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<br /> (v) All righr:� ix� rsAl. canH�:x'�u:tion c�nd r�rch�Cecturnl c�ntx'acts �COr �iie ir�p�ovoia�t��o
<br /> ._�� and Gxuntor'a xlghr� in t1�e pAa�e and 9pocifica+c�one with raspoct thoroto; and K.;
<br /> o�:
<br /> � � (vi) All perm�.te and 1lconaee of ull governmontnl or ro�uloto�y AuGhox£cioc or ui �a
<br />��� �{� any pereone� cor.pn�-ati.one, Pt�ztnerehipa, CrusGa or oChar onticiea, uyed or intended Co be _
<br /> udacl in COiIiIAO��OTI wiCli thct raal propor.ty. ��
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<br /> '�� All of thA pr.ope,r,cy dc�aazibad in the for�going aubpaxap�raphs. including all proceede �
<br /> ,'�� and produoes thereo£, e►ncl u�]. replacemants� a�ldieiona and sceeasions thereforc and thereto, -
<br /> =�� ehall be deened to bA and. xeto.�in a part oE the reel pro�perty covered by th�a InatrumAnt; _
<br /> ��C� and all o�f tbe £ar.egoilx��, CaQuther with said real proparty� nre h�rein collec�ively refexxed
<br /> � eo ae the "Frop�rty". -
<br />.���� TO NAV�' AND TtD HQIA xhp Property with the+ appurtenancea, and r�ny ufter-acquired Citle
<br />��a;,� Gxantox may sub�teqiannr.ly obtaln therein, unto Trustee, or any substitute or aucceb5ar in
<br /> "r� tr�ast, forevar;
<br /> --- PROVYDEA. ALWAY3, howav�r that if Grantor shall pay Beneficiary tile Indebtc�dness when
<br /> _--�;,� due, arid eha'll fulLYy an%�►1Y with everyr co�anamt and conditiun sor. forth heiein or in the .
<br /> _'�_� Note, then theee pr.eeanCa �nd the estaCe hereb,y granted ahall cemse� and be void; provided.
<br />--���' fur.thor, Chr�t unti]. eh� hr��rpenia� of ary occurrence ar event which �iVen Benef.iciary the
<br />� "�� option Co cavs� thc� I�r►dnbCadnesr� eo become due and payable, Grantor shall have tha ri�hC
<br />_,� to poaso�s And en�ny th� Property, aub,�ect xo the assignment of rents herein.
<br />_ --- Grsntor. covonnnte, wurranta, represents and ugree�e as follows:
<br /> 1. PAYMKNa OF OBLIGATIONS. Grantor sha11 prompely pr�y whon c�.L.0 the pr3ncf�pal and
<br /> intereet on thc� ind�btedness evidenced by the Note, any late chsrges, prepayment premiu�x
<br />--�- or. othex suns� raqui.rod. to be paid by she Note, and all other stzns securod by this
<br /> : 3�.s�rwaoni.
<br /> 2, 4iAItItAN:��83. Grantor warracxte Y:hat Grantor ia lawfully aeiaed of. �: f�e� aimple
<br /> eetnte iu th� roa.l property heraby conveyed t�nd has the right to mortgage. canvey, grar�C
<br /> and. ��tsiga �hn I'ropoL�x, that the ProParx� is subject in all cases to no lfen, 4herga ak� •
<br /> enec,y�ioxanaA othex th�tzi �hoae approved b�+ S�+neficiary, Chat thia lnstxument ic� and wi.11 ,
<br /> ren�s��n .a vali.d and en��r�eable lien on Gtn� 1Propexty, and L•ha� Orantor shall c�a�3�hrate to
<br /> pr.eearv�e sua�i tftle, ane W�11 farc+ver warrRr►t and defAnd the t�ltl�, valSdity and priori�yr .,. .
