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<br />20080001.
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<br />of record acceptable to Lender. Further, Grantor covenants that Grantor will warrant and defend generally
<br />thc title to the Property against any and all claims and demands whatsoever, subject to the easements,
<br />restrictions, or other encumbrances of record acceptable to Lender, as may be listed in the schedule of
<br />exceptions to coverage in any abstract of title or title insurance policy insuring Lender's interest in the
<br />Property.
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<br />Condition of Property. The Grantor promises at all times to preserve and to maintain the Propelty and
<br />every part thereof in good repair, working order, and condition and will from time to time, make all needful
<br />and proper repairs so that the value of the Property shall not in any way be impaired.
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<br />Removal of any Part of the Property. Grantor promises not to remove any part of the Propelty It'om its
<br />present location. except for replacelnent maintenance and relocation in the ordinary course of business.
<br />
<br />Alterations to the Property. Grantor promises to abstain from the commission of any waste on the
<br />Property. Further, Gmntor shall make no matel'ial alterations, additions or improvements of any type
<br />whatever to the Property, regardless of whether such alterations, additions or improvements would increase
<br />the value of the Property, nor permit anyone to do so except for tenant improvements and completion of
<br />items pursuant to approved plans and specifications, without Lender's prior written consent, which consent
<br />may be withheld by Lender in its sole discretion. Grantor will comply with all laws and regulations of all
<br />public authorities having jurisdiction over the premises relating to the use, occupancy and maintenance
<br />thel'eofand shall upon request prornptly submit to Lender evidence of such compliance.
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<br />Due 011 Sale. Lender's Consent. Grantor shall not sell, further encumber or otherwise dispose of, except as
<br />herein provided. any or all of its interest in any part of or all of the Property without first obtaining the
<br />written consent of Lender. If any encumbrance, lien, transfer or sale or agreement for these is created,
<br />Lender may declare immediately due and payable, the entire balance of the Indebtedness.
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<br />Insurance. Grantor promises to keep the Pl'Operty insured against such risks and in such form as may within
<br />the sole discretion of Lender be acceptable, causing Lender to be named as loss payee or if requested by
<br />Lender, as rnortgagee. 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 />recl.:ipts 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 of
<br />loss to Lender with the proceeds to be applied, only at Lender's option, to the repair and replacement of the
<br />damage or loss or to be applied to the Indebtedness with the surplus, ifany, to be paid by Lender to Grantor.
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<br />Payment of Taxes and Other Applicable Cha..ges. Grantor promises to pay and to discharge liens,
<br />I.:nclllnbrances, taxes, assessments, lease payments and any other charges relating to the Property when levied
<br />or assessed against Grantor or the Property.
<br />
<br />Environmentnl Lnws 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 />environmcntallaws 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 or 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 />any liabil ity or expense of whatsoever nature incurred directly or indirectly as a result of Grantor's violation
<br />of applicable local, state and federal environmental laws and regulations or Grantor's involvement with
<br />hazardous or toxic materials.
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<br />Financiallnformatiol1. Grantor agrees to supply Lender such financial and other information concerning its
<br />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.
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<br />Lcnder's Right to Enter. The Lender or Lender's agents shall have the right and access to inspect the
<br />Property at all reasonable times in order to attend to Lender's interests and ensure compliance with the terms
<br />of this Security Instrument. If the Property, or any part thereqf, shall require inspection, repair or
<br />maintenance which the Grantor has failed to provide, the Lender, after reasonable notice, may enter upon the
<br />Property to effect such obligation; and the cost thereof shall be added to the Indebtedness and paid on the
<br />Lender's demand by the Crantor.
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<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 all rents,
<br />income and profits ("Rents") under any present or future leases, subleases or licenses of the Property, including
<br />any guaranties, extensions, amendmcnts or renewals thereot~ from the use of the Propel.ty. So long as Grantor is
<br />not in dcf'ault, Grantor l11ay receive, collect and enjoy all Rents accruing from the Property, but not more than one
<br />month in advance of the due date. Lender may also require Grantor, tenant and any other user of the Property to
<br />make payments of Rents directly to Lender. However, by receiving any such payments, Lender is not, and shall not
<br />hI.: considered, an agent for any party or entity. Any amounts collected may, at the Lender's sole discretion, be
<br />
<br />~~: 2oul.j-2U06 ('Opylll:!ht COlllpliilt1ce SYSh'I11~. 11lL: .l-10A-FE82 - 2006.11.182
<br />COIl\1l1et"L.'illJ Rt':1l Eswt~ S(:('l,Iritv IllslnllllC'tlt ~ DL4007
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