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ri and directed to matte ii tivtiaertt for such loss and sale of the Propert) ..R,0 notice shill further i6c m Borrower
<br />_M
<br />A
<br />a1�1Er�
<br />4
<br />hereby out
<br />dirsctly to the e.i'tt' -rr instmd of to the &Lrrf?sver and the Lender
<br />;aiiitl!r, and the insurance pr coeds, or any part thertcC, MY be
<br />died by the Lender at its option either to the teductf0it of the
<br />indebtedness hereby secured or to the rest-matihn or repair of the
<br />property datrr*pl._ In event of foreclosure of-this instrument or
<br />other transfer of title to the mortgaged property in extinguishment
<br />of the indebtedness secured hereby, all riTht, title and interest of
<br />the Borrower in and to any insurance policies then in force shall
<br />pass to the purchaser or grantee.
<br />9. That as additional and collateral !acuwlt) for the payment of
<br />the note described, and all sums to t_+ecornc due under thin rust tu-
<br />rr�ant. the Borrower hereitS assigns to the Lender all prlifit4,
<br />tt'11(:llies, rOyaines, rights and bellettls ac�fulne, let ti K fUmoaer
<br />pptailer any and all oil and gas leases on said prerniiv,:, setae the
<br />fight to recdw.. and receipt for the same at;tl apply them to said
<br />inddxtdttesti• tic: well before as after default fro the conditions of
<br />this instrument, and the Lender may de'kuad. sue for and reco%cr
<br />any such payments when cdriv and payable, bur shall not be re-
<br />quired so to do. This aswV90MI is to terminate and become null
<br />and void upon rekase of thIS instrument...
<br />to. That the Borrower will keep the buildings upon said premises
<br />in good repair, and ncitk.c _commit nor permit waste upon said
<br />laird, not suffer the said l7t'oriws to be u•,:d fOr atnp :atLlaw'ful
<br />pelrpose. •' .
<br />11. That if the prewowsf or any pare tlttmof, be condemned
<br />under the power of em(tleitt domain, o. ,ivciuired for a public use.
<br />the dot uecs awarded. this: tpt>A=eds for the taking of, or the con -
<br />!;Aeration for such acquidiiolit; to the extent of the full amount of
<br />indebtedness upon this inSfhWierit and (ate note shich it is given to
<br />secure•remainiag unpaid. ate hereby a►signed by the Borrower to
<br />the Ltndet, a-vid shall tv Laid forthwith io said Leader to be ap-
<br />plied by the latter on account of the next maturing installments of
<br />Such indfebtedne".
<br />of the right to reinstat: e-mr acceleration and the n5F- rot —19 a
<br />court action to assert the rte- existence of a default m any other
<br />defense of Borrower to acceleration ar.- sale. if the default is not
<br />cured on or before the date specified in law notice. Under at its
<br />option may require immediax payment in full of all• suns secured
<br />by this instrument without, Further demand and may i?t 4oke the
<br />power of sale aid any oitt+rr remedies permitted by applicable law.
<br />Lender sW be entitled to collect all expznses incurred in pursuiaa
<br />the remedies providers in this paragraph 13, including. but not
<br />limited to, reasonable attorneys' fees and costs of title evidenm
<br />If the power of sale t, :ipAoked. Trustee shall record a notice of
<br />default in each county in which any part of the Property is located
<br />shall nsil copier of such notice m We manner prescribed by'.
<br />arplicable law to Borrower'and to ti~tr(Arr persons precribed by
<br />applicable law. After the,tiltre required by applicable-law. Trustee
<br />shaft give public notice f., ,.W.e to the persons and in late manner
<br />prescribed by applicable i' y. Trustee, without derxilod an Bor-
<br />rower. shall sell the Property at public auction to the hilliest bid
<br />der at the time and place and under the terms designated in the ..
<br />notice of sale in one or more parcels and in any order Trustee
<br />determines. Trustee may postpone sale of all or any parcel of
<br />P- operty by public announcement at the time and place of any
<br />pre�iausly scheduled sale. Lender or its designee may purchase iAn
<br />Properip 'at 8ny sale.
