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<br /> madc �hall hc addcd to the principal sum u��ing on thc at►o��c 12. f hc Ron����r� tinthr� .ipirr.ih,u :huuld thi� in��rumcnt and
<br /> � nate, shall be secured hereby, and shall txar intcrc.t at tiir ratr�tit the unic �c�un�d h��rrh� n��t h: ibFihte I�or uti�uranre undcr the Na-
<br /> forth in thc said notc, imtit paid. tinnal liau�m�; :�:i ��uhm cE�ht nwn�l�ti from Uic dat� herwF
<br /> (��nttcn �tatcntcnt ot .im u(h;rr ot thc Ikpanment of Housing
<br /> 7, Thal the Borra�ce� hercby acsignc,transfers and .ets aver to and Urban l)e�rl����mcnt �a a�nhonicd abent of the Secrotary af
<br /> the Lender, to t+e ap�+iied t��ward the�aytnent of the nnte and ali Houcine and Urhan ikrctupment d,�tc�l�ut��eyur�u tu the ei�ht
<br /> sums secured hereby in case oP a defuult in the performance oi' manth�' time f�am thc datc af thi� inu�umen�,dcclining to insure
<br /> any of the terms and conditions af this insirument ar the said said note and th��murlgage, heing dernted conclusi�e ptoof af
<br /> notc.all the rems, revenues and incc�me to be derived fram the such incligibilit��1, ihe Lcndc�ur holdcr oP the nutc may, at its op-
<br /> said premises during such time as the indebtedness shall remain ti��n.dcrlare all tiums �ccurrd hrrcbY uumcdiately due and payable.
<br /> unpaid.and thr Lcnder shall ha�•e power ta appoint any agent or Notwithstnnding the PoteRuing, it�ic optiom m�y not be exercised
<br /> agents it may desire for the purpose af repaiiing said premises and by the Lcnde�or the hulder ui the notc when thc incligibility For
<br /> of renting the same and collecting the rents. revenues and inmme. insurance u�de� the National liaudog Act ic due to the Lender'S
<br /> and it may pay out ot said incames al)expenses of repairing said failure to remil the mortgnbe insu�ancc premium ta the Depart-
<br /> premises and necessary commissions and expenses incurred in rem- ment ol' Noucing ��nd Urt+an Ikti•eopment.
<br /> ing and managing the same and of collecting rentals theref�om;
<br /> the balance remaining, if any. to be applied toward the discharge 13. That if the BorraNCr lails to makc Any payments ol money
<br /> of said indebtedness. ��hen the szmc bemme due, ar fails to conform to and comply
<br /> �vith a�y af the conditions or Ag�eements contained in this instru-
<br /> 8. That the Bono��•er will keep the impro�•ements�ow existing ment, or the note��hich it secu�es, then the entire principal sum
<br /> or hereafter e�ected on the propeny, insured as may be required and acerued intere�t shall at ance t+ecame due and payable,at the
<br /> from �ime to time by the Lender against toss by fire and other election of the t_ende�.
<br /> hazards. casualties and contingencies in such amounts and for such
<br /> periods as may be reyuired by the Lender and will pay promptly, l.ender shull gi��e notice to Borrower priar to acceleration
<br /> when due, any premiums on such insuranee provision for payment following Borro�cer's breach of any covenant or agreemertt in this
<br /> of which has not been made hereinbefore. All insurance shaU Ue instrument (bu[ not prior to acceleration under paragraph 12
<br /> carried in companies approved by the Lender and the policies and unless applicable law• provides otherwise). The noticc shaU spccify:
<br /> renewals thereof shall be held by the Lender and have attached (a)the defaulr (b)the action required to cure the default;(c)a
<br /> thereto loss payable ctaus�in tavor ot and m iorm acceptabte co dace. not iess than su days irum ii�r aSxte tite i�Ot[.e is gs..n to
<br /> the Lender. In event of loss Bonower will gice immediate natice Borrow•er, by�•hich the defauit must be cured; and (d)that Pailure
<br /> by mail to the Lender, who may make proof of loss if not made to cure the default on or before the date specified in the notice
<br /> psomptly by Bonoucr, and each insuran_e company conc�rned i� mac result in acceleration of the sums secured bv this instrument
<br /> hereby authorized and directed to make payment for such loss and sale of the Property. Thc naticc shall funher inform Borrower .
