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-_.� � � r . � � i i 94�- l 0 Q24 9 � ___-- � avent of lnss 6urro�ru wiU aive immediate notice hy mail to the an;r�f thc eonditi�nc nr agrc€mrnt�mntained in this instrument,c�r � l.eader�who may ma{�e praof of iass if not m�de promptly by the note which it secures.then the eatire ptinciQal sum and accrued Bartower.and each insurance e�mp�ny conamed is hereby interest shall at once become due and payabte,at the electdon of ihe � authorized and directed to ma{ce prymeat fo�such loss di�ectly to Lender. tt►e Lendor instead of to the Borrower and the I.ender joint}y,and the insunna praaeds,or any pan thereof.miy be applied by the Le�der shall give notice ta Borrower prior to acceleration I.ender at its ogtion either to the reduction of ihe indebtedness following Borrower's breach oi,any covenant or agreement in this hereby secured or to the restoration or repair of the property instrument(but not prior to acoeleration under px�ag�aph 12 unless daataged.In event of forxlasure of'tdis instrument or other transfer �pplicable law provides atherwise).The notice shall specify:(a)the of tide to the mortgagod property in extinguishment of the default;(b)the action required to cure the default;(c)a date,not less indebtedness secured hereby,aU right,title and iaterest af the than 30 days f'rom tho date the notice is given to Bocrower.by which Borrower ia and to any insurance policies then i�force shail pass to the default must be cured;and(d)that f�ilure to cure th�default on the purchsser o�graatee. or before the date specified in tAe Rotice may result in acceleration ' of the sums secured by this iastrument and sale of the Properiy.The 9.Thtt as additional and wllxteral security for the payment of thc notice shal)further inform Borrower of the right to reinstate after note described,sad all sums to beoome due under this instrument, acceleradon and the right to briag a coun action to assert the�on- the Bonower hereby assigns to the Lender all profiu.revenues, existonce of a default or any other defense of Borrower to royalties,rights and beae6ts�ccruing to the Borrower under any aad �oceleration and sale. If the default is not cured on or before the date aU oil and gu le�ses on stid premises.with the right to receive and specified in the notice,Lender at iu option may reqaire immediate reaipt for the same aad aPply them to said indebtedaess ss well payment in full of aU sums secured by this instrument without before as after defiult in the conditions of this instrument,an8 the further demand and may invohe the power af sale and any other Lender may demand.sue for and recover any such payments when remedies permitted by epplicable law. Lender shall be entitled to due snd payable,but shall not be required so to do.This assignment collect all expe�ses incurred in pursuing the rcmedies provided in is to terminate and become null and�oid upon release of this this paragraph 13.including.but not limited to.reasonable ' instrument, attorneys'fees and oosu of title evidence. ! 10. TA�t the Borrawer will kap the buiidings upon said premises If the power of sate is invoked.Trustee shall record a�otice of � � in good repair.and neither wmmit nor permit waste upon said land. default in each county in which any part of the Propeny is located ' . aor suffer the said premises to be used for any unl�wful purpose. and shall mail copies of such natice in the manner pre,v�ribed by ' . applicable law!o Borrower and to the other persoos prescn'bed by � . � � l 1. 7'!�t if the premisa,or any part thereof,be oondemned under applicable law.Aftcr the time tequired by�DDlicable law.Tnutee ;4 � ; fati powcr vicminent domain.or aoquirW for a public nse.the shsll give public notia of sale to the persons and in the manner - damages�wuded.the proceeds for the taking of,or the prescribed by applicahle law.Trustee,without demand on Bonower, ' ' - consideration for such aoquisitioa.to the extent of the full amount af shall sell the Property at public auction to the highest bidder at the . - indebtedaess upon this instrument and the note which it is given to dme and plaa and under the urms designated in the notece of sale - secure remiining unpaid,ue her�by assigned by the Borrower to the in one or more parcels and in any order Tnutee determines.Trustee - Lender,aad shall be paid forthwith to said Lender to be applied by may postponc sale of all or any parcel of the Property by public .,:� the latter on a000unt of the next maturing installments of such announcement at tHe time and place of any previously scheduled indebtedness. s�le.Lender or it�designce may purchase the Property at any sale. 12.The Borrower furthtr agrees that should this insuument and Upon receipt of payment of the price bid,Tnutee shall dsliver to � the nMe secured hereby aot be eligible for insurana under the the purchaser Trustee's deed oonveying the Property.The recitals in Nuional Housing Act within eight months from the date hereof the Trusta's doed shall be prima facie evidence of the trutb of the (written statement of any offiar of the Department of Housing and sutements made therein.Trustse shall apply the proceeds of the sale ' •..� Urban Development or suthoriud agent of the Secretary of fIousing in the following order:(a)to all expenses of the sale.including,but `� and Urbin Ikvelopment dated subsequent to the eight months'time not limited to,Trustee's fees as permitted by applicable law and ftom the dau of this instrument,declinsng to insure said note and reasonable attorneys'fees;(b)to all sums secured by this Security :.,iir�.; Wis mortgage.being damed oonclusive proof of such ineligibility), Instrument;and(c)any excess to the person or persons legslly j:� - the Lender or holder of the note may.at its option,declare all sums ent;tlM to it. : �±£ secured hereby immedistely due and payable.Notwithstanding the �, • foregoing,this option may not be exercised by the I.ender or the 14. Upon acceleration u�der paragraph 13 or abandonment of the holdet of tht nott when the ineligibility for iasurance under the Propeny,Lender(in person,by agent or by judicially appointed � Nadonal Housin�Act is due to the Lender's fsulure to remit the rooeiver)shall be entided to enter upan,take possession of aed .mortgage insunnoe premium to the Department of Housing and manage the Property and to collect the rents of the Property Urban Devdopment. including those pact due.Any rents collected by Lender or the receiver shall be applied first ta payment of the costs of management I3.T$tt if the Bonower faiLs to m�ke any payments vf money of the Property xnd oollection of renu.including,but not limited to, when the same become due,or fails to conform to and wmpiy with roceiver's fees,premiums on receiver's bonds and reasonabte attorney's fees,and then to the sums secured by this inslrument. �� .— -- ^ Page 3 of 5 HUD-l21�30T•1 ; I _ � !'� : �-- � � J � ; � . � r r'. n � �f� t �1.; r+�%�t — �� f�r;'� :Y.: x �,.. . . t �' • . �:. .