|
� . ��14�1949
<br /> , �
<br /> 'WARRANTIES. ��•an�v�•, f�r i�self, ��s he�rs, pers�nal rep�•esentatives, suc�ess�rs, and assigns, represents,
<br /> . warran�s,covenants and agrees wi�h L�nder,i�s success�rs and assigns,as f�11�v�s: :
<br /> p�rformance of �b�igations. �rantor prom�ses �� perfnrm a��'�erms, c�nditions, and co�enan�s �f�h�s
<br /> Security Instruvment and Rela�ed Dvcuments�n acc�rdance�ith the terms cvn�ain�d�here�n.
<br /> Defense and.Title to Property:At�be time uf e�e�utian and deliver��f this�nstrumen�,Gran�ar is lawful�y
<br /> se�sed af�he esta�e hereby c�nveyed and has�he exclusi�re right t� m�r�gage, grant, con�ey and ass�gn the
<br /> Prap�rCy.Crantor covenants tha�the Pr�per�y is unencumber-ed and fiee of all liens,exce�t for encumbrances
<br /> of record acceptab�e to Lender._Fur�her, Gran�or co�renants �ba� Grantor v�il� �a�ran� and defend general�y
<br /> the ti�1e t� �he Proper�y aga�ns� any and a�l clairns and demands �hatsoe�rer, su�j ect t� the easements,
<br /> restric�i�ns, ar o�her encumbrances af record acceptab�e tu Lender, as may be Iisted in the schedule of
<br /> e�cept�Qns to ��verage: in any abstract vf tit�e or.title insurance p�lic� insur�ng Lender's �nterest in �he
<br /> Pr�perty.
<br /> ��nditian af Prap�rty. Gran�ar promrses a� all t�mes �o preserve and to main�a�.n.�he Proper�y and ever�
<br /> par�thereof in good repair,,�v�rking.order, and condx�ian and v�il� fram�une ta tim�, make a�I needful and
<br /> proper repairs s��hat�he value of�he Prop�rCy shal�n�t�n any wa�be impaired..
<br /> Remo�a� of any part of th�Propert�. Grantor pronuses nat�a remo�e any pa�-� of�he Propexty fr�m rts
<br /> present�ocatxon,e�cep�_for rep�ac�ment,ma�ntenance a�nd:re�acation in�1xe�rdinary cvurse�f business.
<br /> Alteratians to the Property. Gr.ant�r pr�m�ses to a�stain. fiom the commissi�n af any Vvaste an flr in
<br /> c�nnec�ian vsrith the Property.Fur�her,Gran�or sha�1 make na ma��rial a��era�ions,add��ians�r impr��remen�s
<br /> of any type wha�saever�o �he Pr�per�y, regardiess of�hether such a�teratians:, additions or vnpr�vements
<br /> vv�uld increase �:he value �f�he Propei-ty, n�r permit any�ne to �o so e�cept f�r tenant impr��emen�s and
<br /> ��mp�etion of�tems pursuant�fl approved plans and specificat�ons, v�i�hout Lender's pri�r�r�tten consent,
<br /> �rhich cansen� may be wi���e1d by Lender in i�s�so�e d�scre�ion. Grantor �ill ��mp�y with al� Iav�rs and
<br /> regula�ions�f a11 pub��e au�h�rities hav�ng j_urisd�ct�on over the Propert�including,vvi�hou�1i_mi�ation,those
<br /> r��ating to the use, ��cupancy and maintenance thereof and sha11 upon reques�promptly suhmi�to Lender
<br /> evidence�f such�compliance. ' � �
<br /> , ,
<br /> Due on Sale�-Lender's Cnnsent.Gran�or sha�i not sell,ftu�her enculnber or ather�vxse dispase.of,e�cept as
<br /> here�n pr��ided, any or a11 �f i�s interest in an�r �ar� of or aI� of�he Pr�perty vUi�haut first ��Otain�ng the
<br /> v�rr�t�en consen� of Lender. If any encumbrance, 1ien, transfer or sa�e �r agreement for these is crea�ed,
<br /> Lender may dec�are immediatel�due and payab�e,the entire�balance of the Indeb�edness.
