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<br /> m�de shaU be added co the princiAab sum owing an thc abi�vt 12. The Borrower furthtr a8rea chat should thi�'snstrumxs►t and `
<br /> nate,shaU be sceured hersby,and sh�t1l bear interat at the rate xt [he►�tr s�ued'htribY not be rii�ibk for insura�tce uuder the Na- .
<br /> : '- forth in the sud note.until�said. cional Hauing Act within ei�ht montbs fr�m the date txreaf �
<br /> (written naternent of any officer of the D�eparcment of Housing �
<br /> � _ -- . �. `�haC tise��wen c�redy sssigns.aansf�s and s�et�:ever to and U�bs�T)tsrelnpmenc.or aut]w�`ixed a�ent o�the Socretary of� . - -_ . . .
<br /> tl�e l,endet.to.be applied tccward the asyr�se�t of tIx oAtt and all Housie�and Urban Ikvclopment+dated substquatc to t�e ei�►t .
<br /> sumc ytrur�d fie�tby in ease of�t ckfavlt irt the pezCctnt�a+ace of morahs'tune frqm the due of this instrument,deciining to insure '
<br /> . . any ol'tKa cen��and coriditiotts of this instrume.nt or tl�e�said said nae and this mo�rtp=e.beins doem�d conclusice proof of .
<br /> Aotr.a!�the raKS,revent�and in�cant to be daivec�f�n the such ineti�'bility).the Lender er holder.oP t�x note maY,at its np-
<br /> _._. . . . abk.
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<br /> .._ s�id pre,nixs d�erin�weh time as the indebcalness sI�13I rem�un [ion,derlare�slt sums secr,red�fxreby immediacdy ue PiY
<br /> u�i�d..�od thr L,rnder sfrslt h�ve power ia appoi�tc:a�y agmt or Notwithstandiag tha foregoiag,[his aption may not De exercised .
<br /> a�ents it may desire for tfiit�urpose of repairias s�i4.:P���d by che I.ender or the hoider af the IIate wben the ineligibility for .
<br /> ' of reatins t6t same antk�dkctin;the'rents+rcvenu�5:ase�in=ome, 'insurana under the l�fuional Housing.Act is due to the Lender's
<br /> an�i ic�y pay cwt oF stk�'it�comas al�ea�prnses at'�re�i`�iAB,said faiIvre to ranit the mortgage insuranoc preminm to the Depart- - .�
<br /> pcemisa snd t�eoes�ary►Co�nrui�si0�s and expetisseb�incui�sfJi�.rent- .' -mcnt of Housiag and Urban Deveapment. �
<br /> : int���qf che s�aaid af ca}t�cting ren!,als th��::;.::.... . .
<br /> t6e b�tl�nce rem�init�,if�any;.tv be app}ied towAlyd tho disc��*���:; : •.13. That if the Barrowa fails.ta make any Qayments of maney. .
<br /> af�����. , .. ' • when thc�e.become dur,or fails co conform to and comgly ,'�,�
<br /> with aay uL 1�x condldons or agrer.�ents contained in[his instnz-::;:
<br /> -� 8. 71rat t6e Borrowerawt'1�.klecp�thc impxavqntnts tiaw:��isting ment,or tize:�ote w�ith it secnrrs,ttr�r�*.he entire priticipal snm;�::�` . . . .:..
<br /> pr hereai'ter etectod o�.,t2is;pFppprty.,i�SUred`as may 6eirquired and accruod interest shall at once becqme due and payable.�at tiie�
<br /> from time to time b�.tbjt.l;a�r:a�air,st�toss by fire and other election of the Lender. . ; � �
<br /> hazards.catuatties anid;co�i��clda i�A�s�uaouats�md for such ',,;;�.;=;r; . ��,
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<br /> periods as may 6e r+pq�i�ted�hy�.•ttie�Ger�.tr:r.and will pay,�ompdy, Lender shall gice notice to Borrower�prior to acceleration ;:,.,.,• ,-;�;`::•;•
<br /> when due.anY Pre�ii�tit:��su¢bl�i�Astuence provisitm t"x� paYn►ent following Borrowe�'s breach of any covrnatst or agreemmt ia this � ,-.,��. . .�''�r';.:.
<br /> ' of which has no4�eet4�irit�ctl�hsru�tNSfore.AIl 'msurancr shal! be instrument(but not prior[o accekration utsdrr para�aph 12 � • •
<br /> " rarried in companiCS ap�tn��d�b)1�ths Lender and tix poficies and anless appGcable iaw provides otherwise). The noticx shaiI specify: • •
<br /> • rtnewals thereof shsl]11ie:�ht�Etih)��,tNe Lender and hatiz ac'tached (a)the default;(b)the action required to cure the defauIt: (c)a , , .
