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200901647
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Last modified
3/5/2009 3:57:12 PM
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3/5/2009 3:40:55 PM
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DEEDS
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200901647
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<br />200901647 <br /> <br />constitute conclusive evidence that all responsibility for the operation, control, care, management <br />and repair of the Mortgaged Property is and shall be that of Borrower, prior to such actual entry <br />and taking of possession. <br /> <br />(d) Upon delivery of notice by Lender to Borrower of Lender's exercise of Lender's <br />rights under this Section 4 at any time after the occurrence of an Event of Default, and without <br />the necessity of Lender entering upon and taking and maintaining control of the Mortgaged <br />Property directly, by a receiver, or by any other manner or proceeding permitted by the laws of <br />the Property Jurisdiction, Lender immediately shall have all rights, powers and authority granted <br />to Borrower under any Lease, including the right, power and authority to modify the terms of any <br />such Lease, or extend or terminate any such Lease. <br /> <br />(e) Borrower shall, promptly upon Lender's request, deliver to Lender an executed <br />copy of each residential Lease then in effect. All Leases for residential dwelling units shall be on <br />forms approved by Lender, shall be for initial terms of at least six months and not more than two <br />years, and shall not include options to purchase. If customary in the applicable market, residential <br />Leases with terms of less than six months may be permitted with Lender's prior written consent. <br /> <br />(f) Borrower shall not lease any portion of the Mortgaged Property for non- <br />residential use except with the prior written consent of Lender and Lender's prior written <br />approval of the Lease agreement. Borrower shall not modify the terms of: or extend or <br />terminate, any Lease for non-residential use (including any Lease in existence on the date of this <br />Instrument) without the prior written consent of Lender. Borrower shall, without request by <br />Lender, deliver an executed copy of each non-residential Lease to Lender promptly after such <br />Lease is signed. All non-residential Leases, including renewals or extensions of existing Leases, <br />shall specifically provide that (1) such Leases are subordinate to the lien of this Instrument <br />(unless waived in writing by Lender); (2) the tenant shall attorn to Lender and any purchaser at a <br />foreclosure sale, such attornment to be self-executing and effective upon acquisition of title to <br />the Mortgaged Property by any purchaser at a foreclosure sale or by Lender in any manner; (3) <br />the tenant agrees to execute such further evidences of attornment as Lender or any purchaser at a <br />foreclosure sale may from time to time request; (4) the Lease shall not be terminated by <br />foreclosure or any other transfer of the Mortgaged Property; (5) after a foreclosure sale of the <br />Mortgaged Property, Lender or any other purchaser at such foreclosure sale may, at Lender's or <br />such purchaser's option, accept or terminate such Lease; and (6) the tenant shall, upon receipt <br />after the occurrence of an Event of Default of a written request from Lender, pay all Rents <br />payable under the Lease to Lender. <br /> <br />(g) Borrower shall not receive or accept Rent under any Lease (whether residential or <br />non-residential) for more than two months in advance. <br /> <br />5. PAYMENT OF INDEBTEDNESS; PERFORMANCE UNDER LOAN <br />DOCUMENTS; PREP A YMENT PREMIUM. Borrower shall pay the Indebtedness when due <br />in accordance with the terms of the Note and the other Loan Documents and shall perform, <br />observe and comply with all other provisions of the Note and the other Loan Documents. <br />Borrower shall pay a prepayment premium in connection with certain prepayments of the <br />Indebtedness, including a payment made after Lender's exercise of any right of acceleration of <br />the Indebtedness, as provided in the Note. <br /> <br />6. EXCULPATION. Borrower's personal liability for payment of the Indebtedness <br />and for performance of the other obligations to be performed by it under this Instrument is <br />limited in the manner, and to the extent, provided in the Note. <br /> <br />FANNIE MAE MULTIFAMILY SECURITY INSTRUMENT- <br />NEBRASKA <br /> <br />Form 4028 <br /> <br />11/01 <br /> <br />Page 9 <br /> <br />@ 1997-2001 Fannie Mae <br />
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