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<br /> .�:'• require, together with and in addition to the regular monthly �
<br /> � .�`�'-�""'' payments af principal and interest, on the date set forth for the �` f
<br /> making of the payment each month, a sucn as established by the _ L ._ _
<br /> � Lenders equal to the taxes and special assessments next due on . ' E�::rr,
<br /> . ' . the premises, pius the premium that will next become due and .�'.;��_�� .,� ,:;
<br /> , ' .�: ...���.;��`'' payable on insurance policies covering the gremises, divided by `�y5-,� �� _
<br /> - � � the number of months to elapse before one month prior to the date .. ��:;��,;._::.
<br /> � ` � Vihen such taxes, special assessments �nd premium will be due. °_
<br /> . � - . Said sums to be held by the Lenders in trust to pay the t�es, �, �=` ___
<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 ` �' _
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<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. , _
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<br /> �. `r --- . 9. If Borrowers fail to perform the covenants and -� _-___
<br /> � � '`� aqreements herein contained, Lenders may do and pay for whatever - ;�-,._
<br /> � "�,"�`�`%� is necessary to protect �he value of the property and Lenders' _
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<br /> � ..:�__ _ rights in the property, includinq the paying of any sum secured "���TT r
<br /> ' by a lien which has priority over this security instrument, °'�"��-�=�=
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<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 additi.onal debt of Horrowers ��'�'�,� ;
<br /> � ���- _-
<br /> �� . secured by this security instrument, to bear interest from the - ,.:�::��,_�__
<br /> ' date of dishursement and said amount, together with the then �.-;���-
<br /> _ - �--= �;� unpaid principal amount, shall bear interest at the highest _ � ,.:��-
<br /> .. � ' : lawful rate until refunded by Borrowers. - ��';��-=-
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<br /> t„rA tn make an �,�;'.z.r.:y_��---.
<br /> - --- I0. Borrowers covenant and agree that a fai Y _;�;�':w�-.
<br /> '� � � payment, either prin�ipal or interest, on the note secured hereby .:�...� •:._�._,�,_,o
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<br /> . . when due and payable or a failure to comply with any of the y„�� __ ��.-
<br /> � � � � � ,� covenants and agreem.ents herein made shall cause the hole sum of �.it���`;;�,;,;;;`._ �
<br /> � � 1 money hereby secured to become immediately due and collectible at �+- __
<br /> . . �.��';s ;--
<br /> �. l the option of the Lenders, and Lenders shall have the right to , : ����__
<br /> � � .,:i_ aause notice of default to be given and the premises to be sold _.�
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<br /> r, . � ':_.i��. as provided herein. ' �. �=��
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<br /> 11. The proceeds of any condemnation award are hereby ""�'�"= ---
<br /> �t �� assigned and shall be paid to Lenders and shall be applied to the �
<br /> - . � � sums secured by this security instrument, whether or not then _':"�;y:x_':
<br /> � due, with any excess paid to Horrowers. '
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<br /> ' �, ,��� 12. Any extensions or modffications of 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 /> V= ��`� • °; exercising any right or remedy shall not be a waiver of or � .: .� '
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