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� 99 110670 <br /> 8 . Borrowers shall pay to the Lenders, if Lenders so <br /> require, together with and in addition to the regular monthly <br /> payments of principal and interest, on the date set forth for the <br /> making of the payment each month, a sum as established by the <br /> Lenders equal to the taxes and special assessments next due on <br /> the premises, plus the premium that will next become due and <br /> payable on insurance policies covering the premises, divided by <br /> the number of months to elapse before one month prior to the date <br /> when such taxes, special assessments and premium will be due . <br /> Said sums to be held by the Lenders in trust to pay the taxes, <br /> special assessments and insurance premiums . Any deficiency in <br /> the amount of any aggregate monthly payment (principal, interest, <br /> taxes, special assessments and insurance premium) shall <br /> constitute a default . The arrangements provided for in this <br /> subparagraph are for the added protection of the Lenders, and <br /> entail no responsibility on the part of the Lenders or Trustee. <br /> 9. If Borrowers fail to perform the covenants and <br /> agreements herein contained, Lenders may do and pay for whatever <br /> is necessary to protect the value of the property and Lenders' <br /> rights in the property, including the paying of any sum secured <br /> by a lien which has priority over this security instrument, <br /> appearing in court, paying reasonable attorney fees and entering <br /> the property to make repairs . Any amount disbursed by Lenders <br /> under this paragraph shall become an additional debt of Borrowers <br /> secured by this security instrument, to bear interest from the <br /> date of disbursement and said amount, �ogether with the then <br /> unpaid principal amount, shall bear interest at the highest <br /> lawful rate until refunded by Borrowers . <br /> 10 . Borrowers covenant and agree 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 sald <br /> as provided herein. <br /> 11 . The proceeds of any condemnation award are hereby <br /> assigned and 5hall be paid to Lenders and shall be applied to the <br /> sums secured by this security instrument, whether or nat then <br /> due, with any excess paid to Borrowers. <br /> 12 . Any extensions or modifications af the loan granted by <br /> Lenders to any successor in interest of Borrowers shall not <br /> operate to release the liability of the original Borrowers or <br /> Borrowers' successors in interest . Any forbearance by Lenders in <br /> 3 <br />