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2� 17� 1838
<br /> ASSIGN�ENT �� RENTS
<br /> Loan No: ���3�33�� �Co�7�inu�'d� Page 3
<br /> actEvn �hat Lender deems apprapriate, including bu� nofi Fimil�ed �❑ discharging or paying .ail #axes, li�ns, security
<br /> interests, �nGumbrance� and v�her�faims� a�t any�ime fevied ar placed vn the Rents or the Prvper�y and paying all cc��ts
<br /> �or insuring, mainfiaining and �r�ser�ing the Prvperty. A!I such expenditures incurr�d or paid �y Lender �vr such
<br /> purpases will th�n bear interest at the rate charged under the Note from the da�e incurre�l or paid by Lender to the da�te
<br /> a# re�aymen� by Gran�vr. Ail such expenses wil� become a par�a�the indeb�edness and, a� Lender's vptivn, wil� �A}
<br /> be payable on demand; {By be added to �he bafance af the Note and be app�ortioned among and b� payable with any
<br /> �n�taFfm�n� paymen�s �o becvme due during either ��� �the �erm a� any applicable �nsuranc� �oiicy; vr ��� the
<br /> remaining �erm af �he NQte; ❑r tC� be t�eated as a balloon payment which wili be due and �ayabie a� �he No�e's
<br /> ma�urity. The Assignment ats� wil!se�ure payment of thes� amvunts. 5uch right shall be in addition ta a!1 ather righ��
<br /> and rem�dies�Q which Lender may be �n�i�ied upan Qe�ault.
<br /> �EFAULT. Ea�h vf�he following, at Lender's���ion, sha�s constitut�an Event af�efaul�under�his Assignment:
<br /> �aymen�De�au�t. Grantor fails�o make any paymen�when due under the indebtedness.
<br /> �ther De'fauits. Grantor �a�ls �o cflmp�y wifih or #❑ pe��arm any othe� �erm, vbfigativn� caW�nant ar �ondi�i�n
<br /> contain�d in this AssEgnment or in any of �the ft��ated Doc�ments �r to cvmply wtth ❑r ta perform any �erm,
<br /> Qbligation, caWenant vr�andition contained in any other agreement be�ween Lender and Grantor.
<br /> De#auit vn ❑#her Payments. Failure a� Gran�or within the �im� required by this Asssgnmen��a make any paymen�
<br /> far taxes vr insurance, vr any o�her paym�n�ne�essary tv pre�ent�iling of ar tv effect discharge o�any�ien.
<br /> �a1se 5�atements. Any warranty, repr�sen�a�ion ar statement made or furnished t❑ Lender by Grantvr ar ❑n
<br /> �rantar's behaf� under this Assignment ar the Related DoGumen�s is fafse o� misleading in any material respect�
<br /> �ither nvw vr a�the time mad�or�urnished ar becames�als�❑r misieading at any�ime there�fter.
<br /> �e�ectE�� C�fla�eraliza#it�n. This Assignmen�t or any o#the Related Dacuments ceases�o be in fiufl �o�ce and et�ec�
<br /> �including failur�vf�ny ca�fa�era�da�um�n�tt�crea�e a Watid and per�ec�ed securi�y in�erest vr lien} afi any time and
<br /> �ar any r�ason.
<br /> Death vr Insolv�n�y. The dea�h of Gran�vr,the insolvency vf�ran�ar, �he appain�ment vf a rec�i�er�vr any part o�
<br /> Grantor's prvper-�y, any assignment �a� the benefi� vf creditors, any type af creditar warkout, or �he
<br /> cc�mmenG�m�nt af any proc��din� under�ny bankrupt�y❑r insol�ency Iaws by vr a�ainst Grantor.
