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<br />ASSIGNMENT OF RENTS
<br />Loan No: 101249944 (Continued) Page 3
<br />Other Defaults. Grantor fails to comply with or to perform any other term, obligation, covenant or condition
<br />contained in this Assignment or in any of the Related Documents or to comply with or to perform any term,
<br />obligatlon, covenant or condition conteined in any other agreement between Lender and Grantor.
<br />Default on Other Paymerns. Failure of Grantor within the time required by this Assignment to make any payment
<br />for taxes or insurance, or any other peyment necessary to prevent filing of or to effect discharge of any lien.
<br />False Stetements. Any wa�ranty, representation or statement made or furnished to Lender by Grentor or on
<br />Grentor's behalf under this Assignment or the Related Documents ia false or misleading in any material respect,
<br />either now or at the time made or furnished or becomes false or misleading at eny time thereafter.
<br />Defective Collateraltzatton. This Assignment or any of the Related Documents ceases to be in full force and effect
<br />(including failure of any collateral document to create a valid and perfected security interest or Iien) at any time and
<br />for any reason.
<br />Insolvency. The dissolution or termination of the Trust, the insolvency of Grentor, the appointment of a receiver
<br />for any part of Grantor's property, any assignment for the benefit of creditors, any type of creditor workout, or the
<br />commencement of any proceeding under any bankruptcy or insolvency laws by or against Grentor.
<br />Credhor or Forfeiture Proceedings. Commencement of foreclosure or forfeiture proceedings, whether by judiciel
<br />proceeding, self-help, repossession or eny other method, by any creditor of Grantor or by any governmentel egency
<br />ageinst the Rents or any property securing the Indebtedness. Thla includes e garnishment of any of Grantor's
<br />accounts, including deposit accounts, with Lender. However, this Event of Default shell not epply if there is a
<br />good feith dispute by Grantor es to the validity or reasonableness of the claim which is the basis of the creditor or
<br />forfeiture proceeding and if Grentor gives Lender written notice of the creditor or forfeiture proceeding and deposits
<br />with Lender monies or e surety bond for the creditor or forfeiture proceeding, in an amount determined by Lender,
<br />in its sole discretion, as being an adequete reserve or bond for the dispute.
<br />Property Damage or Loss. The Property is lost, stolen, substentielly demaged, sold, or borrowed against.
<br />Events Affecting Guarantor. Any of the preceding events occurs with respect to any guarantor, endorser, surety,
<br />or eccommodation party of any of the Indebtedness or any guarantor, endorser, surety, or accommodetion perty
<br />dies or becomes incompetent, or revokes or disputes the validity of, or liability under, any Guarenty of the
<br />indebtedness.
<br />Adverse Change. A material adverse change occurs in Grantor's flnancial condition, or Lender believes the
<br />prospect of payment or performance of the Indebtedness is impaired.
<br />Insecurity. Lender in good faith believes itself insecure.
<br />Cure Provisions. If any default, other than a default in payment is curable and if Grantor has not been given a
<br />notice of a breach of the same provision of this Assignment within the preceding twelve (12) months, it may be
<br />cured if Grentor, after Lender sends written notice to Grantor demanding cure of such default: (1) cures the
<br />defeult within fifteen (15) days; or (2) if the cure requires more than fifteen (15) days, immediately initiates steps
<br />which Lender deems in Lender's sole discretion to be sufficfent to cure the default and thereafter continues and
<br />completes all reasoneble end necessery steps sufficient to produce compliance as soon as reasonably practical.
<br />RIGHTS AND REMEDIES ON DEFAULT. Upon the occurrence of any Event of Default and at any time thereafter, Lender
<br />may exercise any one or more of the following rfghts and remed(es, in eddition to any other rights or remedies provided
<br />by law:
<br />Accelerate Indebtedness. Lender shall have the right at ita option to declere the entire Indebtedness immedietely
<br />due end peyable, including eny prepayment penelty that Grentor would be required to pay.
<br />Collect ReMs. Lender shall have the right, without notice to Grantor, to take possession of the Property and
<br />collect the Rents, including amounts past due end unpaid, and appty the net proceeds, over and above Lender's
<br />costs, against the Indebtedness. In furtherance of this right, Lender shell heve all the rights provided for in the
<br />Lender's Right to Receive and Collect Rents Section, above. If the Rents are collected by Lender, then Grantor
<br />irrevocebly designates Lender es Grantor's attorney-in-fect to endorse instruments received in peyment thereof in
<br />the name of Grantor and to negotiate the same and collect the proceeds. Payments by tenants or other users to
<br />Lender in response to Lender's demand shall satisfy the obligations for which the payments are made, whether or
<br />not any proper grounds for the demand existed. Lender may exercise its rights under this subperagraph either in
<br />person, by egent, or through e receiver.
<br />Other Remedtes. Lender shall have all other rights and remedies provided in this Assignment or the Note or by
<br />law.
<br />Electlon of Remedies. Election by Lender to pursue any remedy shall not exclude pursuit of any other remedy, and
<br />an election to make expenditures or to take action to perform an obligation of Grantor under this Assignment, after
<br />Grantor's feilure to perform, shall not effect Lender's right to declare a default and exercise its remedies.
<br />Attomeys' Fees; Expenses. If Lender institutes eny suit or action to enforce eny of the terms of this Assignment,
<br />Lender shell be entitled to recover such sum es the court may adjudge reasoneble as attorneys' fees at trial and
<br />upon any appeal. Whether or not any court action is involved, and to the extent not prohibited by law, all
<br />reasonable expenses Lender incurs that in Lender's opinion are necessary at any time for the protection of its
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