. . i . - - � � � � ��14�194�
<br /> , - . .
<br /> . . . . . � - � -
<br /> Lender's R�gh�t�En�er.Lender nr L�nder's.agen�s shali ha���he rxgh�and a�cess�o ins ect�he Pro er at
<br /> � � �
<br /> aX� reasonab�e �imes u� arder �a a�tend �a Lender's in�erests and ensure complxance wxth the �erxns of this
<br /> Se�urxty Instrumen�. If the Property, or any part thereaf; sha�I require �nspec�i�n, repair ar maintenance
<br /> � �rhich Gran��r�laas fai�ed to pr�vide,°Len�.er;'af�er reasanab�e na�ice,�may enter upon �he Pro e �v�effec�
<br /> P �5'
<br /> such abliga�ion.; and �he cos� thereaf sha�l be added to the Indeh�edness and pa�d �n Lender's demand b
<br /> �
<br /> Gran��r. � �
<br /> � ,
<br /> ASS�GNMEN'T UF•LEASES AND RENTS. As add��xnna�se�urx� for�he a �n�n�of�he Inde
<br /> �Y p � h�edness and the
<br /> perfarmance�af the �ovenan�s con�a�ned herein, Grai�tflr:h.ereby�,ass� s�and-t�ans�ers. a�er�o Lender
<br /> � aII rents,
<br /> income and pr-of��s �"Ren�s"� under any px-esen� or�fu�ure �eases, su��eases or �icenses af the Propei-Cy, inc�udin
<br /> �
<br /> any guaranties, e�tens�flns, amendmen�s ort renev�a�s�-th�reaf, from the use of the Praperty, Sa long a� Grantor is
<br /> no�in defaul�, Grant�r may rec�zve; col�ec�:and.en j qy a�l Ren�s�accruing from�he.Property, bu�nat m�re�han ane .
<br /> manth in ad�ance of�he due'date. Lender may also require Grantor, terian�and any�other user nf�he Pra e to
<br /> P �'
<br /> make payments uf Ren�s d�rec�ly to Lender:Hov�ever,by re�e�vi.ng any such�payments,Lei�der is no�,and sha1�no�
<br /> be cons�dered, an a�ent far any party or en�if.y.Any amoun�s collec�ed may, a�Lender's sole dzscretion;be a lYed
<br /> �P
<br /> t� pro�ecfi Lender's in�erest .in �he Property, inciuding bu��nat ��mi��d �o the payznen� of taxes and ins�.ut an�e
<br /> preini.ums and �� the Indeb�edness. A� Lender's so�e d�scretion, a�� �eases, subleases and �icenses mus� �irs� b�
<br /> appro�ed l�y Lender. : � � � � = . -
<br /> CaNDEMNATI�N. Grantor sha1��ive Lender not��e o�any a�tion taken or�hrea�ened���e�aken.�b ri�ate ar
<br /> Yp
<br /> public en�it�es tv app�rvprYa�e the Prape�-ty or an�.par�thereof,throu�]�condemna�ion,�eminent domain or any other
<br /> action. Fur�her,Lender sha�i�be perm��ted�a par�icipate�r.intervene in any of the above-desc�:ibed pr�ceed�n s in
<br /> � .
<br /> any manner it shai� at x�s sole d�s�re�ion ;de�ermit�.e: I�ender xs here�y gi�ren full po�er, rxgh� and au�har��.y to
<br /> recexve and recezp�for an�and a11 damages awarded as a resu�t of the fu�i ar partial taking or apprapria�ion and in
<br /> its sfl�e discretion, t� apply said av�rards to,�he Indeb�edness, v�rhe�her or no�then due or o�herwxse in acc��•danc�
<br /> with appl�cab�e la�. Unless Lender a�hervvise agrees xn v�riting, any appli�a��on of proceeds �o the Inde�tedness
<br /> sha�l no� extend ar postpone �he due da�e :of�he paymen�s due unde�•�he �ndebtedness or change the amount of
<br /> such payments. � - � .� � �
<br /> �RANTURtS ASSURAN�ES. A� any �zme, upon a re ues� of Lender Gran�or�will e�ecute an�
<br /> q a de�zver to
<br /> Lender, and if appr�pria�e, cause �o be recorded, su�h fu�-�her mor��ages, assignmen�s, assignmen�s of leases and
<br /> rents, security agreemen�s, pledges, f�nancxng s�a�ements, or such ather documen� as Lender ma re u�re in
<br /> � � q �
<br /> Lender's�s��e discre��on,�o effec�uate, c��np�e�e and�o perfect as we�i as�a�on�inue:�❑pr�serWe�he�nde�#edness,
<br /> or�he Iien or secu.r�t�in�erest crea�ed by�his Security Instrumen�. . . .
<br /> ATTa�tN�Y-IN-�ACT. Cran�or appain�s Lend�r as a�tarne �in--fac� on beha�f af Gran �
<br /> . Y . t�r. If Gran�ar faxls �o
<br /> fu�fi�� any of Grantor's obligat�ons under:�hxs Securxty �nstrumen� �r any Related�Dacuments inc�udin thase
<br /> � g .
