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99 11�570 <br /> such real estate and have the legal power and lawful authority to <br /> convey the same and warrant and will defend title to the real <br /> estate against the lawful claims of all persons. <br /> BORROWERS AND LENDERS AGREE AS FOLLOWS : <br /> 1 . Borrowers shall pay when due, the principal and interest <br /> as provided in said note. <br /> 2 . All payments received by Lenders shall be tirst applied <br /> to advances which may have been made by Lenders and then to <br /> interest due and last to the principal due . <br /> 3 . Borrowers shall pay all general real estate taxes and <br /> special assessments against the property before the same become <br /> delinquent , <br /> 4 . If Lenders determine that any part of the property is <br /> subject to a lien, which is or may attain priority over this <br /> securit� instrument, Lenders may give Borrowers a notice <br /> identifying the lien and Borrowers shall satisfy the lien within <br /> ten ( 10) days . <br /> 5 . Borrowers shall retain possessian of the premises at all <br /> times, except as may be otherwise agreed by the parties in <br /> writing. <br /> 6. Borrowers shall maintain the buildings and improvements <br /> and all personal property sold under the parties' installment <br /> sale contract, in good condition and repair. <br /> 7 . Borrowers shall keep the improvements on said premises <br /> insured against loss by fire and hazards included within the term <br /> "extended coverage" for their insurable value and policies for <br /> the same shall include a standard mortgage clause showing Lenders <br /> herein. In the event of loss, Lenders may make proof of loss if <br /> not properly made by Borrowers . Insurance proceeds shall be <br /> applied to restoration or repair of the property damaged, unless <br /> both parties otherwise agree, except if restoration or repair is <br /> not economically feasible or Lenders' security is nat lessened, <br /> otherwise, said proceeds shall be paid on the debt herein, <br /> whether or not then due. <br /> Unless Lenders and Borrowers otherwise agree in writing, any <br /> payments or proceeds from insurance shall not extend or postpone <br /> the due date of the monthly payments provided in said note, or <br /> change the amount of the payments . <br /> 2 <br /> __------ � <br />