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200206987
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200206987
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Last modified
10/29/2014 3:40:31 PM
Creation date
10/22/2005 8:58:42 PM
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DEEDS
Inst Number
200206987
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200206987 <br />B. USE OF PROI'LA I COMPLIANCE Wl I If LAW. Borrower hall not seek agree m nr <br />hands a chance In the use of die property or its inning classification, unless Lender has ngsed in willing <br />to the change. Borrower shall comply with all laws. Ordinances, regulations and rogoirements Of any <br />govchmenlal body applicable to the PI'Operty- <br />C. SUBORDINAI E LIENS. Except as pomorted by federal law, Borrower .shall not allow Imy <br />lien inf rior to the Seuunry Instrument to be pnttcted against the Properly without Lenders prior corium <br />pn'n isn <br />1). RENT LOSS INSURANCE. 11ornover shall m main insurance scatruL sat loss in addition <br />ro the other hazards Or which imorance Is required by Station 5. <br />F. "BORROWER'S RIGHT TO REINSTATE" DFLE I'ED. Section 191s deleted. <br />F. BORROWER'S OCCUPANCY. Unless l.endef and Borrower otherwise a it <br />� in willing, <br />Section 6 concerning Borrow ft Borrower's occupancy o he Property is deleted t <br />C. ASSIGNMENT Ole LEASES. Upon I enders owlue,t after defnilt, Borrower shall assign to <br />Lander all leases Of the Prolexty and all Ideality dopoeth, inside In comleeton with leased of the Pmpnrty. <br />Upon the i,eitiriant, L k ll laTe the fight be dlry extend or turmeric the existing l and it) <br />eute 11wletses L =d ve daehu'ou As tsch T this paragraph L, the word le" :I Ilmeare <br />execute <br />if the Smurity I ntl on I Iced Is on a learehold. <br />II_ ASSIGNMENT OF REfalto APPOINTNIVN'P OF RECEIVER: LENDER IN <br />POSS I(SS'ION. Borrower abnluely and uncondammil ly ong It and ti snorers no Lender all the rents and <br />s ( "Rents') Of tta Property, regardless of to wham tae Rents of the Property are payable. <br />Borrower mlhnrims Lender Or I.eodds aidenh, to collect the Rents, and Select that cosh tenant Of the <br />Property died p'. the Land Lender I_ chase s ityunts . lo Bushowen shall ICI the Rena <br />until U) Londe' has lesson It ter wer nonce of def-e lit pa's ant to SecfO h 2 of the aec ty Incoherent <br />and (it) Lender has grim notice to the Lena se) ties, the Ruha sic to be paid to Lrehdal or Lender '0 agent. <br />This assignment of Rena cnnatwtca an absolute ass onmentand not on assignment for additional security <br />only_ <br />It Lender gives notice encill f I under Borrower_ o all Reels to shed by Borrower shall be held by <br />BooOwer s melee for the l b etc of ct to C only. to he ccived to the sums is oft by Wu St. (ill) <br />IBnvmenp rte leader shall be conduct ha collect ands e all due and Rena of the Lender Lender of <br />colons upon that eachtenantmthe Propertyland, pay all Rents dueand claw to Lenderor Lender's <br />one upon Lender Ls con« of dement a the [emmq (iv) lied fi d to the a law provider' tunnel of all <br />Rena collateral by Lender w' Lender's agena shall he applied net to the curets of taking control Of and <br />Ding the Isruand col ludng,hc caur Including, buts limited w, attorney's fees, s, Igor', <br />Led. a Weni s Ni m charger hands, reran and annuitants psis, tdta a Security hnarMlenet, <br />v <br />tent, end other charges On the Prudery, and then ec live runts stela le No Seaarlry 011IN tonf, <br />Rents actually Lender's agena or vany judicially appointed receiver shall er liable appointed oi account for only scion <br />Rena achuay the Po: and (an Lender shall e is and m have a roeeiverm daintul w elks possession <br />of and n c the Property and collect the Rena and profit, Jenvrd from the property without wry <br />showing as to the inadequacy of the PI as sect ,try. <br />If the Bents of the Property ere not suf iciem m thus' the cons Of taking control ofand managing <br />the Property and of collecting the Rena out, funds expended by Lender for such purposes shall bewtmc <br />Indebtedness of Burrower to Lender inured by the Smurity Instrument purnaantto Section 9. <br />nonuseci represents and wallalls that harrower hs not executed any prior a stigma ant Of the <br />Iteoa and has not padorrnet, and wbl not refinery, any eel trot would prevent Lender from extncinia, its <br />rights tinder hh papa laph. <br />Lender. or Lender's agent, or a Judicially appointed occulter, shall not be required to enter open, <br />take control of nr maintain the Pmperry before Or offer levip, notice of default to BOrrowcr. Headset, <br />1-cider, or Lender't assets or a Judicially appointed receiver, may do so el any lime when a default <br />occur, Any application of Rena Shall not cure ov watvO any default or invalidate any other right or <br />MULTIS'La 1E Li FA 11111'Ii1DER -1'n nine Much mddie Ynv 1161 FORM INS IRUWENT Farm]I]01/01 <br />hiCl six tT ` pe ✓J Ya4ea) <br />I "X 11,11II Is <br />
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