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<br />other action. Further, Lender shall be permitted to participate or intervene in any of the above described
<br />proceedings in any manner it shall at its sole discretion determine. Lender is hereby given full power, right and
<br />authority to receive and receipt for any and all damages awarded as a result of the full or partial taking or
<br />appropriation and in its sole discretion, to apply said awards to the Indebtedness, whether or not then due or
<br />otherwise in accordance with applicable law. Unless Lender otherwise agrees in writing, any application of
<br />proceeds to the Indebtedness shall not extend or postpone the due date of the payments due under the
<br />Indebtedness or change the amount of such payments.
<br />GRANTOR'S ASSURANCES. At any time, upon a request of Lender, Grantor will execute and deliver to
<br />Lender, and if appropriate, cause to be recorded, such further mortgages, assignments, assignments of leases and
<br />rents, security agreements, pledges, financing statements, or such other document as Lender may require, in
<br />Lender's sole discretion, to effectuate, complete and to perfect as well as to continue to preserve the Indebtedness,
<br />or the lien or security interest created by this Security Instrument.
<br />ATTORNEY-IN-FACT. Grantor appoints Lender as attorney-in-fact on behalf of Grantor. If Grantor fails to
<br />fulfill any of Grantor's obligations under this Security Instrument or any Related Documents, including those
<br />obligations mentioned in the preceding paragraph, Lender as attorney-in-fact may fulfill the obligations without
<br />notice to Grantor. This power of attorney shall not be affected by the disability of the Grantor.
<br />DEFAULT. Upon the occurrence of any one of the following events (each, an "Event of Default" or "default" or
<br />"event of default"), Lender's obligations, if any, to make any advances will, at Lender's option, immediately
<br />terminate and Lender, at its option, may declare all indebtedness of Grantor/Mortgagor to Lender under the
<br />Indebtedness immediately due and payable without further notice of any kind notwithstanding anything to the
<br />contrary in the Indebtedness or any other agreement: (a) Grantor's/Mortgagor's failure to make any payment on
<br />time or in the amount due; (b) any default by Grantor/Mortgagor under the terms of the Indebtedness; (c) the
<br />death, dissolution or termination of existence of Grantor/Mortgagor or any guarantor; (d) Grantor/Mortgagor is
<br />not paying Grantor's/Mortgagor's debts as such debts become due; (e) the commencement of any proceeding
<br />under bankruptcy or insolvency laws by or against Grantor/Mortgagor or any guarantor or the appointment of a
<br />receiver; (f) any default under the terms of any other indebtedness of Grantor/Mortgagor to any other creditor; (g)
<br />any writ of attachment, garnishment, execution, tax lien or similar instrument is issued against any collateral
<br />securing the loan, if any, or any of Grantor's/Mortgagor's property or any judgment is entered against
<br />Grantor/Mortgagor or any guarantor; (h) any part of Grantor's/Mortgagor's business is sold to or merged with any
<br />other business, individual, or entity; (i) any representation or warranty made by Grantor/Mortgagor to Lender in
<br />the Indebtedness or any financial statement delivered to Lender proves to have been false in any material respect
<br />as of the time when made or given; (j) if any guarantor, or any other party to any Related Documents in favor of
<br />Lender entered into or delivered in connection with the Indebtedness terminates, attempts to terminate or defaults
<br />under any such Related Documents; (k) Lender has deemed itself insecure or there has been a material adverse
<br />change of condition of the financial prospects of Grantor/Mortgagor or any collateral securing the obligations
<br />owing to Lender by Grantor/Mortgagor. Upon the occurrence of an event of default, the entire principal sum
<br />remaining unpaid hereunder, together with accrued interest, may be declared immediately due and payable at the
<br />option of the Lender. In addition, Lender may pursue any remedy available under the Indebtedness, at law or in
<br />equity.
<br />REMEDIES ON DEFAULT. Upon the occurrence of an Event of Default, Lender may, without demand or
<br />notice, pay any or all taxes, assessments, premiums, and liens required to be paid by Grantor, effect any insurance
<br />provided for herein, make such repairs, cause the abstracts of title or title insurance policy and tax histories of the
<br />Property to be certified to date, or procure new abstracts of title or title insurance and tax histories in case none
<br />were furnished to it, and procure title reports covering the Property, including surveys. The amounts paid for any
<br />such purposes will be added to the Indebtedness and will bear interest at the rate of interest otherwise accruing on
<br />the Indebtedness until paid. In the event of foreclosure, the abstracts of title or title insurance shall become the
<br />property of Lender. All abstracts of title, title insurance, tax histories, surveys, and other documents pertaining to
<br />the Indebtedness will remain in Lender's possession until the Indebtedness is paid in full.
<br />IN THE EVENT OF THE SALE OF THIS PROPERTY UNDER THE PROCEDURE FOR FORECLOSURE OF
<br />A SECURITY INSTRUMENT BY ADVERTISEMENT, AS PROVIDED BY APPLICABLE LAW, OR IN THE
<br />EVENT LENDER EXERCISES ITS RIGHTS UNDER THE ASSIGNMENT OF LEASES AND RENTS, THE
<br />® 2004-2020 Compliance Systems, Inc. 4217c3ac-fe6ae71c - 2019.302.1.5
<br />Commercial Real Estate Security Instrument - DL4007 Page 4 of 7 www.compliancesystems.com
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