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� 20100945�
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<br />premiurns ar�d to the Iiidebtediiess. At Lender's 5ole discretiou, all leases, subleaGes aiid licenses rr�ust (irst bc
<br />approved by Lender.
<br />CONDEMNATION. Grantor 5hali give [,ender notice of any action laken or thre�tcned to bc. taken hy private or
<br />public entilies to appropriate the Yr�perty or any part ttiereof through cvtldemnation, eminent dotnain or atty otl�el'
<br />action. Furtlier, Leiider sliall be permitted to particip�te or intervene in any of the above de5cribed proceedings izi
<br />any �nara��er it shall at its sole discretion detennine. Lender is hez�eby given full power, riglit and authority to
<br />receive and receipt for �ny and �11 damages awarded as a result of tl�e full or pac�tial taking or appropriation ��nd in
<br />its sole disc► to apply tiaid awa��ds to tl�e Indebteduess, whether or nc�t then due or otherwise i�� �ccorda»ce
<br />with applicable law. Uz�less L,ender otherwise agrees in writi�ig any applicatirni nf proceedG to the Iri�lebtednesti
<br />shall iYOt extend c�r potitpone the due dlte of t}�e p�yr�zents due under the Indebtecluess c�r change the a►iiount of
<br />such payments.
<br />GRAN'1'()It'S ASSIJKANC'F..S. At aciy ti�tie, upoa� a request of� Lender, Cracitor will cxccute and deliver to
<br />Lender, and if appropriale, cause to be recorded, such fiirtk�er ��aortgages, assigx�nients, aGSigxatYaeiits of leases and
<br />rcnt5, 5ecurity agreements, pled�es, �nancing stateixaenCs, or such other docuulent as Lender may require, in
<br />Lender's sole discretion, ta ellecluate, complete a�7d fo perfect as well as to continue to p�°e�eirve the Indel�tadness,
<br />or the lieu or security interest cr�ated by this Security Instnimea�t.
<br />AT'I'Ol2NEY-IN-I�AC't'. Crantor �pp�ii�ts l.�ender �s aCtorney-in-lact ott behall� c�f Cranto'r. If C,rantcir fail5 to
<br />fiilfill any of Graular's oblig�tions under this Security instruTnent or ��iy klel�t.ed k)oc�.u�zeiits, including tliase
<br />obli�ations inentic�ned in the preceding paragraph, Lender as allorney-in-facl may 1'ultill the obli�ation5 without
<br />notice to Carantor. ' I'his }�ower of attoa�ey staall not be affected by the dis�jbility of the Gr�jntor.
<br />FVk,N'I'S Ol� llEFAUL'l'. 1'he following events shall canstitute default under this Security InStrument (each an
<br />"Event ol Defaull"):
<br />(a) Failure to make required payments wheu due under Indebtedness;
<br />(b) Pailure to perf'or►n or keep any of the covena»ts of tkiis Secux�ity (nstrument or � default under ai�y of
<br />the Related Documents;
<br />(c) '1'lze making of aTay oral or writt.en statertieiit or assertion to Lerider tli�t is false or misle�diiig in ar�y
<br />material respect by Grantor or any person obligated on thE Indebtedne�c;
<br />(d) 'flae deatk�, dissolukio��, insolvency, b�r�kniptcy or receiverGhip proceediaag of C�r��i.tor or of �iiy person
<br />or entity obligated on the indebtednetiti;
<br />(e) A��y assignnaer�t by Gr�ntor Iar the beiielit of GrariCor's creditc�rs;
<br />(f) A materia) adverse change occur5 in the finaa�cial cor�ditiox�, ownershi� or Tnan�ge�x�ez�t of Grar�tor or
<br />any pea-sot� obliglted on tkie Inclebted�aess; or
<br />(g) Lender deetns itselF insecure lor any reasan whatxocver.
