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<br />11. That ifttwe'primises, or any part thereof, be condeettned under
<br />the power of emaiment domain, or acquired for a public w'611 the
<br />damsgn awarded. tie proceeds for the taking of. or the
<br />Comideratiion for Sack acquisition. to the extent of the full amount of
<br />Whbtedom upon this instrument and the note wkicb it is given to
<br />secure remmiag unpaid. are hereby am4ned by the Borrower to the
<br />Leader, sad call be paid forthwith to said Leader to be applied by
<br />the latter on account of the next maturing installments of such
<br />iiraiehsedaep.
<br />f 2. The Sxm*er further agrees that should this iasr«'n=ent and
<br />chic nett W. ,11Mt Weby mat br. eligible (0r iinu Fs. rwac,er+ 44e the
<br />Wotimal H;m* Act wjt,%-v .eight mantles from the dot: thereof
<br />(tact ow statement of say olffixr of the Department lac, (lousing and
<br />(;,shorn Development or iwlioriaed ajeat of the Secretary of Housing
<br />and Urban De"Wpoeat dated subsequent to the eight months' time
<br />from tlk date of this inttrsommi, declining to insure said note and
<br />this more jW bang deeratn l gandusive proof of such ineligibility).
<br />the Leader or holder of tl ie,srste may, at its option, de jare all sums
<br />secured hereby immediwle rime and payable. NotwaW*nding the
<br />foregoing, this option may not be exercised by the lender or the
<br />harder of the note when the ineligibility Far insurarwe under the
<br />National Housing Act is due to the Leader's failure to recent the
<br />nMINSIC WSYraace premium to the Ueptrtmest of Hrwaaxfg and
<br />Urban Droelopro"t.
<br />13. That if the Borrower fails to MAU any payments of money
<br />when tk same become due. or fails to ai kwas to sad comply with
<br />w o owes a to. t ..ether persons pnxerrBted by
<br />applicable law. After the time requked by applicable law, Trustee .
<br />shall give public notice of sale to thapersims sad in the manner
<br />prescribed by applicabk law. Trustee, without demand on Borrower,
<br />shall sell the Property at public auction to the highest bidder at the
<br />time and plate and under the terms designated in the notice of sale
<br />in one or more parcels and in any order Trustee determines. Trustee
<br />may postpone sae of all or any parcel of the Property by public ; ,
<br />announcement at the time and place i1any previously sewukd
<br />sale. l.eOW.. at its desilow may purchase the Property at any sale,
<br />(;,rte rc4tipt of payment of the price bid, Trusw **19 deriver to
<br />;ems, .t,'4-J saner Trusts 'c der, : co nveying Ox PWPer;F. -Ism raw,* ar.,
<br />the Trutt mI deed Shall be prima facie 16YA :►,x of the truth cvf tact
<br />Natrrtterukt aa4de therein. Trustee Shall sp;kv) ilre proceeds of titatlte
<br />in the following order: (a) to all expenses of fete �*k including, bit
<br />not limited to, Trustee,!i flea as permitted by appIkz& -k law sad
<br />reasonable attorneys',fi ,(b) to all sums secured Jay obis Secutky
<br />Instrument; and (c) sap ¢zees to the person or puns kptlr '
<br />entitled tv it
<br />14. Upon acceleration wAer paragraph 13 or "Id3ontwnt cif the
<br />Property. Lender (in person, by agent or by judicisttj..appointed
<br />receiver) shall be entitled to enter upon, take posmsion of and
<br />manage the Property and to collect the rents of the Property
<br />including those past due. Any rents collected by Leads or cite
<br />receiver shall be applied firs to payment of the costtief-edanaaetnent
<br />of the Property and cotleciiotn of rents. including, but sot limited u,,
