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<br />88- 102001
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<br />rights IUld o.,ndits accruing tD the BDrrD.....er under IIn)' and "Il ollllnd
<br />gll.l lelLlot:S on said premlses, .....ith the right to Il'Cl:ive and re..",lpt lor
<br />the sallie and IIl'pl)' them to J.aid indebtedneu 115 wen belore 115 lifter
<br />default In the conditiolU of this hutrument, and Ihe Lender ilia)' de.
<br />mand, sue for and r<<'llYer an)' such pll)'lIIenls .....hen due Bnd PIl)"lIble,
<br />but 51,,111 not be rl'tJuifl:d so to do. This assll(llInenl Is 10 lermlnule and
<br />bec.""me null lIlId \'old upon relellit' 01 this ilUlrument.
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<br />10. Thilt the llarrower willkl...p Ihe buildln~ upon said preml~ In
<br />good lepail, and neithel l'Ommil nor permit wane upon said I..nd, nm
<br />suffel the said plemist$ to be u~ 101 any unlawl\llpurpo~e.
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<br />II. That II Ih.. premi><:s, or an)" part IherL'tJI, be condemned under
<br />the power of eminent domain. 01 acquired lor a publit, use, the
<br />dlllllag~ lIwalded, Ih.. prC)C(...,ds lor Ihe I..klng 01, or th.. l'OIUId..ra\ion
<br />for such lIC<jubition, 10 Ihe ntent of the lull amount 01 indebtedlll:!i.'i
<br />upon thb irntrulllent lInd the note which it is gl\'<,n tu s.,",ure lelll..; fl.
<br />Ing unpaid, art' hereby assigned b)' Ihe Borrowel to Ihe J.ender, and
<br />ihall he, paid forthwith to said LeIldt'r 10 be applied by the lallt'r on
<br />acrount ul the ne1t matuling installments 01 such indebtedn~.
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<br />12. The BOffu.....er furth"r agll'tl thai lhould this ilUlromelll ;ifid Ihe
<br />nolI' $<<'ua..! I,deb}' nul lH.' digible for insuran"" under Ihe NlIlional
<br />tfouslllg Al-I wilhin l'i~hl monlhs from Ih... oale heloof (wlillen slale.
<br />ment 01 an)' of/ker 01 the Deparlmenl of !lousing and Urban
<br />Dt-,'e!olllnenl or aUlhuriZl'd agenl 01 th. Se<'lelllr)' of Howing and U"
<br />ban D.\'dopm.nl datl-d sub5ffJuent to the eight monlhs' time from the
<br />datt' of this irutrum..nt, doeclining to flUur.. said lIule and thb mOlt.
<br />gag.., being deo:med l'(mclusi\.e proof 01 ,ul.h indigibilit)'l, the Lend.r
<br />or holdt'r of the note mil)', "I iu optiun, dl'Clare all SUIIlS secUled
<br />herebr immedialely due and payable. :o.;otwilhstanding Ihe 10legoing.
<br />this option fila)' nol be t:UICist-d b)' the L"ndel or the holder of the
<br />note ,",hen Ihe ineligibilil)' for Insurilnce ulld.r Ih. National Housing
<br />Act is due to the Lender's failure to lelllit the mOllgage insurance
<br />prO'mium to the Departmt'nl of Howing IInd Urball Dt-\'eloplIlt'nt.
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<br />13. That if thO' Borrower fllils to make iln)' "a)'menls of monel' when
<br />th.. sam. lH.'('tJ",,,, dut', or filils to l'Onlorrn tu ilnd compl)' .....ith an)' of
<br />the conditio"" or agr.".m"nls conlain...1 ill Ihis ilUlfull\.nt. or the nol..
<br />.....hich it __Ules, then Iht' t'ntile prinl'ip~1 'UIII and lIl'cured interesl
<br />shall at on(" .......llllle due ami parable, al Ihe dt:<:lion of the t.t'nder.
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<br />Lendt"r ,lulII gh.e notice to Borruwer priur to a~lerlltion following
<br />Borrower's Lleilch of an)' l'O,.emmt ur agr.....menl in Ihb instlument
<br />(but not prior to ace:..lefiltion undel I'aragrilph 12 utll~ lIpplicable
<br />law 1',00.idd ulherwisr). The notke dulll sp"dfr' (II) the derllull; (L)
<br />thl' action H,!uirL-d to cure the default: (cl a dah:, not 1= than 30
<br />da)'S frum thi: date the notil"C is i!\'en to Borruwt'l. b)' which the
<br />def.ult must be cured; and (dl thill failure to cure lhe ddllult un or
<br />belore Ihe date specili....! in the noli..... mil)' "',"11 ill "''Celeration uf th.
