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2� 1 �� 1133
<br /> su�h obligatian; and th� cas� �hereof shal� b� added ta �he �ndeh�edness and paid on Lender's d�mand hy
<br /> �rantor.
<br /> ASSIGN�VIENT 4F LEASES AND RENTS. As additional security for�he paymen�of�he �ndebtedness and the
<br /> performance of the covenarits con�ained herein, Gran�or hereby assig�as and transfers o�er �o Lender alI rents,
<br /> income and profits �"Rents"} under any present or futur� ��ases, subleases or Iicenses af the Proper�, in�Iuding
<br /> any �uarant�es, ex�ensions, amendmen�s or renewals �hereof, fr�m �he use of the Property. S� long as Grantor is
<br /> not in default, Grantor may receive, caI�ec�and enjoy aI�Rents accruing from th� Proper�y, but not mare than one
<br /> month in advance of the due date. Lender may also re�u�r� Gran��r, tenant and any oth�r user �f�he Praperty to
<br /> make paymen�s of Rents directly to Lender. Hovrre�er,by recei��na any such payments, Lender is no�,and shail not
<br /> be c�nsidered, an a�ent for any party or en�ity. Any amounts c�ile�ted may, at L�nder's s��e discretion, be applied
<br /> to protect Lender's interest in the Praperry, in�lud�ng but not l�m��ed to the paymen� af taxes and �nsurance
<br /> premiums and to the �ndebtedness. At Lender's sole discretion, alI Ieases, subleases and I�censes must f�rst be
<br /> app�-o�ed hy Lender.
<br /> C�NDEMNATI�N. Grantar shall bive Lender notice of any acti�n fak�n ar thr�at�ned ta be taken by �ri�ate or
<br /> public enti��es to appropriate the Proper�y or any par�thereaf,th�raugh c�nd�mnation,�minen�damain or any ather
<br /> a�tian. Further, Lender sha1� be perm�tted to par�icipa�e or in�er��ne �n ar�y af the abo�e described proceedinas in
<br /> any manner it shall at its sale discretion de�erm�ne. Lender is hereby bi�en full power, right and au�horxty ta
<br /> recei�e and receipt for any and ali damages av�ard�d as a resu�t of�h�fu�l or par�ial tak�ng ar appropria�i�n and �n
<br /> i�s sole discretion, to appiy said awards�o the �ndeb�ed�ess, v�hether ar no�theri du� or other�ise in accordan�e
<br /> w�th applicable law. Unless Lender o�hervvise agree� �n writ�ng, any applicati�n �f proceeds to the Indebtedness
<br /> shal� not exter�d or po��Qne the due date of the paym�nts due under �he �ndebtedn�ss ar �hange �he amoun� of
<br /> su�h payments.
<br /> GR.ANT�R'S ASSURAN�E�. At any �ime, upon a request �f Lender, Crantor wili execute and deli�er �o
<br /> L�nd�r, and if appropriate, cause to be recard�d, such further mor�gages, ass�gnments, assignm�nts of�eases and
<br /> rents, security agreements, pledges, financ�n� statements, or such o�her dacu�nent as Lender m�ay requir�, in
<br /> Lender's sole discret�on,�o effe�tua�e, comp�et� and�o perfec�as wel� as fo cantinue to preserve�he �ndebtedn�ss,
<br /> or�he lien�r securiiy in��res�crea�ed by�his Security�ns�rumen�.
<br /> ATT�RNEY-��N-FACT. Gran�or appoints Lender as a�torney-in-fac� on behaif of Grantor. If Gran��r fa�Is to
<br /> fulfll any of Grantor's obl�ga�ions und�r �his S�Gurity Instrument or any Re�ated Documents, includ�ng �hose
<br /> obii�ations men�ioned in the precedin� pa�ra�raph, Lender as attorney-in-fact may fu�f li the obli�atians withou�
<br /> notice to�rant�r.This povver of at�orn�y shall not be affe�t�d by th�disability of�he Gran�or.