<br /> of the lic+n'x�sxeof against t2ta alnims of all persons and parties 'wroi�soever. Grantor
<br /> fu�thor Har�ante that (i) Grantor has full powcsr and authority xb aonaummata the
<br /> tran�snr,��nna cantemp2ate�hereby and perfozm tte obligations uncier this Instrunant, the Note
<br /> end an}►• oGher docuanents given to evidenae or further seaure �fie obligationa provided for
<br /> hc�r.ei.n� (ii) there are no actions, suiCs or proceedings ar 3�vestigations at law or tn
<br /> aquitiy pend4ng, or to the kx�owledgo of Grantor thxeatened against or nffeating it or tha
<br /> �- -�- Px{!�erty, nnd Grantor ie not in default �iit•h rospect to any order, writ� jadgatent, deorse
<br /> on'•�'xi�nutnd or any coure �x any governmentml aa�thority; (iit) tne exccution nnd delivery by
<br /> (;o:8an�t�ax of tttis In�str�smet�t. thv Note, an� tsny other docun�er�z� ,��.ven to evidence o�.€urther
<br /> s�e.'ia�e tha obligations provided Eor herein do not nnd will �:o't zesule in any b��naeh af, or
<br /> constitute a default und�r, any mortgage, deed of trust, lease, �ank loat� or credit
<br /> agreement or other instr�unent or dacuments ta which Grantor is a par:.y or by which it rsay
<br /> bu 'bound or affecCe�; (iv) the Propes�y is fu�.ly connected to all utili.ty services
<br /> . ni:.;�e•esary for the us� �nd oporution of �.Y�e Property in adequate capacities tu oerve the
<br /> Pz��operty fnr iCS intended purpase, (v) a final unconditional certificate o£ +�c�upen�y (or
<br /> - equivalent) ha�s been isBUed and a�l other li.c�nses �nd permits necassaxy for� Che lawful us�
<br /> - and operation of Che Property have baen ubt+�inod �►nd will remain 3n full £orce aad effect;
<br /> e�r:d'(�ri) to tha best of Gzantor's knovladge after rnnaonnb�e inveetig�tion. L•re operation
<br /> of �'he Property is in matsriel aomplianco wtth all applicable laws, regulat�ons, rules and
<br /> ordinancas.
<br /> �===�� 3. AP�]rICATIOI� OF PAYT�]TS. Unloss appli.cabla law providee o���xu�ise, nll gaymants
<br /> rec�ived by Sene£iciaxy Erom Grantor undar tho Note or this InsCrumen� sliall be applied by
<br /> a�x�aficiary in tho £ollnwing order of priority: (i) intoresC payaDla on adv�ances mad�
<br /> _� par�uant �o paragruph 2� 4nereof, (ii) principal of advances mna3o pureuant to paragraph 20
<br /> hereaf, (ii�T3 Amounts payabl� eo Bonoficiary by Grantor uncLer pare.gr�ph 5 heraof, (iV)
<br /> a_�____� _ __i�� _ ..L� �t..�... /..t ..rt„nir�al nf thC] Nnte. c►nd �V�� L�L7Y Ott1C'+Y 9WA9 80CU'SeCd
<br /> � tll{.OLCO{. (/63'OYao vi� r��v ��v�.v� \�/ C�-"-��-- ' �
<br /> _----_- by thls InsCrumeret in auch ordar as SonoficiuYy, aC Boneficiery's opxion, moy detord3ne.
<br /> � 4. TAXES AND ItL''OSITIONS. Grantor agreos to pay, at least t�n �10) dnys prior �o
<br /> �°—�.. delinquency, ell real progerty taxes and assosamexita, general and 3pecial, gnd all other.
<br /> - tex�se and assessmer�r.� or uny kind ox naturo whutsoever, includin6 without lim:tation,
<br /> --� sorvico paymonCe in lieu of real proporty taxes� nongovornmental levi.�s or asaossmonte se�ah
<br /> --�� as maintenance cherges, uv;ner assoalaeLon dues or chorges or foes, levioe or charges
<br /> -��?� ro�ulting £rom covonanCs, conditions an3 r�:strictions a£fecting ehe Property, which are
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