<br />l'p :in'fitrtipt of payment of the price bid. Trustee shall deliver
<br />to t� gnm:haser Trustee's deed conveying the Prot*" - The
<br />a�citai's Fri the Trustee's deed shall he prima facie cvidtoce of the
<br />tTUth ,;f ttm statements made therein. Trustee sha11 TI)pty the pro-
<br />ceeds of IN sale in the follosing order: (a) to all VkPcnws of tbc'
<br />sale, tilgitultarg, but not limited to. Trustee's fees as permitted 1%
<br />applicable lax and reasonable attorneys' fees; (b) to all sums
<br />secured by this Security instrument; and (c) any eticcss to the pe►-
<br />son or petsons legally entitled to it.
<br />Page 3 of 5 "92143DT
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<br />made shall be added to the principal stun. owing on the above 1
<br />J 0525-1
<br />note, shall be secured hereby. and shalt bens itttL -r?:st at rite rate sit t
<br />the Hate se`'ured t
<br />�. n
<br />forth in the said torte. until paid• t
<br />(written gamma of Any offliow. of the Depantrtrnt of Housing
<br />7. That the Borrottier hereby assigns. t;.attsfem and set i ever ti. a
<br />and- Vrwo f7er elttpnlettF er atittthtitsd a♦d►t of the Sectet#Y of
<br />the L xkr, to be applied toward the payment: ef, the note and all H
<br />tt oorw time (rettti tax dsie of this irtstr=M. dxiuuittg to insure
<br />�ra� sRu:al;awar-IT i
<br />Sal( note aAd �TlIS lniOr[gi�E. t�O�'i
<br />the rents. r
<br />tis!al,:.c{ettlate All sm" Sw4red hereby namediately dirt and payable.
<br />atgdds it ittsay desire for the Pub of tepairinE. said. pt erstiriees and . e
<br />ey rite t�eertder :
<br />' trill} piF out of said incases all etglenws .cE rlp.iralg said f
<br />thattt. of Housing anti. L. ltbait peseopmeat.
<br />pre�aiseti'sttd t
<br />0f. That if the Borrower fails to make any payitxnt� of rnaneY
<br />of said iridtbteditpi3: s
<br />with any of. the conditions or agreements cot+.tained in :2'is instn>-
<br />` S
<br />S. That the 13r tsiwer will keep the .imp!gya rents nnw crusting: .
<br />. anent, or the note which it seccsirts, then the entire pru7i stsm
<br />of hereafter e:es�esi on the property. incur sit Ali Wray he rcq[rired a
<br />and a
<br />ha mds, casualties and contingencies in such autitAMM. add, for such
<br />rn L
<br />Lender shall give notice to Borrower prior to acceleration
<br />_ p
<br />periods a
<br />follov.ing Wr�'er's breach of any oCqVran,. or agreement i
<br />inrak'- made hCreinbefore, 1i1'�iriraiiCe s
<br />'unless applidaofe law protitdin othersise). Thetimic� atf slaecify:
<br />c tied i
<br />(a) the default; (b) the action required to cure the del >wdt: (c) a
<br />ttA7,'ft,6 loss payable clauses in favor of and in form acceptable to d
<br />Borrower, by whrich the default must be cured; and (d) that faiiu¢r
<br />i :: , •.. b
<br />thr.Lerrler. i
<br />to cure the default on or before the slate specified in the notice
<br />. :�.. :.
<br />13.7rtu rase. and each iniusarar i.atnpany concerned i
<br />may r
<br />_M
<br />A
<br />a1�1Er�
<br />4
<br />hereby out
<br />dirsctly to the e.i'tt' -rr instmd of to the &Lrrf?sver and the Lender
<br />;aiiitl!r, and the insurance pr coeds, or any part thertcC, MY be
<br />died by the Lender at its option either to the teductf0it of the
<br />indebtedness hereby secured or to the rest-matihn or repair of the
<br />property datrr*pl._ In event of foreclosure of-this instrument or
<br />other transfer of title to the mortgaged property in extinguishment
<br />of the indebtedness secured hereby, all riTht, title and interest of
<br />the Borrower in and to any insurance policies then in force shall
<br />pass to the purchaser or grantee.
