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<br />89--o 105307
<br />event Of loss Borrower will give'immediste sotim by ttaarl to the say of the aomdimm or agreements co rained in this insuatateat. or
<br />Leader. who may make proof of tans if not trade pr oldy by the vote which it secures, then the eatire priscipal sum and accrued
<br />- -- +: rst!d_t� iit►iuraeor•- ,
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<br />authorized and &ftctod to rrake poymeat for sac h loo directly to Lender.
<br />fie Leader inpead ofto the borrower and tie Larder joistiy, noel
<br />tie tnsurance Vooeeda Or eey Put M96K ANY be applied by the
<br />Leader at its option either to tie redaction of the ioddadnets
<br />Lender shall give notice to Borrower prior to acceleration
<br />foNotriag Borrower's breach of nay covenant a agreement in this
<br />hereby aearred or to the resttoratiow or repair of Hte property
<br />damBed. Is event of foreclosure of this idtrument or other tmnsfer
<br />ittatnrseet (bat act prim to wakration ender paraigssglr 12 valess
<br />appiiabk law provides othawft). Tie notice shalt specify, (a) the
<br />Of think to the mortgaged property in entirngnps m", of the
<br />dehult; (b) the action requited to cum the
<br />req defwtsoff a oat teas
<br />iindebtedias stxared , all
<br />hereby right, title mad int�trat of tie
<br />forrowa is and to sy immum policies then in force shall pass to
<br />than 30 days from the due the notice is rives to Borrower., by which,
<br />er, by
<br />the default must be cured; and (d) thu 6a we to tune tic debait on,
<br />tee err tlyaNAM
<br />or before the date specified in the notice may result in act *ration
<br />9. That as additional ai: MOteral security for the payment of the
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<br />of the sums secured by this instrument and sate or the Property. The
<br />aotiicee shall further inform Borrower of tyre right to teina mw afkr
<br />hots dacrr'bed, mad aA sxutltg4r b mme due under this (wmment,
<br />. She Horrowa hereby 2010*46i TLender aB proft revenues,
<br />acceleration and the right to bring a court action to assert the son,
<br />existeaoe of a default m any other dekaw of Borrower to.
<br />royalties, rights and bearer- its(ieq to the Borrower under any and
<br />aft 9d and p! Igaea a )oink' .' � ' with the right to receive and
<br />acceleration and sale. If the default is not euted on or belcre. the dot'
<br />specified in the notim Lender at its option may rrup*e iwougdiase
<br />M dpt for the same and , Them to said indebtedness as well
<br />bekwe as after default in the coisditioaa of this instrumm mad the
<br />payment in full of all sums secured by this btstrttmenr, Without
<br />further demand and any invoke the power cf satin ate. teay other
<br />Lod" may demand, sue for and recover any such payments when
<br />remedies permitted by applicable kw. Lender shall. 6if entitled to
<br />d* SW payable. but shall tspri * required so to do. This assignment
<br />collect all expenses incurred in pursuing: tfte rgmdi�,s provided in
<br />r.ta-terminate and becO etla4and void upon release of this
<br />instrument.
<br />this paragraph 13. including, but not tittrited to. reasonable
<br />altomeys' fees and coats qf. tick evideaot.
<br />10. That t1t be'rower will #acp the buildings upon said premise'
<br />in repaid;
<br />dower of sale is iry'tidced, Truster stall reuos az iititiee of
<br />goad terdstntilbea nttbit not permit waste upon said latish,
<br />am sutler the shin � *.'h� used for any unlawful purpW- .. ;.
<br />i ..&4 :tsd�.ia :Cvi hcouaty in which aa<< Pon of the Proper`) is boated:.:.
<br />��lisit_ ``brims opies of sock notice in �? tnaeaer prescribed by
<br />: 11. That if tdm41 premise`.' *"y part thereof, be eomdenrit4rsrsdec- .
<br />:
<br />- poicable 4:v to Borrower and -ter the Other persons prescribed by
<br />' s.Vpticable law. A�Manthe.Iftae required by.appFio*k1.*w. Trustee
<br />the power of eminent domain. or acquired for a public use. the - '
<br />Shall Rive public notice c4:yth to the Persons and in manner
<br />' damages awarded. the Froeefsts, for the taking of, or the
<br />. prescribed by appiicals lkw. Trusts. iAllhout demand on Borrower,
<br />consideration for such aequiiYarim. to the extent of the full P mqunt of
<br />indeboodom upon this insuvijiwt and the note which it isi giver` to
<br />shall sell the FVoInny at public auction iWy the b*best bidder at the
<br />time and Pike and under the terms designated in the notice of sac
<br />tecute `scumming unpaid. are hereby aarigmed by the Borrower CO the •
<br />Leader, and shall be paid forthwith to said Lender to be applied by
<br />: tr. one or mors.prarcels acid m any order Trustee determiacs. Trustee
<br />M y PostPOne ak Of ail CiCtiny parcel of the Property by public
<br />the latter on scoount of the next maturing installments of such
<br />isdebtedness.
<br />amc�wuacempt;: at the time and plant of any prevmouslt twclredukd
<br />sale. L,er - o tis designee may purchase the Property at any seek. ,
<br />12. Tl:; Mwrotwer farther 4ibes that should this instrurtt at and
<br />the note secured hereby act be eligible for insurance under the
<br />UPM n:ceipt of payn►enl,of the price bid, Trustee shall deliver to
<br />the purchaser Trustee's 4*' 'cmveying the Property. The recitals in
<br />National Hourigg Act within eight months from ttr_ due hereof
<br />the T: uttec'sdeed shall be pima facie evidmoe of the truth of the
<br />(wrinem statement of any officer of the L)cparimnt of Liattcing and
<br />Urban Development or authmited agent of the Serreury,ot"Hoasing
<br />aratemeau: made therein. Trustee shall apply the proceeds of the ale
<br />in time fgllrswJng order: (a) to all expenses of the sale, including, but
<br />and Urban Development dwxd subsequent to the eight ntomw time
<br />from the date of this isuruateat, declining to insure said note and
<br />not lirnitrj tit,:Tr true') fees u permitted) by applicable law and
<br />reatwalhie atlurneys' fmi (h) to all sums secured by diz Security
<br />thin mrortpge. being deemed conclusive proof of such ineligibility).
<br />the Leader or holder of the `rote may, at its option, declare all sums
<br />Instrumeae;.and (a) lay erMT. so the person or persons legally
<br />entitled to it.
<br />aexmtrsd hereby rarnreocately ifyo and payable. Notwithstanding the
<br />foregoing, this opWm MYm*lie exercised by the Lender or the
<br />holder of the nQi. wkn the ineligibility for insurance under the
<br />National Howiagi Act is due to the L.eadees failure to remit the
<br />tnorlgage c ursace premium to the Department of Housing and
<br />Usbas Ik a
<br />13. Tint if the Borrower fails to stake any payments of money
<br />when the some beuorne due, or fails to conform to and comply with
<br />IJ. Ltion acceleration under paragraph 13 or abandonment of the
<br />Property, Lender (in person, by agent or by judicially appointed
<br />receiver) shall be entitled to enter upon. taie pouession of and
<br />mange the Property and to collect the rents of the Property
<br />including tine pan due. Any rents coUected by Lender or the
<br />receiver shall be applied first to payment of the costs of tmnaEement
<br />Of the Property and collection of rents, including, but not limited to,
<br />rweivCeS foe% prensiutm oo receiver's bonds ono reasonable
<br />attorney's fees, and then to the sums rccured by this instrument.
<br />_Paps3or5 '
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