2� 1 ���349
<br /> Paym�n� of Tax�s and �t�xer Appl�cab�e C��arges. Gran�oz=px-omises t��pay and t� d�s�harge �iens,
<br /> encumbrances,�ax�s,assessmen�s,lease�ay�nents and any❑th�r charges relatin��a t�ae Pr�pex•��he��Ie�ied
<br /> ar assessed agains�G�•a��t�r�r�he Frope��y. . � .
<br /> Envir�nmentaZ X►aws and Hazardous:ar To�ic IUlaterials. �ra��tar azld e�ery �enant have been, are
<br /> presentiy and shal� coY�.��nue t4 be in s�rict co�npliance ��th a��y applica��e loeaX, sta�� and fede�-a�
<br /> �nvu oxux�en�a�lavcrs and regulations.Fur�he�•,nei�her Grantflr n�r any tenant s��all ma��ufac�ure,s��re,handle,
<br /> dis�harge or d�sp�se of ha�ardaus or�ox�c znate.ria�s as may b� def�ned by any state or federai �avv�n�he
<br /> Fraperty, excep� �a the extent �I�e �xi.sten�e of such�znater�a�s has been p�esen��� dzsc�os�d �.n w7•i�ing to
<br /> Lender.Granfor wi�l izx�unediate�y no�ify Lender-in�wr�ting of ar�y assertiax�or clair��nade by any party as to
<br /> th.e p�ssibl� v�olatian.�of a�p�iGabie s�ate and fed�ral e��v�x-o�unen�al �aws in��udu�g �he I�cati�n of an.y
<br /> hazardous or�o�ic ma�erxals on ar abaut tihe Froperty.Grantor indexx�nif es and holds Lender�arinless from,
<br /> w�thout�im��ati�n, an��I�abi.��ty ox-expens� of wliatisvever,nature�incurred direc�ly ox• u�diz•ecfi�y ou�af or�n
<br /> conn�c�ian�vith: �a�any enviuron.mer��al�aws'aff����ng a�i or any par�af�he Praperty or Grantor;{b�the past,
<br /> presen� or future .e�is�ence of an� hazardo�is materia�s in, c�n, under, abaut, or e�x�ana�uzg fronr� or passing
<br /> throu�h th� Property or an� pa�� �.�ereof or any:property adjace��� �here�o; t�� any pas�, presen� ❑Y• fu�ure
<br /> hazardaus ac�ivrty a�or ul �oiu�ect�on wi�h the Praperty or a��y par��1�.��•eaf; anc� [d� ��ae�aanc�mpliaX�ce by
<br /> Gran�or or Grantnr's fail�re�a coznpl�fu���arid tvnely.vvi�I�.en�iroxunen�a�laws.
<br /> F�nancia�Infvrmatzo��.Gran�or ag�•ees ta supp�y Lender su�h�'�nanGxa�a�ad�t��er znfarmati�n concex•ni.x�g its
<br /> affairs and �Iae status af a�y �f its assets as Lei�der, frQm �ux�e.to tv.ne, rnay r�asona��y reques�. �ran�or
<br /> . further agrees �o perm�t Lende�• �o verzfy accoun#s as we�I as.�� u�spec�, cop� and �o exa�n�.ne fhe boo�cs,
<br /> records and fles of Gran�or. . :
<br /> LeY�der's Right�o Enter.Lender ar Lender's agents shall.ha�e�the right and access to�nspect the Proper�y at
<br /> al� reaso��abl� �unes ua,arder f:o attend t� Let�.de��'s inte�•est� and' erisure Ga�np��a�ace�w��h�he �er-nas af this
<br /> Security Ins�rumenti. �.f the Praper�y, or an� part �heret�f, sha����•equire 7ix�specti�an, repau- Qr main��na�.ce
<br /> v►�h�ch Gran�or has fai�ed fo pr��ide, L�nder, a�:ex r�asanab�e natic�,may ent�r upon�1ae�'raperty�o effect
<br /> such ab�iga�ian; and the cos�thereaf sha�� be add�d to t�.e �ndehtedness and paid on Lend�r's delnand by
<br /> Grantor. � � �
<br /> ASSIGNMENT�F LEASES AND RENTS.As addY���na1 securif.y far��.e�ayme�i�af�he�ndeb�edness and the
<br /> pez-farmance o��he cove��ants canta�ned herein, Gran��r herel�y assxgz�s and t�•ansfers o�er t� L�nder a�l rents,
<br /> incame and profitis �"Ren�s"� uzader any present or fu��u-� leases, sub�eases or lx�enses of�Iie Px�per�, in��uding
<br /> any guaran�ies, ex�ensians, am�nd�me�l�s ar renev�als�hereaf, firom.��ae use of the Prope�-ty. �o lang as Gx ant�r is
<br /> nati in defaul�,Gran�or ma�r z ecezve, co�ie�t an�d�en�v�a�l Rer�#s a�cruin�fraln the Prapez-�,bu�no�more than o�e
<br /> znanth in advanc�a�the due date. L�ender may alsa requi�-e Grantor,tenant and any:o�her user af the Proper�y tv
<br /> make paym�nts of Rents du ecti��a Lender.Ho�rever,h�re�eiving any such payxx�en�s;i�ender zs zxat,and sha�l nat
<br /> be cansidered,an agent fnr a��y paY-ty�r en�ity.Any amoL��.ts coZ�eGte��ay,at Lenr�er's soie discre�i�n,be appl�e�
<br /> t� prote�� �ender's in�eres� �in the Praperty, xnc�uding but not �zm�ted to t�1e paymen� of taxes and �nsurance
<br /> �rem�ums and fia� the �ndeb�edne�s. A� Lendez•'s sale d�scre�ion, aIi leases, subleases and �zcenses xnus� f�rs� be
<br /> a�pr�Wed by Lender. .� � � � � � -
<br /> . � . r
<br /> G�I�1�]EMNATI�N.Grantar sha�l gi�e Lender Y�otic���f an�a��ion�a�en or�hreatened�o be�aken by private or
<br /> pub��c en�i�Xes�o appropria�e�he Propez-�y or any part�:here�f,th�-ough con�emz�atioM,e�ninen�dozr�axn or a�ny vther
<br /> action.Fur�her�Lender shali be perza�.i��ed�o pat-��cipa�e.or,inter�v�ne xn any�f�he above descrxbed prflce�dings in
<br /> any znanner xt shall at its sole discr��ian �ieter�ni�.�e. Lender �s her�b.y gi�e�� fi.�i� power, rzght and authari� to.
