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<br /> ,event ot lass gortower will giv�immediste potice by mail to the any of th�canslitions or agreements cantaiaed in thiF inswmea�or
<br /> � , Leadet.w�so may make prooi of toss if nat made promptly by the�ote which it senuts.then the eatire principal sum and accrued
<br /> - Borrower.aad each insurana campany ooncemed is dereby interest s6a1!at onee become due and payabte.at the eteaion of the
<br /> ' aui�oriud aad diraxcd to make paymeat for such loss directly to lxnder.
<br /> t6e Ltuder inste�d af to the Borrower and E8e txnder jointlg,ead
<br /> ti�e inturince procaQs,or aoy part thereof,may be apptied by the Lender shall give notice ta Borrower prior to acceteration
<br /> Leedcr at iLS option either ta the redusxion of the indebtedness foiiawiag Bottower s bnach of any coveaant ar agreement in this
<br /> heceUq secuted os tp the restoration or tepair of tt�e property instrument(but aos prior to acceteration under paragraph 12 unlesc „
<br /> damagesl.in event of forectosure af tHi�insuument or other transfer applicabte law pmti-ides otheru�isel.The aot;ce shall specify.(a)the
<br /> of tiile to the mortII�ged property in exdaguis�meat of the � defa�l�(b)tbe$aion cequired to cure the default;(e)a dat�nat less
<br /> iadebtedness securcd hereby.al!rig6t,titie snQ uttemsi of the tlian 30 days from tIie date tEe aoac�is given to Bonower.by which
<br /> Barrowct ia and to aay insnruice poliaes thea in farce shall.pass to tite default must be cured;and fd)that faiture to cure the defaudt an . � .
<br /> the purchzser or gtantee. or before the•date s��in ti�e notice may result in accetergtion �� • .
<br /> , of the sums secare���t�s iustroment and sate of�the Property.'f'he . .
<br /> - 9.That as edditiona!enr!eoHateta!seee�i�}r fe*tbt paymettt of ihe rtotice sh311 fuqher•in�rm•Hcnruwec of the siQht to reir�c�ate.aftPr- � --._ _ . � ' -
<br /> aote desrn�bed,aad a1!sums to 6ecome due under this insuumen� aceeleration aad the�igfi�tQ�tg a court action to assert tde non- . :. • � � "':":��'�;
<br /> the Borrower hereby asSigns to the Lender aU profits.tevenues, eaistence of a defautF ar s��otkerdefense of Bortower to � � -
<br /> myaldes,aghts and lxnefrts aacruing to the Borrower uadcr any and acceleration and salc.U the drfacle,is not c�d on ar before�he date � ' ,'� '.
<br /> all oD and gas ieas�s on said premises.cvith the right ta Feceive and specifed in the aatic�I.eu,�uat its option may require im�nediate '
<br /> reaeipt far the same and apply them!.o said iade6tedaeesss as well payment in fuI!af sII sum>�cuned by this instrument withflut �
<br /> btfort as after Aefsutt in the conditions of this insuument,and the fucthet demand and map 3in���the power of safe and any ather .
<br /> .
<br /> Lender ma ,demand,suc for and recover an-snch eats when remedies rmitted b a licabie law:Lender"shall tie enatled to '
<br /> Y Y PaYm Pe Y PP �
<br /> due and payable,bnt s6aU not be required so to da.This assignment colIect aA ezpenses irtcurred in pursuing the remedies provid�in�� .
<br /> u to terminate and become null and void upon release of this thu paragraQ� 13,induding.but nnt limited to,reasanab2e .
<br /> instruraene attomeys'fees a�d casts of title evidence.
<br /> 10."fluu ihe Barrower will keep the buildiags upon said premises If�hc power of sate is invoked,Trastee shall record a ao•:i�e oY �
<br /> " ia good cepair.and aeither cammit nor permit wa�te upan said iand,���, de�if�in each county in cctsp�t any part of the Property is loeated `
<br /> aor suffer the said�remises to be used for aay�ntawfu!parp�,x. . � audshaU mail znpies of snch notice in the manner prescribed by .
