� . . -- . , . .: . . . . . � � �� . . � �� � 2� 1 5�7�45
<br /> . . . , � . � � . .
<br /> Lender's Righ���En�er.-L�e��.der� ' � .- - . � ' � . . - .
<br /> . . .ax Lender s agen�s shaIl haWe�he r�gh�a��d access��o ins .�c�
<br /> al� reasonable �n-�es in ��rd.er �o:at�en�. t • - . .. , _ p �he Pr�perty a�
<br /> . to Lender s.m�eres�s.and ensur� c�mp��an�e wx�i� �he �erm
<br /> Secur��y Instruznex��: :IF����e Property, br.an ar� �her _s af�h�s
<br /> �. . . - . Y.p _,eaf, sha�� requ�re xnspect�on, x-epa�r.�ar .main�enance
<br /> v�hich Gran�Qr has f.a'���d�to rovide Le� - . .
<br /> - _ _ , ., -... . .p. . . ,. :�der, after reas�nab�e.natxce, may.en�er u on t�e�Pro e �
<br /> such abi�gat��n; and �he��c�s��t��ereof�s��all be added �o � . p � � . p rtY�a effect
<br /> Gran�or. . : : .� ... - ..� : :_.. : � . . , the"�Ind�b�'edness arid pa�d on Lender's demand b
<br /> . ��� - :� . .�: ,� .: � .. � ; � . .. . - . _ ►_ ` . . - �'
<br /> A.SSI�NIVIENT�F LEASE� A,ND RENTS.� . � - - ,. � - � � . � �� �. . .
<br /> As addi��o�a1 secur�ty.�'or the payrnenf o_f�he.Indeb�edness �
<br /> performance of�he��ovenants.con�ained �aerein Graiat - � � . . t and the
<br /> , o� �I�ereby ass�gns. and �X-ansfers over �o Lende� a��.�ren�s
<br /> income and praf�s �"Ren�s"� under any �resent vr fu�ur - � - ]
<br /> � � . e Ieases, sub�eases.�r �icenses�of���.e Pr�per�y, inc�ud�n
<br /> any guaranties, ex�ensians,.am�nd�a�ents or renewa�s ��aere�f fi'�I71�t g
<br /> , he use of�he Propez-�. So Iang as �ran�or �s
<br /> no�m defau��, Gran�or may�recei�v�; co�Iec�'and en'v aI�Ren�s a
<br /> J Y ccruing fr��-n the Pr�perty, but no�m�re than ane
<br /> manth in ad�ance �f�he due da�e. Lend'er zna�atso re uire Cr '
<br /> make payments�f Ren�s dir�c�� ��Q�Len���•:. q an��r, ��nan� a��d any.o�her user of�he Proper�y��
<br /> Y .Hovrrever, by recei�i��g any s�ich pa�xn�n�s, Len�er�s no� and s��a
<br /> b� c�ns�dered, an agent f�r.any pa�-t�or�nti . An amaunt . � ?. �I not
<br /> �o pro�ec� Lender's �ntere � �' S�n��ected xnay;a�Lendex•'s sole discretivn, be a I�ed
<br /> s� �n ��ae.Propert�, .�nc��udirag bu� not I�mited ��o �he pay�.n�rit� .of�a�es PP
<br /> prem iu�ns ai�d �o the Indeb:tedness...A� Lender's s�le d iscre�ian � and insu�-ance
<br /> appr�ved by Lender. - � . -� � , � a�� Ieases,.subleases and ��censes must f�.rst ��
<br /> �Q�DEMNA.'�'I�N.�Gran�vr�shai� �ve L�nder • � . � � :
<br /> g . no��ce of any ac��an�aken�r thr�a�ened���he�aken.by riva�e ar
<br /> pub���enti��es�o appropr�ate�he Pr�per�y�or�an art t�iere� � . P
<br /> action. Further, Lender shai�be �� � y p �f���u'vugh�ondemna���n,�_exriinent dolna�n flr any o�her
<br /> . pennIt�ed.�o par�Y��pa�e or�ntervene in any of�he above�descr�bed roce '
<br /> an��rma�ner it s��aIZ-a� r�s�sole�discre�ion de�ermine. Lender ' � . . p edlpgs in
<br /> . �s hereby gi�en ful�,:pov�,er, rx�ht�and au�hvrity to
<br /> receive�and receip�far an�and a�I�.damages awarded as a resu�� � � - . - .
