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<br />201�0004s
<br />income and profits ("Rents") under any present or future leases, subleases or licenses of the Praperty, includin�
<br />any guaranties, extensions, amendments or renewals thereof, from the use of the Aroperty. So long as Grantor is
<br />not in default, Grantor may receive, collect and enjoy all Rents accruing from the Properiy, but not more than one
<br />month in advance of the due date. Lender may also require Grantor, tenant attd any other user of the Property to
<br />make payments of Kents directly to [�ender. However, by r�ceiving any such payments, Lender is not, and shall not
<br />be considered, an agent for any party or entity. Any amounts collected may, at Lender's sole discretian, be applied
<br />to protect Lender's interest in the Property, including but not limited to the payment of taxes and insuranca
<br />premiurns and to the Indebtedness. At Lender's sole discretion, all leases, subleases and licensas must fu be
<br />approved by Lender.
<br />CONDEMNATION. Grantor shall give Lender notice of any acCion taken or thraatened to be taken by private or
<br />public entities to appropriate the Property or any part thereof, through condemnation, eminent domain or any other
<br />action. Further, Lender shall be permitted to partrcipate or intervene in any of the above d�scribed proceedings in
<br />any manner it shall at its sole discretion determina. Lender is hereby givan full power, right and authority to
<br />receive and receipt for any and all damages awarded as a result oF the full or partial taking or appropriation and in
<br />its salc discretion, to apply said awards to the Indebtedness, whether or not then due or otherwise in aceordance
<br />with applicable law. Unless Lender otherwise agrees in writing, any application of proc�eds to the Indebtedness
<br />shall not extend or postpone the due date of the payments due under the Indebtedness or change the amount of
<br />such payments.
<br />GRANTOR'S ASSURANCES. At any time, upon a request of Lender, Grantor will execute and deliver to
<br />Lender, and if appropriate, cause to be recorded, such further mortgages, assignments, assigmnents of leases and
<br />rents, security agreements, pledges, financing statements, ar such other document as Lender may require, in
<br />Lender's sole discretion, to effectuate, complete and to perfect as well as to continue to preserve th� Indebtedness,
<br />or the lien ar security interest created by this Security Instrumenc.
<br />ATTORNEY-iN-FACT. Grantor appoints Lender as attorney-in-fact on behalf of Grantor. If Grantor fails to
<br />fulfill any of Grantor's obligations under this Security Instrument or any Related Documents, including those
<br />obligations mentioned in the preceding paragraph, Lender as attarney-in-fact may fulfill the obligations without
<br />notice to Grantor. This power of attorney shall not be affected 6y the disability of the Grantor.
<br />EVENTS OF DEFAULT. The following events shall constitute default under this Security Instrument (each an
<br />"Event of Default"):
<br />(a) Failure to make required payments when due under lndebtedness;
<br />(b) Failure to perform or keep any af the covenants oFthis Security Instrument or a default under any of
<br />the Related Documents;
<br />(c) The making of any oral or written statement or assertion to Lender that is false or misleadin� in any
<br />material respect by Grantor or any person obligat�d on the Indebtedness;
<br />(d) The death, dissalution, insolvency, bankruptcy ar recaivership proceeding af Grantor or of any person
<br />or entity obligated on the lndebtedness;
<br />(e) Any assignment by Grantor for the benefit of Grantor's creditors;
<br />(fl A material adverse change occurs in the �nancial condition, ownership or management of Grantor or
<br />any person obligated on the Indebtedness; or
<br />(g) C,ender deems itself insecure for any reasan whatsoever.
<br />REMEDIES ON DEFAUI.T. Upon the occurrence of an Event of Default, Lender may, without demand or
<br />natice, pay any or all taxes, assessments, premiums, and liens required to be paid by Grantor, effect any insurance
<br />provided for herein, make such repairs, cause the abstracts of title or title insurance policy and tax histories of the
<br />Property to be certified ta date, ar procure new abstracts of tiCle or title insurance and tax histaries in case non�
<br />were furnished to it, and procure title reports covering the Property, includin� surveys. The amounts paid for any
<br />such purposes will be added ta tha Indebtedness and will bear interest at the rate af interest otherwise accruing an
<br />the Indebtedness until paid. ln the event of foreclosure, the abstracts of title or title insurance shall become the
<br />property af Lender. All abstracts of title, title insurance, Cax histories, surveys, and other dacuments pertaining to
<br />the Indebtedness will remain in Lender's possession until the Indebtedness is paid in full.
<br />IN THE EV�NT OF THE SALE OF THIS PROPERTY UNDER TH� PROCEDURE FOR FORECI,OSURE OF
<br />A SECURITY INSTRUMENT BY ADVERTISEMENT, AS PROVIDED BY APPLICABLE LAW, OR IN THE
<br />FVF;NT LF,NT)�R EXERCiSES TTS RiGHTS UNDER '1'HE ASSIGNMENT OF LEASES AND R�NTS, TNF
<br />LENDER SI-�ALL PROVIDE ALL STATUTORILY REQUIRED NOTICES OF SALE AND NOTICES OF
<br />JUDICIAI� H�ARINGS B�FORE I.END�R �XERCIS�S ANY OF ITS RIGHTS UND�R THIS
<br />INSTKUMENT.
<br />Upon the occurrence of an Fvent of Default, Lender may, without notice unless required by law, and at its option,
<br />declare the entire Indebtedness due and payable, as it lnay elect, regardless of the date or dates of maturity thereof
<br />and, if permitted by state law, is authorized and empowered to cause the Property to be sold at public auction, and
<br />to execute and deliver to the purchaser or purchasers at such sale any deeds of conveyance good and sufficient at
<br />law, pursuant to the statute in such case made and provided. The Trustee shall apply the proceeds of the Trustee's
<br />sale, first, to the costs and expenses of exercising the power of sale and of the sale, including the payment c�f the
<br />Trustee's fees actually incurred; second, to payment of the obligation secured by the trust deed; third, to the
<br />payment of junior trust deeds, mortgages, or other lienholders and the balance, if any, to the person or persons
<br />]egally entitled thereto. The recitals in the TrusCee's deed shall be prima facie evidence of the Cruth of the
<br />p ZOOA-2010 Compliancu Systoms, inc:. F947-6G6F - 2010.05365
<br />Initials
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