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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 /> 14 <br /> sale may, at Lender's or such purchaser's option, accept or terminate <br /> such Lease. <br /> (g) Borrower shall not receive or accept Rent under any Lease (whether <br /> residential or non-residential) for more than two months in advance. <br /> 5. PAYMENT OF INDEBTEDNESS; PERFORMANCE UNDER LOAN <br /> DOCUMENTS; PREPAYMENT PREMIUM. Borrower shall pay the Indebtedness when <br /> due in accordance with the terms of the Note and this Security Instrument and shall <br /> perform, observe and comply with all other provisions of the Note and this Security <br /> Instrument. Borrower shall pay a prepayment premium in connection with certain <br /> prepayments of the Indebtedness, including a payment made after Lender's exercise of <br /> any right of acceleration of the Indebtedness, as provided in the Note. <br /> 6. EXCULPATION. Except for personal liability expressly provided for in <br /> this Security Instrument or in the Note or in the Regulatory Agreement, the execution of <br /> the Note shall impose no personal liability upon Borrower and Great Plains Platte <br /> Valley Apartments, Inc. for payment of the Indebtedness evidenced thereby and in the <br /> Event of Default, the holder of the Note shall look solely to the Mortgaged Property in <br /> satisfaction of the Indebtedness and will not seek or obtain any deficiency or personal <br /> judgment against Borrower and Great Plains Platte Valley Apartments, Inc. except <br /> such judgment or decree as may be necessary to foreclose or bar its interest in the <br /> Mortgaged Property and all other property mortgaged, pledged, conveyed or assigned <br /> to secure payment of the Indebtedness; provided, that nothing in this Section 6 of this <br /> Security Instrument and no action so taken shall operate to impair any obligation of <br /> Borrower under the Regulatory Agreement. <br /> 7. DEPOSITS FOR TAXES, INSURANCE AND OTHER CHARGES. <br /> (a) Borrower shall pay to and deposit with Lender, together with and in <br /> addition to the monthly payments of interest or of principal and interest payable under <br /> the terms of the Note on the first day of each month after the commencement of <br /> amortization under the Note, and continuing until the debt secured hereby is paid in full, <br /> the following sums: <br /> (1) an amount sufficient to provide Lender with funds to pay the next <br /> mortgage insurance premium if this Security Instrument and the Note are <br /> insured by HUD, or a monthly service charge, if they are held by HUD, as <br /> follows: <br /> (i) If and so long as the Note is insured under the provisions <br /> of the National Housing Act, as amended, an amount sufficient to <br />
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