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~s ~equi»d b~ Leadu. all rijh~ tiW sad Int~nst ot Bo~cow~r /n aoA pepc~edie~ rN~tlns to aa~r ooode+msatba oe olMe talclns at tLt Prop-
co sny lantsaaa poUcJa and un~ita~d pr~mluau tl~~noo nnd la and ~rt~r and to +wtW os oomproraW anY clalm la ooan~ctioa witb ~ueb
co t~~ prooNds thee~ot rMUltlns troa4 damai~ W tA~ ProP~sV D~ coadannstloa or otbsr takla~. Tb~ P~ ~ any award or clalm
to tA~ s~U oe ~oqulsltbn ~all pu~ to Iwnd~e. tor damniM. dls~ct or oonNqu~n~la~. fn eoaaktloa ~with ~ny coad~mna-
rrese~rtiqw ~i t Boreow~r (t) ~ball not D~~~ or oomadt wut~. Uon or oth~e ta1~1nS ot t6~ Peop~eU?. os part tA~rwt~ oe tot conr~y.
![ai¦fw~ Uopalrmen~ or d~tulontloa ot th~ Peop~et7?. (A) la Aw ot cond~maadoa. ar~ Mnbr wlp?~d ~nd ~Lall b~ pald :
to I.eud~r ~ub~ct. It tbis Yort~ap U on a l~hold. to tD~ r1~At~ ti
pr.psey t ~I?aU rNton or npate pwmptlp aad !n a s~ood aaA pt lwiwr und~r tM ~ouna lw~. :
I.ea~sMMs workaanllk~ mann~e all or any part ot th~ Propset7 8orw~r~r autborlsM Lead~r to apply ~ucb awwMs. peoe~ds oe ;
to th~ pulwlint ot fta oef~inal eond~tion. or such daa~as, atl~r tDe d~dueqon ot LendeC~ ezpen~as incurred 1A th~
other coadltioo u Lendee may appeove tn wrltlas. 1n tl+~ rtAt of ~oll~ctlon ot ~ucA amounts. at Lod~r's opqoa, to restor+?tlou oe
any damas~. Wury or low th~ta wb~th~r oe not la~uhaa pro- ~y~ ~ tp~ prop~rty or to pwym~nt ot the sum~ ~ecurd D~ tDis
cecda u+ a~allaDl~ to oo~u in whot~ oe in put !h~ co~b oi ~uch Yo~~~ r112~OLht~ or aot tDaa du~. in th~ ord~r ot appli~tlon Nt
reatoratbn or r~p~tr. (fU). ~Aall k~sp th~ Prop~rt~. lacludln~ lmpro~~- to~th ia p~eair~pb i Mreot. ~rlth th~ balaacs. tt wny. to Borrowtie
ments, A~ctuew. pufpm~n~ m~chtnenr and appUanos~ th~r~on 1n ~'ood Borrower as~ lo ~~cut~ ~uch futth~e wianment ot aay awardi.
repalr ~ad ~Dall rep3~a ~ture~. equipmen~ machlner7 aad aPDV+II~ proasds. damase~ or clatm~ arWaS fa connscUon wtth auc~ cna-
en tn~ Peoparq wL~n A~COiNty !O 1[Np such item~ ia ~ood npalr, a~~p or fn~~ee~r ~a Iwnder m~Y 1'~4~te'~.
clv) sbail oomDV wlth W la~va. ordinaucq. rKulationa aad rpnier- Uulw Borrower and Iwadas ot6erwlN aii+e !n wdtln6. aa,Y
meab ot iny ~OV~eo~le4tal body applioaW~ tq th~ Peopurt7. aud h) ~ucA appllcatloa of ~rooNd~ to prl~ctpal shall aot ~tend or postpon~
ahall 6eneeylly m~nas~ ~nd maiataln tDe Peoparty fa a maaa~s to tbs due dat~ ot th~ montLly 1n~tallmsab ntetred to ln Para~aphs
inaure muimum rantaL. Nsither Boreower nor anr tanaat or oth~r 1~= b~reot or cAanse ths amouat of ~ucb in~talimants.
