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��15�1359
<br /> En��ronmenta� LawS and Hazardvus ar Tox�c Mater�a��. Grantor and eve �enant ha�e heen ar
<br /> presently and shal� c�nt�nue to be �n str�ct com �ian�e � � �
<br /> p w�th any appi��able �o�a�, sta�e and federa�
<br /> enviran.mentat�aws and regula��ons. Fur�her,x�ex�her Grantor nor any tenant sha�i manufac�ure store hand�e
<br /> discharge ar d�spose af hazardaus or tox�c ma�er�a�s as may be defned by any sta�� ar fet��rai Iaw �n the
<br /> Praper�y, excep� ta �he �x�ent �he ex�stence nf such mater�als has been presently disc�osed �n wr�t�n t❑
<br /> Lender. Gran�or�i11 xm.mediate�y notxfy Lender in wr�t�n of an asser��on ar c�a� �
<br /> � y m mad�by any par�y as�o
<br /> the poss�b�e v�a�ation af app��ca�Ie s�a�e and federa� �n�ironrnen�al Iav�s �nciudin �he l�cation of an
<br /> hazardous or tox�c mater�als on ar about�he Pro e . Gran�or ind � y
<br /> p �y emn�fies and hoids Lender�armiess from,
<br /> wi�hou� �im��a���n, any ��ab�li�y �r expense flf v�ha�s�ever na�ure in�urred direct�y ar �ndire��� out �f or in
<br /> c�nnectifln v�i�h: �a�any en��ronmen�a��aws affe�tzn a��or an art of the �
<br /> � y p Prop�r�y or Gran��r; �b)�he past,
<br /> presen� �r future exis�ence of any hazardous materia�s in, on, under, abflu�, or emana�ing fr�m or assin
<br /> throu h �he Pro e y p p �
<br /> g p rty �r an art �hereof�r any praper�y adja�en� theret�; ��} any past, present or futur�
<br /> hazardous activity at or in connectian w�th �he Proper�y or any par� �hereof; and �d} �he nflnc�m liance b
<br /> �ran�or or�rantor's fa��ure�a comply ful�y and��me� �i�h env�ronmen�a��aw � �
<br /> Y s.
<br /> Financia�Informa��vna �rantor agrees�o supp�y Lender such f�nanc�a�and o�her informa�i�n concern�n ��s
<br /> affairs and the s�a�us vf any of��s assets as �ender, from �i me t� ��me ma reas �
<br /> , y anab�y re�ues�. Gran�or
<br /> fur�her agrees tq perm�t Lender to verify ac�ounts as �el� as t� �nsp���, copy and to exam�ne �he books
<br /> �
<br /> recor s and f�es of C`rrantor. �
<br /> L�nder's Right tv Enter. Lender or Lender's agen�s sha��ha�e the r� ht and access t��ns ec��he
<br /> g p Property a�
<br /> a1� reasanable ��mes in order to attend �a Lender's �nterests and en�ure comp��ance v���h �he terms of th�s
<br /> Se�urity Ins�rumen�. �f the Pr�pe�-ty, �r any part �here�f, sha�I require inspec�ion, repa�r or maintenance
<br /> vvh�ch Gran�or has failed �v pro�tde, Lender, after reasanable nfl�ice, may en�er upfln the,Pro e �o effecx
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<br /> such obii�at�on; and t�e cos� thereof sha�� be added ta the �ndeb�edness and pa�d on Lender's demand b
<br /> Y
<br /> �ran�or.
<br /> AS�IGNMENT 4F LEASES ANl3 RENTS. As additiona� s�curity for�he payment�f�he Indebtedness and the
<br /> perfflrmance of the cflvenants �onta�ned herezn, �ran��r hereby assigns and �ransfers over to Lender ai� ren�s
<br /> in�ome and pr�f��s �"Ren�s"� under any present or fu�ure Ieases, subleases ar ��censes of�he Pra e �nclud�n �
<br /> P �`�Y� g
<br /> any guarant�es, ex�ens�Qns, amendments ar renewals thereaf, from �the use af the Property. S� �ong as Grantor �s
<br /> nat�n default, �rantar may re�e��e, co��ect and.enj ay a�I R�nts accruing from�he Pr�perCy, bu�nflt more than ane
<br /> mon�h �n advance vf the due date. Lender may also require Grantar, tenant and any other user of the Pro e �o
<br /> make paymen�s of Rents direc�ly to Lender. ��wev�r b recei�in p �
<br /> , y g any such payments, Lender�s nat,an�.sha��no�
<br /> be cans�dered, an agent f�r an�party ar entity. Any amaunts co��ected may, a�Lender's saie discre��on he a lied
<br /> ? P�
<br /> t� prote�� Lender's �n�erest �n the Propert�, includ�ng but p�� l�mi�ed to the payment of taxes and insurance
<br /> premiums and to �he Indeb�edness. A� L�nder's so�e d�s�ret�op, al� �eas�s, subleases and �i�enses must firs� be
<br /> apprvved by Lender.
