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2� 1 ����87
<br /> such obliga�xon; and �he cos� �hereof shali be added �o �he Indeb�edness and f
<br /> �ran�or.
<br /> pard on Lender s demand hy
<br /> ASSI�NMEN'I`p�LEASES AND RENTS.As addi��ona�secuu•i for�he a
<br /> performance of the c�venan�s Can ' � p Y�e����f fhe Inde�b�edness and the
<br /> �ained hereir�,.Gran��r hereby ass�gns and transfers over �a Lender aIl renfs
<br /> in�ome and prvfi�s �"Rents"� under any presen� flr future �eases suhieases a ' '
<br /> � r �z�enses af�he Praperty, Ynclud�ng
<br /> any guaranties, e��ensions, amendmeuts �r renewa��thereQf, fi o�n�he use af�he Pro er �
<br /> n��in.defau��, Grantor may�-ece���, �o��e��and en'o a�� p �'• S� ��ng as Grant�r is
<br /> � y Ren�s accruing from�he Praperty, �au�no�more than one
<br /> � man�h in ad�an�e af�he due date. Lender may a�s�require Gran�or �enant and a �
<br /> make payments pf Ren�s du ec�� �a Lender.Hvv�re ' �xY a�her user of�he Prope�-ty to
<br /> Y ��r,by recex�v�.g any such paymen�s,Lender�s n��,and shal�nat
<br /> be considered, an age����for any party or�n�ity.Any amaun�s cv�X��ted ma a� -'
<br /> �o prfltect Lender's �x�.�eres� .in. �he Pr� e� �'� Lende�s sale discre�lon, be appl�ed
<br /> p -ty, inc�uding bu� nn� �imi�ed ta the payment af�axes and insurance
<br /> premiums and to the Indebted�aess. ,�t Lender's sale d�scretion, a�1 leases sublease
<br /> approved by Lender. . . � s and l�censes mus� f�rs� be
<br /> C�NDEI�iNATI�N. Grantor shali give Lender notice of an act�fln taken or
<br /> Y �hrea�ened�o�e�al�en by pr�va�e or
<br /> pub�x�en�i�xes ta apprapr�ate�he Pr�perty�r any par-�thereof �hrou h�onder •
<br /> activn. Further,Lender shal�be erm�tted tfl a • • ' g ��at��n,emxnen�doma�n ar any a�her
<br /> p p r�x��pa�e or�n�er�ene xn any�f�he above des�rzbed pra�eed�ngs in
<br /> any manner it shal� a� x�s sale discr�t�on determ�ne. Lender is h�reby i�en fu�l ou�er ri
<br /> recel�e and receipt for any and aIX dama es a�rarded a � p � ght and au�h�rYty �o
<br /> g s a result vf the�u�i�r par�ial�akll�g flz appz opriatian and in
<br /> �ts sole dxs�reti�n, �� app�y �axd a�ard5 �o �he It�.deb�edness, whe�her�r not�h •
<br /> v�ifh app�xcab7e �avv. Unless Lender otherv�i e en due ❑r o�herv��se �n accordance
<br /> s agrees u1 wrxtva.g, any app��catTon of praceeds to the Indeb�edness
<br /> shail not extend ar pflstpvne �he du� da�e of the pa�ments due un�.er the Indeb�e
<br /> dness or change the am�un� of
<br /> such paymen�s. .
<br /> GR.ANT�R'S ASSURANCES. At any ��me, upon a re ues� ❑f Lender �ra
<br /> Lender, and if appropr�ate, cause �o be recarde � � n�vr w��I execu�e and de���er to
<br /> d, such fiu-�her rnortgages, assignlnents, assz�nmen�s of Ieases and
<br /> rents, secur�ty agree�nen�s, pledges, financing statemen�s, �r such o�her documen� as Le
<br /> � Lender's s��e discret�on,to�ffe�tuate, co�n �ete and tv e ��der ma� require, in
<br /> p p rfec�as we�l as t�cvntxnue�o preser�e the Indeb�edness,
<br /> ar�he�ien or security in�erest�rea�ed by�his Security I��strumen�.
<br /> ATT�RNEX--�N_FA.��, �ran�v�- appoua.�s Lender as attorne -in-fact on �eha
<br /> fu�fii� any �f Gran�or's a�bl��at�ons . � If af Gran��r. If Gran�ar fa�Is to
<br /> g under �hzs Secur�ty Instru.�nen� vr any Rela�ed Docu�nen�s, in�Iudin �hose
<br /> �b�rga���ns ment�oned �n the preced�ng paragraph, Lender as atto��e -in-fac� g
<br /> not�ce to Gran�or.This p�vver of at�orne sha�� �' may fu�f�1 �he ob��ga�Yons ���haut
<br /> y not be affected by�he dlsab�i�ty vf�he Grantor.
