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<br />200900454
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<br />be CDll5jdel'~d, all agentfQr nnypllrty or OIItlty. Any amolUlts collt,'cted.may, at Lendcts sole di3cretion, be applied
<br />10 proloct Lel.1der'll interest in theProperly,lnducling but notlimitcd lathe p'lymclll of ro.~es end insunmce
<br />)lI'emiullls and 10 the Indobtednes9. At Lenden sole dlscrelioll, ullleases, subleases and lil:eoses must first be
<br />approY1:dby Lenoor.
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<br />CONDEMNATION. Grantor shall give Lender notlee of any aetionUlken or threnrened' to be taken by private or
<br />public emiilas IQ approprillte the Property or any part thereof., Ibrough comlcmnation, omlnent domuln or uny (JIher
<br />action. flUrthcl', Lellder shall be permitted to partlclpat~ or intervene in any of the above described 'praeeemllllS In
<br />any mnnner it shQll at its sole discretion determille. Lender is hereby given full power, right and lluthortry 10
<br />l'CeeivelUld rellCipt tilt ilRY and ell dllull1geil uWQl(\ed lIS a restilt. of the full or partiQltllking or lIppropriatiollllnd In
<br />Its sole discretion, to apply SlI!dawsrds. to the Indebtedness, whether or /lilt 1hen due or olherwise in accordance
<br />with applicable law. Ui1less Lender olherwlso agrees jg, writing, IIny applicatloll.of proceeds to the Ind.:btedm:5S
<br />shall not extend or poslpono tile due dnte of th$ payments duo under tbe IndebtednesS or chung" tho amount of
<br />such payments.
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<br />GRANTOR'S ASSURANCES. At any time, upon.a requeSt of Lender, Grantor will c"'eellta IInd deliver to
<br />Lender, ood if nppropriate, cause tll. ber\.'COrded, such further niortgliges, l\5Signmenis~ l\5Signmcnls of leases and
<br />rents, BI'l:Urity agreements, pledges, financing sratelllenls, or !Wch olher documenlllSL~nder nl~Y require, In
<br />Lender's sole discretion; to effectuate, complotc,ood to pdt:ias well astOcantlnllc to preJle:rvc the Indebtedness.
<br />or dte llen or si:curity inrotestl'l1'Cllted by 1I1is Security IDlllnlment.
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<br />A T!'ORNEY -IN-FACI. Ornntor .appoints Lender as llltomey-Ill-fool on bchalf of Grantor. 'If Grantor mb tll
<br />fuHllllDlY ofOrantor'sohHsarlons\Iltderlhis Set:Urjty lnstnllnentor any Rda1ed Documents, Includlug those
<br />obllgatio!.s mCllrionlld iil the PfCCeding paragraph, Lender lIB altomoy-in'[lll1t m~ fulfill 1I1e obliJPtiODS without
<br />notiee to. Ornotor. This'power oflUtomey' shnll not be.nffccted by tho-disabllityoftJ\c Grantor.
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<br />EVENTS OF DE'FAULT. The following evcnts sluill collStlmle dufuult, IDlder Ibis Security Irn;lrulllellt (cach an
<br />"Event ofDcfaWt"): .
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<br />(n) Failure to maIro required paynieilts when due tulderlndebtedness;
<br />(b) Fililure to perform or keep any of the eoveriDnts of dlis Sec;uriry Insmlltllmt..or a defiIult undl'l' uny of
<br />the Related Docwn~'llrs;
<br />(e) TIl/illlllking t>hny oral or written SI.ritWlllllt or n$llOrllonto Lender. that i, flIlsc or mi!lleadlngin any
<br />material ~etby Gmntot or anypcrson obliga1.edon tbe Indebtedness;
<br />(d) The dlllllh, dissolution, insolv~cy.blInkruptcy or receivership proceeding of Grantor or ofuuy p!:lllon
<br />or enU\)' obli&ated QI\ thlllildebtcdJl<lllll: .
