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85- 104815 (\'CRt of I()$) Borrower will give immediate notice by mail to the lmdcr. who mlY mike proof 01 1= iloDl mlde promplly hy Borrower. and a.cb insurance oomJll.ny concerned is hereby lulhorized and direc1ed to make plyment for such loss directly to the Lender anstead of 10 the Borrower and the Lender jointly, and the Insurance: proc:ecds, or any pan thereof. may be applied by the Lender at its option cither to the reduction of the indebtedness hereby secured or 10 the resloration or repair of the propcny damqcd. In evenl Df foreclosure of Ihls instrument or other transfcr of title to the mongaged prop:rty in extinguishment of the indebtedness secured hereby, an right. title and interest of the Borrower in and to In)' msullIncc policlC'5 then in foro= shall pU.\ III the purchaser or gnmtec 9. Thai a!o additional and coUalefll1 !oecunl)' for the payment of the nole described. and .11 sums 10 become due under this instrument. the Borrower hereby ~igns to the Lender all profit!.. rcvenUl"S, royallies. ri8hts Ind benefits aa.:flung to the Borrowe::r under llny and all oil and gas 1C&5CS on said premises, with the nghtlo n:cel'Ve and receipt for Ihe same and apply Ihem 10 scud mdebtedne.\S as well before iU &fter deLaull in Ihe:: condItions of thL'i In\trument, and lhe Lender nay demand. sue for and reco\ier any such payment!. when due Mid payable. but shall not be requared so to do. ThL\ assignment ~ to termmale and become nullllnd 'Void upon rc:leue uf thl!. Instrumenl 10 Thlt the Rorruwer w1l1 keep the bUildings upon said prClnl!lCl In 800d repan, and neither commll nur perml1 wasle: upon !>>aId land. nor suffer the !.AId premlSC!o to be: u.\Cd for an). unlawful purpn\e:: 11 Th8t If the premlSO. or an) part theren!. be condemned under the puwer of emment domain. or ac.:quued for a public l"C. the damago awarded, the procceili for the takmg uf, or the conslderauon for such acqUISition. 10 the client of the full &mount llf Indrbtetln~ upon this IDsuument :md the note which It is given In secure remaming unpau1. arc hr:reby assigned hy the Borrower In che Lender. and shall be paid forthWith 10 ~ld under to be 15pplied by the liner on accounl of Ihe next matunng Installment!. uf \ueh mdcbtednCM. 11. The Bo"ower further agree. that should Ih~ In!\uument and the nole !oCCured hereby not be eligible for Imur.nee under Ihe National HOUSing Ad within CJgbt monlhs. from the date heret:lI <<wnllen statement of Iny oflil.:er of the Deparunent of Hou...mg Ind Urban [)c1(clopment or authorued aBcnt of thr: Secrelll) of Hou."lng and Urban [)c1(clOpmCnl dalCtt subsequem to the elghl munlM' time: from the date or this uulrument. declining to lru.ure said nole and Lhis moRlagc. being deemed oonc1usivc proof of such aneliglbiln) I. the Lender or holder or the nole may, at it!. option, declare aU r,um~ secured hercb) Immediltel). due and payable_ Notwllhstandmg the foqoing. thu option may not be:' e),en.:I~ by the Lender ur Ihe holder of the notc when the lOehl,bdll~ lor UlSUfancc under the Natiooal Housm, Aa ~ due 10 the Lcndr:r'~ failure 10 remll the I'l1OI1IIIc insurance premium to the: Depanment of Housmg and Urban Oc\'eJopmcDt. 13. That iethe Borrower rail!. 10 ~ke an) payment!. of mone)' when lhe Slme become due. or fails to cnnform to and (mnpl) With any of Ihe \:ondulOns or agreements conullned in lhili inlilrument, or the note which il secures. Ihr.n the entire prim:ipal sum and accrued intcfC$t !ihall at once hecnme due and payable. ntthe election of the Lender. Lender shall gl'Ve nolil.1: In Borrower prior to acceleration following Borrower's breach of any covenant or agreemenl in this instrument I but nol prior (0 acceleralion under paragraph 12 unless applicable law provides otherwise). The notice shall specify: (a) the default; (blthe aclion required to cure the default; (c) a dale. not less than 30 days from Ihe-. dale the notice i.. given to Borrower. by which the default must be cured: and fd) that failure to cure the defaull on or before Ihe dale specified in Ihe notice may re.'iul1 in acceleration of the sums secured by Ihis instrument and sale of the Property. The notke shall further inform Borrower of Ihe right to reinstate afler acceleration and the right 10 bring a cuurt aclion to assert the non. existence of a default or any other defen~ of Borrower to acceleralion and sale. If the default is not cured on or before the date specified m Ihe nntil'C. lender al its oplion may require immediale payment 10 full of all sums ~cured by this instrument without further demand and may invoke the power of sale llnd any other rcmedi~ pc:rmllled by applicable law. lender shall be entitled 10 collect all C);pensc.o; incurred in pursuing the remedies provided in this paragraph 13, indudmg, but nOllimited to, rell50nable allorney\' fees and cost.. of title evidence. If the puwer lIf \ale i!. Invoked. Trustee shall fccurd a nolice of default In each county in whll:h any pari of the PruperlY IS located and ..hall mall CUPIe!. of such nollce in the manner prCSt:ribcd by apphc.ablc law tn Borrnwer and to the other persons prescribed hy apphcable law. Arter the lime required by applicable law. Trustee shall (.:I\'C public nouce or !.ale 10 the person!. and in Ihe manner pre<tCribetJ by applicable law. Trustee. without demand on Uorrower. shall \Clllhe Prupcrty at public auction to the highe...t hidder althe time Ilnd place and under the terms deilgnatcd in lhe nolice of sale In one ur more parcels and m any order Trustee: determines. Trustee may JXt!itpune !.ale of all ur any parcel uf the IJroperty by public announcement atlhe lime and place or any previously scheduled !il.le Lender nr it'i designee may purchase the Property at any sale, Upon recelpl of paymenl (If the pnce bid, Trll..tec "hall deliver to the pun;.ha.!oCr Tnutec's deed Ll:lR'Veymg the Properly. The recitals in the Trustcc'!! deed shall be pnmll faCie evidence of the Iruth of (he Ittatcmenl\ made therein, Trustee !.hall apply the proceeds of the sale m lhe following order. (alln all expenses of the sale. including, bUl nol hmlted 10, Trustcc's fee!. lL\ permllted by applicable law and r~nab1e aumne)'!.' feo; (hI In all sums secured by thili Security Instrument; and I c I any UCC!o.\ 10 Ihe penon or persons legally enlltled In II 14_ Upon au;clerallon under paragraph 13 or abamlunmenl of the Property, Lender (in person. by agent or by judil.:ially appointed ra;cl'Ver) .shall be enlitled to cnler upon. take possession of and manage Ihe Property and to collccllhe rent!. of the Propcny mcluding Ihose pallt due. Any rents collected by Lender or Ihe rccclVl:"r shall be applied first 10 payment of the costs of mllnagcmcnl of the Properl)! and collCdlon of renU. includmg. but nut limlled Ill, rCO:I'Ver's fees. premiums on receiver'!! bonds Ind reasonable auorncy'lJ, fco..and then to the sum:. secured by lhis Instrumenl PlIg~JCtt5 HUD.12143DT.l