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<br />�- ....rrl ,o.... :: �. , y fA -Ihe .. - att�o( the conditions or yt�eentenut conu�ed is t>� atatrutetatt. or - --
<br />t dun. who my mke proof of log d not oak promoy by dun note which it secures, tkea the eon priscnpd suns alit -act — - — - - -
<br />B0110we. and each iaawaaoe CMMY moon" is M"y interest shall at once became due and payable, at the dectim of the
<br />a... , ianf as+drtrstrF - -tor wake payanent for stick iossdirocgy so isad"
<br />the La der Wood of to the Imam and tie fades jointly, sad
<br />tie iasatam, pracnmba or may pan thtxeot way be applied by the
<br />La dw at its opias anther to the redmctioa of tie iadebodoes
<br />h a b'smemred or io the nalorataa or repair of tie PAY
<br />de mpd. Ice evest of tareol0 - P, (Adis i mm mm or other traasfef
<br />of tick to the mor"Wil property in extisgoislwoft of the
<br />iadebtedatas secured kreby, M right. We sad iiaoerest of the
<br />9M.0wa is and to arty insurance policies tkrca in force shall pass to
<br />tie- pttrchanx or grassee.
<br />9 That as additioad sad ooUsleral security for the paynteat of the
<br />now datcribed. and sat sans to beoowe die under this iattruseat,
<br />the Borrows hereby assigns to I* Lender aB Pm ft reveases,
<br />royalties, rig o and benefits am tuing to the Boawer under any sad
<br />a1Lodt and gas leases oa said p vsaisa, with the night to tuze fe and
<br />receipt for the same and soy them to said wdebte� as well
<br />bdore as a&r d&Wt is the conditions of this Emstrumerrt, and the
<br />Leader may demaad, site for and recover air, SQCb payeaeM when
<br />due and payabk but shall not be required sum do. Thn aaraignmat
<br />is to terminate and become cuff rand void upon release of Phis
<br />instrument.
<br />10 That the Borrower will keep the bu W14P upon said premism
<br />is good repair, anti: neitber commit nor perwiit' waste upon said land.,
<br />wr, soft the said premises to be used for any unlawful,paup: se.
<br />11. That if the premism or nay part thereof. be cotndonianed under
<br />the power of eminent domain, or aequiredlbua public use. the
<br />damages awarded, the proceeds for the tai4i0tE tA, or the
<br />consideration for such acquisition, to the aiAw t -'d the full amount of
<br />indebtedness upon this instrui mat, zed the nc* which itis.)rven to
<br />secure remaining unpaid, are 6athy assigned by the BGmwe'r to the
<br />Lender, and sWf, be paid forthwith to said Ilmd t to 6 spoed by
<br />the tatter on acc+aaat of the next maturing irttt3c'mrits of such
<br />indiebtWoes&
<br />12. The Borrower further agrees that should this instramvat and
<br />tie tote secured hereby not be eligible for insurance under the
<br />National Houdeg Act within eight month , firm the date hereof
<br />(whiles su caacat of any officer of the pepatumnt of Housing and
<br />Urban Development or authorized a jetet 4 I be Secretary of Housing
<br />and Urban Development dated subsequent to the eight months' time
<br />from the date of this insttuwarit, declining to insure said note and
<br />tines aorop, being deemed coac:lusive proof of sucb Ineligibility),
<br />the lender or holder of the note nay, at its option, dalare all sums
<br />secured bereby istne ttely due and payable. Notwithrtanding the
<br />foregoing, this option nay not be exercised by the Lender or the
<br />holder of the note when the ise4obility for insurance under the
<br />National Hotta* Act is due to the Leader's failure to remit the
<br />mortgage issarance pressium to the Department of Housing and
<br />Urban Devebpatent.
<br />13. That if the Borrower fails to make any payments of money
<br />when the same become due, or fails to conform to and comply with
<br />Leader shall give notice to Borrower prior to acceleration
<br />fogowiag Borrower's brescb of any covenant at agrees at in this
<br />instrument (but not prior to acceleration under paragraph 12 unless
<br />applicable law provides otherwise). The awke shall spe W. (a) the
<br />debult; (b) the action required to cure the default; (c) a due. not less
<br />than 30 days from the date the notice is given to Borrower, by which
<br />the default trust be cured; and (d) that faiare to cure the default on
<br />or before the date specified in the notice may result is acceleration
<br />of the sums secured by this instrument and sale of the Properly. The
<br />notice shall further inform Borrower of the not to reinstate after
<br />Moctletatias tad the tight to brio# a court action to sstest the aoa-
<br />w tism aw of a default or any other dtdeore of Borrower to
<br />accehation and sale. If the defnWt is not trued on or before the date
<br />specified in the notice, Lender at its optimr: may require immediate
<br />payment in full of all sums realise by Oft instrument without
<br />further demand and may invokk the power of sale and any other
<br />mail es permitted by appiii t113e law. Derider shall be entitled to
<br />collect an expenses inenrrod: 1;1 pursuing the remedies provided in
<br />this paragraph 13, including, but not Ism WI to, reasonable
<br />attomeye foes lad casts of title evidentce - .
<br />If the power of sale is inviA'ad. Trustee skall record a notice of
<br />fletault in each county in Which any part of the Prop;rryis located
<br />and shall mail copies of "(waive in the.manar presrbibed by
<br />applicable law to Borrower aid to the oOw persons praaibed by
<br />applicable law. After the um required by applicable law, Trustee
<br />shall give public notice of sikto the persons and in the manner
<br />prescribed by applicable 14* Yrastee, without demand on Borrower,
<br />shall sell the Property at pctiriu: auction to the highest bidder at the
<br />time sad place and under the terms designated in the notice of sale
<br />in one or more parcels and in any order Trustee determines. Trust e
<br />may postpone sale of all or any pared of the Property by public
<br />announcement at the time ja place of any previously sulscduled
<br />sak. Lender or its design arty purchase the Property, stsny sale.
<br />Upon receipt of payment of the price bid, Traatee shall deliver to
<br />the purchaser Trustee's deed conveying the Property. The recitals in
<br />the Trustees deed shall be prima facie evidence of the truth of the
<br />statements made therein ToWee shall apply the proca mb of the sole
<br />in the following order: (a) to all expo o of the sak, including, but
<br />not limited to. Trustees fees as permitted by applicable law aced
<br />reasonsbk attorneys' fees; (b) to all sums secured by this Security
<br />Instrument and (c) any excess to the person or persons legally
<br />entitled to it.
<br />14. Upon acceleration under paragraph 13 or aba Axwent of the
<br />Property. Lender (ice person, by agent or by judicially appointed
<br />receiver) shall be entitled to eater upon, take possession of and
<br />manage the Property and to collect the rents of the Property
<br />including those peat due. Any rents collected by Lender or the
<br />receiver shall be applied first to payment of the costs of management
<br />of the property and collection of rents. including, but not limited to.
<br />receiver's fees. premiums on receivers kwKb and reasonable
<br />attorney's fees, and then to the sums sewed by this instrument.
<br />Pays 3 of 5
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