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BORROWER AND LENDER AGREE AS FOLLOWS: 2 20170341r 1. Pay When Due: Borrower shall pay, when due, the principal and interest as provided in said Note. 2. Application of Payments: All payments received by Lender shall be first applied to advances which may have been made by Lender and then to interest due and last to principal due. Payments are not made by the Borrower until they are actually received by the lender which means that timely mailing is not relevant, what is relevant is the actual receipt by the lender. 3. Taxes & Assessments: Borrower shall pay all taxes and special assessments of every kind, now or hereafter levied against the trust estate or any part thereof as follows: (a) Borrower shall directly pay such taxes, without notice or demand as each installment comes due and shall provide the beneficiary with evidence of the payment of the same. (b) Borrower shall pay all general real estate taxes and special assessments against the real estate before the same become delinquent, or become a lien. 4. Prior Liens: If lender determines that any part of the property is subject to any other lien, which other lien is or may attain priority over this DOT, Lender may give Borrower a written notice identifying the lien and then Borrower shall have ten days to satisfy that lien and have it released of record. 5. Insuring Improvements: Buyer shall keep the improvements on said Property insured against loss by fire and hazards included within the term "extended coverage" for their insurable value, never to be less than the unpaid balance of this debt in any circumstances. Any policy for the same shall include a "standard mortgage clause" showing lender, herein, as the payee. In event of loss, Lender may make proof of loss if not promptly made by Borrower. Insurance proceeds shall be applied to restoration or repair of the property damaged, unless both parties otherwise agree; except, if restoration or repair is not economically feasible or Lender's security is not lessened, otherwise said proceeds shall be paid on the debt herein, whether or not then due. Unless lender and Borrower otherwise agree in writing, any proceeds from insurance shall not extend or postpone the due date of the monthly payments provided in said Note, or change the amount of the payments, but shall be added onto principal to reduce the number of payments. 6. Protection of Trust Property: If borrower fails to perform the covenants and agreements herein contained, Lender may do and pay for whatever is necessary to protect the value of the real estate and Lender's rights in the property, including: the paying of any sum secured by a lien which has priority over this security instrument; appearing in Court; paying reasonable attorney fees; and, entering the real estate to make repairs. Any amount disbursed by lender under this paragraph shall become an additional debt of Borrower secured by this DOT, to bear interest from the date of disbursement and said amount, together with the then unpaid principal amount, and shall bear interest at the highest lawful rate until refunded by Borrower.