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2o1ioo143 This secuuity instntment seaures to LEAiDER fhC debt evidenced by the prcrm�issory note, and payrnent of all ather sums, with interest, advanced under tk�e pravisions hereafter to protect the security and the perfonm�ancy of BORRQWER'S covenants and agreements. EQRR�WER covenants that SORROWER is lawfully seiz�d nf such rcal estate and has fhe legal power and ]awfu.i autharity to convey the same and warrants and will defend title ta the real estate against the lawful claims oF all persons. BORRQWER AND LENDER AGREE AS FQLLOWS: I. SORROWER shall pay when due, the principal and interesk as pxovided in the promissary note. 2. All payments received by LENDER shall be first applied to ad�ances that may have been made by LFNDER and then to interest due and last to principal due. 3. S4RR�WER shall pay all general real estate taxes and special assessments against the property before the same hecome delinquent. 4. If LENDER determines that any gart of this property is subject to a lien, which is or may attain priority over this security instrument, LENDSR may give BORRQWER a notice identifying the iien and BORROWER shall satisfy thc lien within thirty (30) days. 5. Buyer shal� keep the improvements on said preznises insured against loss by �re and h�zards i.ncluded within the term "extended coverage" for their insurable value and policies for the same shall include a standard r�aortgage clause shawing LENDER herein. In even.t of loss, LENDER may make proof of loss if not promptly made by BORROWER. Insurance proceeds shall be applied to restoration or repair of the property damaged, uniess bath parties otherwise agree, except if restoration or repair is zwt economically feasfi�le or L�.TTDER'S security is not Iessened, otherwise said procecds shall be paid on the debt here.in, whether or not then due. i7nless LENDER and BORRDWER otherwise agree in writing, any paynnents or proceeds from insurance shall not extend or postpone the due date of the payments provzded in said nate, ox change the amount of the paytnents. 6. If BORROWER fails tn perfarm the r,ovenants and agreements herein contained, LENDER may do and pay for whatever is necessary to protect the value af the pmperty and LENDER'� rights in the pxoperty, including the paying of any sum secured by a lien which has priority over this security instnunent, appearing in Court, paying reasanable attarney fees, to the extent allowed by law and enterin� the property to ma.ke repairs. Any aznount disbuised by I,ENDER under this paragraph shall becorne an additional debt of BORR��TER secured by this s�urity instrument, to hear interest &om the date af disburs�ment and said amount, together with the then unpaid pxincipal amount, shall bear interest at the highest lawful rate until refunded by BORROWER, 7. The proceeds of any condemnatiqn award are hereby assigned and shall be paid to LENDER and shall bc applied to the sums seeured by this security instrument, whether or not then due, with any eaccess paid ta BQRRDWER. $. Any extensions or mocl.ifications of the loan granted by LENDER to any successor in interest of BORROWER sl�all not operate to release the liability of the original BORR�WER or BORROWER'S successors in iz,terest. Any farbearance by LENDER in exercising any right or remedy shall not be a waiver or preclude the exercise of any right or remedy.