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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
Inst Number
201508167
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2� 15�81 �7 <br /> for thxrty(3�� additional days, but in no event shal� th� �ure Periad be �onger than ninety <br /> �g�� days in the aggr�gate; and <br /> �v� Th�o�currence�f any"Event of Default" �as such term is resp�ctively used <br /> and defined �n th� Loan Agreement� that has c.ont�nued after the giving �f any appl�cable <br /> not�c�and th� e�p�ration of a�� appl�cable grace or cure p�riods, if any. <br /> - (b� If an Event of Default�ccurs and is cont�nuing,Lender may,at its o�ti�n,declare the <br /> whole of the Secured�b�i�ations to be immediate��due and payable vvithout notice to Trustar,with <br /> + interest th�re�n from the date of such Event of Defau�t at the Defauit Rate. If vvhi�e any insurance <br /> proceeds or condemnatian a�vards are being held by Lender to re�mburse Trustar for the cost �f <br /> rebuild�n� or rest�rati�n of bui�dings or impravements on the Mortgaged Property, as set forth in <br /> Section �2 here�f, Lender shal� be or become entitled to, and sha�� acc��erate the Secured <br /> �bligati�ns,then and in such event,Lender sha11 be entitled to apply al�such�nsuranc�proceeds and <br /> candemn.ation a�wards then held by it in reduction of the 5ecured�b�xgations ar�d any e�cess held by <br /> it �ver the amount of Secured �bligati�ns then due hereund�r shall b� returned to Trustor or any <br /> party ent�t�ed thereta vvithaut interest. <br /> 15. Forecl�sure; Ex�ense of Liti a� tion. <br /> �a� �hen the Secured �b�iga�ions, or any par� thereof, sha�� become due, v�vheth�r by <br /> acceleration ar othervvise,Lender shall have the r�ght to forecl�s�(either jud�cxa��y or by ex�rcise�f <br /> the povver�f sale�the 1�en hereof for such S�cured�bligati�ns(or part thereof�a�.d.lar�xerc�se ariy <br /> right,p�wer or remed�provided in this Instrurnent�r any�f the other Laan Docum�nts. <br /> (b� In the event of a forec�osure�a�e,Lender�s�iereby authorized,Without the c�nsent�f <br /> Trustor, to assign any and all insurance policies to the purchaser at such sale, or to take such other <br /> steps as Lender ma�deem advisab�e t�caus�the�nterest of such purchaser to be pr�tected by any of <br /> the said insurance p�licies. <br /> (c� In any su�t or e�erczs��f the povver of sa�e t�foreclase the 1�en her�of,�here shall be <br /> a��oW�d and xnc�ud�d as addit�onal ir�debtedness in the d�cre� for sale a��reasonable expend�tures <br /> and��p�nses�vh�ch may be pa�d or incurred by or�n beha�f of Lend�r for reasanable attorneys' fees, <br /> appra�s�rs' fees, out�ays far documentary and e�pert evxdence, st�nographers' charges,�]L1�711C�t1aI1 <br /> �osts, and costs �which may be estimated as t� items to b� expended after entr�of the decree} of <br /> pr��uring a�� such abstracts of title, title searches and e�amination�, t�tle insurance palicies, and <br /> s�mx�ar data and assurances vvxth respect to the title as Lender may deem reasanably necessary either <br /> to prosecut�such suit or to evxdence ta bidders at any sa�e which ma�be had pursuant to such decree <br /> th�true c�ndit�ar� of the title to or the value of the M ortga�ed Proper�y. <br /> [d� All e�penditures and expenses of the nature ii� this Secti�n mentioned and such <br /> e�penses and fees as may be incurred in the enf�rcen�ent of Trustor's �b]�gatiQns hereunder, the <br /> protect�on of said M�rtgaged Property and the ma�ntenance of the Iien of th�s Ir�strument,including <br /> the reasonable fees�f any att�rn�y employed by L�nder�n an�litigatx�n or praceed�ng affecting this <br /> �n5trumen�,the Note,or the Mortgaged Property, including probate and bankruptcy proceedings,or <br /> 12 <br /> �3�I'711[]`7�������17'71 �()�1 l <br />
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