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88....: 103'340 made shall be added to lhe principal sum owing on the above note, shall be secured hereby, and shall bear interest at the rate set forth in lhe said note, until paid, r 7, That the Borrower hereby assigns, transfers and sets over to the Lender, to be applied toward the payment of the note and all sums secured hereby in case of a default in the performance of any of the terms and conditions of this instrument or the said note. alltherenls, re\'enues and income to be derived from the said premises during such time as the indebtedness shall remain unpaid, and the Lelider ~hall have power to appoint any agent or agents it may desire for the purpose of repairing said premises and of renting the same and collecting the rents, revenues and income, and it may payout of said incomes all expenses of repairing said premises and necessary commissions and expenses incurred in rent. ing and managing the same and of collecting rentals therefrom; the balance remaining. if any, to be applied toward the discharge of said indebtedness, 8, That the Borrower w111 keep the improvements now existing or hereafter erected on the property, insured as may be required from time to time by the Lender against loss by rire and other hazards, casualties and contingencies in such amounts and for such periods as may be required by the Lender and will pay promptly, when due. any premiums on such insurance provision for payment of which has not been made hereinbefore, All insurance shall be carriN in companies approved by the Lender and the policies and renewals thereof shall be held by the Lender and have all ached thereto loss payable clauses in favor of and in form acceptable to the Lender. In evem of loss Borrower willgi\'e immediate notice by mail to the Lender. who may make proof of loss if not made promptly b~' Borrower, and each insurance company concerned is hereb)' authorized and directed 10 make paymelll for such loss directly to Ihe lender instead of to Ihe Borrower and the Lender joint!)'. and the ilUurance proceeds. or any part thereof. may be applied by the lender at its option either to the reduction of the indebtedn~~ hereb)' \ecUred or to the r~toration or repair of the property damqed. In e\ent of foreclosure of thi~ instrulllent or olher Iransfer of title to the mortgaged proper!) ill extinguishmenl of the indebtedn~s \C'\"ured hereby. all ri~lll, litle and interC'St of the Borrower in and to an~' insurance poli.'les rhen in force shall p&Ss to the purchaKr or g;anl~, 9. Thai as addlUonal and .~ollaterai sccunl)' for Ihe paymenl 01 Ih~ note dt.'tCri~d. ilInd all turns to hC"'omc duc ulld!!r this IIlstru, ment. the Borrower heRb)' al5lttnllO the lender .11I'rofit~, rC\enun. ro)'altlC'S. nPt" and bene lib accrumg to the Borro\lo'cr under any and all oil and lias leallCS on ~id prelllisn. with Ihe ri&hl to recch'e and receipt for Ihe WlIm' and appl)' thcm to ~Id indebtcdnas ~ "ell before lU after defauh in the ,oJldi!ions of this In\lrument. and the Lender may demalld.surforandrt.l:.O\.er an)' SIKh pa)'ments whrn due IlDd payable, bUI shall not be rc' quired so to do. This lUsiJrunent i~ 10 terminate and become null and ..oid upon relc>>t of Ihls lmlrumertl. 10, That the 8orrO"Cf will keep the buildinlS upon ~Id prmllSClo In aood rtpair, and neilher commit nor l'Crmh wasle upon illid !JineS, I10f suffer lhe Yld premillCS 10 be u~ for an)' unlawful purJI<KC ' J I. That if t}w ptem~. 01 1&11)1 part thereof. be condemned under the JlOWer of mine", domain, or .''luired (or a public 11M'. lite iIamqn Iwarded, the pn~"Ccd, for tM takins of, or the con. Ildrrltion rOl .uch Kquisltion, 10 the C'llltnl of the full amount o! .ndcbtedrww. upon thi, instrument and the nolI.' which It is gi\'en to secure rcrnainina unpaid, are hereby aliianed by the 8orro\\'er to tM Undtt. and t.halI be paid forthwith to said Lrnder to be ap. plied by the Ianer on II:I:Ollllt of the next malurina insulllmC'lth of luch lndebtfdneu. 