<br />sums __ured by thb imtrumenl and sale of the I'ropert)'. The notil"C
<br />aL.IJ lu"her inform Horrowt'r of the righl to rt'jrntate .Itl'r ,,,;c...I..,..
<br />Uoo and the ri&ht to brini a cou" .ctiDn to a=rt the non.e1iste!K't' or
<br />. def.ult or an)' olller defelUC of Borrmnr to lIC'l"leration and we. If
<br />the def.ult 15 not cu,t>d on or before the date specified in the notice,
<br />Lenda atltJ option may require immedlllte plIrment in full of all
<br />sums I<<Ured by thb innrurnenl v.-jthoutlurther demand .nd may In.
<br />\lllb the po..'er of $IlIe .nd an)' other rt'm~iO$ pelmilled b)' ap.
<br />pllcable la.... Lender shall br entilled to coU"", all apenses in~JJed
<br />In pUl$uin& the remediES pro\'id..d in thb paragraph 13. tndudilli. but
<br />not Iimltrd to, reasonable allolllefs fees and costs of title O'\'ldence.
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<br />If lilt' power of sale is In\'oked, 1',u>lr.' ,h~1I ""'-OId II noti,.., of
<br />default III I'ach county In whidl un}' pari of Ihe Propert)' is 10clIl,.d
<br />und shllll mail cop;cs of such nolke ill th~ maunel prescribed b)" ap'
<br />pUl'able law to Borrower and 10 tl.... olhl'r pelsons prescrilx.-d b)' ap.
<br />plicable law. After the lime leqllired by applicable law, Tluste<.' shall
<br />give public 1I0tke of laic to the persom lInd In the manllel pn'.\cribl..!
<br />by upplicable IllW, Truslee, withOUl demand on Borrower, shall sdl
<br />tne Propl'rl)" al public auction to the hil(hc.st bidder al the Um... <llId
<br />pIal'(' 1I11d ullder the IUlms designated in lhl' nolll.., of sail' In 011... or
<br />more (larl'els and In allY order Trustl'e d...te I III il1L'S , Trusll't' mal'
<br />poslpone sale of all or any paTet'1 of tne Prop...rl)" b)" publil' IIl1noun,'e.
<br />IlIl'ut lit 1111; liml' and plllce of an)' previousl)' schL.Jull-d sale, Lend,'1
<br />01 il. dcsiglll't' ilia)' purchase the Plopelt)' lit all)' sule.
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<br />UpOIl Ilwilll of pa)'menl of the (lIke bid, Tlustee shall deliwr to
<br />Ihe purcha.st'r T,ustt'(!'s dt't'd COII"l')'illg lhe J'rol'.'rl)'. The rl'(.'lIlIls ill
<br />Ihe Trusle,,'s deed shall be prin~a facic. e,ldenl'" uf the truth of the
<br />.1..lemell!> lIIade Ihereln. Trw,,"e .hull apply Ih.. prOl'(.....Js of the ,alL'
<br />in Ihe 10110\\ iug order: (a) to all exp"II'\,S of Ihe s..(e, Includillg bUI
<br />nol IImitrd to, Tru~t.'e's fees as pl'rmitll'll by <ll'l'lil'abl\' law and
<br />IClI501l"ble illloflle)'s' fee$; (bl 10 all ,ums "''l''IIl..! b)' lhis SL....Urity In.
<br />strument: llnd (e) IIn)' exl'e5.S 10 Ihe (ll'rmn or lll'nuns leglllly "l1tlll...1
<br />to il.
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<br />l-I UpOIl ~n'l'ler~lioll ullder pllluglaph 13 or ..balldulllllrlll of IhL'
<br />Properly, 1.,'l\Iler (III lI\'rSOIl, b)" agl'nl 01 U)' judiciall)' <lppollltl-o
<br />rl'l't'i\"Cl) lnall be en\illL..! to en leT upon, lake IlOsst's.slun of and
<br />Hlllllllge Ihe PlOpI'll)' and to C(l\ll'Ct Ihe r~nls of Ihe Propelty indudlng
<br />those pilSt due. All)' renls collectl'll b)' I.elld"f or Ihl' Il'l"..i\....r ~hall be
<br />upplk.J fiTSt 10 pll)'menl of the cosls of mall~!:l'mt'lll of Inl' P'op,'rty
<br />~lld coll'"l'lIol1 of f,'nls, Including, but nul Iimit...d to, rec..-i\'t'r'> IloeS,
<br />premiums on "'l'l'iwr's bonds and ICllsollable atlorneys' fl'l's, and 11"'11
<br />10 tht' sum~ SL'l'Ull.d by lhis Insllument.
