'�� � � 2� 1 ��291 1
<br /> '�A.�NTIES. Grantor, for i�self, �ts he�rs, persona� representati�res, su�ces�ors, and assigns, represent.s,
<br /> �arrants,c�venan�s and agrees wi�h Lender,�ts su�cess�rs and assigns,as fo�Io�rs: .
<br /> performanc� of �b�igat�ons. �ran�or pro�nises ta perform a�I terms, condi�i�ns, and c��enants of fi.�is
<br /> Securi�y Instt ument and Rela�ed Documents in a�cordance�i�h�he t�rms c�nta�ned�h.ere�n.
<br /> Defense and Titl�to Property.At the t�me�f exeGu�ion and de�i�rery�f this instrumenf,Grantor is�a�fully
<br /> seised �f the es�a�e hereby cvnveyed and has the ��clusiv�r�ght ta mor�gage, grant, can�ey and assign the
<br /> Property.Gran�or cflvenan�s that the Pr�per�is unencumbered and free of all liens,except far encumhr�nces
<br /> of r�cor�. accep�able tv L�nder. Fur�her, �rantor covenants �hat Gran��r w�li v�rarrant and defend generally
<br /> �he t�t1e to the Pr�per�y agains� any and al� c�aims and demands whats�ever, subj ect �a �he easements,
<br /> restric�.ons, or other encumbran�es of record a�cep�abi� t� Lender, as may be �is�ed in the schedule of
<br /> e�cep�i�ns �o coverage_ Yn an� abs�ra�t af t��le ar tit�e �nsurance p��icy insuring Lender's interest in the
<br /> Prop er�y.
<br /> Condition �f Pragerty. Grantor promuises at ali times ta preserve and to ma�.n.�a�n�he Praper�y and e�ver�
<br /> par�thereof in govd repai.r, �v�rk�ng order; and condition and v�rill from time to t�me, make a1�needfui and
<br /> prop�r rep airs s o that the va�ue vf�he Pr�p erty sha1�not�n any�ay b e�mp a�re d.
<br /> Remova� of any Part of th�Property. �rantor pr�xnxses not ta remvve any part �f�he Pr�per�y fram its
<br /> present�ocati�n,e�cept for rep�a�ement,maintenance and r�lacat�an 7n the ardinary c�urse of bus�ness.
<br /> A�t�rations to the Propert�. Grantor promises �� a�s�au� from the commiss��n �f any �vaste on or in
<br /> cannection v�ri�h�he Proper-�y.Fur�her-, Grantor sha��make no ma�erial alterat�ons,addxt�vns or impr�vements
<br /> �f any type v�rhatsoe�rer to the Proper�y, regardless� of Vvhether such alteratians; add�tions �r i.mprovements
<br /> v�ould increase �he value of the Property, nor permit anyane to da so e�cept for tenant unprovements and
<br /> comp�et�an of i�e�ns pursuant to approved plans and speci�.cati�ns, withaut Lender's pr�or writ�en consent,
<br /> �hich �onsent may be withheld by Lender �n its s��e discret�on. Grantor v�il� comply vvith aIl Iavt�s and
<br /> regulatiuns �f al�pub�ic au�horit�es having jurasd�c�ion over the Properry in��uding,wi�hout limrtat�an,those
<br /> r�Iat�n�ta the use, occupanc}� and main�enance thereaf and shall upvn request promp�l� submit t� Lender
<br /> evidence of such comp��ance.
<br /> Due❑n Sa�e--�ender'�Consent. Grantor shall nv�se�I,fur�her encumber�r atherv�rise dispose�f,except as
<br /> herein prvvided, any or all flf i�s interest �n any par� of or al1 of the PrvperCy �i�hout firs� �b�aining the
<br /> �rritten cvnsent �f Lender. If an� encu.mbranc�, 1ren, transfer or sale or agr�einent f�r �.hese �s created,
<br /> Lender may declare im�nedxatel�due and payab�e,�he entire balance�f�he Ind�b�edness.
