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<br /> � 97-�w �108a'7 ���
<br /> of the Collateral. unless expressly permitted by the L.�an Agrcement or unless the prior written �` s��°
<br /> -����'•�'•' �� consent of Lender is obtain�d(which consent may be withheld with or without cause in Lender's
<br /> f•�"� discretion). Notwithstanding the foregoing,the deed of trust or other pledge or assignment of the - -
<br /> :�n�� Collatcral in favor of Sterling House Corporatlon shall not be deemed to constitute an Event of
<br /> Default so long as said mortgage or other pledge or assignment shall be subordinated pursuant to �
<br /> . a subo*dination �greement acceptable to Lender and so long as Sterling House Corporation ---
<br />" complies with such subordination agreement.
<br /> �-: . 3.02 Acceleration of MaturItv. If an Event of Default shall have occurred, then the �'4��.
<br /> entire Loan Obligations shall, at the option of Lender, imrnediately become due and payable -
<br /> � without notice or demand,time being of the essence of this Decd of Trust, and no omission on the
<br />-, part of Lender to exercise such option when entitled to do so shall be construed as a waiver of
<br />-_ � such right.
<br /> . �
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<br />. 3.03 Ri�ht to Enter and Take Possession. -
<br />.� � . (a) If an Ev�nt of Default shall have occurred, Borrower, upon demand of �
<br /> � Lendex, shall forthwrth surrender to L.ender the actual possession of the Collateral and, if and to
<br /> the extent permitted by law, Lender itself, or by such officers or agents as it may appaint, may
<br />=�{�'� enter and take possession of all ar any part of die Collateral without the appoinunent of a receiver
<br />- -------- �r an app�icat��n �1P.TP.f(�T� an� may P���»dP PQrr4�!►ei� an� is� ?;en�s an! PITI�I(1yPPS 1Nh���V
<br /> ,-
<br /> ,. � therefrom, and take p�ssesslon af the books, papers and accuunts of Borrower;
<br /> �.., ....
<br /> (b) If Aonower shall for any reason fail to surr�nder or deliver the Collateral -
<br />:; or any part thereof after such demand by Lender, Lender may obtain a judgment or decree �-
<br />'s� � �� conferring upon Lender the right to immediate possession or requiring Bonower to deliver
<br />_- ' immediate possession of the Collateral to Lender. Bonower will pay to Lender, upon demand,
<br />�:.;,;�,„z, aIl expenses of obtaining such jndgment or decree,including compensation to Lender,its attomeys �_
<br />` and agents� and all such expenses and compensation shall, until paid, become part of the Loan -
<br /> = • •� • Obligations and shall be secured by this Deed of Trust; u:�_
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<br /> : , ,.� (c) Upon every such entering upon or taking of possession, Lender may hold, ��
<br /> store,use�operate,manage and control the Collateral and conduct the business thereof, and, from `�'�
<br />- ..r_� time to time (i) make all necessary and proper maintenance, repairs, renewals, replacements, -:_
<br /> additions,betterments and improvements thereto and thereon and purchase or otherwise acquire �;_
<br /> _ , , additional Fixtures,personalty and other properry; (ii) insure or keep the Collateral insured; (iii) �;`:
<br /> �_ -
<br /> - �� ' manage and operate the Collateral and exercise all of the rights and powers of Borrower to the - -
<br /> � same extent as Borrower could in its own name or otherwise act with respect to the same; and(iv) �'` .
<br /> ' enter into any and all agreements with respect to the exercise by others of any of the powers herein �.�"�'3"=-
<br /> grante�to Lender.all as Lender from time to time inay determine to be in its best interest. Lender
<br /> _ may collect and receive all the rents� issues, profits and revenues from the CoUateral, including
<br /> those past due as well as those accruing thereafter, and, after deducting(A)all expenses of taking,
<br /> holding, managing and operating the Collateral (including compensation for the services of all
<br /> as�seaa 13
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