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<br />manth in advance af the due date. Lender.may'alsa require Grantor; tenant and any ather user af the Praperty to.
<br />make payments afRents directly to. Lender. Hawever, by receiving any such payments, Lender is nat, and shall nat
<br />be cansidered, an agent far any party or entity. Any amaunts callected may, at Lender's sale discretian, be applied
<br />to. protect Lender's interest in the Praperty, including but nat limited to. the payment af taxes and insurance
<br />premiums and to. the Indebtedness. At Lender's sale discretian, all leases, subleases and licenses must first be
<br />appraved by Lender.
<br />
<br />CONDEMNATION. Grantar shall give Lender natice af any actian taken ar threatened to. be taken by private or
<br />public entities to. apprapriate the Property or any part thereaf, thraugh candenmatian, eminent damain ar any ather
<br />actian. Further, Lender shall be permitted to. participate ar intervene in any af the abave described proceedings in
<br />any manner it shall at its sale discretian determine. Lender is hereby given full pawer, right and autharity to.
<br />receive and receipt far any and all damages awarded as a result af the full or partial taking o.r appro.priatio.n and in
<br />its sale discretian, to. apply said awards to. the Indebtedness, whether o.r no.t then due o.r atherwise in accardance
<br />with applicable law. Unless Lender atherwise agrees in writing, any applicatio.n af pro.ceeds to. the Indebtedness
<br />shall nat extend ar pastpane the due date af the payments due under the Indebtedness ar change the amaunt af
<br />such payments.
<br />
<br />GRANTOR'S ASSURANCES. At any time, upan a request af Lender, Grantar will execute and deliver to.
<br />Lender, and if apprapriate, cause to. be reco.rded, such further martgages, assignments, assignments af leases and
<br />rents, security agreements, pledges, financing statements, ar such ather dacument as Lender may require, in
<br />Lender's sale discretian, to. effectuate, co.mplete and to. perfect as well as to. co.ntinue to. preserve the Indebtedness,
<br />ar the lien ar security interest created by this Security Instrument.
<br />
<br />ATTORNEY -IN-FACT. Grantar appaints Lender as attarney-in-fact an behalf af Grantar. If Grantar fails to.
<br />fulfill any af Grantor's abligatians under this Security Instrument or any Related Dacuments, including thase
<br />abligatians mentianed in the preceding paragraph, Lender as attarney-in-fact may fulfill the abligatians withaut
<br />natice to. Grantar. This Po.wer o.f atto.rney shall no.t be affected by the disability o.f the Grantar.
<br />
<br />EVENTS OF DEFAULT. The fallo.wing events shall canstitute default under this Security Instrument (each an
<br />"Event afDefault"):
<br />
<br />(a) Failure to. make required payments when due under Indebtedness;
<br />(b) Failure to. perfarm ar keep any af the cavenants af this Security Instrument ar a default under any af
<br />the Related Dacuments;
<br />(c) The making af any aral or written statement or assertian to. Lender that is false ar misleading in any
<br />material respect by Granto.r ar any persan abligated an the Indebtedness;
<br />(d) The death, dissalutian, insalvency, bankruptcy ar receivership proceeding af Grantar or of any persan
<br />ar entity obligated on the Indebtedness;
<br />(e) Any assignment by Granto.r fo.r the benefit o.f Granto.r's creditars;
<br />(f) A material adverse change accurs in the financial conditian, awnership or management af Grantar ar
<br />any person abligated an the Indebtedness; or
<br />(g) Lender deems itself insecure for any reason whatsaever.
<br />
<br />REMEDIES ON DEFAULT. Upan the accurrence o.f an Event of Default, Lender may, without demand ar
<br />natice, pay any o.r all taxes, assessments, premiums, and liens required to. be paid by Grantar, effect any insurance
<br />pravided for herein, make such repairs, cause the abstracts af title ar title insurance palicy and tax histaries af the
<br />Pro.perty to. be certified to. date, o.r pracure new abstracts af title or title insurance and tax histaries in case nane
<br />were furnished to. it, and procure title reparts cavering the Praperty, including surveys. The amaunts paid far any
<br />such purpases will be added to the Indebtedness and will bear interest at the rate af interest atherwise accruing an
<br />the Indebtedness until paid. In the event af foreclasure, the abstracts af title ar title insurance shall became the
<br />praperty af Lender. All abstracts o.f title, title insurance, tax histaries, surveys, and ather documents pertaining to.
<br />the Indebtedness will remain in Lender's passes sian until the Indebtedness is paid in full.
<br />
<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 ST A TUTORIL Y REQUIRED NOTICES OF SALE AND NOTICES OF
<br />JUDICIAL HEARINGS BEFORE LENDER EXERCISES ANY OF ITS RIGHTS UNDER THIS
<br />INSTRUMENT.
<br />
<br />Upon the accurrence o.f an Event af Default, Lender may, withaut natice unless required by law, and at its aptian,
<br />declare the entire Indebtedness due and payable, as it may elect, regardless o.f the date ar dates af maturity thereo.f
<br />and, if permitted by state law, is autharized and empawered to. cause the Praperty to. be So.ld at public auctio.n, and
<br />to. execute and deliver to. the purchaser o.r purchasers at such sale any deeds af canveyance gaad and sufficient at
<br />law, pursuant to. the statute in such case made and pravided. The Trustee shall apply the praceeds af the Trustee's
<br />sale, first, to. the casts and expenses af exercising the Po.wer o.f sale and o.f the sale, including the payment af the
<br />Trustee's fees actually incurred; secand, to. payment af the abligatian secured by the trust deed; third, to. the
<br />payment af junior trust deeds, martgages, ar ather lienhalders and the balance, if any, to. the persan ar persans
<br />legally entitled thereto.. The recitals in the Trustee's deed shall be prima facie evidence o.f the truth of the
<br />statements made in it. If Lender chaases to invake the power af sale, Lender ar Trustee will provide natice af sale
<br />pursuant to. applicable law. Any such sale ar a sale made pursuant to. a judgment ar a decree far the fareclasure
<br />
<br />02004.2008 Copyright Compliance Systems, Inc. 63C7-692C - 2008.12.282
<br />Commercial Real Estate: S Tit JnsLrume~nt - DL4007
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