<br /> z e�eive and receip�for an�an�all damages a�varded as a�-esult of�he fu�l ar par��al�aking or appraprxa��an an�in
<br /> ��5 5��� C�15CX��1�Z1,�o app�y sa�d a�a�ds tfl�he Indeb�ec�n�ss,v�he�her or nat�hen due �r a�Iier�v�se in acc�rdan�e
<br /> w�th app�icab�e ]aw, LTnless Lende�r other�vise ag�ees,u1 wrxting, an�appl�catian of pra�eeds t�the �ndeb�ednes�
<br /> s��a�I nat ex�end or postp�r�e the due date af the pa�nY%�nts due under th� Zndeb�edness �r charage �h� amaunt of
<br /> such payments. � � . , .
<br /> GR.ANT[]R'S ASS[]RANCES. A� any time; u�on� a x�ques� of Lender, Grant�r wi�I �xecu�� and de�zve� ta�
<br /> L�nder� and xf a�proprza�e, cause ta be rec�rded, such further xuar�gages, assigrunen�s, assignment�of Ieases and
<br /> ren�s, secur�t� agreem�nts, �l�dges, f�x�ancixa.� state�nez�ts, or su�h a�her d�cument as� Lender may requix-e, �n
<br /> Lender's so�e discre�ion,�❑effectu.a�e, complete and to�perfect as well as ta continue��preser�e�he Indebt�dness,
<br /> Qr�.�e lx�n❑r se�urxty interes�created b�this Secu�ri�Ins�ruunen�. � .
<br /> ATT�RNEY-I�--FACT. Grantor appai��.�s Lender as a�torney-in-fac� an behalf af Gr�ntar. Zf Gran�or f�.ils ta
<br /> fulf 11 any o�Grantar's obliga�xvz�s under �his Secu��� Znstruinet�� a� a�xy Re�a�ed�I�o�ument�� in�luding th�se
<br /> ob�iga��ons �nentivned i.n tlie preced�ix�g para�raph, Lender as attarney-in--fac�may fulfzll �he �bliga��ans wit��.out
<br /> no��Ge�o Gran�ar.This power of a�tarney s��.a�l��.o�be affected b�t��e disabi�i#.y�f�he Gran�ar.
<br /> E'LTENTS DF DEFAUL�. The fa��owu�g even�s-shai� consti�ute defaulC under thzs Secur�.ty�ns�rument�ea�h an
<br /> "E�en�flf�]efaul�"�: � � �. . , �
<br /> ta} Fa�Iure to mal�e requised pay�nents when du�unde�I�xdeL�tedness; -
<br /> �b} Fa��ure�o pei-�'orm�r l�e�p �.ny of the.covex�ants of th�s 5ecuri�y I��st�ument or a defaui�under any of
<br /> the Reiated�7Qcumer���; � - � � ,
<br /> �c� The mak�ng of any ora� or v�rx�te��sta�e�nent or�assertion�a Lender�l�at�is fa�se or misleading in any
<br /> � ma�erial respe�t by Gran�:�r oi any person�b�igate�on th��ndebtedness; �
<br /> �d} The dea�h,dissv�u��on,inso�ve��cy,bankrup�cy or recez�rers�i�pr�ceedu�g�f�rantar�r of any pers�n
<br /> ax en�it}��bligate��n�h�In�.ebt�dness; �� � .
<br /> ���4-ZD iS Cvmpliance Systems,Inc.3 914-32�#5-2�1 S.i�.2.1�3 5 � ° . .
<br /> Cammercial Constree�tian Sec�rity instrur�zent-bL�UD7 . ; . Page 3 0�6 ' : ivr�w.compliancesystems.eam
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