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<br /> ` ° -" " " Leadez. The fror�qa�.ng �arr$ntie� �nd �ep�c�senta�i.one, an� .
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<br />_�;,�:._'.�.�s:= �� �ozrocser's Qbl�gatcio�s pvarsua�� to �he for�oinq iademnity. e4�a1�
<br /> :,�., u�: �� sarvive repapment of �he Note and the r�conveyance of �his Dsed ,y
<br /> N:�,` O� �'1118t• ' ��:.:.
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<br /> �-+��°:,.:t = 9. Assignment of Rents� Management o� ProPer�. Ar� �
<br /> ' `: ' ;.�`.` arlalitional secur�.ty hereun$e�c, �orrovrer iere y ass gt:e to Leazder 3�
<br /> -��� �he rents, issues and` profite of �he Propertp, providerl tha� :`��
<br /> ,=• Borroc�ex eha21, prior to accelexation under paraqrap� l I hereof ��.,
<br /> ,;��'�'�� o r a h a tt c l o n m e n t o f t h e P r a p e r t y, ,h a v e t t i e ri qht �c� collect aad. � '
<br /> .� ���' l .:� re�a3:n such rent�,. issues aaci profite as theX beaome dne �and pap- �;�,-
<br />;v�''�i���:,�;,�y abl:e�. tlpon accaleration or abandonm.ent �f the P�coperty, bender �F-_
<br /> .$'�;. 1,:}��,t��;, raay either in pensqn or bp aqent, a�ft� osc wf.thout bringinq aay , _--
<br /> F,,,;:;Lt� T ac��on or p�coaeeclinq, or h�r.a reeeiver appal.n�ed• b� a eonrt a�ad' L '-
<br /> .riSrti�.t,'%•�.;�: ;,:1 . � tsi��"11out.regard to the adequacp af_ �.�s. secur3�tYo .�a� upon an+d , �-
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<br /> � 4_;�; ,;� talc� poesession �g �he Propesty, �� a.ay par� t8e�o�� �u i�s oyn�;. _ -
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<br /> �h���^L uar���.or ia tbe a�+� of �he Tsns��o .aiad dv aay �i� �+�h�.ah ifi _ .
<br />_. , deeras necessar�r � desi�rable to pre���ec*e 8�.e� vatg2�p inarketability , _,_
<br /> _ � •'� or renta�a�ity af the Proper�y, or any �r� the��� or iaterest --
<br /> '�'.i.�:`'. ..,t:<::..;. �hereia, ,siacrea� tbe incon�e therefrom o1r .prdte�� the securi�y .
<br /> ,: u ,.'�,.�,,s hereof ana. wi��Ea .�� �without taking posasss3oa �� �he Property, _
<br /> sue for or oth�ise, collect the rents, issoies' �t�d prafits
<br /> '�:�:'°,` �hereof,• �clndiag those past due a�€d tuagaid, ana� app].p �he same, . --
<br /> �:` :T::�:'-r`.� � less cos��< ��nd expensea of operation andi:.-�ollection, in�lacling
<br /> ° : ` `k ` attarnegs".,:�ees, upoa aay indebtealness _s�cured herebp, .�,�.; in
<br /> �� ����' ' sv�� orc�:"as Lender tnap determineo � The eaterincg. upan a�cz3 takixtg. -
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<br /> �.;� '•`:t�`��'�°.:, pn��es�a�a� of the Property, the capIl�ec�ion of e��s settts, issue�
<br /> �.-�,::t>::-;'�'�.: and� p�a�� aad the appl�.cation therea��as afoz��fd� aha�l not� �. . . _
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<br /> • �� . �• � aure ar �va�3.ve atty defauZt or notice ofc z�Y�raa�ti� hereuader or
<br /> ��:�3�c����"�'� - invaliaa�.�?any. act dene in response to s�it�;.`�Eault or pursnant
<br /> �'"`'�`�"•` ��.•'.:��5 � to suah-nb�ice of, default and, no�f.heta���s:;� continuanas fn
<br /> . ` �ff, ` ���� � � possession af tl�°:�Psopesty or the coZlectiatt, 'a��ipt aad applica-
<br /> �• �``���, ``..` tian of seats. i��uea or profits, an8 Trm&��e anc'� Lender ghall l�e` . � _
<br /> �., .. - . , .