12. The Borrower further agrees that should this instrument and the note secured hereby nOI be eligible for insurance under the Na- lional Housing Act within eight months from the date hereof (written statement of any officer of the Department of Housing and Urban Development or authorized agent of the SecretarY of Housing and Urban Development dated subsequent to the eight months' time from the date of this instrument. declining 10 insure said note and this mortgage, being deemed conclusive proof of such ineligibility), the Lender or holder of the note may. at its op- tion, declare all sums secured herebyimmediateiy due and payable. Notwithstanding the foregoing, this option mayoot be exercised by the Lender or the holder of the note when the ineligibility for insurance under the National Housing Act is due to the Lender's failure to remit the mongage insurance premium to the Depan- ment of Housing and Urban Deveopment. 13. That if the Borrower fails to ~e any pa)ments of money when the same become due, or fails to conform to and comply with any of the conditions or agreements contained in tM inSU'U- ment, or the nOlI.' which it secures. then the entire principal 5UJD and accrued interest shall al once become due and payable, at the election of the Lender. ." lender shall give nmice to Borrower prior to acceleration following Borrower's breach of any covenant or agrcaDCIlt in this instrument (but not prior to acceleration under paragraph 12 unless applicable law provides otherwise). The nOlice shaD specify: (a) the default; Ib) the action required to cure the default; (c) a date. not less than 30 days from the date the notice is gi\'CIIIO Borrower. by which the default must be cured; and (dt that failure to cure the default on or before the dale specified in the ~ may re5ult in acceleration of the sums secured b)' tM instruJamt and sale of the Property. The notice shall funher inform 8orrowa' of the right to reinstate after acceleration and the npt to briQa a court action to assen the non-existencc of a de!ault or an)' odIer defense of Borrower to a~"CCleration and sale. If the default ii lIOt cured on or before the date specified in the notk.-C, LCIIlier at its option may require immediate payment in full of all SUlIK teCUIed by this instrument without funher demand and may invoU the power of sale and Iny other remedies permitted by ~ ..... lender shall be entitled 10 collect all elpCfllCS incurred in ptII'tUiq I he rc:mcdiC!i pro\'idcd in this paTalraph 13, indudinl. but DOl Iimiled to, reasonable attorne,'s' feu and costs of title C'\"icImcc. If the power of ~Ie is in\'oked. Trust<< shaU fh~ a IJlJti.% of default in each county in .'hieb any pan of the Propa1y is located and shall mail copies of such notKe in the manner preaibcd by applicable law to Bono.'er Ind to the OIlier pmiOM prca;bcd b!o. applicable law, After the lime reqUIred by appIialbJe ".'. TnKter \halll.h'C public notice of sak to the penon, and in tbe manner prC!lCribed b)' applicabk !aVo, Trust<<. _ithoul dmlaDdon &or. rov.'Cf, shall selllhe Property at public auction to lhe hiIhat bid. der at the time and place and under the lmRS desicnaIed in ,he notke of sale in onr or morr pah'th and in 1ft). orcIct TnKt<< determlnn. Trust~ ma)' postpo~ salr of all or aD}' pah:d of die Properl)' b)' public announcement at tbe time .",1 ~ of any pre\ iou~I)' scheduled WIle, Lender Of it5 drsian<< ma~' pur~'haw rhr Propert)' at an)' sale. Upon re<<ipl of payment of the price bid, TI'1I5I<< "'-11 ddi\'ft IU Ihe purchaKr Truitec'i d<<d um\~iDl t~ ~;_ ..,.. rceilals In the Trustee', deed ,hall be rrima facie csicktk-c of the truth ul th~' ~tIIttmcnh mAIIe lhemn. Tru5l~.u~)' ,he rro. cet\h of the salt in Ihr follo\\'I"I onkT: (I) to all ~ of the sale, indudinl!. but nOI Iimiled to. Tru'tt't", fee ti rermincd ,,~ applicable law and rt'luonable attOfOC)'" ffai (blt(\ an ,um, \C'i,:ured b~' Ihis S<<'Uril)' In.\lrumenti and Mln)' ex~~, to the pC'I' \On or ~lCf~On\ IC8811)' entitled to il. I ~lIge 3 01 5 1 f'" ..I "'. . ......I'.UT u