<br />9. That as additional and collateral !acuwlt) for the payment of
<br />the note described, and all sums to t_+ecornc due under thin rust tu-
<br />rr�ant. the Borrower hereitS assigns to the Lender all prlifit4,
<br />tt'11(:llies, rOyaines, rights and bellettls ac�fulne, let ti K fUmoaer
<br />pptailer any and all oil and gas leases on said prerniiv,:, setae the
<br />fight to recdw.. and receipt for the same at;tl apply them to said
<br />inddxtdttesti• tic: well before as after default fro the conditions of
<br />this instrument, and the Lender may de'kuad. sue for and reco%cr
<br />any such payments when cdriv and payable, bur shall not be re-
<br />quired so to do. This aswV90MI is to terminate and become null
<br />and void upon rekase of thIS instrument...
<br />to. That the Borrower will keep the buildings upon said premises
<br />in good repair, and ncitk.c _commit nor permit waste upon said
<br />laird, not suffer the said l7t'oriws to be u•,:d fOr atnp :atLlaw'ful
<br />pelrpose. •' .
<br />11. That if the prewowsf or any pare tlttmof, be condemned
<br />under the power of em(tleitt domain, o. ,ivciuired for a public use.
<br />the dot uecs awarded. this: tpt>A=eds for the taking of, or the con -
<br />!;Aeration for such acquidiiolit; to the extent of the full amount of
<br />indebtedness upon this inSfhWierit and (ate note shich it is given to
<br />secure•remainiag unpaid. ate hereby a►signed by the Borrower to
<br />the Ltndet, a-vid shall tv Laid forthwith io said Leader to be ap-
<br />plied by the latter on account of the next maturing installments of
<br />Such indfebtedne".
<br />of the right to reinstat: e-mr acceleration and the n5F- rot —19 a
<br />court action to assert the rte- existence of a default m any other
<br />defense of Borrower to acceleration ar.- sale. if the default is not
<br />cured on or before the date specified in law notice. Under at its
<br />option may require immediax payment in full of all• suns secured
<br />by this instrument without, Further demand and may i?t 4oke the
<br />power of sale aid any oitt+rr remedies permitted by applicable law.
<br />Lender sW be entitled to collect all expznses incurred in pursuiaa
<br />the remedies providers in this paragraph 13, including. but not
<br />limited to, reasonable attorneys' fees and costs of title evidenm
<br />If the power of sale t, :ipAoked. Trustee shall record a notice of
<br />default in each county in which any part of the Property is located
<br />shall nsil copier of such notice m We manner prescribed by'.
<br />arplicable law to Borrower'and to ti~tr(Arr persons precribed by
<br />applicable law. After the,tiltre required by applicable-law. Trustee
<br />shaft give public notice f., ,.W.e to the persons and in late manner
<br />prescribed by applicable i' y. Trustee, without derxilod an Bor-
<br />rower. shall sell the Property at public auction to the hilliest bid
<br />der at the time and place and under the terms designated in the ..
<br />notice of sale in one or more parcels and in any order Trustee
<br />determines. Trustee may postpone sale of all or any parcel of
<br />P- operty by public announcement at the time and place of any
<br />pre�iausly scheduled sale. Lender or its designee may purchase iAn
<br />Properip 'at 8ny sale.
<br />l'p :in'fitrtipt of payment of the price bid. Trustee shall deliver
<br />to t� gnm:haser Trustee's deed conveying the Prot*" - The
<br />a�citai's Fri the Trustee's deed shall he prima facie cvidtoce of the
<br />tTUth ,;f ttm statements made therein. Trustee sha11 TI)pty the pro-
<br />ceeds of IN sale in the follosing order: (a) to all VkPcnws of tbc'
<br />sale, tilgitultarg, but not limited to. Trustee's fees as permitted 1%
<br />applicable lax and reasonable attorneys' fees; (b) to all sums
<br />secured by this Security instrument; and (c) any eticcss to the pe►-
<br />son or petsons legally entitled to it.
<br />Page 3 of 5 "92143DT
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