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� ��14�5947
<br /> Lender�s R�ght ta Enter.Lender or Lender's agents sha��have the rx � '
<br /> all reasonab�e �im.es in �rder ta at�end g��an�a��ess��uaspec��he Praper�y a�
<br /> to Lender's ��erests and ensure cam.plxan�e v�rz�h the �erms of this
<br /> Secu�'�ty Instrument. If th� Praperty, �r a�zy part �hereof, shal� re uu-e irts '
<br /> v�rhich Grantor has fa�ded�v pr�vid.e, LeY�der after r � pect�an, repau- �r maintienance
<br /> , easonab�e no�ice, ma� en�er upan�he Pr�pex�y to effec�
<br /> such.oblxgation, and �he cost �hereof sha� �e added t� the Indebtedness and � ' �
<br /> Grantor.
<br /> pa�d on Lender s demand by
<br /> ASSIGNMENT�F I,,EASES AND�ENTS,A5 aC�i�.1�].�n.a� S�CL�'1 for�he
<br /> perf�rmance of the covenan�s con�a' �' paymen�of�he Indebtedness and the
<br /> , zned herein, �ran�or here�y ass�gns and transfers o�er t� Lender aI� rents
<br /> �ncame and.prof�s �"Ren�s"� under any present or fu�ure �eases, subleases or lic�nses �
<br /> any guarantres, e�tensxans, amendments ar renev�ra of�he Property, 1nclud�ng
<br /> �s thereof, fi am the use af�he Praperty. Sa Xong as Grant�r xs
<br /> not in defau��, Gran�ar may recex�e, c���ec�and enj oy a�I Ren�s accruxn fro�n�he
<br /> month�n ad�an�e of�he due da�e. Lend�r x g Pr4p��'}bu�nat m�re�han one
<br /> nay also requvre Gran�or, �enant and any�ther user of the Proper�y t� '
<br /> make payments af Ren�s d�re���y t�Lender.Hv�ever,�y rece�vin an Su.C�1 a xn� '
<br /> g y p � nts,Lender�s no�,and sha��nv�
<br /> be consxdered, an agent far any party or en�rty.Any amoun�s cal�ec�ed ma a�L '
<br /> to protec� Lender's in�eres� �n �he Pro e ' Y� �nder s soXe dzs�ret��n,be app��ed
<br /> p rty, �nc�uding bu� not �imi�ed �o the payznent �f�axes and u�surance
<br /> prem�ums and to the Ir�dehtedness. A� Lender's so�e discre�ion, a�� �eases sublease
<br /> appro�e�by Lender. � s and �zcenses mus� f�rs� be
<br /> �aNDEMNATI�N. �rantor shall gi�e Lender no�ice of an ac�ian�a e
<br /> y k n vr thr�atene d to b e ta�en by pr�.�ate ar
<br /> pub�ic enti�ies to appr�pria�e the Praperty vr any part�he'reaf,throu h��ndemna�ion �e ' '
<br /> action.Further, Lender sha�I�e erm�tted�o a ' ' • � � m��nt domaxn or any�ther
<br /> p p r�xc�pa�e or xnter�en�in any of the abo�e descr�bed praceedings in
<br /> an� mann.er �� sha�Z at xts so�e d�scretzan de�ermix�e, Lender xs hereby gzven full o�e�• ri h� an
<br /> recexve and receip�far any and a1I dama es avvard�d a p � g d au�horxty tfl
<br /> � s a resu��of�he ful�or par�xal taking or appr�priativn and in
<br /> ��s so�e d�scretion, to app�y sazd a�ards �o the Inde��edness, �vhether�r no�th�n du '
<br /> v�r��h appl�ca.ble �aw. Un�ess Lender other�xse � �r ��herw�se u�. accflrdan�e
<br /> agrees in v�rrx�ing, any app�ica�ion of proceeds to the Indeb�edness
<br /> sha�I n�t e�tend or pQstpone��he due da�e of the pay��ents due under �he Indeb�ed.�Zess
<br /> or �hange �he amnun� of
<br /> su�h p ayments. ,
<br /> GRAN'I'�R'S ASSURANCES, .�� any �itn�, up�n a �•eques� af Lender Grantor'vvxl� e
<br /> Lender, and�f appropriate, cause�o be rec�rded such fiu t ' �ecu�e and delzver tv
<br /> , , her ma��gages, assignYnen�s, assigrunen�s af Ieases and
<br /> rents, securxty agreements, pledges, fi.nancing s�a�emen�s, or such ��her d��umen� as Lender ma
<br /> Lender's so�e discretion,to�ffectuate, com �e�e and�a erfe� y requ�re, in
<br /> � p �as wel�as to contuaue to pre�erve the�ndebtedness,
<br /> vr�he�ien or security interest crea�ed by�hxs Secur��y Instrumen�. �
<br /> AT'T�RNEy-IN_FA�T. Gran�or appn�t� Lender as attorney--ua.--fa�� �n hehalf of Gran� r
<br /> fulf�ll any of Gran�or's �bli'a�ians under this S ec ' : � • If Grant�r fa�s �a
<br /> � ur�ty Instrument �r any Re�a�ed D��umen�s, including those
<br /> ��Iiga�ions men�ianed in the pre�eding paragraph, Lender as at��rne --u�.-fact ma fulfl� the
<br /> notxce�o Grant�r. This vv�er�f at�or��e sha y �' �bligat�ons wx�hflufi
<br /> p y �I no�be affected by t�xe dxsabi�ity of�he�ran�or.
