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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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201210062 <br />(g) Lender shall be liable to account only to Borrower and only for Rents actually received by <br />Lender. Lender shall not be liable to Borrower, anyone claiming under or through Borrower or anyone <br />having an interest in the Mortgaged Property by reason of any act or omission of Lender under this <br />Section 3, and Borrower hereby releases and discharges Lender from any such liability to the fullest extent <br />permitted by law, provided that Lender shall not be released from liability that occurs as a result of Lender's <br />gross negligence or willful misconduct as determined by a court of competent jurisdiction pursuant to a <br />final, non - appealable court order. If the Rents are not sufficient to meet the costs of taking control of and <br />managing the Mortgaged Property and collecting the Rents, any funds expended by Lender for such <br />purposes shall be added to, and become a part of, the principal balance of the Indebtedness, be <br />immediately due and payable, and bear interest at the Default Rate from the date of disbursement until fully <br />paid. Any entering upon and taking control of the Mortgaged Property by Lender or the receiver, and any <br />application of Rents as provided in this Security Instrument, shall not cure or waive any Event of Default or <br />invalidate any other right or remedy of Lender under applicable law or provided for in this Security <br />Instrument or any Loan Document. <br />4. Protection of Lender's Security. <br />If Borrower fails to perform any of its obligations under this Security Instrument or any other Loan <br />Document, or any action or proceeding is commenced that purports to affect the Mortgaged Property, <br />Lender's security, rights or interests under this Security Instrument or any Loan Document (including <br />eminent domain, insolvency, code enforcement, civil or criminal forfeiture, enforcement of Environmental <br />Laws, fraudulent conveyance or reorganizations or proceedings involving a debtor or decedent), Lender <br />may, at its option, make such appearances, disburse or pay such sums and take such actions, whether <br />before or after an Event of Default or whether directly or to any receiver for the Mortgaged Property, as <br />Lender reasonably deems necessary to perform such obligations of Borrower and to protect the Mortgaged <br />Property or Lender's security, rights or interests in the Mortgaged Property or the Mortgage Loan, including: <br />(a) paying fees and out -of- pocket expenses of attorneys, accountants, inspectors and <br />consultants; <br />pay. <br />(b) entering upon the Mortgaged Property to make repairs or secure the Mortgaged Property; <br />(c) obtaining (or force - placing) the insurance required by the Loan Documents; and <br />(d) paying any amounts required under any of the Loan Documents that Borrower has failed to <br />Any amounts so disbursed or paid by Lender shall be added to, and become part of, the principal balance <br />of the Indebtedness, be immediately due and payable and bear interest at the Default Rate from the date of <br />disbursement until fully paid. The provisions of this Section 4 shall not be deemed to obligate or require <br />Lender to incur any expense or take any action. <br />Fannie Mae Multifamily Security Instrument Form 6025.NE <br />Nebraska 06 -12 <br />Prepared by RoboDocs® <br />Page 10 <br />© 2012 Fannie Mae <br />
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