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99-1��,�� along the South line of said quarter 55 rods for a point of beginning, thence West along the South line 40 rods, thence running North at right angle 30 rods . Thence running East at right angle 40 rods, thence running South at right angle 30 rods to the point of beginning. TOGETHER WITH all the improvements now or hereafter erected on the property, and all easements, rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water rights and stock and all f ixtures now or hereaf ter a part of the property. All replacements and additions shall also be covered by this Security Instrument . All of the foregoing is referred to in this Security Instrument as the "Property" . BORROWERS COVENANT that Borrowers are lawfully seised of the estate hereby conveyed and have the right to grant and convey the Property and that the Property is unencumbered. Sellers shall hold Buyers harmless with regard to any obligation of Lender under said Deed of Trust . Borrowers warrant and will defend generally the title to the Property against all claims and demands, subject to any encumbrances of record. COVENANTS . Borrowers and Lenders covenant and agree as follows : 1 . Payment of Principal and Interest; Prepayment and Late Charges . Borrowers shall promptly pay when due the principal of and interest on the debt evidenced by the Note and any prepayment and late charges due under the Note . Prepayment of principal and interest, or any part thereof, shall be allowed with no penalty. 2 . Charges; Liens . Borrowers shall pay all real estate taxes and assessments attributable to the Property which may attain priority over this Security Instrument, and leasehold payments or ground rents, if any. Borrowers shall promptly discharge any lien which has priority over this Security Instrument unless Borrowers : (a) agree in writing to the payment of the obligation secured by the lien in a manner acceptable to Lenders; (b) contest in good faith the lien by, or defend against enforcement of the lien in, legal proceedings which in the Lenders' opinion operate to prevent the enforcement of the lien or forfeiture of any part of the Property; or (c) secure from the holder of the lien an agreement satisfactory to Lenders subordinating the lien to this Security Instrument . If Lenders determine that any part of the Property is subject to a lien which may attain priority over this Security Instrument, Lenders may give Borrowers a notice identifying the lien. Borrowers shall satisfy the lien or take one or more of the actions set forth above within 10 days of the giving of notice . 3 . Hazard Insurance. If required by Lenders, Borrowers shall keep any improvements now existing or hereafter erected on the Property insured against loss by fire, wind, or other natural disasters, hazards included within the term ��extended coverage" and any other hazards for which Lenders require insurance. This insurance shall be maintained in the amounts and for the periods that Lenders require. The insurance carrier providing the insurance shall be chosen by Borrowers subject to Lenders' approval which shall not be unreasonably withheld. All insurance policies and renewals shall be acceptable to Lenders and shall include a standard mortgage clause. If Lenders require, Borrowers shall promptly give to Lenders all receipts of paid premiums . In the event of loss, Borrowers shall give prompt notice to the insurance carrier and Lenders . Lenders may make proof of loss if not made promptly by Borrowers . 4 . Protection of Lenders' Rights in the Property; Mortgage Insurance. If Borrowers fail to perform the covenants and 2 