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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 /> inabi��ty to act af Trustee, or in �ts so�e discretion for an�r reas�n whatso�ver L�nder may, <br /> withaut n�tice and �v�th�ut spe��fy�ng any reasan therefor a�r�d with�ut appiying to any caurt, <br /> sele�t ar�d appa�nt a successor trustee rovide�i su�h su�cessor trustee sha�� agree ta waive any <br /> statutory fee and shall agree to accept commercially reasonable cornpensati�ns in lieu, thereot�, <br /> hy an instrumer�t recarded v�herever this Security Instrument is r�corded and a11 powers, rights, <br /> duti�s and authorit� �f Truste�, as afflresaid, sha�� thereupon become vested in such successor. <br /> Su�h substitute tzust�e shali n�t be required to g�ve bnnd for the faithful performance �f the <br /> duties of Trustee hereunder unless required by Lender. The procedure pro�ided� for in this- <br /> paragraph for subst�tutian of Trustee sh�l be in addit�on ta and not �n ex�lusion af any other <br /> provisi�ns for substitution,by�aw ar otherwise. <br /> Section 15.� Trustee's Fees. Ind�v�dual Borrawer shall pay al� reas�nab�e and <br /> dacumented c�sts, fe�s and exp�ses in�urred hy Trustee and Trustee's agents and cat�.nsel in <br /> �onnection with the �erformance by Trustee �f Trustee's duties hereunder and al� such costs, <br /> reasonab�e and dacumented fees and expens�s sha�l�e secur�d by this 5e,�urity Instrument. � <br /> Se�t�on 15.3 Certain Ri�:hts. Af�er and during th� continuance �f an Event of <br /> Defat�lt, with t�xe approval �f L�nder, Trustee shal� have the ri�ht ta take any and a1� of the <br /> fal�ow�ng actions: �a}to se�ect, employ, and advis��v�th counsel �wha �nay be, but need not,be <br /> counse� for Lender}upon any matt�rs arising hereunder, ar�.d sha��be ful�y pratected�n re�y.ing as <br /> to iegal matters on the advi�e of c�unsel, �b] �o execute any of the trusts a,n� powers hereof ar�d <br /> to perf�rm any duty hereunder either direct�y or through hislher ag�nts or attarn�ys and (c}any <br /> and al��other iawful actions as Lender may�nstruct Trustee to talce ta pro�ect or enforce Lend�r's <br /> rights h�reu.r�der ar�d as are per�nitt�d by the Loan �ocuments. Truste� shall not be persona�ly <br /> liab�e in case �f entry�y Trustee, or anyone entering hy vir�ue of the pov�ers hereir� granted to <br /> Trustee, upon the Pr�perty for debts cvntract�d for ar �iahi�ity ar damages i.ncurr�d �n t�e <br /> management or operatian �f th� Pr�perty, ex�ept for Trust�e's bad faith, gross n�g�igence �r <br /> wi�lfui nusc.anduct. Trust�e sY�ali have t,�e r�ght to re�y an an� instrument, d�c�mer�t, vr <br /> signatur� authorizing or suppo�ting a� act�an taken �r proposed tQ be taken by Trus��� <br /> hereunder, b��iev�d by Trust�e in good faith to be genuine. Truste� sha�l be ent�tled to � <br /> re�mbursement for actual reasonable arid documented expenses incurred by Trustee in the <br /> perfflrmanc�of Trustee's duties h�reu�der and to rea.sonable c�mpensat�an for such af Trustee's <br /> se�vices hereunder as sha�l be r�dered. <br /> S�ci�on 15.4 Retenti�n af Mane�. All moneys re�ived by Trustee sha11, untii � <br /> use� or applied as here�n provided, be helci in trrust for the purposes for �vhich they were <br /> received,but need not be s�gregated in any manner from any other moneys �except to the extent <br /> ret�uir�d by applicab�e law� and Trustee sha11 be under na liability far interest on any maneys <br /> received by Trustee hereunder. � . <br /> Sect�on 15.� Per�ectivn of A ointment. Should any deed, �on�eyanc�, or <br /> instrument vf arxy natuxe be reasonahly r�uire� from Ind�v�dual Borrower by any Trustee ar <br /> substitute trustee to more fu�ly and cer��ainly vest in and confirm to the Trustee or substitute <br /> trustee such estates rights, powers, and duties, t�en, upon request by the 'i'rustee or substitute <br /> trustee, any and a1� such deeds, conveyar�ces arad instruments sha�l be made, executed, <br /> 1073 i 5 l.04-NYC5Rb3A-Iui51�V � <br />
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