<br /> Insurance. Gran�or pramises to keep the Propert�insured aga�nst such risks and in such form as may vsrith�n
<br /> �he so�e discre��an of Lender be acceptab�e, �ausYng Lender to be named as �oss payee �r i.f reques�ed by
<br /> Lend�r, as mor�gagee. �The �nsurance compan� sha�x he ch�sen b� Grantor suhj ect t� Lender's approvai,
<br /> wh�ch sha�� n�� be unreasanably �v��hh�id. A�1 insurance p�Iicies must provide �ha� Lender v�ill get a
<br /> rninimum of 1U days no�ice pr��r to cancella�ion.At Lender's discretion,�ran�or ma�be requ�red��produce
<br /> rece��ts af paid premiums and renevsral pol�c�es.If Grant�r fails t�u�ta�n the requ�red ca�rerage,Lender may
<br /> du so a�Grantor's expense.Gran�or hereby direc�s ea�h and every insurer�f the Praper�y ta make payment vf
<br /> loss�o L�x�der wi�h the pr�ceeds t�be applied, only a�Lender's op�ian,t�the repair and replacement of the
<br /> damage or loss�r to be applied�a�he Indebtedness with the su.�plus,if any,tv be pa�d�y Lender���rantor:
<br /> Payment af Taxes and �ther Appl�cable Charges. Grant�r promxses t� pa� and to d�scharge liens,
<br /> encurnbrances,faxes,assessmen�s,lease payments and any o�her charges rela�ng t��he ProperCy�hen levied
<br /> or assessed agains�Grant�r or�he Pr�per�.
<br /> Enviranmental Laws and Hazardaus �r Toxic Materia�s. Gran�or and e�rery tenant ha�e been, are
<br /> presently and shal� c�n�inue t� be �n stric� c�mplian�e v�ith any applicable �oca1, s�ate and federa�
<br /> envirarunenta�laws and�regula�ions.Fur�her,neither Grant�r nor any tenant shal�manufacture,stare,handle,
<br /> discharge nr dispose �f hazardous or tox�c ma�er�a�s as may be define�.by any s�a�e or federa� lavv on�he
<br /> Prope�-ty, ex�ep� �� �he extent �he existence �f such maferials has been presen��y d�s��osed �n v�r�ting t�
<br /> Lender. Grantor v�r�l�unmedia�el�r n��Yfy Lend�r in�rriting�f any assez-tion or c��aim made by any par�y as�a
<br /> the pussible �i�la�zon �f applicable sta�e and federal en�i.ranmenta�. laws �nc�uding the Iocation Qf any
<br /> hazard�us or��xic materials an or abou�the Prapex�y. �rantor indemn��es and holds Lender harmless from,
<br /> �v�thou�limY�a�ion, any liabi�Ii� �r expense af�rha�s�e�er natu�•e incurred dire��ly or indirectly out �f�r in
<br /> connection v�ri�h: �a}any eaiv�r�nmen�a�Iaws affecting a��or any part of the Pr�per�y or�rantar;(b}the past,
<br /> present or future e�is�enc� �f any I�azard�us materials in, �n, under, a�ou�, �r emanating from �r passing
<br /> �hrough the Pr�per�y or any par�t�Yereaf�r any propert� adj a�ent thereto; �c� any past, present or future
<br /> hazard�us aGt���ty at or in conne�ti�n wi�h the Proper�y�r an�part fhereof; and (d}the noncamplYan�e by
<br /> Grantor or Gran��r's fa�Tur�to comply fu�Iy and tune�y�ith env�runmenta�laws.
<br /> Financial Information.Grant�r agrees to supp��Lender such financial and a�her information concernix�g��s
<br /> . affairs and the s�atus of any of its assets as Lender, from t�rne �o time, ma� reasonabiy request. Grantor
<br /> fiu-�her agrees tv p�rmi� Lender to verify acc�unts as �e1� as ta inspect, copy and t� �xam�ne the baok�,
<br /> records and�i�es of Grantor.
<br /> Lender's Right to Enter.Lender�r Lender's agents shali have the right and access�o inspect�he Praperty at
<br /> a�i reasanable ti.mes in �rder �o at�end to Lender'� int�rests and ensure ��mpliance v�rith the terms af�his
<br /> Security Insixument. If�he Proper�y, or an� par� ther�of, shail require inspection, r�pair �r ma�ntenance
<br /> wh�ch Grant�r has faxled t�prav�de, L�nder, after reasflnable not�ce, may enter upon the Praperty fa effec�
<br /> �240�-'�O1S Cnmpiiance Systems,In�.68F9-4DAE-��15.11.3.1a2S
<br /> Commercial Rea�Estate 5ecurity Instrument-n�ao7 Page 2 of 5 w�vw.cvmglianc.esystern�.com
<br />
|