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RE -RECORDED 20250091 4 202500818 <br />the lien and BORROWER shall satisfy the lien within ten (10) days. <br />5. BORROWER shall retain possession of the premises at all <br />times, except as may be otherwise agreed by the parties in writing. <br />6. BORROWER shall maintain the buildings and improvements and <br />all personal property sold under the parties' installment sale <br />contract, in good condition and repair. <br />7. BORROWER 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 the <br />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 BORROWER. Insurance proceeds shall be applied <br />to restoration or repair of the property damaged, unless both <br />parties otherwise agree, except if restoration or repair is not <br />economically feasible or LENDERS' security is not lessened, <br />otherwise, said proceeds shall be paid on the debt herein, whether <br />or not then due. <br />Unless LENDERS and BORROWER 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 />8. BORROWER shall pay to the LENDERS, if LENDERS so require, <br />together with and in addition to the regular monthly payments of <br />principal and interest, on the date set forth for the making of the <br />payment each month, a sum as established by the LENDERS equal to <br />the taxes and special assessments next due on the premises, plus <br />the premium that will next become due and payable on insurance <br />policies covering the premises, divided by the number of months to <br />elapse before one month prior to the date when such taxes, special <br />assessments and premium will be due. Said sums to be held by the <br />LENDERS in trust to pay the taxes, special assessments and <br />insurance premiums. Any deficiency in the amount of any aggregate <br />monthly payment (principal, interest, taxes, special assessments <br />and insurance premium) shall constitute a default. The <br />arrangements provided for in this subparagraph are for the added <br />protection of the LENDERS, and entail no responsibility on the part <br />of the LENDERS or TRUSTEE. <br />9. If BORROWER fails to perform the covenants and agreements <br />herein contained, LENDERS may do and pay for whatever is necessary <br />to protect the value of the property and LENDERS' rights in the <br />property, including the paying of any sum secured by a lien which <br />has priority over this security instrument, appearing in Court, <br />paying reasonable attorney fees and entering the property to make <br />repairs. Any amount disbursed by LENDERS under this paragraph <br />shall become an additional debt of BORROWER secured by this <br />security instrument, to bear interest from the date of disbursement <br />and said amount, together with the then unpaid principal amount, <br />shall bear interest at the highest lawful rate until refunded by <br />BORROWER. <br />10. BORROWER covenants and agrees that a failure to make any <br />payment, either principal or interest, on the note secured hereby <br />when due and payable or a failure to comply with any of the <br />covenants and agreements herein made shall cause the whole sum of <br />money hereby secured to become immediately due and collectible at <br />the option of the LENDERS, and LENDERS shall have the right to <br />cause notice of default to be given and the premises to be sold as <br />provided herein. <br />2 <br />