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202600506 interest, advanced under the provisions hereafter to protect the security and the performance of BORROWERS' covenants and agreements. BORROWERS covenant that BORROWERS are lawfully seised of such real estate and have the legal power and lawful authority to convey the same and warrant and will defend title to the real estate against the lawful claims of all persons. BORROWERS AND LENDER AGREE AS FOLLOWS: 1. BORROWERS shall pay when due, the principal and interest as provided in said note. 2. 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 the principal due. 3. BORROWERS shall pay all general real estate taxes and special assessments against the property before the same become delinquent. 4. If LENDER determines that any part of the property is subject to a lien, which is or may attain priority over this security instrument, LENDER may give BORROWERS a notice identifying the lien and BORROWERS shall satisfy the lien within ten (10) days. 5. BORROWERS shall retain possession of the premises at all times, except as may be otherwise agreed by the parties in writing. 6. BORROWERS shall maintain the buildings and improvements and all personal property sold under the parties' installment sale contract, in good condition and repair. 7. BORROWERS shall keep the improvements on said premises insured against loss by fire and hazards included within the term "extended coverage" for their insurable value and policies for the same shall include a standard mortgage clause showing LENDER herein. In the event of loss, LENDER may make proof of loss if not properly made by BORROWERS. 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 BORROWERS otherwise agree in writing, any payments or 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. 8. BORROWERS shall pay to the LENDER, if LENDER so requires, together with and in addition to the regular monthly payments of principal and interest, on the date set forth for the making of the payment each month, a sum as established by the LENDER equal to the taxes and special assessments next due on the premises, plus the premium that will next become due and payable on insurance policies covering the premises, divided by the number of months to elapse before one month prior to the date