<br />(e) AIr; lWlI!,'1lI1lentby Grllntor tQr the bencfitof GllliJtor's creclitors;
<br />(t) A mal.etinl adverse chango 00= in lhe finllucial conditiou, ownership or managemcntofGrantor or
<br />any person obligated on the Indebtedness; or
<br />(g) Lt:ndcrdccms itselfhlSCI:UrC for any,reason whatsoever.
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<br />JmMEDlES ON DEFAULT. Upliil the occurrence. oran Event of Defuult,I,endct may, wilho.ut clenutnd or
<br />notice, pay lUl)i' or nlltaxCll; ,auesmnents, prlllniulns, and UODlI required to be. paid by Gnuitor, effect any insurance
<br />provided. filr herein, make such repairs, cause lhe abslrllCls of title or title insul'lII1I.'C policy arid In.X bistories of the
<br />Property to be certified rb date, or procure nbw sbsln\etS of title or titlo inSUl1\llCe lInd tux histories in ew;e none
<br />were furnished to it. and. procure tiiJi.Tflports covering tho 'Property, including surveys. The nlUounts-pllid farnny
<br />such purposa will be added to the .Indcbtednc." and will bear interest at the rate oflnlorost othCl'wise accruing on
<br />the IndebtedilOSll until paid, In the event of foroclo5ure, rhe abJ.'traets of \ilia \II title insurance. shall become tho
<br />property of Lender.. All abslruets of til1c,lithi insurllilce, tax historlell. surveys, and otlri:T doouments pertniniug 10
<br />tho Indebtedness will remalilln Lendi:r'spoSllIISlllWi until the Indebtc4ne.ss isp"id in full.
<br />INnIE EVENTOF THHSALE OFTHIS .PROPERTY UNDER TIlE PROCEDURB FOR FOReCLOSURE OF
<br />A SHCUR1TY lNSTRUMENTBY ADVERTiSEMENT, AS PROVIDED BY APPLlCJ.ElLlI LAW, OR IN TfI.E
<br />EVENT LENDER EXERCISES ITS RIGHTS UNDER THE ASSIGNMENT OF LEASES AND RENTS, THE
<br />LENDER SHALL PROVIDE ALL STATUTORILY RBQUlRED NOTICES OF SALE AND NOTlCES OF
<br />JUDICIAL HEARINGS 'BBFORE LENDER EXERCISES ANY 01' ITS .RIGHTS tINDER THIS
<br />INSTRUMENT.
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<br />Upon .the occum:nce of an Evont of Default, LcnderlllllY. without noticll uules:s required by. law, and at Its option,
<br />QC\llaro tbe entire llldebtedness due and payable, ask may elect, regardless of the date or dat~ ofmamrity thereof
<br />Md, if permlned by state law, is authorb:cdalld elnpowered to seU or to cauSt: the Property to be sold nt public
<br />auction, and to lll'CCute llIlCl deliver 10 the purchaser or purchascrsauuch salo any deeds of cOIlveyancll good ;1l1d
<br />sufficient (It law. pIll'1llmnt to the atntule in such CDse rna<le and provided, andoul of the proceeds of dlC sale to
<br />retnin the sums then due hereunder and i111 costs and charges ofihe Slllll, meludlngnllorneys' fees, rendoring any
<br />swplus to the pllrty orpnrties entlUed to It The rceilllls intbe trustee's deed Shall be prima facie evidenee of !he
<br />trudl orthe Slalsmcnls made in it. If Lender chooses to invoke the power' of sale, Leni:ler or Trustee will provitl",
<br />notice of sale pummnt ltl applicable law, Atry such sale or a sale mode pursuant to a Judgment or II decree for the
<br />tilreelosure hereof may, nt tho option of Lender, be.ll1ooe en masse, The llomincnecmentof proceedings to
<br />foreclOlC dIls Mortgage in any nUlnnerllutbori~dby law sl\llll be deemed 8$ e.-alll:ise of the abow option.
<br />Upon thll occurrence of an Event ofDcfault, Lender'shaD UnlnediatelY ~ entlded to Itlllke appllCatlon for and
<br />obrnin tho appointment ot' 11 receiver for llle Proper1;y 8Dd of the earnings. income, issue aud. profits of it, with the
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