� . � - � � � � � � � ��14�195�
<br /> su�h ob�igati�n; and the c�s� �hereaf sha�l be added �� �he �ndeh�edness and paid an Lender's demand b
<br /> Y
<br /> C ran�flr. �
<br /> ASSIGNMENT U�LEASES AND RENTS. As add�t�onaX securxty far�he paymen�of the Indeb�ed�aess and t e
<br /> h
<br /> perfarman�e of�he �ovenan�s, conta�ned herein, Grantar h�reby ass�gns and transfers over ta Lender aI� rents
<br /> incnme and profits ���Ren�s'�} under any presen� or�future �eases, subieases ar �i�enses af the Pro er .includin �
<br /> any guaxanties, ex�ens�ans, amendments ar�rene�vais the- p �? g
<br /> . �enf, fram the use �f�he Property. So ��ng as Grantor �s
<br /> no�in defauxt, Gran��r may rece�ve;col�ec�'and enj oy aIl Rents accr�ing frflm�he Prup�rty,bu�no�m�re than❑ne
<br /> m�n�h �n ad�ance of fhe due d�.�e:Lender�nay�a�sv require �ran��r,tenant and.a��y o�her user af the Pro e� �o
<br /> make payments vf Ren�s directl �o Lender.Havvever b re� ' � �
<br /> , Y , y e�vang any such pa�men�s,Lender���s nat,and sha�I nat
<br /> be consxdered,an agen�far any pa�-�y or�nti�.Any am�un�s co�iec�ed ma�, at Lender's so�e d�scre�i�n be a iied
<br /> a pp
<br /> tfl prote�t Lender's in�eres� in �he Propez-ty, �nc�uding but not �xmited .t� the payment af�a�es and i.nsurance
<br /> premiums and to the Indeb�edness. A� Lend�r{s sa�e.d�scre��on, a�i=Ieases, subleases and Iicenses must first be
<br /> approved b�Lender. i _ _. � � �:, . , � � �-
<br /> . . �
<br /> �UNDEMNATI�N. �ran��r sha��g��e Lender.no�zce nf an .actian�aken or�hrea�ened ta be�
<br /> Y ak�n by pr��ate or
<br /> pul��ic en��t�es�a appropr�ate�he Property or any par�thereof,�hrough condemna�ion ezninen�domain ar an �
<br /> � y o her
<br /> a��ian. Fur�her,Lender shal�be perm�tted t�par��cipate Qr in�ervene in any af tl�e abvve desc�-x�ed roceed"u� s xn
<br /> P �
<br /> an�r manner i� s ha X i at.its so�e C�]5C1-e��on 'de�ermine. Lender is hereb y g i v e n f u�i p o w e r, r�g h� a n d a u t h o r i t y t a
<br /> r e c e�v e a n d r e c e i p�f o r any an d a i I damages a�ar de d as a resul�of�he fu��,vr par-�zal�ak�n.g or ap ra rxation and in
<br /> � P ,
<br /> its�sole dxscreti�n, ta apply said a�vards�o,the Indebtiedness,_�whether ar nat�hen. due ar a�her�iise in a�c�rdance
<br /> vv��h applicable Ia�. Unless Lender�o�herv�rse�agrees�iri�vriting, ax�y-appii.ca��on of r��eeds��a�he�Indebtedne
<br /> � 5S
<br /> shal� not e�tend or posipone the due da�e�af�he paymen�s due under the Indebtediless or claange��he�amoun� vf
<br /> such p ayments. . � � � ; : . � .. . . .
<br /> . , _ .
<br /> GRANT�R'S ASSURAN�ES. .�t any �une, upan a re uest of Lender �ran�or.v�z�l e�ecute
<br /> q � and del��er ��
<br /> _ Lender, and if approprza�e, cause�a be recorded, su�h further xnor�gages, ass�gxunen�s, ass�gnments of Ieases and
<br /> ren�s, secur�ty agreements, pledges, fnanc�ng s�at��nents, -vr such o�her d�cumen� as Lender may �require, in
<br /> Lender's sole discre�ion,�o eff�c�ua�e, complete and�o perfect as�e��as�o �ont�nue to reser�e�l�e�ndeb�edness
<br /> P ,
<br /> or the lien ar security�teres�crea�ed by�h�s Secur��r Ix�s�h ument. - �.
<br /> ATT�RNEY--IN�FA�T. Gran�or appoints Lend�r as attarney--in-fact on behalf af�r-an�or. If�ran�or fai�s ��
<br /> fulf 11 any af Gran�ar's abliga�i�ns u��.der;�his Secu�•�ty Ins�rumen� or any Reiated�D��uments, in�Iud�n �hose
<br /> g
<br /> oblxgations ment�oned in �he preceduag paragraph, Let�der as attorney--�n-fac�may fu.�fil� �he obliga�ions�vsr��hout
<br /> natice to Grantor.Th�s povver�f a�t�rney sha��no�be affec�ed by the disabil���f�he Gra�a.�or.
<br /> EV�N'I'S �F�DE�AT]LT. 'I`he.foX�fl�xng'even�s.sha�� cnns�ztu�e defaul�unde�-�hxs�,Sec�u i Instru
<br /> � t� ment �each an
<br /> "Even�af Defau�t"}: . � � - . : - - . .
