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caveat of Ww Borrower will give immediatC notice by mail to the Lander, who may make proof of loss if not made prmptly by Borrower. and each iswrasce corspasy concerned a hereby aathoriaed and directed to stake payment for such lost directly to the Lestda iattead of to the Borrower and the Lender jointly, and the isssrasce proceeds, or any part thereof. may be applied by the Leader at its option either to the reduction of the isdebwdoess hereby neared or b the restoration or repair of the property demspd. In evaht of foreckwAm of this instrument or other transfer of *k a the moryyed property in extinguishment of the iaddadnes secured hereby, all right, title and interest of the Narrower in and to any insurance policies then in force shall pass to the purchsa or grantee. 9. Thu as additional and coltateral security for the paymeat of the wit desc ibad. and all sums to W ewe due under this instrument, ,tae Borrower hereby asvms to rya Less - er all pro(i% reveaws, royalties, rights and be slits accruisgt to the Borrower widen any and all oil and gas trance on said pre! bib with.ft right to receive and receipt for the same and apply tkm to said indebtedness tts well before as after defask is the oxmStions of this instrument, mad the Feeder may droned, sue for welch recover any such payments when doe and payable, bur "I nitC be required so to do. This assignment is to terminate W become null and void upon release of this iastrumest. 10.711 the Bctrowet will keep the building upon said premises in good repair. arhd heather commit not permit waste upon said land. nor wRa the said psemisa to be used for any unlawful purpose. 11. That if the premises, or any part thereof. be condemned under the power of eminent domain, oT n)nuired for a public use. the damages awarded, the procseofic E't•r des taking of, or the eYUUilbeLim few >7i Amukitinw. to ttu rst"I nr the furl wmeuent of isdebsetlaeaa OPM this iftua eat and the note which it is given to secure reamisiag impanel. ate hereby aas*ned by the Borrower to the 1 oiler, gad sbo-4 * raid kw**" to said Rader to he ApAted 6y the lacer on acmoarat of the wr:t maturing installments of so*. iadebtedneta. ' 12 The Narrower further agrees that should this instrumes6 and' the note teaarod hereby not brio e4pbk for insurance under the National Horning Act withis eight months from the date hereof (wo sommeat of any officer of the Department of Housing and Urban Development or authorised now of the Secretary of Housing and Urban Development dated subsequent tee the eight montfrs' time from the date of the iawumest, dedising w inure said we and this ehortgage, being deeshe I txieclaive proof of swb indijUbility). the Lender or holder of the note stay. at its option. declare ;all sums tatitred hereby imandiaidy due and payable:, Notwithstanding the foregoing. this option may not be exercised by the Lender or the hallo of the sate whM the i WI*bffity for insurance under the Ne iioaal Hou ft Act is dw Ur the Leader's failure to remit the sores insurance premium to ft Department of Housing and Urban Development. 13. That if the Borrower tails to make any,paytsnents of money whes the am become due. or fails to conform to and amply with 1 } 1� any of the conditions or aStoome nts contained in this instrument, or the note which it secures, then the entire principal sum and accrued interest shall at once became due and payable, at the election of the Lender. l.eadet shall give notice to Borrower prior to acceleration following Borrower's breach of any covenant or agreement in this itnuumest (but not prior to aecekration under paragraph 12 balsas applicable law pmvidea otherwise). The notice shall specify: (a) the default; (b) the action required to cure the default; (c) a date, not less than 30 days from the due the notice is given to Borrower, by which the default most be cured; mad (d) that failure to cure the "uh on car before the date specified is the notice may result is acceleration of the sums secured by this instrument and sale of the Property. The notice shall furtber inform Borrower of the right to reinstate after acceleration and the right to bring a court action to awn the non- existence of a default or any other deknse of Borrower to aooel4ration and safe. If the default is not cured on or before the date specifWd in the notice. Le:redtir at its option may require immediate ptyment is full of all sums swxvd by this instrument without fitstbei dery and and may invoice the power of safe and any other mmedies permitted by applicable law. hander shall be entitled to aXlect all expenses incurred in pursuing the remedies provided in des paragraph 13, including, but not limited to. reasonable axomoye fees and costs of title evidence. If the power of sale is invoiced, Trustee shall record a notice of dd#Wt in each county in which any part of the Property is located and shall mail copies of such notice in the manner pres nInd by applicable law to Borrower and to the other persons prescribed by applicable law. After the time required by applicable law, Trustee shall give public notice of sale to the perumts and in the manner `p`re_s,cribed by applicable law. Trustee, withx*tat demand on Borrower, AIS' N 11 t� PIfMWtu w! Mla.�in w..I.1iM Iw I�I.�w r.iwt.r�� NI pare and plats and under the terms designated in the notice of sk ifs one or more parcels and in any order Trustee determines. Trustee m.y postp-We s� of Of or any parcel C4 the Prey Iw =1—+U-- announcement at the time and place of any previously scheduled sale. Lender or its designee may purchase the Property at any sale. Upon receipt of payment of the price bid. Truatee shall deliver to the purchmr Trustee's deed onnveywg the Property. The recitals ice: the TrumWs deed shall be pgma facie evidence: of the truth of the statements made therein. Tea w shall apply the proe>Deds of the rak- in'the following order: (a) Wall expeana of the sale, including, but nh ,x limited to. Trustee's kcs.rs permdwd by applicable law gad reasonable attorneys' fees; (b) to all sums wcurcd by this Smrity IeRruaaenY. wd (c) any excess to the pexu or persons lepAy entitled to it.' " 14. Upon aeccleration cat del paragraph 13 or abaadasn"inent of the Property, Lender (in persast by agent or by judicially appointed receiver) shall be entitled to enter upon, take pcasession of and manage the Property and to colka the rents of tie Property including those pest due. Any rents collected by leader or the receiver shall be applied Mstl: to payment of the eats of management of the Property and collecticwpf rents, including, but not: f mated to. tweivet s fees, prefnlums di'rieduces hands and rewoutbk atwwy's fees, and tie:n to the sums se :utt«d by this instiu4". Page 3 or 5 L.. L . i . ttiN'ftq/4fOT -t E .44 i