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F made shall be added to the principal sum o%%ing on the above note, shall be soured hereby, and shall bear interest at the rate set forth in the said note. until paid. 7. That the BBottower hereby assigns, transfers and stns uvsi to the Lender, to be applied toward the payment of the note and an 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, all the rents, revenues and income to be derived from the said premises during such time as the indebtedness shall remain unpaid, and the Lender shall 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 pay out of said incomes all expenses of repairing said premises and necessary commissions and "pertses incurred in rent- ing and managie t the same and of collectUtS rentals therefrom; the balance tomiining, if any, to be applied, toward the discharge of said indel edness. 8. The Qx Borrower will 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 fire and other Mards, casualties and contingencies in such amounts and for such pm *& as may be required by the Leader and will pay promptly. when. due, any premiums on such insurance provision for payment of . which has not been made hereinbefore. All insurance shall,t.e carried itt -mmpanies approved by the Lender and the policies and atnewa?:s.tlterrof shall be held by the Lodet and have attached tQax;tn K.iss' payable clauses in favor of and in form acceptable to Ow Ledrer. In event of loss Borrower will give immediate notice than, co the Lender, who may make proof of loss if not made promptly by $otnower, and each Insurance company concerned is hereby authotired and directed to make payment for such loss 3isectly to the Under instead of to the Borrower and the Lender jointly, and the insurance . proceeds. or any part thereof. may be applied by the Lender at its option either to the reduction of the indebtedness hereby secured or to the restoration or repair of the wonesty damaged. In event of foreclog>kte of this instrument or other transfei of title to the mortg4ed paoVerty in extinguishment of the indebtedness secured hereby. all'right, title and interest of the Borrower In and to any insurance policies then in force shall pass to the purchaser or grantee. 9. That as additional and collateral security for the payment of the note described. and ail sums to becorie dut tinder this instru- ment, the Borrower hereby assigns to the A=U-t sn profits. revenues. royalties, rights and benefits acouin :o the Borrower -under any and all oil and •giw lases on said premise's, with the right to receive and receipt for the wrist zeal apply them to said indebtedness *swell before as after deal , in the conditions of rbis instrum&z. and the Lender may demand. sue for and recover arT,y such payments when due and payable, but shall not be re- stored so to do. This assignment is to terminate and become null find void upset release of this instrument. 10. That the Borrower will keep the buildings upon said premises. in good repair. and neither commit not permit waste upon said land, not suffer the said premises to be used for any unlawful purpose. 11. That if the premises. or any pan. thereof, be condemned under the power of eminent domain. or ac- quired for a public u*. the damages awarded. the proceeds for the taking of, or the con - sideration for such acquisition, to the extent of the full amount of indebtednm upon this iniatrumrnt and the we which it is given to secure retraining unpaid, are hereby assigned by the Borrower to the Lender. and shall be paid forthwith to said Lender to be ap- plied by the latter on account of .the next maturing installments of such indebtedness. 12. The Borrower further agrees that should this instrument and the note secured hereby not be clipible for insurance under the Na- tional Housing Act within eight inomhs from the date hereof twTitten statement of any officer of the Department of Housing and- L'ruan :� I .'cloptment or authorized agent of the S", --entry of Housing and Urban Development doted subslgirent to the eight months' time from the date of this instrument, declining to insure said mote 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 hereby immediately due and payable. Notwithstanding the foregoing. this option may riot 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 Leader's failure to remit the mortgage insurance premium to the Depart.' ment of Houi4ng and Unseen Deveopment. 13. That if the Borrower fails to make any payments of money when the same become due. or fails to donform to and comply with any 4kthe conditions or agreements contained in this instru- ment, ws the note which it secures. then. the catire'ntincipal sum and avrrued interest shall at once become due and payable. at the 4ea;an of the Lender. Lender shall give notice to Borrower prior to acceleration Coll awiAg Smower's breach of any covenant or agreement in i'hit:: mstruaaen) (but not prior to acceleration under patAgraph 12 unless 4pplicable law provides otherwise). The no66e shall specify: ta) the default; (b) the action required to cure thr•dtfault; (c) a date. not Ilcss than 30 days from the date the notice is given to Borrower, by which the default must be cured; and (d) that failure to cure the default on or before the dale specified in the notice .nay result in acceleration of the sums secured tw RWs instrument and sale of the Property. The notice shall further inform Borrower 'of the right to reinstate after acceleration and the right to bring a court action to assert the non - existence of a default or any other defense of Borrower to acceleration attd.sale. if the default is not cured on or before the date specified in the notice. Lender at its option may require imttnediate payment: in full of all sums secured by this insirdfimm witht t further di ni3nd =nee may invoice the power of sale and any other remedies; (permitted by applicable law. Lender shag be entitled to collect at, expenses incurred in pursuing the remedies provided in this paraEraash 13. indudhty. but not limited to, reasonable attorneys' fees and costs of title evidence. if the power of sale is invoked. Trustee shall record a notice of default in each county in which any pan of the Property is located and sha mail eopkes of such notice in the manner prescribed by applicable, law to Borrower and to tAir other persons precribed by applicable law. After the time rtquit'ed by applicable law. Trustee shall give public notice of sale to the persons andA n the manner prescribed by applicable law. Truss„ without demand on Bor- rower, shall sell the Property at pub0cauction to the highest bid- der at the time and place and ud4ee the terms designated in the notice of sale in one or mom perc& and in any order Trustee determines. Trustee m"- ptea:p m .. slide of all or any pared of the Property by public announcement m the time and place of any previously scheduled sale. lender or its designee may purchase the Propmy at any sale. Upon receipt of payt".uezr.• of. 0& price bid. Trustee shall deliver to the purchaser Trus cos; deedcarsxeying the Property. The recitals in the Trustee's dited 40'. be prima facie evidence of the truth of the statements made rherern: Trustee shall apply the pro- ceeds of the sale in the fonowlnp, under: (a) to all expenses of the sale, including. but not limited 0... Trustee's fees as permitted by applicable law and reasonable attomeys' fees: (b) to all sums secured by this Security Instrument; and (c) any excess to the per- son or persons legally entitled to it. Pape 3 of 5 1 :� •� JUDOMUDY