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made ~hall be added to Ihe rUlI1l.:lplll ~um 0\\108 on the abO\'c nOle, shall be ~ecured h('reb~. and ~hall bear Inlere~1 al the ralC ~et forth in the \aid nOle. unlll paid, 88- 106318 7. Tha[ the Borrower hereb) iJ~si8m" Iramfer~ iJnd sets O\:er to Ihe lender. to be applied toward the paymenl of Ihe note Bnd all sums sc~ured hereby in ~asc of a default in the performance of anv of Ihe terms and conditions of this inslrurnent or the ..aid noie. illllhe reOls. revenues and income 10 be derived from lhe said premise!! during ~uch time a~ the indcbledness 'ihall remalO unpaid. and Ihe l~nder ,hall h3\'C po\\er to appoint any agent or ag~nts it ma)' desire for the purpose of r~pairins said premise.. and of renting the !!ame and 1.701l~"mg the rcnl~. rcq:nue:"s and income. and it ma~ pa)' OUI of said incomc'i all c'\p~n"e.. of repainng ,aid premisc!I and neCe:"5,ary commi!!~lon!i and e'pcmc~ incurred m rent- ing and managing the \ame and of ~ol1ecting rentab therefrom: the balan-.:e remaining. if an). 10 be applied 10\\ ard the:" di..charge of ..aid indebll.'dne". S. Th3t the Borrouer \\ill I..cep the imrrL\\emem\ nO\\ e\l..ling or hereafter erecled on The pHlpeTf~. m..ured a, ma~ h~ re4ulred from IImt:' 10 lime b\' l he Lcnder al!.lll\\t [m~ b\ fire and other halard... .:a~uahie~ a~d COnllnl!enCl~' In ;,uch a~(lunl" and for ~Udl pt:'rioJ~ .... ma~ be requlfl:d b~- the Lender and \\ II] ray prompt 1:- . uhen due. an) premIum, on ..u.:h In'ourancc prmi'lon for pa)mem ~lf ~\llI.:h ha!. nO! tleen made herclI\~C'forc, ,-\Illn\urancc ..hall be c~rr!cd 11\ COmp3l\le" appro\cd by lh~ lender and the POhClt'.. and n:ne....al~ thereof ,hall be held b~' Ihe lender and hone attached thcreto 10<''' payable dau..e.. in f~\or of and in iarm .:hx~ptahlc 10 Ihe LC'nder. In c\ent of 10.... Borro\\er ~\11l gl\1' immediate nOll..:e b) mail B..l thc lender. \,ho ma) make proof of lo..~ If not made prompll) by Borrower, and cach lI\!.urance com pan) concerned I.. hcrcb) authonled and direclcd t\,.l make pa~-ment for ..uch 10.... dlfl:-l.7tly 10 Ihc Lender imlead 01 lei the B\lrrO\\er and rhe lender joimh, and the" insurance procl~d... or an~ pan Thereof. may be applied b~ IhC' lender at ll.. option either [0 tht' reduction or the indebledne.... hcreb~ ..ecured or 10 lhe re~hJralll'n or rcpair of Ihe property damaged, In e\enl of fmeclmure ot" lhi.. in..trumcnt or other tramler of title [0 the mortgag.ed propert) tn c\tingul\hmem of the indeoledne.... \('..:ured herch\, all nl!ht. lllle and II\lere..t of the Borro\\c:r m and 10 an) m,ur~ncc P\lll"'Il." then HI for.:e ,hall pa.... to [h(' pur.:ha\t'r I.lf grantt'r. I). That a~ additional ,md cullalcral ..ecurl!) fllr thl;' pa.yment of the notl.' described. .10\1 ,dl sum.. lu bt::L'oml.' dul.' undt::r thIS mstru. T11cnt, the Burruwer hcrch~' assIgns to the lender .111 profits, re"'enues, royaltie~. nght\ :md bt'nel1ts a.:.:rumg to Ihe Borro\\er under any and all oil and gas leases on said premises, wilh the right 10 n:cc:i\e and receipl for Ihe ~ame and apply Ihem to s~id indebtcdne5!io as \\ ell ~fore as after defaul1 in the condilions. of Ihis in..trument. and Ihe lender ma'. demand. !Iue for and reco\'cr .Jny 'iu-.:h pa~'ment!o u ht::n duC' and p'a~'able. but 5hall nOI be re. quired 'iO to do, Thi.. a!osig:nment i~ 10 lerminale and becon;e null and \'old upon release of this inslrument. 10. That the Borro\\'er \\'ill keep the buildings upon said premises in good repair. and nC'ither commit nor permit waste upon said land. nor suffer the said premises IO be uscd for an)' unlawful purpose. II. That if the premi~". or an~' pari Ihereof. be -.:ondemned under the po""er of eminenl domain. or a'Quired for a public use. the damagcs awarded. the proceeds for [he taking of. or the con. sideration for such acquisition, to lhe c:t:tent of the full amount of indebtedness upon Ihis instrument and the note which it is given to secure remaining unpaid. are hereby assiJIled by the Borrower to tm Lender. and shall be paid forthwith to said lmdcr to be ap- plied by the latler on account of the next maturing installments of such indebtedness. 