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<br /> 'F � . : _-� � - � : � � .� - . �= ------- 1--1�54�2�
<br /> - - . . .COVElWiT6. . Borrot+erg �and Lenders ' covenant. and �Qra� as �
<br /> -=-3 lollow: . . _ . � - . _.. . .. ` � . . _
<br /> _= 1. Psy�ent o! Principal and Inte�rest= Prspayasnt and Zats . —
<br /> _ _:
<br /> - Cl�argas. Borrawers shall graaptlY P�Y' When due ths principai]. o� —
<br /> - -- and fnte►rest cn fihe debt.eviaenaad by the Hote aad a�Y P=sP�Y�� - � ---
<br /> - '� ,. aad 2ate charg�s dus under ths Nots. . ,
<br /> �• ' 2. : FunBs tor Taxes and Insurance. Sabiect to applicable lav .
<br /> . ' or to a rtritten waiver by Lenders.. Horrot�rsrs shall PaY ta � . -
<br /> ` _� � groper antharities when dus gaarly taxes and asssssa�nta trbich sesY_ . . _ —
<br /> r'�:,. attafn Friority over this Securftg instr�entt tb) Y�arly leasebold =- .
<br />__- _ ...;�.= i! any= (c� yearly haza�d_ _ _ = �
<br /> P�►3t�n� �x 9rownd rents on the PropertY. __ _ -— -- _—_
<br /> =� , iASUra�nce presiw�st and (d) yearly aortga4e insurance preaiuss, it =_
<br /> .-`�r. a�s y� If the required PalTxnts are n+Qt aade,� Horrowers shall pay . �,,
<br /> �-=_-
<br />�--. '� ' - ' ta Le�aders any atount necessa�y to aake-uP ths deticiency im one or _ �...;.
<br /> �.`:� � s�xe pey�ents as required by Lenders. . , �=�=_
<br />... � :_� � . .",, .._ .. _ �A=---
<br /> = 4. ChaY'9es:�':Y.iens. Horr�Wers ahall pay all :�� � _
<br /> _-��� assessaents, aharqes,� fines,:aad •i�os�tions attributable.�o� �ie::'.,..:_. �Q'-,.y-.i,
<br />. _ Whiab aay attaia priority.:aver this Seaurity Instru�ie�t• �: "
<br /> ... ProPertY :'..:�;
<br />• ' "� aad 3saseLold pay�ents ar grounid. rents, if any. 8orrow�ars shall � .
<br /> ovfded i.n pa�aqraph 2, ot if:-: :� �'��::'-`"'-'-
<br /> "�'=`� 1�►y �iese ab2iq�►tions i.n the�mansier pz _
<br /> �_�'�' _"�
<br /> , , `. _; . . not';�aaid ia that aanner, eorrowers shall pay then on tine Aireatiy . � �
<br /> �` , t�tl�a�rson oved _�rent. Har�oWers.shn�.i proaptly f�rnish-..to ...:..'
<br /> -a��- _ -- � —: — - � - f--
<br /> � �- � : isnders all aotices of amounts to be paici under-tb3.�paragraPb-- .�f ._ r
<br /> _ �� , HorroWSrs make tltese pay�eats directly, Horrowers shall promptlY -� ,�
<br /> ' �� #urnish to I,enders receipts evideaainq the pal�aents• � -. �:.
<br /> ..�.
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<br /> � ..�::;i��="�� . - Borrcwers shall proapt2y discharge aay lieii whic33 has prioritp- �._ . ;
<br /> �. t , .,.: : _
<br /> � over tbis Security Instru�eent unless Horrowers: (a) agree iu ��•:.�:.�'.' '-�`a�
<br /> :;.;''=;�=�,r�;":. writinq to the payient of the obiiqat�an secured by the lien in a . . ''� � . ,.�,..=-_ -
<br /> •`''{ �-:f'�:'? � aanuer acceptable to I�eitders; (b) contest in qood faitb the.`lien .,..��..�.;. -
<br /> :'< `�::`.��". by, or defend ttqainst enforcement of the liea in, legal proceedings �
<br /> 4 ....yil'::,.. ., . _
<br /> � � whiah in the Isnders• opinion operate tc prevent the enfcrcesent of '�"��°—
<br /> . ,:, :. 'r� :'
<br /> ' + ': the lien or Porfeiture of aisy p PB�Y' ,:. �����`� --
<br /> _ art ot the Prc , or (a) seaure :. �
<br /> _ _ , . fro�a the holder of the lien an agree�ent satisYactory to Leadsrs �;.,.. . . � :
<br /> , ' ; subordinatinq the lien to tbia Security Instrument. If Lenders� �� . =_.��.
<br /> • � detesaine that anp part c4 the Property is subjeat to a lien wbi.c r , .__
<br /> ' ._�'I . � aay attain priority over this security Instrument, I�endezs aiay give � �
<br /> 8orrowers a notice idantifying the lien. Horrowera shali satisly �
<br /> �'t� 'i• ' ' the lien or take one or mare a� the aations set forth above within ,;:_ ; , :
<br /> ;r_ . .. }.. , . _
<br /> - 10 days oP �he givirtq of notice. h..,:,
<br /> r �:� � 5. Hazard insurance• Borror�ess shall keep the improvenenta i
<br /> .. � . noW existing or hereafter erected on the Proper�y i.nsnred against �� :� +'. �: - .
<br /> ''����- '•� �' lo�s by fixe, bazards included within the term �extended coveraqe» � ���� =r'
<br /> ;- r. . . „�:.
<br /> ,�: -::� ., • and .any other hazarAs for wbich I,enders req.a�ire insurance. This , ,
<br /> - � " � insurance sbali be �taintained in the amouA�s .and for the perioes ' � _ : � ;> . �
<br /> �E,�� r . that Lenders. r ire. The insurance carx3er }aroviainq the ; , .;::.` ',
<br /> `�'";:�-`..:��, � insurance shall be�chosen by Borrawers sub9ea� to Leiaaiers• approval `..�
<br /> - ;;,--� --- :--_ , anic�b-s�all r►ot ha ur�rc�oAabZ�� .s�lthhet�. � , : - - . -
<br /> �].1 insurance policies anci renewals shall be acceptabie to : .
<br /> � : � Lenders and shall include a standard mortgage clatise. Lenders . � �
<br /> . sbali have the right to hold the policfes and renew�ls. It Lendera � •
<br /> � � require, Borrawers shall promptly qive to tenders all receipts of
<br /> � �. paicl presl.uss an� renewal notices. In the cvent of loss, Bosryrawers : .�
<br /> � � shali give proapt notice to the insurance carsier ana Lendera.
<br /> Lendere aay aake paooP of losa iE not made promptly by Horrowere.
<br /> . � Unlesg Lenders an8 Bcrrowere ottierwise agree in writinq, �
<br /> � � � � • insurance psoceeds shali be applied to restoration or repair oE the �
<br /> � : ,'. pmperty da�aqed, i� the restorati�n or repair is eaanomically .
<br /> - geas3ble and Lendera� security is not lessened. �f the restoration
<br /> or repair is nat economicaliy feasibie or Lenders� security would '
<br /> , �, � be lassened, the insurance proaeeds shall be applied to tha sums �
<br /> � � securad by thi.s security �nstruaent, whettner or not then due, with
<br /> - . � . , any encess paid to Barro�erg. ig Borrawers abanfl+�n the PropertY• . .
<br /> __'� os do not answer wlthin 30 �ays a notice fro' �,enders tLat the -
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