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<br /> 6qrrowers cavenant that Borrow�rs are lawfully seised of
<br /> such real estate and have the legal power and lawful authority to
<br /> convey the s�me and warrant and will defend title to the real
<br /> estate againgt �he la��fu1 claims of all persons.
<br /> AQP.AOAIERS litiA LEtiD�CA �f3RaZ 71A !'OLI.dlPB: �
<br /> 1. Borxowers shaJ.�. pay when due, the principal and interest
<br /> as provided in said note.
<br /> 2. All payments rece.ived by Lsnder shall be first applied
<br /> to advances which may have been made by Lender and then to
<br /> interest due and last to the principal due.
<br /> 3. Dor�owers shall pay all general real estate taxes and
<br /> sp�cial assessments against the property bePore the same become
<br /> delinquent.
<br /> 4 . If Lender deter.mines that any pa.rt of the property is
<br /> subject to a lien, which is or may attain priority over thi.s
<br /> securi.ty instrument, Lender may give Borrowers a notice
<br /> identifyinq th� lien and Borrowers shaii satis£y Li�e iien witt,�ra
<br /> ten (10) days.
<br /> 5�. Borxowers shall retain possession of the premises at a11
<br /> times, except as may be otherwise agreed by the parties in
<br /> writing.
<br /> 6. Horrowers shall maintain the buildings and improvements
<br /> and all personal property sold under the parties' installment
<br /> sale contract, in gaod condition and repair.
<br /> 7 . Borrowers shall keep the improvements on said premises
<br /> insured aga�.nst loss by fire and hazards included within the term
<br /> "extended coverage" for their insurable value and policies for
<br /> the sarne shall include a standard mortgage clause showing Lender
<br /> herein. In the event of loss, Lender may make proof of loss if
<br /> not properly made by Borrowers. Insurance proceeds shall be
<br /> � applied to restoration or repair of the property damaged, unless
<br /> both parties otherwise agree, except if restoration or repair is
<br /> - not e�onomically feasible or Lender's security is no� lessened,
<br /> otherwise, said proceeds shall be paid on the debt herein,
<br /> whethex ox not then due.
<br /> Unless Lender and Horrowers otherwise agree in writing, any
<br /> � payments or proceeds from insurance shall not extend or postpone
<br /> the due date of the monthly payments provided in said note, or
<br />.-_- change the amount of the payments.
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