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� � 2� 1 ��4� 18 <br /> such abli�ation; and �he c�s� ther�af sha�� be add�d �a �he Indeb�edness and paid on Lender's demand by <br /> Grantor. <br /> ASS�GNMENT �F LEASES AND R�NTS. As addi�ional seCurity far the paymen��f���e Indebtedness and the <br /> perfarmance of the cavenants confaxned herein, Cran�or hereby assi�ns and transfers o�er ta Lender a�I renfis, <br /> income and profits �"Rents"} under any present or fu�ure l�ases, subt�ases or Ii�enses of�he F�operty, inc�uding <br /> any �uarant�es, extens�ans, amend�nen�s ar renewa�s �hereof, from �he use af the Property. So lang as Grantor is <br /> na� in defau�t, Gran�or may re�ei�e, co�le��and enjoy alI Rents accruing from the Propert�, bu�not more than one <br /> month in advance of th� due date. Lender may also reyu��re Graptor, tenan� and any a�her us�r of�he Property fia <br /> make paymen�s of Rents d�re�tl�to L�nder. Hawe�er,by recei�inb any such paymen�s,Lender is na�, and sha�l not <br /> be cansidered, an agen�for any pa��ry or ent�ty. Any amoun�s co�lec�ed may, at L�nder's sol� d�scretion, be ap�lied <br /> to protect Lend�r's interes� in the Proper�y, �ncluding bu� not �im�ted tn the pa�ment of taxes and insurance <br /> pr�miums and �a �he Indebtedness. A� Lender's so�e d�scre�ion, a�l �eas�s, sub�eases and licerases mus� frst be <br /> appxo�ed by Lender. <br /> �QNDEMNAT��N. Gran�or sha�l give L�nder notice of any ac��on taken flr�hrea�ened�o be �aken by pri�a�e �r <br /> publi�entities t�appropriate the Proper�y�r any par�fihereaf,thraubh condemnation,em�n�nt domain or an}�a�h�r <br /> actian. Fur�her, Lender sha�l be pe�-mitted to par��cipate ar in�er�ene in an�of�he abo�e described proc�edinbs �n <br /> any �-nanner it shall at its saIe discr��ion determine. Lender is hereby ba�en fulI power, ribht and au�har�fiy �a <br /> recei��and re�eip�f�r any and all dama��s awarded as a r�su��of the ful� or par��a��ak�n�or appropr�a��on and �n <br /> �ts so�e discre���n, to apply said awards tfl the Indeb�edness, whe�h�r or not�hen due or ather�ise �n accordance <br /> vv��h app�icabie �aw. Unless Lend�r a�herw�se a�rees in writ�ng, any app�ica�ion of proceeds �a �he �zadebtedness <br /> shail n�� ex�end or p�stpone �he due date af�he paymen�s due under �he Xndebt�dness �r change �he amount of <br /> such paymen�s. <br /> GRANT�R'S ASSURANC�S. A� any �ime, upon a �eques� of L�nd�r, Grantor w��i ex�cute and del��er �� <br /> Lender, and if appropriate, caus� tfl he recorded, such further m�r��a�es, assignments, ass��nmen�s of Ieases and <br /> ren�s, s�curi� a�reemen�s, p�edbes, f taanc�nb sta�emen�s, or such other dacumrent as Lender may require, in <br /> L�nder's saie discretion, to effec�u�t�, campiete and�o perfec�as we�� as�a can��nue to preserve�he Indeb�edness, <br /> �r�he�ien ar secur�ty in�eres�created by�his Securi�y Ins�rum�n�. <br /> ATT�RNEY-IN-�FA�T. Gran�or appoin�s Lend�r as at�orney�-in�-fact on behaIf af Grantor. �f Gran�or fails to <br /> fu�FIl any of Grantar's �bliga�ions under �his Secur��y �ns�rumen� ar any Re�ated Documenfs, i�cluding fhose <br /> abli�ati�ns men�ianed in the precedina para�raph, Lender as at�orney-in-fact may fu�f�1 the obligations wi�haut <br /> not�ce ta Gran��r.This power of attorney shali nat be affec�ed by the disability af the Gran�or. <br /> EVENTS �F DEFAULT. The fallovvina e�ents sha�l canst�tute default under this 5ecuri�y