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202505117
<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. As additional security for the payment of the Indebtedness and the
<br />performance of the covenants contained herein, Grantor hereby assigns and transfers over to Lender any present
<br />or future leases, subleases, or licenses of the Property, including any guaranties, extensions, amendments, or
<br />renewals thereof, and all rents, income, royalties, and profits derived from the use of the Property or any portion
<br />of it, whether due or to become due (collectively the "Rents"). So long as Grantor is not in default, Grantor may
<br />receive, collect and enjoy all Rents accruing from the Property, but not more than one month in advance of the
<br />due date. Lender may also require Grantor, tenant and any other user of the Property to make payments of Rents
<br />directly to Lender. However, by receiving any such payments, Lender is not, and shall not be considered, an agent
<br />for any party or entity. Any amounts collected may, at Lender's sole discretion, be applied to protect Lender's
<br />interest in the Property, including but not limited to the payment of taxes and insurance premiums and to the
<br />Indebtedness. At Lender's sole discretion, all leases, subleases and licenses must first be approved by Lender.
<br />CONDEMNATION. Grantor shall give Lender notice of any action taken or threatened to be taken by private or
<br />public entities to appropriate the Property or any part thereof, through condemnation, eminent domain or any
<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 Borrower/Grantor/Mortgagor to Lender under
<br />the 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) Borrower's/Grantor's/Mortgagor's failure to make any
<br />payment on time or in the amount due; (b) any default by Borrower/Grantor/Mortgagor under the terms of the
<br />Indebtedness; (c) the death, dissolution or termination of existence of Borrower/Grantor/Mortgagor or any
<br />guarantor; (d) Borrower/Grantor/Mortgagor is not paying Borrower's/Grantor's/Mortgagor's debts as such debts
<br />become due; (e) the commencement of any proceeding under bankruptcy or insolvency laws by or against
<br />Borrower/Grantor/Mortgagor or any guarantor or the appointment of a receiver; (f) any default under the terms of
<br />any other indebtedness of Borrower/Grantor/Mortgagor to any other creditor; (g) any writ of attachment,
<br />garnishment, execution, tax lien or similar instrument is issued against any collateral securing the loan, if any, or
<br />any of Borrower's/Grantor's/Mortgagor's property or any judgment is entered against
<br />Borrower/Grantor/Mortgagor or any guarantor; (h) any part of Borrower's/Grantor's/Mortgagor's business is sold
<br />to or merged with any other business, individual, or entity; (i) any representation or warranty made by
<br />Borrower/Grantor/Mortgagor to Lender in the Indebtedness or any financial statement delivered to Lender proves
<br />©TruStage Compliance Solutions 2004-2025 0a1a4f51-4794bb38 - 2025.76.9.7
<br />Page 4 of 9 Commercial Real Estate Security Instrument - DLA007
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