|
��14��3��
<br /> pr�per�y of Lender.AlI abstracts of title,tit�e insurance,�ax his��ries, sur�e�s, and��her da cuments p er�aining ta
<br /> the Indeb�edness vv�l�remain�n Lender's possession untii�he Ind�btedness is paid in full.
<br /> Il�THE EVENT�F THE S�.LE�F THIS PR�PERTY UNDER THE PR�CEDURE F�R F�RE�L�SURE�F
<br /> A SECURITY INSTRUMENT BY ADVERTISEMENT,AS PR��IDED BY APPLI�ABLE LA�iT, �R IN THE
<br /> E�ENT LENDER_E�ERC�SES ITS RIGHTS UNDER THE ASS7�NMENT �F LEASES AND RENTS, THE
<br /> �ENDER SHALL PR��IDE ALL STATUT�l�ILY REQUIRED N�TrCES �F SALE AND N�TICES �F
<br /> JUDI�IAL HEARINGS BEFQRE LENDER E�ERCISES ANY �F ITS ;R�GHTS TJI�DER TH�S
<br /> INSTRUMENT.
<br /> ,
<br /> Up�n the occu�rence of an E�ent vf Default,Lender may,�i#1iou�notice unless requi�ed�y 1aw, and at its op�ion,
<br /> dec�are�he en�ire Indeb�ed.ness due and payable, as i�may elec�,regardless vf the date�r da�es of maturity�here�f
<br /> and,�f perm�tted b�sta�e Iav�;is au�horized and empowered�a cause the Propert�to be sold at.public au�tion, and
<br /> t� e�ecu�e and de�i��r to�he ptuchaser or pur�hasers at such sa�e any deeds�f cflnveyance goad and suf�ic�ent at
<br /> Iav�,pursuant ta the s�atute�n such cas�_made and provided. The T1-us�ee sha11 appiy the proceeds af the Trustee's
<br /> sa�e, first,�o the costs and e�penses af e�erGising.�he pov�rer of sale and af�he sa1e, including�he payment�f�he
<br /> Trus�ee's fees actual�y incurred; secand, to payment of the a���gat�on secured b� the �rust deed; �h�rd, ta the
<br /> payment of junr�r trust dee�s; m�r�gages, 4r ��her lienliolders and the balance, if ar�.�, ta the person �r persons
<br /> �egally ent���ed theret�. The�recita�s in the Trustee's deed shall be pr�ma fac�� evldence uf the tru�h uf �he
<br /> s�a�ements made in it.If Lender choases to�n�oke the power of sa�e,Lender or Trus�ee v�ill pr��ide no�ice of sale
<br /> pursuant to appl�cab�e 1aw. Any such sale �r a sale made pursuant tn a judgment nr;a decree for�he forec�osure
<br /> hereaf may, a�the �p�ion �f Lender, be made en masse. The c�mmencement of pr��eed�ngs t� forec�ose �h1s
<br /> Secur�i�Instrument in any manner au�h�xiz�d by Iaw shal�b�deemed as e�ercise�f the abo�e�pt�on.
<br /> Up�n the �ccurrenc� vf an Event of I]efau�t, Lender sha1� urimediat��y be entit�ed to make ap�lication for and
<br /> �b�ain the appointment of.a receiver fflr�he Property and af th� earnings, inc�me, �ssue and pr��its of rt,wi�h 1:he
<br /> powers as the cou.�-�making�he appo�ntmen�s confers. Grantor hereby irrevo�abiy consents t� such app�intment
<br /> and v�a�ves notice of any applica��o�l therefor. �
<br /> ,
<br /> NU �A1VE�.t.No dela� or�fai�ure af Lender to e�ercise any right, relnedy, po�er �r privilege hereunder shal�
<br /> affec�that righ�,remedy,power or pr�vi�ege n�r shall any sing�e or pax-�ial exer�ise�hereof preclude�he exer�ise of
<br /> any righ�,remedy,p�wer or privilege.No Lender delay or failure�a demand st�-ict adherence�v the terms �f this
<br /> Security Instrument sha11�Oe deemed ta ��r�st�tute a course vf conduct�n�onsistent with Lender's right at any time,
<br /> before or after an e�rent of defaul�, t4 demand s�rict adherence �� the terms of�his Securi�y Instrument and the
<br /> R�Ia�ed Ducuments.
