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<br /> � 14. DEF�ULT.Tnjstor will be in defnult if any pflrty ohliAatcd on thc Sc�:ured Debt fnilE to mnkc payment�vhen duc.Trustor ;
<br /> wilt be in default iF�bre�ch occure under tho tcrme of thin Secu�rity I�stn►m.nt or nny other document execute�d for the o
<br /> purpose of creatin ,securing or guar�uuytn�tho Secu�r.d Debt. A goad fnith t►�llaf by I3cneficiflry d►�t 8eneticiary ut uny f,
<br /> time is insecure w�t�respect to uny person or entity nhliQated on tlic Secured Det�t or thnt the pmspect of iu�►y pny►nent or _
<br /> the valuc of the Property is impnired chnU nlco conrtftun:en event of defoult. •
<br /> 15. REMEDIES ON DEFAULI'. ln same instnnces, f�deral nnd stcttr li�w�vill re:quin aencficiary co provide Trustor with
<br /> notIce of the right to cure or ather aotices tutd mny estnbl[ch tlmc schedules fnr foreclosurc actiona. Sub}ect to these I .,
<br /> limitations, if any, Bzne�ciary may ar.celerate the Sc:cuned Debt nnd fort�cloxo this Securiry Instrument m a manner i
<br /> provided by law�f Trasror is in default. •
<br /> At the option of Beneficiary all or nny part of th�a}�rced fees And charges, accnied interest nnd principal shall bewme
<br /> immedIately due and payable, after �Lving nonce iC requircd by law, u�ron the accurrence of a default or nnytime
<br /> thereaiter. la addltion, Denefic�ar3r shull be entltlt�t tm�lt the mmedies provid�*d by Iflw, the tern�s of the Secured Debt,
<br /> this Security Insmcment and any rel�ted documenw,includinII widiout limitation,chr.power to sell the Froperty.
<br /> If there is a default,Trustce shall. in addltion to uny atlicr pernuttc�d remedy, at tho requcst of the Bcneficiary, advcrtise , t3.,��,
<br /> and sell the Froperty as a whole or in s�pltate pnrrela at public suction to the hiF,hest bidder for cash aad convey absolute •^:mJ.' ._
<br /> title tree And clear of all right, title and interest af Truat�r At such time and pinco as Trustee designates.Ttustee shall give ,,t;_
<br /> notice of sale including the time, te�ms and place:of sale and a descdption of the property to bc sold as reyulred by the ___
<br /> applicuble law in effect at the time of the proposed sal4. � ._'___"'---
<br /> , Upon sale of the property and ro the extent not rohibited by law,7'rustee shall makc and deliver t►deed to the ['rog�rty ,. ;,�;�,,,:�.
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<br /> I sold which conveys absolute title to the purcbaser, and after first paying all fees. cl�arges tmd tosts. shall pay to y,.�;__
<br /> 1 Beneficiary all moneys advanced for repairs, t�u�es, insurance, liens, assessm:mts and prior encumL•rances and interest �����'
<br /> ' ; thereon, and the principal and interest on the Secured DeUt, paying the su�►lus, if any, to Trust�r. Beneficlary.may �' �=��--__
<br /> i purchase the Properry.1he recitals in any deed�rf conveyAnce shall be prima fRCia evidence of the facts set forth therein.
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<br /> ,; All mmedies are disdnct,cumulative and not exclusive,and the Beneficituy is entidcd to all remerllcs provided at law or �: �'
<br /> '? equity,whether or not expressly set forth.The�cceptAnce by Beneficiary of any sum in payment or purtial payment on the ;
<br /> .,!pr���� Secured Debt atter the balance is due or is accelerated or after foreclosure proceedfngs are filal si�all not constitute a , . IJ;
<br /> , �� waiver of Beneficiary s rl�ht to require complute cu�af any existing default. Iiy not exercisin�auy remedy on Tn�s�ar's
<br /> ' � .:;,r�� default,Beneficiary does nat waive Beneficiary's riIIht to later consider the evant n default if it continu�or liappens again.
<br /> ,� �,�5'' �'���`�� 16. EXPEN�ES; ADVANCFS ON CQrVEN�4,PiT5; ATTORNEYS' FGC5; COLI.r•CI'ION CC��STS. Excspt when �'
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<br /> .,,,:,; �,��, �hi�;.:.3 h°:a°.Tnsssor sgrePs!^ gay �p of R.�naficiarv's exaenses if Trustor breaches any cov�nnnt in this Secur[ty . . ,
<br /> :;�•.,; � .:.;,,;; �nstrument. '�Trustor will also pay on demand any amount incurred by Benefieiary for insvrfng, inspixting. preserving os , , ��� :;-� �1
<br />.:�.�..�,, otherwise protecting the Praperty Aud Beneficinry's security interest.These exp�nses will bear interest from the datQ of 4hF ;�.`'.,
<br /> � payment until paid i n full at the h i g hest inUsr�st n te in e ff e c t a s p r o v i d e d i n t h e t c r i n s o f t h c S e c u r e d Aebt. Trusrox a g rees f�
<br /> to pa all cosus and eapenses incurred by Be�nefici�ry in collecting. enfoixing or protecting Beneficiary's rights and ,' : .
<br /> . re�es under this 5ecurlty Instrument.Thie amouna mny include,but is not limited to,attorneys' fecs,court costs, and r, �.� ,
<br /> other le�al eapenses. This Securiry Inst�eunent shall remain �n effect until released. Trustor agrees to pay for any ,,.
<br /> recordauon costs of such release. - �'��'
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<br /> ' 17. ENVIItON1VIENTAI. LAWS APiD HA,EA�RDOUS SUBSfANCGS. As used in this section. (1) Enviranmcntal Law �
<br /> ;;.1'•;•;: t mea.ns,without limitatioa, the Comprehcnsivc Environmental Response, Compansadon and Liabili.ty Act (CERCLA,4Z y Y_ � �,
<br /> � U.S.C. 9601 et seq.). and all other fedoral, stn:e and local laws, regulationn, ordinances, court ocriers, attomey generai •.�,���
<br />�'„•• � ;;,.S;s, opinions ar interpre dve letters wncerning the puUlic health. safety,welfare, em�i�nment or a hazar dc�us substence;aad(2) .
<br /> • • ,}.;;� Hazardoi+s Substance means any toxic, radi�uctive on c�izardous material, �vavte, pollutunt or cnntaminant wbich has �: �'—``;.,,
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<br />' `•��r� characterisucs which render the substauce dungerous or potenpally dang�rous to the public healr�, safety, welfare or t ^�;'�.�`�'-`
<br /> ' � ��' � environuient. The term includes, withont Ifmltntion, any substances defined as "hazardous matcri�l," "toxic subsuuicxs," �
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