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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 /> tim�s and upon reas�na��e notice, Lender, its �g�nts, ar�ountants and attomeys sha�l ha�e �he <br /> right to examine and au�it the books and recards of �ndividua� ��rrawer pertaining to the <br /> �ncorn�, expens�s and operatian af�he Property during reas�nable business haurs at any office of <br /> Indi�idua� Borrawer where the books and r�cards are Iocated. This Se�tivn 7.� sha�� app�y <br /> throughaut the terr�of the Note and without regard to whether an E�ent of Default has occunred <br /> ar is cari��nuing; pro�ided, howe�er, that B�rrower shal� ha�e no o���gat�on ta pay any f�es or <br /> exp�nses incurred by Len�er on accour�t of the exer��se of its rights under this Sectian 7.6 more <br /> - than on�time in any yea,r so long as no E��nt af Defau�t has�ccurred a,rid�is continuing. � <br /> Sec�ion 7.7 �th�r Ri�hts, etc. �a� The failure of Lender to insist upon striGt <br /> perfarmance �f any term h�r�of sha�� n�t be deemed to be a waiver�f any terrrl of th�.s Secur�ty <br /> Instrument. Ind�.vidua� Borrower shall nat be re��eved of Individua� Borrower's ob�i�at�ons <br /> h�reunder by reason of [i� the failure af Lender to comply with any request of Ir�idi�dual <br /> Borrower or any�,uarantar or�demnitor with respect t�the Loan ta#al�e any acti�n ta forec�ase <br /> this Security Instrument ar atherwise �forc� a�y of the provisions hereaf ar of the Note or the <br /> other Laan Documents, [��} �he re�ease, r�gardl�ss of consideration, of the whole or any pat-� of <br /> the Praperty, except with respect ta that portion af the Property so re�eased, or �f any pers�n� <br /> liable for the Debt ar any portion thereof(other thar�►Ir�dividual Borrower} or�iii� except for any <br /> agreement ar st�pulation ta whi�h .Indi�idua� Barr�wer is a paxty or otherwase executed by <br /> Len�er in favor of Indi�idual B�rrawer, any agreement or stipu�at�an by Lender e�tending the <br /> time of payment ar �therwise madify�.ng ar suppl�m�nting the terms of the��Nate, this Security.�.� <br /> Ir�st�ur��nt or the other Laa�n Documents. . . <br /> �b} It is agreed�that the nisk vf loss or damage t�the Prope�ty is an Indi�vidual <br /> �3orra�ver, a�d Ler�der sha1�hav�rio liability:whats�ever for decline in value of the Property, for <br /> failure to maintain the Palicies, ar fur failu�re ta �etermir�e whether the �nsurance in forc� is y <br /> adequate as to th� amaunt af r�sks insured. Passess�on�by Lender sha1� n�t be d�emed an , <br /> e��ctian �f judic�al relief if any such possessian is r�quested �r abtained �vith respe�t to any <br /> Froperty or collatera�not in Lender's possession. � <br /> _ �c} Lender nzay resort for the payment af the Debt t� any other seci�ri�y hetd � <br /> by Lender in such order ar�d manner as Lender, in its �iscretion,�may eleGt. Lender may takel � � <br /> actian ta recaver the Debt, or any portion there�f, or to.enforc,e any ca��nant h�reof withaut� ;, <br /> prejudice t� the right-of Lender�thereaf�er ta foreclose this Security Instrum�nt. The rights af <br /> Lender under this Security Iristrurnent sha�l �e s�parate, distinct and cum�lative ar�d none sha��� <br /> be given effect to the exc�usion of the athe�rs. N��act of Lender shal�be construed as an ele�tion , <br /> to_pro�eed under ar�y o�.e�rovision herein to the exc�usion of any other prvvisi�n. I.ender sha11 <br /> n�t be �imi�ed exclusively ta the rights and remedies herein state�b�t sha�I be entitled to every . <br /> right and reme�iy n�w or hereaf�er affor�ied at law or in�quity, <br /> Section 7.S Ri t to Releas� An �Portion� of the Pro e . L�nder may �. � <br /> r��eas� any por���n of�he Property far such �onsid�ration as Lender may requ�re withou�, as to . _ <br /> tt�e re�mainder af the Property, �n any way impauing or affe�tit�g the ��en or priority of this <br /> 5ecurity Itlstrumen�;ar improving the position of any subordinate�ienhalder with�respect thereto, . <br /> except ta th� extent t�iat the abligatians hereunder sha�� have been r�du�ecl by�the actual� � <br /> � <br /> �073�5�.44-NYCSR�3A-MSW <br /> . � <br /> . <br />
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