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201007$62 X7ocuments together with any other instrUment given to evidence or further secure the payment and perforimance of any obligation secured hereby or thereby; and (c) Payment af all costs, �xpenses, legal fe�s and liabilities incwnred by the Authority in cannection with the enforcement of any af the Authority's ri.ghts or remedies under this Recapture Deed of Trust or the other 1602 Documents. It is the intentioa of the parties hereto that the Properiy shall secure all of the Obli�;ations presently or hereafter awed, and that t}�e priority o�the security interest created by this Recapture Deed of Trust far all such Obligations shall be contralled by the ti7ne of proper recording of this Recapture Deed af Trust. This paragraph shall serve as notice to all persons who may seek or obtain a lien on the Properiy subsequent to the date af xecardi.ng of'this Recaptwre Deed of Trust, that until this Reca�ture Deed of Trust is released or reconveyed, any debt owed to the Authority �y Grantnr in connection with the 1602 Documents, including advances �made subsequent ta the recardang of this Recapture Deed of Trust, shall be secured with tlxe priority afforded this Recapture Deed of Trust as recorded. The Grantor covenants with tkt� Autharity as follows: 1. Grantor will pay the Obligations at the times and in the manner provided therein. 2. Gratitor will not permit or suffer the use of any of the Premises for any purpose other than the use for which the same was intended at the time this Recapture Deed of Trust was executed. 3. The 1602 Agreement, executed by the Grantor and the Aut.�.ority, which has been recorded, is incorporated in. and made a part of this Recapture Deed of Trust, and an Event of Def�ttlt pursuant to the terms of the 1,602 Agreement beyond ail applicable notice and cure p�riods shall constitute an Event of Default under the texaaaas a.nd pravisicans of this Recapture Deed of Trust and the Authority may, at its option, declare the whole indebtedn�ss eaxned to be due and payable. 4. The assigYVment o� Rents, which is set forth in this Section 4, shall be subject to the rights af Horizon Bank (the "Senior Lender'� with respect to such Rents under the loan documents evidencing or securing the loan made by Senior L,ender. Legal title ta all R�nts cavered by this Recapture Deed of T�rust are hereby absolutely assigned ta the Autharity for the purpose of discharging th� payment and performance af the Obligations hercby s�curcd. Permission is hereby given to Grantor for so long as na Event of Default exists hereut�der, to collect such Rents for use in accordance with the provisions of tJie 16U2 Ag�reement; but if there be an Event of Defiult hereunder, such permissian to collect Rents shall revert to the Authority. After any Event of Default, the Authaxity may at any time without notice, either in person, by agent, or by receiver to be appointed by the caurt, and without regard ta the adequacy of any security for the pbligatians, enter upon and take possession of the Properiy, or any part thereo� make, cancel; enforce ar modify leases; obtain and eject tenants in accordance with all applicable laws, set or modify rents; in its awn name sue or otherwise collect the rents, income, issues and profits thereo� including those past due and unpaid; and apply the sazne, �55 CO5�5 aII(� �X�EIISBS Recapture Deed af Trust and 5ecurlty AQreement 484U�755�9942.2