<br /> EVENTS ��'DEFAULT. The f��Iowing even�s shaX� cons���.u�e default under�h'
<br /> "Event of Defaul�"�: �, zs.Security InstY-u�nent (each an
<br /> �a� Failure to ma�Ce r�quit ed paymen�s v�he�1 due under Indebtedness• �
<br /> �
<br /> } Faiiure��perfor�n or keep any af the �o�enants of�h�s Securi Instrumen� ar
<br /> �he Re�a�ed Dacuments• �' a defaul�under an�r vf
<br /> z
<br /> ��� The makuag of a��y �ral or�rxt�en�sta�emen� or asser�ian�a Lender t�a.a� is f '
<br /> �na�er�ai respec�b �ran�or or an er . a�se or m�s�eadYng Yn any
<br /> Y. , y p san v���ga�ed on the Indeb�edness,
<br /> �d} The death, d�sso�ut�on, in.s��vency,bankrup�cy ar rece�uersh� roceed�rz �
<br /> or entxty o�bliga�ed on�he Indeb�edn� • p p g f��an�o� or of any persvn
<br /> ss,
<br /> �e} Any asszgn�nent�y,�rantor for�he beneft af Grantar's credY�ors-
<br /> �
<br /> A ma�erial adverse change occurs in�he f�nancia� condi�zon, ovvnershz or mana e
<br /> any person�bl�gated on the Indebtedness• or p g ment af G�an�ar or
<br /> ? .
<br /> �g} Lender deems ztself insecure far any reasan whatsoe�er.
<br /> REMEDIES �N DEFAULT. Upon �he oc�urrence of an Event of Defau�t Lender '
<br /> not��e,pay an�or a���axes, assessmen�s remiums and ' ' - �naY} ���h�u� demand ��•
<br /> � �� , lxens requ�red�v be paid by�rant�r, effec�any insurance
<br /> prav�ded for herein,make such repairs, cause�he abstracts af�it�e�r ti�Ie xnsurance a��c
<br /> Property tv b� certrf ed�o da�e, or racure nev� a p �'an���h�s��ries of the
<br /> p bstz acts flf ti��� ar�z�ie insuran�e a��d�ax h�s�orzes �n �ase none
<br /> v�ere furn�shed�o �.�, and pr�cure�rt�e repvr�s c�vering the Pr�pex�t�, includua sur�e s. The '
<br /> such purposes�vxll be added�o�he Indeb�edness and wii� g y amoun�s paxd far any
<br /> bear�n�erest a�the ra�e of�n�eres�a�he�-��se accruing on
<br /> �he Indebt�dness un�rl paid. In �he e�en� af foreclasure, �he abstrac#s Qf title or �i��e '
<br /> pr�perty of Lender. AI1 absti acts �f t��Ie ti�Ie �nsuranc �sux ance sla�aX� become �he
<br /> � e, tax h�s��r-ies, surveys, and o�her d��umen�s per�ain�ng�o
<br /> �he Indebtedness vv�Il remau�.�n Lender's possessxan unti�the Indebtedness�s ard in fuli.
<br /> P .
<br /> IN THE E�TENT�F THE SALE�F�'HIS PR�PERTY UNDER THE PRfl�EDL�RE F
<br /> A SECLTRITy INSTRUMENT BY ADVERT�SE �R F���L�SURE�F
<br /> MENT,AS PR4V�DED BY APPLICABLE LAW,�R IN THE
<br /> EVENT LENDER E�ER��SES ITS RIGHTS UNDER THE ASSIGNMENT aF LEASE
<br /> LENDER SHALL PR�VIDE ALL STATUTQ � AND RENTS, THE
<br /> I�.�LY REQLJ�RED 1V�TICES �F SALE AND NQT��ES QF
<br /> JUDICIAL HEARINGS BEF�RE LENDER E�ERCISES ANY �F �TS R�GHT
<br /> INSTRUMENT. . S UNDER THIS
<br /> Upan the oc�urrence�f an Even�of Defaul�,Lender ma�,w��hau�no�ice unless re u�red '
<br /> declare�he en�ire Indeb�edness due and a a q b��a�r, and at�ts op��on,
<br /> p y �Ie, as x��nay elect,regardless of��ae da�e�r da�es af�na�urit��hereof
<br /> and, �f permitted�y s�ate lavsi, xs auth�r�zed and empov�ered�v cause�he Pro e ��be soid
<br /> tti ex�cute and dei��er�o�he� urchaser or ur � �' a�p�.�i�c au���an, and
<br /> p p chasers a�such sa�e any deeds vf can�reyan�e good and suf#'icien�at
<br /> Iaw,pursuant to the s�atute in such case made and pro�xded. The Trus�ee shal�a I �� �
<br /> sale, first, to the cas�s and ex enses af e I�p�' he praceeds of the Trustee s
<br /> t p �er��suag the po�er nf sa�e and af the sale, includxng�he paymen�of the
<br /> Trus�ee s fees actually incurred; second, �o paymen� vf the vbl�ga�xon secured b :�he trus� de •
<br /> � ed, t�au d, ta the
<br /> C�20�4-2�t 5 Cnmpliance Systems,Inc.68F9-AE5D-2U I5.1].3.1025
<br /> Cammer�iaE Real Estate Secu�ity Instn.3ment-DL40a7 Page 3 of 5
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