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201200662
<br /> not in defaulC,Grantor may receive,collect and enjoy all Rents accruing from the PropetCy,Uut not morc than one
<br /> month in advancc of thc duc datc.Lcndci may also rcquirc Grantor,tcnant and any other user of the Property to
<br /> make payments of Rents directly to Lender.However,by receiving any such payinents,Lendei is nol,and shall not
<br /> be considered,an agent fur aiiy party or cntity.Any amoui�ts collected may,at Lender's sole discretion,be applied
<br /> to protect Lender's interest in the Pmperty, including but not li�nited to the payment of taxes and insurance
<br /> preiniuins and to the Indebtedness. At Lender's sole cliscretion, all leases, subleases anci licenses inust first Ue
<br /> appro��ed by Lender.
<br /> CONllEMN9T10N.Grantor shall give Lender notice of any action taken or threatened to be taken Uy private or
<br /> public entities to appropriate the Property or any part thereof,through condeinnation,eminent domain or any other
<br /> action.Further,Lcndcr shall be permitted to pazticipate or intervene in any of the aboce described proceedings in
<br /> any manner it shall at its sole discretion determine. Lender is hereby given full power, right and authority to
<br /> receive and receipt for any aud all damages awarded as a result of the full or partial faking or appropriation and in
<br /> its sole discretinn,to apply said awards to the Indebtedness,whether or not then due or otherwise in accordance
<br /> with applicable law.Unless Lender otherwise agrees ui writing,any application of prnceeds tu tl�e IudeUtedness
<br /> shxll not extend or postpone the due date of the payments due under the Indebtedness or change the amount of
<br /> such payments.
<br /> GRANTOR'S ASSURANCES. At any Lime, upon a tequesC of Lender, Granmr will execute and deliver Co
<br /> Lender,and iP appropriate,cause to be recordetl,such further mortgagcs,assigmncnts,assignrncnts of]cases and
<br /> rents; security agreements, pledges, financing a�alemenls, or such other document as L,ender may reyuire, in
<br /> I,ender's sole discretion,tn effectuate,complete and to perfect as we-ll as to cont'tnue to preserce the Indebtedness,
<br /> oc the lien or security interest created by this Secuiity Instrmnent.
<br /> ATTORNEY-IN-FACT. Grantor appoincs Lender as attomcy-in-fact on behalf of Grantor, If Grantor fails to
<br /> fiilfill any of Grantor's obligations under this Security Inslrument or any Related Documents, including those
<br /> obligacions mentioned in the preceding paragraph,Lender as attorney-in-fact may fulfill the obligations�vithout
<br /> notice to Grantor.This power of attorney shall not be affected by the disahility of the Gramor.
<br /> EVENTS OF DEFAULT.The following events shall constitute default under this Security Instrument(each an
<br /> "Event of Default"):
<br /> (a) Failore to make required paymcn[s when due under Indebtedness;
<br /> (b) Failure to perform or keep any of the covenants of this SecuriYy Instrwnent or a default under any of
<br /> the Rclatcd Documents;
<br /> (c) The maidng of any aral or written statement oc asscrtion to Levder that is false or misleading in ai�y
<br /> material respecl by Urantor or any person obligated on the Indebtedness;
<br /> (d) The death,dissolution,insolvency,bankniptcy or receivership proceeding of Urantor or of any person
<br /> or entity obligaled un lhe lndebleciness;
<br /> (e) Any assignment by Grantor far the benefit of Grantor's creciitors;
<br /> (f) A material adverse change occuts in the financial condition,ownership or management of Grantor nr
<br /> any person obligated on the Indebtedness;or
<br /> (g) T.ender deems itself insccure for an}�rcason whatsoever.
<br /> RENI�DIF,S ON DEFAULT. Upon thc occurrcncc of an Event of Default, Lender may, without deinand or
<br /> notice,pa}�any ur all laxes,assessments;premiums,and liens required to bc paid by Grantor,cffcct any insurancc
<br /> provided ior herein,make such repairs,cause the abshacts of tille ot lille insuiance policy and tax histories of the
<br /> Property to be certified to daie,or procure new abstracts of title or title insurance aud tax histories in case nu�te
<br /> were furnished to it,and procure tidc reports covering the Property,including surceys.The amounts paid For any
<br /> sucl�purposes will be added to the Tndebtedness and will bear interest at the rate of interest otherwise accruing on
<br /> the Indehtedness until paid. In tlic evcnt of foreclosure, the abstracts of tide or tiCle insurance shall become the
<br /> properry of Lei�der.All abs�r;icts of title,title insurtince,tax historics,surve}�s,and other documents pertaining lo
<br /> the Indebteclness will reinain in Lender's pos'session unGl Lhe Indebtedness is paid'm fi�ll.
<br /> IN THE F.VF,NT OF THE SAL�OF THIS PROPERTY UNDER THE PROCEDURE FOR FORECLOSURE OF
<br /> A SECURITY INSTRUMENT BY nDVF,RTTSEMENT,AS PROVIDED BY AYYLICASLE LAW,OR IN THE
<br /> EVENT LEND�R EXERCISSS ITS RIGHTS UNDER THE ASSI['.NMF.NT OF LEr1SES A1�D RHNTS,THE
<br /> i.F.NDER SHALL YROVIDE ?,LL STATUTORILY REQUIRED N�TICES OF SAL� AND NO'f1CLS OF
<br /> JUDICIAL HEt1RINGS BEF�RE LENDER EXERCISES ANY OP ITS RIGHTS DNDER THIS
<br /> INSTRUMENT.
<br /> LJpon Yhe occurrence of an Event of Default,L,ender ma�,R�ithout notice unless required by law,and at ils np�ion,
<br /> declare the enLire IndeUtedness due and payablc,as it may elect,regardless of the date nr dates of maturiry thereof
<br /> aod,if permitted by state law,is autltorized and empowered to cause the Pxoperty to be sold at public aucfion,and
<br /> co execute and delivex to the purchaser or purchasers at such,ale any deeds of convcyance 000d aud sufficienL al
<br /> law,pursuant to the statute in such case inade and provided.The 1'tuslee shall apply the proceeds nf the Trustee's
<br /> sale,first,So the cosfs and expenses of exercising the power of sale and of the sale,including the payment of the
<br /> Trustee's Fees achially incurred; second, to payment of the obligation secured by the trust deed; third, to the
<br /> payment of junior Lrusl deeds,mort�ges,oi other lienholdexs and the balanec,if any, to thc pc�son oL persons
<br /> legally entitled thereto. The recitals in tl�e Trustea's cleed shall bc prima facie evidence of the [ruth of the
<br /> statements inade in it.If L,ender chooses to invoke Lhe power of sale,Lender or Trustee�vill pro��de notice of sale
<br /> pursuant co applicaUle law.Any such sale oc a sale inade pursuant to a judgment or a decree for the foreclosure
<br /> hereof may, ac the option of Lender, be madc cn masse. The couunencement oP proceedings [o Poreclose this
<br /> Security Instrument in any manner aulhorized hV 1aw shall he deemed as exercise of the aliove option.
<br /> CU 2004�lll�(:omplinnce Sysxme,Ir.c.F94�-442A-2010.0`365
<br /> Co�nnxircial Fenl Bstnic Security insirumenk DI_a007 1'sge 3 0-5 www.wmplian u�*ttcm.s.wm
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