<br /> ob��ga���ns men�ioned in�he preceding paragraph, Lender as atto�-ney--in-fa�� may fu�f 1� the obl�gations wi�h�u�
<br /> not�ce to Gran�or.Th�s power af attorney shal�not be affected hy the disa�i�i�y of�he Cran�or. �
<br /> EVENTS UF pEFAULT. The foilowing even�s sha�� cans�xtute.defaul�under�this �Securx In �
<br /> � ty strumen� �each an
<br /> ��Event of Defau��"�: �: � � . . �� , � � � . . - � . . �
<br /> �a} Failux e�o make requll-ed paymen�s v�hen c�ue under Indebtedne5s• � � � . � . �.
<br /> �
<br /> �b} Failure tfl perform ar keep any�of�he co�enants af�this Se�urity��ristrumen� or a�defau��under any af
<br /> - - � the Rela�ed�Docuznents; � � � . - � � � � � � � � = . . �� .
<br /> �c� The mak�ng of any�oral or�rr�tten s�atexnent or assertion to Lerider�that is fa�se�ar-misleadin �n an
<br /> � Y
<br /> ma�erial respec�by.Grantor❑r any person ob�i.ga�ed on the�ndeb�edness; . �. � �
<br /> �d� The dea�h, d�ssa�u�Yan, insol�ency,bankruptcy or receiversh�p praceedin�of Gran�or or of.any persfln
<br /> ar entity obXiga�ed on the Inde��edness; � � � � - ,
<br /> - �e} Any assignmen��y Grantor f�r�he�enefzt of Grant�r's credx�ars;
<br /> (f� A materia� adwerse change occurs;in the fnancia��cond��ion,:av�nersh�p ar management�af�ran�or pr
<br /> any person abligated�n�he Indeb�edriess;or . '. . . � �� � - � . � � � ' � .��� � �
<br /> �g} .Lender deems�tse�f insecure f�r an�y reaso���rha�soe�er. � �. . . � � � � -
<br /> . . ; . . . .. . . . . . . .
<br /> REMEDIES��N�DEFAULT: Up�n �he �a�ccurrence of an Everit af.Defau�t,-Lender ma -�vv�thout demand or
<br /> Y� .
<br /> not�ce,pay any or aXI taxes,assessments,premzums; and��ens required to be paid by�ran�or, effect an�xnsurance
<br /> pro�ided fur h�rein,mak�such repairs, �ause the abs�racts of���Ie or�x�le insurance pol��y and�a�h�s�ories❑f the
<br /> Pr�perty to be cer�ifed tfl date, or pr�cuz e ne�r abst�-acts of��i��e vr�i�Ie znsu.ran�e.and�ax�.h�stories �ri case none
<br /> v�ere furnished t� iti, and.prvcure��tle repor�s covering`�he�Property; including surveys. The.a�noun�s pa�d-for any
<br /> su�h purpvses wx�1 be added����h�Indebtedness axa.d w�I1 bear u�teres�a�the ra�e�f i��eres�atherv��se accruing an
<br /> the Indebtedness un�il paid. In the.even� of f�rec�osure, the abstrac�s of ti��e or����e insuran�e.sha�I b��fln�.e �he
<br /> properry af Lender. A�X abstracts.of ti�Ie, ti�Ie insuran.ce, tax h�s�or�es, sur�eys, and ather documents pertaitung�o
<br /> the Indebted.ness vv�I�.remain ua.Lender's passess�an untxi the Indebtedness is pazd in fuli. � �
<br /> IN.THE EVE�T�F THE SALE 4F TH�S:PR�PERT�UNDER THE PR�CEDURE F�R��F�RECL�SLIR.E QF
<br /> A SECURZTY 1NSTRUMENT BY ADVERTISEMENT.,AS PR��IDED.BY APPLICABLE LAW �R�N THE
<br /> �
<br /> EVENT LEN�]ER E�ERCISES ITS�RIGHTS UNDER THE ASSIGNMENT �F LEASES AND RENTS, THE
<br /> LENDER'SHALL PRQVIDE ALL STATUTQRILY.RE�T]�RED N4TICES �F�SALE AND N�TICES �F
<br /> �UDIC�AL HEARINGS BEF�RE LENDERI E�ER�ISES ANY �F �TS� RIGHTS� UNDER THIS
<br /> INSTRUMENT. � � � � .
<br /> . Up�n the occurrence.of an E�en�of Defau��,Lender.may, v��thout not�ce un�ess re uired b 1av�r and a�its a tian�
<br /> q � � � �
<br /> declare�the en�ire Indebtedness due a��d pa�able,�as_it may eiec�,regardless of�he da�e or dates flf ma�ur�ty�hereof
<br /> and,if permztted hy sta�e�avw, �s au�hvr�zed and empavvered��o_cause the Pr� erty�o be soid a� ubl�c auct�vn and
<br /> . � . � �
<br /> CS'�2DQ�-2U 13 Cvmplian�e Systems,Inc.CBAE-D93A-2Q 13L2.�.E 1.d55 . .
<br /> Cvmmercial ReaE Estate Security Instrument-DL4�07 f � Page 3�f S � � � � � . �www.campliancesystems.�om
<br /> . '
<br /> f . . � - ; ,
<br /> . �. , . . . .
<br /> . , �
<br /> , . . .
<br /> � .� . -
<br /> . � • � � . .
<br />
|