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<br />IS. UPUII p")'lIlenl 01 all SUIIlS secured b)' this instrument, I....nd...,
<br />shall rl'<lu.,>l TIUstl~ 10 1l'<<l1l\'I'Y thl' Properl}' Imd shull surrl,tld,'r this
<br />Instrum~nt alld ..II noles e\'idencing debt Sl'CUll..! b)' this llUllUlIll'llt 10
<br />Truslt"l', TrmtL'l' shallll'COn\'ell}' Ihe I'IUI't'lt)' without warrllnl)' and
<br />wilhout l'I,,"!:,' to lilt' p",son 01 perSOllS IL'gall)' t'nlitlL..! to II. Su.:-h
<br />p",son 01 pl'lsons 5h..1I pa)' an)' "'l'Ofdation l'Osls.
<br />
<br />Hi. l.endn, at its uption, l11a)' Irom lime 10 lime lemon' Trusll'l'
<br />alld appoinl a SU'"l:l'5S0r truslee 10 an}" TIU,tL'" Ilppoilltl'llIIl'feundl'l h~
<br />illl irulrulll\'ul rl't'Ord.-d in Ihe l'QUllty in whkh this instruml'1I1 is
<br />ll'COfd.-d, Withoul,'On\.t")'ant'" 01 Ihe Plop..'rt}", lhe SUCl'l'ssor trusl."
<br />,11..11 .ul'.....:" tu ..lIlh., tide. power and duli.", ('Unfern'll upon Tmsll'l'
<br />helein aud U)' applicable la......
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<br />J7. 80rro\\l:r lequests that copies of IIIL' uolke, 01 dl'fllult Ilud s~le
<br />bt, sent to 80l(owel's ..ddreu .....hkh is tht" Prop...rt). ....ddr\'ss.
<br />
<br />Ill. If one or mOTe rldc:n 1I't' .XCCUtL..! b)' Ilurro"""" and "'l""rded
<br />together with this irutrurnent. the l'O\"Cnallts ..nd lIgr....,menls of \'uch
<br />such ridel shllll be incorpcirited into and shall ..mend and supplemeut
<br />the CO\'tllanls IInd agreements of this irutTUlIlent lIS if the rlder(s) wrre
<br />II part of this instrument.
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<br />19. The co\'enanU herein contained shall bind, and the benefits and
<br />ad"lIntllges shall Inure tll, the respecti\'e heirs, eneutors. ~d.
<br />mlnistraton, SU~fI, .nd u.signs of the parties herl~to, Whene"er
<br />used, the .In~ular number ihalllnclude Ihe plural, the ph.:ral till'
<br />singular. and the we: of any iend.r shall include ali genders.
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<br />B)' signing belo.... Borrower a.'Ct:'pls and agll"'CS 10 the temu covenanls rontained in Ihis S,'Culil)' .rntrumenl alld in an)' lidl'l(s) ...x\'Cuted b)'
<br />Borro....l'r Ilnd recorded wilh it,
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<br />~~<-:r ~ .J~~L
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<br />Rob~rt M. Zahm ~
<br />'7-' '2, 'l' n J
<br />.' i ~ ">411/YI---
<br />Mary E/zah (/J
<br />I (
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<br />Slale of :-.:..bIlUl<_,
<br />
<br />CoUllly of
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<br />Hall
<br />
<br />ISew)
<br />&;rww.-",
<br />
<br />IScal)
<br />8o.rrv""t'r
<br />
<br />} u,
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<br />. The forl'guinll instrument wuad.no...lcodged brfure me thls 22nd dll)' of April
<br />Ii 88. b)' Robert M. Zahm and Mary E. Zahm. Husband and \-life
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<br />WUno::u Ill)' hand a"d notorial seal al
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<br />~y l'OIt"..li.>IIiD eOI'll...:
<br />
<br />.J:GWAl .mjiy'sW;,,;r~r
<br />RO.!RTA L REED
<br />.. r-. fIJ ..,.. 111)
<br />
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<br />Grand
<br />
<br />in said Cou"t)', the uall' aloll"Said
<br />
<br />Pa~3
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<br />HUD.\l2\'3DT
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