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<br />month in advance of the due date. Lender may aLso require Grantor, tenant and any other user of the Properiy to
<br />make payments of Rents directly to Lender. However, by receiving any such payments, Lender, is not, and sl�all not
<br />be considered, an agent for any party or entity. Any amounts collected may, at Lender's �sole discrefion, be applied
<br />to protect Lender's interest in the Properiy, including but not limited to the payment of taxes and. insurance
<br />premiums and to the Indebtedness. At Lender's sole discretion, all leases, subleases and licenses must first be
<br />approved by Lender. . ,
<br />CONDEMNATION. Grantor shall give Lender notice of any action taken or threatened to be talcen by private or
<br />puUlic enrities to appropriate the Property or any part thereof, through condemnarion, eminent domain or any other
<br />action. Further, Lender shall be permitted to participate or intervene in any of the above described proceedings in
<br />any manner it shall at its sole 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 accorda.nce
<br />with applicable law. Unless Lender otherwise agrees in writing, any application of proceeds to the Indebtedness
<br />shall not e�ctend or postpone the due da.te of the payments due under the Indebtedness or change the amount of
<br />such payments.,
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<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 fiuther mortgages, assignments, assignments of leases and
<br />rents, security agreements, pledges, financing statements, or 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 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 />obiigations menfioned in the preceding paragraph, Lender as attomey-in-fact may fulfill the obligations without
<br />norice �o Grantor: This power of attoTney shall not be 'affected by ttie dis�bility of the Grantor:
<br />EVENTS OF DEF�ULT. The, folloyving events shall; constitute default under this Security,.Instrument, (each an
<br />"Event of Default"): �
<br />(a) Failure to make required payments when due under Indebtedness;
<br />(b) Failure to perform or keep any of the covenants of this 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 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 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 to date, or procure new abstracts of ritle �or title insurance and taac histories in case none
<br />wer� 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 Intiebteclness' until paid: In tfle,event of foreclosure, the abstracts of title or'titl� insurance §hall'become the
<br />propei�ty of Lender. All `abstracts of title, titIe insurance, tax histories, surveys, and otfier documents pertaining to
<br />'the Indebtedness will remain' in I;ender's possession until the' Indebtedness is paid in full. '
<br />IN TI� EVENT OF THE SALE OF THIS PROPERTY UNDER TI� PROCEDURE FOR FORECLOSURE OF
<br />A SECURITY INSTRUMENT BY ADVERTISEMENT, AS PROVIDED BY APPLICABLfi LAW, OR IN TI�
<br />EVENT LENDER EXERCISES ITS RIGHTS UNDER TI� ASSIGNMENT OF LEASES AND RENTS, TI�
<br />LENDER SHALL PROVIDE ALL STATUTORILY REQUIRED NOTICES OF SALE AND NOTICES OF
<br />NDICIAL HEARINGS BEFORE LENDER EXERCISES ANY OF ITS RIGHTS UNDER THIS
<br />INSTRiJMENT.
<br />Upon the occurrence of an Event of Default, Lender may, without norice 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 pemutted 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 suffcient 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 of 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 />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 />� zooa-zoi i compu�ce sy��e�, �a coFao�az - ao� oLi. u.nai ,
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