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201504602
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Last modified
7/21/2017 2:57:13 AM
Creation date
7/9/2015 9:23:02 AM
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DEEDS
Inst Number
201504602
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. ��15�45U� <br /> , <br /> , <br /> 9. Substitute Trustee. Lender, at its option, may from time to tim� �emo�e Trustee and appoint a <br /> successor trustee to any Trustee appointed hereunder by an instrurnent record�d in the caunty in which <br /> this Security�nstrument is recorded. Without con�eyanc� of the Prop�rty, the su�cessar truste�sha�l <br /> succeed to a�l the title,pawer and duties canferred upon Trustee herein and by Applicable Law. <br /> i fl. Reconveyance, Upon payrnent of all sums secured by this Security Instrument, L�nder shall re�u�st <br /> Trustee to reconvey the Property and shal!surrender this Security Instrument and all notes evidenctng <br /> debt s�cured by this 5ecu�ity Instrument to Trustee. Trustee shal� recfln�ey the Property vvithout <br /> warranty ta the persan or persons Iegally entitled to it. Such person ar persons shall pay any <br /> recard ativn casts. <br /> 11. Barrower's Right to Reinstate. Borrow�r has n� right to reinstate the loan ai�er Lender has <br /> accelerated the sums secured hereby. Lender may allav►r Borrower to reinstate the laan pr��iding that: <br /> (a}Borrower pays Lender all sums which wauld Ue then due under thi� 5ecurity Instrument and the <br /> l��te had no acce�era�ian occurred; �b} Borrower cures all brea�h�s of any other ca�enants or <br /> agreements af Borrawer c�ntained in this Security Instrument; (c} Borrower pays all reasanable <br /> expenses incurred by Lender and Trustee in enforcing the ca�enant5 and agreements �f Borrvwer <br /> contained in this Securi�y Instrument,and in enf�rc'rng Lender's and Trustee's remedies as pr4�ided in <br /> paragraph 7 thereaf, including, but not limited to, reasonable attorneys' fees and expenses; and �d) <br /> B4rrawer takes �uch acti�n a.� Lender may reasonably require to assure that the lien of this Security <br /> Inst�-ument shal� c�ntinue unimpatred. Llpon such payment and cure by B�rrower, this Securi#y <br /> Instrument and the ab�igation secured h�reby shall remain in ful�force and eff��t as if no acceleration <br /> had�ccurred. <br /> 12. Assignment� of Rents; Appain#rnent af Recei�er; Lender in Passessian. As additional se�urity <br /> hereunder,Barrower here�y assigns to Lend�r the rents of the Property,provided that Borrawer shali, <br /> prior to acceleratian under Paragraph 7 hereaf or aban��nment af the Property, have the right tfl <br /> callect and r�tain such rents as they become due and payable. <br /> i.Tpan acceleration under paragraph 7 hereaf or abandanment of the Prvperty, Lender, in person, by <br /> agent �r by judicially appointed recei�er shall be entitled to enter upon, take possession of and <br /> manag� the Property and to collect the rents of the Praperty including thase past due. A1� rents <br /> �alle�ted�y Lender or the re�ei�er shall be applied first to payment of the costs af management af the <br /> Property and coi�ection rents, including, but nat �imited tv, r�ce��er's fees, premiums an recei��r's <br /> bond� and reasonable altarney's fees, and then to the sums s�cured 6y this Security Instrum�nt. <br /> Lender and the recei��r shall he liable ta accaun�only far th4se rents actua�Iy received. <br /> 13. Subrogatx4n. Any of the pracee�s of the Note used ta take up ou�standing liens against all or any part <br /> �f th� Prope�ty haWe been ad�anced by Lender at Borrower's request and upon Borrower's <br /> representatian tha�such amaunts are due and are secured by va�id li�ns against the Property. Lender <br /> shall be subrogated to any and all rights, superior titl�s, liens and equit�es �wed or c�aimed by any <br /> awner or ha�der 4f any owner or hold�r nf any outstanding liens and debts,regardless af whether said <br /> liens �r debts ar� acquired by Lender by assignments or are released by the halder thereof upan <br /> �ayment. <br /> 14. Pa rtial In�alidity. In event any portion of the sums in�ended to be secured by this Security <br /> Instrument cannot be lawfully secure� hereby, payrnents in reductian �f such sums sha�l be applied <br /> Wells Fargo Custom Partial Claims Loan Modi�cat�on Agreerncnt Initial L <br /> 04232�1 S 259 936 I��11�I��II����� <br /> First Arncrican Mortgage Ser�ices Page 4 <br />
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