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<br />(14) If (a) the interest rate, payment, terms or balance due on the loan is adjusted, (b) the mortgage is increased by an
<br />amount equal to deferred interest on the outstanding principal, (c) the maturity of the debt evidenced by the note or any
<br />indebtedness to the Government secured by this instrument is extended or deferred or the payments on such debt aze renewed
<br />and rescheduled, (d) any party who is liable under the note or for the debt is released from liability to the Govemment, (e) the
<br />lien on a portion of the property is released, ( fl the lien on the property or any part thereof is subordinated, and/or (g) the
<br />Government waives any other of its rights under this instrument, the lien or the priority of this instrument or borrower's or
<br />any other party's liability to the Government for payment of the note or debt secured by this instrument shall be unaffected
<br />unless the Government says otherwise in writing. HOWEVER, any forbearance by the Government B whether once or often
<br />B in exercising any right or remedy under this instrument, or otherwise afforded by applicable law, shall not be a waiver of or
<br />preclude the exercise of any such right or remedy.
<br />(15) T'he power to appoint a substitute trustee, who may at the oprion of the beneficiary be a salaried employee of the
<br />Government, is hereby granted to the Government and its assigns, to be exercised at any time hereafter, without notice and
<br />without specifying any reason therefor, by filing for record in the office where this instrument is recorded an instrument of
<br />appointment, whereupon the substitute trustee shall succeed to all the estates, rights, powers, and trusts herein granted to or
<br />vested in Trustee, and the former trustee or substitute trustee shall be divested thereof; and notice of the exercise of this
<br />power and any requirement of, or right to require, a bond from any trustee hereunder, are hereby waived.
<br />(16) Borrower shall be in default if any forfeiture action or proceeding, whether civil or criminal, is begun that in the
<br />Government's good faith judgment could result in forfeiture of the property or otherwise materially impair the lien created by
<br />this instrument or the Government's security interest. Borrower may cure such default by causing the action or proceeding to
<br />be dismissed with the ruling that, in the Govemment's good faith determination, precludes forfeiture of the Borrower's
<br />interest in the property or other material impairment of the lien created by this security instrument or the Government's
<br />security interest.
<br />(17) Borrower shall also be in default if Borrower, during the loan application process, gave materially false or
<br />inaccurate information or statements to the Government (or fail to provide the Government with any material information) in
<br />connection with the loan evidenced by the note, including, but not limited to, representations concerning Borrower's
<br />occupancy of the property as a principal residence.
<br />(18) Default hereunder shall constitute default under any other real estate, or under any personal property or other
<br />security instrument held or insured by the Government and executed or assumed by Borrower, and default under any such
<br />other security instrument shall constitute default hereunder.
<br />(19) SHOULD DEFAULT occur in the performance or dischazge of any obligation in this instrument or secured by
<br />this instrument, or should the parties named as Borrower die or be declared incompetent, or should any one of the parties
<br />named as Borrower be dischazged in bankruptcy or declazed an insolvent or make an assignment for the benefit of creditors,
<br />the Govemment, at its option, with or without notice, may: (a) declare the entire amount unpaid under the note and any
<br />indebtedness to the Government hereby secured immediately due and payable, (b) for the account of Borrower incur and pay
<br />reasonable expenses for repair or maintenance of and take possession of, operate or rent the property, (c) upon application by
<br />it and production of this instrument, without other evidence and without notice of hearing of said application, have a receiver
<br />appointed for the property, with the usual powers of receivers in like cases, and (d) authorize and request Trustee to foreclose
<br />this instrument and sell the property as prescribed by law.
<br />(20) At the request of the Government, Trustee may foreclose this instrument by advertisement and sale of the
<br />property as provided by law, for cash or secured credit at the option of the Government, personal notice of which sale need
<br />not be served on Borrower; such sale may be adjourned from time to time without other norice than oral proclamation at the
<br />time and place appointed for such sale; and at such sale the Government and its agents may bid and purchase as a stranger;
<br />Trustee at Trustee's option may conduct such sale without being personally present, through Trustee's delegate authorized by
<br />Trustee for such purpose orally or in writing, and Trustee's execution of a conveyance of the properiy or any part thereof to
<br />any purchaser at foreclosure sale shall be conclusive evidence that the sala was conducted by Trustee personally or through
<br />Trustee's delegate duly authorized in accordance herewith.
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