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201406716 <br />1. BORROWER shall pay when due, the principal and interest as <br />provided in said note. <br />2. All payments received by LENDERS shall be first applied to <br />advances which may have been made by LENDERS and then to interest <br />due and last to the principal due. <br />3. BORROWER shall pay all general real estate taxes and <br />special assessments against the property before the same become <br />delinquent. <br />4. If LENDERS determine that any part of the property is <br />subject to a lien, which is or may attain priority over this <br />security instrument, LENDERS may give BORROWER a notice identifying <br />the lien and BORROWER shall satisfy the lien within ten (10) days. <br />5. BORROWER shall retain possession of the premises at all <br />times, except as may be otherwise agreed by the parties in writing. <br />6. BORROWER shall maintain the buildings and improvements and <br />all personal property sold under the parties' installment sale <br />contract, in good condition and repair. <br />7. BORROWER shall keep the improvements on said premises <br />insured against loss by fire and hazards included within the term <br />"extended coverage" for their insurable value and policies for the <br />same shall include a standard mortgage clause showing LENDERS <br />herein. In the event of loss, LENDERS may make proof of loss if <br />not properly made by BORROWER. Insurance proceeds shall be applied <br />to restoration or repair of the property damaged, unless both <br />parties otherwise agree, except if restoration or repair is not <br />economically feasible or LENDERS' security is not lessened, <br />otherwise, said proceeds shall be paid on the debt herein, whether <br />or not then due. <br />Unless LENDERS and BORROWER 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. <br />2 <br />