1.2. The Borrower further agrees thaI 'ihould this Instrument and the nOle secured hereb)' not be eligible for insurance under the Na. lional Housing Act within eight months from thc date hereof (wnllen stalement uf any officer of the Department of Housing and t:rban Development or authorized agcnt of the Secretary of Housing and Urban Development dilted subsequent to Ihe eight momhs' lime from the date of this instrument, declining to insure '\aid nOle and this mortgage, being decmed conclusive proof of ~uch ineligibililY). the lender or holder of the nOle may, at its op- lion. declare all sums secured hereb~' immediately due and payable. ;o.;ot\\l1hstanding the foregoing, lhis option may nOI be exercised by the Lender or the holder of the note when lhe ineligibility for lmurance unde; the ~a.tional Housing Act is due to the Lender's t"ailure to remit Ihe mortgage Insurance premium to the Depart. mt::nl of Hou!ling and Urban Deveopment. D, Thai If the Borroucr fails 10 make any payments of money \\h~n th~ ,amI;' become due. or fails to conform (0 and comply ullh an~ of Ihe conditions or agreemems comained in this instru- men!. llr [he note \\hich it secures. then the emire principal sum and ac.:ruc:d imerest '\hall al once become due and payable, at the ekL'[10n of [he lender. Lt=ndcr ~hall gh e notice to Borrower prior to acceleration tollll\\ing Borrower'~ breach of any covenant or agreement in Ihis In~lrument lbul not prior to acceleration under paragraph 12 unle.... applicable law provides otherwise)_ The notice shall specify: tal the default; lbllhe action required to cure the default; (c) a date. not less than 30 days from the date the notice is given to BorrO\\er. by which the default must be cured; and (d) that failure to cure Ihe defauh on or before the date specified in the notice may resull in acceleration of Ihe sums secured b)' this instrument and ..ale crf Ihe Property. The notice shall further inform Borrower ,If the right 10 reinslate afler acceleration and the right to bring a court ilCllon 10 a!l~ert the non-existence of a default or an)-' other defense of BorrO\\er 10 acceleration and sale. If the default is not cured on or before the date specified in Ihe notice. lender at i[s option may require immediale pllymem in full of all sums secured b~ lhl~ instrumem without further demand and may invoke the power of sale and any other remedies permitled by applicable law. lender shall be entitled to collect all e:t:penses incurred in pursuing the remedies provided in this paragraph 13, induding, but not Iimiled to. reasonable attorneys' fees and costs of title evidence. If the power of sale is invoked, Trustee shall record a notice of default in each coumy in which any part of the Propeny is located and shall mail copies of such notice in the manner prescribed by applicable law to Borrower and to the other persons precribed b~' applicable law. After the time required by applicable law, Trustee shall give public notice of sale 10 the persons and in Ihe manner prescribed by applicable law. Trustee, without demand on Bor. rower, shall sell the Propeny at public auction to the highest bid. der at the time and place and under [he terms designated in the notice of sale in one Dr more parcels and in any order TruSlee determines. Trustee may postpone sale of all or any parcel of the ProperlY by publiC announcement at the time and place of any pre\ ioush' scheduled sale. Lender Dr ilS deSignee may purchase the Propen)' at any sale. Upon receipt of payment of the price bid, Trustee shaIl deli\"C:r 10 the purchaser Trustee's deed conveying the Property. The recitals in the Trustee's deed shall be prima facie evidence of the truth of the statements made therein. Trustee shall appl}' the pro. ceeds of the sale in [he foUo\\ing order: (a) to all e:t:penses of the sale. including, but not limited to. Trustee's fees as permitted by applicable law and reasonable anomeys' fees: (bl 10 all sums secured by this Security Instrument; and (el any cxcess to the per. son or persons legally entitled to it. Page ~ o..?\~:J l HUll-t2U3DT