person shall remo~~. demolUh or alter aap Unprovement pow ~isuni S~rr~wer ~ It. l~rrm time to tim0. wltDout aSecUna the oDU-
or Aera?tte~ sractd on the Propertr or any ~ture. ~4~P~~
chinery or appllanes !e or oa We Propseqr e:wpt when tncid~nt to H~t Batlon ot Bo?TOwer or Borrower'~ ~uocessor~ or u-
the replaeem~nt of l~tur+s, equfpmea~ machia~rp and appLwae~ with 1~~ to pay tDe anms ~seured bp thb ~[ort~an
Itemn of llk~ kind. aad to obisne th~ oo~~nants of Borrow~r contaiaed
It thL~ ~[ortsas~ t~ oa ~ leaieho3d. Horeower (p ~ball oompl~ wltb 6ereln. wltAout asectlns the Naranqr ot aay penon. oorporaUon.
tne provblon~ oi tLs ~eouAd l~ase. (1f) ~hall ~l~e lmmedtab written P~Oe~p o* other ~ntity for paymeat ot tLe lndebtednMS wcured
notfce to I.ender ot any default by leswr under the srounA l~w bereby. wd witbout aCectlas the Uea or prlority ot Uen hereot
er ot an~ aoUos rec~lved by Borrower feom ~nch lenor of aay default oo ~e ~PetV• Under may, at Iwad~r'~ optlon, wltlwut ~t~ing
under the ~ound lease by Boreower, (Ifl) shall e~cerct~s aaY oPtbn n°ti~° to or oDWnlos tbe ~on~ant ~ Horcower~ Borrower'~ suc-
to rmew the sround lew and aive writtea oonnrmation tL~e~eof to ces~on or aafsna °r ot ~wy ~uubr lleabolder or Suarantors. and •
t.ender wlthin thlrty days atter such option Decome~ a:~rM~aDl~. ~~t O° °Zttnd tbe ttme tor p~yment ot ,
( iv ) ah~ll t1~e immedlate ~reltten notice to Lander of the commwce- ~d l~deDtadaan or any patt tl~a~eot. r~duc~ tb~ PaYmanU thereon, ~
ment ot aay remedial pmceedfn~ under the 6rovad lease by anp party ~°yO°e ~b1° °II ~r ot pid 1ndeDtednen. aoo~pt a renewal ~
thereto and, if requfred by Lender. ~hail permit Lender u Boeeower's note or aotes tLerefor, naodity tM taria~ ~ad tim~ ot PuYm~n~ }
attorney-tn•fact to control and ~?M for Boreower !n aay auch remedlal °t ~~~t°d°°~s. rsiw° h°m ~ YO~+6° ~7 P~
proceedWaa aad sl~aU witAin thirty dtys atter request br Iwnder ~rtY. taice ar rdew otAer ae addltional s~eurlty. recoavey i
obtain trom t6e le~wr nndar the ground l~s and d~Uv~r to I.eader t2?~ ~7 P~T~ of tt~~ Pe+o~rty. coaMnt to an~ map oe pi~a ot tla Prop- i
leesor'~ e~toppel cactlIIcate rcqufred thereunder. if any. Borrowst ~hall ~RY• oon~ent to tl~s srantlnL of any euem~R 7ola in W ezten~loa i
not aurreader t6e lea~ehoW estate and lntereat~ henin mort~ed nor °T ~
term~oate or cancel tDe `round leus creatfaa tnld estate and tetererts. ~ti ~ nU or p~rio~l ot ~mortisattoa ot t~e Nob or
a chanse tL~ amount ot tLe moat~r 1n~tsIImeob payaDie tDerennder. .
