� �= 2� 17�27�4
<br /> such ob�igat�on; and the c�s� t�:ereof shait be added �o the Indebtedness and pa�d on Lend�r's c�emand by
<br /> Gran�or.
<br /> ASSIGNN�ENT C]F LEAS�S AND :RENTS. As addi�i�nai secur��y for the paymen� of�he �ndeb�edness and the
<br /> performa�ce �f�he ca�enan�s can�ai�:�ed herein, Gran��r h�reby ass��ns and transfers o�er �� Lender a�l rents,
<br /> incame and prQf ts �"Ren�s"� under a��y presen� or futu�re leas�s, subleas�s or �icenses af the Praperty, �n��ud�ng
<br /> any guaran�xes, extensi�ns, amendm��:�ts or renewa�s th�reof, �rom �he us� af the Properfiy. So I�ng as Grantor is
<br /> not in d�faui�, �rantor may receive, c�liec�and en��y ali Rents accruing fro�r�.�h�e Properry,hu�no�more�han one
<br /> n�onth in advance of the du� date. Le��d�r may als� r�quire Grantor, tenant and any o�her user of�he Proper�y ta
<br /> rna�e payrn�n�s of Ren�� direc�Iy to i;end�r. Hawever, by re�ei�ing any such paymen�s, Lender is n�t, and sha��
<br /> n�� b� cons�dered, an aaen� far any �3arty ar ent�ty. Ar�y an��unts caliec�ed may, a� L�nd�r's sQle d�scretion, be
<br /> app�ied ta pr��ec�Lend�r's �n�erest�n�he Proper�y, �ncluding but no�1�mit�d�o the payment of�axes and insurance
<br /> premiums and ta the �ndebtedn�ss. ��.� Lenderis sa�e discreti�n, al� �eases, sub��as�s and �ic�nses mus� first be
<br /> appro�ed�y L�nd�r.
<br /> ��NDEN�NAT��N. Grant�r shail bi:ve Lender notice of an�acti�n taken or�hreatened�a be taken by priva�e ar
<br /> pu�ii� ent��ies to appropria�e the Prc�perry �r any part therenf, thraugh condemnatzon, eminent d�main or any
<br /> o�her acti�n, Fur�her, Len�er sha�l be permi�ed ta participa�e ar �n�erven� �n any af �he aba�e described
<br /> proceed�ngs in any manner it shall at i�s so�e d�scr�tion �e�ermine. Lender is hereby giver� ful� poWver, right and
<br /> auth�ri�y to recei�e and r�ceipt for :a�y and al� damages awarded as a r�sul� of the fu�l ar par��a� taking or
<br /> appropria�ion and in i�s s�le discre�i��n, �o app�y said awards �o the �ndebtedness, v�hether or not th�n due or
<br /> atherwise in accordance wi�h appl�c�b�e law. Un�ess Lender o�her�v�se agrees in wri�zng, a�y appiicati�n of
<br /> proceeds to �he �ndeb�edness sha�l 'not ex���d or p�os�pon� the due date of the paymerits due under the
<br /> �ndebtedness or change the amoun�of such paymen�s.
<br /> �RANTC3R'S ASSURANCES. A� ��n� �im�, up�n a request nf L�nder, �ran�or ��li exe�u�� and d��ive�- to
<br /> Lender, and �f appropr�ate, cause �� b� recorded, such fur�her mor�gages, assignments, assi�,nnnen�s of leas�s and
<br /> rents, security agreements, piedges, �inan��ng sta�er�ents, ar such �ther d�cum.en� as Lender may require, in
<br /> Lender's so�e discre�ion,to effeG�uate, compiete and ta perfect as�vell as to con�inu�to pres�r�e the Indeb�edness,
<br /> a�the �ien or s�curity interest crea�ed��y�his Security Instrum�nt.
<br /> ATT[]R�EY-IN�-�'A�T. Gran�or ap�oi�ts Lender as attoi-r�ey-�n-fac� on �eha�f of Grant�r. �f Grantar faiis �a
<br /> fu�f�1 any af �ran�or's ab��ga�ions u:nder �his 5ecurity �nstrumen� ar any Re�ated Do�um�nts, including thos�
<br /> ob�i�a�ions ��ri�i�n�d in the pr�cedir�g para�raph, Lender as attarney�in-fac� rr�ay fu�fil� the oblibations vvithou�
<br /> na�ice to Gran��r. Th�s povver of a�tor�:�ey shall not b�af�'ected by�he disability�f the Grantar.
