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<br /> executcd for the purpase of crenting,securing or guc+rnntying th� Sccurcd Dci�t. A guud faith hclicf hy Lrnder tlu�t
<br /> Lcndcr�it amy timc is insccurc with respect to any person ur cniity ublibatcd on thc Sccurcd lacbt or th+U thc ptospcct
<br /> . of nny paymcnt or tl�c valuc��f thc Pn�perty iti impnired shall also c��nstiwtc cm cvcnt uf�lciuult.
<br /> ' 15. REMCDII:S ON !)GFAUl.T.1n somc instainccs, fcdcrnl and statc law will rcyuirc l.cndcr tu pruvid� C;ri+ntor witl� ..
<br /> ' noticc of thc right ta cur�:or other notices and may establish time schedulrs for turcclosure uctio��s.Sut�ject tu thesc
<br /> � .• , limit��tirn�ti,if any.Lcndcr mtiy ucccicratc thc Sccured Dcbd and(orccic�sc this Sccurity Instrumwnt in a mnnnir "�
<br /> .�F providcd by law if Grantor is in default. _
<br /> � � At thc option of IAndcr,all or any part of thc agrccd fces nnd ch�irges,accrucd intcrest and principal shiill bccomc --s�`
<br /> �"`�""` immcdiatc:ly duc and paynhlc,a(tcr giving nuticc if rcquircd hy la�v. upon thc occurrencc ot a dcfuuU or anytimc
<br /> '�"""''"�' thcrcaiter.ln addition.Lender shall bc cntitled to all the rcmedics pruvidcd Ny law,thc tenns of the Securcd[7cht, :;;`
<br /> this Securiry Instrument and any relatcd dacuments,including without limitation,the po�ver to scll�he Property. `��
<br /> ' If therc is a detault,Trustee shall,in addition to any other permitted remedy.at thc requcst��f thc l.endcr,advcrtisc ��;�_:
<br /> and sell the Property as a �vhole or in scparate parccls at public nuction to the highest bidder for cash and c�nvey �?_;
<br /> ' � �hsolute title frec and clear of aU right,title and interest oi Grantor at such time �ind placc as Trustee dcsignates. _
<br /> j Trustee shall givc noticc of salc incluJing thc timc,tcrms and place of sale und a dcscription of thc praperty to bc sold _
<br /> �.� as required by the applicable law in effect at the time of the proposed sale. __
<br /> � k Upon sale of the property and to the extent not prohibitcd by law,Trustee shall mnke and deliver a deed to the Property �
<br /> �' sold�vhich comeys absolutc titic to the purchaser,and aftcr fi�t paying all(ecs,charges and costs,shall pay to l..endcr all ¢
<br /> � moneys advanced for repairs,taxes,insurance,liens,assessments and prior encumbrances and interest therecm,and the _
<br /> ' principal and interest an the Secured Dcbt,paying the surplus,it any, to Grantor.Lender may purchas� the Property. `�
<br /> . � ' The recitals in any deeci a[conveyance shall be prima facie evidence of the facts set forth therein. _
<br /> All remedies are distinct.cumulative and nnt exclusive,and the Lender is entitled to all remedies providcd at law or
<br />- equity,w[nether or not expressly set toreh.The acceptance by L�:nder of any sum in payment or partial payment un the _
<br />- ".. -�� Secured Debt ufter the balanee�s due c+r i5 aca:lerated or after[oreclosure proceedings are filed shail not constitute a —
<br /> ���� waiver of Lender's rig+it to require co�plete cure af any cxisting default.By nvt exercising any remeay on Grantor's _
<br /> t' � dcfault,Lender docs nut�vaive Lcnder's right to lar.er considcr the event a def�ailt if it continucs or happcns again. _
<br /> 16. EXPENSES;ADVANCES ON C(9VFNANTS;ATfORNGYS' FF.ES;�'OLLECTION COSTS. Exccpt whcn �_
<br />_ , prohibited by law,Grantor agrecs to pay ull of L.cnder's cxpenses if Grantor breac6es any covenant in this Sec�irity
<br /> � �' �:.� lnstrument.Gcantor will also pay on demand any amount incurced by Lender for insuring,inspecting,preserving or
<br />^ , 't�. ; ;� othenvise protecting the Property and l.ender's security interest.These expenses will bear interest from the date of .
<br /> thc pavment until paid in full at �hc highest interest rate in cFfcct as provided in the terms�f thc Securcd Debt.
<br />- � � Grantor agrees to pay all costs and expenses incurrcd Y,y i.c�.3cr ir=.�l���i2ro.�Slf�rrina or»fOtCCtIDL L.CRdCP's riRhts
<br /> ;,,ti and rem�dies under this Security Instrument.This amount may include,but is not limited to,attorneys' fces, couR
<br />=:,-.:;;;,11.' costs,ansi other legal expenses.7'his Security Instrument shall rcmain in effcct until rele�+s�d.Gruntor agrecs to pay
<br /> },�,;�t� � for any recardation costs of such rcleASe.
<br /> �'�`�� ' � L 17. ENVIRONMENTAL LAWS AND HAZARDOUS SUQSTANCES.As uscd in this scction,(1)Environmenta!Law
<br />;., , ���,�:,;.; .