and Borrow~ s~all not, witbout the ezprep ~rritten oonseat ot Lender. Borrowet ~hall p~1 Lender a rea~oaaDl~ ~et~fce ebart0. to~ethar ~
alter or amend safd seound leaae. Boreower oo~enanb aad asree~ tbat ~ncA tltle in~urance pcemlums and attorney'• fees u may Ds £
therc sball not be s mer6er of t~e ~round lwe. or ot the lwslald ~ncuered at Iwnd~C~ optloa. foe any iucD actlon It takea at Borrower'~ ~
estate created thareDy. wlta tl~a fee estate co~ercd by the tround l~a }
by rea~on ot said lwebold estate or sald fes e~tate, or any part ot, ,
either, comins inW oommon owraershlp, unleas Leader ~ail oorueat fa ~?y ]i. Any torDearanos by Leuder ia a:eer,ldn~ aay ~
writina to such merser: If Borrower shall asqulre such fes dtate. thea I,~er N~f rlg~t or remedy ~r~under. or otLerwiss aQorded by. ;
chls Yortsase ~aU slmnltsneowlr and without turtLer actlon be a p~1~ee appUt~ble ~hw, shall not be a waher oi or pr~clude #
apresd ~o u to aaoom~ a Len on such fee e~tate. the of any risht or rsmed~ Me^eunder.
IIses ~i T. Unless requlred by+ appllcaDle law or ualrs ~e procntement ot tnsunaoe or the paYment ot tue~ or othet ~
Pro~erqr Lender hu otherwise aareed in writln~. Borrow~r Hen~ or cLarps-by IwaA~r shW not bs a wah~r ot Iwada'~ .
absll not allow cL~nies in the natnre ot the oocu_ *~8~t to aoceierwte the matu:itr ot tLe fadabtedne~s bereDy se- ~
~xncy tor wbich the Peopesty wu inteaded at the ttms tLi~ Yoet- cured. Lender'~ teo~ipt of an~ swards. pmoesds or dam~ge~ un- z
gage wu ~ecuted. Borrower shall aoi lnltlate oe aoqufe~a ln a der Qaragraph~ 6 and 11 h~eeof sba11 not operate to enre ~ wai~e ~
change fn tbe soateg cLsdscation of the Propert]? wlthrn?t Land~~ gorrower~s default fn paymaat ai snau sacnred by thls Ho~i~.
w ritten oon~eat,
~t~ppal 24. Borrower ~hall wlthin tea d~ys ot a weltten
Yroteetlw ~t & It Borrower [aUs to pertorm tAe oo~~nants and Certl~eats requa~t irom Lendar farnisb Leadar wlt~ a wrltten
Ixnder't aaraemeab aontalaed 1n tDia ][ortaas~. ot tf aa1 ~fatemen~ duly aCknowledgOd. ~ettina tortb the
Seeerlt~ acUon or procesdins L oommiaad wbfeh as~cb th~ sums ~ecured by Ws Hortaass aad any riaht ot ~et-o~. eowtter-
Peoperty or title thereto or tbe fat~reat oi Iwad~r clafm or othee defenae which a:lsts again~t sucD aums and th~
therein, indudizg, but not Utnlted to. eminwt domain. fn~ol~ency. code opU6atloas of tLis l[ortsa6e.
er.torcemeat, or arrsn6emeab or peoceedta~r in~olvfng a b~nlcrupt or
deceden~ then Lender at Leader's option mar make ~nch appearaacd. U~l~r~ lb, T61s y~ortaage b intmded to be a sc~writp
dtaburee sucl? sums and tate snch uUon u Leader deem~ neceasar~r
to protect Lender's lntereat„ iacludf~, but not limited to. dLburasment CO1°°e~~ ~~eat punuant to the Untform Commerclal
e[ attorney's tees snd entry upoa tLe Psopesty to make repairs. Aay ~1e ~~~~tr Code for aay ot Uu gooda speciDed abo~e as part
amounts disDursed Dy Lender pnrsuaat to tbis par~rsph 8, wtth inter- Asreems~t ot the Property which, under appllcable laa, may be
est thereon, ahall batwme additlonal indebtednas of Borrower secured tttbiect to • ~ecurity intereat punuaat to tbe Unt-
by thie Yortgaga Unlas Borro~rer aad Lender aaree to otber brm~ torm Commercial Code. and Borrower hereby granb Lender a securlty ~
of payment, such amounU shall De payaDle upon notlce from Lender ~~rpt !n ~afd goods. Borrower asrees to ezecute and deliver 6rianc-
to Borrower requesting psyment thereof, and shall bear intarest ~g sfatemenb covering said goods imm time to time and fn such foro~
trom the date ot dLbursement at the rate rtaled ln the Note unleas u Lender mar requtre to pertect s sccurity interest witb re~pcct W
collcctlon fram Boreower of interat at such rate would be eontrary
to appilcaDle Isw. in ~vhich event auch ~amounb shall bear lntere~t at ~a 8~s• ~rrowe~ ~h~ll Pay all cosu oi SUag such statemeab and
the highest rate w61cL msy be collected from Borrower nnder appli- reaewals and nleases theteo[ and ahall psy all reuoaaDle cwab and
cable law. Borrower ihalt Lave the rlsbt to repay sueh amounts in ezpensea of any record searcha tor 5nancing statemeats Lender may
r
cc•nole or 1n put at any time. Nothing oontained ia thl~ paraanpb 8 ~p~p~y ~q~K, Without the prlor wrrttten consent of Lender.
