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<br /> REMEDIES �N DE�FAULT. Upon �he �ccurrence �f an E�ent of Defau��, Lender may, �vitih�u� demand or
<br /> n��ice,pay any or a���axes, assessments,prem�ums, and liens required�o be paid�y Gran�ar, effec�any Ynsurance
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<br /> rQvided far here��n, make such repa�rs, cause�the abstrac�s of title or�xtle �nsurance policy and tax histaries�f the
<br /> Property to be certif ed t� da�e, �r pr��ure new abstracts of�itl� or����e �nsurance and�ax h�stories �n case n�ne
<br /> vsrere furnished�� i�, and pra�ure�it�e repor�s covering the Property, 1nc�uding surveys. The amounts paid far an�
<br /> such urposes wi�l be added ta�he Indebtedness and wi�1 bear�n�erest at the ra��of�nterest o�hervsr�se accruing�n
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<br /> �he �ndeb�edness un��1 paid. �n �he e�en� �f fflreclosure, �he abstrac�s of ti�le or title lnsurance shall b�come the
<br /> ro erry �f Lender. AI1 abstracts�f���Ie, �it�� �nsu�'ance, �ax histories, surveys, and�ther documen�s per�aining��
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<br /> �he Indeb�edness wi]1 remain in Lender's possession un��l�he Indebtedness 1s pald�n full.
<br /> IN THE EVENT�F THE SALE�F TH�S PR�PERTY UNDER THE PR�CEI]URE F�R FC�RECL�SURE aF
<br /> A SE�URITY INSTR�JMENT BY AI)VERT�SEMENT,AS PRaV7�ED BY APPL��ABLE LA�,�R�N THE
<br /> EVENT LENDER E�ERCISES �TS RIGHTS UNDER THE ASS��NMENT �F LEASES AND RENTS, THE
<br /> LENDER SHALL PR�V�DE ALL STATUT�RILY REQUIF�ED N�TI�ES �F SALE AND NUT�CES UF
<br /> JUDIC�AL HEARINGS BEF�RE LENDER E�ERC�SES ANY �F �TS �R��HTS UNDER TH�S
<br /> �NSTRUMENT. �
<br /> U an the occurrence of an E�en�of Defaul�,Lender may,vvithou�no�ice unless required by lavW, and a���s op��an,
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<br /> declare�he en�ir�Indebtedness due and payable, as it may e�ect,regardiess of�h�da�e or dates of ma�urity triereof
<br /> and if ermitted by sta�e Iaw, is au�harized and e�npawered to cause�he Proper�y�o be so�d at publ�c auc�i�n, and
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<br /> �o e�ecute and de�iver�o the purchaser or pur�hasers a� su�h saie any deeds of can�eyance good and suff cien�at
<br /> law ursuan��o�he s�atu�e in such case made and pr�vided. The Trust�e shal�app�y the proceeds af�he Trus�ee's
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<br /> sale, first, ��th� cos�cs and ��p�nses of exer�ising�he p�v�er of sa�e and of the saX�, �ncluding�he paymen��f�he
<br /> Trustee's fe�s actua�Iy incurred; second, t� paynlent of�he obl igati�n secured by the trus� deed; �hird, �o �he
<br /> paymen� of juniar trus� deec�s, mor�gages, or other l�enhaiders and the balance, if any, to �he pers�n or persons
<br /> �e a�1 entitled �here�o. The reci�als in the Trus�ee's deed shall be pr�ma fac�e e�idence �f the truth of the
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<br /> statements made i�n it. �f Lender ch�oses�o in�oke the p�'v�er af sa�e,Lender or Trustee w�Il pr�vide no��ce tif sale
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<br /> ursuan��o appl�cable Iaw. An� such sale or a sale made pursuan�to a judgm.ent or a decree for the foreclosure
<br /> hereof ma , a� the op�ifln of Lender, be made en masse. The com.mencemen� of pr�ceedings �o farec�ose thls
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<br /> Securi�y�ns�rumen��n any manner author�zed by�aw shall be deemed as�xer�lse of�he ab��e opti�n.
<br /> U �n �he o�currenc� af an E�en� of Defaul�, Lender sha�l immed�a�e�y be entit]ed t� make applica�ion for and
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<br /> �b�ain the a ointmen��f a reCeiver far�he ProperCy and�f the earn�ngs, income, lssue and prQfits of��,v�ith the
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<br /> aw�rs as the c�ur� making fihe appointmen�s �onf�rs. Grantor hereby irre�ocably consents �o such appaintment
<br /> and�vaives not�ce af any applxcation t�herefor.
