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<br /> � event oi loss Barrawcr will give immedi�te�tiutice by mail to the any of the canditions or agreem�nts cantained in this inst�umem,or
<br /> l.rnder.who may make prooF of t�.cc if nat made pramptly by the nate which it secures,then the entire principal sum and aec�ued
<br /> Barrower,and each insurance company concerned is hereby interest shall at ance became due and payable,at the clection of'the
<br /> authotized and directed to m�kC payment for such loss directly ta Lender.
<br /> the Lc�der instead af to the 8orrow�r and the L.ender jointly,and
<br /> the insunna proceeds,or sny p�n thereof,may be applied b}+the Le�der chall give notice ta Barrawc�pria�tn acceleratian
<br /> I.tnder at its option either to the reductioa af the indebtedness faltawi�e Rar�a�ver's breach a!any cavenant or agreement in this
<br /> hercby secu[ed ar ta thc restoration or repair o[the propeny instrumeni(but nm priar ta acceleratian under pa�a�raph 12 unl�ss
<br /> damsaed.In event of foreclasure af this ianrument ar ather transfer applicable law provides othenvisel.The natice stiaU specify:(a�.thp
<br /> of title to the mortgaged propeny in extingu+shment of the default;(b)thc action required tn curc the dofault;(c)a data,rtol less
<br /> indebtedness secured hereby.aU right,title and i�terest of the than 30 days from the date the nntice is given ta Borrawer,by which
<br /> Borrower in and to any insurance policies then in force shall pas.�to the default muct be cu�ed�and(d)that failure to cure the default on
<br /> the purchuer ar granta. or before the date specified in th�natice may re.sult in acceteration
<br /> af the sams secured by this instrument and sale af the Property.The
<br /> 9.That as additionAl aad collateral security far the payment of the notice sDafl further infarm Barrawer af ihe right to reinstate after
<br /> aote described.and all sums to become dur under this instrument, acceleration a�d the right to bring a mun actia�to assert the non-
<br /> inr&,i�uwer hereby assigns to the I.ender aii pratiu.reve�ues, existeace of a deFault or any other defense of Borrower to
<br /> �oyalties,rights and t+enefiu accruing to the Barrow•er under any and acceleration and�sale.If the default is not cured on or before the date
<br /> all ail and gas tases on said premises,with the right to rcceive and speciiied in the notice,Lender at its oplion may require irnmediate
<br /> reaipt for tAe same and apply them to snid indebtedness as well payment in full of all sums secured by this instrument without
<br /> Ixfore as aRet defiult in the conditions of this instrument,and the further demand and may invuke the power of sale and any other
<br /> Lender may demand,sue for and recover any such payme�u when remedies permitted by applicable law.Lender shall be entitled to
<br /> due and payable,hut shai!�ot be requi�ed su ta do.This assignment collect all expenses incurred i�pursuing the remedies provided in
<br /> is to terminate and bewme null and void upon relea.se of thit this paragraph 13,including,but not limited to,reasonable
<br /> instrurt:ent, attorneys'fees and oosu of title evidence.�
<br /> 10. That the Bonower will keep the buildings upon said prem�ses It the gower of saie is i�voked,Trustee shall record a notice of
<br /> in good r�pait.and neither commit nor permit waste upon said land, default ia each caunty in which any part of th: Propeny is Ic�eated
<br /> nor suffer the said premises to be used far any unlaw�ul purpose. and shall mail copies of such notice in the manner prescribed by
<br /> applicable law to Borrower and to the other persons prescribed by �
<br /> 1 l. That if the ptemises,at any part thereof,be condemned under applicable lsw.After the time requiru!by appliable l�w.Ttustee
<br /> the power ai eminent domain,or acqoired for a public use,the shall R��e Dublic natice of sale to the persons and in the manner _i -
<br /> dsmages awarded,the procads for the taking of,or the prescribed by applicable law.Trustee,withoat demand an Bonower, .1�.—
<br /> eonsideration for such acquisition,to the extent of the full amount of shall sell the Property at public suction to the highest bidder at the � •
<br /> indebtedness upon this instrument and the note which it is given to time and place and under the terms designated in the notice of sale �'
<br /> secure remaining unpaid.are hereby assigned by the Borrower to the in one or morc parcels and in any order Ttustee determines.Trustee -
<br /> Lender.and shall be paid forthwith to said Lender to be applied by may postpone sale of aU or any parcel of the Propeny by public
<br /> the latter c�n aocount of the next maturing installmenu of such announcement at the time and place of any previously scheduled
<br /> indebtedness sale. Lender or its designec may purchase the Property at any sate. _
<br /> 12.The 8orrower further agrees that should this instrument and Upon receipt of payment of the price bid,Trustee shall deliver to
<br /> the note secured hereby not be eligible for insurance under the the purchaser Trustee's deed conveying the Property.The recitals in
<br /> Nstional Housing Act within eight months irom the date hereof the Trustee s deed shall be prima facie evidence of the�ruth of the
<br /> - (written statement of any ofFcer of the Uepartment of Housing and statcmertts made therein.Trustee shall apply the proceeds of the sale
<br /> Urban Development or authorized agent of the Secretary of Housing in the following order:(a)to all expenses of the sale,including,but
<br /> and Utban Dtvelopment dated subsequent to the eight manths'time not limited to,l'rustee's fecs as permitted by applicable law and �
<br /> from the date of this instrument,declining to insure said note and rea5onable attorneys'ftes;(b)to all sums secured by this Security �,I,.
<br /> this mort�ge.b�ing dcemed candusive proof of such ineligibility). Instrument;and(c)any excess to the person or persons IegaUy _
<br /> the Lender or holder of the note may.at its option,declare all sums entitled to it. .�
<br /> secured heteby immediately due and payable.Notwithstanding the
<br /> foregoing,this option may not be exercised by the l.ender or the 14. lipcm acceleration under paragraph 13 or abandonment of the � �
<br /> holder of the note when the ineligibility for insurance under the Property, Lender(in person,by agent or by judic�alty appointed �
<br /> National Housing Act is due to the LendePs[ailure to remit the reaiver)shall be entitled to enter upon,take passession of and '
<br /> mortgage ia5urana premium to the Depanment of Housing and manage Ehe Property and to collect the renu of the Property
<br /> Urban Development. inclnding those past due.Any renu collected by [.ender or the
<br /> receiver shall be applied first to payment of the costs of management
<br /> 13.That i[the Borrower fails to make any payments of mone� of ihe Property and eallection of rents,including,but not limited to.
<br /> when the same become due,or fails to conform to aad comply wfth ������s fees,premiums on receiver's bonds and reasonabie
<br /> attorney's fees,and then to the sums secured by this instrument.
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