2� 15�8318
<br /> such ob�xgation; an� �he cos�thereaf sha�l be added tn �he I��deb�edness and ard on '
<br /> Granfior. p Lender s dexnand by
<br /> ASSIGNME�IIT�F LEAS�S AND R�NTS. As add�t��nal securz f�r�he a �nen�
<br /> �Y p y of�he Indeb�edness and the
<br /> perf�rman�e af�he cov�na���s c�ntained here�n, Grantor he�-e�y assi ns and transfers
<br /> lncame and prof�s �"Ren�s"� under an resent �r fu� � ovex to Le��der alI ren�s,
<br /> . Y p ure Ieases, sub�eases ar licenses of�he Proper�, �nc�udi��g
<br /> any guarant�es, extensx�ns, amend�nents or renewal� �het•�of, from the use af t�ae Pro e . S� 1
<br /> na��n defau��, Grantor may receive, c���ec�and en'o a p �' �n� a5 ���n�or �5 �
<br /> J � i�Rents acG�-uing from the F�-op�r�y, but no�more�han one
<br /> mon�h in a�vance of the �ue da�e. Lender may also require �ran�ar, �enant and an o���e
<br /> make payments flf Rents direct� ��Lender.Howeve- Y r usez of�he Praperty�o
<br /> Y �,by recei�ing any such payxnen�s,Lende� is no�,a��d shaIl nv�
<br /> be considered, an agen�for any party or en�Y�.�.Yly a�naunts co�Zec�ed ma a�Lender' '
<br /> �� protect Lender's �nteres� in the Pra e �'? s sv�e d�scre��or�,�be app�Yed
<br /> p r�y, including bu� n�� I�mi�ed �fl �he paymen� af taxes and Ynsurance
<br /> pre�niums and tv the Indeb�edness. A� Lender's sole discretion, a�I �eases, subieases and Iicenses must
<br /> appro�ed by Lender. fll sti be
<br /> C�NDEMNATI�N. G�•antor sha�I give Lender nfltice�f any action�aken ar threatened�a
<br /> be taken by private or
<br /> public en��ties to appropr�a�e�he Property�r an�par�thereof,t�u-ough candemna��on em�inen�doma�
<br /> a�tzon.Fur�her,Lender sha��be permi�ted tv artici ate or Yn�ervene ' ' n�x aYay othe�
<br /> P p �n�ny of���e a�bo�e descrrbed procee�Yngs v�.
<br /> any manner it shal� at its sale dzscre�ioi�z de�erm�ne. Lender is herehy gx�en fi��� vv�ez- ri ht and authari
<br /> recelWe and recezp�f�r any and ai�dama es av�arded as a re � a � � �a
<br /> g sul�of the ful�or par�ial taifi��g o�•appr�p�•�a��on and rn
<br /> �ts sole discreti�n, t� apply sa�d awards�o tl�e �ndebtedness, �he�her or no�tla.en due or a�he• ' '
<br /> �v�xse u� aG��rdance
<br /> �i�h. applxcahle Ia�. Unless Lender o�herv�ise agrees u� �rxt�ng, any a Ii�ation of roceeds tfl �
<br /> shal� nv� e�tend or p�s one �he �.ue da#:e af the p� � ��e �����b�edness
<br /> � payments due u��der the Indeb�edness or change �he amourt� of
<br /> such paymen�s. .
<br /> GRANT�R'� ASSURAN��S. A� any �iune, upon a renues� of Lender, �ran��r wi�I execut� and d '
<br /> Lend�r, and if appr�pr��,�e, cause to be recorded such fur�her�n eliver �v
<br /> .
<br /> a ortgag�s, assYgn�ne���s, ass7gn�nents �f�eases and
<br /> ren�s, s��urit� agreements, piedges, finanCing s�a�ements, or such o�her da�umen� as Lender ma re uire '
<br /> Lender's saXe discreti�n,to effec�.�a�e, �amp3ete and�o erfect as v�ell as�o continue � q ? ���
<br /> P to px ese�ve��1e�ndeb�edness,
<br /> ar the Xien or securi�y in�eres�crea�ed by th�s Security�nst�•u�nen�.
<br /> A'�'�'�RNEY-IN��ACT. Gran�or appavl�s Lende�• as a�tor-ney--in�fact ❑n beha�f�f Gran�ar•. If r
<br /> G anto� fa�is to
<br /> fu�fi�1 any of Granto�•'s obX��a��ons under �his Se�urity Zns�rumen� flr an Rel�.ted�DocEunen�s �
<br /> Y , nc�uding �hose
<br /> abiigafixans men�ioned �n. �h� preced�ng paragraph, Lender as attarney-in-fact ma fu1f��� t��e abli •
<br /> nv��ce t�Gran�ar.Th1s po�er of at�orne shall not be affec �' ga�r�ns��'ithout
<br /> Y �ed by�he drsaU��ity af�he Gran�ar.
<br /> EVENTS UF I]EFAULT. Th� fo�Ia�v�ng e�e��ts shal� cons�:x�ute defau��unde�- �his.Se��u� �Znstrumen� e
<br /> � �y � ach an
<br /> "Event of Default"�: � -�.
