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201702233
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Last modified
7/28/2017 2:52:33 PM
Creation date
4/10/2017 12:05:18 PM
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DEEDS
Inst Number
201702233
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2� 17�2233 <br /> n�t �� Iirr��ted e�clusive�y t� the rig��� an� rerr�edies herein stat�d but sha11 be-ent�t�e� t� �v�ry <br /> right a�.d remedy now or hereafter affarde�at lav� or�n equity. <br /> Sectian �l.S Ri ht �o R.��ea�e An� P�rti�n af the Pro�ert�. Len�er may <br /> releas� �.r�y portion of th� Pr�perty f�r �uc1� cansxderation as Lender may r�quir� �it�iaut, as ta <br /> t�e remainder af the Property, in a�.y �ray. �mpairin� or affe�ting the 1i�n or prx�rity �f this <br /> Se�urity Ir�strum�nt, ar impraving the pos�t�o�of an�sub��dinate lie�holder�vvith respe�t thereta, <br /> e�c�pt ta the e�tent that the obligat��ns her��.�nder shal� have be�n reduced by the a�tua� <br /> mot��tary considerat��n, if any, r�cei�re� by i���.der f�� su�h release, a.nd rna� a�ce�t by <br /> as�igr�ment, p��dge ar �therwise an� other prap�rty �n �alac� th�re�f as L�r�d�� may require <br /> . with�ut be�ng a�countab�e far sa doing to a�y Qther ���r�holder. This Security Instrument shal� <br /> ��ntinue as a lien and se�ur�t�interest in the remaini��parti�n of the Property. <br /> S ect�on 7.9 Ri�ht nf Entr-v. The prov�sian� of S e�ti�n �.1.4 af th� Laar� <br /> Agre�ment are hereb� �n��rparated l�y ref�r�nce int� this Securit� Instrument to t�ie same e�tent . <br /> a�.d�vith the sam.�force as if fu�Iy�et for�h herein. <br /> � S ect��n 7.1� I��n��ru�t�Y. �a� Upon � the occurrenc e and during the <br /> ��nt�nuance af an Ev�nt af I�efauit, Len��r 5ha11 �iave �h� ���ht to pr��e�d �� it5 oWn n�m� or in <br /> the nam.e of Indiv�c�ual�orrovver in respect af an�c�aim, suit, ac�ion�r pr��eed�r�g relating ta t�e <br /> rej�cti�n of any L�ase, inc�u�ing, without ��mitat�an, th� right t� f�le and pr�s�c�te, to the <br /> e��Iusi�n of Indiv�d�al Borrower, any pro�fs �f G�aim, �omplaints, m�tian�, app���atior�s,r�oti�es <br /> and ot�er do�uments, in any case �n respect of the �esse�under such Lease und�r the �anl�rupt�y <br /> ��c��. <br /> �b� If there shall be filed by or again�t Ind�v�dua� Borrov��r a p�t�ti�n un�er <br /> th� B�.nl�ruptcy �ade, and Indi�r�dual Barrawe�, a� lessor unde� any Le�.se, sha1� �etermir�e t� <br /> reje�t suGh Lea�e pur�uant to th� Banl�ruptcy �ad�, then Indiv�dual Barr��ver �hal� giv� Lender <br /> n�t�ess than ten �10� Busir�ess Da�s' pr�ar no�ice of t�e da�� ar�w�ich Ind�vi�ual Borr��ver sha1l <br /> apply to the ban�ruptcy caurt for �.ut�.arxty to rej�ct the L�ase. L�nder sha�� haWe the right, but <br /> n�t the �blrgatior�, ta ser�r�u��r� Indivi�ual Borr�wer vv�th�such ter�-day per���a not�ce stating <br /> that ��� L�nder d�m�.n�s that Ind�vid�a� Borrawer a�sume and a�sign the L�a�e t� Ler�der <br /> pursuant t� �he Ba�lfruptcy ��de and (i�}Ler�der cov�nants to cure or prov�de adequate <br /> �.�suran�e �f future perf�rrnance und�r�h�Lease. If Ler�der serves upon Individual Borrfl�rer the <br /> n���ce describe� �n the pr�c�ding sent�r�ce, Indi�idual Barro�er sh���not seek t�r�ject the Leas� <br /> and shall campl� �vith th� demand provid�d far �n c�ause � ���rl� ��'�C�C�I�1� 5�11tE�1C� VVlt�llrl <br /> thirt� (3�) days after the notice sha�I �a�r� been g�v�n, subj��t t� the p�rforman�� b� L�nd�� af <br /> the Gavenant pr�rrided f�r in clau�e i� �f the p�eceding ser�tence. � <br /> AR'�I�LE S -II�TD�IVINIFI�ATI�I�T <br /> �ect�an S.1 �en�ral Indemnificati�n, T�e provisions �f S�ction 1�.13�b� of <br /> the Loan .�greement are incorporat�d �y refer�nc� int� th�s Secur�ty Instrurn�nt ta th� sam� <br /> ��tent and�ith the sarn�force as if ful��set forth her�ir�. <br /> 1� <br />
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