<br /> , ',��•.;.. ' entitled to esrerc��e every r�qht p�ovide�:;;�orc in anp .of �� Loari� . . --
<br /> " :� , Instrtuttents or by law ng�� occ�azremce ��.��ny Bvent of ��'ip�1ti,�; , ,.�, -`�
<br /> ' �� � in�lnd3ng, without limita�ivn, ths.:aric��a� �ra exeraiae �he �pi�weg c'a;� ;
<br /> - � sa�e. Fnrther, Lender's rig��s �i3;.���es �mder .this paragra�:;� __
<br /> �� .,�,�' 9 �shall be �ua►u�atine wfth. aag'�:•3:a�:`.�r �ap a limitatio�e bno -- -
<br /> ' �:: ..' 3,ender'a ��r,i�hte and remedies under a�y ���signmeat of I�ea�e8 and , �-
<br /> �� ' � Rents sec�ea�ded againa� the Proper�y. ��+�er, Truatee and the
<br /> '� ' ��.f'�.`,����';:"�+� � receiver shall be lial�le to accouAt onlp°�ar those r�nte ac�ually � .
<br />.. � ..� '�''ti��'' reasived � .
<br /> .. . . •
<br /> . � .:� .,};�`s: � 10. Svent� of Default. The� �ollaoainq sh�ll eona�itate .
<br /> � �' an� Event qf Default un er. s Deed of Trtas�s �'�
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<br /> �. �:�:�..: � �a? Faiiure to �g any inatallment of .. --
<br /> � . � prtreaipal ar interest or an�' ather sum secused hereby � -: ' �
<br /> � � � "� `` �when clue, or failuYe to pay cvhen due a�y o�her indebted- , •
<br /> ��� : ��� nea$. af Borrower to j,eadex� � � . �
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<br /> � ° t�s. A breacl� o£ or defanit under .any grovi- _
<br /> � . � .. ,� � sion can�ai��d 3.n the Note, �hie Deed of T�t�, any of �
<br />- . the Loan �nstruments, or any other emaumbaa�a t�pow ttae �
<br />_ ` .,.. �'�.1 �rag+asty, �gter giving e£fect to ar�� applicable �ce .
<br /> '�;� � perio8 contained thereint ,
<br /> � . .�� . ., ie) A �arit o!� e�ceaaaCion or atta��nt e�s auy
<br /> -- Qimiiar proceos ehall be e�atesed against B�xsa�er n�hiot� _-
<br /> � .� ehali become a li�z� on the Proge�rt� or a�y poz�3:an �
<br /> '. . � tihar�v£ or interc�s� thexeint � =
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<br /> � °��s���{ �:�. .� ; ta4 �nero e�ta2b h�r� ff�laea� by a� aqairiat =
<br /> � � ��'� "� Bo�ro�er a» actioa u�der aay �a���a3� or gutura fe�eral,
<br /> _ :: . �tato or other s�atu�e, Iaw os ���ctJtaEio� relating �o �
<br /> � • ,; .�..;, bankruptcy, insolveney oa othe� r��.�.ef for debtore� or �
<br /> •���� _ • tt►ere ahaii be appointed any trustee, receiver or _
<br /> ' � � liquidator of Borraooer� or of all or any past of �he ' -
<br /> . -� - - `� Propertp, or the rent�e, isaues .o� profi�s. theseof, or -
<br /> � �.. Horrovras shall make any goneral� ass3gtiment fo�c the _.
<br /> �,�• � .�� � . lsenefit og�cre�itoret
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