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104932 Lender. in event: of lass Borrower will gift h mere aodcr by T shall em not ire to Borrower prim to soodeattkm mml to the tender. w!w may mate proof of I= if ant mark f Bareaiwer"s breach of any move" a! or agzee~-Pill promptly by Borrower. and each wwvwee company concerned . this iittstr~aeat (bat slot prier to ttetoeleraom ■oadtar paoraarsph is bereby authorized and dirmtcd to make paymKrtet for sob loss 12 naftxa appfc-tip bw prances otherwise). The ntrtiice shag directly to the bailer iastead of to the Borrower and the spe ifs: (a) the defat*: (b) the aako feh*rrcd to cure the Larder jointly. and the insurance proceeds. or my pmt thereof, defmk. (c) a date, trot hm than 30 days from the date tbte may be applied by the Letdcr at its option either to the notioe is giweat to Borrower. by wbitti time defaalt nimst be curter reduction of the indebtedness baeby secured or to the and (d) that taiitre to ewe the defauk an or before the date rsstoratiors or rrpsir of the property damaged. in event of Fperified in the notice may result in diva of the sums foreclosure of this instrument or other irmssfer of titk to the several by this b Town d and sale of Uw Property- The notice mortgaged property it. extinguishownt of the iodebtedtsess "norther inform Borrower of the right to reinstme after secured hereby, all risfu. title and interest of the Sorrower in amderaf m cad the right to buiirts a court action to osier: the and to any insurance poiicks then in force shalt pass to the non teaoe of a default or any filter defense of Borrower to purchaser Gr grantee, actxkrstiom aad safe. If the default is not cored on or before 9. Thar as ad3itiout and collateral security for the payment the date spmried in the notice. Leender at its option nay require . Pa) full and may aas secured ay uhsDryvke this the power of the note described; and all sums to become dne tinder this ~ without o fwtbcr of ean vim instrument, the Eknrowrr hereby assigns to the Leader all of sale and any other remedies r permitted applicable le k raw. profi,3, revenues. royalties, rights and benefits accruing to the all expenses incurred °„-rrouer under any and all oil and gas leases on said premises. pumi th:11 be retitled to o collect an this paragraph 13, including. with the right to recrivc and receipt for the same and apply bum8 the remedies mable attorneys' this n but not limited to, rriertabk orneys*' fees fees and costs. of title tLem to said indebtedness as well before as after default in the evidence conditions of this instrumr*_tt, and the Lender may demand, site for and recover any such payments when due and payable, but If the pourer of sale is invoked. Ttuxee shall record a notice of shall not be required so to d--_ This assignment is to terminate default in each county in •hich any part of the Property is and become null and void upon release of this instrument, located and shall m-kid copies of R h rx-xice in the :Wanner prescribed by applieabk law to Borrower and to the other 10- That the &~rrower will keep the buildings upon said persons prescribed by applicable lave- After the time required by rremises ir.. good repair, and neither commit not permit waste apocable law. Trustee shall give public notice of sale to the upon said land, nor s0fer the said premises to be used for any persons and in the manse prescribed by applicable law. unlavtfui purpose. Trustee, without demand on Borrower. shall sell the FTOpcny at 11 _ That if the per fists, or any part thereof, be rnndemned public auction to the highest bidder at the time and place and under the power of eminent domain. or acquired for a public under the term designated in the notice of sale in one or more us-. the damag c~, awarded, the proceeds for the taking of, or parcels and in any order Trustee determines. Trustee may the consideration for such acquisition, to the extent of the full postpone sak of all iu any parcel of the Property by public amount of indebtedness upon this instrument and. the note announcement at the time and place of any previously scheduled which it is given to secure remaining unpaid, are hereby assigned sak- Lender or its "vier may purchase the Property at any by to,- Borrower to the Lender, and shall be paid forthwith to sale. said Lender to be applied by the latter on account of the nev Upon receipt of payment of the price bid. Trustee shall deliver maturing installments of such indebtedness. to the purchaser Trustee's deed conveying the Property. The 12- The Borrower further agrees that should this instrument recitals in the. Trustee's deed shall be prima facie evidence of the and the note secured hereby not be eligible for insurance under truth of the statements trade therein. Trustee shall apply the the National Housing Act within eight months from the date Proceeds of the sale in the following order: (a) to all expenses of hereof (wTitten statement of any officer of the Department of the sale. including, but not limited to. Trustee's fees as Housing and Urban Development or authorized agent of the putted by applicabk law and reasonable attorneys' fee;; (b) Secretary of Housing and Urban Development dated subsequent to all rims secured by this Security Instrument; and (c) any to the eight months' time from the date of this instrument, r-xoess to the person or persons legally entitled to it. declining to insure said note and this mortgage, being deemed 14- Upon acceleration under paragraph 13 or abandonment of conclusive proof of such ineligibility), the Lender or holder of the Property, Lender (in person, by agent or by judicially the note may, at it! c-, tion, declare all sums secured hereby immediately due and payable. Notwithstanding the foregoing, possession and receiver) shall manage e the entitled Property and enter to upon, collect take the rents this o tior- may not be exercised by the Lender or the holder of of the Property the n pe when the ineligibility for insurance under =he National of including those peal dfi Any rents collected br Lender or the receives shad be applied first to ftayrr>eW[ of the HouSiYe .1ct is due to the Lender's failure to remit the costs of management of the Propert), and cc-ot!ectian of rents. mortiage insurance premium to the Department of Housing and including, but not limited to, receive-'s fees, premiums on Urban Development. receiva's bonds and reasonable attorneys' fees, and then to the 13- That if.-.the :Borrow•cr fails to.make any payments of money sums secured by this instrument- when the same become due, or fails to conform to and comply _ with any of the conditions or agreements contained in this instrument, or the note which it n rest then the :mire principal sum and accrued interest shall at- once become dire and payable, at the eicc%on of the Lender- Pate 3 of 5 HUD•92143OT-1 a 4