<br /> �r�ditor or Fvr#ei�ure Pra�eedin�s. C�mmen�emen� of forec�osure or ��rfeiture proceedings, whether by judicia�
<br /> �roceeding, sei�-help. repQsse�sEon ar any other method, by any creditvr o�Grantor Qr by any gavernmental agency
<br /> against �he Rents ar any prvperty s�curRng the Indeb�edness. Th�s in�ludes a garnishmen� a� any a� Gran�or's
<br /> �CGO�lf1�Sr incfu�ling deposit acGvunts, with Lender. HoweWer, this E�ent ❑f De#au�t sha11 nat appRy i� there is a
<br /> �vod �ai�h dis�u�e by Gran�or as to fihe v��idity vr reasflnableness ❑�the claim which is �he basis��F th� creditar c�r
<br /> �For�eiture pr�ceeding and if Grantvr gives Lender written natice o�the credit��vr#or��iture pro�eeding and deposits
<br /> vv�th L�nder monies ❑r a sur�ty bond for the credifor or fvr��i�ure proceeding, in an amQunt determsned by Lender,
<br /> in its sole discre�tion, as�eing�n �dequa��reserve❑r band�ar�he d�spute,
<br /> Prop�rty l�amag�ar Loss. The Praper�y i� fo��, s�ol�n, subs�an�ially damaged,sold, or bvrr�wed against.
<br /> Even�s Affecting Guaran�or. Any of the preceding e�en�s necurs wi�h respec�t�o any guaran�or, endvrser, surety,
<br /> �r acGommada�ion party o� any ot�he Indeb�e�Iness or any guaran�vr, �ndarser, surety, ❑r ac�vmmadation party
<br /> dies ❑r becom�s 3ncompeten�, vr re�nkes ❑r dssputes the �alid��y vt, or liability under, any Gua�-anty a� �h�
<br /> indebtedness.
<br /> Adverse Change. A ma�eria! ad��rse char�ge occurs in Gr�n��r's fin�ncial canditian� ar Lender beiie�es �h�
<br /> praspe��❑�payment or Qer�vrmance a�the�ndebtedness is impaired.
<br /> Insecurity. Lender in gavd�ai�h befie�es itsel�insecure.
<br /> Cure Pra�isions. I� an� detau�t, ❑�her than a de�ault in paym�nt, is �uralale and if Grant�r has nat b��n given a
<br /> notiGe v�F a t�rea�h nfi�he same prvvisivn ❑f�his Ass�gnment wi�hin the preceding �welve ���} rnanths. it may b�
<br /> cured i# Grantor, af�er Lender sends written natice ta Grantor demanding cure a# su�h default; {�� cures #h�
<br /> de�ault with�n�ifreen t�5y days; or {�y ���he cure r-�quires ma�e than�i�teen {'�5� days, immedi��ety ini�iates s�eps
<br /> which Lender deems En Lender's sal� disc�e�ion tv be sufficient to cure the de�aul� and thereafter cnntinues and
<br /> compietes all reasnn�bse and necessary s�eps suffii�ient�❑ produce cor�pliance as soon as reasonably practicai.
<br /> RlGHTS AN❑ REMEDfES �N DEFAIJLT. Upon the accurrence fl�any E�en�of De�aul�and at any�ime thereafter, Lender
<br /> rnay exercise any �n� ❑r mare of the#�allv`rvsng rights an� remedies� Rn addition ta any vth�r rights or femedi�s pro�ided
<br /> by law:
<br /> Accelera�e indeb�edness. Lender �hal! ha�e the right at its ap�ion�a decfare the entire �ndebtedness imm�diateiy
<br /> due �nd pay�bl�. in�Fuding any prepayment penal�y�hat Grantar would be r�quired to pay.
<br /> Cvlle�� Ren�s. Lender shaf� have the righ�, withou� natice �o Gran�tvr, tv ta�e possessifln af th� Prvperty and
<br /> Gv�le�t the Ren�s, incf uding amounts past due and unpaid, and a�ply �the ne� praceeds, o�er and abo�e Lender's
<br /> costs, agains� the �ndeb�edness. In �urtherance o# this righ�t, Lender shai� ha�e at� the rtghts pro�ided �or in �he
<br /> Lend�r's Righ� �v Recei�e and Collec� R�n�s Section, above. I� �he Ren�s ar� cvllected by Lend�r, then Grantvr
<br /> �rr��vcably designat�s Lender as Grantor's attarney-in-fact t❑ �ndarse ins�ruments recei�ed in paymen�t#herev� in
<br /> �he name o# �rantor and t❑ nego�ia-�e the same and coflect the proceeds. Paymen�s lay tenan�s ar other users ta
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