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<br />Lender, as mortgagee. The insurance company shall be chosen by Grantor subject to Lender's approval,
<br />which shall not be unreasonably withheld. All insurance policies must provide that Lender will get a
<br />minimum of 10 days notice prior to cancellation. At Lender's discretion, Grantor may be required to produce
<br />receipts of paid premiums and renewal policies. If Grantor fails to obtain the required coverage, Lender may
<br />do so at Grantor's expense. Grantor hereby directs each and every insurer of the Property to make payment
<br />of loss to Lender with the proceeds to be applied, only at Lender's option, to the repair and replacement of
<br />the damage or loss or to be applied to the Indebtedness with the surplus, if any, to be paid by Lender to
<br />Grantor.
<br />Payment of Taxes and Other Applicable Charges. Grantor promises to pay and to discharge liens,
<br />encumbrances, taxes, assessments, lease payments and any other charges relating to the Property when
<br />levied or assessed against Grantor or the Property.
<br />Environmental Laws and Hazardous or Toxic Materials. Grantor and every tenant have been, are
<br />presently and shall continue to be in strict compliance with any applicable local, state and federal
<br />environmental laws and regulations. Further, neither Grantor nor any tenant shall manufacture, store, handle,
<br />discharge or dispose of hazardous or toxic materials as may be defined by any state or federal law on the
<br />Property, except to the extent the existence of such materials has been presently disclosed in writing to
<br />Lender. Grantor will immediately notify Lender in writing of any assertion or claim made by any party as to
<br />the possible violation of applicable state and federal environmental laws including the location of any
<br />hazardous or toxic materials on or about the Property. Grantor indemnifies and holds Lender harmless from,
<br />without limitation, any liability or expense of whatsoever nature incurred directly or indirectly out of or in
<br />connection with: (a) any environmental laws affecting all or any part of the Property or Grantor; (b) the past,
<br />present or future existence of any hazardous materials in, on, under, about, or emanating from or passing
<br />through the Property or any part thereof or any property adjacent thereto; (c) any past, present or future
<br />hazardous activity at or in connection with the Property or any part thereof; and (d) the noncompliance by
<br />Grantor or Grantor's failure to comply fully and timely with environmental laws.
<br />Financial Information. Grantor agrees to supply Lender such financial and other information concerning
<br />its affairs and the status of any of its assets as Lender, from time to time, may reasonably request. Grantor
<br />further agrees to permit Lender to verify accounts as well as to inspect, copy and to examine the books,
<br />records and files of Grantor.
<br />Lender's Right to Enter. Lender or Lender's agents shall have the right and access to inspect the Property
<br />at all reasonable times in order to attend to Lender's interests and ensure compliance with the terms of this
<br />Security Instrument. If the Property, or any part thereof, shall require inspection, repair or maintenance
<br />which Grantor has failed to provide, Lender, after reasonable notice, may enter upon the Property to effect
<br />such obligation; and the cost thereof shall be added to the Indebtedness and paid on Lender's demand by
<br />Grantor.
<br />ASSIGNMENT OF LEASES AND RENTS. Grantor hereby absolutely, presently, unconditionally, and
<br />irrevocably grants, transfers, assigns, and sets over to Lender any present or future leases, subleases, or licenses of
<br />the Property, including any guaranties, extensions, amendments, or renewals thereof (collectively the "Leases"),
<br />and all rents, income, royalties, and profits derived from the use of the Property or any portion of it, whether due
<br />or to become due (collectively the "Rents"). Grantor intends that this assignment of the Leases and Rents (the
<br />"Assignment") constitutes a present, absolute assignment and not an assignment for additional security only.
<br />Nevertheless, subject to the terms of this provision, Lender grants to Grantor a revocable license to operate and
<br />manage the Property and to collect the Rents, but not more than one month in advance of the due date for any
<br />such Rents. Upon an Event of Default (as defined in this Security Instrument), the license granted to Grantor
<br />herein shall automatically be revoked and Lender shall immediately be entitled to receive and apply all Rents,
<br />whether or not Lender enters upon and takes control of the Property. Grantor hereby grants and assigns to Lender
<br />the right, at its option, upon the revocation of the license granted herein to enter upon the Property in person, by
<br />agent or by court-appointed receiver to collect the Rents. Any amounts collected may, at Lender's sole discretion,
<br />be applied to protect Lender's interest in the Property, including but not limited to the payment of taxes and
<br />insurance premiums and to the Indebtedness. At Lender's sole discretion, any and all Leases must first be
<br />approved by Lender.
<br />O 2004-2018 Compliance Systema, Inc. c8eded2f-94a2d4cc - 2018 276 0.2
<br />Commercial Real Estate Security Instrument - DL4007 Page J of 7
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