<br />receiver's fees, premiums oW receivei s bonds and reasonable
<br />attorney's tees. and then to the sums secured by this instrument, "
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<br />VV ent Of tuSa Borrower WM give immediate ototiex by mail to the a
<br />1~ 1
<br />Deader, who racy salte proof of lane trot wade promptly by t
<br />the note which it secures, then the entire prints stem and accrued
<br />forrpet M Wad each n swanee cmPWay concerned is hereby i
<br />interest shall at once become due and payable, at doe election of the
<br />Uskirigad OW &eclad to [crake p yae.a for such loss directly to B
<br />Bader._ -
<br />tlae Lwdei iallead of to -
<br />tlae iaattraace praceedr, or say part deereA achy be applied by the L
<br />Lender shall jive notice to Borrower prior to acceleration
<br />LaWw act its option etlhw to -tat ndrctic - - of tit indebbdseas U
<br />UbwiW j Borrower's btracirof any Coveraat or a jreaaent in this
<br />hemby tecurad or to the rnbratiom or repair of the property i
<br />imtruraatt (but not prior to acceleration under paragraph 12 eiatees
<br />dace W& In erant of forecioat m of thin instrument or other traaskr a
<br />applicable law provides Aawim):.The notice shalt spew. (a) the
<br />Of We b the tworya jed property it estia jakliment of the d
<br />debuh; (b) the action required to cure the default; (c) a date, not less
<br />:: SpAebasdreas aecWred. hereby. alt right, tide and irrerat of the t
<br />than 30 days from thi date the notice is given to Borrower, by which
<br />Blower in and to asry insurance policies then in fote~e shall pas to t
<br />the default must be cured; and fd) that failure to cure the default on
<br />`= ifite` 0 —chw of FARM. o
<br />or before the date specified in the notice may result in aoxelentkm
<br />.Tha4sa Wfisomat and coltatere xvw4y for the payment of The ,
<br />of the suns secured by this iastrumeat sad sale of the Property. The
<br />-Mild as seas m become due under this hUtrurcent; ,
<br />, :; atxx<leratigp itnd the ti H to bring p court action to assert the MS.
<br />thesormwAwftmwwtalkt eader sit pro6ta, n.a"Utd,- ', . °.^ " .; :
<br />: `, exit;Deiw; tifa default or any other Morse of Borrower to
<br />royaltitn, rig dsctrid base*awrvinj to the BorrowerVai'W" any tf _
<br />_ :'imeleratkto and salt..tF16 defaitt(.irsot eacheel on or before tk date
<br />$11 ail sad 8" haws oo,sill premises, with the ri jhi tb textyr. ate � .. `
<br />`'` .'Oectified in the natlW %a*t *t Its apption may requite immediate
<br />reotipt for the share ird. " , y them to said itteiebtedaais: :mac jell: ; `
<br />`psymcat in full of all `sib 3+ota rrxL liy this rttstrttntent without
<br />before as afkr default in'�.onditions of this instrumxtr ,eid Lire :': ` f
<br />further denwo and nosy invbtt~ the pmiver of sale and say other
<br />Lender may demand. satfur: And recover any such psymipi wbm r
<br />remedies! permitted by applicable.li4W- lender shalt be entitled to
<br />due sad payable, but sBta l be required so to eio. This asurnsent c
<br />collect sit "expenses iecurred in punesemg the remedies provided in
<br />is to terminate aad become it W and void upon release of this. t
<br />this paragraph 13, includiaj. but not limited to, reasonable
<br />instrument. s
<br />ssttomeys' fors and costs of tide evidence.
<br />10 That the BorrovwwiU -kzep the buildings upan!Wv tl,premist .
<br />if tire: j"wer of sale is invoked, TiuSt.'shall record a notice of, '. .
<br />is good reprir, and aeNkees iitmit nor permit waste upw,9W lath., . .
<br />.
