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201402159
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201402159
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Last modified
7/20/2017 10:52:31 AM
Creation date
4/14/2014 1:56:07 PM
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DEEDS
Inst Number
201402159
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��14��159 <br /> advan�e �o Lender, or any receiver app��nted to co��ect the Rents, the fair and reas�na�le r�ntal <br /> va�ue for the use and accupat�on of such part of the Praperty as may be occupied�y Ind�vidual <br /> Ba�rower unl�ss IVlaster Tenant makes payment af all su�h rent due and c�wing under the Master <br /> i�ease far su�h m�nth; t��}requ�re Indi�idual Borrovv�r to�acate and surrender poss�ssian of the <br /> Property to Lender or to �u�h recei�er and, �n default thereof, Ind�vidual Barrower may b� <br /> evict�d by sum�nary pmceedings or otherwise and (v�i] apply the receipts from the Property�to <br /> the payment nf the Debt,in such order,priarity and prap�rtions as Lend�r shal�deem appro�riate <br /> in its� soie d�scret�on. af�er deducting therefram a�� reasonabl� and documented expenses � � <br /> ��ncluding reasonable and do�uxn�nted att�rneys' fees)incurred in con.nection with the aforesaid <br /> operat�ons and aIl amounts n�cessary to pay the Ta.a��s, �ther �harges, Insuran�e Premiuxn ar�d <br /> �ther reasar�ab�e and documented expens�s in caru��ct�an w�t�h the Prope�ty; . <br /> �i� exercis�an}�and all rights an.c�ren�edies provid�d f�r in Section 1.3 abo��; <br /> �j} apply any sums ther� depo sited or he�d in �scrvw or other�ise by or ar� <br /> beha�f�f Lend�r in a�cardance with the t�rms of th� L�a�a Agre�ment, t1�.is Security Instrument <br /> �r any ather Laar� Document ta t�e paym�nt of the fol�owing items in ar�y �rder in its sole <br /> discretion: <br /> (i} Taxes and �ther�harg�s; <br /> �ii} Insura,nce Premiums; <br /> ��ii� Interest on the�unpaid princ�pal balance of th���te; <br /> �i�� Amortization of the unpaid princ�pal ba�ance of the Note; <br /> ar <br /> �v� A�1 flther sums payab�e pursuar�t t� the N�t�, th� Loan <br /> Agr�ment, this Securifiy Instrument and the ather Loan Da�uments, <br /> inclu�iing, wit�iout �im�tati�n, advances made by Lender pursuant to the <br /> terms of this S�cur��y Instrument; <br /> �'k� pursue such�ther remedies as Lender may have un��r app�icab�e law; �r <br /> [�} apply the ur�disbursed balance of any Net Procee.�s De�ici�ncy depasit, <br /> together v�ith interest t�iereon, to the payment�f the I�eht in such order,priority and praportions <br /> as Lend�r sha11 deem to be appropriat��n its sole and absolute discretion. <br /> In t�e event af a sale,by f�reclosure,power of sale or oth�w�se in accordanc�with this Sectian . <br /> 7.1, of�es� than a�l�f the Proper�y, xhis s ecurity�nst,rum�t sha�i continu� as a�i�ar�d security <br /> interest on the rernaining por�ion of the Frap�rty unimpa�red ar�d without Ioss of priority. . <br /> Sectian 7.2 Ap�lication of Pr�c�eds. �Jpo� the a�cur�rence and durin� the <br /> ° cantinua.�ce of an Ev�t of Default, the purchase mane}r, pr�ce�ds and a�ails of any dispos�tian <br /> of the Property, �r any par�thereaf, in accordance with S��tion 7.1, ar any other sums collected <br /> �o���s i.o4rr�csxo�a-�sw � <br />
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