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2� 1 ���349
<br /> �e} Any assignment by Gran��r for�`he benefit�f Grant�r's credi��rs;
<br /> �f� A ma�erial ad�r�rse change �ccurs in the f�nancial conditivn, ownership vr managemen� vf Grantor or
<br /> any person obl�ga�ed an the Ind��tedness;or �
<br /> (g} Lender deems i�se�f insecure for any reas�n wha#soe�rer.
<br /> REMEDIES �N I3E�'AULT. Upon the vccurren�e of an Even� of Defaul�, Lender may, vvithQut demand or
<br /> no�ice,pay any or a���axes, assessments,premiums, and l�eris required�o he paid by�rantor,effec�an}�insurance
<br /> provided f�r hereu�.,make such repairs, �ause the abs�racts of title�r��tle�nsurance poiic�and ta�his��r�es of the
<br /> Pr�perty to be certified t� date, �r�ro cure�new abstracts of�itie or t�t�e insurance and�a�hYs��ries in case none
<br /> were furnished t� ��, and pra�ure���Ie rep�r�s covering�he Pr�per�y, in�luding sur�veys. The amoun�s pa�d for any
<br /> such purposes v�ril�be added���he Indeb�edness and wi�l bear�n�erest a�the rate of interes��ther�v�rise accruing on
<br /> the Inde��edness until paid. In.the event of fore��osu.re, the abstiracts of tit�e ar titl� insurance shal� be�ome the
<br /> proper�y af Lend�r.A�l.abstrac�s �f�i�1e,t��le irisurance,ta.��v.��ories, sur�eys, and��her documentis perta�ning tfl
<br /> the Indebtedness v�r�ll remain in Lender's p�ssession until�he Indeb�edness is paid in ful1.
<br /> �N THE EVENT�F THE SALE�F THIS.PR�PERT`Y I�NDER THE PR�CEI]URE F�R F�RECL�S�JF�E�F
<br /> � �
<br /> A SE�URITY INSTRUMENT BY�AD�VERTISEMENT,A5 PR��ID�D BY APPLrCABLE LA.ViT,aR IN THE
<br /> EVENT LENDER E�ERCISES ITS RIGHTS UI�TDER THE.ASSIGNMENT QF LE�SES AND RENTS, THE
<br /> LENDER SHALL PR�VII]E ALL .STATUT�RILY REQUIR.ED N�TI�ES �F SALE AND N�TICES �F
<br /> N�ICIAL HEARINGS BEF�RE LENDER E�R�ISES ANY �F ITS .RIGHTS UN1]ER THIS
<br /> INSTRUIV�NT.
<br /> Upon�he�ccurrence�f an Event o.f Default,Lender ma�,vvithvut n�tice unless required by lavtr, and at��s opt�on,
<br /> declare the en�u e Indebtedness due and pa�a�le, as it may elec�,regard�ess of�he da�e or dates of matur�ty there�f
<br /> and,�f permit�ed by state Ia�,�s auth�r�zed anc�empowered to cause the Praperty t�be sold a�pub�x�auction, and
<br /> �v execute and deliver to�he purchaser�r pur�hasers at such sale any deeds of conve�yance good and suffic�ent at
<br /> law,pursuant to the s�atute in such case made and pr�vided.The Trustee shall apply�he prviceeds�f th�Trus�ee's
<br /> sale, �rst,to the c�s�s and expenses of e�ercising the p�v�rer of sale and of the sa�e, inc�uding the payment of the
<br /> Trustee's fees actuall� incwrr-ed; se�ond, to payment of fihe obligatian secured by the trust de�d; �hird, to the
<br /> payment uf jun�ar trust deeds, m��-�gages, �r o�her ��enh�lders and�he balance, if any, to �he pers�n or persons
<br /> legall� enti�led thereto. The recita�s in �he Trus�ee's deed shal� be prima fac�e ev�dence vf �he tru�h of �he
<br /> s�a�emen�s made�n��.If Lender ch�ases t��i.n�oke:�he po�er�f sa�e,Le�der or Trus�ee�ill pr��ide no�rce af sale
<br /> pursuant to appl�cable �a�. Any such sale ar a sale made pursuant f� a judgment o�•;a decree for�he foreclosure
<br /> hereof ma�, at the� op�i�n �f Lender, l�e made en masse. The �amva.encemen� nf proceed}.n.gs t� fareclose thxs
<br /> Secur�ty Instrument 3n any manner authorized by�a�r shall be deemed as exercise af�he abawe�pt�vn.
