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201605269
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Last modified
7/24/2017 3:03:15 PM
Creation date
8/16/2016 9:01:04 AM
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DEEDS
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201605269
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2� 1 ��52�9 <br /> �. SUB�RaI1VATE LIENS.Excep� as per��i��ed by federal 1aw, 8��-�-ower sh�ll nat allavw any lien <br /> inferiar to the Se�urity Instrument to be perf�cted against fhe PrQ�erty without Lender's <br /> prior w����en permission. <br /> D. "BaRR�V1iER'S R��HT T� REiN�TATE"DELETE�].Sectivn 19 is deleted. <br /> E. E3�RRUIIIIER'S���UPANCY. Unless Lender and Borrower otherwise �gree in writing, <br /> Se�tion � conce�ning �orrower's occu�ancy of fhe Pro�er�y i��eleted. <br /> F. A�5IGNMENT�F LEA�ES.Upon Lender's request after default, Bvrrower shall assign to <br /> Lender all leases of the Property and all security de�osits ma�e in connection with le�ses of <br /> the Property. Upon the assignmen�, Lender shall have the right to m�dify, extend ar <br /> terminate the existing leases and ��execute new leases, in Lender's sole discretion. As used <br /> in this p�ragraph F, the v�o�-c� "lease"shall mean "sublease" if th�See���ty Instrum�n��s on <br /> a leasehald. <br /> �. ASSIGNN�ENT�F RENTS;APP�fNTIlAENT�F REC�IVER;LENDERIN P�SSESSE�IV. <br /> Borrovver ab�olutely and uncondi�ionally ass�g�s and transfers to Lender all the ren�s and <br /> revenues �"Rents"}of the Pro�er�y, �egardless�f to whom the Rents of fhe Prfl�ert�r are <br /> �ayab�e. SQrr�v�er authvrizes Len�er�r Len�er'�a�ents to c�llect the Rentsf and agrees that <br /> each �enant of the Property shaf� pay the Rents �o Lender or Lende�'s agents. Hflwever, <br /> Bor��wer shall recei�e the Rents until: �i} Lender has gi�en Borrow�r r�o�iee of default <br /> pursu���to Section 22 of�he 5ecurity lnstrument, �nd �ii} Lender has �iven notice to the <br /> tenant�s}�hat the Ren#s are to be paid tn Lender or Lender's agen#. This assignment of <br /> Rents constitutes an a�solute assignrnen�and not an assi�nment for add�ti�na� securi�y <br /> an1y. <br /> If Lender gives n�tice�f default tv Bc�rrower: �i} all Rents received by Borro�ter shall be held <br /> by Bvrrower as trustee f�r the benefit of Lender anly, �o be applied to the sums�ecured by <br /> the �ecurity Instrument; �ii� Lender shall be entitled �o collect and rec�ive all of the Rents of <br /> the Property; �iii} Borro�ver agree� that each tenant of the Property shall pay all Rents due <br /> and unpaid #�Lender Qr�ende�'s agents u�Qn Lend�r's writte� demand #�#he tenant; �iv} <br /> unless applicable law p�ovi�es otherwise, all Ren�s coilected by Lender or Lender'� agents <br /> shall be applied first t�the costs of taking c�ntrai of and managing the Property and <br /> collecting #he Rents, inc�ud�ng, but not limited t�, attorney's fees, recei�er's fees, premiums <br /> on r�ceiver's bonds, re�air an� maintenance costs, insurance premiums, #axes, asses�ments <br /> and ��her charges on the Property, an� then�o the sums secured by th� �ecurity <br /> �nstrument; �v} Lender, Lender's agents or any judicially ap�ointed rece�v�r shall be fiable to <br /> accoun�f�r only those Rents actually recei�ed; and �vi} Lender shall he entitled to have a <br /> rece�ve��p�ointed to take possessian �f and manage the Property an� c�llect the Rents and <br /> ML�LTISTATE �-�4 �AfI���Y RIDER-F�nni� MaelFreddie Mac �orrx�3�7� �IQ� <br /> UNiF�RM INSTRUMEh1T <br /> Bankers Systems TM'IIMP � VMP�7RA��4�1}.44 <br /> Wolters I�luwer F�nancial S�r�ices q�3358729�a4 0371 �41 Q�Q4 <br /> Page �t�f4 <br />
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