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Home My WebLink About0957 • ' . ~ _ _ _ _ . _ ~ ~ ~ i• ~ . • , 3~ c?- S. The mort6asor coveaaat~ aad a6cea that II he ~hall Idl ta pay wid indebtedae~s o~ ~ny part the~o[ wher dae, o~ ~h~ll fail to per[orm aay ooveaaat or a6reemeat ot thi~ iastrument or the promi~wsr note ~eeured bereb~?. the . eotire it~dabtednw herebr ~ecue~ed shall immedi~tely becwas daa payable, and oollectible without nodee, ~t the option ot tbe bnortsa~ess or ~wi6as, regardla~ oi maturity, and the mo~aaee or 6u ani~u m~y beEore or ~fter entry C:~=r!Y W±shout apprai~ement Ithe mortaa~or havia~ waiva~ ~~d ayi~cned to the moetR~Ree ~11 riRhts ot appraLetneat) : _ 1 t)•t judicial ~ale punuapt to the pwvi~ion~ oi Z8 U.S.C. 2W1 ur u) at tbe optiqa ot t6e morta~ee, eit6ee bp auctioa or br wliciation ot ~eakd bid~, tor t6e biahest and bat bid complrina wttb the teiaa~ oi wk md mamer ot pa~rme.at spcciGed ia t1~e pubU~hed notioe o[ ~ala 4nt ~iviaa [our weelu' aottoe of the time. terms, and place ot wch ~ale, b~• advertiMemeat not law ih~n uncc darin6 each oi ~aid fons ~reeks in a ne~wpapet pnblis6ed or di~tributed ia the oonnt~ ia ~r6icb ~aid propert~ i~ dtwted, aU otber aotlee beina berebr w~i~ed by tbe mortaa6or (and said mottaaae~e, or ~nr penoa o0 be6aU ot ~aid mort;aae,e, mar bid with the nnpaid indebted~oea~ e~?ida,oed br ~aid aote). Said sale slull bs 6eld at or on tbe propertr to be wld or at the Federal. county, or eitr oourthonae foR tbe oountp in w6ich t6e P~P~7 i~ locat~d.'i'be mortaa;es ia henbr antborised to ezecuts for an~ on be6alf of t6e mo~or aad to ~r.~irar to ike gtuch~er at ~uch ~ak a~~cient ooaveyanoe ot ~aid propertr, ~rhicb conver~noe ~L~II eontain reeitaL a~ ~ t~ t6e ~ happenina of tbe ~a::;::: ::r::: ~~.':»-L-. ~ecution. of the ,po~rer oE sak hereia 6tanted depends; and tha raid awet6asor hesebJr oon~titnte~ and appoiab t6e mortaa6ee or m~ a6snt or attorner ot tLe mortaa~ee, the a~+nt and attorner in fact oI ~aid mortaaaor to make aich recitab and to exec~te ~aid oonreyanas and herebr eo~enants md a6rea t6at the recitaL w made shall be eQectn~l to bar aU eqnit~ oi ri6ht of redemption, home~tead. doweq and all other exemptions ot the mortKa~cor, all ot which are hereb~ ~ exprasly waived and oonveyed to the morta~~ee; or , (ut) take any other ~ppropriate actiou pursuaat to rtatc or ~ecleral atatute either ia sl~lr ur Eedrral ~ 1 conrt or oth~~wi~e for t1~e d'upwition of the propert~. In the event of a sale as hereiabefora pe+ovided, the awrtaaaor or an~ pezsom ia poNasioa mider t6e mo~v • 6~6or shall then became and be tenants hoidins over and ~hali forihwith deliver poNe~sioa to tbe pu~chaaer •t~ w~h ..k or be.nn~muiir di.po«~..~d, in aocordance with the provi~iow of law applicabk to tenants laldiryc over. The power aad a6eacy hereby 6ranted are coupled with an intee~t and are irrevocable by death or otherwist, ~nd are 6tsnted a~ cumulative to the remedia for collection of sai~i iadebtedna~ provided b~ l~N. ~ ' 4. The prooeed~ oi aar aale oi said Propertr in acoordmoe with the preeedin6 W~=Pbs shall bs applied 6ra to pa~ t6e cosb and e~penres of said wk, the ~peo~es ~incurnd.by the mortaaace for the pnrpwe of protectin6 or main~ wn~na ..~d p~~~er, and reasonable attorneys' fees; ~econdly, to p~y tlu indebtedneas ~ecured hereby; .n~l ~h~rdlr. to pa~ an~ surplw or e~[od~ to tbe penon or penon~ le6ally eatitled thereto. - II S. In tbe e~eat said pe+operty i~ wld at a jndieial foreclosure wle or punuant tu tLe po~rer of wk hereinabo~re ~ted. and tbe prooeeds are na sd6ci~t to pay the total indebtednea ~ecnred bp tbi~ instrnmeat and ~.ndeaeed b~ wd prami~wrp note, t6e mortaaaee ~rill be eatitled to a de6ciencp jndameat [or the amwunt uf the deJ~cia~cp ~dtbort reewd to ~PP?~i+e~na~t• ~ 6. In tbe e~ent t6e wort6agor faib to pay an} Fedual, atate, or locai taY wwment, income t+uc or other t~a lien, cbuse, fee,~ or other ezpea~e chuaed aaaiart the property the mort~s6ee iu hereby authorised at hi~ optioa tu Pay t6e ~ame. Anr sna~s ~o paid by the mortaaaee ~haU be added to aad become s part of the ptincipal una~nt oi d~e indebtedaas evidenoed bp said note, snbject to t~e wme terms aad oonditioa. If tbe mo~os t~6all par ~nd di~char~e t6e indtbtedneas e~?ideaoed b~ ~id promi~wq note, and ~hall pay ateb swn~ aad ~6a11 di~cbar~s aD taus and lieas and tbe owts, Eea, ~nd ezpeasa of matiaa, e~torciaa, aad e:ecntioa tbi~ m_ost~a. then.~is mo~ sh~ll be c~noeled aad sare+endered. - 9. T6a ooneaanb het+eia eont+iined shdl bind ~ad the bene6ts sad ~dvaata6a ehall inure lu the rrsprctive ~~c- oa~on and a~r of t6e partier hereta pheaerer naed. the ~iaaulu onmber ahall inclnde tbe plnr~l. t6e plnral tbe siaanlu. aad t6e ~e of an~ ~r ~6aD i~clnde a11 ~eaden. a. No ~raiver of aor oovenant 6erein or ot tl~e obli6ation recured herrby ~hall •t an~ lime iherrafler be held , to be ~ Md~er o~ tbe ternu 6ereof or ot the note ~ecund heceby. ~ r ~ ~ ~ 9. A jndicid decres, order, or jud~neat Loldin6 any provision or purtiou ot thir inrlrumwt iavaliJ ur unea• ~ [orceable ~hall not in anJ? ~rap impair or preclade tbe eaforcament of ihe remainin~ prori~iorn or ~wrtioas of ihia ~ in~vmea~ 10. Air «rrittes dotiee te be L~ued to the mo~aaor pnrwant to tbe proridc~ ot tbi~ ioitrna~ot ~LaU Ls ~ _ deered t~o tbw ~oet~~qoe ~t aod ~s~ Mriaea ootks to be i~wed te tbe isortp~ss ~LaO be adai+erei t~ tbe a~ort;a~ss at . •~o ~:~~w a~nK392 PdGE 957 s~A fO1~M s2~ /2•7si - .