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2� 1 ��8122
<br /> Lenderts Righ�to En�er. Lender or Lender's a�ents sha�l have�he ri;ht and a�c�ss�a inspect the Praperty a�
<br /> alI reasonable �im�s in order tfl attend �o Lender's interes�s and ensure compliance vvi�h �he �erms �f th�s
<br /> Securrty ins�rurr�ent. �f�he Praper�y, or any par� ther�af, shall requ�re inspec�ian, repair ar maintenance
<br /> �vhich Gran��r has failed to provide, Lender, after reasonable notice, may enter up�n �he Pro�er�y fo �ffect
<br /> such obl��ation; and the cost thereof shall be added to �h� Indebtedness and �a�d �n Lender's dernand b�
<br /> �`rrantor.
<br /> ASSX�NMENT�F LEASES AND RENTS. As addi�ianal securi�y far the paymen�of the Ind�b�edness and the
<br /> performance of the c��enants contained here�n, Grantor her�by assigns and transfers over to Lender a�l rents,
<br /> ineome and prof�s �"Ren�s"} under any present or future �eas�s, subleases or licenses of�he Properry, InCIuC�I17g
<br /> any auarantres, extensi�ns, amendmen�s ar renewals thereof, from �he use �f the Property. So Io�.g as Grantor is
<br /> na� in default, Grantor may re�ei�e, co�lec�a�d en�oy a�1 Rents accruing from the Proper�, bu�not more�han one
<br /> month in advance of�he du� da�e. L�nder may also require Gran�ar, �enant and any��her user flf��e Property �o
<br /> make payments af Ren�s d�r�c�ly to Lend�r. �owe�er,by r��ei�ing any such payments, Lend�r is no�,and sha��not
<br /> be considered, an abent for any party or en�ity. An.y amounts co�lected may, at Lender's so�e discr��i�n, be applied
<br /> tn pr�te�t Lender's �n�eres� rn �h� Proper�y, including bu� no� ��m��ed ta the payme�� �f �axes and insurance
<br /> premiums and fi� �he Ind�bt�dness. At Lend�r's s�l� discre�i�n, al� �eases, sub�eases and licenses mus� f rs� b�
<br /> appro�ed by Lender.
<br /> C�NDEM�ATI�N. Grantor shall gi�e Lender notic�of any ac�ion�aken or threatened to be taken�y pri�a�e or
<br /> publ�c entities to appropriate the Pr�perry or any part thereof,�hroubh cvndemnation, em�nent dam�ain or any other
<br /> action. Furthery L�nder shali be permitted to part�cipate ar inter�ene in any of the abave des�ribed proc�edinas in
<br /> any manner i� shall at its sol� discretian detiermxne. Lender is hereby given full pawery right and authority to
<br /> rece��e and rece�p�far any and aIl damaaes awarded as a result of the full or partial taking or apprapria�i�n and in
<br /> its sole discre�ian, to apply said awards to �he �ndebtedness, whether or not then due or ��herw�se in accordance
<br /> �vith applicable Iaw. Clriless Lender oth�r��ise agrees in writinb, any appl�catian of pr�ceeds �o �h� �ndebt�dness
<br /> shal� nat ��tend or postpone the due date of the paymen�s due under the Indeb�edness or change the arn�un� of
<br /> such paymen��.
<br /> GRAI�T�R'S ASSURAN���. At any time, upan a reques� of Lender, Grant�r will exe�u�e and deliver to
<br /> Lender, and if apprapriate, cause to be recarded, such fur�h�r mart�a�es, assibnmen�s, assignments of l�ases and
<br /> rents, security agreements, pl�dges, f nancing statemen��, ar such other dacum�nt as Lender may require, in
<br /> Lender's so�e discret�on,�� effectuat�, c�mp�ete and ta perfect as v�ei� as to con�inue to preser�e the �ndeb�edness,
<br /> or�he lien or securi�y in�eres�create�by this Securi�y Instrumen�.
<br /> ATT�RNEY-IN-FACT. C�rant�r appoints L�nd�r as attorn�y-in-fact on �ehalf of Grantor. �f Grantar fails to
<br /> fulf il a�ay �f Gran�or's �bliga�ians under this Secur��y Instrument ar any ReIa�ed Docu�.�n�s, i�cluding those
<br /> o�1i�a�ions rnentianed in �he preced�n� paraaraph, Lender as attorney-in-fa�t may fulf lI the ob�i�ations w�thout
<br /> notice to Gran�or. This p�wer of att�rney shail nat be affect�d by the disability of the�ran�or.
