201008471 - Laserfiche WebLink

Browse

201008471 Trusk, Lender's interest in the Property and rights under this beed of Trust, and Borrawer's obligation to pay the sums secured by this Deed of Trust, shall continue unchanged. Upan reinstatement by Borrnwer, this Deed of Trust and the obligations secured hereby shall remain fully effective as if no acceleration had accurred. However, this right ta reinstate shall not apply in the case of acceler�tion under paragraph 12 or 17. 20. Assignment of Rents; Appointment of Receiver; �.ender in Possession. As additional security hereunder, Borrower hereby assigns to Lender the rents of the Property, provided that Borrower shall, prior ta acceleration under paragraph 18 hereof or abandonment of the Property, have the right to colle�t and retain such rents as they become due and payable. Upon acceleration under paragraph 18 hereaf or abandonment of the Property, and at time prior to the expiration of any periad of redemption following sale of the Property, Lender, (in person, by agent, or by judicially appainted receiver) shall be entitled ta enter upon, take possession af, and manage the Property, and to collect the rents of the Property including thase past due. All rents cnllected by Lender or the receiver shall be applied first to payment of the costs of management of the Property and collection of rents, including, but not limited to, receiver's fees, premiums on receivers bands and reasonable attorneys' fees, and then ta the sums secured by this Qeed of Trust. Lender and the receiver shall be liable to account only for those rents actually received. 21. Reconveyance. Upon payment of all sums secured by this Deed of Trust, Lender shall request Trustee to reconvey the Property and shall surrender this beed of Trust and all notes evidencing indebtedness secured by this Deed of Trust tc� Trustee. Trustee shall reconvey the Property without warranty and without charge to the person or persons legally entitled hereto. Such person or persons shall pay all casts of recordation, if any. 22. Substitute Trustee. Lender, at Lender's aptian, may from time to time remove 1'rustee and appoint a successor trustee to any Trustee appointed hereunder by an instrument recorded in the c�unty in which this Deed of Trust is recorded. Withaut conveyance of the Property, the successor trustee shall succeed ta all the title, p�wer and duties conferred upon the Trustee herein and by applicable law. 23. SubJect to �irst Deed of Trust. This Deed of Trust is subject and subordina#e to the following mortgage: Subject to a Firs# Deed of Trust loan given on 11/10/2010 by April A Love Fee Simple , Qeed of Trust given to U.S. Bank Home Mtg-Final Doc . (the "First beed of Trust"). This Deed of Trust may not be foreclosed until such time as a foreclosure sale pursuant to the First Deed of Trust occurs. 24. Interest on Advances. The interest rate on advances made by Lender under paragraph 6 shall not exceed the maximum rate allowable by applicable law. 25. Nonrecourse. The abligation of the undersigned is nonrecourse, and Lender's sole recourse for payment of the Note shall be to the Property and other security provided for in the Note, and the Lender shall not be entitl�d to any deficiency after foreclosure of this Deed of Trust. 26. Request for Notices. 8orrawer requests that c�pies of the notice of default and notice of sale be sent to Borrower"s address which is the Property Address. NE Entry CostAsslstance Loan Deed of Trust 2200068229 Page '1of B 0204 (ECAMNE)