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<br />Property. Grantor covenants that the Property is unencumbered and free of all liens, except for encumbrances
<br />of record acceptable to Lender. Further, Grantor covenants that Grantor will warrant and defend generally
<br />the ciCle to the Praperty against any and all clairns and dem�ands whatsoever, subject to the easements,
<br />restrictions, or other encumbrances of record acceptable to L.ender, as rnay be listed in the schedule af
<br />exceptions to coverage in any abstract of title or title insurance policy insuring Lender's interest in the
<br />Property.
<br />Condition af Property. Grantor promises at all tirnes to preserve and to rnaintain 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 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 rernove any part of the Praperty from its
<br />present location, except for replacement, rnaintenance and relocatian in the nrdinary course of business.
<br />Alterations to the Property. Grantor prornises to abstain from the commission of any waste on the
<br />Property. Further, Grantar shall make no material alterations, additions or improvernents of any type
<br />whatever to the Property, regardless of whether such alterations, additiDns or improvements would increase
<br />the value of the Property, nor perrnic anyone to do so except for tenant improvements and completion of
<br />items pursuant to approved plans and specifications, without I.ender'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 authorities having jurisdiction over the premises relating to the use, occupancy and rnaintenance
<br />thereof and shall upon request prornptly submit to Lender evidence of such compliance.
<br />Due on Sale - Lender's Consent. Grantor shall not sell, 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 thc
<br />written consent of Lender. If any encurnbrance, lien, transfer or sale or agreement for these is created,
<br />Lender may declare irnmediately due and payable, the entire balance of the Indebtedness.
<br />Insurance. Grantor promises to keep the Property insured against such risks and in such forrn as may within
<br />the sole discretion of L.�nder 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 co L.�nder's approval,
<br />which shall not be unreasonably withheld. All insurance policies rnust provide that Lender will get a
<br />minimum of 10 days notice prior to cancellativn. At I..ender's discretion, Grantor may be required to produce
<br />receipts of paid premiums and renewal policies. If Grantor fails to obtain the required caverage, I.cnder may
<br />do so at Grantor's expense. Grantor hereby directs each and every insurer of the Property to make payment of
<br />loss to Lender with the proc�eds ta be applied, only at Lender's option, to the repair and replacement of the
<br />damage or lc�ss or to be applied tc7 the Indebtedness with the surplus, if any, to be paid by Lender to Grantor.
<br />Payment of Taxes and Other Applieable Charges. Grantor promises ia pay and to discharge liens,
<br />encumbrances, taxes, assessments, lease payments and any other charges relating ta the Property when levied
<br />or assessed against Grantor or the Property.
<br />Environmental Laws and Hazardous or Toxic Materials. Grantor and every tenanC have been, are
<br />presently and shall continue to be in strict compliance with any applicable local, state and federal
<br />environrnental laws and regulations. Further, neither Grantor nor any tenant shall manufacture, store, handle,
<br />discharge or dispose of hazardous or toxic materials as rnay be defined by any statc or federal law on the
<br />Property, except to the excent the existence of such materials has been presently disclosed in writing to
<br />Lender. Grantor will immediately notify Lender in writing of any ass�rtion or claim made by any party as to
<br />the possible violation of applicable state and federal environmental laws including the location of any
<br />hazardous �r toxic materials on or about the Property. Grantor indernnifies and holds Lender harmless frorn
<br />any liability or expense of whatsoever nature incurred directly or indirectly as a result of Grantor's violation
<br />of applicahle 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 I.ender such Financial and other information concerning its
<br />affairs and the status c�f any of its assets as L.ender, frorn time to tirne, may reasonably request. Grantor
<br />further agrees to permit Lender to verify accounts as well as to rnspect, copy and tn exaza�ine the books,
<br />recc�rds and frles 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 Instrurnent. If the Property, or any part thereof, shall require inspection, repair or rnaintenance
<br />which Grantor has failed to provide, Lender, after reasonable notice, rnay 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 />perforrnance af the covenants cc7ntained 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 Praperty. Sh cong as Grantor is
<br />nol in default, Garantor may receive, collect and enjoy all Rents accruing from the Property, but no�t more than one
<br />month i❑ advance of the due date. Lender may also require Grantor, tenant and any other user of the Property to
<br />make payrnents of Rents directly to L,ander. Hpwever, by receiving any such payments, L,ender is nat, and shall not
<br />be considered, an agent for any party or entity. Any arnounts collected may, at I.ender's sole discretion, be applied
<br />to protect I.ender's interest in the Property, including but not limited to the payment of taxes and insurance
<br />C�12004-201U CnmplianCn Syslems, inc. I')47-6C0.5 - 20�IO.U5,36$
<br />Commcrcixl Rcal Estate Sewrity Instmment - I)LA007 Pege 2 uf 5 www.uumplinnoesyslems.00m
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