<br /> N� 'WAIVER. Na delay or fa��ure �f Lender to exercise any righ�, remedy, pflwer or pri���ege hereunder sha1�
<br /> affect thati r�gh�,rem�dy,pov�er or pri�rilege nor shall any sing�e or pa�ial e�ercise�hereof preclude�he exercise of
<br /> an ri ht, re�edy, pov�er�r pr��ilege. N� L�nder delay or failure�o demand str�c� adherence�o the�erms af th�s
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<br /> Securi �ns�rumen�sha11 be deemed�a cvns��tu�e a c�urse of��nduc��ncons�sten�wi�h Lender's r�gh�a�any��m�,
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<br /> bef�re or after an e�en� �f defau�t, �o demand stri�t adherence to �he terms of�h�s Security Instrument and the
<br /> Rela�ed Documents.
<br /> SUBSTITUTE TRUSTEE. �ender, at i�s �p�ion, xn.ay from�ime�o��me r�rno�e Trustee and appo�n�a successor
<br /> trustee t� an� Trus�ee app��n�ed hereunder by an instrumen� re�orded in �he cvunty in which this Security
<br /> Instrumen� �s recarded. Wi�haut �onve�ance of�he Praperfiy, �he success�r �rus�ee shall suc�eed �o aI� the �itl�,
<br /> p�wer and duties conferred upan Trust�e herein and by app�icable Iaw.
<br /> JUINT AND SEVERAL LIABILITY. �f this Secur��y Ins�rumen�should be�igned by m�re t�an�ne person, a�1
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<br /> ersons��ecuting�h�s Secur�ty Ins�rumen�agree tha��hey shall be join�Iy and severally baund,where perm�t�ed by
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<br /> RVIVAL. Lender's ri h�s �n this Security �nstirument wi1l c�nt�nue �n �ts su��essors and assigns. This Se�uri�y
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<br /> �nstrumen�is binding�n aIl heirs,execu�ors,administra�ors,assigns and successors of�rantor.
<br /> N�TI�ES AND
<br /> WAI�ER �F N�TI�E. Un�ess ��herwise required by appl�cable Ia�, any notice or demand
<br /> �ven b Lender�o any par�y is c�nsidered effec�i�e: �i� �hen i� �s deposited �n. �he United S�a�es Mai1 w��h the
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<br /> a ro r�ate pas�age; �ii} �hen i� �s sent via e�ectron�c mai�; ��i�} �hen �t �s sen� ��a facs�n�.�le; �i�r} when i� is
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<br /> de osi�ed wi�h a nationally recognized ��ernight�ourier s�rvice; ��� an the day of personal de�i�ery; or (vi} any
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<br /> o�her cammerc�aiiy reasanable means. A copy flf any noti�e sha��be sen��o ea�h party at the address of�he party
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<br /> iven at the beginning of this Securi�y Instrumen� unless an a�terna��ve address has �een pro�ided�a Lender in
<br /> writ�n�. Tfl the e��ten�perm�t�ed by�aw, �`rrantor wai�es no�i�e of Lender's acceptance of th�s Security�nstrument,
<br /> defenses based ori suretyship,any defense ar�sing from any elect�on by Lender under the United States Bankrup�cy
<br /> Code, Uniform C�mmercial Code, as enac�ed in the s�a�e vvhere Lender �s loca�ed or o�her appl�cable Iavv or in
<br /> e ui , demand, n��ice of ac�e�era��on, n�tice ❑f nonpaymen�, presentmen�, protes�, n�t�ce of dishonor and any
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<br /> other notice. .
<br /> �TI�ES: Grantor re uests�hat�opies of the not�ce of defaul�and no��c�of sale be sen�t�the
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<br /> address of each parry given at the beginning of the Security�nstrument.
<br /> T� TH� E�TENT PERMITTED BY LAV�, GRANT�R 'L�V�AI'L�ES ANY RIGHT T� N�TICE, �THER
<br /> THAN THE N�TI�E PR�VIDED AS�VE, AND WAIVES ANY TZIGHT T� ANY HEARII�G,
<br /> Ji3DICIAL �R �THER'4�ISE, PRIt3R TD LENDER E�ER�ISIN� ITS RIGHTS UNDER THIS
<br /> SE�URrTY INSTTZUMENT.
<br /> �2Q�4-2014 Compliance Systems,I�c.F9DE-AE�7-Za13L2.3.73$
<br /> Cammer�ial Real Estate Security�r�strurnent-DL40�7 Pa�e 4 of 5 www.campliancesystems.cam
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