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201303289
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201303289
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Last modified
12/31/2013 2:59:17 PM
Creation date
4/29/2013 12:27:37 PM
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DEEDS
Inst Number
201303289
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201303289 <br /> 13 <br /> Property is and shall be that of Borrower, prior to such actual entry and taking of <br /> possession. <br /> (d) Upon delivery of Notice by Lender to Borrower of Lender's exercise of <br /> Lender's rights under this Section 4 at any time after the occurrence of an Event of <br /> Default, and without the necessity of Lender entering upon and taking and maintaining <br /> control of the Mortgaged Property directly, by a receiver, or by any other manner or <br /> proceeding permitted by the laws of the Property Jurisdiction, Lender immediately shall <br /> have all rights, powers and authority granted to Borrower under any Lease, including <br /> the right, power and authority to modify the terms of any such Lease, or extend or <br /> terminate any such Lease. <br /> (e) Borrower shall, promptly upon Lender's request, deliver to Lender an <br /> executed copy of each residential Lease then in effect. All Leases for residential <br /> dwelling units shall be acceptable to Lender and shall comply with Program Obligations. <br /> (f) Borrower shall not lease any portion of the Mortgaged Property for non- <br /> residential use (which includes any Lease of the Mortgaged Property for <br /> telecommunications uses) except with the prior written consent of Lender, and Lender's <br /> prior written approval of the Lease agreement. Borrower shall not modify the terms of, <br /> or extend or terminate, any Lease for non-residential use (including any Lease in <br /> existence on the date of this Security Instrument) without the prior written consent of <br /> Lender. Borrower shall, without request by Lender, deliver an executed copy of each <br /> non-residential Lease to Lender promptly after such Lease is signed. <br /> (1) All non-residential Leases, including renewals or extensions of existing <br /> Leases, shall specifically provide that (i) such Leases are subordinate to <br /> the lien of this Security Instrument and (ii) the tenant shall, upon receipt <br /> after the occurrence of an Event of Default of a written request from <br /> Lender, pay all Rents payable under the Lease to Lender; and <br /> (2) All non-residential Leases, including renewals or extensions of existing <br /> Leases but excepting Leases of the entire Project, also shall provide <br /> that (i) the tenant shall attorn to Lender and any purchaser a{{trra y. <br /> IVICI.IVJUIC JAIL, Jud QI.l.V111111C111. l.V IJC JCII-CAC1..ul.11ly dll,.l CIICIJIIVfi <br /> upon acquisition of title to the Mortgaged Property by any purchaser at a <br /> foreclosure sale or by Lender in any manner; (ii) the tenant agrees to <br /> execute such further evidences of attornment as Lender or any <br /> purchaser at a foreclosure sale may from time to time request; (iii) the <br /> Lease shall not be terminated by foreclosure or any other transfer of the <br /> Mortgaged Property; and (iv) after a foreclosure sale of the Mortgaged <br /> Property or after transfer of the Mortgaged Property to Lender by a <br /> deed-in-lieu of foreclosure, Lender or any purchaser at such foreclosure <br />
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