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<br />CONDEMNATION. Crantor ahall give Lender notice af any acticin taken or thrcatened to be takeri by private or
<br />public entilies to ap��ropriate tlae Property or any part thereof, throu�h conde►nnation, ernine�at do�Y�aiz� or aiiy other
<br />action, Further, .[,ender shall be permitted to participate or intervene in zny of tl�e aUove ciescribeci proceeciir►gs in
<br />az�y ►naimer it shall at its sole discreticm determine. I,ender is l�ereby given fi►11 power, right and authority to
<br />rec�ive and receipt for �tny and 111 daix�ages awardeci as a result of tlie fi�ll or partial taking or appropriatio�� lrid in
<br />its sole discretion, lo apply said awards to the Indebtedness, whetlier or not then due or otherwise ii1 accardance
<br />with applicable law. Un(ess I..,ez�der otl�erwise agrees in writing, any application of prc�ceed5 to the IndebtedneGs
<br />shall iiot extend or postpone thc due date of� the payz��ents due under the lndebtedness or change the atnounC of
<br />tiuch paymentG.
<br />GRANTOR'S ASSURANCES. At any time, upon a request of Lender, Grantor will execute and deliver to
<br />Leitder, and if appropriate, cause to be recoz�ded, such fi►rCher mortgages, assigrunents, assigninents of leases ��nd
<br />rent�, Gecurity agreernent�, pledges, finaiicing stalemenls, or such othcr document as Lendcr may require, in
<br />Lender's sole discretion, to el�:ectuc�te, co►nplete and to perfect as well as to cozitizaue to preserve the lndebtediiess,
<br />or Uic licn or security interest created by t}�is Securiky InsCrumeiil.
<br />A'T'1'OItNEYwIN-FAC'I'. Grantor appoints I_,e�ider as attorney-in-1'act on beh�lf of Grantor. If Grantor.fails tn
<br />fulfill any of Grantc�r'� obligations w�der this Security lr�strument or any Kelated llocuments, includiiig those
<br />obligations mentioned in the �receding parag�•aph, [,ender as aCtorney-in-facl mzy fuliill the oUligations without
<br />notice lo Grantor. This power of attorney shall not be affected by the disability of the Grantor.
<br />F,VEN1'S OF llk;�AUI.'1'. "1'he following event5 shall constituCe default under ttiis Security Instrunient (each an
<br />"Eveiit of Defaull"):
<br />(a) Failure to make required payments when due under IndebCedness;
<br />(b) Failure to perforrn or keep any of the covenattta ot'this Security instrument or a dei��ult under any of
<br />the Related I)ocumer�ts;
<br />(c) The making aF any oral or written statement or atisertion to Lender that is false or misleading in any
<br />Tnaterial respect by Gcantor or any persozi obligatecl on the Itidebtediiess;
<br />(d) The death, dissolution, insolvency, baukruptcy or receivership procceding of Grantor or of any person
<br />or entity obli�ated on tt�e Ixidebtedzaess;
<br />(e) Any assigiunent by Gra��tor far the beneiit of Grantor's crcditors;
<br />(f� A material adverse chauge occurs in the �nancial condition, ownership or management of Cirantor or
<br />any person ohligated on the Indebtcdness; or
<br />(g) l,eiader deerns itself insecure for any re�son wt�atsoever.
<br />REMEDI�S ON DEC'AUL,T. Upon the occurrezice of an Event of Default, L,eiider may, willlouC demaud or
<br />notice, pay any or all taxes, atitietismentti, premiums, and liens rec�uired to be paid by Grantor, el�:ecC any insurane�
<br />provided for herein, make sucli repairs, cause the abstracCs of title or title insur�►nce policy ar�d tax histories of tl�e
<br />Prope;rty to be ccrtified to date, or prc>cure new aUstracts of title or title iusuraiice atid tax liistories in case none
<br />were funaisl�ed to it, and procut•e title reports covering the Property, includin� survcys. `I'lic a�nounfs paid for f111y
<br />such purposes will bc �dded to tl�e IndeUtedness and will bear interest at tl�e rate of ia�terest otherwise accauing on.