<br /> Upvn�he occurrence of an E�ent of Defaul�, Leridel• shal� vnmediat�l� b� en�i�led t� make applicat�an for and
<br /> obtai.n the app�intment of a rece��er for�he Prflpex t�and af the earnings, income, �ssue and profits of i�,wi�h the
<br /> powers as the c�ur�making�he appaintmen�s cvnfers. Grant�r hereb� irre�r�cably consen�s to such appointment
<br /> and v�a�ves natice�f any applicat�on�h�refor. .
<br /> N� 'L�VAIVER. No d�lay �r fai�ure of Lend�r to exercise any righ�, remedy, po�rer or privilege heretuader shal�
<br /> affect�ha�right,remedy,pavver or pri��Iege nor sha��any single or par�ial e�erc�se�hereof pr�clude the e�er�ise af
<br /> any right,remedy,po�er�z p�•iv�lege.No Lender de�ay or fa��ure to demand strict adherence to the terms of th�s
<br /> Secu.rity Instrument sha1�be deemed to constitute a c�urse af conduct inc�nsistent with Lender's right at an�r�ime,
<br /> before or after an e�rent of defaul�, t� demand sti=ict adherence to �he t�r��ns of�his Securi� Instrument and �he
<br /> Re�ated D�cuments. �
<br /> SUBSTYTUTE TRUST�E.Lender, a���s optian,�nay fram time ta time remflve Trus�ee and appoint a successor
<br /> �rustee tfl any-Trus�ee appoxn�ed hereunder b� an �n.s�ent recurded �n �he coun�y in which th�s Security
<br /> Instrument xs recvrded. ,L�IT��hout c�nveyance of the Pr�perty, �he successar tr�ustee sha1� su��eed t� all �he tit�e,
<br /> power and du�ies conferred up�n Trustee herein and by appl�cable�aw.
<br /> J�INT AND SEVERA.L LIABILITY.If this Secur�ty�nstr�ument shouid be signed�y more than vne pers�n,a11
<br /> persons executu�g this Securit�Ins�rument agree�hat�he�shall be j oin�Iy and se�eral��bound,�here permitted by
<br /> Iav�r.
<br /> SURVI'�AL.Lender's rights in this Securi�Instrrxment�11 continue in its suc�ess�rs and ass�gns. This Se�urity
<br /> Instrument is binding�n aIl lieirs,executors,adminxstra��rs,assigms and success�rs of Gran��r.
<br /> N�TICES AND 'L�'LjAI�ER. UF N�TICE. LTnless o�herwise requ�red�y applYcable �a�, any no�ice or demand
<br /> given by Lend�r to any pa�-ty is cansidered effecti�e: �x� v�rhen i� is deposi�ed in the Uni�ed S�a�es Mai�wifh the
<br /> appropriate postage; �ii} v�hen it �s sent via e�ectr�nic ma��; �iii} when xt is sent ��a facsi.mi�e; �iv} when it is
<br /> deposrted�i�h a nat��na�l�recagn�.zed�vernigh� courier serv�ce; ��} on t�ie day of persona� deliver�; flr (vi� an�
<br /> other cvmmercia�ly reasonab�e means.A copy of auy nvt�ce sha��be sent�a each party a�the address �f the party
<br /> gi�ven at�he begu�ning �f th�s Securi� Instrument un�ess an a1�e�-nati�e address has been prv�rided t� Lender in
<br /> wr��ing. Ta the e�ent perrn�itted���a�, Grantor waives n�tice�f Lender's accep�ance af this Security Instrument,
<br /> defenses based on su.retyship,any defense arising fi am any elect�on by Lender under the Uni�ed States Ban.krup�cy
<br /> C�de, Uniform C�mmercial Code, as enac�ed in the sta�e vvhere Lender is lvcated ar o�her appl�cable lav� �r in
<br /> equ�ty, demand, notice of accelerati�n, n�tice �f nanpayment, presentment, protes�, noti�e af dish�nor and any
<br /> o��er nat�ce. .
<br /> REQU�ST F�R N�TICES: �ran�or requests that copies af�he notice of default and n��ice of sale be sen�to�he
<br /> address of ea�h party given at�1ie beginning�f the Secu�-ity Instrumen�.
<br /> �2D44-2UZS Compliance Systems,Inc.3914-3245-2U15.12.2.1U36 �
<br /> Commerciai Canstructin�Se�urity Instrument-DL4QQ7 Page�of d w►�nv r.amp�iasir,esystems.c�m
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