aha11 require I.ender to incur any aspense or do any act gore~oqrer shall not create or suser to be cr~ated punuant to tbe Unl-
form CommercW Code any other security laternt ia said goods,
Inspeetloe 9. Leader may mske or cause to be made reasoaable ~~udina npiacements ~ad additions tDereto. Upun BorroweYa bnach
entriq upon and fnspccUons ot the Property during ot any oovemnt or agreement of Borrower contalaed in tDls Yortgage.
r.ormai businesa hourr. ~p~yd~g ~e oovenanU to p~r wlxn dne all suma secured by this
Buolu a~ 10~ Borrower sh~ll keep snd msintafn at all tlmes Hottgage, I.ender shall havs tl~e remedie~ ot a secured partq under .
ItrcoMs at Borrower's Addreas stated below, or auch other ~ jJAuo~ ~~eecial Code aad, at Leader's option, may also lnroke
place u Lende~ may ~approve fn wrftiaa, compiete the remedies provided in paragraph Ri of thls l[ort;age u to such
~ and accurate books of accouab and records adequate to relfect correetly ,
the reaulb ot the operatlon of the Property and coplea of all writtea g°Oa~'
~ cortract~, leaies aad other lnstrumeab which affect tLe Propetty. 1~ ~e ateall rnmply with and ob~ans
Such books, recordi. contrscb. le~ses and other instrumeab aLall be
aub~ect to e~caminatioa and Inspectlon wt any reasonable time by Fr~le*t7 Bormwer's oblisations as landloed under ali lea~ea
I.ender. Upoa Leader's requa~ Borrowa sball furnLb to I.endes. ' ot ths Pro~patf,~ or any patt theteot. Boreower wfll
w~ithla one 6undred aad taenty da}n atter the end ot ac6 lLcal y~r not leus aay portion oi tLe P~'opartY ezcept to teaaaU for occupancy. S
ot Borrower. a baLncs sheet and s statemeAt ot inoome aad ezpen~ca ~~oRer. at Lsnder's reqna~t, aball futnUb Leader with euecuted
ct the Propeety. e~ch fn reuunable detaU and certlned by Borrower ropla of all lwea aow ezisUna or bereafter made o! a11 or anY paet
and. !f I.ender ~hall require. by an independeat certlned puDUc ac- ot tLe Peapsrty. aad ali leasea now or bareafter eatered Into will
countanL Borrower sball fnrnUh ~t tDe tame time a rtnt ~chednle ~ ~o form and ~ubstance sub~ect to tLe approvtl of I.endez. Borrower
for the Property. eeetined by Borrower. sbowln6 tLe nam~ o! each
tenant, u?d tor eacb teaan~ the space occnpled, tbe lws ezptrstlon not, wfthout I.ender's wrrlttea conseat, esecute. modff~. surrmder
date, the reat payaWe and the nat patd. or teraainate, eiWer oralty or in writins, aay lease aow afsUna or
Gondea~atl~o 1L Borrower sutLorlrea L~ad~e. at I.wder'~ optio0. b~~~ ~a of all or part oi tLe Peoperty pro~Ming for a term
~a attorney-fn-tact tor Borrower, to oommence. ap- ~i 7~ or more, permlt aa asstanmeat or sualeus of aucA ;
pear In and prosecute. la I.endes'~ ~ Borrow~r'~ name. any actfon or ~utO°t Iwaa°r'~ writtea coasen~ or nquest or oonssnt to tLe
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