� ��. � - ��14�1949
<br /> such abliga�Yon; and tihe cos� ther�of shal� be added �o �he In�eb�edness and a�d�an�Lender's d�
<br /> �ran�or.
<br /> p mand by
<br /> ASSI�NMENT QF LEASES AND RENTS. As addx�ional securi�y f�r�he paymen�of�he Indeb�edness and the
<br /> perfarmanGe af the co�enan�s c�n�ained �xere�n, Grant�r hereby assigns �and transfers over- �v Lender ali rents
<br /> income and pr�fits �"Rents"� under any presen�or future �eases, sub�eases or ]�censes of the Pro e in�Iud2n�
<br /> p �Y� �
<br /> any guarat��ies, ex�ens��ns, amendmen�s or renewals-�hereof; from �he use �f the Pr�perty. So Iang as Grantor �s
<br /> nat u�defaul�, Grantor ma�rece�ve,.col�e�t and enj oy.a��Rex�ts aGcrui�t�g fram the Property,but n�t more than�ne
<br /> mon�h in advan�e of�he due da�e. Lender may-ais�require.Gran�ar, tenant and an�:o�her user of�he Pro et ��
<br /> make payments of Ren#s directl �o Lender.Hovwever � re�e' ' p �
<br /> - Y . , y �ving a�y such payn�en�s,Lender�.s no�,and shal�not
<br /> he considered, an agen�for any,party.or en�xty.Any amaun�s co�le�ted may, at Lender{s so�e dzscre�ion �e a l�ed
<br /> ? Pp
<br /> ta pro�ec� Lender's rnferest in �he Property, including bu� n�� Iuaai�ed �o �he pa}�men� of�a�es and �nsu.rance
<br /> premxums and tfl �he�Indeb�edness. At Lender's�sa�e�d�screti�n,��a11� �eases, sul��eases and.l�censes must firs� be
<br /> apprflved by Lender: ; ' - - .. , . . . . � _ � . .
<br /> ��NDENXNAT�UN. �ran�or sha1�g��ve Lender nvtice af any ac��on:�aken ar�hr�a�ened�a be taken b r�vatie or
<br /> � : Y�
<br /> pubX�c en�xties to apprapr�ate�he Praperty or any par�there�f,�hrau h_condemtaa�ian em�nen�damain
<br /> � ,, or any ather
<br /> act�an. Fur�her,Lender sha�I�be permitted�o partixc�pa�e or ua�er�ene�n any af�he ab��e des�rxl�ed pra�eedings xn
<br /> any manner �t shal� af i�s sale dzscre�ian de�ermzne. Lender is hereby�g�ven fu11 p��er, righfi and au�hority t�
<br /> rece��e and recexpt f�r an�and a��damages av�arded as a result of#he full�r par��a�taku�g ar appropria���n and xn
<br /> its so�e d�scretion, �o app�y sa�d a�ards to'fhe �ndeb�edness, whether ar no��hen due �r ❑�herwxse in accordance
<br /> v�rith applicab�e �aw. unless Lender o�hervsrise agrees in��r�txng, any appl�catian af proceeds to the �ndeb�edness
<br /> shal� not extend or postpone �he due date,�f.�he.�aymet��s due under the Indeb�edness or change the amoun� af
<br /> such paymenfis. - _ . � . `. . � , � . �
<br /> GRAI�TTUR'S ASSURAN�ES. At any ��me, upon a request �f Lender, Gran�or�v�i�I e�ecu�e and de�i�e
<br /> r ta
<br /> Lender, and �f appr�pr�a�e, cause�a be rec.orded, such fur�her martgages, assign�nen#s, ass�gri�nents flf leases��and
<br /> rents, se�urity agreements, pledges, fnanc�ng statemen�s, or such a�her documen� as Lender may require, �n
<br /> Lender's sole d�scretzvn,�o effec�ua�e, c�mpie�e and�v perfect as�e��as fi�con.tinue��o reserve the Indeb�edness
<br /> P ,
<br /> or the lien�r secu.rity��erest cr�a�ed by�his Secur��.y Instrumen�. �
<br /> ATT�RNEY-IN-�ACT. Gran�ar app�in�s Lend�r as a�torney--in-fac��on b�half af Gran�or. If�rantvr faz�s �o
<br /> fulfil� any of:Gran�or's ab�iga�ians under;�his 5eccu��y Instrumen�, or any Re�ated�Documen�s, incXudv.a �h�se
<br /> g
<br /> o��iga��ons ment�oned u�.�he preceding paragraph, Lender as a�torney-�n-fac�may �ulf�I fhe ob��gatxons �vi�hou�
<br /> no��ce�o�ran�or.This power�f a�torn.ey shal�no�be affec�ed by�he disab�I��y�f the�ran�or.
<br /> EVEN'�'S UF DEFAULT. The.fa��a��n ,e�ents shall cons��tu�e defaul�unde ' '
<br /> g r thrs .Secur�t�Ins�r�unen� �each an
<br /> "Event of Defau�t"}: � � � . . � � - .
<br /> - � . � � � - . .
