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201504583
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Last modified
7/21/2017 2:56:54 AM
Creation date
7/8/2015 12:11:14 PM
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DEEDS
Inst Number
201504583
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��15�4583 <br /> maintain the insurance p�licies required to be ma�ntained pursuant to the Loan Agreernent, �r for <br /> failur� to det�rmine v�rhether insurance in farce is adequate as to the am�unt �f risks insured. <br /> Poss�ssi�n by Lender sha.11 n�t be deemed an election of judicial relief if an� such�assess�on is <br /> requested or obtained-v�ith respect to any Property or collateral not in Lender's passession. <br /> �c� Lender may resart for the �ayment of the Debt to any Qther security held by <br /> Lender in such order and manner as Lender, in its discretiQn, may ele�t. Lender or Trustee may <br /> take action ta recaver the L7ebt, or any par�ian thereaf, �r to eriforce any covenant hereof without <br /> prej udic� t� the right of Lender or Trustee thereafter to foreclose this S ecurity Instrument. The <br /> rights af Lender flr Trustee under this Security Instru.ment sha11 be separate, distinct and <br /> cumulative and none shall be g�ven effect to the exclusian �f the others. I�Ta act of Lender or <br /> Trustee shall be c�nstrued as an el�cti�n ta proceed under an.y �ne provision herein to the <br /> e�clusi�n of any ather pro�isi�n. Neither Lender nor Trustee shall be limxt�d e�clusively to the <br /> rights and remedies herein stated but shall be entit�ed to every right and remed�now ar her�after <br /> afforded at 1aw or in equity. <br /> Section$.7. R�GHT T�RELEASE 1�NY P�RTI�N aF THE PR�PERTY. Lender may release <br /> any partion of the Prop�r�y for such consideratian as Lender may require Withaut, as to the <br /> remainder of the Property, in any way impa�ring or affecting the lien ar priority of�h�s Security <br /> Instrument, or improving the position of any sul�ordinate lienh�Ider �vY1�h respect thereta, except <br /> ta the extent that the obligations hereunder shall ha�re been reduced by the actua� monetaxy <br /> consid�ratian, if an�,recei�ed by Lender for such release, and may accept b�assignment,pledge <br /> or otherwise any other property in place thereaf as Lender may require �v�thout being <br /> accauntable far so daing to any ather lienholder. This 5ecurity Instru�m�nt sha11 cantinue as a <br /> lien and sccurit�interest in the remaining�ortion of the Proper�y. <br /> Sectian S.S. R1GHT �F E1r1TRY. Up�n reas�nable notice to Borrav�rer, Lender and its <br /> agents shall ha�e the right to enter and inspect the Prapert�at al�reasonable tim�s, subj ect to the <br /> rights of tenants under their respect�ve Leas�s. <br /> Se�tion�.9. BA�TI�RUPTCY. �a} Up�n the accurrence and during the continuance af an <br /> Event of Defau�t, L�nder sha11 have the right to praceed �n its o�►vn name ar in the name of <br /> Borrower in respect af any claim, suit, actran ar proceeding re�at�ng ta the rej ection of any <br /> Lease, including, vvithout l�mitatian, the right to file and pra�ecute, to the ex�lusion of Borrawer, <br /> any praafs af claim, complaints, motions, applications, notices and other documents, �n any case <br /> in respect of the lesse�under such Lease un�er the Bankruptcy Gode. <br /> �b} If there shal� be filed by or against Barra�ver a petition under the Bankru�tcy <br /> �ode and Borrav�er, as lessor und�r any Lease, sha11 determine t� rej ect such Lease pursuant t� <br /> Sectian 3�5(a) af th� Banl�ruptcy �ode, then Barr�wer shal� give Lender nat less than ten �l�} <br /> days' prior notice of the date on vUh�ch Borrower shall appl�to the bankruptcy cour�for authority <br /> to rej�ct the Lease. Lender shall have the right, but not the �bl�gation, to serve upon Borrovver <br /> �vithin such ten-day period a notice stating that �i� Lender demands that Borrow�r assume and <br /> assign the Lease to Lender pursuant to Sect��n 3�5 af the Bankruptcy �ade ar�d �ii� Lender <br /> covenants to cure ar pravide a.dequate assurance af future p�rformance un�er the Lease. If <br /> Lend�r �erves upan Borrovver the notice described in the preceding sentence, Barr��ver shall not <br /> seel� to r�j ect the Lease and shall comp�y �vith the demand pr�vided for in clause �i� �f the <br /> 1� <br /> 79582,�QD066 EMF US 5628784�v1 <br />
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