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201504626
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Last modified
7/21/2017 2:58:58 AM
Creation date
7/9/2015 1:47:24 PM
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DEEDS
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201504626
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��15�45�� <br /> Sectian 3.3. LEASES. Borro�ver shall not (and shall nat permit an�r �th�r appli�able <br /> Person t�� enter in any L�ases for a�l�r any port�an af the Property unless in accordance with the <br /> pr�v�sians af the Loan Agreement. <br /> Sectian 3.4. ��.���vT� oF TrTLE. Barrawer has gaad, ind�feasi.ble, m.axketable and <br /> insurable tztle t� the Praperty and has the right ta mortgage, grant, bargain, sel�, pledge, assign, <br /> warrant, transfer and convey the �ame. Barrov�►�er possesses an unencumbered fee srmp�� <br /> abso�ute estate in the Lar�d and the Improvements e�cept for the P�rmitted Encumbrances, su�h <br /> ather l�ens as are permitted pursuant t� the Laan Documents and the lien� created by the Laan <br /> Documents. This Security Instrument, when properly r�corded in the appropriate records, <br /> tagether �vith any Uniform �omrnercial Cade financing statements re�uired ta be fi�ed in <br /> carin�cti an thereWxth, wil� create �a} a valid, perfected first�riarity lien on the Property, subj ect <br /> an�.y t� Permztted Encumbrances and th� �iens cr�ated b�th� Loan Docum�nts and (l�� perfected <br /> security interests in and ta, and perfected col�ateral ass�gnments ❑f, al� personalty �rncluding the <br /> Leases}, a�i in ac�ordance with the terms thereof, in each case subj ect anly to any appli�able <br /> Permztted Encumbrances, such other liens as are permitted pursuant to the Laan Documents and <br /> the liens created by the Loan Documents. Borrower shall unti� the Debt is ind�feasibly paid in <br /> fu11 ar satisfied warrant, defend and preserve the title and the validity and pr�orit� �f the lien af <br /> thi s S ecurxty Instrument and sha�l until the D ebt i s indefe as ibly p ai d in full or s ati sfi e d �rarrant <br /> and defend the same ta Lender against the claims of all P�rsans whomsoever. <br /> ArtiC�e 4 — FLTRTHER ASSURAN�ES <br /> S�ction 4.1. C�MPLIANCE �VITH LDAN AGREEMENT. Barrower shall c�mply with all <br /> cavenants set f�rth in the Loan Agreement relating to acts or other further assurances t�be made <br /> on the part of Barrawer �n order to protect and perfect the lien or se�urity interest hereaf upon, <br /> and in the interest of Lender in,the Property. <br /> Section 4.Z. AUTH�RIZATI�1rT T� FILE FINANCII�G STATEMEIrTTS� Po�ER oF ATT�RNEY. <br /> Barrav�er hereby auth�ri2es Lender at any t�me ar�d fr�m trme ta time ta file any initia�finan�ing <br /> statements, arnendments theret� and cont�nuation sta.ternents as authorized by a�p���able lavv, as <br /> applicable t� all or part of th� Pers�nal Pr�perty and as necessary or requ�red in c�nnection <br /> h�rewi�h. Far purposes �f such fil�ngs, Borrovver agrees to furnish any informatian requested by <br /> Lender pramptly upan request by Lender. Barrower also ratifies its authori�atian for Lender to <br /> ha�e filed any lil�e initial financing stat�ments, am�ndments thereto ar continuation statements, zf <br /> filed prior to the date of this Security Instrument. Barrower hereby irrevocably constitute� and <br /> appaints Lender and any afficer or agent of Lender, with fu�l. poWer �f substitutian, as its true <br /> and lawfu� att�rneys-in-fact v�ith full irrevocable power and autharity in the place a�ld stead �f <br /> BorroWer or in Barrov�rer's awn name to execute in Barrovver's name an� such documents and <br /> otherw�se t� carry aut the purposes �f this Section 4.2, to the extent that Barro�ver's <br /> authorizat�on above zs not suffic�ent and B�rr�w�r fails or refuses to promptly e�ecute such <br /> d�cuments. Ta the extent permitted by la�v, Barrovver hereby ra��fies a11 acts said attorneys-in- <br /> fact have lawful�y d�ne in the past �r sha�l�awFu�ly do ❑r �ause ta be done in�he future by virtue <br /> hereaf. This pov�er of attorney is a pawer coupled vvxth an interest and sha11�e irrevocable. <br /> � <br /> 79S$2.0�0066 EMF U5 Sb28794$�1 <br />
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