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$�--� 102688
<br />apply them to said urd0te.hicss as well Wore as alb :r default tit the conditions of this instrument, and the Lender may de•
<br />nand, suc for and reco%c r an% such payment-, when due and payable, but shall not he required so to do. 'Phis assignment
<br />is to terminate and ti conic null and void upon release of this instrument.
<br />10. That tlig: Burrower will keep the litiddinns upon said premises in gout repair. and neither commit nor permit waste
<br />upon said land, nor suffer the said premises to he used for any unlawful purpose.
<br />1 i . That it the premises, or any part thereof, be condemned under the pow er of eminent domain, or acquired for a public
<br />use, the damages awarded, the proceeds for the talking of, or the consideration for such acquisition, to the extent of the full
<br />amount of indebtedness upon this instrument and the note which it is given to secure remaining unpaid, are hereby assigned
<br />by the Borrower to the Lender, and shall be paid forthwith to said lender io he applied by the latter on account of the next
<br />maturing installments of such indebtedness
<br />12. The Borrower further agrees that should this instrument and the note secured hereby not tit eligible for insurance
<br />under the National Housing Act within eight months from the date hereof (written statement of any officer of the Department
<br />of Housing and Urban thv'elopment or authorized agent of the Secretary of Housing and Urban ihveiopment dated subse-
<br />quent to the eight months' time from the date of this instrument, dct:tittitag to ('nsuce said nece:rNJ lisle n- oMkge. Eyeing deem-
<br />ed conclusive proof of such ineligibility), the Lender or holder of Ozca nixie Inky, at its optxsn,, dX1aw..all,uru secureed hcmby
<br />immediately due and pavahle. Not*idiNwnding the foregoing, lh•rr; 0,,Nfit)n tltvl }• not be exercised by the 4.nder of the I7ttlder
<br />of the note when the ineti:gil ?ihity for iusurance under the NationaP, Fdt*i,,si ng AO is due to the Lra4er% radure to remit the
<br />mortgage insurance prenti.wrr. to the Department of Housing and UrNin Development.
<br />13. That tf the &+rrower fails to irtahe any payments of money when the same become due, or fails to conform to and
<br />comply witM any of the cYat ?ditions or ;► racments contained in this instrument, or the note which it secures, then the entire
<br />principal sum nrcd accrueth interc%l shall at once Ix-come due and payable. at the election of the Len&v.
<br />Lender shai) give notice to Borrower prior to acceleration billowing Borrower's breach of any Olie ^ant or agreement
<br />in this instrument (but not prior to accelerrauon under paragraph 12 unless applicable lavv provides otherwise). The notice
<br />shall specify (a) the default; (b) the action required to cure the default; (c) a date, not less than 30 day: €sum the date the
<br />notice is given te.Borrovicr, by which the default must he cured: and (d) that failure to cure the default on or before the
<br />date .peciftedi ia. the nttxts�; c.-,a% result to acceleration of the suer secured by this instrument and sale of the Property. The
<br />nuticc shall feather inftirm Borr%�%er of the right to reinstate alter acceleration and the right to bring a court action to assert
<br />the non - existence of a dcfajea it any other defense of Borrower to acceleration and sale. If the default is not cured on or
<br />Nfore the date specificd i,, the notice, Lender at it% option may require immediate payment in full of all sums secured by
<br />chi% instrument without further demand and may in%oke the power of sale and any other remedies permitted by applicable
<br />C•au _ 1 ._n.trr .Flyll tw emit! !.` .:el! :'t al! �Xe�....... m urrrd it.. pur -,wing the rcir'tediii pitividud iii This paragraph B. in-
<br />cluding, but not Inmted to. reasonable attorneys' fees and cost. of title evidence.
<br />If the power of sale in invoked. Truster .hall record a notice 411 default in each county in which any part of the Property
<br />is located and shall mail aspics of such notice in the manner prescribed by applicable law to Borrower and to the other persons
<br />prescribed by applicable law After the lime required by applicable law. Trustee shall givepublic notice of sale to the persons
<br />and in the manner prescrtbW by applicable law 'Trustee. vitthorut demand on.Borrower,, , 11 sell the Property at public
<br />auction to the highest hed3er at the lime and place and under the terms designated in the n6tiee of sale in one or more parcels
<br />and in any order Trustee determines. Trustee may postpone sale of all or any parcel of the Properly by public announcement
<br />at the time and place of any previously scheduled sale. lender or its designee may purchase the Property at any sale.
<br />Upon receipt of payment of the price bid. Trustee shall deliver to the purchaser Trustee's deed conveying the Property.
<br />The recitals in the Trustee's deed shall be prima facie evidence of the truth of the statements made therein. Trustee shall
<br />apply the proceeds of the sale In the following order: (a) to all expenses of the sale, including, but not limited to. Trustee's
<br />fees as permitted by applicable law and reasonable attorneys' fees; (h) to all sums secured by this Security Instrument: and
<br />fc) any excess to the person or persons legally entitled to it.
<br />1.4. Upon acceleration. under paragraph 13 or abandonment of the Properr) Lender (in person. by agent or by judicially
<br />appointed receiver) shAU Ex- entitled to enter upon, take possession of and tnxn.:ge the Property and to collect the rents of
<br />the Property including t614ts;: past due. Any rents collected by Lender or the receiver shall be applied•first to payment of
<br />the costa cH1 management of the Property and collection of rents. including, but not lirnit:•rai co. receiver's fees. premiums
<br />a'in receiver's bonds and reasonable attorneys' fees, and then to the sums secured by this instrument.
<br />i
<br />FS. Upon payment of aM sums secured by this instrument. Lender shall request Trustee to reconvey the Property wid shall
<br />surrender rhi!. instrurncnr'and all notes evidencing debt secured by this instrument 63 Trustee. Trustee shall receavey the
<br />Property wt•rthrut wartanly and without charge to the person or persons legally entitled till it. Such person or persims shall
<br />pay any r6a °krdatton a:o s.
<br />16. Linde ; 41 its option, may from time to time remove Trustee and appoint a successor trustee to'ahy Trustee appointed
<br />hereunder l?y: an intrument recorded in the county in which this instrument is recorded. wctliwt conveyance of the Property.
<br />the ,uccestPr•tru%fce shall succeed to all the title, power and duties tonferred upon Trustee herein arcd:b], applicable law.
<br />' 17. Beumwer requests that copies of the notices of default and sale he sent tit Rornctvcr', address A hich is the Property
<br />Address
<br />Llit If one it more riders are executed by Borrower and recorded together w ith this instruniew, the L.ncnants anti agreements
<br />tit each such rid,--r shall he intorpcirated intit:md shill amend and supplenicnt the cot this inslrunieni
<br />as if the riderts► were s part cif this in•druinent
<br />Ito the oticrutiv. hcrcin umi,mied shall hind, .end the henefils and .edr.cnt.tpes %full uictrt• tit, th,- rrslx,tisr hru% r.•
<br />et till ,r,. :dnuni trat, r% sot t ct., its .o J it-ly i, of Ow lurlic% heteitt w ht•rit•ter u.c.I. I{c -.u,)•ul.cr tit ni tic r shat l cot Itit)r the
<br />l,fur. ;1 Ow lciur.el it.. - ,sign) it .mil the u�t• „I ate, i•rn,hr shall inthitte ,111
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