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made shall be added to the principal sure awing on the above note. shall tie s.,cured hereby. a bear interest shall b interest at the rata set forth in the said ncxe, until paid. 7. That the Borrower hereby assigns, transfers and seta over to the Lender, to be applied toward the payment of the mote and all sums secured hereby in case of a default in the Perfotmarsm 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 shalt retrain unpaid, and the Ignder shall have power to appoint any agent or age M it my desire for else purpose of repairing said premises and of renting tke same and collecting the rents. revenues and income. and it may pay out of said inconxs all expenses of repairing said premises and accessary commissions and expenses incurred in rent - ity and ma NOW the same and of colleting rentals therefrom: The balance remaining. if any. to be applied toward the discharge of said WAMedness. 8. That the Borrower will keep the improvements now existinj or hereafter eroded on the property, insured as may be required from time to time by the Lender against loss by fire and other hawds, cayusltki, and eosningemies in such amounts and for such periods ats may be required by the Lender and will pay promptly. when date.. ally, r)centiums on such insurance provision for payment of which has not been made hereinbefore. All insurance shall be carried in renewsh thereof ."I bbehekf by the Lender and have policies tachednd thereto loss payable clauses in favor of and In form acceptabk to the lender. in event of loss Borrower will gILYK- immediate notice by burls: to the Lehdar. who malt inatke pto Of loss if not made prowf dr by Borrower. and each itt%Wshm company concerned is hereby authorized std directed to snake Payment for such loss directly to the Letader instead of to the Borrower and the Lender jointly, and the yrtnarratsce proceeds. or any parr thereof. may be applied by the Lender at its option either to the reduction of the rKUxatinn or repair .of the property damaged. In event of foreclosure of this instrument or Other transfer of title to the mortgaged property in extinguishment of the indebtedness secured hereby. all right. title and interest of the Borrower in and to any insurance potiaes inen to force shall pus to the purchaser or grantee. 9: That as additional and collateral security for the payment of Mt mote described. and all sums to become due under this instru• mr rst, the Sormwer hereby assigns to the Lender all profits. teaetnues. royattim. rights and benefits accruing to the Borrower ussder any and ill-od said gas leases on said premises. with the rit{hr to receive and receipt for the am and apply them to said indicLitadorcss as well before as after default in the conditions of thiis'instrument, and the Lender may demand, sue for and recoser any such payments when due and payable.. tow shall not be re• quired so to des. •psis assignment is to tearer and become null and void upon release of this. inarunum. as 103337 12. The &urower further agrees that shoulil this instrument and the note secured hereby not be eligible for insurancC under the Na. tional Housing Act within eight m1011ths (t0m the date hereof (written statement of any officer of the Ulepattawl Of !inuring " Urban Housing and Urban =k mrtUevebpment dated %W1 of the sub*q tent t� eight months' time from the date of this inMtutl mi. declining to insure said note and this mortgage. being dwned conclusive proof of such ineligibility), the Leander or hokler of do note may. at its OP tion. declare all sums ucured hereby itnmodiMdy due and payable. Notwithstanding the foregoing, this option.maY not be exercised by the Lender or the holler of the note what the ineligibility for insurance under the National Housing Act is due to the Larder's failure to remit the mortgage insurancve ptensium to the Depart- ment of Housing and Urban Nveopmenli. 10. That the Borrower will.Uip the buildings upon said premises in good repair. aid neither c emit nor petmis waste upon said land. trot suff-er.the said premises to be used for any unlawful purpose. 1t. That if the premises, gtr.atay pan thereof, be con iernned under the power of eminwt domain. or w4vired for a public use, the danraga a,ryttkd, she proceeds for thtt,raking of, or the con- sideration tax "t-AaPUMUM. to thtt txtew 'of the full amount of irdebcedoess upon tails. iitstnumteni and the note which it is given to secure remaining unpaid, atte:ltereby assigned by the Borrower to the Lender. and shall be paid forthwith to said Lender to be ap- plied by the Utter on account of the next maturing installments of such indebsednew. 13, That if the Borrower fails to muko any payments of nsoney when the same become due. or funs to conform to and comply with any of the conditions or agracntrnts.contained in this inatsu- ment, ore the note which it srs;ures, then the entire principal sum and Vented' inl.�m�st shall at. once become due and payable. at the ek+;tiots of mite Lime.,t. Bander shall e notice to Borrower prior to acceleration fold awing Bomy*,zes bteach of• any covenant or agreement in this instrument (bill, not prior to acicleration urtxi'a paragraph 12 unless applicable law provides otherwise)• "CRr4 notice shall specify: (a) the default; (b) the a mion a -Nuired to''cayt the default. (c) a date, not less than 30 days (heat. the Oamx t!fsr'u� is !given to Borrower, by which thv defaiuk must. be cam; *d: (4) that failure to cure the defouh on or betkot the date. goea8ued; in 0* Mice may result in MC0e. ration of the sums screened by this instrument and. sale of the PrtaperlY. The notice shalt fiunher inform Borrower of the right tb reinstatrs aftei acceleration antis the right to briny a co%w: action to assert the nonexistence of a default or any other dt("M of Borrower to ataeVW$lion and sale. if the default is not cured on or before the hate specified in the notice. Lender at its option may reggitic iittittldiate paytaaent N, slut' m 6"'m �.''ur:.`• by this instrument without further demand and may invoke the power of sale rind any other remedies rarnitted by applicable law. I.C.440 szsa)f arc rohll d to Calico ill fit`. " incwffed in rjrutins the remedies proc•itied in this paragrapb 13. including, but not limited to. rmonoble attorneys' fees and costs of title evidence. If the power of sgir it invoked. Trustee shall record a notice of default in each county in,which any pan of the Property is located wrist. shall mail copies of, such notice in the manner prescribed by ziViisuble low to Borrower and to the other petsom preaibed by applicsbia law. After the time required by applicable law. Truster shill give publib notice of sale to the persons and in the manner pi; scribed by. #plicable law. Trustee, without demand on Bor- rower. shall -sell the Property at public auction to the highest bid - do at the time and place and under the terms designated in the notice of saae,jn one or mac Psrcels and in any order Trustee detemines, "C"rutstee may postpone sale of all or any Parcel of the property ily: pt jAk announcement at the time and place of any pte%- iousl };•.s,cWuled sale. lender or its designee may purchase the r rq)itny at any sak. urges ftodp: of paymerc.. of the price bid, Trustee shall deliver to the ptirctras . Trustee's daxd cctaveying; the Property. The recitals in the'1'fustee's deKdi.sfurllt br pdr:ta facie evidence of the :... truth of the statements rnalfs therein. Trustee shall apply the pro= aeds of the sale in the folia+sibg..ordu: (a) to all exppnaes of the sale, including. but not tiit lwd ro, .Trustee's fees as permitted by applicable faatr --w d reasonable atrorniej:s fees; (b) to all slims . secured by.Li Security Instrument; artLt (c) any excess to the per-: son or persons legally entitlacf to it. • c 430T Pape 3 of 5 fn L l�W K t' J A a~