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2� 1 �� 1134
<br /> L�nder's Right tn Enter. Lender or Lender's a�ents shall have the r�gh�an�acGess to�nspect�he Pr�p�rty at
<br /> aI� reasonabie tim�� �n arder to attend to L�nder's interest� and ensure campliance vv�th the �erms af this
<br /> S�curity Instrumen�. �f t�e Prape�y, �r any par� thereof, shalt require inspection, repair ar maintenance
<br /> which �rantor has fai��d�o provide, Lender, after reasanab�� not�ce, may enter upon �he Prope�rty to �ffec�
<br /> such �blibation; and th� cost th�reof sha�� b� a�ded �o fihe �ndebtedness and paid nn Lender's demand by
<br /> �rant�r.
<br /> ASSIGNMENT �F LEASES AND RENTS. As ad��tional se�urity for the�a�ment of�h� Indebtedness and the
<br /> p�rfarman�e of the co�enants {:on�a�ned her�in, Grant�r hereby assigns and transfers o��r to Lender a�l rents,
<br /> income and profits �"Ren�s"� u�der ar�y present �r future �eas�s, sub�eas�s or I�c�nses of the Prapertiy, InCIUC�tI7�
<br /> any �uaranties, extensions, am�ndments or renewals th�r��f, fro�n the use of�he Property. So long as �rantar is
<br /> no� in defau�t, �ran�or may recFi�e, Gollec�and en�oy all R�n�s accru�ng from the Pr�perty, bu�no�mar�than ane
<br /> month in ad�ance of the due date. Lend�r may ais� r�qu�re �rar�tor, tenant and any other user of the Proper�y to
<br /> mak�paymen�s�f Rents directlw to Lender. Howe�er,b�re�ei��ng any su�h payments, Lender is not,and shall n�t
<br /> be considered, an agent for any par�y ar entity. Any amoun�s coilected may, at Lender's sole discre�ion, be applied
<br /> to protect Lender's i�ter�st in �he Property, includ�ng but n�� iim�ted to the paymen� of taxes and insurance
<br /> premiums and to the Indebtedn�ss. At Lender's sole d�s�retion, alI Ieases, subleases and licenses must frst be
<br /> appro�ed by Lender.
<br /> C�]NDEMNATIaN. Grantor�hall bi�e Lender not�ce�f any ac�ion taken or threatened to be ta�en by pr�vate �r
<br /> pub�ic en�iti�s ta appropriat�th� Prope�-�y or any part�hereof,�hrough condemna��on,emin�nt domain ar any o�h�r
<br /> action. Further, Lender shall be p�rmi��d ta participate or in�er�ene in any of th� abo�e described proceedings in
<br /> any manner it shal� at i�s sole discre�i�n de�ermine. Lender is hereby gi�en ful� power, right and au�hority �o
<br /> receive and receipt for any and ��1 damages awarded as a result�f�he ful�ar par�iai�aking or appropria�ior�and in
<br /> i�s so�e discre�ion, to apply sa�c� avWards to the �ndeb�edness, whether or no�the� due or �therw�se in ac�ordance
<br /> w��h applicabl� Iaw. Unless Lender oth�rwise agrees in writing, any app�ication of pro�eeds to the �ndebtedness
<br /> sha�l naf extend �r postpane th� due date vf the payments du� under �he �nde��edriess or change th� arnount of
<br /> such paymen�s.
<br /> GRANT�R'S ASSURA�CE�. At any time, upon a request of Lender, Gra�t�r vvil� execute and d�Iiver �a
<br /> Lender, and if appropria�e, �au�e to be rec�rded, such fur�her mor�gages, assignm�nts, assignments �f l�ases and
<br /> ren�s, se�urity agreemen�s, p�e���es, fznancing s�atenc�ents, or such oth�r dacument as Lender may require, in
<br /> Lender's s��e discretian, to effec�ua��, camplete and��perfec�as vvel� as t� �antinue�o preser��the �ndebtedness,
<br /> ar the tien or security in�erest cr�a�ed by this 5e�urity�nstrumen�.
