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1 S ~ The mot~agor coveasab gad sgreea that if he slesil f:::l to pay. said indebtedness or gay part thereof when .
due. or shall tail to perform say covenant or a
fpreemeat of thin indruasent or the promissory note selected hereby, the
eaRire iadebtedaeas hereby secured shall ianaeedistely booome due, parable, and colketibk without notice, at the
~tiou of the weorigagce or assigns, reRardlw a< maturity, and the mortgagee or his assign,may before or after entry
seq said Property without appraiscmeat (the anorigsgar Iwvlpg waived gad assigned to the mortgagee all rights of
appraisemaet) Z - - - .
1 e 1 at jndiciaa sale pursuant to the provisions of 23 U.SG Z001(a) ; or
(a) at tbo opting of the aeoet6a6ee, either by atKtioa or by so4dtatioa of seakd bids,'far the bi6hest gad
belt big cosaplyiaa with the teeaw of oak gad saaaser of payment sped6ed is the pnN.iahad ootloe a< oak, beet
giving tour weeks' notice of the tiriee, terms. gad .place o?. snch sak, by advertiers:eeat not kss thaw once -
dar•iag each at said four weeb in a newspaper published or distributed is the county is which said property -
_ is aitoated, aQ other optics beio6 hereby waived by~ the mortgagor (gad acid rooee~, br and person as
_ behalf of said aaortgagee, say bid with the tispsud iadebtedaaa evidenced by acid note). Said sale sibaU bu
held at ar a the peaperty to be sold or at the Federal, eoeeaty, or city conetleare for the eoanty in which the
.ylogpeitf4i~!•14eate~.~ is hereby authorised to execute for gad o~ behalf of the asortgagor gad to -
~v~ t~,~e seer i~ e~~$te a su0ieieat eoaveyaaec of acid property. which eoaveyaoee ahaU contain ~
t, .~:.,k~:,
to ~ a"~ t~ detanh n _ geoec~l9W'1~~ power of sak htreia ~aated
depends; gad thejs~~a ~ nby coa,R~~p~joMEtb ,
or any went or attorney of the
asoetaagee, the ~ gad attorney is islf r~gad~;~~ neieals gad to execute Baia
coa~eyaaee gad lees+eby eovenaots and. o6rat ~ -reeitaM an made shall Le elfeettial to bar all egsiq or
right,ot redemption, hoasatead, dower, and all other exemptions at the mortgagor, all of which are beeeby
. ezpr+eesly waived gad conveyed to the mortgagee; or -
~ (nt) take. anY other appropriate action. poranaat - to state or Federal atatnte either - in state or Federal
court or othciwisa [or the disposition a< the propergr. -
Ia the event of a sak ai heReinabore provided, the nwrtgagor or gay persose is posseasioa Hader the mortgagorshall -
then become and be tenants bolding over gad shall. forthwith deliver possession to the pnrebaser at such ink or be !
aemmarily dispo~eessed, is accordance with the provisions of law applicable to teauets holding over. The power
gad sgerecy ber+eby granted are eoeepkd with as iatereat and are ireerocable b1r death or otherwise, gad are granted ~
a. cnasnladve to the reasedies [or eolleetion of said indebtedness provided by Taw. - _ i
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4. The peaeeeds of and sale of said property in socordaaoe will: preoediog pL igraphs shall be applied first
to pay the costs and epnaes of said gale, the expenses inwrred by the mortaa6ee for the pnrpoae of protectin6 or aaia~
taiseing a:id property, and reasonable attorneys' fees; secondly, to pay the indebtedness secured hereby; and thirdly.
to pay any strptas or excess to the perisoa or penorr legally entitled thereto.
S L' the eventaaii~erpeety is gold at a jndieial foredowre gale or pnrwant to the pourer of sale bereiaabove
granted, gad the pe~oceeds are not saieieat to pay the total iadebtedreas srtusrd b7 this iastrnmen: '~'~~~,,~~'deoeed by
f said promissory note, the mortgagee will be e»titkd to + defecaeney jet for the amoeest ott~sj~~~rray ssithort ,
.~e~d to opprrisewerst. ~ -
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6. Ie the event the mortgagor iaib to pay am Federal, state, or local tax assessment. inooreiti tax oz other tax lien,
j chsrae, Pee, or other ezpasse ehar~ed against the property, the mort~ee is hereby inthorioed at~his option to .pay
I the same. Any sums w paid b~ the mort~ee shall be added to gad become a part of the rinei al. amount olr 1be. t
B;
indebtedness evidenced by acid nAte, subject to the same terms gad conditions. II t}le=~oyta~ shall 'pay and
discharge the indebtedness evidenced by said promissory note, gad shall pay anoti sums gad shall discharge all fazes ~
gad liens gad the posts, ices, and ezpeaaes of making, enforcing, and ezepeting this mort~agt~ rhea this mortgage ~
shall be canceled and snrrendeied. - -
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• T. Tile covwnts herein eontaiaed a6sD bind tad the benefits and adranta~oes shall loon to the respective sao-
eewors ~ ~ of the partrea hereto. w/beaever used, theiingnlar number shall iatlode the plural, the ploral the
stagaLr, use of gay gesder shall sseclnde aD genderr. ~
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0. No waiver of seh? ce~veaast herein or of the obligation scented hereby shall at gay time thereafter be held
a be a waiver of the teriss 6ernof os o< the note secured bereLy. -
9, L eampliaaoe wide aeetioa 101.1 (d) of the Rnks gad RegnLtioaes of the Small Businea Administration [i3
C.F
R 101.1(x) j, tLis instr~t is to be eoastresed gad enioreed is accordance with.applieable Federal Lw. '
10. A jndieiat deer+ee; order. st jadg+a~st bolding goy provisime or portion of this inatrnwent invalid or aa•
errtareabk aball not in gay way impair or pr+eehsde the eatoroement of the remaining provisions or portion ai
this iastraw,ent, 4
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