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201204725
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Last modified
6/13/2012 3:07:47 PM
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6/13/2012 3:07:47 PM
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DEEDS
Inst Number
201204725
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201204725 <br />The Revocabie Trust Trustee(s) warrants to Lender that (i) the Revocable Trust is <br />validly created under the laws of the State of ; <br />(ii) the trust instrument creating the Revocable Trust is in full force and effect and there are <br />no amendments or other modifications to the trust instrument affecting the revocability of the <br />Revocable Trusfi; (iii) the Property is located in the State of ; <br />(iv) the Revocable Trust Trustee(s) have full power and authority as trustee(s) under the trust <br />instrument creating the Revocable Trust and under applicable law to execute the Security <br />Instrument, including this Rider; (v) the Revocable Trust Trustee{s) have executed the <br />Security Instrument, including this Rider, on behalf of the Revocable Trust; (vi) the Revocable <br />Trust Settlor(s) have executed the Security Instrument, including this Rider, acknowledging aIl <br />of tha terms and conditions contained therein and agreeing to be bound thereby; (vii) only the <br />Revocable Trust Settlor(s) and the Revocable Trust Trustee(s) may hold any power of <br />direction over the Revocable Trust; (viii) only the Revocable Trust Settlor(s) hold the power <br />to direct the Trustee(s) in the management of the Property; (ix) only the Revocable Trust <br />Settlor(sj hold the power of revocation over the Revocable Trust; and (x} the Revocable Trust <br />Trustee(s) have not been notified of the existence or assertion of any lien, encumbrance or <br />claim against any beneficial interest in, or transfer of all or any portion of any beneficial <br />interest in or powers of direction over the Revocable Trust Trustee(s) or the Revocable Trust, <br />as the case may be, or power of revocation over the Revocable Trust. <br />2. NOTICE OF CHANGES TO REVOCABLE TRUST AND TRANSFER OF POWERS <br />OVER REVOCABLE TRUST TRUSTEE(S) OR REVOCABLE TRUST OR BOTH; NOTICE OF <br />CHANGE OF REVOCABLE TRUST TRUSTEE(S); NOTICE OF CHANGE OF OCCUPANCY OF <br />THE PROPERTY; NOTICE OF TRANSFER OF BENEFICIAL INTEREST !N REVOCABLE TRUST. <br />The Revocable Trust Trustee(s) shall provide timely notice to Lender promptly <br />upon notice or knowledge of any revocation or termination of the Revocabls Trust, or of any <br />change in the holders of the powers of direction over the Revocable Trust Trustee(s) or the <br />Revocable Trust, as the case may be, or of any chang� in the holders of the power af <br />revocation over the Revocable Trust, or both, or of any change In the trustee(s) of the <br />Revocable Trust (whether such change is temporary or permanent), or of any change in the <br />occupancy of the Property, or of any sale, transfer, assignment or other dispasition (whether <br />by operation of law or otherwise) of any beneficial interest in the Revocable Trust. <br />B. ADDITIONAL BORROWER(S). <br />The term "Borrower" when used in the Security Instrument shall refer to the <br />Revocable Trust, the Ravocable Trust Trustee(s) and the Revocable Trust Settior(s), jointly <br />and severally. Each party signing this Rider below (whether by accepting and agreeing to the <br />terms and covenants contained herein or by acknowledging all of the terms and covenants <br />contained herein and agreeing to be bound thereby, or both) covenants and agrees that, <br />whether or not such party (s named as "Borrower" on the first page of the Seeurity <br />Instrument, each covenant and agreement and undertaking of "Borrower" in the Security <br />Instrument shall be such party's covenant and agreement and undertaking as "Borrower" and <br />shaf( be enforceable by Lender as if such party were named as "Borrower" in the Security <br />Instrument. <br />1nitEals; <br />� 372R (0608) Page 2 of 3 <br />
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