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<br /> be considered, an agent for, any party or.entity..;Any amounts collected may, at Lender's sole discretion, be applied
<br /> to.. protect Lender's interest in :'.the Property; including but not limited, to the, payment :of taxes ''and insurance
<br /> premiums.;and, to: the, Indebtedness.; At Lender':s sole discretion, all -leases; subleases, and, licenses must. first be
<br /> apprpv,d'"by Lender.,,.. t'
<br /> CON DEMNATION:'Granior shall give Lender notice of any actiori'takeri'or threatened to be taken.by'private or
<br /> public entities to appropriate the Property or any part thereof, through condemnation, eminent domain or'any other
<br /> action. Further, Lender, shall be permitted: to participate or intervene in,any'of the above described proceedings in
<br /> any manner it shall at its sole discretion determine. Lender is hereby given full power, right and authority to
<br /> receive and receipt for any and.all damages awarded as a result of the full or partial taking or appropriation and in
<br /> its sole discretion, to apply said awards to the Indebtedness, whether or not then due or otherwise in accordance
<br /> with applicable law, Unless Lender otherwise agrees in writing, any application of proceeds to the Indebtedness
<br /> shall not extend or postpone the due date of the payments due under the Indebtedness or change the amount of
<br /> such payments.
<br /> GRANTOR'S ASSURANCES. At any time, upon, a request, of Lender,, Grantor will execute and deliver to
<br /> Lend _ pproa ,pdi ~te, cause.to lie d, such further mortgages assi&t ments assignments of leases and
<br /> er, and if a recorded,
<br /> rents, security agreements, pledges, financing statements, or such other document as Lender may require, in
<br /> Lender's sole discretion, to effectuate, complete and to perfect as well as to continue to preserve the Indebtedness,
<br /> or the lien or security interest created by this Security Instrument.
<br /> ATTORNEY-IN-FACT. Grantor appoints Lender as attorney-in-fact on behalf'of Grantor. If Grantor fails to
<br /> fulfill any of Grantor's obligations under this Security Instrument or any Related Documents, including those
<br /> obligations mentioned in the preceding paragraph, Lender as attorney-in-fact may fulfill the obligations without
<br /> notice"to Grantor. This power of attorney shall not be affected by the disability of the Grantor.
<br /> EVENTS OF DEFAULT. The :following 'events shall constitute ;default underthis Security Instrument (each an
<br /> "Er nt of Default"):
<br /> (a)^ ~~,Failure to;riiakaregUired..paynfents'when due;i ndet lridtbteHness; `
<br /> (b) ' Failure to perform or'keep~any of the covenants of this` Security' Instrument or:?a default -an . der, any of
<br /> the Related Documents;
<br /> (c) ' The making of anyoral''or'written statement or assertion to Lender that'is false or misleading in any
<br /> material respect by Grantor or-any person obligated on the Indebtedness;
<br /> (d) The death, dissolution, insolvency, bankruptcy or receivership proceeding of Grantor or of any person
<br /> or entity obligated on the Indebtedness;
<br /> (e) Any assignment by Grantor for the benefit of Grantor's creditors;
<br /> (f) A material adverse change occurs in the financial condition, ownership or management of Grantor or
<br /> any person obligated. on the Indebtedness; or. .
<br /> (g) Lender deems itself insecure for any reason whatsoever.
<br /> REMEDIES ON DEFAULT. Upon the occurrence of an Event of Default, Lender may, without demand or
<br /> notice, pay any or all taxes, assessments, premiuirts, and liens required to be paid by Grantor, effect arty insurance
<br /> provided for herein, make such repairs, cause the abstracts of title or title insurance policy and tax histories of the
<br /> Property to be certified to date, or procure new abstracts of title or title insurance and tax histories in case none
<br /> were furnished to it, and procure title reports covering the Property, including surveys. The amounts paid for any
<br /> such purposes will be added to. the Indebtedness and mill bear interest at the rate of interest otherwise accruing on
<br /> the. Indebtedness until paid.. In the event, of foreclosure, the: abstracts of ;title or title insurance shall become the
<br /> property, of tender,, All .abstracts of title, title insurance, tax histories, surreys,, and other documents pertaining to
<br /> the Int,ebtedpess.wilI remain in Lender's possession until the Indebtedness xs.,paid.in full
<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 /> LENDER EVENT EXERCISES.ITS, RIGHTS UNDER THE ASSIGNMENT OF, LEASES AND.
<br /> RENTS, THE
<br /> LEND1rR SHALL. PROVIDE ALL. STATUTORILY REQVAR' E' D NOTICES `OF. SALE AND' NOTICES OF
<br /> JUDICIAL: HEARINGS BEFORE "LENDER' EXERCISES~ ANYF, ITS' RIGHTS UNDER.:. THIS
<br /> INSTRUMENT.
<br /> Upon the occurrence of an Event of Default, Lender may, without notice unless required by law, and at its option,
<br /> declare the entire Indebtedness due and payable, as it may elect; regardless of the date or dates of maturity thereof
<br /> and, if permitted by state law, is authorized and empowered to sell or to cause the Property to be sold at public
<br /> auction, and to execute and deliver to the purchaser or purchasers at such sale any deeds of conveyance good and
<br /> sufficient at law, pursuant to the statute in such case made and provided, and out of the proceeds of the sale to
<br /> retain the sums then due hereunder and all costs and charges of the sale, including attorneys' fees, rendering any
<br /> surplus to the party or parties entitled to it. The recitals in the trustee's deed shall be prima facie evidence of the
<br /> truth of the statements made in it. If Lender chooses to invoke the power of sale, Lender or Trustee will provide
<br /> notice of sale pursuant to applicable law. Anv sue}I sale or a sale made, pursuant to a indgment or a decree for the
<br /> foreclosure hereof may, at the option of Lender, be made en masse. The commencement of proceedings to
<br /> foreclose this Mortgage in any manner authorized by law shall be deemed as exercise of the above option.
<br /> Upon the occurrence of an Event of Default, Lender shall immediately be entitled to make application for and
<br /> obtain the appointment of a receiver for.the Property. and of,the eamings, income, issue and profits of it, with the
<br /> P>nB Compliance Sy5tems, Inc.
<br /> " wiaw.comphanZ:Esyatcm§.com
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