<br /> direcdy to the Lender instead of to the Borrower and the Lender of the right [o reinstate aftcr accrletation and the right to bring a
<br /> joint{y, and the insurance proceeds.or any part thereof.may be coun aaion to assert the non-existence oi a default or any other ,
<br /> appGed by the Lender at its option either to �he r�uction of the defense of Borro��•er to acceleration and sale. If the default is not .
<br /> indehtcdacss hcrebp sccured or:o the:estosa:ion or repair of the cured en or �efore the date specified in the not'sce. Lender?! its � __
<br /> ..__.. e e., o �.• ;:.. g�� �n�� <�.�.� �
<br /> j�u��i}r ttatua{i:t'�. =ii cvc'�i G� �vTSf.�v3iii�a� t��SS iTaSiiil�i::i�i v^L 'J�2t�SS SS1S`j :Yy^`�.C.f::.^l:^P.l�.t.°.Lt jS°.jT•tt3: .. Z 3f �'Sl» .l..°L� _.
<br /> other transfer of title to the mongaged property in extinguishment by this instrument without funher demand and may im•oke the • °
<br /> of the indebtedness secured hereby,all right. title and interest of power of sale and any other remedies permitted by applicable law. -
<br /> the Borrower in and to any insurance policies then in force shaU Lender shall be entitled to copect ap expenses incurred in pursuing ' �,
<br /> Pass to the purchaser or grantee. the remedies procided in this paragraph 13. including. but not `
<br /> limited to, reasonable attomeys' fees and costs oP title evidence. , ���.�;
<br /> 9. That as additional and collateral security for the payment of
<br /> the note described.and all sums to become due undet this instru- If the poWer of sale is invoked.Trustee shaU record a notice of �
<br /> ment,the Bonower hereby assigns to ihe Lender all profits, default in each county in which any part of the Property is located
<br /> revenues, royalties, rights and benefits accruing to the Bonower and shall mail copies of such notice in the manner prescribed by �
<br /> under any and all oil and gas teases on said premises, with the applicable law to Borrower and to the other persons precribed by
<br /> " right to receive and receipt for the same and apply them to said appliqble laµ. After the time required by applicable law. Trustee t
<br /> indebtedness as well before as after default in the conditions of shall give public notice of sale to the perwns and in the manner � �
<br /> this instrument.and the Lender may demand, sue for and recover prescribed by applicable law. Trustee. without demand on Bor- '
<br /> any such payments when due and payable, but shail not be re- rower, shall sell the Property at public auction to the highest bid- ���
<br /> quired so to do.This assignment is to terminate and becomr null der at the time and place and under the terms designated in the '
<br /> and void upon release of this instrument. notice of sale in one or more parcels and in any order Trustee .�
<br /> determines. Trustee may postpone sale of all or any parcel of the z
<br /> 10. That the Bonower will keep the buildings upon said premises Property by public announcement at the time and place of any �
<br /> in good repair, and neither commit nor permit waste upon said previously scheduled sale. Lender or its designee may purchase the
<br /> land. nor suffer the said premises to be used for any unlawful Property at any sale. �
<br /> P��u•
<br /> Upon receip[ of payment of the price bid.Trustee shall deliver
<br /> 11. That if'the premises,or any part thereof, be condemned to tAe purchaser Trustee's deed convtying the Property. The
<br /> under the power of eminent domain, or acquired for a pubJic use. recitals in the Trustee's deed shall be prima Pacie evidence of the
<br /> the damages awazded, the proceeds for the taking of. or the con- truth of thc statements made therein. Trustee shall apply the pro-
<br /> sideration for such acquisiiion, [o lhe extent of the full amount of ceeds of the sale in the following order: {a) to al!ex{xnses of the
<br /> indebtedntss upon this instrument and the note which it is given to sale. including, but not limited to,Trustec's fces as permittcd by
<br /> secure remaining unpaid,are hereby assigned by the Borrower ta applicable law and reasonable attorneys' fees;(b)to all sums
<br /> the Lender, and shall be paid forthwith to said Lender to be ap- secured by this Security lnstrument; and(c) any excess to the per-
<br /> pliod by the latter on account of the next maturing installments of son or persons legally entitled to it.
<br /> such indebtedness.
<br /> Pagd 3 of 5 � l2143DT . _-__ -
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