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event of loss Borrower will give immediate notice by mail to the Leader. who may make proof of loss if not made promptly by Borrower, and each insurance company concerned is hereby authorized and directed to nuke payment for such toss directly to the Lender instead of to the Somawer and the Lender jointly, and the insurance proceeds, or aay part thereof, may be applied by the Leader at its option either to the reduction of the indebtedness hereby secured or to the restoration at repair of the property damaged. In event of foreclosure of this instrument or other transfer of title to the mortgaged property in extinguishment of the indebtedness secured hereby, all Tight, title and interest of the Borrower in and to any insurance policies then in force shall pass to the purchaser or grantee. 9 That as additional and collateral security for the payment of the rote described. and all sums to become due under this instrumem G.: Borrower hereby assigns to the Lender all profits. revenues. royalties. rights and benefits accruing to the Borrower under any and AD ord and gas teases on said premises, with the right to receive and receipt for the same and apply them to said: indebtedness as well before as after default in the copditions of r1lis instrument. and the Lender may demand. sue for and recover any such payments when due and payablez but shall not be required so to do. This assignment is to terminate and become null and void upon release of this instrument. 10: That 1h, Borrower will keep the buildings upon said premises Jwpw i vlor;:.in¢ ue#he�r commit not permit waste upon said land. luxtak. -if c aqi �m0sdus be used for any unlawful purpose. jstvmise!; oi:aay part thereof. be condemned under tlie. (s� xrr euf rtrii wn dotticita~� at rcquirad for a public use, the `' . iltimuns awarded;- the pwi"Ll hir the uAing of. or the c6nik ration for such acquisitftm.to J-c extent of the full amount of ittilebtedness upon this instruza =t and the note which it is given to secure remaining unpaid, are hereby assigned by the Borrower to the Lender. and shall be paid forthwith to said lender to be applied by the latter on account of the next maturing installments of such indebtedness. 11 The Borrower further agrees that should this instrument and tltamote sewed hereby not be eligible for insurance under the National H=m g Act within eight months from the date hereof ( *mtten sta: =ert of any officer of the Department of Housing and Uii an Development or authorized agent of the Secretary of Housing wd Urban D ivelopment dam subsequent to the eight rn:msW time Emb the date f i'lis idst: zme. declining -ta insure said note acd this mortgage; : raii}g 4m= -4 wmsiasive ;;mcf of such ineligibility,':. the Lender or ti Qir: mai may. at its. option, declare all surrs secured hereby im:nal;at t due and payable. Notwithstanding the foregoing. this option ma r stu be exercised by the Lender or the holder of the note when the ineligibility for insurance under the National Houn#q Act is due to the Lender's failure to remit the mortgage ins;..a= premium to the Department of Housing and Urban Development. 13. That if the Borrower fails to make any payments of money Win the same biome due. or faits to cons b-.- n, to and comply with any of the conditions or agreements contained in this instrument, or the note which it secures, then the entire principal sum and accrued interest shall at once become due and payable, at the election of the Lender. Lender shall give notice to Borrower prior to acceleration following Borrowers breach of any covenant or agreement in this instrument (but not prior to acceleration under paragraph 12 unless applicable law prtnidz otherwisei- The notice shall sped4- (4)•the default: t b i the- action, ttyuired to cure the default, (c) a date; trot- less than 10 days from thedatethe notice is given to Borrower, by. which. the defauil:.tisti.� lie cures: and,(d) that failure to cure thwdefault our... or befomi1'L -dente specified in the noticrttray result.imacceleratigw of titesuirs� u:ed by this instrument and sale of theRto" y- Ilia tsxtti6 --i! ajl. fu-.her inform Borrower of the right to reiiistfild ifter . . wxje aJi and the right to bring a court action to asstrtt the non- default or anv other defense of Borrower to acci%ratt(m; autf:sale. If the default is not cured on or before the date specified 6. tlte� r:otice. Lender at its option may require immediate ' payment in full of all sums secured by this instrument without further demand and may invoke the power of sale and.a6y other remedies permitted by applicable law. Lender shall be entity. to , collect ail expenses incurred in pursuing the remedies prpiida_4i qt - this paragraph 13, including, but not limited to, reasonaWa attorneys fees and costs of title evidence. If the power of sale is invoked. Trustee shall rwo-c'z nonce of.:. default in mcch county in which any part of thr p:opee:tg is 43M726 and shall m:ux,copies of such notice in the manarr gremriisd iby? applica'b't h :•w to Borrower and to the other persons �reswi'rr_d :wy applicable law: After the time required by applicablekw. Tnw= sbaiI give public notice of sine to the persons and in the mariner prescribed by applicable Iaw. Trustee. without demand on Borrower. shall sell the Property at public auction to the highest bidder at the time and place and under the terms designated in the notice of sale in one or more parcels and in any order Trustee determines. Trustee may postpone sale of all or any parcel of the Property by public announcement at the time and place of any previously scheduled sale. Len: °r or its designee may purchase the Property at any sale. Upon receipt of payment of the price bid. Trustee shall deliver to the purchaser Trustee's deed conveying the Proper; . The recitals in the Tnutee's deed shall be prima facie evidence of true truth of the statements made therein. Trustee shall apply the ;m. wds of the sale in the following order. (a) to all expenses 4� tb- rrA-- including. but not limited to. Trustee's fees as permitted by appt im a law and reasonable attomeys' fees; (b) to all sums secured 1 ry i s Security l:astrumenc and (c) any excess to the person or pets: vs legally antitled to it. 14. L•Feau acceleration under paragraph 13 or abandonment of the Property, Lender (in person. by agent or by judicially appointed receiveri shall be entitled to enter upon. take possession of and manage the Property and to collect the rents of the ? *• rPrty including those past due. Any rents collected by Lenedtr or the receiver shall be applied first to payme7re of the costs of management of the Property and ecilection of rents, utc:uding, cat not limited to, receivers fees. premiumv,,cn• d ceiver's bonds and gable utorney's fees, and then to d;te sums secured by Chen a,._: ument. P3ge_of s tW11V421630T -1 U A i r r� I