|
- ��14��159
<br /> ARTICL�5-FURTHER ASS C�S
<br /> Secti�n S.1 Re�ordui� �f SecuritY Ins�rumen� etc. Individua� ��rt�wer
<br /> .,,_._.�.._ -
<br /> fo�thwi#h upan the execut�on and d�iiver� of thi s Security Instrumer�t will cause tnis S e�urity
<br /> Instru�men� �a be �iled, regi stered flr recard� �n such manner and �� such p�ac�s as may be
<br /> required by any present or future�aw ir�order to publish riotice of and ful�y to pra#ect and perfect
<br /> th� Lien or s�curity intetes� hereof upor�, and the interest of Lender u�, the Property. Subj ect to
<br /> the t�s of�he..Loan.A�r�rn.ent, Individua� Borrovver w�ll pay al�,.tran�fer, dacumentary stamp,
<br /> intangib�e personal pr�perty, mortgage re.�ording�r sim�lar taxes, fil�n�,registration or recording
<br /> fees, and all expenses incident to the p�eparat�on, �xecution, acknawledgrnent andlor r�rding
<br /> of this 5ecur�ty Ir�strum�nt, any deed .�f trust or m�rtgage supplemental h�reto, any security
<br /> inst�-urnent w�th respect to the Proper�y and any instru.ment of fur�her assurance, and any
<br /> madification�r amendmen�of the foregoin�documents. .
<br /> Sectian 5.2 Furtber_A�ts,� Individual B�r�rov�er will, at the c�st of�
<br /> Individuai Borrower, and withau� �xpens� to Lender, do, ex�cute, acknowledge and de�iver a�� �
<br /> fiirther ac�s, d�eds, con�e�ran�es, d�eds af trust, mortgage�, assignm�nts, notices of assignments,
<br /> transfers and assurances as Lender shall, from time to time, r�asanably require, fflr the bett�r
<br /> assu�ring, con�eyir�g, ass�gning, transferring, and confirrning unto I�nder�he property and rights
<br /> hereby mortgaged, de�ed, grante�, bargained, so�d, �an�eyed, eox�firmed, pledg�d, assign�d,
<br /> warranted and transferred or intended nnw �r hereaf�er so to be, or whi�h Indi�idual Bortower �
<br /> may be or may hereafter become bound to �onvey or assign to Lender, ar for ' g �ut the
<br /> provis�ans, or facilita�in�the perfonmance, �f the terms of th�s Security Instrum�nt �r for f�lin�,
<br /> regist�r�ng �r recording this Seeu,r�ty Instrument, �ncluding as may be required by any �ega�
<br /> requirer�ent. I� the e�ent Individual B�rr�wer sha11 fa�� to sn execute and d��iv�r an}� such �
<br /> document, Indi��dua1 B�rrovver hereb� authorizes Lender ta execute in the name of Ind�vxdual
<br /> Borrower, �r with�ut the signature of Indivi�dua� �orrov�er t� the ext�nt Lend�r may la�vfuily do
<br /> so, any such docume�nt to ev�dence more effectiveiy the security �nt�r�st �f Lender ir� t�e
<br /> Property. Individua.� Borr�wer grants to Lender an irrevocabl� p�wer of att�rn�y coup�ed w7ith
<br /> an interest far the purpos�of exercising and perf�cting ar�y and all righ#s and remedies avai�a��e
<br /> to Lender at �aw and xn equity, includi.r�g, withou# Iirnitation, such rights and remedies available:
<br /> to Lender pursuant ta t�us Section 5.�. �
<br /> Se�ti�n 5.3 �hanges in Tax� Debt� �r�dit an� Dacumentar_y Stamp Laws.
<br /> �a} If any lavv is enacted ar adopted or amended af�er the date of th�s Se�urity Instrument which r
<br /> de�iu�ts the Debt from the value of the Property for the purpose of taxa�ion or which impnses a
<br /> tax, ,either directly or indire.�tly, on the �3�bt or Lender's interest in the Proper�y, Indiv�dual
<br /> Borro�ver wil� pay the tax, with interest and penalti�s there�n, if any. If Lender is advised by
<br /> counse� cho ser� by it that the payrnent of ta.x by Indivi dual. B�rrow�r would be u,nlawfu� or
<br /> taxab�e ta Lender or u�enf�rc�able�r provid� the basis f�r a defense of usuary th�n Lender sha�l -
<br /> ha�e the opt�on by writt�n notice af not less thar� one hundred twenty �12�� days ta declare �ie �
<br /> Debt irrunediate�y due and payable. �
<br /> [b} Ind�vidua� Bor�owe�r w�11 �ot c�aim or demar�d �r be entit�ed to any er�it �
<br /> or credits an account of the Debt for any part of the Taxes ar�her�harges assessed against#he
<br /> l 0731 S 1.04-1VYC5R�3A-M5W �
<br />
|