<br /> ATT�RNEY-IN�-FACT. �ran�or appaints Lender as attarney��nMfact on behalf of Grant�r. �f Grantor fai�s to
<br /> fu�f I1 any of�ran�or's Qbliga��ans under �h�s Securi�y �nstrumen� or any Related Do�uments, �ncluding those
<br /> �b�i�a�ions m�ntioned in the prec�ding para�raph, Lender as att�rney-�n-fact may fulfill the �bliaa�ions withau�
<br /> notice to Grantor.This power of attorney shatl na�be aff�cted by the disab��ity of the�rantor.
<br /> EVENTS �F DEFAULT. Th� followin� e�ents sha�� const��u�e default under this 5ecur�ty Instrument �each an
<br /> "Event of Defaulf"}:
<br /> �a� Failure�o mak�requ�red paymen�s when due under Indebtedness;
<br /> �b� Failure to perfarrn ar kee� any af the cfl�enants of�his Security Ins�rumen� or a d�faul� under any of
<br /> the R�la�ed Docume�tsy
<br /> �c� The making of any ��ral �r v�rit�en statemen� ar asser��on to Lender that is false ar mislead�ng in any
<br /> material respect by Grantor or any pers�n�bliba�ed�n�he Indeb�edness;
<br /> (d� The dea�h, dissaluti�n, insol��n�y, bankruptcy ar receivership proce�dYnb of Grantor or of any p�rson
<br /> or entity obligated an the�nde��edness;
<br /> �e} Any assibnment by�rantor for the benefit of�ran�or's cr�ditors;
<br /> ��} A material adverse change occurs in the f nancia� c�ndi��on, ownersh�p or managemen� of Grantor or
<br /> any person abliga�ed an the Indebtedri�ss;or
<br /> ��� Lender deems i�self�nse�ure for any reason wha�soe�er.
<br /> b
<br /> REIVIEDI�S �N DEFAULT. Upon the occurr�nce vf an Event of Default, Lend�r �nayy withou� demand �r
<br /> n��ice, pay any�r al��axes, assessmen�s, premiurns, and li�ns required�o be pa�d�y Gran�ar, effe�t any �nsuran�e
<br /> pro�ided far h�r�in, make such repair�, cause�he abstrac�s of title or�itle insurance policy and tax hist�r�es of the
<br /> Property t� be cer�ified�o da��. or procure nevv abstra�ts of title or title insurance and �ax histories in case none
<br /> v�er� furnished ta it, and procure �it�e repor�s co�ering�he Properfiy, inc�udi�g surveys. The amounts paid �or any
<br /> such purposes will be added to:h� �ndeb��dness and�v�11 bear in�eres�a�the ra�e of�nterest a�herwise a�cru�n;on
<br /> the �nde��edness un�il paid. �n �he event �f fore�iosur�, the abstracts �f title ar titie insurance shall bec�me the
<br /> property of Lender. All abstrac�s of titley titl� insurance, �ax hist�r�es, sur�eys, and other documents pertainina�o
<br /> the�ndebtedness wil�remain in Lender's possessi�n un�i�the�ndebtedness is paid in full.
<br /> �N THE EVENT QF THE�ALE�F TH�S PR.�PERTY UNDER T�E PRaCEDURE F�R F�RECL�SURE�F
<br /> A SECUR�TY �NSTRUMENT BY ADVERT�SEMENT,AS PR�V�DED BY APPLI�ABLE LAW, �R IN THE
<br /> EVENT LENDER EXER�ISES �TS RIGHTS UNDER T�E ASSIGNMENT �F LEASE� AND RENTS, THE
<br /> LENDER SHALL PR�VIDE ALL STATUT�RILY REQU�RED N�T��ES �F SALE AND N�TICES 4F
<br /> JUDICIAL HEARINGS BEF�RE LENDER E��R�ISES ANY �F �TS R�GHTS UNDER THIS
<br /> �NSTRUMENT.
<br /> Upon the accurr�n�e�f an E�e�t of Default, Lender may, wi�hout notice unl�ss r��uired by lavrr, and a� its option,
<br /> dec�are th�entire �ndebtedness �jue and payable, as it may e�ect, regardles�of the date or dates af ma�urity thereof
<br /> and, Yf perm��ted by s�a�e Iaw, i� authariz�d and empawered to cause the Property to be sold at public auc�i�n, and
<br /> �20D4-2015 Camplian�e Systems,Irtc.C8F�9-B5�'�-2415.Z 1.3.t4�5
<br /> Commercial Reai Estate Security instr�iment-DL�4C7 Page 3 af 5 www,c�m�liancesystems.com
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