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<br /> - 89-�-. 10 59'7� . _
<br /> � �! � '� � ��y uf thc canditiu�s ar agreemencs cantnined in chss+nsttumeni,or
<br /> avent of loss Bo�rovirer will give immediate�otice by mAil to the �Ae note which it secures.the�the enlire princ�ipal sum and aceraed
<br /> I.�etadcr.who msy ms1�c proof a(toss if aat madt P�pmPtfy hy interest shall ut��nce bccame due and p�yab�r,at i'k�e electian ot the
<br /> gortower.and�ach insurance company oc�narnod is hereby �,�nde�.
<br /> iuthorizod und directed ta mske pay�nent for such lass dira:tly ta �nd�r shaU give natice to 8orrowar prinr to acetlesatian
<br /> t6e l,ender instead of to the BoROwer�nd thc l.ead��J;�by he
<br /> tbo iasur��jce procetds.o�any p=n�hereof,may be app foU��wing l3orrowei s b�each oi any covenant oi a�ement in this
<br /> Ltrtkr�t i��option either to the reductian ot the iadebtedness ���rum¢m(but not prior to xcceleratian un�ier paTagrnph 12 unle�
<br /> �hy secured or to the restoratian or repair af the prapenY ���b���y�W p��vides othstwise).The natice shali�pte�fy:Qal td�e
<br /> �.In cvent oi foreclosure of this instrument or atber t«nsfer �PP� ,���ch
<br /> dei�ult;(b)the action required to cure tha default;,(c)a dai�,rn�t�esti
<br /> of title ta tha mortgaged praperty in extinduishment ai the �h�,n 30 days irom the data the notice is�iven to BOnawer,�}
<br /> i���A�ss secu«d hereby,�ii nght.tiHe and interest af the
<br /> 8orrawor in and so any insnrsnce Pp�«���hen in fora shall p�u i� Ihe��arc1the date specified n the�noi ce ma�result n�aceeterati nn
<br /> i3�e purchuer or grantee. o(the sums sccured by this instrument and sale�9 the Propec�9.'�he
<br /> q �t u i�;Uans�aad coUateral se�:uiity iar tht pu}ment of�he �atice shtU further inform Borrower of the tight to reinstate a4�ea'
<br /> aote describcd.and all sums to become due undcr this instrument, aaYler�tian and the righi to bring A cauK arii�n'����n��`L'�'
<br /> �he Hartowet hereby assigns to the Lcnder sll profits,revenue�.
<br /> existsnce af a defAUlt o�R�y other deiense of Bvra�awer to
<br /> royalties,righu and benefiu aa7uing to thet&�r'�h��o recei e and d s�ecifired�the naticet l.ender at its opi on m y requiteeim�eed atete
<br /> �U�il y�nd gas leases on said premises,w�th 8 ment in tull i�i all sums sccured by this instrument without
<br /> rtcei�t far the same and�►pply them to said ind�ttednes.��s well paS wer af sale and�ap olkte�
<br /> menu when cemedies permitted by applicable law.l.ender shall�e ent�19��9 c�o
<br /> �{o�+s aRer detsult in tbe conditions of this�nstrument,and the funher demind and may invake t c po
<br /> kn��m�,y demand•sue far and recocer any such pay
<br /> due and pay�ble.but shal�not bc reqvoid u�n rclease of thi gnment h�<<�egTpph�3��nclud ng�but nat�l mihed to,reasonabie�����
<br /> is to te�tninste���ba°me null and P� attarneys'tees end costs of title evidenct.
<br /> ;nstrument.
<br /> �p,Thst che Bonawer w�iU keep the buddings upan said premises If the pnwNr of cs►le is invuked,Trustce shall record a n�{i�e os .
<br /> n of ihc Ptoperty is tacated '
<br /> in�ood repair.snd neither cammit nar permit waste upon said land, �d shaU sil copies af such notice in�the manner prescrit+ed bg .i .
<br /> nor suffer ttu s�id prcmi.ses to be�sed for any unlawful putpose. ipp��qble law to 8arrower and ta the other persons prGCCre�be�by
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<br /> .....,.ae 1 ,:__
<br /> 11.That iE the premises.ar any pan ihercvi.uc wiiv'1•'�TA�LR�Pr shall�bee1ubli nou�ce oi stit Lo tite persu�ap:��iblirlaw��nnstee —
<br /> the power of eminent domain,or scquired for a public use.thc ��g�by applicxble law.Trustee.without demand on�cuwec, :_
<br /> �m��,��Td�,�h�procads for the alcing ot.or the P
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<br /> oonsideration for such acqu�sition,tao�thte�e Rx�te hich it is g�ven�o�f t m�e a�d placerartdrtundep he t rms desi8n ted in the n uee of sale �_
<br /> indebtedness upon this instrument .
<br /> t ne sale of e11 ur any parcel of the Propeny by Paa�Ca�c
<br /> secure remaining unp�id,are hereby�ssiened by the B�npW��tiy e may��r c p a r c e l s i n d i n a�y order'�rusta determines- n�tee
<br /> Lender.�nd shall be pa�d farthwith to said L.ender ta be apP� urchase the PropertY at ang�ate-
<br /> the lattcr on account ot the next maturing insta�lmertu of such �i���r or au�d ignee may p�of any previously sch�1�°-u�
<br /> indtbtedeess.
<br /> that should this iastrument and Upoa rea�Pi�t MYmen�uf the price bid,Trustce shalt deli�er ta
<br /> 12.7'he Bartowet funher agras rt The seatais in
<br /> the note se�ured hereb�th�be;h�mlanths from he dau hereof the Trusta'srdeed shall be pr ma�Yi cie evhdena of t e trutlsaEche —
<br /> N�tional Housing Act g �ment af Housing and sutemcnts made therein.Trasta shall appty the proaeds oi the safle
<br /> (written statement of any officor of the DeW of Housing in the tollowing order:(a)to all expense.�ot the sa�b;c i W��nd �� �
<br /> Urban Develapment or autho�ud agent of the Secretary —
<br /> and Urban Development dated subsequent to the eight months'time nat limited to,Trustee's fecs as permitted by app� .�.
<br /> frora the date of thu iaurumen�decliYinB�f of s cA inel g bility). la t u en�and(cl Any exc�ess to the person or P�rs�s���y'ty �--�
<br /> this mortsage,beinE damed wnclusi e p ,:�,
<br /> the Lender ar Aolder of the note may.at its option,declare�Il sums entitled ta it• .
<br /> securcd hereby immediately due and payable.Notwithstancling the inted �
<br /> foregoing,this option may not be exercised by the�nunderrthec Property�Lenderl(n�person,�by gentrot by j dicia ly y�ppoent of the
<br /> �������ote when ibe ineligibility for insurance ion of and
<br /> ' Nado�a]Housing Act is due to the Lendertment of Housint and m�anage)iheaPropeny a d to calle�:tphe cents�oi�t PropertY
<br /> . nwrtsaje insursnee premium to the Depu g t due.Any renu co{lected by l.cnder or the
<br /> including those pss
<br /> Utbsn Deti'doPm=nL receiver shall he aPPlicd fint tu payment ot the cusu of management
<br /> 13.'['Qs�if the Bonower fails to mslce any payments of money of the Property and cx�Siection at veaRr,eacluding,but n�t limited to.
<br /> wt�en the same be�me due.or faits to confosm to and comply with rea�ver's(ees.premiums on receiver's bc•nds and reasonable
<br /> , attorney's fees.and lhen W�he sums su:ured by this instrument.
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