<br /> ��NI]EMNATIUN. Grantar sha1�gx�e Lender.nat�ce of any ac�ion taken ar threatened�a be taken b riva�e or
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<br /> public en�i�ies�a approprxate the Pr�perty or any par�therenf,t�rrough c�ndemnat�on, em�nent damain or an ather
<br /> acti�n. Fur�her, L�nder shal�b�permit�ed�a par��c� a�e or inter�ene in an of the a y
<br /> p y bove descr��ed proceedangs in
<br /> any manner �t sha�i at ��s so�e dis�r��ion de�erm�ne: Lender is hereby gi�en fuli power, right and au�hor� �❑
<br /> receive and re�e�pt far any and al�dama es av�arded as a r �
<br /> g esuit of the fu�l �r par��a��ak�ng or appr�p�xa��fln and�n
<br /> its sole d�scr�tion, �o app�y sa�d awards �o the .Indebtedness, whe�her ar no��hen due or o�herv�ise in accordance
<br /> wxth applicable law. Untess Lender �therv�r�se agrees in writing, any app��cat�an �f proceeds �o the �ndebtedness
<br /> sha�� not e�tend �r postpone ��e due da�e �f the paymen�s due under the �ndeb�edness or chan e �he amount af
<br /> such paymen�s.
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<br /> GRANT[]R'S ASSURAN��S. At any ��me, upon a request �f Lender, Gran�or �vi�I execu�e and del�ver tfl
<br /> Lender, and if appropr�ate, �ause ta be rec�rd�d, suc� further mor�gages, assignmen�s, ass�gnmen�s of Ieases and
<br /> ren�s, secur�ty agreements, p�edges, f nanc�x�� �tatements, or such o�her docurnent as Len�er may re uire in
<br /> 9 a
<br /> Lender's so�e discretion, �a effec�uate, comp�e�e and �o perfect as�e�� as�o con��nue�o preser�e the �ndebtedness
<br /> �
<br /> or t e I�en ar secur��y�n�erest crea�ed by�h�s Security�ns�rumen�.
<br /> .A►TTQRNEY-IN-FACT. �rantor appoints Lender as a��arne -inWfact an behalf of Grantar.
<br /> Y �f�r�.n�ar fa��s �o
<br /> fu�fill any of Grantor's ��bl�gatians under th�s 5e�ur�ty �nstrument or any Re�at�d Documents, �ncludin those
<br /> �
<br /> ob��gat�ons ment�aned �n �he pre�ed�ng paragraph, Lender as a���rney-in--fact may fulf�� �he ab1� a�ions �vi�hou�
<br /> no�ice to�ran�or.Th�s power�f a�torney sha�l n�t be affected b �he d�sab��� g
<br /> y ty of the Grantor.
<br /> EVENTS �F DEFAULT. The fol�avving e�ents sha�i cons��tu�e defau�� under�his Se�urity �nstrument each a�
<br /> "Even��f Defaul�" : �
<br /> �
<br /> �a� Fai�ure to make required paymen�s when du�under Indeb�edness;
<br /> �b� Fa�lure to�perform or keep any of�he co�enants flf th�s Secur��y Instrument or a defau�� under an of
<br /> the Related Docum�nts;
<br /> Y
<br /> �c� The making of any oral or �vritten s�atement or as�er���n ta Lender t�a� �s fa�se �r mislead�n in an
<br /> � Y
<br /> mater�a�respe�t by Grantor or any person ab��gated on the Zndeb�edness;
<br /> (d� The dea�h, d�ssolution, zpsol�ency, bankrup�cy or rece��ersh�p pr�ceeding af. Gran#or or of an erson
<br /> ar en��ty obIigated���he Indebtedness;
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<br /> �e} Any assign.ment by Gran��r for the beneft of�rantar's creditors-
<br /> �
<br /> �f} A material ad�rerse change occurs in th� f�nanciai c�nd�tion, o�nersh�p or managemen� of Cran�or or
<br /> any person o���ga�ed�n�he Indeb�edness; or
<br /> �g� Lender deems�tse�f�nse�ure for any reason wha�saever.
<br /> O 20Q4-2�14 C�r��liance Sys#ems,In�.F9I7E-AE27-20�3L2.3.738
<br /> Commercial Rea�Estate Secur:ty Instr�.iment-T}L4�Q7 Pa�e 3 of 5 �vww.�vm�liancesys#ems.�am
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