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<br /> such vb�iga��on; and �he cos� �hereof shal� be added t � • t �
<br /> Gran�or.
<br /> o �he Indebtedness and pa�d on Lender s demand by
<br /> ASSI�NME�IT UF LEAS�S A�ND R�NTS.As addit�vnal securi for�he a �
<br /> performan�e of the c�venan�s con�a' �' . p Ym-en�af the Inde��edness and the
<br /> �ned here�n, Grantar hereby assxgns and transfers v�er �o Lender a�i ren�s
<br /> incame and prvfi�s �"Rents"} under an�presen� or futur� Ieases subleases or= ' '
<br /> any guarantzes, e�tensions amendmen� � ��censes of the Proper�y, �nc�uding
<br /> , � s or rene�als thereof, from �he use of�he Proper�y. So Iong as Gran�or is
<br /> not ir�defau�t, Grantor may receive, co��ec�and enjoy aI�Rents accruin from the �
<br /> ` g Praper�y,bu�n�t more than nne
<br /> month in.ad�an�e af the due date. Lender may also require Grantor tenan�and an .
<br /> ma�Ce payments�f Rents direct� ta Lender.H❑ ' �o�her user af the Property to
<br /> Y . �ever,by recei��ng any such pa�men�s,Lender�s nvt,�and sha�X nv�
<br /> be c�nsid�red, an agen�for any pax�y or en��ty.A.ny amoun�s collec�ed ma a�Lende ' � ' '
<br /> to prv�ec� Lender's rn�eres� ,in �he pro e �� . Y� . , r s sa�e d�scretxnn,be appl�ed
<br /> p r�, Iud�ng btxt no� lYmited �o the paymen� of��axes and insuran�e
<br /> premiumis and to �he Indeb�edness.�At Lender's sole discretion, a1� Ieases sub�eases � '
<br /> appra�ed by Lender. . � and I�censes mus� fu-st be
<br /> ��NDEMNATI�N. Gran�or shali giWe Lender nati�e of an -ac�ion ta �
<br /> y ken or�hrea�ened�a he�a�Cen by prxva�e ar
<br /> pub�ic en��ties��appr�priate�he Praperty or an�par��hereaf,throu h candemna���n '
<br /> act�on. Fur�her, Lender sha�1 be erm�tted to artiici � ,em�nen�damaln or any other
<br /> p p pa�e ar xn�ervene In any of�he above descr�bed pro�eedings u�
<br /> any manner it sha�1 at i�s sale d�scret�an.d�termine. Lender �s hereb i�en fuXi �o�er '
<br /> rece��e and receipt for an�atad a��dama es a�arded � g p � rY�h� and au�hority ta
<br /> g as a resu�t of�he fu�l�r par�ia�taking or apprapr�atzvn and in
<br /> its sole discret�on, to appiy said awards�� �he Inde�tedn�ss, whe�her ar�n�t�hen due � -
<br /> with applicab�e �av�. Unless Lender otherv��se a . . or o�hervvxse xn accordance
<br /> gr�es in v�riting, any app���ati�n �f proceeds �❑ �he Indeb�edness
<br /> sha�1 not extend or p��tpane��he due da�e of�he paymen�s due una�er the Indeb�edness �
<br /> su�h payments. : �
<br /> or chang� the amaun� of
<br /> GRANTUR'S ASSIJRAN�ES, �.� any txme, u on a re ues� of .
<br /> P _ q Lender, �ran�ar �r�i� exe�ute and dei��er to
<br /> Lender, and �f appropr�ate, cause�o be re��rded, su�h fur�her mflrtga es assi nmen�s assi
<br /> rents, securzty agreemen�s, p�ed es financin s�ate g ' -� � ' ��n��.�f��ases and
<br /> � � g ments, or such other dacumen� as Lender may require, Yn
<br /> Lender's svle discret�on, to efFectua�e, cflYnp�e�e and��perfec�as we�I as�a can�inue�o reser
<br /> ar the I�en or security xn�eres�crea�ed b thxs Secu.r' � ve the Indeb�edness,
<br /> y �t�Instrumen�.
<br /> ATT�RNEy-IN_FA�T. Grantor ap oin.ts Lender as attorne --' - .
<br /> � y �n fac� on beha�f of Grantor. If�ran�or fa��s ��
<br /> fu�f�i� any �f Gran��r's ob�xgations under �his Securi� Ins�rument ar an Related�Docu '
<br /> ob�iga��ans mentioned in�he reced�n ara a h L �' men�s, 1nclud�ng thase
<br /> . � � p gr p , ender as at�orr��y-Yn--fac� may fulf��� �he ab��gations v�i�hout
<br /> nv�ice�a Gran�or.This po��r af attorr�ey shall no��e affe��ed by the disab�ii vf�he�ran�or.
<br /> �
<br /> E VENTS aF DEFAULT. The fa�iow�ng events sha�i cons���ute defau�� �
<br /> under th�s .�ecur�ty Instt•umen� �eaGh an
<br /> "E�en�vf Defaui�"�: � � - . . � . .
