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<br /> ~:~~ft ~;r~ 201006683
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<br /> Defenri! and Title to Property. At the time of execution and delivery of this instrument, Grantor is lawfully
<br /> seised -if the estate hereby conveyed and has the e)-`lusive right to mortgage, grant, convey and assign the
<br /> Properl,,;~. Grantor covenants that the' Property is uneifcumbered and free of all liens, except for encumbrances
<br /> of recd)".d acceptable to Lender. Further; Grantor covenants that Grantor will warrant and defend generally'
<br /> the titlr to the Property' against any land all'clainrl and demhnds whatsoever; subject: to the easements,.
<br /> restricti, ars, or other encumbrances of record acce'tatable to Lender, as may be listed in the schedule of
<br /> exceptions to coverage in any abstract of title or ,,itle insurance policy insuring Lender's interest in the
<br /> Propert
<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 r, pairs so that the value of the Property shall ri~pt in any way be impaired.
<br /> Remova., of any Part of the Property. Grantor promises not to remove any part of the Property from its
<br /> present 1 . cation, except. for replacement, maintenancE 'and relocation in the ordinary course of business.
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<br /> Alteratic hs to the Property. Grantor promises ii'l abstain from the commission of any waste = the
<br /> Property. Further, Grantor shall make no materia alterations, additions or improvements of any type
<br /> whatever to the Property, regardless of whether sucks alterations, additions or improvements would increase
<br /> the value of the Property, nor permit anyone to do so except for tenant improvements 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 au°horities 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:on1 Sale - Lender's;Consent. Grantor.shall not dell, 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, lion, transfer or 'sale or agreement for these is created,
<br /> Lender`znay declare il6m6d'iately'dde; ah8,payable the entire balance of the Indebtedness.
<br /> Insurance. Grantor promises to keep the Property in§ured against such risks and in such form as may within
<br /> the sole discretion of Lender be acceptable, causing Lender to be named as loss payee or if requested by
<br /> Lender, as mortgagee. The insurance company shall be chosen by Grantor subject to Lender's approval,
<br /> which shall not be unreasonably withheld. All insurance policies must provide that Lender will get a
<br /> minimum of 10 days notice prior to cancellation. At Tender'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 ea jh 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 /> lthe° possible 'violation of. applicable state, and federal ,environmental laws including the „location' of any
<br /> hazardous or toxic materials,on -or about,the 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 such financial and other'information concerning its
<br /> affairs and the status of any of its assets as Lender, from time to time, may 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 transfers over 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 /> ,.,,c,,,2oo4-2014 Cgmpliance Systems, Inc. F947-F344 - 2010.05.365 ,
<br /> ComtNercisl ke■I Estata$ecurit Instrument-DL4007. 1'e e.2of5 Wi+nJ~catfi liancwted~l;com
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