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3 20140671C 8. BORROWER shall pay to the LENDERS, if LENDERS so require, together with and in addition to the regular monthly payments of principal and interest, on the date set forth for the making of the payment each month, a sum as established by the LENDERS equal to the taxes and special assessments next due on the premises, plus the premium that will next become due and payable on insurance policies covering the premises, divided by the number of months to elapse before one month prior to the date when such taxes, special assessments and premium will be due. Said sums to be held by the LENDERS in trust to pay the taxes, special assessments and insurance premiums. Any deficiency in the amount of any aggregate monthly payment (principal, interest, taxes, special assessments and insurance premium) shall constitute a default. The arrangements provided for in this subparagraph are for the added protection of the LENDERS, and entail no responsibility on the part of the LENDERS or TRUSTEE. 9. If BORROWER fails to perform the covenants and agreements herein contained, LENDERS may do and pay for whatever is necessary to protect the value of the property and LENDERS' rights in the property, including the paying of any sum secured by a lien which has priority over this security instrument, appearing in Court, paying reasonable attorney fees and entering the property to make repairs. Any amount disbursed by LENDERS under this paragraph shall become an additional debt of BORROWER secured by this security instrument, to bear interest from the date of disbursement and said amount, together with the then unpaid principal amount, shall bear interest at the highest lawful rate until refunded by BORROWER. 10. BORROWER covenants and agrees that a failure to make any payment, either principal or interest, on the note secured hereby when due and payable or a failure to comply with any of the covenants and agreements herein made shall cause the whole sum of money hereby secured to become immediately due and collectible at the option of the LENDERS, and LENDERS shall have the right to cause notice of default to be given and the premises to be sold as provided herein.