<br />REM�;ll.IES ON ll�;FAIJL'.1'. Upo�i t}�e occurrence of �n �;vent of I)efault, l.ender may, without de�7�a��d or
<br />notice, pay any or all taxes, assessincnts, premiums, and liens required to be paid by Grantor, effect �nyin�urancc
<br />provided fc�r herein, tTiake tiiich repairs; cause the abstracta of title or title insur�tt�ce policy ai�d t�x hi�toric� of the
<br />Properly to Ue certilied to dale, or procure �aew abstracts of title or title in�t�rance �r�d tax histories in case none
<br />were furnished to it, and procure title reports covering the I'roperty, including �urvcys. Thc amo�ints paid fc�r any
<br />such purposes will be added to the IndebCedness and will bear interest at the rate of interest otherwi�e accniing on
<br />lhe Indebledness until paid. in t��e ever�t of foreclosure, the abstracts of title or title ins�irance shall becrnne the
<br />property of Lender. All abstracts of title, title i��surince, t�x ]�istories, surveyti, ��nd cither dycurnents }�ertaining to
<br />tlie Indebtedness will rernain in I,ender's �ossession until the Indehtedncss is �aici in f�all.
<br />1N '1'fiE EVEN'1� O�"1'HF.. SAI.,E OF THTS PR(�PLRTY iJNDrR TIIE PRUC'�llUIZ� �Okt 1a0ItF,Cf.,()SURF. Or
<br />A SECURITY INSTRUMENT BY ADVER'I AS I'K(:)VI17EU BY APPLIC'ABC.£ L,r�W, OR IN "1'HF.
<br />EVENT LENDER EXE[ZC1S�,S 1'I'S 1L1GH"I'S UNDF.R TH .F. AS�IGNMI;NT OF LEAS�,S ANll fZ}�,N'I�S, 'I�HF.
<br />1.END.ER SHAI,I, I'KOVIUG ALL STATUTORILY REQUIRED NO':C1C',F',S OF SALE ANll NOTICES OF
<br />7UDICIAL IIEARINGS BEFORE LENDEK k?XERCISF:S ANY OT' ITS RIGHTS UNU.E;� 'I�HIS
<br />INSTRUMENT.
<br />Upon tl�e occurrence of c�n �vent vf DefaulC, Lender T���y withnut notice w�less required by law, �nd at its option,
<br />declare the entire Indebtedness due �nd payable, as it may clect, regardless of tt�e date or dateti o(' maturity thereoF
<br />and, if permitted by state law, is authorized and empowered to c�use the Nroperty ta be solcl �t public auction, and
<br />to execute and delivcr to the purchaser or purchasers at tiuch 5��1e any deeds of conveyance good �nd s�ifticiez�t at
<br />law, pursuant to the stakute in such catie made and provided. The 'I'austee sh�ll apply Che proceeds of the 'I'rutitee's
<br />sale, �rst, to tk�e costs attd expenses ol' exercising fhe power of sale and of the sale, includin�; the payment c7f khe
<br />'1'nxstee's fees actually iticurre�l; secoi�d, to pay►nent of th� c�bligation secured by the trust dead; tl�ird, to tlic
<br />payment of junior trust deeds, mort�ages, or otlzer ]ier�holders and the balaiice, if �ny, to the person or persons
<br />legally entitled thereto. 'I'l�e recrtals in the Truetee's deed Gl�all be pritna Facie evide�ice of the trutl� of t}�e
<br />statements made in it. If Lender choo5es to invoke the power of`sale, Lezader or'I'rustce will provicie notice cif vale
<br />pursuant ta applicable law. Any sucli sale oz' �t s11e inade purGUant to a judgment or a dectee 1:or ll�e fnreclo�iire
<br />hereof may, at the option of Lender, be znade en mas5e. The comxnencement of proceeding5 to foreclose this
<br />Security Instrument in aziy znar�ner authorized by law sli�ll be deemcd as exerciGe of the ahove optioia.
<br />Upon the occurrerace c�f an EvenC of Default, Lender sliall immediately he entilled to �raake applicatiou foz �z�d
<br />obtaiti the appointmem of a receiver for the Property and of the earninge, incoxne, issue anc] profits of it, with the
<br />powers as the court r�iaking the appainlments conferti. Crantor tiereby irrevocably consezits to such appointrtie��t
<br />and waives notice c>l' any application therefor.
<br />(.9 2(Jp4-2UI0 C'ompliance Systcros, Int. f747-('I P(' - 20111.05.1G5 � .
<br />Cnmwercial Real Estatc Sccin�ity Inytrument - UL4007 Pagc 3 of 5 �v�vw.cn�nplinncasysiems.crnn
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