<br /> ti�ereeo loss payabk etswcs��di,f��•a�of and in forta acaptable to date,not tas[han 30 days from che date che aodce is givtn ta -; . •
<br /> the L.ender.[n event of loss Bnrroxer will give imm�diitte notice Borrower.��which the default must be cured;and(d)that failiu��. � • • •
<br /> by mail to the Leader. who may make proaf of loss if'-not made to cure the'default on or before the date specii'ied in che norice.• � ���,�'� , .• .�
<br /> prompdy�yy Borrower�and each insuranoe:c�mpany con�emed is may result in acceteration of the sums secured by this instrument :.:,';, ., _
<br /> hereby authorized and directed to makc jrsiyin�:t for such loss and sale of the Property. The notice shall funher inform Botrower • •
<br /> Qirectly to the Lender instead of to the tiGtr�r�F.er�uu4;x�ke Leader of the right to reins[ace afcer acceleration and the risht ca bring a :�••ti�,€
<br /> h
<br /> jaintly.and the insurance proceeds,or any part theit�:;.�ay be Sourt action to assert the non-existence oF a default or any othtt ,�'"`';��;
<br />-- appikd bp the i.emler at i[s aption cether co the redueY.3k��of the defense of Borrnu�er ro acceleration and sak. li the default is noe _ -
<br /> � indebtedness hercby secured or to the restoration or tepair of the cured on or before the date specified in the notice, Lender at its
<br /> propeRy damaged. In event of foreclosure of tt�is instcumcnt or option may require immediate paymrnt in full of all sums secured
<br /> other transfer of title to the mor[gaged property in extinguishmrnt by chis insuument without funher demand and ma�invoke the . ,
<br /> of[he Indebtedness secvred hereby,a�right.title and interESt of power of sale and any other remaii�s permitttd by applicabk law. ,
<br /> the BarroRer in u�d ta any ittsurance policia[hm in force shall Lender shall tre aatitkd to collect all exprnsa incvrred in pursuin�t ,
<br /> pus to the purchaser or grnnti�.. the remedies provided in[his paragraph 13.including,but na�. �
<br /> timited to.reasonabk attomeys' [ees and costs of[itle e�idrnu:,.�'•
<br /> • 9. That as additional and cailateral v�=irity for the payment of � ' ' �
<br />' the note described,and aIl su�r:s to bes�rme Que undet ttiis instru- if ti�e yuwei of sak u ir�w;:�,:r�t:,;.�t!r.r�s.'�.:^ot°�°�f• . • ----
<br /> ment,the Borrower hsteliy ari:;gns to ttie Lender�L'profita, default in each¢ounty in which any parc of the Property is lacated•
<br /> revenua, royaltia, rigMs:tnd �enefits aacruing co c&e Sorrower and shall mail copies of sach norice in the manrnr prESRibcd hy
<br /> under any and all oil and gas [eases on said premises,�ith the aDpllcable law to f3orrower and co the other perso�rs precribc+id tsy
<br /> � right to reaive and receipt for the same and apply them to said aDplicable law. After the time required by applicab�e i.aw. ?rustce
<br /> indebtedsess Zs w•ell before as after default in the conditions of shaA give public notice of sate to the persona and in t�e manner
<br /> this instrummt. and the Lender may demand,sue for and recover prescribed by appliqble taw. Trustee.wlthout dtrr�7nd on Bor-
<br /> . any cuch payrttent�when duo Slld paV�ble.but sbafl not be rr- rower.shaU se11 the Property at publie aueticso ta the hithest bid• � _
<br /> qui[ea so to do. This assignment is to terminate and become null der at the time and place and under the teretts dtstg�atM tn tt►e
<br /> and void upon release of t6is instrument. notice uf s�le in one or more pucets and in any order Truuee
<br /> � • ' determines.Trusta may postpone sate of all or any parcel of the
<br /> 10. That tltit�$�rrower wi11 keep th�tf�l.it�itiag,i u��on saPd premises Property by public announcement at the time and pl�ee of any
<br /> � in good re�air, �:►d txithet��nlmit nor pe�ttt:t �vafce apon said Dreviousiy scheduled sale. Lender or its daignee may purchase the �� _
<br /> �I,ia�3. nor suf;`es the said,�xem:ses to be used far any untawful Propeny at any sale. =
<br /> •�rl7ppse, '....
<br /> Upon receipt of payme�t of the pticx bid.Trustee shall deliver
<br /> ' if. That if�.�,e premises,or any parc�h�;reof.be condernned to the purchaser Trusta's dc+ed conveying the Preperty.The
<br /> under the power of rmineaa domain,cx'a6quired for a►�ubiic use, recitaSs in thr Trusta's deed shafl 6e prima facie evidence of the
<br /> the dama�a awuded.tF�e�coceeds for the taking of,or the con- truth of the statemcnts made thtrein. Trusta shall appSy the pra
<br /> sideration for such xqui�i€fon,to the eatcnt of the full amount of ceeds of chc sale in the following order: (a)to all exprnses of tlrx
<br />' � indebtedtxss uqort this inalh;�ment and the note which it is given[o sale,inctuding.but not iimited to.Trustee's fees as permitted bY
<br /> • , secure ren�ln:::�;ur,�aid, are hereby assigned by the Bonower to applicabie law and reasonable attorneys' fees;(b)to all sums
<br /> • tbt Lender,u',�ii sA.all be p�id forthwith to s�aid Lenckr to be ap secured by this Security [nstrument;and(c)any excas to the per-
<br /> ptiod by the latter on account of the next maturing installments of son tst persons tegally entitlyd to it.
<br /> ' ' such ind�btedntss.
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