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CONDEMNATION. Grantor shall give Lender notice of any action taken or threatened to be taken by private or
<br />public entities to appropriate the Property or any part thereof, through condemnation, eminent domain or any
<br />other action. Further, Lender shall be permitted to participate or intervene in any of the above described
<br />proceedings in any manner it shall at its sole discretion determine. Lender is hereby given full power, right and
<br />authority to receive and receipt for any and all damages awarded as a result of the full or partial taking or
<br />appropriation and in its sole discretion, to apply said awards to the Indebtedness, whether or not then due or
<br />otherwise in accordance with applicable law. Unless Lender otherwise agrees in writing, any application of
<br />proceeds to the Indebtedness shall not extend or postpone the due date of the payments due under the
<br />Indebtedness or change the amount of such payments.
<br />GRANTOR'S ASSURANCES. At any time, upon a request of Lender, Grantor will execute and deliver to
<br />Lender, and if appropriate, cause to be recorded, such further mortgages, assignments, assignments of leases and
<br />rents, security agreements, pledges, financing statements, or such other document as Lender may require, in
<br />Lender's sole discretion, to effectuate, complete and to perfect as well as to continue to preserve the Indebtedness,
<br />or the lien or security interest created by this Security Instrument.
<br />ATTORNEY - IN - FACT. Grantor appoints Lender as attorney -in -fact on behalf of Grantor. If Grantor fails to
<br />fulfill any of Grantor's obligations under this Security Instrument or any Related Documents, including those
<br />obligations mentioned in the preceding paragraph, Lender as attorney -in -fact may fulfill the obligations without
<br />notice to Grantor. This power of attorney shall not be affected by the disability of the Grantor.
<br />/DEFAULT. Upon the occurrence of any one of the following events (each, an "Event of Default" or "default" or
<br />"event of default "), Lender's obligations, if any, to make any advances will, at Lender's option, immediately
<br />terminate and Lender, at its option, may declare all indebtedness of Grantor to Lender under the Indebtedness
<br />immediately due and payable without further notice of any kind notwithstanding anything to the contrary in the
<br />Indebtedness or any other agreement: (a) Grantor's failure to make any payment on time or in the amount due; (b)
<br />any default by Grantor under the terms of the Indebtedness; (c) the death, dissolution or termination of existence
<br />of Grantor or any guarantor; (d) Grantor is not paying Grantor's debts as such debts become due; (e) the
<br />commencement of any proceeding under bankruptcy or insolvency laws by or against Grantor or any guarantor or
<br />the appointment of a receiver; (f) any default under the terms of any other indebtedness of Grantor to any other
<br />creditor; (g) any writ of attachment, garnishment, execution, tax lien or similar instrument is issued against any
<br />collateral securing the loan, if any, or any of Grantor's property or any judgment is entered against Grantor or any
<br />guarantor; (h) any part of Grantor's business is sold to or merged with any other business, individual, or entity; (i)
<br />any representation or warranty made by Grantor to Lender in the Indebtedness or any financial statement
<br />delivered to Lender proves to have been false in any material respect as of the time when made or given; (j) if any
<br />guarantor, or any other party to any Related Documents in favor of Lender entered into or delivered in connection
<br />with the Indebtedness terminates, attempts to terminate or defaults under any such Related Documents; (k) Lender
<br />has deemed itself insecure or there has been a material adverse change of condition of the financial prospects of
<br />Grantor or any collateral securing the obligations owing to Lender by Grantor. Upon the occurrence of an event
<br />of default, the entire principal sum remaining unpaid hereunder, together with accrued interest, may be declared
<br />immediately due and payable at the option of the Lender. In addition, Lender may pursue any remedy available
<br />under the Indebtedness, at law or in equity.
<br />REMEDIES ON DEFAULT. Upon the occurrence of an Event of Default, Lender may, without demand or
<br />notice, pay any or all taxes, assessments, premiums, and liens required to be paid by Grantor, effect any insurance
<br />provided for herein, make such repairs, cause the abstracts of title or title insurance policy and tax histories of the
<br />Property to be certified to date, or procure new abstracts of title or title insurance and tax histories in case none
<br />were furnished to it, and procure title reports covering the Property, including surveys. The amounts paid for any
<br />such purposes will be added to the Indebtedness and will bear interest at the rate of interest otherwise accruing on
<br />the Indebtedness until paid. In the event of foreclosure, the abstracts of title or title insurance shall become the
<br />C12004-2013 Compliance Systems, Inc. 26c0947f -c4b 119b0 -
<br />2013L2.0.EI.647
<br />Commercial Real Estate Security Instrument - DL4007
<br />201309245
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