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<br />to protect Lender's interest, in the Properiy, including but not limited. to the payment of taxes and insurance -
<br />pr.emiums<and to the Indebtedness. At Lender's,sole.discretion, all leases, subleases and licenses must.first be
<br />aPProyed,,tzy Lender. .
<br />CONDEMNATION. Grantor shall give Lender notice of any action taken or threatened to be taken by private or
<br />public entities to appropriate the Property or any, thereof, through condemnation, eminent domain or any other
<br />action. Further, Lender,shal� �e,permitted.to participate,pr int�r'�ene iu.any of;the,above described proceedings in
<br />auy manner it shall at .its so�e. discretion, determine. Lender is hereby given 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 sole discretion, to apply said awards to the Indebtedness, whether or not then due or otherwise in accordance
<br />with applicable law. Unless Lender otherwise agees in writing, any application of proceeds 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 morrgages, wssi�:unents, ass:gnments of !eases and
<br />rents, security ageements, pledges, fmancing statements; or such other document as Lender may require, in
<br />Lender's so?e d�scretion, to effectuate, com�lete and to p�fect as well as to continue to preserve the Indebtedness;
<br />or the lien or security interest created by this Security Instrument.
<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 attorney-in-fact may fulfill the obligations without
<br />notice to Grantor. This power of attorney shall not be affected by the disability of the Grantor.
<br />EVENTS OF DEFAULT. The following events shall constitute default under this Security Instrwnent (each an
<br />"Event of Default"):
<br />(a) ; Failure to-ma�e rEquired payments when due.underindebtedness;
<br />(b)< .Failure to. perform or keep any of the covenants of.-this Security Instrument ar 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 misleading in any
<br />material respect by Grantor or any person obligated on the Indebtedness;
<br />(d) The death, dissolution,insolvency bankruptcy or receivership proceeding of Grantor or of any person
<br />or entity obligated on the Indebtedness;
<br />(e) Any assignment by Grantor for the benefit of Grantor's creditors;
<br />( fl A material adverse change occurs in the financial condition, ownership or management of Grantor or
<br />any person obligated on the Indebtedness; or
<br />(g) Lender deems itself insecure for any reason whatsoever.
<br />REMEDIES ON DEFAULT. Upon the occurrence of an Event of Default, Lender may, without demand or
<br />notice, pay anv 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 ritle or title insurance policy and tax histories of the
<br />Property to be certified to date, or procure new abstracts of title or title insurance and tax histories in case none
<br />were furnished to it, and procure title reports covering the Property, including surveys. The amounts paid for any
<br />such purposes will be added to the Indebtedness and will bear interest at the rate of interest otherwise accruing on
<br />the Indebtedness until paid. In the event of foreclosure, the abstracts of title or title insurance shall become the
<br />properiy of Lender. All abstracts of title, title insurance, tax histories, surveys, and other documents pertaining to
<br />the Indebtedness will remain in Lender's'possession until the Indebtedness is paid in fu1L -
<br />IN THE �VENT OF THE SALE OF THIS PROPERTY UNDER THE PROCEDURE FOR`FORECLOSURE OF
<br />A SECURITY TNSTRUNIENT BY ADVERTISEMENT, AS PROVIDED BY APPLICABLE Y,AW, bR IN THE
<br />EVENT LENDER EXERCISES ITS RIGHTS UNDER THE ASSIGNMENT OF LEASES AND RENTS, THE
<br />LENDER SH.ALL PROVIDE ALL STATUTORILY REQUIRED NOTICES OF SALE AND NOTI,CES OF
<br />JI7DICIAL - HEARINGS - BEFORE LENDER EXERGISES ANY OF : ITS RIGHTS UNDER THIS
<br />INSTRUIVIENT. , . _
<br />Upon the occurrence of an Event of Default, Lender may, without notice unless required by law, and at its option,
<br />declare the entire Indebtedness due and payable, as it may 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 i� such case made and provided. The Trustee shall apply the proceeds of the Trustee's
<br />sale, first, to the costs and exnenses of exercisin� the power �f sale and of the sale, including the payment of the
<br />Trustee's fees actually incurred; second, to payment of the obligation secured by the trust deed; third, to the
<br />payment oi janiar t;-ust deeds, mortgages, or othe�• ;ieiil��?ders and thc balanc�, if any, ,to the person o: �srsor.s
<br />legally entitled thereto. The recitals in the Trustee's `deed shall be prima facie evidence of the truth of the
<br />statements made in it. If Lender chooses to invoke the power of sale, Lender or Trustee will provide notice of sale
<br />pursuant to applicable law. Any such sale or a sale made pursuant to a judgment or a decree for the foreclosure
<br />hereof may, at the option of Lender, be made en masse. The commencement of proceedings to foreclose this
<br />Security Instrument in any manner authorized by law shall be deemed as exercise of the above option.
<br />Upon the occurrence of an Event of Default, Lender shall immediately be entitled to make application for and
<br />,obtain the appointment of a receiver for the Property and of the earnings, income, issue and profits of it, with the
<br />O 2004-2010 Compliance Systema, Ine, F947-400F - 2010.05365 � �
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