2� 1 ���341
<br /> hazardous ��ti�ity a� ar in co��n�c�i�n�i��a th��'roperty c�r�.ny pa���hereof; a�d �d� �he no�aco�nplianGe b�
<br /> �rantvr�r Grantox�s�a�Xu.re�o coxnp�y fui��and tunely�rith en�i�rc�n�me�atai�aws.
<br /> Financial�nfarma�ion.Gra���:or ag�rees�o supp�y Lender suG�a fnancial an�at�aer�nforma�inn cvncern�ng its
<br /> affairs a�d �he status �f an� af�ts �s�e�s as �end�r, �razx� tun� �a tixxie, naa� reasonab�y xequest. �ran�or
<br /> fur�her agrees to per�ni� Lender �o verify a�coun�s as we�l as �o ��spe�t, copy a�zd �o eYa.mine the books,
<br /> re�ords and files�f Gran�or. .
<br /> Lender's Rig�xt t❑�n�er.Le��der aar L�nder's agen�sha��ha�ve�he�r�gh�azld ac�ess�o it�spect�he Property at
<br /> a�� reas�na�Ie �imes in �rder �o a�te��d to Lender's ua�erests and ensure coxnp��ance �x�i� �he �en��s of�his
<br /> Security �ns�ru�en�. �f the PraperCy, ��- an� paa-� �h��•eaf, s�all requixe insp�G��aza, repaix or �main��na��e
<br /> vv�ic� G�antar has �`aiied�� pro��de, Lex�c�er-, after reasanable not�ce,may ent�r upan tlae Property�o e�fect
<br /> such ol��igation; and fhe cost �here�f shali b� a�d�d �o the �nd�b�ed��ess and paid on Lender's dem�.nd by
<br /> �ran�or. ' . �
<br /> ASSIG�N.�ENT�F LE�.S��.�,��RENTS.As addi�ional securxty for���pa��nen�a��hE u�deU�edness �.nd t��e
<br /> p�rform.ance �f�he covenan�s calxtait�ed hereua�, Grar��or liereby ass��ns and t�a�.sfers over �� �,e�ader a�� rez�tis,
<br /> �ncame and pro�ts �"I�ents"� under any pre�ent ar future leases, sub�eases vr I�ce��ses �f t��.e Propez-ty, u�.cluding -
<br /> any guara�at�es, ��ten.si�ns, a�nez�dmexl�s �r rener�a�s�hereaf, ftam�he use�f�he 1'�•operty. S❑ Iong as Grax���r is
<br /> not u�default,Grar��or�nay re�exve, co��ec�and enjoy ali R�n�s ac�ruing�ro�n�lle��•o�e�y,bu�nQ�mor�than one
<br /> manth�.n ad�anc� af the due�da�e. I�ender ma� a�so r�quix-e Grax��or, tenan��.nd any.a�h�r us�r of�h� Proper�.y�a
<br /> ma�Ce payments of Rents d�re��Iy�a Lender.Il�v�e�er,�b��e�e�vll�g an�r such pa�nent�,Lez�der�s no�� and�hai�n��
<br /> be��nsrd�red, an a�en�f�r an�par��a�r e�tity. .�iy a�nou.nfi��ai�ec�ed may, at�erzder's sole discre�zon,be�pp�xe�
<br /> to protec� ��nder's in�eres� in �I�e Properry, ir�clud�n.� bu� na� �iuni�ed �a �he pay�n�n� of ta�es and ll�Sur�X1C�
<br /> premxums an� t❑ �e Indeh�edness. At Lender'S sole discre�ian, all �eases, subieases� and 1zce�ases �nust fu-s� be
<br /> appro�ec�b�Leuder. . �
<br /> C�NDEMNATI�N.Cra�n���-shall give Lender�.otx�e of any�.c�ian#aken ar t�a.reatened�o b�taken by pri�ate or
<br /> publxc eri�i�xes to appropria�e�he Prope�rty or any par��hereof,�hrough condemna�iaxx,emi��en�domau�ar an�a�her
<br /> a��x�n. Further,Lender sha���be per�xutted�o par�i���a�� �r u��erven�in any flf the ab�ve des�r-x�ed proceedings �a
<br /> any naaxix�er it sha11 at i�s s��� discre���x� detex7a.�u�e. Lender is hereb� g�v�n fu�� p�wer, righ� and au�hority ��
<br /> r�ceive and reeei����r any and a��damages awarded as a resu�t of�he fu��az•par�ia�tai�v.ag or a�prapr�a�ian a�a��n
<br /> its so�e discre�zo�, �o apply �aid awards�a �h� IndeUfi�dness, whether o�-nat tla�n du� ax o�k�erv�is� in a��orda�lc�
<br /> ��th app��ca�Te lav�r. Ux��ess Lelader o�hex-v�xs� a�rees in v�ri�ix�g, any appircatio�a �f proceeds �a �k�e Indebted.nes�s
<br /> shail n�� extend ar post�one�he due date a��he payxnen�s du� under'�he �ndebtedx�ess ar chan�e the amnun� of
<br /> such p a�men�s. � ;
<br /> �RANT�R'S ASSURANCES. At a�.y tim�, upon a request a�Lender, �ran��r�wi�I execute ax�d deliWer �o
<br /> Lender, and if appropr�at�, cause to�e recarded, suc��fur�h��-xnortgages, ass��nxn�n�s, a�sigr�nen�s af�ease��nd
<br /> ren�ts, secur��y agreemen�s, pledges, f nan�xng �tatem�nts, or such other docun�ent a� L�nd�� �nay re�uire, �a
<br /> Lenc�er's sole d�scretion,ta effectua�e, compie�e and to perfe�t as�u�e�� as t�can�ix�ue to pres�rve�he�ndeb�edness,
<br /> or th�l�en�r securxty ua�eres�erea�ed by thYs SeGurity Ins�rumen�. �
<br /> ATT��tN�Y-IN-FACT. Grantor appflints Lender� as a�tarne�-�n-fact �n beh.a�f�f Gran�or, If�ra�.��r �`ai�s t�
<br /> fu.�f�l� a�y �f Grantor's o�lig�txons �.r�der �l�zs S��ur��y ��s�rum�nt or any Rela�ed��octunen�s, �.nc�udin� those
<br /> �bligatians ment�aned xn �he �i-ecedin� para�ra�h, Lendez as attc�rney�in-�ac� �na� fu�f�I ��.e ab��gatxa�ns w�thou�
<br /> notice�o Grant�r.This pa�ver of at��rne�sha��na�be affec�ed by�he dxsabx�ity af�he�ran�ar.
