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200704025
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Last modified
5/17/2007 4:11:28 PM
Creation date
5/17/2007 4:11:26 PM
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DEEDS
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200704025
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<br />200704025 <br /> <br />AP# 401-2007-41 <br /> <br />LN# <br /> <br />limited to, attorney's fees, receiver's fees, premiums on receiver's bonds, repair and maintenance costs, <br />insurance premiums, taxes, assessments and other charges on the Property, and then to the sums secured by <br />the Security Instrument; (v) Lender, Lender's agents or any judicially appointed receiver shall be liable to <br />account for only those Rents actually received; and (vi) Lender shall be entitled to have a receiver appointed to <br />take possession of and manage the Property and collect the Rents and profits derived from the Property without <br />any showing as to the inadequacy of the Property as security. <br />If the Rents of the Property are not sufficient to cover the costs of taking control of and managing the <br />Property and of collecting the Rents any funds expended by Lender for such purposes shall become <br />indebtedness of Borrower to Lender secured by the Security Instrument pursuant to Section 9. <br />Borrower represents and warrants that Borrower has not executed any prior assignment of the Rents and <br />has not performed, and will not perform, any act that would prevent Lender from exercising its rights under this <br />paragraph. <br />Lender, or Lender's agents or a judicially appointed receiver, shall not be required to enter upon, take <br />control of or maintain the Property before or after giving notice of default to Borrower. However, Lender, or <br />Lender's agents or a judicially appointed receiver, may do so at any time when a default occurs. Any application <br />of Rents shall not cure or waive any default or invalidate any other right or remedy of Lender. This assignment <br />of Rents of the Property shall terminate when all the sums secured by the Security Instrument are paid in full. <br /> <br />I. CROSS~DEFAUL T 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 may invoke any of the <br />remedies permitted by the Security Instrument. <br /> <br />BY SIGNING BELOW, Borrower accepts and agrees to the terms and covenants contained in this 1.4 <br />Family Rider. <br /> <br />t~LI <br /> <br />y-/s--07 (SEAL) <br />-BORROWER <br /> <br /> <br />5=5-c1S~) <br />-BORROWER <br /> <br />(SEAL) <br />-BORROWER <br /> <br />(SEAL) <br />-BORROWER <br /> <br />MULTISTATE 1-4 FAMILY RIDER-Fannl_ MaaIFnoddle Mec UNIFORM INSTRUMENT <br />3170 1-4 FAM RIDER PG2 1101 <br /> <br />Form 3170 1/01 (page 2 012 peges) <br />
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