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<br /> ASSIGNMENT �F RENTS
<br /> Lvan Nv: ���2g3�47 ��ont�nued} Page 4
<br /> proc�eding, seIf-help, repassessi�n or any a�her methad, by any creditor a� 6orrawer or Gran�or or by any
<br />: go�ernmental ag�ncy agains�the Ren�s or any property se�uring the Indebtedness. This in��udes a garnishmen�o�F
<br /> any o-� Bvrrvwer's or Gran�or`s accoun�s, including deposFt accoun�s, wi�h Lender. However, �his E�en�❑f Defaul�
<br /> shal� no� apply if�here is a gaad �aifih dispu�e by Borr�wer ❑r Cran�or as to the �a��di�y or reasonableness o��he
<br /> c�aim which is �the basis of the creditor or for-�eiture praceeding and i�f gorrawer ❑r Grantor gi�es Lender wrFtten
<br /> notice o��he creditor❑r forfe�tu�-e proGeeding and deposits wi�h Lender mvnies or a surety bond far�he �reditor or
<br /> for-�eiture prv�eeding, in an amoun�k determ�ned by Lender, in ifis sole dis�re�ion, as heing an adequate �-eserWe ar
<br /> 1�ond-�or�he dispufe.
<br /> Prvper�y❑amage ar Loss. The Praper�y is �ostr S��IL'n, 5L1�35�a�'l�la���l CIa171ageC�, sold, or barrowed against.
<br /> E�en�s Affect�ng �uarantor. Any vf the preceding e�en�s occurs with respect t❑ any guaran�or, endors�r, sure�y,
<br /> or accommoda�ion par�y ❑� any ❑f the inde�tedness o�- any guarantor, endorser, sure�y, �r accommvdation party
<br /> dies ❑� becomes in�ompefient, ❑r re�okes ❑�- disputes �he �alidi�y a�, or �iahility under, any Guaran�y vf �he
<br /> jndelatedness.
<br /> Adverse Change. A ma�eria� ad�erse change occurs in Gran��r's �inan�ia� cvndition, or Lender laelie�es �he
<br />. praspect vf payment or performance❑�the (ndebtedness is impaired.
<br /> lns�curi#y. Lender in good�aith belie�es i�self insecure.
<br /> Cure Prvrris�ons. �fi any d�fault, ❑�her than a defaulfi in paymen� is curable and if Crantor has nv� been giWen a
<br /> natice af a breach ❑f�he same prv�isivn of this Assignment within �he preceding twel�e ���� months, i� may 1ae
<br /> cured if Grant�r, after Lender sends written nvtice to Ba�-rawer demanding cure ❑�f such defau[t: �'i� cures �he
<br /> defaulfi within fifteen {�5� days; or {2} i�the cu�-e requires more than fifteen {'#5} days, immediately �nifiia�es s�eps
<br /> wh�ch L�nder deems in Lender`s sale discre�kion to be sufifiicien� to �ure the de�aul� and thereafter con�inues and
<br /> completes all �easona�le and ne�essary steps sufficient�t❑ pradu�e �ompliance as saon as reas�nably prac�ical.
<br /> Fi[GHTS AND REMEDIES �N DEFAULT. lJpan fihe o�currence o�any E�ent of aefau�t and a�any time fiherea�te�, Lender
<br />, may exercise any one or more o�the fvllvw�ng rights and remedies, in additian to any o�her rights ar remedies pro�ided
<br /> by law:
<br /> Accelera�e Indebtedness. Lender shall ha�e�he right at €ts ❑ptian �❑ declare the �ntire �ndebtedness immedia�ely
<br />: due and payalale, inc�uding any prepayment penafty tha�Barrower wvu(d be required to pay.
