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201210062
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Last modified
8/19/2014 2:21:22 PM
Creation date
12/3/2012 9:08:11 AM
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DEEDS
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201210062
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Fannie Mae Multifamily Security Instrument Form 6025.NE <br />Nebraska 06 -12 <br />Prepared by RoboDocs® <br />201210062 <br />Security Instrument and the Mortgage Loan, or for such other purposes as Lender in its discretion may <br />deem necessary or desirable. <br />(e) Notwithstanding any other right provided Lender under this Security Instrument or any <br />other Loan Document, if an Event of Default has occurred and is continuing, and regardless of the <br />adequacy of Lender's security or Borrower's solvency, and without the necessity of giving prior notice (oral <br />or written) to Borrower, Lender may apply to any court having jurisdiction for the appointment of a receiver <br />for the Mortgaged Property to take any or all of the actions set forth in Section 3. If Lender elects to seek <br />the appointment of a receiver for the Mortgaged Property at any time after an Event of Default has occurred <br />and is continuing, Borrower, by its execution of this Security Instrument, expressly consents to the <br />appointment of such receiver, including the appointment of a receiver ex parte, if permitted by applicable <br />law. Borrower consents to shortened time consideration of a motion to appoint a receiver. Lender or the <br />receiver, as applicable, shall be entitled to receive a reasonable fee for managing the Mortgaged Property <br />and such fee shall become an additional part of the Indebtedness. Immediately upon appointment of a <br />receiver or Lender's entry upon and taking possession and control of the Mortgaged Property, possession <br />of the Mortgaged Property and all documents, records (including records on electronic or magnetic media), <br />accounts, surveys, plans, and specifications relating to the Mortgaged Property, and all security deposits <br />and prepaid Rents, shall be surrendered to Lender or the receiver, as applicable. If Lender or receiver <br />takes possession and control of the Mortgaged Property, Lender or receiver may exclude Borrower and its <br />representatives from the Mortgaged Property. <br />(f) The acceptance by Lender of the assignments of the Leases and Rents pursuant to this <br />Section 3 shall not at any time or in any event obligate Lender to take any action under any Loan Document <br />or to expend any money or to incur any expense. Lender shall not be liable in any way for any injury or <br />damage to person or property sustained by any Person in, on or about the Mortgaged Property. Prior to <br />Lender's actual entry upon and taking possession and control of the Land and Improvements, Lender shall <br />not be: <br />(1) obligated to perform any of the terms, covenants and conditions contained in any <br />Lease (or otherwise have any obligation with respect to any Lease); <br />(2) obligated to appear in or defend any action or proceeding relating to any Lease or <br />the Mortgaged Property; or <br />(3) responsible for the operation, control, care, management or repair of the <br />Mortgaged Property or any portion of the Mortgaged Property. <br />The execution of this Security Instrument shall constitute conclusive evidence that all responsibility for the <br />operation, control, care, management and repair of the Mortgaged Property is and shall be that of <br />Borrower, prior to such actual entry and taking possession and control by Lender of the Land and <br />Improvements. <br />Page 9 <br />© 2012 Fannie Mae <br />
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