<br /> �a� Fa�iure�o make required payments v�h�n due under Indeb�edness•. .� - � �
<br /> �b� Fai�ure tv perform vr keep any af the co�enan�s �f thzs Security Ins�rumen� �r a defau�t
<br /> under an� �f
<br /> the Related Documen�s; - . . .
<br /> �c} The mak�ng �f any aral or�rztten s�a�ement �r asser�inn�a Lender tha �' �
<br /> t �s false or misleadrng in any
<br /> materra�respe��by�rantflr�r any person nbliga#ed an the Indebtedness;: � �- �
<br /> �d� The dea�h, d�ss�iu��an, znsol�en�y, bankruptcy-or receivership pro�eedi.� of�Gran�or.or�af a
<br /> g ny pers�n
<br /> �r en�i#.y obl�ga�ed on�he Indebtedness; � , � � . - � .
<br /> �e� Any assignmen�by Grant�r for�he benef�t of�rant�r's c�•ed�tors;
<br /> [f} A mafer�al adverse change �ccurs:in�he fxnan.�ial cvndltxon, flwnershi or mana emen� of Gr
<br /> P g . antar or
<br /> � any person ob�igated an�he zndeb�edness;or � . �
<br /> �g} Lender deems i�se�f insecure for any reasvn whatsoe�er. � � �
<br /> REM�DIE� �N DEFAUL'�'. Upon the occurrence of an E�en� o
<br /> f Defaul�, Lender ma�, vv��hou� demand or
<br /> not�ce,pay any�r aIi taxes,assessments,premYums, and I�ens required to be azd b -Grant�r.efFe��a
<br /> prov�ded for hereua,ma�e such re airs cause��he a�s�ract � p y a ny Yx�.surance
<br /> p � s of ti��e or fiitxe u�surance pnlxcy_an�.�tax hist�r�es�f the
<br /> Praper�y�o be cer��f�ed to date, or procure ne� abstracts of t�tle or tit�e znsurance�and�a� his�ar�es '
<br /> u�. case nane
<br /> were furnished to x�, and pr�cure��t�e repnrtis covering the Property, �nc�uding surve s. The a�n�un�s aid fvr
<br /> such purp�ses�il��e added:�o the�ndeb�edness and��1I�ear ' y p any
<br /> lla.tex es�at�he ra�e nf�n�erest o�herwise accruuag�n
<br /> the Inde�tedness un�il paid. In �he e�ent af f�rec�osure, the abstracts �f trtle.❑r����e xnsurance sha
<br /> �I be�ome the
<br /> proper�vf Lender. AI� abs�ac�s of tz�le, txtl� insurance, tax histaries, surveys, and other d�cuments er�ainx.n to
<br /> �he Ix�del�t�d.n.ess w�I1 remaua�ir�Lender's passessian un�il the Indeb�edness� ' ' � g
<br /> s paid�n fu��.
<br /> IN THE EVENT�F THE�ALE�F THIS PR�PERTY UNDER THE PR�CEDURE FaR F
<br /> A SECURITY INSTRUMENT BY ADVERTI O��L�SURE QF
<br /> SEMENT,AS PR�VIDEI3 BY APPLICABLE LA�,flR IN THE
<br /> � EVENT LENI]ER E.�ERCI�ES ITS RIGHTS UNDER THE ASS��NMENT �F L'EASES AND RE
<br /> LENDER SHALL PR�VIDE ALL STATUT�RIL NTS, THE
<br /> . Y RE�UIRED N�TICES �F SALE ANI3 N�TI�ES �F
<br /> JUDI�IAL HEARINGS BEF�RE LENDER E�ERCISES A1VY �F ITS RI�HTS � UNDER��
<br /> TH�S
<br /> INS TRUMENT. . . . . .
<br /> Upon the ac�urrence�f an E�en�of Default,Lend�r may, wi�h�ut not�ce un�ess re uu ed'b �avv and at '
<br /> declare�he entire Indeb�edness due and� a able-as x��na ��ec q �' � ��S�ption,
<br /> p � , y �,regardless af fhe da�e ar da�es af matur�ty�hereof
<br /> and, xf permitted by state Ia�, �s autharized and empavwered�o cause the Pra ez t�be sold at ub�ic auc '
<br /> to execute and de�iver�o�he urchaser � p �� . p �xon, and
<br /> p or purchasers a�su�h sale any deeds of c�nveyance gavd and suff cient a�
<br /> Iaw,pursuan��o�he statu�e�n such�ase made and pro�ided. The Trustee.sha�I a � :�he roceeds '
<br /> sale, frst,t�the costs and ex enses �f e�ercYs�n f pp� p of the Trus�ee s
<br /> t . 1� g he power of sa�e and vf the saie, inc�uding�he payment of t�le
<br /> Trustee s fees actua��y rn�urx-ed; se�ond, �o paymen� �f the vb�igati�n secured b ,the trus� deed• th�rd
<br /> Y , , tn �he
<br /> 0 2 Q�4-2 0 1�Cnmp liance Syst�ms,inc.8DG5-aEd3-2D13L2.20.1.$G9 ' �
<br /> Cvmmercial Real Estate Security Instn�merit-DL4Q�7 pa�����$ ' � '', - ' � �
<br /> � . . . � .. www.compliancesystems.com
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