<br /> �VENT� �F DEFAULT. The fol�a�n�ing ev�n�s shall �ons�i�u�e defautt und�r this Security Ins�rum�n� �each an
<br /> "Ev�nt of D�fault"}:
<br /> �a} Fa�lure�o make required p;�ym�n�s when due under�ndebt�dness;
<br /> �b} Failure to perfarm or keep' any of�he co�enants of th�s Securit� �ns�rumen� or a defau�� under any of
<br /> th�Re�a�ed Documen�s;
<br /> �c} Th� making of any �ral ot•writ�en s�a�emen� or asser�i�n �o L�nder �ha� is false or misl�ad�ng in any
<br /> nnater�a�r�spec�by�ran�or•ar any persan ob�iga�ed on�he�ndebt�dness;
<br /> (d� The dea�h, diss�lution, ins��l�ency, bankrupt�y or recei�ership proceedinb�f Gran�ar or of�ny person
<br /> or entity obl�ga�ed on�he�FZdeb�edness;
<br /> ��} Any assignnne�t by Gran��r for�he ben�f�af Gran�or's credi�ors;
<br /> ��} A ma�eria� adverse chang� occurs �� �he f nanc�a� cand����ri, awnersh�p or manage7ment af�ra�.�or or
<br /> any person ob�iba�ed on thi�Indebt�dness; or
<br /> (g� Lender deems i�se�f insecure for any reason whatsnever.
<br /> R�N.�EDIES t]N DEFAULT. Upon the occurrence of an E�en� of Default, Lender may, v�i�h�u� demand or
<br /> notic�, �]�y cil�y (71'aI��aX�S, ass�ssm.er�.ts, pr�miu�ns, and ��ens requ�red�o he paid by Grantor, effe�t any �nsurance
<br /> pro�ided far herein, make such repa�ri�, cause the abs�rac�s of�i�le or title insurance paiicy and tax his�ories of the
<br /> Prflper�y to �e cer�if ed ta date, ar pr��cure new abs�rac�s �f���le or�i�te �nsurance and tax his��ri�s in case none
<br /> w�re furn�shed �o �t, and pr�cure title repor�s c�vering t�e Property, �ncluding sur�eys. The amounts pa�d for any
<br /> sueh purposes wil� be added ta the In��ebtedness and wi�l bear interes�at the rate af interes�otherwis� ac�ruing on
<br /> the �nd�b�edness until paid. �n the ��ent �f forec�asur�, the abstracts of�it�e or tit�� �nsurance shall become the
<br /> properry of Lender. Al� abstracts of����e, titie insurance, tax h�stories, sur�e�s, atad o�her dacuments pe�aining to
<br /> �h� �ndeb�edness�vi�l r�main in Lende:�-'s possession un�i��he Indeb�edness is pa�d in fuli.
<br /> �N T�E EVENT�F THE SALE 4F r�'H�S PR�PERTY UNDER THE PR��EI]UR.E FaR.F�RECL�]SUR.E �F
<br /> A SECURITY�NSTRt1M�NT BY A��VERT�SEMENT, AS PR�VrD�D BY APPL��ABLE LA�V, 4R�N T�E
<br /> �V�NT LENDER E�ER.��SES IT5 R�GHTS UNDER T�E ASSIGNMENT �F LEAS�S AND RENTS, THE
<br /> LEND�R SHALL PR�VIDE ALL �TATUTC�RIL� REt�U�RED NC7T�CES C]F SAL� AND N�T�C�S QF
<br /> JUDIC�AL HEARIN�S BEFURE' L�NDER EXERCISES ANY �F �TS R�GHTS UNDER T�IS
<br /> INSTRUNIENT.
<br /> Upon�he occurrence af an E�ent of Defaul�, Lender�nay, wi�hou�notice uniess required hy lativ, and at i�s op�ion,
<br /> d�clare the en�ire Indeb�edness due an�payab�e, as ��may ��ect,r�gard�ess�f�he date ar da�es�f ma�ur�ty �here�f
<br /> and, �f perm��ted by sta�e iaw, is au�h�ri2ed and empowered�o cause�he ProperCy to be sold at pub��c auctian, and
<br /> �o execute and de�i�er to the purchas�r vr purchaser� a�such sa�� any deeds of con�eyan�e good and suff�ien� at
<br /> Iavv, pursuant t�the s�a�u�e in such ca;�e made and pravided.The Trustee shail apply�he proceeds of the Trus�ee's
<br /> sale, f rst, �a the �os�s and expenses af�xer�is�ng th� p�wer of sale and�f�he sa�e, inc�uding �he paym�n� af the
<br /> Trustee's fees actua��y incurred; sec�nd, to payment of the abliga��nn s��ured by �he trus� deed; th�rd, to the
<br /> payment �f jun�or trust deeds, mar�g�zges, or o�her iien�olders and �he ba�ance, if any, to the p�rsan o�- persons
<br /> ��Q��-ZO i 6 Comptiance Systems,Inc.7c6 I 02d2-d2a4�afif�-?Q 16.23�.4.8
<br /> Cornrriercial��aI Estac�Security Ir�strument-DL�40�7 Pa�e 3 af 5 www.cvmpliancesystems.c�m
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