<br /> EVENTS �F DEFAULT. Th� fol�ov�ing even�s�shal� canst�tu�e defaul�under thzs �Secur�
<br /> "E�en��f Default"}: � �
<br /> ty Instz umen� �e ach an
<br /> �a� Fa�iure�o make requ�red payments vvhen due under Indeb�edness; �
<br /> �b� FaiZure �o perfnrm or keep any of the c�venants af�hzs Secur� Instrument or a defauit
<br /> the Re�ated Documents;
<br /> tY un.�er any of
<br /> ��� The making of any ora� or v�rit�en s�at�men� ar asser�x�n t� Le
<br /> nder�hat xs fa�se �r m�sleadua.g vn any
<br /> ma�er�al respec�by Gran�or vr any person ob�xgated on the Indeb�ed.ness; -
<br /> .
<br /> The death, disso�u��on, inso�vency,bank�-up�cy ar rece�versh�p pr�ceedin af�rantor vr of a
<br /> or en�ity obligated on�he Inde��edxiess• � n�p�rsan
<br /> �
<br /> (e} Any assxgrunen�by Grantor far�h�bene��of�ran�or's creditvrs;
<br /> �� A mater�al adverse �hange accurs i.n �he financ�al cand�tion, ovvnersh� or mana emen�
<br /> any pers�n o�X�gated on the Indeb�edness• p g �f Grantor ar
<br /> ,or ,
<br /> (g� Lender deems x�seif insecure�or any reas�n�ha�sae�er. '
<br /> R�MEDIE� �N DEFA.UIIT. Upon the accurrence af an Even� of Defaul�, Lender ma �ri�ho
<br /> not��e,pay any or a��taxes, assessmen�s remiums a ' � Y� u� demand ar
<br /> ,p , nd�zens required��be paid b�Grant�r, effec�any insurance
<br /> prov�ded far herein,make such repairs, cause�he abs�rac�s�f��tie or ti��e insurance �a��c and�ax hi t '
<br /> Property to be cer��f ed�o da�e; or rocure nevw abstrac� p �' s arxes of�he
<br /> p � of ti��e �r��tle insurance and�a�his�or�es vn. case nane
<br /> �ere furnished t� zt, and procure tx��e reports covering the Praper�y, �ncludin�sur�e s. �'he arn�unts azd
<br /> such purpvses w�l�be added to�he Indeb�edness and v�i� y � f�r any
<br /> �beax interest a�the rate❑f�a�eres��therwxse accruua.g vn
<br /> �he Indeb�edness un�z�paYd. In the event of forec�asure, �he abstracts �f�xt�e ar t���e insurance
<br /> shall became #he
<br /> pr�perty of Lender.AI�absh ac�s of�it�e, ti��e �itasw-an�e, ta�li�s�or�es, surveys, and o�her documen�s ertaixun
<br /> the Indeb�ed.ness w�I�remain�in Lender's possessi�n un�ii#he Indeb�edne ' ' ' p ���
<br /> . ss�s paxd u1 fu�1.
<br /> IN THE EVENT�F THE SALE 4F�HIS PR�PERTY UNDER THE PR�CEI]URE F
<br /> A SE�UR�TY 1NSTRUMENT BY A �R F�]RECL�SURE�F
<br /> DVE�TISEMENT,AS PR�VLDED BY APPLICABLE LAW, 4R II�I TIIE
<br /> EVENT LENDER E�ER�ISES ITS RIGHTS UNDER THE A�SI�NMENT �k'LEASES AND RE
<br /> LENDER SHALL PR��1'IDE ALL STATUT4RILY NTS, THE
<br /> �I�� RE�UIRED N�TICES aF-SALE .AND N�TICES 4F
<br /> HEAR�NGS BEF�RE LENDER EXER�ISES A.NY 4F ITS RIGHTS UNDER 'I'HIS
<br /> INSTRLIN�NT. � _
<br /> .
<br /> Upon�he occurrence of an E�en��f Default,Lender may, wzthout na�iGe un�ess re uired b �aw and ' '
<br /> declare the ent�re Indebtedness due and a ab�e as x�ma ele q � � a���s�P���n,
<br /> , ,p Y s y ct,�e�ard�ess of the date ar da�es of ma�ur��y thereof
<br /> and, if perm�tf�d by sfate Iavv,�s au�hor�zed and empo�vered�a cause�he Pro e ��be so�d a� ' '
<br /> p �y pub�xc auc�xon, and
<br /> �200A-2aI3 Compliance Systems,Ir�c.45F5-AQ72-24I3L2.0.6G6 '
<br /> Cammercia�Real Estate Security Insfniment�DL4�07 Page 3 of5 •
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