201602162 - Laserfiche WebLink

Browse

2� 1 ��21 �2 Non-Bar�•a��ing Spou�e��n�iven as p�-o�i��d irt�t��is�'ara�;r�pi� ��. 2U.Governin��..►aw; Se�erabi�ity.T��is S�cu�•ity ��s��•u��sha�l be�a�e�rr7e� l�y ��.�c�-al �aw and the �aw of the juris�ic�i�n in wh�ch�he Prope�-ty �� I�c��ed. Zn�hc�v��a��t�y pro�isi�n a��aus�of�I�is Securit� �nstru�n�n�o�•�h�Secot�d Note con�lic�s�ai�l�a�pl��dbl� law,sucl� Goi�f�i�t sh�ll n��afF�c�a��er pro�isiQns af this Securi�y�r�s��-i�m�nt or�l�e S�cand Notc whi�h c:a��be��n effect with�ut�he canf��ctin�pra��isian.To�his end�hc��o��isioi�s of�l�is Sec.��x•ityf I��sfx•�i��e��t a��d t��e�econd Not�ar� de�lat•ed��se��z-abie. 21.�orrawer's Co��. Bo�•row��,sl�a�l be;i��i-�o��e c�nfcar�r�ed c�p��af�I�� ecni�zd N��and t�� Securi�y Instru�nen�. 22.Th�rd�-Party Benef�ciar�. E��ep�as se�f a�•�h i n Pa�•a�r�ph ��a}��i�ar�d on��or an E�i�i bl� Non-Bor�•owin��;S�ouse,�his S�e�iri�y Ins�i'u17��I1�dt�C5 p��pd ]�nU��I��nd�a�Q GC��l�f��•any�•��ts c�r �•e��edies upan a��y pe�•son c��hr��•��.��he pa�•ties Bar��awe�-ab�•��s�l�ai ��is��c�t a��i�•d-pa�-�y b�r��ficia��Y tQ the�ontz-act af rnsurance b�fw�cn HU��.nd th� ��oi�i��-�f��e Fi�•st�c��c. �3.�a��liLed Term�. Capi�ali��d�eriz�s��Qt def��ed i�� 5e�t�r•itti' �nsti-��t�l�a�l ��av��1� meanin�s ascx-ibed�a the�n in�he Loa��A��-e��e�1t. �UN-UN�F�R.M C�VEN1-�N7��.�ar�•owcx•ai-�d Le�-�d�r co�enan�a��d abrec as fo�la�.vs: ��.As�ignrnent of Ren�s. F�ari•ower u��co��dit��al�y a�si��d t�•a.��sf��-s�� .,e��dcx•all the re��ts a�-�d �•e��enu�s of the Prope��y. Baz•row��•au�hol•i��s L.�nder o�•I��nd��-'� a�ents to cc��l�c�the�•ents and z•e��nues an�h��eb}�direc�s eacl�t��a��o�`the Pra�e�-#.}��o pay tl��•en�s�o L�nd�r�x•�..��nd�i•'s a��nts. Howe�e�•, prior to Lende�•'s r�a�ic�to Borrou��of Bort•ow�z-`s b��c�1�#`any c��enant o�•agre�l�z�n�in the Security lns��•uznent, Barrawe��a�l�collec�and recei��e aIl re1��s�.r�d��Wenues of t��e Proper�y as�ru�t�e for�he benefit af`Lender az�d F3ot•x•�wez•.T�-�is assi��l�ent af�•�nt�c�ns��utes a��absalu�e assibn��e��t and na�a ass��nment f�r addit��nal secu��itiy anl�°. �f Lende�•�ives no�ice of bi-ea�h fo Borro�c�-:�a�al� �-en�s�-ec�i�ed b�� Bo�ra�n��•s�aall be l�E�d by Bo�ro��ver as�x•us�ee for beneft c�f Le��d�r only,ta b� appl�ed t��h�su��s�ecure�i�y�I�is Securi�y Instrume��t;(�} L��der shall b�e��ti�l�d�o�oil�c�a��d�•ecc�iv��ll of`the re��s of�hE P�•opei�ty;and�c} ea�h tei�ant af the propei•ty shall pa�f al� re��ts c�ue a��d u��paid tn L�i�de�•�i-Le��der's a�;er�t oz� Le��der's �vr��en d��a��d to the�e��aa�t. Bor�•awer has�1��e�se�uted a��y p�•iar ass��nt��of�he r�nts anc.� ��a��at and wi�l not pe�•��o�,m a�1y ac� �l�at would pre�ex��endez•ft•om e��rcisi�� it.s�-i��t� ��nder��is �a�-a��•��h ?Q,�xcept as p�-��ic��d in�� �`i�•s�Securi�y Ins�rurnen�. Lende�•sha�l��o�be requi�-ed�o�nter upon,�ak�co��t��al of o�•1�1�in�ain��e P�•o�c�rty b�fore or af�:er��rin� no�ice af�breach ta Bo��oti��r. H�weve�•, ��e�der��r a_�u�icia�ly ap�aoin�ed r�ce��•i7��y do so at an�tiine fhere is a breach.Ai�y�.ppiicatioa�of�•en��s1�al� ��c�t�;�ire �r rv��anv d�fa��lt or inva�idate�z�y oth��- right o��rei��edy of Lende�•.This ass�bi��ei��of rents of tlle PF•t�pe,rty sl�aif te�•i��irla�e ti��en tl�e debt secured by�his Se��ir��y �ns�tru��ent�s paid i�� f'ull. �S. For�cl�sure Pracedure. �f Lende�•requires im�ned�ate pa�men��in-full und�r Paragraph 1�, Lender ma��in��ok�the power of sa�e and�ny o�her r�mcdies �ermitfed b��a��plicab�e�a�r. �ender shal�he enti�led to cal�ect a��e�.�enses in�urre� in pursuing the re�m��ies proWi�ed in �h�s para�ranh 25,includin�,bu��o�l�m��ed fa,�•easonablc attorne.ys' #'ees and casts of t�tle e�ide�.cc. �'a�c 9❑f l3 f�l:C'I�ri Si:c�nc�❑e�c�Ot�-�'r�ist--2L�15