<br /> �a� Fa�Iure to make requ�red paymen�s when due under�ndebtedn�ss; �
<br /> �b) Fai�u.�-e to perf�rm or keep any of�he c��enants af th�s Securif.y Instrument or a defauit under an o
<br /> the Re�a�ed D�cuments; �
<br /> y f
<br /> �c} The rnakxng of any ora� flr�ritten s�a�eznent ar asser��on �o Lender that is fa�se or�nis�eadin in an
<br /> ma�erxa�respect by�ran�or or any persan ob�r ated on the Indeb�edness• g y
<br /> g
<br /> . �
<br /> The dea�h, disso�u�i�n, �nsoivency,bank�•uptcy ar receivership pr�ceed�ng of Gran#or o�-of an erson
<br /> or entxty ob�xgated vn�he Indeb�edne�s; ��
<br /> �e� Any ass�gnmen�by�ran�or f�r�he benef��of�r•antor's cred�tors;
<br /> �� A mater�al adverse change occurs Yn�he fnancia� cvnd�t�on, awn�rshi ar mana e�nent of Gran�or -
<br /> � g ox
<br /> any persan obiiga�ed on the Inde��edness;or . �
<br /> �g� Lender deems�t�e�f uasecure for any reason v�rha�svever.
<br /> RENIEDIES UN DE�AULT. Upon �he ��cur�-ence of an Event af Defaul�, Lender ma ��thout dem
<br /> y, and or
<br /> notice,pay any ar alI�axes, assessmen�s,premiutns, and�zens requ�red to be azd b �ran�vr effect an insura
<br /> � Y � y nce
<br /> prflvxded for here�n, make such repa�rs, cause the abst�-acts nf����e or tifiie v�surance ��IC and ta:�h�s�orxes of the
<br /> � Y
<br /> Property�n be cer�xf ed t� date, vr p�•�cure new abst�•ac�s �f ti��e or tit�e insurance a��d �ax his�ories in �ase nane
<br /> Wvere fiunished�� i�, and procure����e repar�s co�e�-�ng�he Pr�perty, �nc�udi��g sur�eys. The a�noun�s aid for an .
<br /> such purp�ses vvii��e added to�he.Indeb�edness and w�Il bear interest a�the rate p �
<br /> of�.n�e�es�o�herv��se accruXng an
<br /> the Indeb�edness until paid. In �he even� af fareclosure, the abstrac�s af��t�� or ti�l� insurat�ce shall be�ome ��Ze
<br /> properfiy of Lender. AiI abstracts of�i��e,��t1e insux-an�e, �ax his�o�•Yes, sur�eys, aY�d ather dacurnen�s er�ain�n �o
<br /> �he Indeb�edness wi�1 remain�in Lende�-{s possess��xa�until the Indeb�edn�ss rs aid' � �
<br /> p 1n fu1l.
<br /> IN THE EVENT�F THE SALE�F T�-�IS PR�PERTY UNDER THE PRQ�EDURE FflR FORE�L� i
<br /> su�ar
<br /> A SECURITY IIVSTRUMENT BY ADVERT�S�MENT,AS PR�VIDED BY APPL'��ABLE LA�]LT QR IN THE
<br /> EVENT LENDER E�ERCISES ITS �GHTS I.]�TDER THE ASSIGNMENT �F LEASES AND RENTS THE
<br /> LENDER SHAI,L PR�VIDE ALL STATUT�RILY RE�UIRED NQTICES �F�SALE .�.ND ��TICES �F
<br /> JUDI�IAL HEARINGS BEF�RE LE�DER E�ERCISES ANY �F ITS� RZGHTS L]�TDER TH�S
<br /> INSTRUlUIENT,
<br /> Upon�he ac�urren�e�f an Event of Default,LendeY•rnay,�ithou�no��ce un�ess re ����-ed b �a� and a� '
<br /> dec�are#he en�Yre Indeb�edness due and a able as i.�ma e � � � ����p���n'
<br /> � y , y �ec�,�egardless of�he da�e or da�es af maturzty thereof
<br /> and, if permitt�d by s�ate�avSr, is�.u�:horzzed and empo�e�-ed to cause the Proper�y�o be so�d at ub�ic auc�Yan and
<br /> t� e�ecufie and deX�ver���he purchaser ar purchasers at such saie an deeds � �
<br /> � af canveyance good and suff c�ent a�
<br /> Iaw,pursuan�to�he s�atu�e i.ri such case�nade and prov�ded. The Trustee s��all app�y��he r�ceeds of the Trus�ee's
<br /> sa1e, firs�,t�the costs and expenses �f exerczsin the ov�er of p
<br /> g p sa�e and af�he sale inc�uding the payment flf�he
<br /> �
<br /> rustee's fe�s a�tua��y i�ncu��'red; second, to payment of�he obliga��on secur�d b���he trust d�ed• �hird to �he
<br /> � ,
<br /> �2gU4-2Q 15 Complian�e 5ystems,Inc.�E]B-789B-2D 15.11.0,i D]9
<br /> Cammercial Rea�Estate Security Instrument-DL4Q07 Pase 3 af 5
<br /> �v�vtiv,c a m�l ia n cesyst em s.cvm
<br />
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