<br /> �f�he fu�i or par�Ya��ak�ng o� appropr�ation and in
<br /> ��s s��e,discre�ion, t� apply.sa�d.awards��o ��-ie Indeb�edness �he � � � � ��
<br /> , . ���er or�ao�then due or ��her�ise �n ac�ordar�ce
<br /> ' �ith:app�icah�e Iavsr. Unless�ender o��1�r.v�r�s� a rees �n wri�i � � - .
<br /> . � . - ng, any appl�ca�zon�Qf p�-oceeds �o the �ndebt�dness
<br /> shall nv�.e�tend or p�stporie`��ae�due date:vf��he a men�s
<br /> such payznen�s. �. � . . __ p Y due under ���e��ndebtedness �r change ���e amoun� of
<br /> GRAN�`QR'S A.�SI]R.ANC�S.� A� an ' � � � . � � . . � �
<br /> . � �zme, upon a request.of Lender, Grant�r ��tl execu�e and de�iver �
<br /> Lender,.and if app�:opriate, cai�se��a�be �-ec�rded � � - °
<br /> . , s��ch fur�her mortgages, ass ign�neY�ts,�assignm�n�s of�eases and
<br /> ren�s, security abreemen�s, piedges;� f natac�n s�atem �� � � - �
<br /> � ents, vr suc�� other do�umen�;as Lender may requi�-�, �n
<br /> Lender's sole discretxon,-�o effec�ua���,�comp�e�e and to erfec ' � �
<br /> or the Iien or securi�.y ix3�eres��rea�ed-b, :� • ' � �as�el� as.�o cox�t�nue�o�re5erve.the Zndebtedne�s,
<br /> . . . y���is.S ecur��I ns�r�imen�. � •� . -
<br /> ATT�RNEY--II�-�'��T. Gran�nr a �aint �� � _ .. . - , ' : .
<br /> fu�fi�l an of�ra - �p . s�Len.der as.at�orney-�n�fac� on�be��alf af Grantor:� ����Gran�or.fai�
<br /> y . ri�ar�5'Obllga�IQpS�i.Fn�C�er.����15�SeCUt'I�:�p5tTL1��7Eri� Ur ai7 �• . . . . , � S ��
<br /> obl�ga�lans men�ioned �n th.e pre�edin � ara ra � � - Y.Rela�ed Dacuzne.nts, �nc�ud�ng �hase
<br /> . . � p g ph, Lender as a��ox-ney-�n�fac� n-iay fulf�I �he obi��a�i�n$ wr�hou
<br /> notice�o Grant�r.�Thxs p��ver o�a�t��-ne�:sha�I nof�be affec � a �
<br /> � � . . � � . . . .- �ed by, �h�.disab�iz�y of���e Gran�ar.
<br /> EVE�I�'S ��' DEFAiJI::�T. The fal�ov�ix7g�events s��all�c� . . . . � - . .: . . . .
<br /> ris���u�e defau�� i.v�der ����s-Security Instru�nent��each an
<br /> t�Event of Default';�: . ;:.. :.;, � • ; - : -, .�. . . . . � . - .. ,
<br /> , . . -. . . . .
<br /> . �a} .Fai�ure�o make required payrnents vv�aen du� � - � . � �
<br /> under Indeb��dness;
<br /> �b� Fai�ure�to perfarri� Qz• keep an� flf�he �ovenants af t ' �
<br /> hxs Se�ur.�1.y Ins�r�unen� or a default under any vf
<br /> �h�Rela�ed I]vcumen�s; _ � � . ,
<br /> tc� The ma�irig �f any ora� or:�rit�en sta�eme ` � .� �
<br /> . nt o� assertivr�,tfl�Lender�ha� �s fa�se or.m�sleadxng in an
<br /> material respe���y Gran�flr.or any persvn ob�igated an�he Indeb�ted � � . �
<br /> ness,
<br /> } The dea�h, dissolii�ion, zns��v�ncy, bankru �c vr rece�ve ' � -
<br /> P Y rshlp�proceed�ng�f Grant�r or of any person
<br /> or en�ity ab��ga�ed on�he�ndeb�edness; - . -� . - .
<br /> �e� Any assignmen�by�ran�or for�he benefi�of Gran�or's cre ' . � . . ..
