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��I�NMENT' F RENT'S an
<br /> � r ` V1 ��4242
<br /> L�a� No. �`T����'�� ����1t1 n��d] ��ge �
<br /> inter�sts, encumbrances and other claims, at any time le�ied or placed on the Ren�s or the Prvper�y and paying all �asts
<br /> �or insuring, maintaining and preser�ing the Proper�y. Ail such expenditures incurred or paid by Lender �or such
<br /> purp�s�s wiif then bear interest a#the ra�e charged under the No�s from the da�e incurred o�paid by Lender�o#he dafe
<br /> of repayment by Grantor. Afl such expenses will becom� a part a�the �ndebtedn�ss and, at Lender's option, will �A}
<br /> be payabfe on demand; �B} be add�d tv #he balan�e of the Note and �e appo�tioned among and be payabi� ►rvi#h any
<br /> installment payments to become due during eithe� �1} �he �erm of any appl�cable �nsu�-ance palicy; or �2} the
<br />�`� remaining term o� �he Note; or �C} be treated as a ballaon payment which wi�l be due and payable at the Note's
<br /> ma turi ty. T he Assignmen�a lsa wi f l secure payment af these amounts. Such right sha�f be in addition tv al! other rights
<br /> and remed�es to which Lender may be entitled upan Default.
<br /> C�EFAIILT. Each a�the�ol�owing, at Lender`s�p�ion, shall cansfii�u#e an E�ent o�Defauit under�his Assignment:
<br /> Payment Default. Barrower�ails to make any paymen�when due under the Indebtedness.
<br />"�� Uther De�au�ts. Barrower vr Grantor fails �o comply wifh or tv per#orm any vther t�rm, obligation, co�enanfi or
<br /> conditian �ontained in this Assignment or in any o��he Related Dvcuments or #o camply wi#h vr tv perForm any
<br /> ferm, obli�at�vn, cn�enant or condi#ion contained in any other agreement between Lende�and Borrawer vr Granfor.
<br /> De�ault on �ther Paymen�s. Failure o�Grantor witnin the time requi�-ed by�his Assignment tv make any payment
<br /> fo�taxes or insurance, or any other payment nec�ssary tv preW�nt ftling of or tv ef�ec�discharge o�any�ien.
<br /> Default in Fa�or o�Third Pa�ties. Barrvwer, any guarantor or Granto�-d�fau�ts under any loan, extension o�credi�,
<br /> security agreem�nt, purchase or sa�es agreement, or any other agr�ement, in�a�vr�f any other creditor vr person
<br /> that may materially aff�c# any of Barrower's, any guarantvr's ar �rantor`s prvpe�y or abi�ity tv perform their
<br /> respecti�e�#�I�gations under this Assignmenf or any af the Related Documents.
<br /> False Stat�ments. Any warranty, r�pt��sentation or stafem�n�made or furnished�v Lend�r by Bvrrow�r ar Gran�or
<br /> or on Borrower's vr Grantvr's behaff under�his Assignment�r the Related Documen�s �s fa�se or misleadin� in any
<br /> mater�a� resp�ct, ei#her now or at the time made or furnished or becomes �alse or misleading a# any time
<br /> ther�after.
<br /> De�ectir►e Collaterali=ation. This Assignm�nt or any of�he Related DoGuments ceases fa be in fufi for�e and effect
<br /> �in�luding fai�ure vf any cvllateraf dvcum�nt�v create a�alid and p��fiec��d security interest or lien} at any tim�and
<br /> for any reason.
<br /> Death o�Insol►►ency. The dissvlution �r terminat�on of Borrower's or Gran�ar's existence as a go�ng business, the
<br /> insolvency of Bor�vw�r ar Grantor, the appv�n�ment a�F a recei�er far any par� o�gflrrower's or G�-antor's property,
<br /> any assignm�nt far the benefit of credit�rs, any type vf creditor wvrknu#, vr the cvmmencement vf any proceeding
<br /> under any bankruptcy or insvi�en�y iaws by or against gorrower or Gran�ar.
<br /> Creditvr or Forfei�ure Proceedings. Commencement a�forec��sure or fvrfei�ure proceedings, whe#her by judicial
<br /> proceeding, se�f-he�p, repossession or any other m�tnod, by any creditar of Bflr�-ower or Gran#ar vr by any
<br /> gavernmental ag�ncy against#ne Rents or any prop�rty securing th� lndebtedness. This inGludes a garnishment�f
<br /> any o�E3vr�-ower's or G�-ant�r's acc�unts, including deposit accoun�s, with Lend�r. Howe�er, �h�s E�en#o�Default
<br /> shafl nat apply if�her� is a gQod �aith dispute by Borraw�r or Gran�or as to the �alidity or reasonableness of�he
<br /> cfaim which is the basis �f the creditor vr fo�-feiture proceeding and i� Borrower or Grantor gives Lender written
<br /> no�i�e of the creditor vr forfeiture proceeding and depvsifs w�th Lend�r mon�es or a surety band for the creditor or
<br /> forFe�fiure pro�e�ding, in an amount determined by Lender, �n its so�e discretion, as be�ng an adequa�e res�rve or
<br /> bond fo�-�he dispu�e.
<br /> Pr�p�r�y�amage rar�.v��. The Property is lost, stolen, �ub�t�n�€ally damaged, sold, or borrowed against.
<br /> E�ents Affe�ting Gua�antvr. Any vf th� preceding e�ents occurs wi�h respect to any Guarantor of any a� the
<br /> �ndebtedness or any Guaranfor d�es or becvmes incamp�tent, or re�okes or disputes th� �alidity af, or lia�i�ity
<br /> under, any Guaranty ofi�he �ndebt�dness.
<br /> Ad�erse Change. A materia� ad�erse change occurs in Grantor's �inancial condition, or Lend�r bel�e�es �he
<br /> praspec�af paym�nt or per�orman��o�the lndebtedn�ss is impaired.
<br /> insecurity. Lender in gaod faith belie�es itself insecure.
<br /> Cure Prv►►�s�ons. If any default, �ther than a de�ault in paym�nf, is curable �nd if Grantor has not b�en gi�en a
<br /> notice of a breach of#he same prv�isivn ��this Assignmen� within the preceding twef�e {1�} mvnths, it may be
<br /> cured if Grantor, after Lende� s�nds written notice to Borrawer demanding Cure ofi such default: �1� cures the
<br /> defaul� with�n �hirty �3D} days; or �2} i��he cure requires more �han �hirfiy �3C]} days, imm�dia�e�y �nitiates steps
<br /> which Lender deems in Lender's sole discretivn �o be su�fc�ent �o cure the defau�t and #h�r�after cvntinues and
<br /> cvmpietes a!I r�asonabfe and necessary steps suff�ient to produce complianc�as svon as�easonably practical.
<br /> RIGHTS AN� REMEDIES UN DEFAULT. Upon the o��urrence n�any E�ent of Defauit and at�ny�ime�hereafter, Lender
<br /> may exer�is� any one or more ofi th�fallawing rights and remedies, in addi�tion tv any othe�-rights ar remedies pro�ided
<br /> by law:
<br /> A��elera�e lndebt�dn���. L�nd�r shail ha�e �he right a� �ts optivn to de�fare the en�ire Indeb�edness imm�dia�ely
<br /> due and payabl�, including any prepayment penalty#hat gnr�vwer would be required to pay.
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