<br /> EVENTS C��' D�FAUI�T. The failowin� e�ents sha�i con�t��u�e defau�t under this 5ecurifiy Ins�rumen� �each an
<br /> "E�ent af D�faul�"}:
<br /> �a} Failure to make required paynr�ents when due under�ndebtedness;
<br /> �b� Failure to perform ar ke�p any of�he co�e�ants af this Securi�y Instrurnen� or a defaul� under any of
<br /> �he Re�a�ed I�ocurnen�s;
<br /> �c} The mak�n� of any aral or v�ritten statemen� or asser��on to Lender that is false or mrs�eading in any
<br /> ma�eria�respect by Grantor or any person obliaa�ed 4n�he Indebtedness;
<br /> �d} The dea�h, dissolutiony inso�venc}�, bankruptc�or recei�ership proc�eding of Gra���r or of any p�rson
<br /> or entity obligafied an the�ndebtedness;
<br /> �e� Any assign�.�nt by�rantor f�r�he benefi�of�rantor's credit�rs;
<br /> ��} �. ma�er�a� ad�erse change occurs in �he fnancia� condi�i�n, �wnership or management of�rantar or
<br /> any persan abliga�ed an the��debtedness;ar
<br /> ��} Lender deem�s �tself inse�ure for any reason wha�soever.
<br /> b
<br /> REM�D�:�S �N D�FAULT. Up�n �he �c�urrence of an Ev�nt of Default, Lender may, wi�hout demand ar
<br /> not�ce, pay any or aIl taxes, assessments, premiums, and liens required�a b�pa�d by Grantor, eff�ct any insurance
<br /> pro�ided for h�rein, make such repairs, cause the abs�racts of�it�e ar title insurance po�ic�and tax historie� of the
<br /> Prop�r� �o be cer��f�ed ta date, or pr�cure new abs�rac�s �f t��l� ar ti�le insurance and �a� hist�ries in case non�
<br /> were furnished�o i�, and pro�ure t��le repar�s covering the Property, inciuding surveys. The amounts pa�d for any
<br /> such purposes wilt be add�d to�he Indebtedness and wil� bear interest a�the ra�e af interest��herwise accruing an
<br /> the �ndebtedness until paid. In the e�ent of f�reclosure, the abs�racts of titl� or title insurance ��al� be�ome the
<br /> prflpe�-fiy of Lender. AI� abstracts af title, title insurance, �ax his�ories, sur�eys, and o�her documen�s pertainin�ta
<br /> the Ind�b�edness�vill remain in Lender's possessi�n un�i�the�ndebtedness is paid in full.
<br /> IN THE EVENT UF THE SALE�F THIS PRaPERTY tJNDER THE PRQ�EDURE F�R F�R.��L�SURE�F
<br /> A SE�UR�TY�NSTRUME�T BY ADVERTISEIVIENT,AS PR�V�DED BY APPL�CABLE LA�V, �R�N THE
<br /> E�!'ENT LENDER E�ERC�SES ITS R�GHTS UNDER T�E ASS��NMENT UF LEAS�S A�I� REN'TS, THE
<br /> LEI�DER SHALL PR�V�DE ALL STATUT�RILY R.��U�RED NUTI�ES �F SALE AND NDTI�ES flF
<br /> JUD�C�AL H�ARINGS BEFURE LEND�R ��ER.CISES ANY �F �TS R�GHTS UNDER T��S
<br /> ZNSTRUN�ENT.
<br /> Upan the accurrence of an���n��f Defau��, Lender may, wi�hou�natic� un�ess r�quired by �aw,and a� i�s option,
<br /> declare�he ent�re �ndebtedness du�and payahl�, as it may elecfi, regardless of the date or dates of maturity�here�f
<br /> and, if permitted by state law, is authari2ed and empow�red to cause the Praperty to be sold at pubi�c auc�iori, and
<br /> �?�OD4-2�l 5 Campiiance Systems,Inc.��BB-CCCC-?d I 5,I 2.s".€,]d39
<br /> Cammercial Real Esrate Se��rity Instnfinen[-DL4D�7 T'a�e 3 af 5 www,c�mpiian�esystcrns.corn
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