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2p11035
<br />CROSS COLLATERALIZATION. It is the expressed intent of Grantor to cross collateralize all of its
<br />Indebtedness and obligations to Lender, howsoever arising and whensoever incurred.
<br />• , p ' P :� ' ' ors, 'and assigns, repres�nts,
<br />W;�RRANTIES:" Grantor, for 'itself, its heirs ersonal re resentahves, §uccess
<br />warrants, covenants and`agre'es with Lender; its successors and assigns,'as follows: `
<br />Performance of Obligations. Grantor ptomises ,to perform all terms, .conditions, and eovenants of this
<br />Security Instrument and Related Documents in accordance with the terms contained therein.
<br />Defense and Title to Property. At the time of execution and delivery of this instrument, Grantor is lawfully
<br />seised of the estate hereby conveyed and has the exclusive right to mortgage, grant, convey and assign the
<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 title to the Property against any and all claims and demands whatsoever, subject to the easements,
<br />restrictions, or other encunnbrances of record acceptable to Lender, as may be listed 'm the schedule of
<br />�;cceptican� ta co`�Pr�;P in aa�y �bs�act of 4itle or titl� i�si:�auce ps�li�y i�sisir.b L�+s�e:'� in}�r�st in �th�
<br />Property. _ _
<br />Condition of Property. Grantor promises at all times to preserve and to maintain the Properly 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 remove any part of the Properiy from its
<br />present location, except for replacement, maintenance and relocation in the ordinary course of business.
<br />Alterations to the Property. Grantor promises to abstain from the commission of any waste on the
<br />,- Rroperty. Further, Grantor shall make no material alterations; �dditions ar improvements of any type
<br />-. whatever to-the Property; regazdless of whether such alterations; additions ar improvements would,increase
<br />the value of- the -Property, nor permit ariyone to do so except for tenanti improvements and completion of
<br />items pursuant to approved plans and specificarions, without Lender's prior written consent, wluch consent
<br />may be withheld by Lender in its sole discretion. Grantor will comply with all laws and regularions of all
<br />public authorities having jurisdiction over the premises relating to the use, occupancy and maintenance
<br />thereof and shall upon request promptly 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 obtaini�g the
<br />written consent of Lender. If any encumbrance, lien, transfer or sale or agreement for these is created,
<br />Lender may declare immediately due and payable, the entire balance of the Indebtedness.
<br />Insurance. Grantor promises to kee,p the Property insured_againsl Such risks and in such ��rnn �s may within
<br />the sole discretion of Lender be acceptable, causing Lender to be named as loss payee or if requested by
<br />Lender, as mortgagee. The insurance company shall be chosen by Grantor subject to Lender's approval,
<br />which shall not be unreasonably withheld. All insurance policies must provide that Lender will get a
<br />minimutn of 10 days notice prior to cancellation. At Lender's discretion, Grantor may be required to produce
<br />receipts of paid premiums and renewal policies. If Grantor fails to obtain the required covera,ge, Lender 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 proceeds to be applied, only at Lender's option, to the repair and replacement of the
<br />damage or loss or to be applied to the Indebtedness with the surplus, if any, to be paid by Lender to Grantor.
<br />Payment of Taxes and Other Applicable Charges. Grantor promises to pay and to discharge liens,
<br />encumbrances, taxes, assessments, lease payinents and any other chazges relaCing to"tlie Property when levied
<br />or. assessed against Grantor or the Property. . , �
<br />' Environmental Laws and Hazardous or To�c Materials. Grantor 'and every tenant have' been, are
<br />presently 'and shall continue to be in strict compliance with any applicable local, state and federal
<br />environmental laws and regulations. Further, neither Grantor nor any tenant shall manufacture, store, handle,
<br />discharge or dispose of hazardous or toxic materials as may be defined by any state or federal law on the
<br />Property, except to the extent the e�cistence of such materials has been presently disclosed in writing to
<br />Lender. Grantor will immediately notify Lender in writing of any assertion or claim made by any pariy as to
<br />the possible violation of applicable state and federal environmental laws including the location of any
<br />hazardous or toxic materials on or about the Property. Grantor indemnifies and holds Lender ha,rmless from
<br />any liability or expense of whatsoever nature incurred directly or indirectly as a result of Grantor's. violarion
<br />of applicabie local; state and federal environmental Iaws and regulations or G�antor's=, utvolvement witli
<br />hazardous or toxic materials.
<br />Financial Information. Grantor agrees to supply Lender such financial and other information concerning its
<br />affavs and the status of any of its assets as Lender, from time to time, may reasonably request. Grantor
<br />further agrees to permit Lender to verify accounts as well as to inspect, copy and to examine the books,
<br />records and files 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 wrth the, terms, of this
<br />, Security Instraanent. If the Property, or any, part thereof,. shall require inspection, repair or maintenance
<br />which Grantor has failed to provide, Le9sker, after reasonable notice, may ent�r upon the Pro�erty, effect
<br />���: (9 Z004-2010 Complimce Systams, Inc. F947-C14A .2010.05.365 O �^^' ^� a � '
<br />www. wmuLanc�vstams. com
<br />Initials 'L� � � � ?� _ . . . . . _ .
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