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201703609
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Last modified
7/3/2017 5:40:33 PM
Creation date
5/31/2017 1:55:59 PM
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DEEDS
Inst Number
201703609
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for the commencement or defense of any such suit or proceeding; in each case including, without <br />limitation, filing fees, appraisers' fees, outlays for documents and expert evidence, witness fees, <br />stenographer's charges, publication costs, and costs (which may be estimated as to items to be <br />expended after entry of judgment) of procuring all such abstracts of title, title charges and <br />examinations, foreclosure minutes, title insurance policies, Ton-ens certificates (if applicable), <br />appraisals, and similar data and assurances with respect to title and value as Grantee and/or any <br />Lender may deem reasonably necessary either to prosecute or defend such suit or, in case of <br />foreclosure, to evidence to bidders at any sale which may be had pursuant to the foreclosure <br />judgment the true condition of the title to or the value of the Property; <br />(6) Grantee's reasonable fees and costs arising between the entry of judgment of <br />foreclosure and the confirmation hearing; <br />(7) Payment by Grantee of any Impositions as may be permitted by this Security <br />Instrument; <br />(8) Grantee's Advances of any amount required to make up a deficiency in deposits for <br />installments of Impositions as may be permitted by this Security Instrument; <br />NAM 502659666v3 <br />(9) Expenses deductible from proceeds of sale; and <br />(10) Expenses incurred and expenditures made by Grantee for any one or more of the <br />following: (a) premiums upon casualty and liability insurance made by Grantee whether or not <br />Grantee or a receiver is in possession, if reasonably required without regard to the limitation to <br />maintaining insurance in effect at the time any receiver or Grantee takes possession of the <br />Property; (b) expenditures to the extent reasonably necessary to keep the Premises and <br />Improvements operational and usable for their intended purposes in excess of available insurance <br />proceeds or condemnation awards; (c) payments required or reasonably deemed by Grantee to be <br />for the benefit of the Property or required to be made by the owner of the Property under any grant <br />or declaration of easement, easement agreement, agreement with any adjoining land owners or <br />instruments creating covenants or restrictions for the benefit of or affecting the Property; (d) <br />operating deficits incurred by Grantee or reimbursed by Grantee to any receiver; and (e) all <br />amounts paid to any public authority for the use or occupancy of any street, alley, or public way. <br />All Protective Advances shall constitute Secured Indebtedness, whether or not they <br />exceed the amount of the Loans, and shall become immediately due and payable without notice <br />and with interest thereon until paid at the Default Rate. This Security Instrument shall be a lien for <br />all Protective Advances as to subsequent purchasers and judgment creditors from the time this <br />Security Instrument is recorded. <br />4.05 Right of Possession. In any case in which Grantee has a right to institute <br />foreclosure proceedings (whether or not the entire principal sum secured hereby becomes <br />immediately due and payable or whether before or after the institution of foreclosure proceedings <br />or whether before or after judgment thereunder and at all times until the confirmation of sale) and <br />upon Grantee's request to the court, Grantor shall, immediately upon Grantee's demand, surrender <br />to Grantee, and Grantee shall be entitled to take actual possession of the Property or any part <br />-15- <br />201793609 <br />
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