<br /> dttors,
<br /> �� A mater�a� adverse �harage�oc�urs �n �he f�nan�ial conditi � �
<br /> any perso.n ob�iga��d on�he-�Indeb�edne - � °p� °�ersh�p,or man.agemen� �f Grantor or
<br /> .. 55,Qr . .
<br /> �g) Lender dee�ns x�se�f insecur���r any reasfln�ha�svever: � . � ' � - " - �� � . .
<br /> RE.N�EDIES �N DEFAULT. U flI1 � � . . •� . � .
<br /> p he �ccur��nce o�'an EWent of Defaul�,.Lender ma without de
<br /> no�ice,pa�any ar a���axes, a�sessments,pre�niutnsx and l�ens re ' � ' � � y?. mand ar
<br /> , qui�ed�� be paid by Grant�r, e�'fec�any �nsurance
<br /> providec�far herein; make suc��repairs, cause�he abst�-ac�s of�i�te
<br /> vr-���Ie�xnsurance p��lcy and�ax histories of�he
<br /> Froper�y ta he cer�if�ed-�o da�e, or�procure i�e�r�abstracts of���:�e � �
<br /> or���_�le in5urance=and�a�.hi5torie5 �n CaSe n�ne
<br /> were furnished��o �t, an��procure �itte.�repo�rts coveri.n .�t�ae P�=o ex � ..
<br /> such purposes v�ill be added����le Zi�deb�ed� �� � p �'i��n��ud�ng surveys. The�amounts paid f�r any
<br /> . ness and wtl� bear xn��res�a��he ra�e of�r���eres�o�herwise accruin �n
<br /> �he Inde��edness un��I��paid. �n tl�e.�e�ent of fa�-eclosL�re the a �
<br /> , bs�rac�s af�Y�le or �r�le �nsu�-ance.shal� �become �he
<br /> property �f Lender.A.�.I�abstracts of�it�e, tztle�insl�ran�e �ax��is�orie� . � � � � � � � -
<br /> a. s, surveys, and fl�her dacumen�s pertainin���
<br /> �he�ndebtedness w�l'1 rema�n�in�Lender's ossession until��h �- . � ' .. .
<br /> � e Indeb�:edrtess is pa�d' �
<br /> IN THE EVENT�F THE � � � � ' � �n����� � � � �
<br /> � . SA�.E DF THIS 1'RUPERTY UNDER THE PRQ��D�J�F
<br /> A SE�UR�TY�NSTRUMENT B�:ADVERT�SEMENT A �� - 4R F�RECL�SCJRE�F
<br /> EVENT LENDE�E�ER��SE '�� � - � . S PR�VIDED.BY APPLI�ABLE LA�, 4R ZN THE
<br /> 5 �TS.RIG�TS�UNDER THE ASS�C�TMENT pF LE.ASES AN�D
<br /> LENDER SHAL�. PF{p��D� ALL S.TATUT�R�LY RE �UIR � � . � _ �N'I'Ss THE
<br /> �U�����.L HEARIN�S gEFp�: L � � �� ED N�TICES. �F SALE AND NQT�CES �F
<br /> ENI3ER E,�E.I�CISES _ANY �F. �TS �R��HTS. .UNDER T
<br /> TNSTRUMENT. . � . � � . �� ..: �� : �-� -. ..-� . _ � . . �. .. H�S
<br /> .� . . . .
<br /> Upon the occurrence of an E��ent of D��.. � . -�. . � � � . - . � .: � . . -
<br /> .. efaul�,Lender.may, ��t��au�n�tice uniess rec�u�red b. Ia.w and '
<br /> declare the en�ire�ndeb�edness due`and payahle as it rna e � � � . � � a��ts op�ian,
<br /> and, if permit�ed by stat�.lavsr:z a - ' Y �ect, �-egardless:of t�ae da�e �r da�es of ma�urity tlaereof
<br /> ,_ ,, s u�hor�zed,and empovver�d ta cause the Propex-ty to be soid a� ��b��c
<br /> 8 ZOU�-?�l5 Compliance Systems,In�.3 856-9�?9-?�15.8.0.99 i . . , p, aLiCtl Qn, �I7C�
<br /> Carr3merci�l Rea!Estate 5ecurity Instrument-DL�l0�7 � � • • �
<br /> Pase 3❑F 5 � � � � .
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