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202500752
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Last modified
2/12/2025 2:22:40 PM
Creation date
2/12/2025 2:22:39 PM
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DEEDS
Inst Number
202500752
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202500"52 <br />4. OTHER LIENS. In no event shall Borrower cause or agree to cause to <br />attach to the Property any lien or encumbrance which has or may attain priority over <br />this security instrument. In the event such lien arises, or in the event that Lender <br />learns of the imminent existence of such line, Lender may give Borrower a notice <br />identifying the lien, and Borrower shall satisfy the lien within sixty (60) days. In the <br />event that the Borrower does not satisfy, release, or cause said lien to be satisfied or <br />released, the Lender may, at its sole discretion, take any of the following actions: <br />(a) Satisfy the lien itself, at which point the Lender may demand repayment <br />by Borrower of any funds paid by Lender towards the satisfaction of such <br />lien, with an interest rate of zero percent (0%) per annum until repayment <br />is completed; <br />(b) Demand immediate payment, satisfaction, and release of the lien by <br />Borrower within sixty (60) days. In the event Borrower fails or refuses to <br />comply or cause said lien to be released within sixty (60) days, Lender may <br />at its own discretion, satisfy the lien itself or declare the Borrower in default <br />of this Deed of Trust; <br />(c) Take no action. <br />This covenant shall run with the property and shall remain in effect until the <br />obligations secured by this Deed of Trust have been paid in full and the Deed of Trust <br />is released. <br />5. INSURANCE. Borrower shall keep the improvements on the Property <br />insured against loss by fire and hazards, including within the term "extended <br />coverage" for their insurable value and polices for the same shall include a standard <br />mortgage clause showing Lender herein as an additional insured. In the event of loss, <br />Lender may make proof of loss if not promptly made by Borrower. Insurance proceeds <br />shall be applied to restoration or repair of the property damaged, unless Lender and <br />Borrower otherwise agree, except if restoration or repair is not economically feasible <br />or Lender's security is not lessened, otherwise said proceeds shall be paid on the debt <br />herein, whether or not then due. Unless otherwise agreed in writing by the Borrower <br />and Lender, any payments or proceeds from insurance shall not extend or postpone <br />the due date of the monthly payments provided in the above -mentioned note, or <br />change the amount of the payments. <br />6. LENDER PROTECTIONS/ADVANCES. If Borrower fails to perform the <br />covenants and agreements herein contained, Lender may do and pay for whatever <br />Lender deems necessary or prudent to protect the value of the property and Lender's <br />rights in the property, including the payment of any sum secured by a lien which has <br />priority of this security instrument, appearing in Court, paying reasonable attorney <br />Page 3 of 8 <br />
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