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<br /> �- n of Pa eate. All paymeats received by �ender under
<br /> •;';' . . 3. Applicatio yA►
<br /> ��.;�,•°� . garagraph 1 shal? be applied: fira�, to late ch�rqes due under the Notie. i€ 4•'•.
<br /> :; ��,� • any; second, to prepayment char�es due uader Che Note, if any; third, to
<br /> . �. c, �� inter8st duej and, laet, to priacipal due.
<br /> ��� � 4. Chargesj Liens. Barromera shall pay all taxes. assessments,
<br /> , �` ��.=�.:;:-, rhar�es. fines, and impositions attributable to the Property �hich may attaia ,� .
<br /> '"'�`" priority over this Security Instniment. Borroa�ers ghall gay them on time
<br /> � � directly to the person oored paymeat. When Bonomers make these paya�ents
<br /> ' directiy, Sorro�ers s2ta11 promptly furnish to Lender receipts evideneing t2te �
<br /> � � , - _ payments. . `r
<br /> ' Borrawers shall pmmptly discbarge any lien �rhich 1�as priority over this
<br /> , `s:_'�,; gecurity znstr�eat unless Borro�rera: ta) agree in•writing to the payment of .-
<br /> ••• u• the obligatian secured by the liea in a marmer acceptable to Lenders (b)
<br /> •� � contest i�s good faith the lien by, or defend against enforcement of the lien
<br /> ,}` ia. legal proceedings which ia the I,enBer�s epiniaa aperate to prevent t2ce ���� .
<br /> . '., ;.
<br /> • '=���» eaforcemeat of the lfen or farfeiture of aay part of the Propertys or (c) .
<br /> - secure fram the holder of the lien aa agreemeat satisfactory to I.endez
<br /> - - suY�ordinating the liea to this Security Iastrument. If Leader determiaes
<br /> that any part of the Property is aubject to a lien vohich may attain priority
<br /> :���s�} �.,` wer this S�curfty Instrument, Lender coay give Borromers a natice identifyfag __
<br /> • �•��`:"�•`��:���.:��.i, the 2ien_ Borro�era•shalZ satiafy the lien or take one or atore of the
<br /> � .�� � ' %=��'�`, actions se� forth abane Lritlnin 20 days of the giving of notice. "
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<br /> ��`�'� 5. Hazard Insurance. Borrovrers shall keep the improvements aom . �.
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<br /> .:. ,..``..,`:r existing or hereaft�r erected on the Property insured against loss by fire. `�'`�:
<br /> � � hazards iaaluded �aithin the term "exteaded caverage" and aay other hazar�s
<br /> . ��� .•.- ,�,��� . for which Lender requires insuraace. Thi.s {n�„�nce shall be sa�.ntained in =.-'`
<br /> :.� '• �'j;� , � the amrnm�s aud for the periods that Lender r�quires but�not less than the °-�=`-
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<br /> �'c;;j�lf(�'`t c°�
<br /> - t;;`,v,'��`'" a�mount oc�ed Lende�r., The insurance caaaier prr�vidin9 tIw �insurance shall be :: :; -.
<br /> ?<r���:; ;.'.`; �: -
<br /> >t�. . ` chosen by Borro�e�s aubject to r�a�er's agproval ��iiich a2�a11 not be �m,�
<br /> : �
<br /> - �mreasoaab,Iy witlaheld, and Lender ahall be p�ided a copy of said insurance �"".:
<br />-, �--. policy_ F.'_-
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<br /> � • A11 insurance policies aad reaewa].s sbali be acceptable to Lender and i..
<br /> shall include a standard mortgage clause. Lender shali hav� the right to E.`•-=
<br />- • hold the policies and renemals. If Lender requi.res, Borror�ers shall pramptly �`---
<br /> ' • give to Lender all receipts of paid pr�miums and reaecda]. noticea. In the r.-""
<br /> - event af loss, Borrorsera s8a11 give prompt notice to the insus�nce carrier e _
<br /> -- �':'`:.": aad Leader. Lender may make proof of Ioss if not made
<br /> •„-,,;,, prcaptly Dy Borro�ers.
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<br />= � � Un1�sa Lender aa8 ac}nowers �tizerwi.se agree in �riti.a�, insurance
<br /> a � � • • proceed�• �hal1 be appl3.ed ta zestar-d�ion or z��a3ir of the Prep��y damage�. � ;��
<br />- �� .� : • if the s�toration or repair i�s �eocar.�nicaliy f�asib le aa d Len�r`s secur ity
<br /> � . . , fs not lessened. if the restoratian; ar repair is not economic�l.�y feasible ���
<br /> - . � f�. ' • ar Leader�s security would be les�ened, the fnsurance proceeds shall be
<br />- . ., �-°'
<br /> -= . applie8 to the sums secured � this Security Instrument, whether or not then ,�.
<br /> -- .. • . � due, �rit�a any excess pai9 to Borrowere. IE Sorro�aers abaadoa r.i� Property. -
<br /> - � ' er, da ��� ana�er within 3Q days a notice from I.eader t.bat t3s insuraace -
<br /> - �>`��•�;• " carri.er �as offered to settle a cla3m, then Leader may aellect the insurance •
<br /> �::�t;.:; . ,
<br /> �:��� � proceeds. Lender may use the proceeda to repair or restore the Psoperty or
<br />-- �.. . to pay Bu�s secured by this security instrument, sahether or aot then due.
<br />-- ,� . . The 30 �ay periad �aill begin whea the notice fe given. -
<br />- • � � Unless Len.der and Borrawers othes�ise agree in writi�aq, any app2lcation .
<br /> of proceeds to priacipal shall not extead or poatpone the due date oE
<br /> __ � � .� �. . paymenta reEerrer� to ia paragraph i or cbange the amount of the payments. If
<br /> - . " ,' under paragraph 39 the Property is acquired by Lender, Bonor�ers' right to
<br /> x � � any insurance policies an8 proceefls resulting from damage to the Property
<br /> " � , � prior to the acquisition shall pass to Lender to the extent of the sums
<br /> = �. � ", �,'f secured by this Security instrument immediately prior to the acquisition.
<br />- . . � ,
<br /> ;. :-� 6. Presezvatioa and Maiatenance oP Property: �aseholds. eorror�era
<br /> ? ` shail aot destroy, damage or substantiaily change the Property, ailo� the
<br /> ° •_. ,..; Property to deteriorate or commit roaste. If this Security Instrument ia on •
<br />- - . � . j a leasehold, Borra�ere shall comply �vith the prtsvisians of the lease, and if
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