<br /> EVENTS �F DEFAULT. The fal�awing e�ents shall �ons�itu�e defau�t under �his Securi�y �nstrum�nt ��ach an
<br /> "Evenf of Defau�t"}:
<br /> �a} Failure to make required paymen�s when due under�nd�bt�dness;
<br /> �b} Faiiur� t� perfarm ar keep any of th� co�enants of this Security Instrument �r a default under any �f
<br /> the Re�ated Documents;
<br /> �c} The makin� �f any ora� or wri�ten statement ar assertivn to Lender �hat is false or misieadin� in any
<br /> materiai respect by Gran�or or any persan ob�iga��d an the Indebtedn�ss;
<br /> �d} The dea�h, dissolu�io�, �nso��ency, bankruptcy or r�c�z�ersh�p proceeding af�rantor or af any p�rson
<br /> or entity oblibated on�h� Indeb�edr�ess;
<br /> �e) Any assxgnmen�by Grantor far the b�nefi�of�rantor's credi�ors;
<br /> �f} A ma�er�al ad�erse chanbe occurs in the f nancia� condit�on, ownersh�p or manabem�nti �f Cran�or or
<br /> any person obligated on the�ndebtedri�ss;or
<br /> ��� Lender deems i�self insecur� far any reason wha�soe�er.
<br /> �
<br /> REMEDIES �N DEFA�LT. Up�n �he occurrence of an Event �f Defauit, Lender may, w�thaut demand or
<br /> notice, pay any ar all taxes, assessmen�s, premiums, and liens re�uired to�e paid by Gran�or, effect any insuran��
<br /> pro��ded for he�r�in, make such repairs, cause�he abs�racts of�itle or ti�l� �nsuranc� p��icy and tax his�ories af the
<br /> Proper�y t� b� cert�f ed �o date, or procure new abstra�ts of�i�le flr �i�ie �nsuranc� and �ax histor�es in case none
<br /> were furnished ta it, and procure tr��� reports ca�erin�the Proper�y, in�Iuding s�rWeys. The amounts paid for any
<br /> su�h purp�ses wi�l he add�d to the �ndeb�edness and v�i�� �ear interes�at the rate of inter�st�thervvise accruing an
<br /> the �ndeb�edness unfiil paid. �n �h� e�en� of foreclosure, the abs�racts of�itl� or �i�le insurance sha�� b��ome �he
<br /> proper�y af Lender. AlI abstracts �f ti�le, title �nsurance, tax his�ories, surveys, and �ther documentis per�aining�o
<br /> the �ndebt�dness wi�l remain�n Lender's pos�ession un�il�he�ndeh�edness is pa�d in ful�.
<br /> IN THE EVENT aF THE SALE�F TH�S PR�P�RTY UNDER.T��PR.��EDURE FC�R F�RE�LC�SURE�F
<br /> A SECUR�TY INSTRUMENT BY ADVERTISEMENT,AS PR�V�D�D BY APPL��ABLE LAW, 4R IN THE
<br /> EVENT LENDER EXERCISES �TS R.�GHTS UNDER T�E ASSIGNM�NT �F LEASES AND RENTS, THE
<br /> LENDER SHALL PR�V�DE ALL STATUT�RILY REQU�RED NC]TICES �F SALE AND N�T�CES 4F
<br /> JUD�CIAL HEAR�NGS BEF�RE LENI]ER ��ERCISES ANY �F IT� RI�HTS UNDER TH�S
<br /> INSTRUMENT.
<br /> Upon the occurrence of an E�en�of Defaul�, Lend�r m��, withau�notice unXess re�uired by lavv,and a� its option,
<br /> declare the entire Indeb�edness due and payable, as �t may�lec�, regardless of�he date or da�es�f rnatur�ty ther�of
<br /> and, if permitt�d by state lavv, is au�horized and empower�d�o cause the Properry�o be so�d at public auction, and
<br /> �o exe�u�e and d�Ii�er�o the purchaser or purChasers at such sale any d�eds flf Gon�eyance gaod and sufFcien� at
<br /> iaw, pursuan�to the statute in such case made and prov�ded. The Trus�ee shal� apply the proceeds of�he Trustee's
<br /> sate, first, to�he cost� and exp�n�es of exercisinb the pawer of sa1� and of the sale, including the payment of the
<br /> Trustee's fees actual�y incurr�d; second, to pa�ment �f �he obiiga�ion secu�-ed by �he trust de�d; third, to the
<br /> �2�04-2Q�5 Campliance Systems,Inc,68F9-?F38-2415.11.3.1 d�5
<br /> Cammerc�al Real Estate 5ecurity[r�str�r�ient-DL44�T Pa�e 3 af 5 ti�vw.camptiancesystems.com
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