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88- 105458 evenl of IO$S Bonowcr will live immediate notice by mail to the l..e!lc!or. who may make proof 01 I,,", il nOI nwIc promptly by Borrower. and each insUrlDCe company concerned is hereby outborizcd ODd dircctalln moke paymenl lor sucb Inss directly In lhc Lcodcr illStcad 01 10 lhc Borrower and the Lender jointly. and lhc iIlSurona: proa:cds. or any pan lhcrooL may be Ipplied by tbc Lcodcr &I iu oplioo cilhcr In lhc roduclion 01 lhc indeblcdness bcrcby secured or In lhc restOration or "'pair 01 tbc propcny cfama&cd. In cvea. of foreclosure of this lnstrumcnt or other lransfer of title lO lhc monppd property in ""tiquisbmenl 01 tbc iDcIcbIaIllc:u secured bcrcby. 011 riJh~ title and inlerest 01 the Borrower in and to MY insurance policies then in force shall pass to the pwclwcr or gron\CC. 9. That IS additional and collatcral security lor the paymenl 01 the DOlI: desajbcd, and 011 sums lO become due under this instrUmen~ the Bonuwer ben:by usips to the Lender all profiu.. revenues. royalties, riJhu and bcncfilS oa:ruinIlO the Borrower UGder any and 011 oil and lIS leases 00 said ptemiscs. with the righllO receive and receipt lor lhc same and opply them lO said iodebtedness IS well bel"", IS olicr delault in the conditions 01 this instrumen~ and the Lcodcr may dcmond. sue lor ODd recover any sucb paymcnlS wben due ODd payable. but sha1I nOl be rcquiml so to do. This ISSlgumcnl is to ccrm.inate aod become null and void upon release of this insuumcDL 10. 1bat the Borrower will keep lhc buildings upoa said p",mis<5 ill good n:poir, ODd neither commil nor pcrnrit WISlC upon soid Iond. .." _ the said premises lO be used lor any ualawlul purpose. 11. Tbol if lhc premiIcI, or any pan tbcr<ol, be cooclcnmal UGtler the power of cmiDcnt lIomoin, or acquiml lor I public use. the daJDI&cIlwordod. lhc procccds lor the liking oL or lhc coasideraEioo for sudI acquisition. 10 the atent of the full amounl of iDcIcbIaIllc:u upon lhis instrumcal aDd the note which it is liven to socurc remainiq uapoid. on: bcrcby ISIIipcd by lhc Borrower lO the Lcodcr. ODd sha1I be paid lorthwith lO said Lender lO be Ipplied by the laner on aa:oual of me next maturiDI iastallmcnrs of such iDdclJlodDeos. 12. Tbc Borrower Iurtbcr agrees thaI should this instrumcDl ODd the DOlI: secured bcrcby 00< be cliglblc lor illSuroooc uadcr the NIIioaal Housiq Aa within cipl mooths !rom the dote bcrcol lwriaal -' of auy 0:6= 01 the DcponmcDt of Housin& and U_ Dcvdopmcot or olllhoriml_' of the SaaeIIIy 01 Housing ODd U_ DcvdopmaII daicd su~UCIlIIO the cipt moaths' lime from lhc dotc of this inmumcDI. cIcditIiDI: 10 insun: said oole ODd this IIIDrIpF. bcinc docmod coocIusiw: proof 01 sucb iJIdiPbiIity). the Lcodcr or bolder of the DOlC may, II ilS option. dcdon: 011 sums occunod bcrcby immodi&Idy due ODd payoblc. NOlwitbstIDdiDg lhc forqoiD&. this optioa may 00< be acn:isod by the Lcodcr or the bolder 01. the DOlC wbcn the iDc1ipbility lor insuroooc under the NaIiOGal HousiD& Aa is due 10 lhc Lcodcr's Iailurc 10 remil the IIIllIlpp iDslIrID<C pn:mium lO the DcponmcDI of HousiDB ODd U_ DevcIopmcDL 13. 11lOl if the Borrower fails lO make any payDlCllu 01 money _ the same become due. or fails 10 conform 10 and co",p1y with any of the conditions or agreements conllined in this instrument. or the nOlc which il secures, then the entire prindpal sum and aocrucd interest shall al once become due and payable, at the election of the Lentler. Lender shall give notice to Borrower prior to acceleration following Bonowcr's breach of any CoYenant or agreement in this instrument (but not prior to acceleration under paragraph 12 unless Ipplicable law provides olherwise). The nUlice shall specily: (I) Ihe default; (b) the action required 10 cure the defaullj (<;) . date, nLltess lhan 30 days from the dale the notice is given to Borrower. by which me defaull must be cured; and Cd) that-failure to cure the default on or before the dale specified in lIIe notice ml.Y result in acceleration of the sums secured by litis instrument and sale of !.he Propeny. The notice shall further inform Borrower of the right to reinstale after acceleration and the right to bring a court action to assert the: non- existence of . deeault or afty other ddcnsc of Borrower to acceleration and sale. If the default is not cured on or before the cDle specified in the notice. Lender It ilS option may require immediate payment in fun of all sums secured by this instrument without funher demand and may invoke the power of sale and any other remedies permitted by appliable law. Lender sball be entitled 10 collect all expenses incurred in pursuing the remedies provided in this parqrapb 13. including. but not limited to, reasonable attorneys' fees Ind costS of title evidence.. if the power of sale is invok.ed. Trust.cc shall record a notice of defaull in cacb coUGty io which any pan 01 the Propeny is I"""led ODd shall moil copies 01 such nolia: in the manner prescribed by applicable law 10 Borrower and 10 tbc other pelSOllS prescribed by Ipplieoble law. After the time rcquiml by Ipplicable law, Trustee shall give public notice of sale to lIIe persons Ind in the manner prescribed by opplicable law. Trustee, withOUI demand on Borrower, sha1I sc1I the Property II public Iw:tion 10 Ihe hiBhcst bidder II the time and p1acc and under the terms designalcd in lIIe notice of sale in one or more parcels and in any order Trusl.eC determincs. Trustee may postpone sale 01 all or any parcel ollhe Propeny by public announcement allbe time and place of any previously scheduled saJc. Lcodcr or ilS design'" may purchase: the Propcny Ilauy saJc. Upon receipt of payment 01 the price bid. Trustee sball deliver 10 the purchase:r TrusleC'S deed conveying the Propcny. The rccillls in the Trustce's deed shall be prima Iocic evidence of the truth of the SlIle\IlcnlS made therein. Trustee shall opply the proa:cds of the sale in the followiDl order. (0) lO all ""peD5CS of the sale, includiog, bul OOllimiled 10, Trustce's fees IS pcrmiucd by Ipplicable law and ........ble onomeY" fccs; (b) 10 all SUfOS secured by this SecurilY Instrument and (c) auy nCl:SS lO the person or persons 1cplly catitled 10 iL 14. Upon aa:cIcration under paragrapb 13 or obondoomenl 01 the Propcny, Lender (in person, by qeDlor by judicially Ippointed receiver) sba11 be entitled to enter upon. take possession of and maaagc the Property and 10 collca the "",IS 01 the Propeny incIudin& those past due. Aay "",IS collcacd by Lender or the receiver shan be applied fim to payment of the costS of managcmcnl of the Propcny and coI1eetioo 01 ""'IS. including. bUI nOllimiled 10, receiver's fea. premiums DO receiver's bonds and reasonable anorney's fees. aDd then LD the sums secured by this instrumenL Paoe 3 of S HUEJ..121QOTa1