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<br /> ' Lender. to event of toss Bosrower wi1F y �°`
<br /> � give immtdiace notice b Lender s6nIJ�ive aotice to Borrotr•er prior to acceteratean
<br /> aiait to 3he Lender.who may malce proof of toss if not aeade following Borrfl�er's breach of aay covenant or agreement in
<br /> promptty by Burruwer� aaa eact�insura��company conccmed this instrumer:t;�ut aut_prior to acaleration cnder paragfaph
<br /> � is herebq authorized ana direzted to maJce paymenc for such Joss !2 unfess agpP�c��te,taw providrs atherwise). 'i'h�notiCe sh�Il
<br /> �ire�tly to the Leadu iostead of to tht Borrower and the specify: (a)t�e deFanIr, (b)nc�aaion required to cure the
<br /> �dt�la��lY.�d the irtsurance proceeds. or any part thereof, defaulr, (c)a d�te.naE less than 34 days fro�the dut the
<br /> � may be apDiied by ehe i.ender at its oDtioa either to the notice is given tG�ac�dwer, by which the dtfault m�st br cured;
<br /> redu�ion of the indebtedness fiereby secured or to the and(d}��t fiilur4•r�1_cure tht default on or txfore t6e due
<br /> ratoration or rcpair oP Wt properry dunz�ed, Jn e�r�t of sp�cified in tke naur�may result in acoeteration of the sums
<br /> foreslosure of this instrument or other trttasfer of titie to the secured by th;s in�.t�-,,.ment and cale of the Property. 7'he noSice.
<br /> � mortgaged property in p�tir�gui��ent of tlie indebtedness shall further utfctr,.t•BarrQwer of the right to reinstate after •
<br /> � , sxvred hereby,a11.�cighi,titIe aud jaierest nf r�e BonoRer in acce[eration and�h�;right to bring a court e,cti4n to a�;crt the
<br /> . and to any in�ur-.,�p�1��e&��}�or���;�;D��o�e noa-eaistena di�fS�tfault or any oNer dtft�nse oE Sonower to
<br /> — purchaser or�t�;.. acceleration and 3ak: Jf the default is not cured on or before
<br /> : 9. Thu es additiaQa! ani!¢o;f��r8����tY�q�tbe payment �e date Speci�eQ ln,tte notfse,Lendrr at its option may requite
<br /> of tho aote dr„cn'�md;and alt sums to Gc��c.�c uader this �ram�ate paymcnt�in futl nf a1!soms secured by this
<br /> instrumenc.tt�e Barcnwer hereby assigns��t��.ender al! �-n�ment wJtttaut�;fQ�tit�demand and may invoke ttee power �
<br /> proiits�revenues, royalties,�i6�its an��ee�ris accruing.a the of sale and apy,atlzcr�eemedies pecmitted by appficable t2w.
<br /> . Borre°ker imda any and all ni�r��gas de�es ott said premises. Lender shait.lir:�jititi�!to coltect all expenses incusred ia
<br /> wits che right to rereive and�rr��;i�t for the same and apply Pwsuing the"�iet3ier�►�Fovided in this paragraph I3.ia;E.eding,
<br /> , them in said indebtednss as�;befare as aftu default in the but not Gmited to, reas�able auorneys' fees and cast�a:tide
<br /> � r contiitioas of tLis irt�trum.n�,and the Ltrsder may demand,sue evidence.
<br /> for and recaver¢ay suc8 paymencs when due and payab2t,.hut If the power o�s�?e:s�i�voked, Trustae shall record;�'notice of
<br /> shalf n��t be tet{uircd so to do.This assignmCnt is to terminare default in each corm.ty ftt�.which arry part of tli:Praperty is
<br /> — ; and F?es�ome nuU and void upon release of this instrumcnt. locateQ and shri7!�ait,��:,es of such noticc in the ireanner
<br /> , 20. That the Botrower will keep the buitctings upon said �����y aPP1f4a�:lo�law to Barrower and to the other
<br /> premises in good repair,and neither commEt aor permit waste ��ns prescribed�j�pp�fcabie law.After th:timt required by
<br /> — � upon said Iand.nor sufFer the said prea�i.�.iA be used far any applica6le law,.3'rur,tr,e sl�ti[L r�'v�pubfie e.�tisc of sale to the
<br /> � � unlawful pnrpose, persons and.in.t.fiE m�nrttrr prescribed try;;�pu�bl��aw.
