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S.: The morlgagor eoveaaats sad agna 1h1~t it be shall Uiil to par yid indebtedness or any port tltereot whew
dr, o~ shall fail to perform say eoveaaat or ageesmeat of t~,iastrnmeat or the promiawry note seemed hereby. the
ire:^,indebtednu~ hereby ~scueed (ball immediately bso dtte, payable sad colkctibk wltbont notice, at the
of the morlRagee ~ aswgas, regardless of maturity, pad the morlgagee or his atdipr may be~oee or alter mttrl?
property witboat appraisemeat~-Ithe taorlgagoe Ilav~9g waived and aesigaed to the mortgagee all ~v of
a~~ .~t)
(t l at judicial sale putwaat to the provisions i~f ~;U.S.G Z001(a) : or
(tt) at tba .ptioa of tba a~oRt0a0ea either by4~ilion sx by .olieittion of sesiei bids,'t~e the 6i~best +ri
bat laid-e~Plyina with the leans o[ sale earl tnaaae~ +f Nrwent speei6od is tie PnWi~ted Vitas of at~k. de~tt
giving four weeks' tatice of the. time, terms. and place of snch sale, by advertisatweat npt less than cans
daring each of said featr weeks in a aewspapee pubjphed ordistribnted is the connty_ie wh}eh said ~r~spsaRr
i. sitaatad, all et6e: aaziea beitta-hereby waived br. the asoet~agor (and acid t~eet6aAeo+ ~ any p~r~sn ew
behalt,of said aott0ape,.may laid with.the unpaid iadebte~~w:erideooed by sail note). Said rate shall be
held at or oe the property to be sold or at the Federai, county, or city oonrlhoase for the eostaty is white the
property is located. The morlgagee is lterebr antborisad to execute Ior and oa babel[ of the mortaapor earl >'o
deliver to tae parcbaser at swgp safe. a:w oonveyaaee of said prape<tr. which ooaveraaoe sitali eositait
.
recital s. to the bappatiaa at the defatth npoa which the a:eentiap of the power. of sale ~antai
depends; and the said mortgagee hereby coastitates sad appbiats the mortgagee ~ any ages; otr sttoRSey ~t the
¦artaaaee.- the apeet +tsd. ; attorse~? is isct of said. to asake s»ti aecireais M~ to e~tAe.
eonveyaaee sled bee~eby _ eeraamts sad aarea that the recital so made shall be eLestoal to far alb agnitT ~r
right of redemptiost, bosnestead, -dower, sad ad other ~PtiaMra.y.
j,-~,~nq~o~~t~l of «~ie6 ai+e7?
e:prwly waived. sad cgavered to the mortaa~ee: of '~j i~%~~7a~:x~ ~a•t::~ ~,e ~s ,est .
(ttt) take ear other appropriate aetioa parsasart to state or Federal ifa~'tut~'r is state or ~edenl
courl or otherwise foe the disPositioa of the property. .
In the event of a sale u hereinabove provided. the morlgagor or say pcnon in posswion order the morlgagor shall
rhea become sad be tenanb hoWiag over sad shall forthwith del)vey.poaeasioq~to the purchaser atEstxh:~ak or be
snmroarily dispossessed, is aceordaace with the provisions of lait?~eplilieable. to teaanb holdiug;over. Tl9e power
sad agency hereby granted are coupled with nut interest and are irrev'oeabk by death or otherwise, and are granted
u cmm~iative to the remedies for ooilecNtoa of said indebtedness provided by law. -
4. The proceeds of say sale of said property in accordance with the preceding paragraphs shall be applied Ent
to par the costs sad espertses of said sale, the espeases incurred by themortgagee-for the pnrpwe o[ proteetioa ~ male
raining said properly. and reasonable attorneys' fees; secoadiy, to pay the indebtedness secured hereby; sad thirdly,
to pay say surpins or e:oeas to the person or persons legally entitled thereto.
S. Ia the event said property is sold at a judicial Ioreelown sale or pnnuaat to the power of wk bereiaabowe
grmted, and the proceeds an sot snieieat to pay the total indebtedness secured by this iastrnmeat and evidenced hr
said promissory rota the morlgagee will be eatitkd to • de6eieaey jndgmeat for the aaauat aI the. de~cy witbottt
regard to sipprwaerwent.
6., In the event the mortgsgor tails to pay any Fedcrai, state, or locai tax assessment, income to or other to lien,
~ chuge, fee, or other expense charged against the property, the mortgagee is hereby authorised at his, option to par
the same: Any sums so paid by the mortgagee shall be added to and bwome a part of tKet~irineipa~ a~Onat of the
indebtedness evidenced by said note, subject to the same terms and conditions. If they 7p~oetga~ot . . pay and
discharge the indebtedness evidenced by said promissory note, and shall pay such sums and shall discharge all fazes
and liens and the costs, fees, and expenses of making, enforcin6, and ezecuting thin :then this mprtgage
shall be canceled and surrendered. ~ , ` ° : t. _ .
T. The coveaanis herein contained shall bind sad the beae6ts sad adraatytes shall iron to the respective Sao-
eesson sad assigns of the parlies hereto. ~'heaever need, the siognLr number shall iaclade the pharal, the phrral the
siogalar, sad the use of say gender shall inehrde aU,enden.
& No waiver of say covenant herein or of the obligation secnr+ed hereby shaii at say time thee+eafter be bald
to be a waiver of the terms hereof or of the note secured herby.
9. Ia compliance with section 101.1(4) of the Rnks and Regniatioas of the Small Bwiaess Administration [13
C.F.R 101.1(d) this iastrawaeat is to be construed sad eaforoed in accordance with applicable Federal Iaw.
10. A jndieial decree, order, or jndgmeat holding any provision or portion of this iasttua~ent invalid or na-
eatorcesbk sbail not is say way impair or preclude the enforcement of the remaiaiag pr+ovisioas or portions of
this instrameat.
6P O 939 730
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