<br /> ,;., means,without limitation,the Comprehensive Environmental Response,Corramensation And Liability��t(CERC .
<br />�`N::.•; '' � a2 U.S.C.9b01 et seqJ,and all other federal,state and local laws. regulations,ordinan�es,court oralers,attorney
<br /> �s:t:i„?
<br /> =��::.1..;,1� , gcneral �pinions or intcrpretive letters conccining the public health,safety, weli'arc, ena�ironment or a haz�r uus
<br />'°"'' � substance;and (2) liarardous 5ubstance means any toxic, radioactive or hazzt►rdous m��erial,�vaste,pollutsnt or
<br />�`�- `�",_'-, ,� wntaminant which has chaructcristias�vhich render the substancc dangcrous or potentially dangerous to the pubGc
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<br /> �'S`�i health,safety,welfarc or environment.The term includes,withau�limitution,any substances defined �s"hazardous
<br />_==_"�=���+i material,""toxic substnnaes;"'ha2ardous waste"or"ha�ardous substance"urtder any EnvironmentAl Law.
<br /> ;�a�;�.� Grantor represents,warrants and a�rees thnt:
<br />���-�:'��S�i A. Except as prcvioi�s(y disclosed and acknowledged in writing to Lendcr,no Hatardnus Substan.:e is or will b�
<br /> �.--.-�,�� located, stored or released on or in th� Property. ?has restriction does not app�y so small quantities of
<br />__'__�,�, Hnzardous Substnnccs that are generally recognized to be appropriatc for the normal usc and muintenance of
<br />���X�� the Pr�perty.
<br /> �``� B. Except as previously discloscd and�cknowled�cd in writing to L.ender,Grantor and evcry tenant hnve been,are,
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<br />�=.���r�.� and shail remain in full compliancc witL any applicabl..Enwranmcnta �v.
<br /> " C. Grantor shal!immcdiatcly notify Lender if a rclease or threatened release of a Nazard�us Substance occurs on,
<br /> —���� under ur about thc:Property or therc is a violation of any Environmental I.aw mncerning the Property.In such
<br />���'���---�"�-���� an evcnt,Grantor shall take all necessAry remedial action in accordance with any Environmental Law.
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<br />� ��"'m'�"'�`� D. Grantor shall immediately notify L.e:ndcr in writing as saon as Grantor has reason to believc thcre is any
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<br /> '����"� ' �ending or thrcatened imestigatiun,claim,or pruccedin�;relating to the release.or thrcatened relcase o any
<br /> 3����'"��`' g-1t�ardous Substance or thc violation�f any Environrnental Law.
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<br />- � • 18. CONDEMNA7'[OPI.Grantor�vill give Lendcr prompt notice of any pending or threatened action,by prrvate or
<br /> public entitics to purchase or take any or all of the Property through condemnation, eminent domain,or any other _
<br /> means. Grantor authorizes Lender to intervene in Grantor's name in uny of the above described �ctions or clain�s.
<br /> .' , ,;. Grantor assigns to L.ender the prexeeds of any award or clAim tor damages cannected with a condemnation or other _
<br /> ' '�� taking of nll or any part of the Property,Such procecds shall�+c considcrcd payments and will be applied as provided in
<br />�� .. .g, this Sccurity Instrumcnt. This nssignment of procecds is stnbject to the terms of any prior mortgage,decd of trust, _-
<br />�,..,:,,:� ��� ' t5� security agreement or other lien document.
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<br /> �'• d 19. INSURANCE.Crantor shall kcep Property insured against loss by fire.�dood, theft and other hazards and risks y
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<br /> ,,,. reasonably associated��ith thc Pmperty due to its type and location.This;nsurancc shall he maintaincd in thc amounts �.'.
<br /> - . �r+*� : j and for the periods that Lender requires.Tlte insurance carrier providin�the insurance shalt be chosen by Grantor _
<br /> _ _�_____ __.__ ���t,�,.�r r�, t.ereder's annroval,which shall not be unreason�bly�withhcld. If Grantor fails to maintain thc covcrage R.
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<br /> described abuvc.Lcndcr may,at Lcndcr's option,ohtain covcr�gc io proicci i.euuci's�� �������.�..._...
<br /> - to thc tcrms of this Sccurity(nstrument. �
<br /> All insurancc policics and renewals shall bc acccptablc to I.cndcr and shall includr a standard"mortgagc clausc"and.
<br /> ' whcrc applicablc,"loss paycc clausc."Grantor shall immediatcly notify Lc:ndcr c�f a�nccllation or tcrmination of thc _
<br /> insuranec.Lcndcr shall have thc right io hold thc poliries and rercwals.If Li:ndcr rcquires.Grantur shall immediatcry
<br /> " ' give to Lender all reccipts of paid premiums and renevaal notices.Upon loss.Grantor shall give immediate nuticc to .
<br /> the insurancc c<irricr and L.cndcr.L.endr.r may makc pr�of of loss if nnt made immcdiatcly by Grantor. _
<br /> (pego 3 0!4) _
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