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RecDoc 2002-064572
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RecDoc 2002-064572
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Last modified
4/25/2024 11:39:55 AM
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Recorded Docs
Recorded Docs - Type
Deed
Doc Num
2002-064572
Rec Date
4/3/2002
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receiver's fees, premiums on receiver's bonds, and reasomLbfe attorney's fees, and then to the sums secured by this <br />Security Instrument. The Agency and the receiver shall be liable to account only for those rents actually received. <br />The provisions of this paragraph and Paragraph 22 shall operate subject to the claims of prior lien holders, <br />25. Reconveyance. Upon payment of all sums secured by this Deed of Trust, the Agency will request <br />Trustee to reconvey the Security and will surrender this Deed of Trust and the Note to Trustee. Trustee will <br />reconvey the Security without warranty and without charge to the person or persons legally entitled thereto. Such <br />person or persons will pay all costs of recordation, if any. <br />26. Substitute Trustee. The Agency, at the Agency's option and upon providing written notice to the First <br />Lender, may from time to time remove the Trustee and appoint a successor trustee to any Trustee appointed <br />hereunder. The successor trustee will succeed to all the title, power and duties conferred upon the Trustee herein <br />and by applicable law. <br />27. Superiofty SuperiorityofFirst and -Second Lenders Documents. Notwithstanding anyprovision herein, this Deed <br />of Trust shall not diminish or affect the rights of the First Lender under the First Lender Deed of Trust or any <br />subsequent First Lender Deed of Trust hereafter recorded against the Deed of Trust. <br />28. Use of Property. Borrower shall not permit or suffer the use of any of the Property for any purpose <br />other than as a single family residential dwelling. <br />29. Transfer of the Property: Assumption. If all or any part of the Property or an interest therein is sold <br />or transferred by Borrower without the Agency's prior written consent, the Agency may, at the Agency's option, <br />declare all the sums secured by this Security Instrument to be immediately due and payable. <br />If the Agency exercises such option to accelerate, the Agency shall mail Borrower notice of acceleration <br />in accordance with Paragraph 22 hereof. Such notice shall provide a period of not less than 30 days from the date <br />the notice is mailed within which Borrower may pay the sums declared due, If Borrower fails to pay such sums <br />prior to the expiration of such period, the Agency may without further notice demand on Borrower, invoke any <br />remedies permitted by Paragraph 22 above hereof. <br />30, Borrower's Copy. Borrower shall be given a conformed copy', of the, Note and this Security <br />Instrument. <br />IN WITNESS WHEREOF, Borrower has exectuetlt&s De'd Of Trilst'as of the date first written above <br />and by so doing, Borrower accepts and agrees to the terms and covenants contained in this Security Instrument. <br />Bo ower l_K�trt✓I �� h <br />Co -borrower <br />iimuiiuuuuiumuuuiuuuuuiiiiiuiiiuii 20.emaro6.a�= <br />Redwood City First Time Homebuyer Silent Loan Program Deed of Trust April 23, 2000 <br />Page 7 <br />
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