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eves of im Iorrower will live isaedide notice by ad to the Leader, who o ntny tame groat of horn if as enrage prOmPlyr by _ . �aa+rrrs: ari itaot: ooY caaot:+tmed is heel►y MWkWiead sad anctad to taste pyseat lei such raw diractiy to do Lssdsr inaeed of to the llotrawu such the [Aida joiedy, And do' i i pttecee * Of MAY pet tlr I t racy be allbad by the Lander at itt option eider to the rednetiaa at tie i&btedeeas bw*y sweeed or to the restoration or repair Of Me property datasped. t CVM of far MCI" wno Of this iartrvnaewt a other treader of title to the =01pdvd pNropeay is esxitguislaeat Of ttre Webodan secured i oeby, all right, tide ad interest of the !coroner is ad a &sty imarsaee policies then in force siren Per to the pefdtneer cc p+rpeee• 4. 1111it as additioasd and collateral security for the payment of tk nose. &wzbed, sad all scats to become die under thin inetxuaeeat, the IOMSM bmby >ssigot, to tie Lender aD prOW revtanet; . royak(iea► rigors and besA socrai ft to the Bormwer rideriny sad A d and. ps Sim oa said prert>:es, wits the tit rex�dve and receipt for tk salon and apply them b said indtkedans "wen before as akr deport is the eooditic" of this igrxruatestt, and the Leader My demand One for andreCOW any guest payttaerttsWho die ad payable. but shall not be rewired s» to'Jo. This itssigamenrt is to terminate NO become Dull and void trgone ralt2se Of this isauument to, 't7*at /orrowes will keep the btull said premim% a gtik�Nt t;epair. and neither commit nor pe ratit waste upat: sard rand sex sulfe t the said premius to be used for any unlawful Qrti WW- 11. That if the preaises. or any part thaeaf,:be.condernned under the power of waned dooda, or attgsired ticirt; public use. the dunges awarded. the proceeds for lilt Wag oL or the ersideratios for sack a quisitioa:_to the extent of the full amount -of iodebu dow upon thus instrument and the Dote which it is given to secure reamumW napsid, are hereby as ugsed by the Borrower to the trader. and sigh be paid forthwith to said fader to be: applied by the latter oa aoeouat of the next maturing installments of such indebteeirm i2. TI`.e BcsscsXe: lurt!"r a, ens that shouwAieis instr MOM and the ante wired hereby clot be elipbk for raawtar!rax under the !National How* Art within eight ttmtaatha FOUR: cite date hereof (written sukmett of say cif = of the Depactapent of 1lousiag and Urban Developnaeal or authorized agent of titer$wretary of Housing sad Urban Deveio�aNt dated subwgwst rw ttte eight months' time f m the dtle a( lead INUumet, dixhinisg W iNNUM Said note sad thin aeKtgagr. beip*;{1eeNnod cencluaive procf(p�ritch isdiigibility), Hs f der or h 6r. or the note may. at its opum declare all sums sac vvA, baeby imawliately due and payable. Notwitltstaedisg ttte kxepisg, thin optics may not be exercised tyy the lender or the 7 holder of the role who the ineligibility for taguince under the National abasing Act is due to the Leader's Wlue to remit the r aor%W iaatrraaoe ptremiwn to ibe Departs iilt of Housing and Urban DeveiopaenL 13. That if the &Wooer taih to vale any, payment' Of fTKMY when tu . the ne fsrN~atse due, or fails to cwfixst► to and comply with sty of the coaditiioas or agMmeets COatatnd is this instrument. ce the nose twhicit it tmacums, rhea tthe entire principal stint and- *=aid Woo sW at oaee become dux sad payable. at the dWirat of the Leader shall live notice to 6tarrower prior to acceleration foltawisg ilormwa - & breach Of my: coveaaater..adredeeae it this Meat (bat not prior to accaeteeaeinrt under paragraph 12 Vales appiiesbk law provides othawin). � The. w)dm skU speafy: (A) thk defatilt; (b) tie aodM mqAV4 to cum. the.d&vk (c) a dace, not lets - . that 30 days psalm the dale thin notice es (Ciyea to Orrriwer, by *WC.- the dobAk Marv; be cW40d; and (d) that figure to care the de bWt on,', or bdm the dace specified in t1coOtioe tnsy Jesuit. is aeeek.mtion of the $urns wwed"thn. imonsent and rare of the 1*topgrty.'Ehe Boost shell &1her idotts Borrower at tots sw to iaittstisse e♦Aes . wcete mdw acid the ripltt to * couc #dionaa' *id OW.ttpar exitreece of a dt9i6aautt or asy abler dtfesse. of Borrtsv?er itr�:> ::. . accelerstiosi and ser& if is not cured on or bef *itbe date speti&d in the "Mice. Lender at its option may require iseftii;diate payseent in fWl of an sums oc' Wa by dins i1strunleat wri* fuiha demand and my invr ,i:'the power of sak and any Other r:mediet pormido by appiicalrrie law. tender shall be entitled b roiled all experma incurred in pursuing the reanedies provided in tJits paragraph 13. indatliag, * not limited to, reasonable sttprfzw foes and casts of We evidence. - if the power of safe is invoic;adi, Trustee shall record a notice of default in each county in which'say pan 41 the Property is located and shall mail copies of such notice in the manner prest:ribed by Applicable law to Sorrowcr*va to the other persons prescribed by L_ applicable taw. After the ti w'—n quired by applicable law, ?runner r shat l give public notice tap a -zm the persons and in the manner prescribed by spi0k able law. 'i'rusue, without demand on Borrower. shall sell the hofaarty At public auction to the highest bidder at the time and place sod under the iiv.= designated in the notice of sale in one or more parcels and it -i.wy order Trustee determines. ?mates iy Dilm sale of alt or W1,•parcel of the froperty by VA*c aanoBnoenNeet at the time ad Pisa of any p mviotnly schseQitted sale. tender or its chignon may pc►rchaae t'JSe Aroperty n any sale. Upon receipt of payment 411C price bid. Trttstae shall deliver to the purchaser Trustee's deed (DO, rveyins the Property. "rite recitals in the Ttusioet deed •'(tell be pus= facie evidence of the truth of the statesneats Mad lfiweeia. TttOw shall apply the proceeds d the sak ; in the kMowiag' otrdei: (a) to AN expetDes Of the sale. including, but not limited to. TrwiWs pea as permitted 6y appiicyWe Law+ sad reasonable attorneys' lea; (by to all sums Wi Vrld b) *k security lnstrumeat; and (c) any exam to the pNtt,w4 or persons tedally entitled to it. 14. Upon wtjerstmA under paragraph 13 or abandonment of the Property. tender (in per", by agent or by judicially appointed receiver) shall be entitled to ender upon, take pmwuion of and flume the Property sad to oolW the rents of the Property including [hoar, IIA t due. Asy rents collected by Lender or the receiver shall kts applied first to payment tithe costs of management of the Prope*.4ad coM&W#& d rent', including, but tat limited to. rMd-jer's pea, premium m rtseivees bonds and reasonable ars..tL omy's fns, and titan todie sums secured by this inNrument_ _ .- -- vQ 3 or 5 Mb -%1143 T•1 +w l i