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200710163
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Last modified
3/4/2012 12:08:56 PM
Creation date
12/4/2007 3:15:54 PM
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DEEDS
Inst Number
200710163
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200710163 <br />DOC ID #: 00017171143508007 <br />maintenance costs, insurance premiums, taxes, assessments and other charges on the Property, and then to the <br />sums secured by the Security Instrument; (v) Lender, Lender's agents or any judicially appointed receiver shall <br />be liable to account for only those Rents actually received; and (vi) Lender shall be entitled to have a receiver <br />appointed to take possession of and manage the Property and collect the Rents and profits derived from the <br />Property without 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 />I. CROSS - DEFAULT PROVISION. Borrower's default or breach under any note or agreement in which <br />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 />BY SIGNING BELOW, Borrower accepts and agrees to the terms and provisions contained in this 1-4 <br />Family Rider. <br />r7 <br />r <br />MICHAEL S. BLAUSER <br />TRACI J. BLAUSER <br />(Seal) <br />- Borrower <br />(Seal) <br />- Borrower <br />(Seal) <br />- Borrower <br />(Seal) <br />- Borrower <br />-57R (0401).01 CHL (06/04) Page 3 of 3 Form 3170 1/01 <br />
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