1/22/1929 · MORTGAGE · book 23 page 355 doc 8479

93 BUT IF DEFAULT shall be made in the payment of the said promissory note or of said interest, at the time or times and in the manner aforesaid, or of the taxes or assessments aforesaid, as the same become payable, or of any or either of them, or of any part thereof, or if breach shall be made of the covenant for insurance hereinafter contained, then it shall be lawful for the said mortgagee, its successors or assigns, to sell, together or in parcels, all and singular, the premises hereby granted or intended to be granted, or any part or parts thereof, and the benefit and equity of redemption of the said mortgagor, and their heirs, executors, administrators and assigns, heirs, thereit, by public auction upon the premises, and to bid for and become the purchaser or purchasers at any such sale and no other purchaser or purchasers shall be answerable for the appli- cation of the purchase money, first giving notice of the time and place of sale by publish- ing the same at least once each week for three successive weeks in some public newspaper published in said County of Washington with power to adjourn such sale from time to time, provided that the publishing of said notice shall be continued, together with a notice of the adjournment or adjournments, at least once each week in the same newspaper; and in their or its own name or names, or as the attorney or attorneys of the said mortgagee, (for that purpose) by these presents duly authorized and appointed with full power of sub- stitution and revocation), to make, execute and deliver to the purchaser or purchasers at such sale a good and sufficient deed or deeds of sale premises in fee simple to and re- ceive the proceeds of such sale or sales, and from such proceeds to retain all sums hereby secured, whether then due or to fall due thereafter, or the part thereof then remaining unpaid, and also the interest due on the same together with all expenses incident to such sale or sales, or for making deeds hereunder, and for fees of counsel and attorneys, and all costs or expenses incurred in the exercise of said powers, all taxes, assess- ments and premiums for insurance, if any, either heretofore paid by the said mortgagee, its successors or assigns, or then remaining unpaid upon said granted premises rendering and paying the surplus of said proceeds of sale if any there by, over and above the amounts so to be retained as aforesaid, together with a true and particular account of such sale or sales, expenses and charges, to the said mortgagor, its successors or assigns, which sale or sales made as aforesaid shall forever be a perpetual bar both in law and equity against the said mortgagors, their heirs, executors, administrators and assigns, all persons claiming said premise, sold, so, by them, or under them, or any of them. AND the said mortgagors, for themselves and for their heirs, executors, adminis- trators and assigns, hereby covenant with the said mortgagee, and its successors and assigns, that they will upon request execute such deed or deeds confirmatory of said sale or sales as may be required. AND FURTHERMORE, we the said mortgagors, for ourselves and for our heirs, executors, administrators and assigns, hereby covenant with the said mortgagee, and its successors and assigns, that insurance against loss by fire shall be kept and maintained on the buildings on the premises aforesaid, in such office or offices as the said mortgagee, and its successors or assigns, shall approve, in a sum not less than five Thousand dollars, and that the policy or policies of such insurance shall be assigned and transferred, and made payable in case of loss to the said mortgagee, and its successors or assigns, and that the premium or premiums paid therefor shall be a further charge upon said granted premises, secured by these Presents. IN WITNESS WHEREOF we hereunto set our hands and seals this eleventh day of April in the year of our Lord one thousand nine hundred and thirty-two.