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80002344
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Last modified
1/13/2010 5:07:48 PM
Creation date
1/13/2010 5:06:27 PM
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DEEDS
Inst Number
80002344
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~~ <br />the sums secured by this Dced of Trust shalt conbnue unimpaired. Upon such payment and cure by Barrgwer, this Deed of <br />Trust and ttie oh}igauons secured hetvtry shalt remain in full force and effect as if nn xccelcra;ion had occurred. <br />20: Assigeteeat o[ Reefs; AppoiMnxM of Receiver; Lender in Possesson. As additional security hereunder, Borrower <br />hereby assigns to Lender the rents' of the Property, provided that Borrower shall, prier to acceleration under paragraph 19 <br />hereof fir abandonment of the Ptaptrry, have the nght to collect and retain such rents as they became due and payable. <br />Upo ii-acce}eratidn-under paragraph 19 hereaf ar abandonment of the Progeny, Lender, in person. by agent or by <br />jttdicial y apptrinxed receiver; shall be entttled to enter upon; take possession of and manage the Property and to collect the <br />rents of tfte Property including these pas4due. All rents collected by Lender or the receiver shalt be applied first to payment <br />of the casts of management of the Property and cattectian of rents, including, but not limited to, receiver's ices, premutms <br />dri -receiver's tiatds and -reasonable attorney's fees. and then to the sums secured I;y this feed of Trust. Lender and the <br />receiver she#! be Fiabte7o account gntyfor those rents actually received. <br />21. PWare.Atilra[eea: Upon re uesraf Borrower, Lender, at Lender's option, prier to full recanceyance of the Progeny <br />by Trttstce to Bsttrowcr, may make Future Advances to Iorrower. Such Future Advattces, with intereu thereon, shall be <br />sicuted bythis<Doed of 'T'rent when evidenced by prgmissary notes stating that said notes are secured hereby. At na time shalt <br />tttie pritreipal am~wnt of the indebtedness soured by this Deed of Trust, not including sums advan 11n a:££ordance herewith <br />to protetttht secutuy of this Deed of Trust, exceed the original amount of the Note plus US 5 ~U. FLU...... - .. <br />22: Resvevtytttttta. Upon payment of all sums secured by then Decd of ?rust, Lender shall request Trustee to recgnvey <br />the Property and shall snrtender this Dyed of Trust and all notes evidencing indebtedness secured by this Decd of Tntst <br />to Trttstee: Trustee shalt €eeonvey the Property withaut warranty and without charge tq the persan or persons legally <br />entitled thereto. Satch.pet^sott at perstms shall pay alt costs of recordation, if any. <br />2]: 9siafMtse Ttrtttttittse. Lender, at Lender`s gpaon, nay :ram time ro time n:move Trustee and appoint a successor <br />trustee to ally Trusts appointed hereunder by an itturument recorded in the county in which this Deed of Tnisi is recorded. <br />Witttrwt tpttve}'ante of xhe Property, the stccessor trustee shalt succeed to ail the title, power and duties conferred-upon <br />the Tutee herein and by applicable law, <br />21. RagtKaf fr NaUess. Borrower requests that copies of the notice of default and neiice of sale be sam to Barrower's <br />addren whicK is tbt Property Address, <br />IN WITNESS WH£AEOF, Borrower has executed this Deed of Trttst_ <br />es/ ti. Stairs ~"=''"" <br />Sharon key Stairs -aa«a'.'"' <br />STl1TE t}F aF.Bxl+slaa3 <br />ss. <br />C'S33S3NTX iSF j?fl ; ~, J <br />The foregoing instrutttnnt mss aakrtovledgad before ~e this , .•^~'~~ ,day af. <br />. ~ .. =g Sf3 by Satnes -,D : Stairs, and, Sharan lay ,S!<a}rg,. lnpsbattd and Wife. <br />Grand Lsiand ~e~rasia <br />isitnesa ey hand attd =notarial seal at. r , <br />:r: said Cttuttty, *_he lots oforesaid. <br />Piatary Pu#zlie . <br />My ~ontenission ezFirest <br />.~~.,.~.:z t <br />r ~. <br />i. ;: - <br />t~'&a'f FoR ii£t'#3Ntt$YANCB <br />fi3 T3tOS1"P.~- <br />T:>,e utsdarsigaed is the holder of rite ;crate ar eaten secured by this Deed of Trust. <br />Sacd note or ttotaea, tggetiter ;.rit#a ail rather indebcedneas secured by this laced of Trust< <br />have iseep Faiif in tell. You are hereby 3irecred tsa rmatxcel said note or notes anfl this <br />D~iad ref 'trust: t~i.ah are delivered ineret+3:, and to reo:avey, without +arranty, all the <br />sscace txow held. b]± you under trtis ~d of Tzuai to :ne firer>an or persons legally entitled <br />itaireto.. <br /> <br />
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