Ins�rument �eac�� an <br /> "Event�f D�fault"�: <br /> �a} Fa�lure to ma��required paymen�s when du�under�ndebtedness; <br /> �b� Fa�lure to perform or keep �.ny of�he co�renants of this Se�uri�y Instrument or a d�fau�t under any of <br /> the ReIa�ed Documents; <br /> �c} The ma�in� of any oral or writt�n statem�n� or assertion to Lender tha� is faIse or misZead�ng in any <br /> mat�rial respect by Gran�or or any person�bligated on the Indebtedness; <br /> �d} The deat�a, disso�ut�on, �nsa�vency, bankrup�cy or rece��ership proceedin�of Crantor or af any persan <br /> or�ntit}�obli�a�ed on�he znde��edness; <br /> ��} Any assignmen�by�rantor for the benef�af�ran�or's credi�ors; <br /> �� A material ad��rse change o�curs �n �he fnanc�a� condz��ony ov�nership ar manag�me�a� of GrantQr ar <br /> any person ob�ibated on the �nde�t�dness;or <br /> ��} Lender deems itself insEcure for any reasan whatsoe�er. <br /> REMEDIE� �N DEFAULT. Upon the accurr�nce af an E�en� af Defaul�, Lender may, wi�hou� demand or <br /> notice, pay any or alI taxes, assessm�nfs, prem�un�s, ar�d ��erts requir�d�a be pa�d by Gran��r, effec�any �nsurance <br /> pro�ided for herein, make such repa�rs, cause�he ahs�rac�s af�itie �r ti��e insurance p�licy and tax hist�ries of�he <br /> Property ta be cer�ified �� date, or procure new abs�racts of�i�le or �itle �nsurance and tax his�ories in case n�ne <br /> were furn�shed to i�, and pracure �i�Ie r�p�r�s co�erxnb th� Prop�r�y, xnc�udxn� surveys. The amaun�s paid far any <br /> such purposes wiil b� added�a th� �ndebtedness and v�i1� bear �nterest at�he ra�e of in�erest�the�wise accruinb�n <br /> the �ndebtedness unti� paid. In the even� of fareclosure, �he abs�rac�s af�i��e ar �itle insurance shall beGame �h� <br /> property of Lender. AIl abstrac�s af ti�le, �it�e insurance, tax h�stor�es, surveys, and a�her documen�s pertaininb ta <br /> the�ndebt�dness wiI�r�main in L�nder's possession un��I fhe Indebtedness is paid in ful�. <br /> �N T�E E�ENT 4F THE SALE t�F THIS PRC�PERTY UNDER THE PRa�EDURE F�R F�RECL4SURE�F <br /> A SECUR�TY INSTR[]MENT BY ADVERTISEIV��NT,A5 PR�V�DED BY APPLICABLE LA�,�R IN THE <br /> EVENT LENDER E�ERCISES �TS R.�GHTS UNDER THE ASS�GNMENT C]F LEASES AND ftENTS, THE <br /> LENDER SHALL PR�V�DE ALL STATUT�RILY REQU�RED NUTI�ES �F SALE ANL� N�TICES C)F <br /> JUDI�IAL HEAR�NGS BEF4RE LENDER E�ER��SES ANY �F IT5 R�GHT� UNDER THIS <br /> ZNSTRUMENT. <br /> Up�n th� occurrence of an Even�of Defau��, Lender may, w�thout no�ice un�ess r�qu�red by lavv, and at its aption, <br /> declare the en�ire Ind�btedness due and payable, as i�may electi, re�ardless�f the da�e or dates of matur�ty�hereaf <br /> and, if p�rmi�ted b�s�ate law, is author�z�d and empowered to cause�he Property to b� soId at pu��ic au�tion, and <br /> �o �xecute and deii�er t� the purchaser�r pur�hasers at su�h sale any deeds �f c�nveyance gaod and sufficien� a� <br /> �aw,pursuant to the statute in such case made and provided. The Trus�ee shali apply�he pr�ceeds of fihe Trustee's <br /> sa�e, first, to the costs and ��penses of exerc�sing the poWver of sale and of the sa�e, inciudin� �he paym�en�of�he <br /> Trus�e�'s fe�s a��ual�y incur�ed; se�ond, to payment of the obIibat�an s�cured by the �rus� deed; third, �o the <br /> �24a4-2015 Com�Iiance Systerns.Inc.d8F9-3d�'6-24]5.3 I.3.i D2S <br /> Cammercial Real Estate Sec�frity Instrurr�ent�DL4Q�7 Pa�e 3 of S www.c�m�liancesyst�ms.�om <br />