<br /> ,
<br /> In�urance.Gran�o�pramises ta keep:the Property insured against�such risks and in such form as may v�i�hin
<br /> the sole discretion of Lender be accep�abl�, causing Lender�t� be named as loss payee �r �f reques�ed by
<br /> Lender, as martgagee. The �nsuranGe c�m�any sba�l be chosen'hy Gran�ar subj ect tv Lender's appr�val,
<br /> v�hi�h shali nat be un�-�asonab�y vv�thheld. A�� insurance pn�icies must pr�vide �hat Lender �tr�ill get a
<br /> minimum of lU days no�ice prior�o can�el�ati�n.At Lend�r's dis�ret�an,Grantor ma�be required to produce
<br /> receipts af paid prexniums and renewal palicies�.If Gran�ar fails to obta�n the requ�red coverage,Lender ma�
<br /> d�sv at Grantor's e�pense.Gran�or hereby du ects e,a�h arid eve�y�surer of the Pr�per�to make payment of
<br /> I�ss to Lender vv��h�he�roceeds to be a�pl�ed, onl�a�Lender's aptrvn,�a the re�air and replacement of the
<br /> damage or�uss�r��be appl�ec����he Inde�tedness vv��h�he surpl�s,�f an�,to be paid by Lender t�Gran��r.
<br /> Payment of Taxes and �th�r App�icabxe Charges. Grantor pr�mises t� pa�r and to d�scharge liens,
<br /> encumbrances,�axes,assessmen�s,lease pay�tnents and any other charg�s relating to the PrvperCy when�evied
<br /> �r assess�d agall�st�ran��r�r�he Fr�per�.
<br /> �nvironmental; LawS and I�azard�us or Toxic- Materials. Grantor and ever�r tenant ha�e been, are
<br /> present�y and shall c�ntinue to be in stric� com��iance v�r�.�h any app��ca�ble Ioca�, sta�e and federal
<br /> �nvir�nmental laws and regu�at�ons.Further,nei#her�rantor nor any tenant sha�l manufacture,store,handle,
<br /> d�scharge or d�sp�se ��hazardous or t��xc ma�eria�s as may be d�fined b� an� state vr federal Iaw �n the
<br /> Praperty, except to the e�:ten� the existence of such maferia�s has been presen�l� d�sc�osed �n�riting t�
<br /> Lender. Grant�r will unmedia�e�y notify Lender in�rr�ting of any asse��i�n or cl�aim made by any par�y as ta
<br /> �he p�ssib�e violation of appl�cable s�at� and fedex aX environmental Iaws �ncluding �he I�cat�on �f any
<br /> hazardous or toxic ma�erials on or about�he Property. Grantar indemnifies and holds Lender harrnless frvm,
<br /> v�i�hout�imitation, any�iability or expense of v�hatsoever nature xncu��ed direc��y �r indirec��y out of or in
<br /> �annec��on vvi�h: [a}an�env�ranmen�al�av�rs affecting a�1 or an}�part vf the Propert�or�rantvr;(b�the past,
<br /> present or fut�ire e�is�ence of an}r hazardous ma�erials in, on, under, abvut, �r emanat�ng from nr pass�ng
<br /> �hraugh the Pr�perty �r an� par� thereof�r an� �r�perty adj acent �here�Q; �c� an� pas�, present �r future
<br /> hazardous a�tivily at �r�n connection witlz th�Praper�y or any part�hereof; and [d} �he nanc�mp�iance by
<br /> �ran�ar or Gran�or's fa�lure to camp�}�fully and time�y�i�en��r�nmen�allaws.
<br /> �'inane�a�Inf�rmation.Grant�r ag�-ees t�supp�y Lender such financial and o�her�nformation concerning i�s
<br /> affairs �and the s�atus af any af��s asse�s as L�nder, from t�me to time, ma� reasonab�y request. Grantor
<br /> fur�her agrees tQ perm�� Lender �o �erify acc�un�s as vve�� as t� xnspect, c�p� and t� exam�ne the books,
<br /> recflrds and��es af Grantor.
<br /> Lender's Right-t�Enter.Lender or Lender's agen�s shall have�he right and a�cess to inspect�he Proper�y at
<br /> aii reas�nable ��mes in order �o at�end �a Lender's interests and ensure c�mplian�e wi�h �he terms �f this
<br /> Security Instrumen�. If�he Pro�erty, or any par� �here�f, shall require inspect�on, repa�r or mainfenance
<br /> which Gran�or has faiied��pro��de, Lender, after reasonable n����e, ma� en�er upan the Property ta effect
<br /> ,
<br /> 9 2U0�-2UI3 C�mgliance Systems,Ino.CBAE-3737-2413L2.a.E1.555
<br /> Commercial Real Estate Security Tnstn�ment-17IA0�7 Pagc�vf S www.cQmplian�esystems.com
<br />
|