<br />nor sWFer the said pretttir"to be used for any unbwfui' patpose.. ' "
<br />"and d a+A' trail copies of such notice it. %c manner prescribed b
<br />applicable s t Gorr a
<br />11. That ifttwe'primises, or any part thereof, be condeettned under
<br />the power of emaiment domain, or acquired for a public w'611 the
<br />damsgn awarded. tie proceeds for the taking of. or the
<br />Comideratiion for Sack acquisition. to the extent of the full amount of
<br />Whbtedom upon this instrument and the note wkicb it is given to
<br />secure remmiag unpaid. are hereby am4ned by the Borrower to the
<br />Leader, sad call be paid forthwith to said Leader to be applied by
<br />the latter on account of the next maturing installments of such
<br />iiraiehsedaep.
<br />f 2. The Sxm*er further agrees that should this iasr«'n=ent and
<br />chic nett W. ,11Mt Weby mat br. eligible (0r iinu Fs. rwac,er+ 44e the
<br />Wotimal H;m* Act wjt,%-v .eight mantles from the dot: thereof
<br />(tact ow statement of say olffixr of the Department lac, (lousing and
<br />(;,shorn Development or iwlioriaed ajeat of the Secretary of Housing
<br />and Urban De"Wpoeat dated subsequent to the eight months' time
<br />from tlk date of this inttrsommi, declining to insure said note and
<br />this more jW bang deeratn l gandusive proof of such ineligibility).
<br />the Leader or holder of tl ie,srste may, at its option, de jare all sums
<br />secured hereby immediwle rime and payable. NotwaW*nding the
<br />foregoing, this option may not be exercised by the lender or the
<br />harder of the note when the ineligibility Far insurarwe under the
<br />National Housing Act is due to the Leader's failure to recent the
<br />nMINSIC WSYraace premium to the Ueptrtmest of Hrwaaxfg and
<br />Urban Droelopro"t.
<br />13. That if the Borrower fails to MAU any payments of money
<br />when tk same become due. or fails to ai kwas to sad comply with
<br />w o owes a to. t ..ether persons pnxerrBted by
<br />applicable law. After the time requked by applicable law, Trustee .
<br />shall give public notice of sale to thapersims sad in the manner
<br />prescribed by applicabk law. Trustee, without demand on Borrower,
<br />shall sell the Property at public auction to the highest bidder at the
<br />time and plate and under the terms designated in the notice of sale
<br />in one or more parcels and in any order Trustee determines. Trustee
<br />may postpone sae of all or any parcel of the Property by public ; ,
<br />announcement at the time and place i1any previously sewukd
<br />sale. l.eOW.. at its desilow may purchase the Property at any sale,
<br />(;,rte rc4tipt of payment of the price bid, Trusw **19 deriver to
<br />;ems, .t,'4-J saner Trusts 'c der, : co nveying Ox PWPer;F. -Ism raw,* ar.,
<br />the Trutt mI deed Shall be prima facie 16YA :►,x of the truth cvf tact
<br />Natrrtterukt aa4de therein. Trustee Shall sp;kv) ilre proceeds of titatlte
<br />in the following order: (a) to all expenses of fete �*k including, bit
<br />not limited to, Trustee,!i flea as permitted by appIkz& -k law sad
<br />reasonable attorneys',fi ,(b) to all sums secured Jay obis Secutky
<br />Instrument; and (c) sap ¢zees to the person or puns kptlr '
<br />entitled tv it
<br />14. Upon acceleration wAer paragraph 13 or "Id3ontwnt cif the
<br />Property. Lender (in person, by agent or by judicisttj..appointed
<br />receiver) shall be entitled to enter upon, take posmsion of and
<br />manage the Property and to collect the rents of the Property
<br />including those past due. Any rents collected by Leads or cite
<br />receiver shall be applied firs to payment of the costtief-edanaaetnent
<br />of the Property and cotleciiotn of rents. including, but sot limited u,,
<br />receiver's fees, premiums oW receivei s bonds and reasonable
<br />attorney's tees. and then to the sums secured by this instrument, "
<br />Page 3 of 5
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