~ale a wl6cient oonveymoe of said propertr, whicL oon~qanoe s6a11 oonaia reeitsL ~s to.. tb~e happatiaa ot. tl~e d~aalt npon ~rhich . t6e . eueatian of , tbe pw~sr •et ssls ~h~is ~ranted . depea~~; ~ the s~id _~nortas~or. h~r oonaitota aad appojat~ tl~s moet~e~-ot ar~ a~eat oe attorae~ of t6e ao~o. tl~e -~eat and. attomej? ia facf of ~aid ~ inortaa6or to ma1~e snc~~ recitab an~ to ~te wid conrey~aoe_ aad bet+ebr -eoreaiat~ snd aae~ea that the reduL'as mad~ ~hali be eQeet~tal t~o bir all e~jn3tp ir . right of redemption, homestead, dower, and all other e:emptions of the mortaa6or, all of r?hich an 6ereby esprcaely waived aqd conveyed to the mort6aaee; or ~ (th) take any other sppropriate actian pnrs~ant to state or Federal statute either in state or Federal court or otherwi~e for the diaposition o[ the prnperty. in the event of a sale aa heninabove provided, the mortgaRor or any pereori in possession nnder the mort6i~or ahall then become and be tenanta 6oldina over and aha11 forthwith deliver poseessioa to the purch~ser at sach sale or be aummarily disposeessed, ia accordaaoe ~+?ith tLe pt+o~?iaioiu oE larv appli~able to tenanta holdin6 over. The power and a6ency hereby 6nnted are coupled with an intered and an irrevocable by death or otherwise, and are armted ss ,~urouLtive to the remedies [or collection of uid indebtedaexs pmvided by law. _ ' . . ~ . . . . . . . ~ . . . . ~ .r , . 4. T6e pi~ooeed~ ot~un sde of said propertr.ia aooordanae ~th the P~~6. W~~Ph~ ~L~1 be :PPIi~ fi~st to pay the ewb aad of aaid sa~ ~ es iocarred t6e mo for t6e ~ of in oe main~ ~"-'a P~ ~ ~6~. P~rP~ . P . ~~i taining eaid property. and reaaonable attorneys' teea; eecondly, to pay the indebtedn~s aecured 6ereby; aad~thirdly. to pay any surplus or ea~ceas to the perron or pereona leaally eatitled thereta. S. In the evmt uid propert~ i~ wld at a judicial foreclosun sale or pnnuant to t6e por?er of ule heninabove 6ranted, and the prooeeds are not suieieat to pay t6e total indebtedncas secured by thi~ uutrument and evideaoed br eaid prnmiewrp note, the mort6aaee will be eatided to a de6ciency jud6ment for the amonnt of the de~cieµ~jitoit)+o~t ~ IC~ t0 ~~Ilt~lit. +s'' * r , ~ , `G r i ~ 4 6. In the event t1~e mortgagor fxils to pay any Federal, atate, or local tau aeseesmeat, income tau or othtr tu lien, . ~ charge, fee. or other ezpense charged agaiwt the propecty, the mortgagee is hereby authori:ed at hia option W pay ~ the sama Any ewna eo pai~ by the mortgaace shall be added to and become a part .o[ t6e principal imonnt of the ` indebtedne8a evidenced by aaid note, aubject to the eame terms and conditiona. If the mortgaaor ahall pay aad ! discharge t6e indebtedneas evidenced by eaid promisaory note, and sball pay such auma and ahall diacbar6e all ta:ea i ~ and liena and the costa, feea, and ezpenees of makin~, enforcina, and e:ecuting thia mort~a~e, thea thi~ mortgage i ~ha]l be canceled and aurrendered. ~ € ~ ~ 7. The covenanb herein contained ~hall bind and the benefits and advanta~es sball inure to the rapectire wu. cawn and a~aipu of tbe partie~ hento. p6eaever ueed, the sinanLr number sball _include the ph~ral, the plntal tLe ? ain6uLr. and the n~e oE an~ Sepder shall inclnde aD 6eaden. ~ 5 ~ 8. No waiver of any covcnaat herein or of the obli6ation secured 6erebr ahall at aa~ time tberealter be beld ~ to be a wuver of the ternos hereoi or of the note ~ecured hereby. r ~ 9. In oompliaaoe ~rith ~ection 101.1(d) of the Rula and Reaulation~ of ihe Small Bwinea Administratian [13 € C.F.R. 101.1(d) thi~ in~trameat is to be oop~trued and enforoed in aooordaaoe ~?it6 applicabk Federal 4~?. ~ F lU. A judicial decree, order, or jud6mwt 6oldina any proviaion or portion of tlw instrnmeot invalid or w~- a enfonxabk shall not in any ~var impair or preclude the eaforcement of the reinainina provisiona or portiona o[ ~ this instn~meat. ~ ~ ~ s ~ ~ ` ~ry ses s..~ nt ts-TSt Bi~ ~r fAGE~ 1~ ~ z ; ~ , , 3 ~ ~ ~ . t - . - ~ - -c'~'.+~ F ' _ . ~.~~F'~~~'_ " '