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201401199
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Last modified
7/20/2017 10:24:38 AM
Creation date
3/3/2014 1:04:10 PM
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DEEDS
Inst Number
201401199
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��14�1199 <br /> 52 <br /> rights af a!� ath�r p�rsons wh� ac�u'rre any rights �n or fiens upon the trust pro�erty <br /> subsequent t� the time th� trust deed was fi�ed. <br /> �b}��} The trustor �r his or h�r suc�essor in t�tf� may limit th� amount af aptional <br /> future ad�ances secured by th� trust deed under subdi�ision ��} �f this secti�n by f�[ing <br /> a notic� far rec�rd in the affice of the register �f �eeds af�ach county in �hich the trust <br /> �rop�rty or some �art ther��f is s'rtuated. A copy of such n�tic� shal! be sent by �ertified <br /> maii to th� �enefEciary at the addr�ss of the �eneficiary set forth in the trust deed. Th� <br /> amount of such s�cured opt�onal future advances shalf be I�mited t� not less than the <br /> amvunt actua�ly ad�anced at th� time of receipt af such natic� by th� b�neficiary. - <br /> ��} If any opti�nal future ad�anc� is mad� by the beneficiary to the trustar or his ar <br /> her suc�essar in title after recei�Eng written nntice of the filing f�r re�or� of any trust <br /> deed, martgage, ��en, or claim against su�h trust property, then the amount of such <br /> opti�nal futur� ad�ance shall be juni�r t� such trust de�d, mortgage, lien, ar claim. The <br /> notic� under this subdivisi�n shall be sent �y certif�e� maii to th� b�nefic�ary at th� <br /> addr�ss of th� beneficiary set forth in the trust deed. <br /> �3} Subdivisions �3} �b}�1) and ��} af this subsection sha�� not fimit or determ�ne the <br /> priority of opt�onal futur� advances as against canstru�ti�n �iens gaverned by sectian <br /> 5�-�39. <br /> �4} Th� reductior� t� zer� or �limination af the obiigati�n �videnced by any nf the <br /> transfers in trust authorized by this sectian shall n�t �nvalidate the �peration �f th�s <br /> sect�on as to any futur� advances unless a notice or release to th� cantrary is filed f�r <br /> r��ord as pro�ided �y law. All right, title, inter�st, and c�aim in and tn th� trust praperty <br /> acquired by th� trustor or his ar her success�rs in �nterest subsequent to the executivn <br /> af the trust d��d shall �nure to the trustee as security for th� abligation ar o�ligations f�r <br /> which th� trust praperty �s can��y�d in like mann�r as if acqu�red befare ex�cuti�n �f <br /> the trust de�d. <br /> 5�. RE��NVEYANCE. Upon payment of the Indebtedn�ss, Len�er shall <br /> r�qu�st Trustee �o rec�n�ey the Mortgaged Property and shall surrend�r this Instrument <br /> and the Nvt� to Trustee. Trust�e shail r���n�ey the Mortgaged Property without <br /> warranty to th� pers�n �r persons lega�ly entitled thereto. Such person or persons shall <br /> pay Trustee's r�as�nabl� costs incurred �n so recan��ying th� Mortgag�d f'raperty. <br /> 5'1. SUBSTITUTE TRUSTEE. Lender, at Lender's aption, may from time to <br /> time remo�� Trust�e and ap�oint a succ�ss�r trustee ta any Truste� appainted und�r <br /> this Instrument by an instrum�nt recorded in the caunty �n which this Instrument �s <br /> recarded. �IVithout con�eyance of�he Mortgaged Prop�rty, the success�r trust�e shall <br /> succ�ed to all the title, pawer and duties conf�rr�d upon th� Trustee h�r��n and by <br /> a�pl�cable �aw. <br /> Pr��ious editions are ohsvlete HUD IUIF Security Enstrument HU�-94�O�M�Rev.�411�} <br />
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