<br />tt�e lndebtedness u�itil paid. In the event of foreclotiure, the abatracts of title or title insurance sliall became the
<br />property of Lend�r. All abstracts of title, title insurance, tax histories, surveys, a��d otkxer docu►i�ents pertaining tp
<br />the Indebtedness will remain in Lcndcr'ti possessiou until the Indebtedness is paid in fitll.
<br />1N THF GVENT OF THE SALE OF TIIIS PROPERTY UNDER THE PROLF:llUItE FOR FOR�CLOSURE OP
<br />A SI;CURITY INSTRUMENT BY ADV�RT'ISEMEN"I', AS PROVIDED F3Y APPLICABLE LAW, OR IN Tf
<br />EVENT I..,F,NDFR F.XERC:IS�S I'I'S KIGHTS UNDER THG ASSIGNMENT C)F I,F.ASF.',S ANU k�N'1'S, "l'H�
<br />I�ENDER SHAi.I, PR(7VIDE ALL $TATUTOKILY R�,QUIRED N�TiCT:S OF SALE �1ND NO'TIC'�,S ON
<br />7UU[CfAL HEARINGS BEFORE LENDER FXFRCIS.ES ANY OP ITS RIGHTS UNDF.R '1'HIS
<br />INSTRUMENT.
<br />Upon the occurrence of an I:venc oP Detault, Ler�der znay, wittxout notice unless required by law, az�d at its option,
<br />declare the entire Indebtediiess due and p�yable, as it may elect regardless of the date or dates c�f maturity thereof
<br />and, if perr��itted by state law, iti �uthorized and enapowered to cause the Prc�perty to be sold at public auction, and
<br />to execute ana deliver to the purchaser or purchasers al such sale any deeds of conveyance good and sufticient at
<br />law, pursuant to the statute in such case anade and providecl. The Trustee sf�all apply thc proceeds of the '1'rustee's
<br />5ale, [irst, to the costs a��d expenses of exercising lhe power of sale and of thc sale, includitag tl�e payment nf thc
<br />Trustee's fees actually incun second, to payment of .the obligation secured by the trust deed; third, to the
<br />pay»ient of junior trust deeds, rnortgages, or ather lienholders and the balance, if aiiy, to tlie persc�n or persons
<br />legally entitled thereto. 'I'he recitals in tlie Tnistee's deed shall be prima facie evidence of' the t� of tl�e
<br />statementa rnade in it. lf Leiader chooses to invoke the power of sale, Lender or Tnistee will providc notice of sale
<br />pursuanC to applicable law. Any such sale or a sale made pursuant to a judgznent or a dccree for tl�e foreclosure
<br />hereof znay, at the optioii of Leaider, be �nade en ttiasse. Tlie cornmencement of proceedings to fi�reclose Cliis
<br />Security Instru�x�ent in any maiiner aut.horized by law shall be deemed as exercise of the �bove option.
<br />Upon the c�ccurrence of an Event of Delault, L,ender shall immediately Ue entitled to make applic�►tion for and
<br />obtain Che appoinhnent ol' a receiver f�r fhe Property and of tlie earningti, incotne, issue and proiits aP it, witl� the
<br />powers as thc court inaking the appainlineiats confers. GranLor hereby irrevocably consents to siich appc>iittinent
<br />and waives ziotice of any application therefi�r.
<br />NO WAIVFR. No delay ar lailure of Lender to exercise any right, ren�edy, power or privilege herewider shall
<br />affect that right, remedy, power or privilege nor slaall any 5ingle or partial ex�rcise tliereof precludc the exercise of
<br />any right, remedy, power or privilege. No Leuder delay oz failure to demaz�d strict adherence to the tcrms ol this
<br />�:'� 2004-2010 ('pmpliance Systems, Im�.� P947-71 I I' - 2(1�0.05. �65 � .
<br />Commerc.ifll Rt�l Fstate Sccurity Instnnne:nt - DIA007 Page i af 5 . , � , www.complinncesys�emc.com
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