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201508167
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Last modified
7/21/2017 2:04:45 PM
Creation date
12/2/2015 8:59:22 AM
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DEEDS
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201508167
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2� 15�81 �7 <br /> � <br /> redeem from any tax �a1e �r f�rfeiture affecting the Mortgag�d Propert� or c�nsent t� any tax ar <br /> ass�ssment �r cure any defau�t �f Trustor in any Lease. If an Event of Defau�t has occurr�d and is <br /> continuing, Lender may, but sha�l nat be required: �i� to enter up�n and take p�ss�ssion of the <br /> Mortgaged Property, complete constructi�n, furnishing and equipping af any buildings �r other <br /> xrnprovements n�w or at any time hereafter on the Martgag�d Praperty(if applicable}; [ii�to make <br /> addxtions, alternati�ns,repairs and impravements to the Mortgaged Property which it ma�consider <br /> necessary and proper to keep the Martgaged Property in good condition and repair; �iii) to rent, <br /> opera�e and manag�the Mortgaged Proper�y and such build�ngs ar�d improvements and pay�perating <br /> co�ts and expens�s,including management fees,of every l�ind and nature in conr�ection therevvith,so <br /> that the Mor�gaged Praperty and such buildings and irnprovernents shall be�peratior�a� and usable <br /> for their intended purpos�s; �iv� t� appear and par�icipate in any act�or� or prQceeding affecting or <br /> whi�h may aff�ct the M�rtgaged Property,the s�curity h�reof�r the rights or povv�r�f Lender;�v�ta <br /> pay any imposit�ans asserted aga�nst the Mortgaged Property and to da sa accord�ng to any bil�, <br /> statement or estimat�pracured frorn th�appropr�ate affxce w�thout xnquxry�nto the accurac�nf the <br /> � bi11,statement or estimate or into the validxty of any�mp�sxtion,and.lor(vx}ta pay,purchase,contest <br /> or compromise any encumbranc�, c�a�m,�harge,lx��.or debt vvhich in the judgment of Lender ma� <br /> affect or appears ta affect the Mortgag�d Pr�perty�r the securit�of�his Instrum.ent or Wh�ch maybe <br /> prior ar superior hereto. <br /> (b� Trustor irr�vacab�y app�ints Lender�ts true and�avvfu� attorney xn fact, at L�nder's <br /> e�ection,ta do and caus�to b�done all or an�af the foreg�in�in the event Lend�r shal�be ent�tled to <br /> take an�or all of the a�tion prav�ded f�r in thxs Sect�on 12. <br /> (c� Fol�o�v�ng a�.Event of I�efault and during the c�ntinuance thereof,a��monies pa�d for <br /> any af the pur�oses here�n auth�rized and a�l �xpenses paid �r incurred �n connect�an there�w�th, <br /> including reasonab�e attorneys' fees,and an�other monies advanced by Lender in regard t�any tax <br /> referred to xn this Instrument andlor to pr�tect the Mortgaged Property or the�ien hereof, shall be so <br /> m.uch add�t�onal S ecured�bligations secured hereby,and sha11 become immedia�e�y due and payabl� <br /> v�xthout notice and�with interest thereon at an annual rate equal t�the"Default Ra�e"�as such term is <br /> us�d and defined in the Note�. In addition ta the farego�ng, any costs, e�penses and fees,including <br /> actua�r�asonable attorr�eys' fees,incurred by Lender follov�ing any such Event of Default hereunder <br /> and during the continuanc�there�f in cor�n�ction with: �i�susta�ning the��en of this Instrument ar its <br /> pri�r�ty; �i�� protecting and enforcin� any of Lender's rights hereunder; (iii} r�covering any of the <br /> Secured �bligations secure�l hereby; �iv� any litigation or proc�edings affecting the Note, tr115 <br /> Instrument, the Mortgag�d Praperty or any guarantor or c�-mak�r of the Not� or this Instrument, <br /> ineluding �vvithout lim�tat��n, bankruptcy and probate proceedings; �r (v� preparing for the <br /> cammencemer�t,defense or par�xcipatxon�n any threatened��t�gat�on or proceed�ngs,shall be sa much <br /> additi�na� Secured �bligations secured hereby, and shal� become imz-n�d�at�ly due and payable <br /> withaut n�tice and v�ith�nt�rest ther�on at the Defau�t Rate. <br /> �d� The int�rest accru�ng under thxs Sectx�n �� shall be im��nediately due and payable by <br /> Trust�r to Lender,and sha��be addxtxanal Secured�b�x�atx�ns ev�dence�by t�le No�e and secur�d by <br /> this Instrumen�. �na�tion of Lender shal] never be considered as a vvai�er of any r�ght accru�ng to it <br /> on accour��of any default on the part�f Trustor. Should the praceeds of the Note or any part there�f, <br /> or an�amount pa�d out or advanced b}�Lender hereund�r,�r pursua�lt to ar�y agreement e�.ecuted by <br /> 10 <br /> L��17�1�17�������17n11 t)t)�11 <br />
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