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<br /> 20094582'
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<br /> Property. Grantor covenants that the Property is unencumbered and free of all liens, except for encumbrances
<br /> of record acceptable to Lender. Further, Grantor covey}ants that .Grantor will warrant and defend generally,
<br /> the.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 scl edule'l;of
<br /> exceptions to coverage in any or1 title insurance policy insuring Lender's. interest in the
<br /> abstract o title
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<br /> Property: . .
<br /> Condition of Property. Grantor promises at all times to preserve and to maintain the Property and every
<br /> part thereof in good repair, working order, and condition and will from time to time, make all needful and
<br /> proper repairs so that the value of the Property shall not in any way be impaired.
<br /> Removal of any Part of the Property. Grantor promises not to remove any part of the Property from its
<br /> present location, except for replacement, maintenance and relocation in the ordinary course of business.
<br /> Alterations to the Property. Grantor promises to abstain from the commission of any waste on the
<br /> Property. Further, Grantor shall make no material 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, n6r permit anyone to do so`,dkcept for tenant Improv; dm' eats 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 /> thereof and shall upon request promptly submit to Lender evidence of such compliance.
<br /> Due on 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.
<br /> Insurance. Grantor promises to keep the Property insured against such risks and in such form as may within
<br /> the sole discretion of Lender be acceptabie,?'causitlg Lender, to >be- named•.As-loss payee or, if requested by
<br /> Lender, ; as.mortgagee.:,;The,,.tpsurance 'company shall be. chosen by Grantor subject to' Lender's approval,
<br /> which shall not be unreasonably withheld. All insurance policies must provide than Lender- will get a
<br /> minimum of 10 days notice prior to cancellation. At Lender's discretion, Grantor may be required to produce
<br /> receipts 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, if any, to be paid by Lender to Grantor.
<br /> Payment of Taxes and Other Applicable Charges. Grantor promises to pay and to discharge liens,
<br /> encumbrances, taxes, assessments, lease payments and any other charges relating to the Property when levied
<br /> or assessed against Grantor or the Property.
<br /> Environmental Laws 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 /> environmental laws 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 of applicable' state and 'federal environmental laws including the location of any
<br /> hazardous or toxic materials on or about th e Property. Grantor indemnifies 'and holds Lender'harmless from
<br /> any liability 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.
<br /> Financial Information:' Grantor', agrees to "supply Lender sucli financial and .other: information concerning its.
<br /> Walrs "and tl eIstatus: of"hby' 'of its assets 'as t'ider, fxom tune to 'time, inay 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.
<br /> Lender's Right to Enter. Lender or Lender's agents shall have the right and access to inspect the Property at
<br /> 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 tr °'nsfers 'ver 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, amendments or renewals thereof, from the use of the Property. So long as Grantor is
<br /> not in default, Grantor may receive, collect and enjoy all Rents accruing from the Property, but not more than one
<br /> inonth'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 /> 02004-2007 Copyright Corppliance Systems, Inc. 23FA-263C-2007.07.200 w .cnmplianeesystems.com
<br /> Commer0' Real-Estate Seeuri Instrument - DIA007 Pa 0-20f5 800.968,8522 • Fax,616-936-.1868
<br /> Initials
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