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201404852
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Last modified
7/20/2017 8:16:06 PM
Creation date
8/6/2014 3:37:52 PM
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DEEDS
Inst Number
201404852
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��14�455� <br /> , <br /> � 19.Assxgnment of Rents.Barrow�r unconditional�y assi�ns and�ransfers�o Lender a��the rents and <br /> revenues of the Praper�y.Barrawer authorizes Lender or Lender's ag�n�s ta co�lect the r�nts and <br /> , revenues and hereb�direc�s each tenant af the Properry to pay the rents to L�nder Qr Lender's agents. <br /> Hav�ever,pr�or to Lender's notice to Borrovver�f Borro,t�ver's breach of any cavenant or agreement�n th� <br /> 5ecurity Instrument,Barrav�er sha�l collect and receive a��r�nts and revenues�f.�he Proper�as trustee <br /> for the benef t of Lender and Borrow�r. This assignment of ren�s cvnstxtutes an absolute ass�gnment and <br /> not an assigr�ment far addi�Yana� secur�iy only. <br /> If Lender gi�es noti�e of breach�a BorroWer:�a�all rents recezved�y Borrower sha1�be held by <br /> Borrovv�r as trus�e�for benefit of Lender only,to be appl.red to the sums secured�y th�s S��urity <br /> � Ins�rument;���Lender sha�1 be entitled to collect and receive a1I af t�ze ren�s af the Proper�y; and�c� <br /> � each�enant of the Property shal�pa�a1I rents due and unpa�d to L�nder�r L�nder's agent on Lender's , <br /> � <br /> written demand to the tenan�. <br /> Borrower has�ot executed any prior ass�gnment of the rents and has not and w��1 not perform an�act � <br /> that would�re�er�t Lender from exercising Y�s rYgl��s under th�s Paragraph �9. <br /> L�nder sha11 not be required to�nter upon,take cantral of or maintain the Pr�per�before or after gr�ing <br /> nvtice of brea�h to Borrovver. Hovvever,Lender ar a�udreia�ly appointed receiver may d�sa at any t�me <br /> there is a breac��.Any appl�catxon of rents shalX not cure or waive any def.ault or xnva�idate any oth�r <br /> r�ght or remedy af Lender.This ass�gn.xnent of rents of the Proper�y sha�l terminate when the debt <br /> secured by this Security Instrument zs paid zn ful�. <br /> � �4.�or����s���P�o��du��.If L��c������u��r�s�mm���ate���m.��.�-��-fu��ua�d�r P���g�aph 9, <br /> Lender may�n�oke the power of sa�e and any other remedies permitte�by app�icabl�,Ia�vv.Lender � <br /> shal�be entit�ed to co���ct all expenses incurred in pursuing the remedies provided Yn thi� <br /> . Pa,ragraph 2Us xncludxng,but n�t�imited to,r�asonable attarneys' fees and costs vf title evrdence. <br /> � <br /> If the power of sa��xs znvoked,Trustee shal�record a notYce of default in each county in v�hich <br /> an�part of the Property�s�acated and shall mail cop�es of such natice�n the manner prescr�bed <br /> by app��cable�aw to Borrower and to the other persons pre�cribed by appli�abie Zaw. After the <br /> . , t�me required by app�xcabie la�v,Trustee shalx gxve pubX�c notxce of sa�e to the persons and in the <br /> manner pres�r�bed by appxxcab�e law. Trustee,w�thout deman�on Borrawer,shall sel�the <br /> Property at publi�auct�an to the h�ghest bidder at the time and place and under the terms <br /> . designated�n the notice of saXe xn ane or more parce�s and in any order Trustee determines. <br /> Trust�e may postporie sa�e of all or any parce�of the Property by pub��c announcement at the <br /> txrne and piace of any pr�viously scheduled sale. Lender or�ts de�ignee may purchase the � <br /> Property a t a n�sa�e. � � � <br /> :� <br /> Upon recexpt of payment af the price bid,Trustee shaXl de��ver to the purchaser Trustee's deed <br /> convey�ng the Property. The recitals in the Trustee'�deed shax�be prima facie ev�dence nf the <br /> truth of the statements made there�n. Trustee sha��apply the praceeds of the sa�e in the fa��ovv�ng <br /> order: �a}to a�Z costs and e�penses of exercasxng the power�f sale,and the sa�e,i�nc�uding the � <br /> payment of th�Trustee's fees a�tua�Zy incurred and reasonab�e attorneys' fees as permxtted by <br /> app�icable law; (�}to a�z sum5 secured by this Secur�t�Instrument; and (c}any excess to the <br /> � pe�son or persons legal�y ent�t�ed t�it. <br /> � <br /> zl:Lxen Priority.T�ze fuil amnunt secured by�hxs Security Iris�;rument sha11 hav�the same pr��rity over <br /> any o�her l�ens on the Property as if tlze fu�1 amaun�had be�n disbursed on the date�he�n�t�al <br /> � <br /> � <br /> . Page S of 12 HE�M First Deed�f Trust <br />
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