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� �. `�---._��,�.,...�......... �_w.___ _�.. ---�-------- --- _-- ------- -- :� - _-�--�._, � � ' - � �'�"" �.Q�i��`� �he tien by� ar defend against enforcamen� of the lien in, legA1 procesdingg which in the Lender's apinion operate to prQV�nG Gh� � onforc�nwnt of ths 1 ian or forfeiture of any part of the Prvperty� ar (c} �eCUre f�•om �he halder of the tien an agreament •etisfacto�y ta Lender aubordindt9ng the lien to this 5ecurity Inst�um�nt. If Lendar dstermines that any part of the Proper�y is subject to a 1ien which may attain priority over this Secu�ity Inetrument, Lende� may give Borrowers a notice �dentifying the � lien. porrowera shall sat9sfy the 11en or teke one o� more of , ; the ect�l ons set� forth Above w�th i n 10 days of the g i v i ng of noti ce. ; " � 5. HAZA�d Insurgnce. Barrowers ahall keep the improvements : now existing or hereafter erected on the property inaured against loss by fire, hazards included within the term "extended � coverage" and any other hazards for which Lender requires � inaurnnce. This insurance shall be maintained 9n the amounts and , , for the periods that Lender requires and the amount on the _ � residence shauld be at a minimum the amount of the payoff to � Lender and Holder of said Note. The insurance carrier p�oviding i the insurance sha11 be chosen by Borrowers subject to Lende�'s i approval which shall not be unreasanably withheld. � All insurance policies and renewals shall be acceptable to ! Lender and shall include a standard mortgage clause. Lender . shall have the right to hold Lhe policies and renewals. If �ender requires, Borrowers shall promptly give to Lender a11 receipts of paid p�emiums and renewel notices. In the event of � loss, Borrawers. shall give prompt notice to the insurance carrier �� s and Lender. Lender may make proof of loss if not made promptly � by Borrowers. �i�°= ! � Unless Lende� and Borrowers otherwise agree in writing, r.- insurance proceeds sha11 be applied to restoratian or repair of - ; the Property damaged, if the restoration or repair is economically feasible and Lender's secu�ity is not lessened. If � 1, the restoration or repair is not economically feasible or - E Lender's securjty would be lessened, the insurance proceeds shall " � be applied to the sums secured by this Security Instrument, i whether or not then due, with any excess pa�id to Borrowers. If � Borrowers abandon the Property, or do not answer within 30 days a = � ' notice f rom Lender that the insurance carrier has offered to � settle a claim, then Lertder may collect the insurance proceeds. Lender may use the proceeds to repair or �estore the Property or � to pay sums secured by this Security Instrument, whether or not then due. The 30 cfay period wi11 begin when the notice is given. �� ;:�.- � Unless Lender and Borrowers otherwise agree in writing, any application of prviceeds to principal shail not extend or postpone ' � the due date of the monthly payments referred to in paragraphs 1 � and 2 or change the amount of the payments. If under paragraph � 19 the Property is acquired by Lender, Borrowers' right to any ` insurance policies and proceeds resulting from damage to the ` P�operty prior to the acquisition shail pass to Lender to the • extent of the sums secured by this Security Instrument immediately prior to the acquisition. . 8. Preservation and Maintenance of Property; l.easeholds. Borrowors shall not destroy, damage or subsS:antiaZly c�ange the Property, allow the Property to deteriorate or commit waste. If this Security Instrument is on a leasehold, Borrawers sFoa71 �----- comply with the provisions of the lease, and if Borrowers acquire � fee title to the 'iaraperty, ths leasehold and fee title shall not merge unless Lender agrees to the merger in writing. 7. Protectipn of Len�er's Rights in the Property; Mortgage , �, Insurance. If Borrowers fail to perform tF�e covenants and � agreQments con�a�ned in this Security Instrument , ar there �s a legal proceeding that may significantly affe�t Ler�der's rights �n � Lhe Property {such as a proceeding in bankrupLcy, proba�e, for � co c�ndemnuti�r �r to enforce iaw5 vr regulai;ior�s) . then Lender may �,�'� d� an�i pay �'�r whaLever is nece�sary to protect the value of ±he J