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201400400
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Last modified
8/19/2014 2:25:24 PM
Creation date
1/23/2014 3:16:30 PM
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DEEDS
Inst Number
201400400
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- 70 - <br />2014004 <br />the Mortgaged Property or the ownership thereof, then, unless a contrary intent is <br />manifested by Lender as evidenced by an appropriate document duly recorded, this Security <br />Instrument and the lien hereof shall not merge in such other or additional interests in or to <br />the Mortgaged Property, toward the end that this Security Instrument may be foreclosed as <br />if owned by a stranger to said other or additional interests. <br />59. Rights With Respect to Junior Encumbrances. In case of any junior encumbrance whether <br />prohibited or not by the Security Instrument, any person or entity purporting to have or to <br />take a junior mortgage or other lien upon the Mortgaged Property or any interest therein <br />shall, to the extent permitted by applicable law, be subject to the rights of Lender to amend, <br />modify, increase, vary, alter or supplement this Security Instrument, the Note or any of the <br />other Loan Documents, and to extend the maturity date of the indebtedness secured hereby, <br />and to increase the amount of such indebtedness, and to waive or forebear the exercise of <br />any of its rights and remedies hereunder or under any of the other Loan Documents and to <br />release any collateral or security for such indebtedness, in each and every case without <br />obtaining the consent of the holder of such junior lien and without the lien or security <br />interest of this Security Instrument losing its priority over the rights of any such junior lien. <br />60. Fixture Filing. This Security Instrument shall be effective from the date of its recording as <br />a financing statement filed as a fixture filing with respect to all goods constituting part of the <br />Mortgaged Property which are or are to become fixtures and are owned by Borrower. This <br />Security Instrument shall also be effective as a financing statement covering minerals or the <br />Iike (including oil and gas) and is to be filed for record in the real estate records of the <br />county where the Premises is situated. The mailing address of Borrower and the address of <br />Lender from which information conceming the security interests may be obtained are set <br />forth above and on Schedule A, as applicable. <br />61. After - Acquired Mortgaged Property. All property acquired by Borrower after the date of <br />this Security Instrument which by the terms of this Security Instrument shall be subject to <br />the lien and the security interest created hereby, shall immediately upon the acquisition <br />thereof by Borrower and without further mortgage, conveyance or assignment become <br />subject to the lien and security interest created by this Security Instrument. Nevertheless, <br />Borrower shall execute, acknowledge, deliver and record or file, as appropriate, all and <br />every such further mortgages, security agreements, financing statements, assignments and <br />assurances as Lender shall require for accomplishing the purposes of this Security <br />Instrument. In the case of Mortgaged Property located in Texas or California, the provisions <br />of this paragraph 61 shall apply only to after- acquired property relating to the property <br />described on Exhibit A hereto. <br />62. No Representation. By accepting delivery of any item required to be observed, performed <br />or fulfilled or to be given to Lender pursuant to this Security Instrument and the other Loan <br />Documents, including, but not limited to, any officer's certificate, balance sheet, statement <br />of profit and loss or other financial statement, survey, appraisal or insurance policy, Lender <br />shall not be deemed to have warranted, consented to, or affirmed the sufficiency, legality, <br />effectiveness or legal effect of the same, or of any term, provision or condition thereof, and <br />such acceptance of delivery thereof shall not be or constitute any warranty, consent or <br />affirmation with respect thereto by Lender. <br />
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