<br /> �a) Fai�ure to make xequ�red paymen�s vvhen due under Indebtedness; :
<br /> �b) Fai�ure �fl perfonn or keep any�of t�le covez�ants of�his Se�urity Ins�ru�nen� ar a de:faul�under ariy of
<br /> �he Re�a�ed Docu�nen�s; � : �. � � . ,
<br /> �c}� The znak�ng �f any oral�ar�ritten s�atemen� or asser��on ta Lender�ha� xs false ar misleadin in an
<br /> � g Y
<br /> �ma�erial respe��by�ran��r o�•any person ob�iga�ed on the�ndebtedness;� , _ . � �
<br /> �d�. The death,�dissolu��on;i.nso�vex�cy, bankri�p�cy or=recei�vershYp proceedix�g of Grantor or of an� erson
<br /> �
<br /> �r en�ity ob��ga�ed on t�ae Indebtedness; - . - � - � . �
<br /> (e} Any assignmenti by Gran�or far�he�enef��of Grantor's cred���ars; � .
<br /> , �f� A ma�er�a� adverse change occurs in�he f nanciax condxtion,.ownersl�ip o�•manage�nen� af Gran�ar ar
<br /> .: any person obl�gatied�on the Indebte�ness;�r � . .
<br /> �g� Lendez-deems itse�f insecure for any reason wha�soe�er. - � � ,
<br /> REMEI]IES UN DEFAUL'�'. Upon �he'oc�urrence of an E�ien� af Defaul�, Lender ma w��haut d�mand ar
<br /> Y�
<br /> not��e,pay any�r aii�axes, assessm�n�s,pre�n�ums, and Xiens requ�red�a be paid by Grantor, effec�any Ynsurance
<br /> pruvrded f�r hereul,make such repairs, cause-�he.abstrac�s:.�f titi�e or��i��e�insurarice pal�cy and ta�h�s�ori�s of�he
<br /> Property to be certif�ed.�a da�e, or procure ne��abs�rac�s of�it�e or ti�1e-�Ynsuu ance�and�a�his�arzes in case�none
<br /> vvere furnxshed to ��, and procure�i�le rep�r-�s co�ering the Propex-ty, includi�ag surveys. The amounts paid��for any
<br /> such purp�ses v���I be added�o the Inde��edness and w�Il liear znterest a��he rate��uaterest ather��se accru�ng an
<br /> the Indeb�edness until paid. In �he �ven� of f�rec��sure, �he�abst�•acfs �of tYt�e ar t��1e insurarice shall becona.e.�he
<br /> property af Lender: A�� absi�-acts of�i�Ie, �i�Ie u�suran��, ta��his�o�-ies, surveys, and ather�.ocuments er�aYn�n �a
<br /> � . p g
<br /> �he Indeb�edness w�11 remain ix�Lender's passession.unti�the Indebtedr�ess�s paid in full. .
<br /> IN THE E�ENT�F THE SALE�F TH�S;PR�PERTY UNDER THE PRQ�EDURE F�R F�RECL�SURE�F
<br /> A SECL�R�TY INSTRUMENT BY ADVERT�SEME�TT,AS PR�VIDED BY APPLI�ABLE LA�,�R IN THE
<br /> EVENT LENDER E�ERCZSES ITS RIGHTS UNDER THE ASSI�NMENT �F L:EA�ES �.NI] RENTS, THE
<br /> LENDER SHALL PR�V�DE ALL STATLIT�R�LY RE�UIRED N�T�CES �F�SALE AND N�T.��ES �F
<br /> JUDICIAL HEA RIN�S BEF�RE LENDER E�ERCISES A.NY �F �TS RI�HTS UNI7ER THIS
<br /> INSTRLTMENT. � � � � � �
<br /> Upon the❑�currence of an Even�of DefauXt, Lender may, vvithou�not�ce un�ess re urred b Ia� and a�zts o t��n
<br /> q y � � �
<br /> declare-�he_entire Ind�htedness-due.and pa�abXe, as xt may elect,regardless af�he date or dates of�ma�urity there�f
<br /> and, if.permitted b�sta�e Ia�, �s au�h�rized and empov��red�o cause the Property to be so�d at pub�ic auc�ian, and
<br /> �o execu�e and deli�er to�he purchaser or purclaasers a�such saie any deeds of canveyance good and suff�cien�a�
<br /> la�,pursuan��v the statu�e in su�h:case made and pro�ided. The Trustee sha�I app���the pr�ceeds of�he Trustee's
<br /> sa�e, first, t�the casts.and expeY�ses of e�ercising the povver of sa�e and af the sa�e, �n�Iud�n.g t��e payment af�he
<br /> Trustee's fees actual�y incurred; secand, to paymen��af�he� obiiga��on�secured.b�.�he trus�.,.deed; �hu-d to �he
<br /> .. . . , . �
<br /> Q 2��4-2Q 13 CompGan�e Systems,Inc.CSAE-C iF�-�d t3L2.D.E 1.655 � . �
<br /> Cvmmercial Rea!Estate Security Instrument-DL��U7 . � � Page 3 vf S • • � � � � � • w�vw.cvrnpliancesystems.com
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