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<br />exceptions to coverage in any abstract of title or title insurance policy insuring Lender's interest in the
<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 frorn 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 frorn the commission of any waste on the
<br />Property. Further, Grantor shall rnake no material alterations, additions or improvernents of any type
<br />�hatever to the Property, regardless of whether such alterations, additions or improvements would increase
<br />the value of the Property, nor permit anyane to do so except for t�nant improvements and completion of
<br />items pursuant to approved plans and specifications, without Lender's prior written consent, which consent
<br />may be witliheld by Lender in its sole discretion. Grantor will comply with all laws and regulations d£ all
<br />public authorities having jurisdiction over the premises relating ta the use, occupancy and maintenance
<br />,.. . thereof and shall upon rec�uest pramptly sul�mit to Lender evidence of such coanpliance; -
<br />Due on Sale - Lender's Consent. Grantor shall nat sell, further encumber or atherwise dispose of, except as
<br />herein provided, any or ali oF its interest in any part of or a11 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 acceptable, causing L.ender 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 palicies must provide that Lender will get a
<br />minimum of 10 days natice 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. Grantar hereby directs each and every insurer of the Property to make payment of
<br />lass. Co 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 ta the Indebtedness with the surplus, if any, to be paid by Lender to Grantor.
<br />Payment of Taxes and Other Applicable Charges. Grantor promises ta pay and to discharge liens,
<br />encurnUrances, taxes, assessments, lease payrnents and any other charges relating to the Property when levied
<br />or assessed against Grantor or the Prnperty.
<br />Environmental Laws and Hazardous or Toxic Materials. Grantor and every tenant have been, are
<br />pre5ently and shall continue to be in strict compliance with any applicable local, state and federal
<br />environznental laws and regulations. �^urther, neither Grantor nor any tenant shall manufacture, store, handle,
<br />discharge or dispose of hazardnus or toxic materials as may be defined by any scate 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 C.ender in writing of any assertion or claim made by any parly as to
<br />fhe possible violation of applicable state and federal environrnental laws including the location of any
<br />hazardous or toxic materials on or abnut Che Property. GranCor indemnities 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 />Finaneial 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 �les of Grantor.
<br />I.ender's Right to Enter. C_ender or Lender's agents shall have the right and access to inspect the Praperty 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 L�ASES 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 />incorne and profits ("Rents") under any present or future leases, subleases or licenses of the Property, including
<br />___ ... any guaranties, extensi�ns.�.�ndments or repe�s.thereof, fi the u� of the Pronertk�Q lon�as_Grantor is
<br />nat in default, Grantor may receive, collect and enjoy all Rents aceruing from the Property, but not more than one
<br />month 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. I3owever, by receiving any such payments, Lender is nnt, and shall not
<br />be considercd, 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 lirnited to the payment of taxes and insurance
<br />pre►niurns and to the Indebtedness. At Lender's sole discretion, all leases, subleases and licenses rnust tirst be
<br />approved by Lender.
<br />¢� 2004-2010 Compliance Systcros, Inc. F947-62E1 - 2D10.05.365
<br />Commercial Real Estatc Sccurity Instrumenl. - PI AUf17 Pnge 2 of 5 www.aomplianccsystert�s.com
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