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200806931
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200806931
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Last modified
8/12/2008 3:12:05 PM
Creation date
8/12/2008 3:12:03 PM
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DEEDS
Inst Number
200806931
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<br />. . <br /> <br />200806931 <br /> <br />AP# 4 0 1 - 2 0 0 8 - 7 4 <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-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 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 />A~E~~ <br /> <br />(SEAL) <br />-BORROWER <br /> <br />~ L)L )( illN-;J <br />TERESA K AVERY <br /> <br />(SEAL) <br />-BORROWER <br /> <br />(SEAL) <br />-BORROWER <br /> <br />(SEAL) <br />-BORROWER <br /> <br />MULTISTATE 1-4 FAMILY RIDER-Fannie Ma",Freddi. Mac UNIFORM INSTRUMENT <br />31701-4 FAM RIDER PG21/01 <br /> <br />Form 3170 1/01 (page 2 of 2 pages) <br />
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