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<br />A. Power. Grantor is duly organized, and validly existing and in geed standing in all jurisdictions in which
<br />Grantor operates. Grantor has the power and authority to enter into this transaction and In Carty on
<br />Grantor's business or activity as it is now being conducted and, as applicable, is qualified to do se in each
<br />jurisdiction in which Grantor operates.
<br />B. Authority. The e cuunru delivery and performance of this Security Instrument and the obligation
<br />evidenced by this Security Instrument are within Grantor's powers, have been only authorized, have received
<br />all necessary governmental approval, will not violate any provision of law, or order of court or governmental
<br />agency, and will not violate any agreement to which Grantor is a party or to which Grantor Is or any of
<br />Grantor's property is subject.
<br />C. Name and Place of Business. Other than previously disclosed in writing to Lerr Grantor has not
<br />changed Grantor's name or principal place of topics" within the last 10 years and has not used any other
<br />trade or fictitious name, Without Lender's prior written consent, Grantor does not and will not use any other
<br />cams and will preserve Grantor's existing t a ted, trade names and franchises.
<br />11. PROPERTY CONDITION, ALTERATIONS AND INSPECTION. Grantor will keep the Property in grind
<br />condition and make all repairs that are reasonably necessary , Grantor will not commit or allow any waste,
<br />impairment, or deterioration of tiro Property, Granter will keep the Property free of noxious weeds and grasses
<br />Grantor agrees that the nature of the occupancy and Line will not substantially change without Lender's print
<br />written consent Grantor will not permit any change in any lions co, restrictive covenant or easement without
<br />Lenders prior written consent Grantor will notify lender of all camunds, proceedings, claims, and actions
<br />against Grantor, and of any Inds or damage to the Property
<br />No portion of the Property will be removed, demolished or crucially altered without I. enter 'a prior written
<br />consent except that Grantor has the right to remove items of personal property cotnprising a part of the
<br />Property that became Wolf of Obsolete, provided that such personal property is replaced with other personal
<br />property at least equal in value to the replaced personal property, free from any title retention device, security
<br />agreement or other encumbrance. Stroh replacement of personal property will be deemed subject to the
<br />security interest c tend by this Security Instrument. Grantor will net partition or subdivide the Property
<br />without I ender's prior written consent.
<br />Lender or Lender's agents may, at Lender's option, enter the Property at any reasonable time for the purpose of
<br />Inspecting the Property. Lender will give Grantor notice at the time of or before an nspection specifying a
<br />reasonable purpose for the inspection. Any inspection of the Property will be entirely for Lender's benefit and
<br />Guntur will In no way rely on Lender's inspection
<br />12. AUTHORITY TO PERFORM, If Grantor fails to perform any duty or any of the covenants contained in this
<br />Security Instrument, Lender may, without notice, perform or cause them to be performed Grantor appoints
<br />Lender as atnrnay in fact to sign Grantor's name or pay any amount necessary for performance. Lender's right
<br />to perform for Grantor will net create art collection to perform, and Lender's failure to perform will not preclude
<br />Lcndcr fun exerdsing any of Lender's other rights under the law or this Security Instrument. It any
<br />construction on the Property Is discontinued or not carried on in a reasonable n ontier, Lender may take all stops
<br />necessary to protect Lender's security interest in the Property, including completion or fire construction.
<br />13. DEFAULT. Grantor will be In default if any of the fallowing occur
<br />A. Payments. Grantor fails to make a payment in full when duo,
<br />B. Insolvency or Bankruptcy. Any legal entity obligated on the Secured Debts makes an asslgnrnent for the
<br />benefit of creditors or become insolvent, either because its liabilities exceed its assets or it is unable to pay
<br />its debts as they became due, or It petitions for protection under federal, state or local bankruptcy,
<br />insolvency or debtor relief laws, Or is the subject of a petition or action tinder such laws and fails to have the
<br />petition or action dismissed within a reasonable period of time net to exceed 60 days.
<br />C. Business Termination. Grantor merges, dissolves, reorganizes, ends its business or existence, or a partner
<br />or majority owner dies or is declared legally incompetent.
<br />D. Failure to Perform. Grantor fails to perform any condition or to keep any promise or covenant of this
<br />Security Instrument.
<br />E. Other Documents. A default occurs under the terms of any other transaction document.
<br />F Other Agreements. Grantor is In default on any other debt ur agreement Granter has with Lender.
<br />G. Misrepresentation. Grantor makes any verbal or written statement or provides any finencial information
<br />that is untrue, macoomle, Or conceals a material fact at the time it is made or provided.
<br />H. Judgment. Grantor fails to satisfy or appeal any judgment against Grantor.
<br />I. Forfeiture. The Property Is used in a manner or for a purpose that threatens confiscation by a legal
<br />authority.
<br />J. Name Change. Grantor changes Grantor's name or assumes an additional name without notifying Lender
<br />before making such a change.
<br />N. Property Transfer. Grantor bansfcrs all or a substardlal pmt Of Grantor's money or property. This
<br />condition of default, as if relates to the uancter of the Property, is subject to the restrictions contained in the
<br />DUE ON SALL section,
<br />L. Property Value. The value of the Property declines or is impaired.
<br />M. Material Change. Without first notifying Lender, there is a material change In Grantor's business,
<br />including ownership, management, and financial eondiura s,
<br />N. Insecurity. Lender reasonably believes that Lender is insecure.
<br />14, REMEDIES. Lender may use any and all remedies I. ender has under state or federal law or in any instrument
<br />evidencing or pertaining to the Secured Debts, including, without limitation, oho power to sell the Property, Any
<br />amounts advanced on Grantor's behalf will be immediately duc and may be added to the, balance owing under
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