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200905510 1. Payment of Principal; Prepayment and Late Charges. Borrowers shall promptly pay when due the principal on the debt evidenced by the Nate and any prepayment and late charges due under the Note. Prepayment of principal or any part thereof, shall be allowed without the prior written consent of Lender. 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 Lender's 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 Lender subordinating the lien to this Security Instrument. If Lender determines that any part of the Property is subject to a lien which may attain priority over this Security Instrument, Lender may give Borrowers a notice identifying the lien. Borrowers shall satisfy the lien or take one ar more of the actions set forth above within 10 days of the giving of notice. 3. Hazard Insurance. If required by Lender, Borrowers shall keep any improvements now existing ar hereafter erected an the Property insured against loss by fire, wind, ar other natural disasters, hazards included within the term "extended coverage" and any other hazards for which Lender requires insurance. This insurance shall be maintained in the amounts and for the periods that Lender requires. The insurance carrier providing the insurance shall be chosen by Borrowers subject to Lender's 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 Lender requires, Borrowers shall promptly give to Lender all receipts of paid premiums. In the event of foss, Borrowers shall give prompt notice to the insurance carrier and Lender. Lender may make proof of Ivss if not made promptly by Borrowers. 4. Protection of Lenders' Rights in the Property; Mortgage Insurance. If Borrowers fail to perform the covenants and agreements contained in {his Security Instrument, or there is a legal proceeding that may significantly affect Lender's rights in the Property (such as a proceeding in bankruptcy, probate, for condemnation or to enforce laws ar regulations), then Lender may do and pay for whatever is necessary to protect the value of the Property and Lender's rights in the Property. Lender's actions may include paying any sums secured by a lien which has priority over this Security Instrument, appearing in court, paying reasonable attorneys' fees and entering on the Property to make repairs. Although Lender may take action under this paragraph 4, Lender does not have to do sa. Any amounts disbursed by Lender under this paragraph 4 shall become additional debt of Borrowers secured by this Security Instrument. 5. Inspection. Lender or their agents may make reasonable entries upon and inspections of the Property. Lender shall give Borrowers notice at the time of or prior to an inspection specifying reasonable cause far the inspection. 6. Condemnation- The proceeds of any award or claim for damages, direct or consequential, in connection with any condemnation or other taking of any part of the Property, or far conveyance in lieu of condemnation, are hereby assigned and shall be paid to Lender. In the event of a total taking of the Property, the proceeds shall be applied to the sums secured by this Security Instrument, whether yr not then due, with any excess paid to Borrowers. In the event of a partial taking ofi the Property, unless Borrowers and Lender otherwise agrees in writing, the sums secured by this Security Instrument shall be reduced by the amount of the proceeds multiplied by the fallowing fraction: (a) the total amount of the sums secured immediately before the taking, divided by (b) the fair market value of the Property immediately before the taking. Any balance shall be paid to Borrowers. If the Property is abandoned by Borrowers, or if, after notice by Lender to Borrowers that the condemnor offers to make an award or settle a claim far damages, Borrowers fail to respond to Lender within 30 days after the date the notice is given, Lender is authorized to collect and apply the proceeds, at their option, either to restore or repair the Property or to pay the sums secured by this Security Instrument, whether or not then due. 7. Borrower Not Released; Forbearance by Lender Not a Waiver. Extension of the time far payment ar mod cation of amortization of the sums secured by this Security Instrument granted by Lender to any successor in interest of Borrowers shall not operate to release the liability of the original Borrowers or Borrowers' successors in interest. Lender shall not be required to commence proceedings against any successor in interest ar refuse to extend time for payment or otherwise modify amortization of the sums secured by this Security Instrument by reason of any demand made by the original Borrowers or Borrowers' successors in interest. Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude the exercise of any right or remedy. 8. Successors and Assigns Bound; Joint and Several Liability; Co-signers. The covenants 2