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r ftE•i3CC(1fii.:� � 103414 89- 102907 event of kua Borrower win give immediate notice by mail to the Leander. who may make proof of Wan if nit made promptly by Btxrown. and each insmaoe compssy "mud is hereby awborind and eta NMed to wake payaest fcx Such 1066 dirE, -ily to IM Lender atatsad of to the Borrower and the Lender jointly, and the iaswaaoe proceeds► 6r nay part shoved. may be applied by the Leader at id option either to the reduetios of the indebtedness hereby attcWW or to the restoratiom or repair of the property daanged. Is event of foree:koatre of this imttwment or other ta►askr of tick 10 the tehrtrtgagd property is extinguishment of the iadab%dneas secured hereby. all rigor, title and interest of the Borrower is aced to Nay insursam policies then in force shall pass to the purchaser or grantee. 9. That a madood and collateral security for the payment of the note described, nod: all sums to become due under this instrument, the Borrower hereby Wigan to the I,arrfer all prow revenues, rayaham righn and benefifrs smraiatg b the Borrower under any and IIA eii aced gas bon on said pntmires, writlt the right to receive and recript for the saase ad apply theist to Said indebtedness as well bdare as of er "aft in the oosditioues of tbif, iaatrutnent. and the Leader may den" sue for and recover nay such psytaents when deer and payable, but shall nit he required ao to do. This assignment is to reranisate and become aatld; and void upon release of this imtt ""t. 10. That the Bextvwer will keep the buildiags upon said Premises in good repair, and stithcr oneeanut nor Permit waste upon said land. not suffer the said preruisea to be used for any unlawful purpose. 11. That if the preatiset . or. any part thereof. be condemned under the power of erniamt domain. of acquired faux a public use. the dmtagcs awrarded. the proceeds foe the ukiag of. OF the coo angtioa for such acgeaisitioa, to the eateat of the full amount of iadelftf aess"tiff$ tattrlEml'At ago tit. rote Waco a is gMCn io secure femsiaiAg unpaid, are hereby anoed by the Borrower to the Leader. and $hall be paid forthwith to aid Leader to be applied by the latter on coquet of the next maturing insuitmem of such isdebtedsess. 12. The Borrower further agrees that should the instrument and tlt[sOW secured hereby fat be eligible for isaraaee under the Niatiosa Housing Act within eight months from the date bewd (wai" malemtmi of any officer of the Departmest of Housing and Vfts Development or authrxized agent of the Seexetary of Housing sad; Urban Development dabdi'subsequent to the eight mood+' time fiats the date of this inwusart. , decWwtg to =are said note and this suortgage; being deewed coa wive proof of suer isdipbility). Me Leader or holder of the note say, at its optics, declare all sums secured her ft iamraodistely due and Payable. N otwithsunding the faegoiag, this opow nuy rat be exercimd by the Lender or the hA for of the note *ben tlst waligibility for insurance under the Nstimal Hoa ft.Act is durto the Lender's failure to remit the atorlgye ias� premium to the Delwiment of Housing and Urban Developmet. 13. That if tiro Borrower: 6& to make any payments of money when the a SWIbecome dtse.'or fails to conform to and comply with E� any of the conditions or agrcements contained in this instrument, or the note which it securil. then the entire Principal sum and eueeruhed interest shall at once become due and payable. at the clec on of the Lender. Leader $hall dive notice to sonower Prior to accekxation Wowing Borrower's breach of any covenant or agreement in this iaetrumeat (but not prior to acceleration under paragraph 12 unless applicable law provides odwwise). The notice shall specify: (a) the default; (b) the action requited to cure the default. (c) a date, not lan than 30 days from the due the notice is given to Borrower. by which the default mug be cured; sad (d) that failure to cure the default on or before the date specified in the notice may fault in Acceleration of the sums secured by this instrument and sak of the Property. The notice shall further iafons Borrower of the right to reinstate after acceleration and the flight to bring a court action to awta the non - eximeace of a default or any other defense of Borrower to aooderstion and sak. If the default is not cured on or before the date specified is t1w. notice, Lender at its option may require immediate payment in full of all sums wufed by this instntment without further demand and may invoke the: power of sale and any other remedies permitted by tMicable law. lender shall be entitled to collect all expensis incurred in pursuing the remedies provided in this paragropli 13, including, but not limited to, reasonable attomeys' fem rind oosts of title evidence. If the power of sale is invoiced. Trustee shall record a notice of default in each county in which any part of the Propaty is located and shall mat =pies of such notice in the manner prembed by applicable I w to Borrower sad to the other persons precribed by applicable, loaf; After the time required by applicable law. Trustee shall give public notice of scale to the persona and in the manner prescribed by applicable law. Trustee, without demand on Borrower, shall sell th.�e. Property at public auction to the highest bidder at the ilipC im Y`� aiw� � ire wc.ur .,w.aw.►v u. ,.w ........r .......� in one or more parcels sad in any order Trustee de:urmines. Trtmw my PouPorc sale of all or any parcel of the Property by Public announcement at tiro time and place of any Previously ei..!" g-" sale. Lender cw its designee may purchase the Property at any sale.. Upon.. Ines* of payment of the price bid. Trustee shall deliver to tie pur: r Trustee's deed eonveyisg the Property. The recitak in elite tpttee s clued shall be priaaa facie evidence of the true, of the rrakaiMa-made thxxeiia. Trttatee timll.:rtppiy tk proceeds of the sale in the fo kow eg order. (aj io all eat , t - r-of the sale. including. but not firokal in. Trustee's fees as permitba by applicable law and ma*mabie- attomeyi 'fees; (b) to all sums secured by this Security lastrttatest; ad (c) any excess to the Pwon or persons Iogmlly entitled to it. 14. Upon acceleration Mader Paragra* 13 or abandonment of the Property. Lender (in person, by agent rm by jydicially appointed roceiver) shall be entitled to enter upon„ tAke possession of and manage the Property and to collect the rents of rte Property including thane past due. Any rents collected by Lender or the receiver shall be applied first to payment of the costs of management of the Property and collection of rents. incuding, but not limited to. receiver's fees, prenuum on receiver's bonds and reasonable attorney's fees. and then to the sums secured by this instrument. Papa 3 of 5 L. •` afIOT -t a lot 1j. -"I ...,i F' t< r_ r.