<br /> appticabte law r��nttnwe�and to the oiher persons prescribed by
<br /> � 21.'II1aa4 if ihe premises,or any part thcreo�be�condemae�i:-r�der applicable lav�.A�tht�t�mc required by applicable law.Trustee
<br /> thc p�xer of eminent domain,or acquired for•a pubtic tue.the shall give public ao�ae of sale to the persons and in the manner �j :�,
<br /> damages awarded,the proceeds for the taking of,or the prescribed by ap;ticable law.Trustee.without demand on Barrower, '
<br /> consi+�raGon for such acquisition.to the extent of the fuU amouni of shall sell the Propetsv at public auction to the Gighest bidder at tbe , •
<br /> iadebtr,claess upon this insuument und the notc which it is given to time and place aa,.'.under the terms designated ia the natice of sale�, � '
<br />, seca�e,a+emaining�unpuid,�a{e hereby assigned by the Battower to the in one or mare;a�n.ets and in any order Trnstee determines.Tr�stee�
<br /> , . Lender;and shdl Ce paid forthwhh to said Lettdet to 4�e wpptied by may postpone saf�of all or any parcel of the Property by publ�r� . ' •:
<br /> the taitcr on aoas�entuf tlte�next maturing ins�allcelantv�of such arr.e�ACemeat at ehe time am��place of any previously sche�nted • • ".�
<br /> iadebtectrtess. saf�'k.ettdet or its designee sr.a��urch�.se the Property ae�ny sate. •
<br /> � � t
<br /> 12.V'he Borrower furiher agrees that should ihis instrument azd L'pon rereigt c`�ayment pf t3re price�i�'�rustee sfiaU deliver to.
<br /> tlu note secured hereby not be eligible for insurance under che tl.?�purchaser Trus[ee's dee�cc�veying the Property.The recitats in •'
<br /> National Housing Aci within eight months fcorc�the date he�eof cL�Tr�stee's deed shall be grir.:a facie evidence af the truth of the �
<br /> (written statement of any officer af the Uepart�ent of Hausing and sca-�rnencs made therein.T�s:ee shall apply the praceeds af the sale ;
<br /> Urban Development or authorized agent of i�e�cretary af Housing in the foltowing order:la)to aSl expenses of the sate,includirtg.but
<br /> aed Ur1�n Dtvelopment dated subsequent to t":e eight months'timc not timited to.Trustee's fees as permitte<t by appticablc law and "
<br /> from the date of this instrumen�s�eclining to iasure said aote and reasonabte attocr�s•s fee.c:(b)to all sums secured by this 5ecurity '�� �''
<br /> this mottgsge,being deemed condusive proaf�such ineligibility), Inst�umerit;and(c)any exr,ess to the person ar persons le$aUy �
<br /> the Lender or hotd�raf the note may,at iu c�::on.declare all sums enar!�:d to it. �
<br /> secured here6y i�smadiately due and payable.fYotwithstanding the . '
<br /> foregcttilt8i thisopt+on may not be eaercised by the Lender or the !Z. l/pon ucceteration undw paragraph 13 or abandonment of the �
<br /> holdePtattde note when tAe inetigibitity for insurance under the Praperty.Lertder(in person.by agent or by judicially appointed
<br /> Natioe�l Housiag Act is due to the Lender's failurc ta remit the receiver)shall be entitled ca enter upon.tatce possession of and
<br /> mortgage insunnce�remium to the Ikpartment ot Nn�ssing and manage the Pr�perty and to collect the rents of the Prupeaty
<br /> Urbin Devetopment. inctuding thase past due.Any rents collected by I.ender a:the
<br /> .---...--..-.--.---._ ..._ .__ ... . . . ........_. . .... receiver shall be appfied first to payment af the costs af ma�agement. . _ _ ....._...----.-.--.
<br /> 13.Thtt if tAe Borrawer fails,a rnake any payments of money ot the Praperty and collec:tion of rents,including.but not limitcd to.
<br /> when the same becoma duo;or fails to cnnfarm to and c;c�mply with receiver's fees.�remiums oa ruaeiver's boeds and reasonable
<br /> � attorney's fee5,and then to the sums sccurcd hy this instrur�;�t.
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