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91105945
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91105945
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Last modified
3/8/2012 4:21:23 AM
Creation date
10/21/2005 12:25:08 AM
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DEEDS
Inst Number
91105945
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� .� � . - _ <br /> _-�� .-�'~ . . ;i,%�..� <br /> .. � _ � _- - -- - - <br /> . � ,_ '�i�:--- <br /> � . .. � �. � ..... ,n. . . . . .. ...� .. . _.___.. .. ...� rs��.:_� _-._._.. �y - _- . <br />- a� �„� , . " ' , �'�� - <br /> .—_� . .� . . . �_.r,.. <br /> ► <br /> � <br /> — _ _ <br /> ltaiw untp(i)l.andor Iw given Bormwer noticc of defiult pu�uuu�t W p�ragraph 21 ot the 3ocudty inuiumeat nMi di) = <br /> __.__._ .._ : � <br /> l,rndc�r hss yiven notia to the ten�nHs)�t tha Ren�aro to ba paid to t.eedcr or L,enderl��en� 11�is�ui�ntrrat of�nq "' . <br /> con�titutes m absolute as�ignment end not an a�oignment for swWidonal�ecurtty ady. <br /> If l.erfda�lve�itotico of b�r.ach to Barower.(1)all Ra�u recxJvod by Bonowa ahall be heltl by Bamwer�ttwtee tor . <br /> dro benefit of Lender only�co be oppBed w Ux Rums�xurcd by the Security irudument;(ii)Lender�all be enlitla!to <br /> � - ' wllect and rocxive all of tha Renp of the Property:(lii)Bonowcr�grar thot each�enant of ttw Property�h�U pry�II Ra�t� <br /> ' due�nd unp�id to LerWer or Lender�a ngenls upon Lender�s written dem�nd to the tenanr(iv)unleu�pplic�ble law p�nvides <br /> otherwlco. dl Renta collated by Lender or Lender� agenb shwll be applied tirst w the costs of talcing canirol of�nd <br /> = managing the Ptoperty and collecdng Iho ltenw,includin�.but not limited w,attomey'�fas.receiver�i fas,premiurtu on <br /> roceiverit bonds.rt:pair and mai�tenance costs.inswwnee pnemiuma,t�ucee,assecsment�and other chargea on t�he Pmperty. <br /> and thai to the�ums secwed by the 3ecurity Inopumenr,l'v)Lender.I.ender'a agenta or any judiciu!ly appoi�ued rooeivet ' <br /> �hall be Ifable to account tor oNy�hose Ren�s actually rocelved;and(vi)Lender ehall ba entided to hp��e a t+axivec appobUed , <br /> to talcc posscsslon of and monage the Property And caliect the Rent�and profits derived from the Property without�ny <br /> — �howing as ro thB inadequecy of the Pr+uperty as security. <br /> If the Rents of the Property are ad sufficient to cover the casta of tAklog control of and menoging the Property and of <br /> collecting �he Rents eny funds expendal by Lender for such purposes cFwll bxome indebtedness of Borrower w Lenda <br /> �ecured by the Security Irwaument purouant to Uniform Covenant 7. . — <br /> �� Bomnwu represents And warrants that Borrower has not executed any prlor as�ignment of the Rentr w�d has not and w1U <br />_--- _ ___ � <br /> -� not pedorrn any act that would prevent Lender from axereising its rights under thia paragraph. <br /> l..ender,or Lenderk� ogenta or a Judicially appointed receiver, shall not be required to entcr upon, take contml of or <br /> ����'� m�intain the Property before or ofter giving notice of default to Borrower. However, Lender. or Lender'a agent� or a <br /> � -'--� judkially wppointed receiver�may do so at any dme when a default occurs. Any application of Rents shall not cu�or waiva <br /> _ <br />
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