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202002204
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Last modified
3/11/2021 10:43:27 AM
Creation date
4/10/2020 3:52:50 PM
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DEEDS
Inst Number
202002204
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202002204 <br />profits derived from the Property without any showing as to the inadequacy of the Property <br />as security. <br />If the Rents of the Property are not sufficient to cover the costs of taking control of and <br />managing the Property and of collecting the Rents any funds expended by Lender for such <br />purposes shall become indebtedness of Borrower to Lender secured by the Security <br />Instrument pursuant to Section 9. <br />Borrower represents and warrants that Borrower has not executed any prior assignment of <br />the Rents and has not performed, and will not perform, any act that would prevent Lender <br />from exercising its rights under this paragraph. <br />Lender, or Lender's agents or a judicially appointed receiver, shall not be required to enter <br />upon, take control of or maintain the Property before or after giving notice of default to <br />Borrower. However, Lender, or Lender's agents or a judicially appointed receiver, may do so <br />at any time when a default occurs. Any application of Rents shall not cure or waive any <br />default or invalidate any other right or remedy of Lender. Thls assignment of Rents of the <br />Property shall terminate when all the sums secured by the Security Instrument are paid in <br />full. <br />H. CROSS -DEFAULT PROVISION. Borrower's default or breach under any note or agreement in <br />which Lender has an interest shall be a breach under the Security Instrument and Lender <br />may invoke any of the remedies permitted by the Security Instrument. <br />BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this <br />1-4 ily I�i¢ef. v <br />.1%-gY G <br />�(n 04/08/2020 (Seal) <br />Lon GL Mullan y <br />by Michelle L. Powers, Attorney in Fact <br />-Borrower <br />�—i�yJ08/2020—(Seal) <br />Michelle L. Powers -Borrower <br />MULTISTATE 1-4 FAMILY RIDER -Fannie Mae/Freddie Mac <br />UNIFORM INSTRUMENT lil II�I��III � 1�I�IIIIIIIJ181104111 IllllIl ����I1II <br />Bankers SystemsTk/MPWolters Kluwer Financial Services803448313861 0371 6 <br />Form 31701/01 <br />VMP57RA (1411).00 <br />Page 3of4 <br />
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