<br /> Collect Rents. Lender shal� ha�e the r�ght, without nnt��e �o Borrawer vr G�-an�vr, ta �ake possession ❑f #he
<br /> Property and collect the Rents, including amounts past due and unpaid, and apply the ne� proceeds, a�er- and
<br /> abvWe Lender's C�5�5, agains� the �ndebtedness. ln fur�herance of �his righ�, L.ender shall ha�e all the rights
<br /> pra�ided �or in the Lender's Right to Recei�e and Calle�t Ren�s Sectian, aha�e. l� the Rents are c�llec�ed by
<br /> Lender, �hen Grantar irre�ocably designates Lender as Gran�ar's a��orney-in-fact t� endvrse insfiruments rec�i�ed in
<br /> paymen�thereofi in�he name ❑f Gran�knr and tv negvfiia�e the same and callec�th� praceeds. Paymen�s by tenants
<br /> or ❑�her users to Lender in respvnse ta Lender's demand shall satisfiy the obligatians �or which the paymen�s are
<br />' � made, whe�her�or not any prope�- grvunds �or the demand exis�ed. Lender may exercise i�s righ�s under �his
<br /> subparagraph either in person, by agent, or-�hrough a receiWer.
<br />� ❑�her Fiemedies. Lender sha[[ ha�e a�� ather rights and remedies pr��ided in �this Assignmen� ❑r the No�e or by
<br />� 1aw.
<br /> Elec�ian v�Remedies. E[ec�ian by Lender to pursu� any remedy shall no�exc�ude pursuit❑fi any vther remedy, and
<br /> an ele�tion�o make expendi�ures or t❑take actEon t� perform an vlaligation of Granfiar under this Assignmen�, afker
<br /> Grantvr's�ai�ure to perfarm,shall no�a-��ect Lender's r�ght to declare a de�aul�and exer�ise i�s remedies.
<br /> Attvrneys' Fees; Expenses. �f L�nder ins�ki�u�es any suit�r action�v enfor�e any of-�he��rms of�his Assignmen�,
<br /> Lender shall be entitied t❑ reco�er such sum as fihe court may adjudge reasonabE� as attorneys' fees at�ria[ and
<br /> upon any appea�. Whe�her or nat any �ourt actian is in�ol�ed, and to the ext�nt nat pr�hibi�ed hy law, a[�
<br /> reasonable expenses Lender incurs that in Lender's opinion are necessary afi any �ime for the protectian ❑f i�s
<br /> in�erest ar the en�orcement of i�s righ�s shafl become a part�f�he [ndebtedness payab�e on demand and shall �ear
<br /> in�erest a�fihe Note rate�rom��he da�e o�the expendi�ure until repaid. E�penses co�ered by this paragraph inc3ude,
<br /> withaut �imitation,�however subject�❑ any limi�s unde�- applicahle �aw, Lender's attorneys' fees and Lender's iegal
<br /> expenses, whether ❑r n�t there is a lawsuit, including attorneys` fees and expsnses for bankruptcy prviceedings
<br /> �includ�ng e�f�orts�❑ modi�y or�acate any autamatic s�ay or injun��ion�, appeals, and any anticipated post judgment
<br /> collectivn ser�ices, fihe cost af sear�hing records, ❑b�aining ti�le reports {including foreclosure repor�s},�sur�eyars'
<br /> repvrts� and appraisal �ees, ti�le insurance, and fees �flr �he T�-ustee, ta the exten� permifited by appficable faw.
<br /> Grantor also will pay any cour�costs, in addi�ian�o all other sums pro�ided by law.
<br /> M�SCELLANE�US PR�VIS�DNS. The�v[lowing mis�ellaneous prv��sions are a part❑f this Ass€gnment: .
<br /> Amendmen�s. This Assignment, tvge�her with any Refated ❑acuments, consti�utes the en�ire unders�anding and
<br /> agreemen� af the parkies as �o the matters se� -�or�h in �his Assignment. No alterafiian ❑f ar amendmen� ta -�his
<br /> Ass�gnmen� shall be e�tecfiiW� unless gi�en in w�itin� and signed by the par�y ❑r parties saugh� tv be charged or
<br /> hound by�he altera�ifln�r amendmenfi.
<br /> Caption Headings. Cap�ion headings in�his Assignment are for con�enience purpvses an[y and are nat�v he used
<br /> �o interpret or de�ine the pro�isions of this Assignment.
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