<br /> EV�NTS �]� DEFA�U�T. The fo�Xo�uag e�ve�ts shal� c�nstituxe d�fault under thzs SeGur�#.y zns�rumen� �e�ch an
<br /> "Eve�.t of I�efault"�: . �
<br /> �a� FaiX�re t�make requir�d p�.ymerits vvhe��due uY�.d.er Inc�ebtedness; : �
<br /> �b) Fax�ure ta perfor�n or keep an� ���l�.e �ovenants of�his Securi�r Instr�un�n�or a defaui�uxader any of
<br /> fihe Rela�ed I]a�umen�s; _
<br /> �c� The xnaking af any aral ax wri�ten sta�ex�en� or assert�on#o Lender�hat is �'alse �Y•�n�s�eading i.n any
<br /> ma�eria�respe�t b�GraY�t�r ar any person�b��ga�ed on�h���adeb��dness;
<br /> �d� The death, dissa�u.��o��.,u�.solvency,�a�rup�cy�z receivers�aip prviceeding�f�ran�or��af a�a�persQn
<br /> ar enti�y vbli�a�ec�on�he Indeb�edness; �
<br /> �e} Azly a�signrnen�by Gran�ar f�r�he beneft of Gran�or's cre���ors;
<br /> �f� A�na�er�a� adverse chang� �ccurs �n�the fi�.ancial �onditiun, avvxa.ership �r managernent of�ran�or flr
<br /> any p�rs�n�hl��ated an�he�nde��ed�ess;ar �
<br /> �g� �...��.dez�ee�r�s i�sel�u�sE��re fo�•any reason w�a�ats�e�er,
<br /> RE�EI]IES �N D�FAilL'�. UpQn �he a�ccurrence af all Ev�n� vf Defau��, Lende�- �nay, vv�tl�ou.t �ein�nd �r
<br /> �aotx�e,pa�r any or a�l fiaxes, assessmen�s,prexx�.iu�s, and I�ens required�o be pa�d i�y Gran��r, effec�a��y ixasurance
<br /> pr�vided for h.erein,�nake suc�i repa�rs, �ause�he abstrac�s of ti�le or ti��e ulsurance pol�cy and�a�histories�f�h�
<br /> Prt�p�rty to he ce�i�ied�o da�e, ❑r pracur�r�e�r ahs�ra�t� �f t����or ti�le insurat�ce and tax h�s��r�es i� cas� n�ne
<br /> were�ur��.shed�a� i�, ar�d�raGure�����repaz-�s ��werix��the Prap�r�� inc�.udi��g�uz veys. The amoun�s paid f�r an�
<br /> such pLu�pvses w�ll be added�o th��ndeb�edx�ess and w��l bear in�eres�at�he rate of�ntei•est othervc��se accruir�g an
<br /> the Lndeb�edness unt�� �aia. �� the evex�t of�orec�osure, th� abstracts,of��tle �r �xtle insu�rance sha�l beco�ne �he
<br /> praper�y of Lend�r.A��.a�st�-acts af�it�e,ti�Ie insurance, �ax h�star��s, swt veys, and o�her do�una�en�s pe�-�ai�ain��o
<br /> �he 3ndeb�edness w�il re�ain=��Lender's pvssession un��i�lae��ade�tedn�ss is paid��a fui�.
<br /> IN�'HE EV�NT�F THE SALE�F THIS PR�PERTY UND�R T�IE PR��EDURE F�R FC�RECL�SURE(�F
<br /> A SECURx.�`Y`INSTRUMENT F3Y A.DV�R7'iSEN�NT,AS PR�VI�ED BY'APPLICABLE�A�,�R IN TI�
<br /> C��D�4-2��5 Cvmpliance Systemsx Inc.39I4-I'S�F��415.]2.2.i 03fi .
<br /> Comrner�ial Rea�Estate Security Instrument-nL�v�� Pase 3 aF5 . ww►�.compitancesystems.ca�n
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