<br /> � Trusta,xiilrr,uA.�mattd�:on Borrowei;s�'r�e!f seU the Property at
<br /> , ��, '3.7+.�t if the premises,or sr�-_r•,�rr:[i�cr�;, b�condemned public auctirsrs.t.��t;e Ivpkest bidder at t`.ie time and place and
<br /> + un;.es.!T�e pawer of eminent domain,or�y.red far a public un.d�r the terms detiglcsiG�d in the notice af cale in m�as.more
<br /> , use, the damages awazded,the proceeds for the tatcing of.or �ramels and in anJ orWer:�"tustee determines. Truste,;a,�k:
<br /> the cansideration for such acquisition, to the eatent of the fuU postpone sa?e of alt��c anl.,paral of the�m rt b- ablic
<br /> amouat of indebtcdness upon this instrumens and the note announcement at tl'i4 ULUR;and lace of�� � y 5 � (
<br /> ; which i.t�s given to secure remaining unpaid, are hereby assigned sale. Lender os its de?9gnae may purchase he Property at anyl� '
<br /> � by the ti�rrower tv the Lender, and ahall 6e paid fonhwith to sale. -
<br /> � said Lender to be applied by the latter on account of the next
<br />_ maturing installments of sncb indebsodness. Upon recei�t nf payr.r,;nt.:of tho pria bid.Tru;tee sh;�l�deliver
<br /> !� to the purchaser Tnu�tee'�deed conve 'n the Pro
<br /> 12. The Borrower funher agees t6at should this instrument recitaLs in tha Tr�..�stee'�dned ahall be pnma facie e�drne of the ` '``
<br /> and the n�te secured hereh not r_ � = --
<br /> ; Y �e•'.�gible for insurance under truth af tize aralcsaenai mode therein.Trustee shall ayply the
<br /> , the N�ti�aa!Housing Act within eight crsonths from the date proceeds of tre sala in �J:u.foliowing order:(a)ta all expenses of
<br /> hereC,.f•Iv�c:tten staiemmt of any of�cer of th�Elepartment of thc F�e,iacludinB�b�m,nrs;limitcd to.Trustee's fes�s a� ' �
<br /> �'� (. Hous�;,�and Urbaa Developmrni or authorizesi agcnt of the (sermi�;ed by ar�slscuBl�,taw and rrasonable attomry.' (b� �
<br /> ; Secres;�,�r of Housing and Urban Devel�pment dated subseque�t t.a ;all sums secunuS��y„his Security lnstrument; and (e)any
<br /> ;� to th.c.cq:�At months'time from the date of this instrument, cr.ress to the persan�r•persons tegally entittcd to i1.
<br /> ; declir,i�s,�to insvre said note and this mortgage, being deerr.Ri 1.n.
<br /> conc�u,�ar�:proof of such ineligib3lity).the Lender or holder�of 14. Upon acceleratiln under paragraph l3 or abandanment of � '
<br /> � the nClre may,at its option,dxlare a11 sums secured hereby �he Pro9erty, Lend�c (in person,by agent or by judicially
<br /> ; immediately due and payabtc. Notwishstanding the foregoing, aPDa�nied recciver),hall bc emitled to enter upon,take
<br /> this ort3on may noi be exercised by [he Lender or the holder of Possession�f and manage the Propeny and to caltect the rents .;, _ .
<br /> the not�when the ineligibllity foc�nsuruncc under the NalianaJ of the Propetiy irtclud9ng those past due. Any rents collected by ��::
<br /> Housin�Aei is due to the Lencler's failure to remit the �ndor or the rc,c:,.°iver shall be applied first to paym:nt of the �;;
<br /> mortgage insurance premium to tf:e Department of Housing and �sts of manabcmtent of the Praperty and collection of r-c�r:s, `
<br /> • Urban Development. inr,i�iding,but�noi limited to.receiver's fees.premlums �r.1
<br /> ; 13. That iP the Bonower Pails to ctake an ''�=�Y�r's bnndv and reasonable attomeys' fees.and the�to the "
<br /> when the same become due,or fails to con opm o�and on p�}j 11lr'"5 securyG ��this instrumeni.
<br /> with any of the conditlons or agreer.ients contained in this
<br /> ' inetrument, or the note which it secures, then the entire
<br /> _ principal sum and accrutd interest sAall at once become duc and
<br /> ; pay�ble.at the eiaction oP the Lendu.
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