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2� 15�84��
<br /> ather acti�n. Fur�her, Lender shal� be permitted to participafie or i�terven� in any of the above described
<br /> praceedxn�s in any manner it sha11 at i�s sole discretion c�etermine. Lender is hereby given full power, right and
<br /> authority #o rec�z�e an� receipt for any and a1� damages awarded as a resu�t of the ful� �r par�ia� taking ar
<br /> appropria�ion and iri its so�e d�scretion, to apply said awards to the Indebtedness, vvh�ther or not then due or
<br /> otherwise in accordanCe with applica�le law. Unless Lender otherv�ise agrees in vvriting, any applicatian of
<br /> proceeds to �he Indeb��dness sha�� nflt ex�end ar po�tp�ne �he due date af �he paym�n�s due under �he
<br /> Indebt�dness or change the am�un�of such payrnents.
<br /> GRANTUR'S ASSURAN�ES. A� any time, upon a request of Lender, �rantor will e�ecu�e and deliver to
<br /> Lender, and if a�prapria�e, cause to be r�corded, su�h fur�her mar�gages, assigt�men�s, assignments of leases and
<br /> rents, se�urity agreements, pledges, financing statemen�s, or such other document as Lender may require, in
<br /> Lender's soie discretion,ta effectuate, complete and to perfec#as well as ta continue to preserve the Indebtedness,
<br /> ar the lien or security interest created by this Security rnsi.rument.
<br /> ATT4RNEY-IN-FA�T. �`rrantor appoints Lender as att�rney-in-fact on behalf of Grantor. If Grantor fails �o
<br /> fu�f�t any of�ran�or's ab�xga�ians under thYs Security Ins�rument az any Re�ated Docum�n�s, includxng �hose
<br /> �bligations mentioned �n the preceding paragraph, Lender as attorn�y-Yn-fact may fulfill �he obligatiofls wi�haut
<br /> n�ti�e to�rantor.This pawer of attorney sha11 n�t b�affected by the dxsability of the Grant�r,
<br /> D�FAIJLT. Upon the oc�urrence of any one �f th� fallawing events �each, an"E�en�af Defaul�" or"default" ar
<br /> "event of default"�, Lender's ab�igations, if any, ta make any advan�es v�ill, at Lender's option, immedia�ely
<br /> terminate and Lender, at its ap�ion, may declare all indebtedness of GrantnrlMortgagor �o �ender under the
<br /> Indebtedness immediately due and payable �vithou� fur�her notice of an� kind notwithstanding anything to the
<br /> cantrary in the Indeb#edne�s or any ather a�reement; (a� Grantor'slMortgagor's failure ta make any payment on
<br /> time or in the amvunt due; [b� any default by �ran�orlMortgagor under the terms of the Yndeb�edness; �c� the
<br /> dea�h, dissolutian or terminatian of existence of�rantarlM��tgagar or any guarantor; �d� GrantorlMor�gagor is
<br /> not paying Grantor'slMortgagor's debts as such debts l�ecom.e due; �e} the comrnencement of any proceeding
<br /> under bar�cruptcy or ins�lvenc� Iaws by or against GrantorlMar�gagor or any guarantar or the appo�n�ment �f a
<br /> re�ei�ver; ��} any default under the�erms of any other indehtedness of CrantorlMortgagor to any other creditor;�g}
<br /> any wri� af attachment, garnishmen�, execution, ta� lien or sim�lar i�strumen� is issued against any c�l�ateral
<br /> seGuring the l�an, if any, or any of Grantor'slMor�gagor's prope� or any judgment is �nt�red against
<br /> G`rrantorlMor�gagar ar any guarantar; �h}an�part of�rrantor'slMor�gagor's business is sa�d to ar merged with any
<br /> other business, individual, or entity; �i� any representa�ian�r warranty made by Gran�orlM�rtgagar to Lender in
<br /> the Indebtedness �r any financial statement delivered�o Lender pro�es to ha�e been false in any materiai respect
<br /> as af�he ti.me wh�n made or givena �j}if�ny guarantor, or any �ther part�to any Related Do�umen�s in fa�or�f
<br /> Lender ent�red into or delivered in connec�ion v�ith the Indebtedness terminates, attempts to terminate or defau�ts
<br /> under any such Related Do�uments; �k� Lender has deemed itself insecure or there has been a material adv�rse
<br /> �hange af conditi�n of the fYnancia� prospects of GrantorlMvrtgagar �r aMy �ollateral securing the vbliga�t�ns
<br /> ovsring to Lender by �rantarlMartgagor. Upan the occurrence of an e�ent of defaul�, the entire principal sum
<br /> remaining unpaid hereunder,together with ac�rued interes#, may �e declared immedia�ely due arid payable at the
<br /> option of the Lender. In additian, Lender xnay pursu� any rem�dy available under the Indebtedness, at law or in
<br /> �quity.
<br /> R�1V�EDIES �N DEFALTLT. LTpon the occurrer�ce of an ��ent of Defau��, Lender may, withou� demand ar
<br /> notice,pay any or a11 taxes, assessments, prerniums, and liens required to�e paid by Grantor, effect any insuranc�
<br /> pro�ided for herein,make such repairs, cause the abstracts of tit�e ar title insurance p�lzcy and tax historie� af the
<br /> Propert,�ta be �erCified ta date, or procure new abstracts �f title or��t�e insurance and �a�h�staries in case nane
<br /> v�ere furnishe�t� �t, and procure�itle rep�rts covering the Pr�perty, rnc�uding sur�eys. The amoun�s pai�fvr any
<br /> such purposes wil� be added to the Indebtedness and v�rill bear interest at the ra�e af�nterest�therwise a�cruing on
<br /> the Inde�tedness untit paid. In the e�ent �f forec�osure, the abstracts af tit�e ar ti�1e insurance sha�1 bec�me th�
<br /> property of Lender. All abstracts af title,title insurar��e,tax histories, surveys, and other�ocuments pertaining to
<br /> the Indebtedness�ill remain in Lender's passession untii the Indebtedness is paid in fu�l.
<br /> IN THE EVENT�F THE SALE�F THIS PR�PERTY UNDER TH�PR��EDURE FQR F�RECL�SURE�F
<br /> A SECURITY.INSTRLJMENT BY ADVERTISEMENT,AS PR�VIDED BY APPLI�ABLE LA�V, �R IN TH�
<br /> EVENT LENDER E�ER��SES ITS R��HTS UNDER THE ASSIGNMENT DF LEASES AND RENTS, THE
<br /> ���04-20i5 Compliance Systems,Inc.91�f74de-Occeeb�c-2015.3.0.�13
<br /> Cammercial Real Estate Security Instrument-DLAq07 Page 4 af 8 www.campliancesystems.�am
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