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3.2 L'pon an E~enl of Default (aril following any applicable notice and cure period, if any),
<br />Bolder rnay, at its option, do any one or more of the following;
<br />(a) If Grantor has failed to keep or perform any covenant whatsoever contained in this
<br />instrument, Holder may, but shall not be obligated to any person or entity to do so, perform or attempt to
<br />perform such covenant; any payment made or expense incurred in the performance or attempted
<br />performance of any such covenant shall be a part of the Obligation, and Grantor promises, upon demand,
<br />to pay to Holder, at the place where the Note -s payable, or at such other place as Holder may direct by
<br />written notice, all sums su advanced or paid by IIolder, with interest at the highest lawful rate from the
<br />date when paid or incurred by Holder. No such payment by Holder shall constitute a waiver of any Event
<br />of Default. In addition to the Lens hereof, Holder shall he subrogated to all Rights and Liens securing
<br />the payment of any debt, claim, tax, or assessment [or the payment of which Holder may make an
<br />advance, or which Holdcr may pay.
<br />(b) IIolder may, without notice, demand, or presentment, which are hereby waived by
<br />C}rantor and all other parties obligated in any manner whatsoever on the Obligation, declare the entire
<br />unpaid balance of the Obligation -mmed-ately due and payable, and upon such declarat-on the entire
<br />unpaid balance of the Obligation shall be immediately due and payable.
<br />(c) Holdcr may reyuest Trustee to proceed with foreclosure, and -n such event Trustee is
<br />hereby authorized and empowered, and it shall be his special duty, upon such reyuest of Holder, to sell
<br />the Mortgaged Property, or any part thereof, to the highest bidder or bidders for cash, at the courthouse of
<br />the county in the State of "Texas wherein the Land then subject to the Liens hereof is situated; provided
<br />that if the Land is situated in more than one county such sale of the Mortgaged Property, or part thereof,
<br />may be made in any county in the State of Texas wherein any part of the Land then subject to the f,iens
<br />hereof is situated. Any such sale shall be made at public outcry, on the day of any month, during the
<br />hours of such day, and after written notices thereof have been publicly posted in such places and for such
<br />time periods and all persons and entities entitled to notice thereof have received such notice, all as
<br />required by applicable law in effect at the time of such sale; and nothing herein shall he deemed to require
<br />Holder or Trustee to do, and Holder and Trustee shall nut be required to do, any act other than as required
<br />by applicable law in effect at the time of any such sale. After such sale, Trustee shall make to the
<br />purchaser or purchasers thereunder good and sufficient deeds and assignments, in the name of Grantor,
<br />conveying the Mortgaged Property, or part thereof, so sold to the purchaser or purchasers w-th general
<br />warranty of title by Grantor. Sale of a part of the Mortgaged Property shall not exhaust the power of sale,
<br />but sales may be made from time to time until the Obligation is paid and performed in full. It shall not be
<br />necessary to have present or to exhibit at any such sale any of the Accessories. In addition to the Rights
<br />of sale granted under the preceding provisions of this subsection, if default is made in the payment of any
<br />installment of the Obligation, Holder, at its option, at once or at any time thereafter while any matured
<br />mstalln-enl remains unpaid, without declaring the entire Obligation to be due and payable, may orally or
<br />-n writing direct Trustee to enforce th-s trust and to sell the Mortgaged Property subject to such
<br />unmatured indebtedness and the Liens securing its payment, in the same manner on the same terms, at the
<br />same place and time, and after having given notice in the same manner, all as provided in the preceding
<br />provisions of this subsection. After such sale, Trustee shall make due conveyance to the purchaser of
<br />purchasers. Sales made without m~rluring the Obligation may he made hereunder whenever there is
<br />default in the payment of any installment of the Obligations without exhausting the power of Sale granted
<br />hereby, and without affecting in any way the power of sale granted under this subsection un the
<br />unmatured balance of the Obligation (except as to any proceeds of any sale which Holder may apply as a
<br />prepayment on the Obligation) or the Liens securing payment of the Obligation. It is intended by each of
<br />the foregoing provisions of this subseclton that Trustee may, after any request or direct-on by Holder, sell,
<br />not only the Land, but also the Accessories and other interests constituting a earl of the iVlorlgaged
<br />Property, or any part thereof, along with the Land, or any part thereof; all as a un-t and as a part of the
<br />F,-i
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