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202207914
<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 />EVENTS OF DEFAULT; REMEDIES. I will be in default and you may, to the extent permitted by law, declare
<br />the entire unpaid balance of this loan immediately due and payable if (each an "Event of Default"): (a) I do not
<br />keep any promise or perform any obligation under this Note or any other contract or note that I may have with
<br />you; or (b)1 give you false or misleading information in order to obtain, or while I owe on, this Note; or (c) I
<br />should die or become involved in any bankruptcy, receivership, insolvency, or custodial proceedings brought by
<br />or against me; or (d) I should have a judgment or tax lien filed against me or any attachment or garnishment
<br />should be issued against any of my property or rights, specifically including anyone starting an action or
<br />proceeding to seize any funds that I may have on deposit with you; and/or (e) you, in good faith, reasonably
<br />believe my ability to repay the indebtedness owed under this is or soon will be impaired, time being of the very
<br />essence. If permitted by law, I waive any otherwise required notice of: presentment; dishonor; demand;
<br />acceleration; and intent to accelerate. If I am in default, to the extent permitted by law, without any prior notice or
<br />demand, unless required by law, I will have to pay the entire unpaid balance of this loan and you may invoke any
<br />other remedies permitted by applicable law. You may sell or dispose of the Collateral in any manner permitted by
<br />law. After appropriate application of the proceeds of any sale, I will be liable to pay any resulting deficiency on
<br />my loan to you, to the extent permitted by law.
<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 />LENDER SHALL PROVIDE ALL STATUTORILY REQUIRED NOTICES OF SALE AND NOTICES OF
<br />JUDICIAL HEARINGS BEFORE LENDER EXERCISES ANY OF ITS RIGHTS UNDER THIS
<br />INSTRUMENT.
<br />Upon the occurrence of an Event of Default, Lender may, without notice unless required by law, and at its option,
<br />declare the entire Indebtedness due and payable, as it may elect, regardless of the date or dates of maturity thereof
<br />and, if permitted by state law, is authorized and empowered to cause the Property to be sold at public auction, and
<br />to execute and deliver to the purchaser or purchasers at such sale any deeds of conveyance good and sufficient at
<br />law, pursuant to the statute in such case made and provided. The Trustee shall apply the proceeds of the Trustee's
<br />sale, first, to the costs and expenses of exercising the power of sale and of the sale, including the payment of the
<br />© 2004-2020 Compliance Systems, Inc. 71cba0ea•14060bb4 - 2019.205.2.4
<br />Commercial Real Estate Security Instrument - 1)L4007 Page 4 of 7 www.compliancesystems.com
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