<br /> _ �a� Faz�ure to make�•equired payments v�hen due under Indeb�edness- - � � . �
<br /> �
<br /> � �b� Failure to�perfo�-m ar keep an� of�he�cv�enan�s��f�hYs 5ecurity Instrument�r a defau��under an af
<br /> the Rela�ed I7ocuments; � - - .: �
<br /> Y .
<br /> �c� The making af an� aral nr vt�-�t�en s�atemen��r asser�ion to�Lender���at is false or misleadin x.n a
<br /> g n�
<br /> mater�al respect by Gran�or or any pers�n��hligated un�he�Indeb�ediaess; �
<br /> �d} The death, dissolution, uaso�venc�,l�an�u uptcy�or recei�ership pro�eed�ng�f�ran�or or of any erson
<br /> p,
<br /> � or enti�y obliga�ed on�he Indeb�edness; � '. � �- �= -.� � .. . .
<br /> �e� Any ass�gnmen�b�Gran��r for�he benefit of Gran�ar's credi�ors; � � � �
<br /> . ��}. A ma�eria��adverse change occurs xn�he financia� condi��an,� a�rriershzp.ar Ynanage�nen� of Gran�or or
<br /> ..any person ob��ga�ed on-the�ndebtedness;flr . � . � �. �� � � : .
<br /> �g} Lender deems itself uasecure for any reason whatsae�r�r. �� . �
<br /> � REMEDIES �N DE�AULT. Upon �he ❑ccurrence of�an E�en� of Defaul� Lender rna withaut
<br /> , y, demand ar
<br /> no#�ce,pay any or aIi taxes, assessmen�s,p�em�ums, and Iiens rec�uired�o be pa�d by�Gran�or, effec�any insurance
<br /> prvvxded for herein,make su�h repairs, cause the absi�ac�s of titie ar t���e iuisurance o��c and�a.�h�stories�f�he
<br /> p Y
<br /> Proper�.y to be cer�ifzed�o da�e,�or procu�-e new abstrac�s�af��t�e or ti��e Ynsurance and�ax his�or�es �n case none
<br /> vvere furnished�a it, and procure��t1e repflr�s �over�ng'�he Prope�-t�, including sur�re�s. The�amaun�s paid for any
<br /> such purposes wi�l be added t�the.Indebtedness and w�IX bear�teres�a��he ra�e af ir��eres�o�ilerwise accruing on
<br /> �he Indeb�edness unt�� pa�d. In the e�ent of f�re���sure, the abstra�fs of t���e or�Zt�e i.nsuarance_sha1� become the
<br /> proper�y of Lender: A�� abs�racts of ti�Xe, ti��� insurance, tax h�s�ories, surveys, and other d�cumen�s erta�nin �o
<br /> � . �
<br /> the Indeb�edness��11 remain.ua.Lender's passession.untz�the��ndeb�edness is pa�d��fu��. � � �
<br /> IN THE EVENT�F THE SALE�F THIS;PR�PERTY UNI]ER THE PR4CEDURE.��R F�RECL4SURE
<br /> �F
<br /> A�SECURITY 1NSTRUMENT BY ADVERT�SEMENT,AS:PR�VIDED BY APPL�CABLE LA�LT,QR�N THE
<br /> EVENT LENDER E�ERCISES IT� RI�HTS UNDER THE ASS�GNMEN�' �F LEASES AND RENTS, THE
<br /> LENDER SHAI:L PR�VIDE ALL STATUT�RILY RE�tJ�RED.�N�T�CES �F SALE �AND N�TICES �F
<br /> J[JDI�IAL HEARINGS BEF�RE LENDER �:E�ERCISES ANY �� �TS RIGHTS LTNDER� THIS
<br /> 1NSTRLTMENT. � " � �
<br /> Upan the occurren�e of an E�ent of]]efauX�,Lender may,w��haut notice un�ess re u�red b �aw and a���s a tian
<br /> q �' a p z
<br /> declare�he entire Indebtedness due and payabXe, as i.�may elec�,regard�ess of the da�e-�r da�es.af matur�ty thereof
<br /> and,�f permrtted by s�ate�avw, xs au�hor�zed and empovver�d t�cause�he P�operty���e so�d a��publi�auc�ian,and
<br /> �� execute and.de�xver to the purchaser ar purchasers a�such sa�e any deeds flf.conve�an�e gnod and suffxcienti afi
<br /> �avw,pursuant to.the.s�a�u�e in such case made and pro��d�d..The Trus�ee shall apply:�he p�-Q�eeds of�he Trus�ee's �
<br /> sale, fzrst,to�he �os�s and expenses of e�e,rc�sxng the pa�ver af sa�e and�f the sa�e,�acludzng��xe paymen�❑f the
<br /> Trustee's fees ac�ually incux-red; second, �o payment of the ob�igatiox�. secured by the trus� deed; �hird, �o �he
<br /> C�ZU�4-2�I3 CampIiance Systems,Inc.CBAE-3737-2��3L�,O,EI.G55
<br /> Cammercia!Rea1 Estate Security Iristr�iment-DL4QD7 � �� � Page 3 af 5 � � . www.�ampliancesystems.�vm
<br /> � - ., r. . . ..
<br /> . ' � - � - � � . .
<br /> . ' . � .. � �
<br /> . . ; . .
<br />
|