Laserfiche WebLink
F <br />90- -10535 #1 - <br />Mragnant W mairntananoe of the Pripporty or the cmulucting of such busiressms <br />Uwem,, &U cn numh two as an desood best to Fffl-!! 9! the security of We <br />mmotmont. rm the annt landar elects to seek the intran of a rwift ens for <br />the ftcp@M Won aorIvAw"m Iv I of any rover ant or agreement of Borramr in <br />this mstrumt, Borrmw hereby aWmay mnmft to the appoinI - 11 Of Such <br />=Mi"Wo tender or the re=Lvw shall be a*4UW to receive a reasonable foan <br />rw so managing the ftqpfty. <br />Au rams and raven= collected wjbsaWmft to delivery of written notics PY <br />Eadw to Borraww of the branch by Bmaw of any mww* or egress III of <br />a= wer, in this Dwhusint diall, be aWW first to the cost, if Of taking <br />=k=j of and mezwjing the Property and colbpr ing On rents, but not- <br />lj1-jW to, attam"• few, reasivwOu fees, omhum on receivarts bonds, costa <br />of rqwim to tris Property, posatimm on insurance policies, taxes, asesemonft <br />and cUm dU"m on the ftWwW, and the costs of dis&a"Ing any obligation or <br />liability of Bornwar as leanor* or larxUard of the Rvpwtyo and than to the was <br />secured by this rnetruownt. Dander or the remi%w shall have access to the <br />I=*s and moords used in the operation and maintenance of the ftqwty ad shall <br />be liable to aomm* only for those rents acbally received. IAndw shall not be <br />liable to Owevower, anyone claiming under or through Bor2awar, or anyone having <br />an interest in thb Pxqpwty by reason of wryUdM dons or left unions by Under <br />teradCCr this paragraph. <br />If the rants of the Rvpwq are not sufficiient to mat the ousts, if WWO <br />of t&.iM =ftbl of and mraging the Prapmty wd collecting t1w mW <br />finds expanded by ImzIw for such purp4ses dull became indebtedness of Borrower <br />to Eandw meouired by this Instnuent pu-suaft to the traces; hereof. Uhless, larder <br />and BoirraAw agree in writing to other term of payment, such amounts doll be <br />hnedixWy An and payable by Bonvww and shAl bar interest ftm the date of <br />dish aveowt at the rate as adjusted free tiro to tins in aociovdance with the <br />terse of " Note, compounded mmithly, unless payment of interest at such rate <br />would be ca teary to applicab) law, in which even such awounts shall bur <br />interest at the hi~ rate which may be collected from Bmnrowsr unbw <br />applicable 1w. <br />Any entering vpm and taking w► aintainirg of oxftol of the Prqpu" by <br />IsnMer or the recelvar and wrl aWlir.1doni of rants as pmided herein dull not <br />cure ow wNe any default herazdar or imalidate any other right or tweedy of <br />Larder =W.&• applicable Im = provided herein. This assiqruwot of rants of the <br />rtvpmrty shill terminate at such tive as this Irabmw* ceases to secured <br />Ao t I is hold by lArdar. <br />- 9 - <br />7 <br />-i <br />19. 'DOM M OM OF DMODWS DOOKAMMM, If Borrower shall <br />wluritarily file a patition mder the Federal Be ftuptcy Pat, as such Act may <br />ftm time to Use be eanded, or U"Jar any similar ftwoosaw Federal statute <br />relating to bwkruptcy. fj.:moIVwvyI, arrangements or rem9anizations, or under any <br />state bw9miWtc:y or imalvancy act, or file an anwAmr in an involumtary <br />doitting inwivemy or inability to, pay debts, or it Borrower shiilL <br />ry txkv <br />voluntAu <br />fail Ito obtain a vacation or stay of in p slings brought for <br />atIon dissolution or liquidation of Borramr, or if Borrmnr dall be <br />or if a trustee or receiver di X be appointed for Batroar <br />'(W OXWOMIS property, or if the Property shell baccive subject to the <br />of a Federal bw0avptcy court or similar state omwt, or if Borrower <br />shall maim an assigment for the befit - it of SorrvAwls crwUtxw.*, or if then is <br />an attadment, emsout-im or other judicial usizurs, of any portion of Bonvww's <br />aaests and such seizure in not discharged within tan days, then Lardw my, at <br />ladWis qpticn, declare all of the was somavd by this Instrument to be <br />'und'ataly due and payable without prior notice to Borrower, and Imrdw may <br />invoke amV remedies permitted by this Inaftumont. Any attorneys' few and other <br />eocperaes inverted by tender in comet ion with Borroar's bankn*tcy or any of <br />the other aforesaid events Wall be additional I a of nummor secured <br />by this DOU%saint pursuant to ties term hereof . <br />20. '�hhihS CF ' RVAREW GR MONVICUL D� IN HMWnML <br />(4) we* OMMVPUMO or a= - 1. Mcroar dwi not sell, WO*Arge, <br />convoy, alienate. assign, dispose of, wounber, pledge, or transfer all or any <br />portion or the Property (except as hweinartw pawided), or execute any <br />agtsssw it or om*zact creating wW right to or any equitable, interest in the <br />title to the Prvputy or any part thanof, or execute any agrgavatt or contract <br />- 9 - <br />7 <br />-i <br />