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Bom wer. and each Insurance oompany owmermed is hereby authorized and dlreded to maia payment for such We directly to the Lender instead of to the Ilorower and tM Lender Oft and 1 the roman pia1, set, or any w "I. may M appled by tin 1 Lender at ite option ~ to tine rsdsdion of to hdebbdnoes hereby seared or to the in IN or repair of tin property dnnaged. In Brent of foredouu+e of tints kw" nt or other transfer of retie to the m0 !gped property IN wd "W*ft h M of tin mom""" scoured hereby, all right, titre and htereet of the Borrower In and to any houranoe PO&M then in f nos sisal We to the pusher or genies. 0. TMI as aMftW and ooiaieral ssoufy for the payment of the note dssalb4 and all auras to become der under this holy mere!. the Borrower honeby asWp- to the Lander d profits, twenues. myeldook rights and berms soorui g to the Borrower under any and i all of and gas leases on Bald praises, with tin d9M to recohre and receipt for the same and ap* them to eaid kWd t &a" as well belore as after ddauk h tin oaWltioa of W@ I strum nt, and the Lender may dom m nd. sue for and recover any s u h psymw b win der and payabft but shall not be required so to do. This assignment is to termirma and become nut and void upon masse of this Instrument 10. That the Borrower wit laop tin buidngs upon said praises In good rpsk, and nWm commit nor permit waste upon said land, nor suffer the said promisee So be used for any untawll8 purpose. 11. That N the pni mtae@. or pry, part thereof. be condemned under the power of emMa donate. or acquired for a pubic use: the damages ewanded, the woeeds for tin taking of. or the consideration for such soquisition. to the w0 mt of the fur amount of Indebtedness upon this kwvw e d and the note which It is given to scum remaining unpaid, are toofty assigned by the Bowawr to the Lender, and shall be paid 1m1fwM & to said lender to be applied by tto letter on acooW of the need maturing Instalments of such indebtedness. 12. The Borrower inuther afire as that should this instrument and the note searred hereft not be WV* for Insurance under the National Hoenig Ad within WoM months from the date hereof (written statement of any dker of tM Depailment of Housing and Urban Development or aulhof=ed agent of the Secretary of Housing and Urban Development dined a bseque nt to the sot months- time from the dote of uhle Instrument, P& FMon g to insure sell ncNs and this mortoage, being dasrrwd conclusive proof of such iref9bM ). the Lender or haida of the note may. at its option. d*cW* at sums seared hereby kmm W* der mind payaAM. Notwkhstandng the Mregoig, Mis option nray not be awdsed'by to Lender or the thdder of the note when 1M IM1110 y for hwrenoe under the National Housig Ad Is due to the Lender's faiure to mmk the mortgage insurance prwaium to the Department of Housing and Urban Developmek 13. That ti the Borrower felt to make any payine to of money when the same beoomhs due, or fait to conform to and with snyrof tin --a !Sorbs or agnansents eonteinad In this Instrument, or the note which it secures. thee,lbe aft prloipal sum and accrued interest shat at one beoome due and payable. at the election of the Lander. L F ► s : e Lander shall gke notice to Borrower pdor to acceleration kAwaing Borrower's breach of any covenant or s wmnnt in this Insbu rent (but not prior to acceleration under paragraph 12 unless apomble law provides otherwise). The notice shah sp@Wf. (a) the d@fstuib (b) the action ngsrled to trine the Plebull, (a) a dais, not less than 30 days *om the date the notion is em to Borrower, by which tin do" must be suer; and (d) that bAn to an the dslnrk on or before the dale spsoMsd in the notice say result In aooelnation of tine sums aeaued by tins inskumma and sale of tin Property. The ncdm shat further Inform Borrower of the right to rskaft ater acceleration and the right W bring a court action b assert fin non• sulOancs of a dswslt at any other Men" of Borrower to a000ler anon and sele. K the delault is not oured•on or befog fin date speAled in the notice. Lender st Its option may req** Win sdate ryment In fuel of car suns secured by this hdnwmrt without kather demerd and may hvola tM power of sal@ and any other rarnediss psm W by applicable Mw. Lander shah be enured to colect al expenses Incurred In pursuing the remedies provided in this paragraph 13, hducft but not MOM to. reasonable attorneys' toss and posts of We evider" 0 the power of sale b invoked. lhid" shall record a notice of default b each county in whteh any part of the Property Is located and shat- mall copies of such nodo In the manner prescribed by apple" law to Borrower and to the other persons press bed by apple" law. tier the time required by appirable law. Trustee shat give pubic notice of sale to the persons and in the manner prescribed by appllcabte law. Trustee. without demand on Borrower. sMi set the Property at pubic auction to the highest bidder at the time and place and under the terms designated in the notice of sale In one or more parcels and In any offer Trustee determines. Trustee may postpone sale of all or any parcel of the Property by pubic announcershent st the Ons and place of any pmi oruy scheduled sale . Lender or it designee may p=h4m the Property at any 'sale. Upon race" of payment of the price bld. Trustee shin dearer to the purchaser Trustees deed oonvsyig the Roputr TM recitals in the Trustae's deed sW be prima fade evidence of ft truth of tin staterrhents made therdin. Trustee shat epply the proceeds of the a" in the folov" order: (a) to all experrsea of the sale, Irokudng, but not HnMed to. Trustees tea a3 perrdtlad by apple" law and nest nabte attorneys', tea; (b) to M sums secured by this Securely Instnunant; and (e) any excess to the person or persons leggy antftd to k U. Uparr acceleration under paragraph 13 or abandonment d floe Property, lender (in person, by agent or by judiciaiy appointed racelveo sisal be anti mi,to enter upon, Wes possession of and mnnaps the Property in+d to collect tM nets of the Property hduding dose past der. Any urea ooioctsd by Lender or tin receiver steal be applied trot to psyowt of the costs of managemmV. of the Progeny and co eWoh of rents, Including, but not "ad tot•: reedver's Sam premiums on rsc~s bonds and reasonable attorney's fees. and #wt. to the sums secured by this instrument. It Upon payment of al sums sawred by this instrument, Lend r shat rpuOd' Trustee to recd vy the Pmpery and shat surrender this instrument and M notes evidencing debt secured by this hstnmrnrd to Trustee. Trustee. shat reeorsvey tine Ptopenty without Page 3 of 5 HUDS21+3DT 1. gam WTS.pttnj•: 7 r- E� ,