<br /> Si]�BSTITi�TE TRUSTEE.Lender; at��s optivn,may from time to�une remflve Trustee and appoYn�a successor
<br /> �.rustee to any Trus�ee app�xn�ed hereunder by an instru.�nen� recorded in �he county �n wh�ch th�s Security
<br /> Instrument is recorded. ���hou� conveyance of the Pr�pert�, �he successor trusfee shall succeed to ail �he title,
<br /> pov�rer and dut�es c�nferred upon Trustee herein.and by applica���law.
<br /> JUINT AND SEVERA�LIABIY.�ITY.If�his Secu.rity Instrumen�sh�uld be signed�a�m�re than�ne person, a�l
<br /> persons execut�ng this Securi�y Ins�rument agree that�he�shail be j�u��iy and severally h�und,�here permitted by
<br /> �a�.
<br /> SURVIVAL. Lender's rxgh�s in�his Security Inslxumen��ill c�n�inue in its successors and assigns. This Securi�y
<br /> Instrument is bi.�ding on a�1 heirs,e�ecu��rs,administratars,assigns and su�cess�rs af Grantor. ,
<br /> NUTIC�S AND 'L?LIAIV�R �F N�TI�E. Unless othe�-��se required by appl�cable Iav�, any no�ice or dernand
<br /> g�Wen by Lender t� an�party is considered effec�ive: ��� �rhen�t is deposited in�he �C]�n�t�d States Mai��vith the
<br /> apprapriate postage; (ii} �vhen i� is sent via election�c mai1; (iii� v�hen i� is sent via facsimi�e; �Y�r} v�rhen it is
<br /> deposi�ed v�i�h a national�y r�cogn�2ed o�ernight cvurier s�rvice; �v} on the day �f personal delivery; or �v�} any
<br /> �fiher cvmmerciall�reasariable means.A copy of any notice sha�i be sent to each part�at�he address of the party
<br /> given at�he b�ginn�ng of this Securi�.y Instrumen� unless an a�terna�ive add.i�ss has been provided tfl Lender in
<br /> wri�ing.To the extent permi.tted by�av�, Grarit�r v�aives notice�f Lender's accep�ance of this Secur�ty Instrument,
<br /> defenses based vn suretysh�p,�any defense arising fi�m a�y elect�on by Lend�r under��e United Sta�es Bankrup�cy
<br /> C�de, Unif�rm Commercral Code, as enacted in�he s�a�e vvhere Lender is 1oca�ed �r�ther applicable Iav� �r in
<br /> equity, demand, no�ice �f accelera��on, not�c� of nonpaymen�, presen#ment, pro�es�, n�t��e af�dishvnor and any
<br /> other n�tice. r �
<br /> REQUEST]�UR 1rTQTIC�S: Grant�r reques�s that cupies af�he n��ice of defau�.�and n�tice�f sa�e be sen�t�the
<br /> address of each party given at th�begi.nning�f the Securi�y�nstrument.�
<br /> T� THE E�TENT PERI�ITT�Y] BY LA'�, G�tAN��R. �'L�AIVES AN�' RI�HT 7C'� 1�T�TI�E, �'�'HER
<br /> THAN 'I'�IE I�T�TICE PR�'LnDED ABQV�, AND 'L�AI'VES; ANY ItIGHT 'I`� ANY HEARING,
<br /> JUDICIAL UR UTHER�ISE, PRI�R T� LENDEl� E�ERCISING ITS RIGHTS UNDER THIS
<br /> SECURITY INSTRUMENT.
<br /> �'AIVER QF ApPRAISEN.[ENT RIGHTS. �rantar v�axves all appraisemen�rights re�ating to the Property to
<br /> the�xtent pernaitted by Iav�. �
<br /> LENDER'S EXPENSES. Gran�ar agrees to pay alI e�penses incurred by Lender in connection with enforcement
<br /> �f its righ�s under the Indel�ted.liess,th�s S�curity Instrument�r in the event Lender�s made parry�fl any 1i��gation
<br /> be�ause of�he e�istence of the Indebtedness or th�s Secur��Insfrument, as vvell as court c�sts, colle�tion charges
<br /> and reasvnable attarneys'fees and d�sburs�ments.
<br /> �2D04-2�13 CBmpiiance Systems,In�.CBAE-FC2C-2U13LZ.O.E1.655
<br /> Cammer�ial Real Estate 5ecuriry Instrument-DIlAfl�7 Page 4 of 5 wti3nv.complian�esysfem5.cnm
<br /> ,
<br />
|