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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 /> ��NDITI[]�5 T�G1�11TT <br /> TU I�AVE AND '�(� H�LD the above granted and d�scribed Property unto <br /> Truste� far and �n�ehalf of Lender an� to the use and b�n�fit af Lender and Trustee, and far <br /> their successars and permitted assigns; <br /> IN TR�ST, WITI3 P�'�VER �F SALE, to secure payment ta L�nder of the <br /> I]ebt at th� t�me and in the manr�er provided far �ts pa}�ment in the I.�at� Agreem�nt, the Note <br /> and in this Security Instru,ment. � <br /> �`R�VIDED, H�lWE�ER, tl�ese pr�sents are upan th�express �andition that, �f <br /> B�rrower shall well axad truly pay to Lender the entire �utstanding ba�anc� of the Debt at the <br /> time and in the manner pra�ded in the Nate, the Loan Agreement and this �ecurity Instrum�nt, <br /> shal�wel� and truly perfflrm th��ther�btigations(herea.f�er de�ned� as set forth in this S�curity <br /> Ir�strument and sha11 well and tru�y abide by and comply with each and every c,��enant and <br /> canditian set fQrth here�n a�d iri the N�te, the Loan A�reem�nt and the other Loan Dacuments, <br /> these presents and�e estat�hereby grar�ted shal� cease, terminate ar�d be void. l�otw�thstand�ng <br /> the fvr�going, Lender shall release �he l�ens and securi�y in�erests creat�d by this Security <br /> Ir�strument�r rec�n�ey the Pro�er�y to Ind�vidua� Borrov�er�hen the entire outstanding ba�ance <br /> of the Debt has been pa�d ar�d th�re ar� no outstand�ng or unpaid �ther �bligations other t1�an <br /> contingent indemnifi�atian abligations for which no ��airns ha�e been ass�rted an�i w�th respect <br /> ta which there axe no knvwn c�aims reasonabl�l�ke�y to b�asserted. <br /> ARTI�LE�-DEBT AND�]BLI�ATICINS SECURED <br /> Sect�an�.1 D�,ebt. This Securi�y Instrumerat and the grants, assignments and <br /> transfers made�n Art�icle 1 are giv�n f�r th�purpos�of s�c�ring th�Debt. <br /> Se�tion�.Z �th�r �la,li�ations. This Se�urit� Instrument a�d the grants, <br /> ass�gnments and transfers made in Arti��e 1 are a�so gi�en for th� purp�se �f securing the <br /> �ol�owing(cal�ecti�re��,the"�ther�bligati�ns"}: <br /> (a} th��erforr�ance of aIl other obligations of Individua� Barrov�er cantain�d <br /> herein; <br /> (b} the performan�e of each obligatian �f Borrower cc�ntained in the Loan <br /> Agreement and any other Laan Dacument; and <br /> �c} the performance af each obligatian of Borrower c�nt�ined in.any ren�v�ai, <br /> extensian, amendrnent, modification, cons��idation, change of, or substitution or replacement <br /> for, a�l or ar�y pa.rt�f the Note,the Loan Agreement or any�ther Laan I]ocument. <br /> Secti�n Z.� Debt and �th�r �bli�atians. Borrawer's abligations for the <br /> �ayment of the Debt and the performan�� of the �ther �bligatians sha�� b� referred to <br /> ��lecti�ely h�re�n as the"�bligations." <br /> �0�3�5�.aa-rrvcsRo�A-Msw <br />
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