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<br /> � 97� 1r,�'y
<br /> �eho Property in violation of any law, ordinanae, or rogulatior�t
<br /> Ana shall pay and px�mgtly diecharge at �orrower'� coet and
<br /> axp�nse all ].iene, encumbrancos and charges l�vied, impoaed or
<br /> . asae�sed againat the Property or an,y paz�t thereof.
<br /> �minent D�main. Lender ia Y�ereby aeeiqned all ;
<br /> 6. •
<br /> ...�•�+" compensation, awar� s, damages atid other payment� or re�.�.ef
<br /> � -�' (hereinafter "ProccedE") in connection wi�h cond�mnaY.ion or. oi:her
<br /> taking of the Property or part thareof� or Eor conv�yanca in lfeu
<br /> of condemnation. I,endor �hall be en�itled, at itio option, to
<br /> commenco, apnear in and prosecute in its ov�n name any ac�ion or �. .;':
<br /> proceedings, and sha11 also be entitled to mAke any compx'osnic�e or ��°:-
<br /> se��lement in conneci:ion writh suah ta}�ing or damage. �n the _
<br /> event any portion o� the Property ia so �aken or. damaged, Lend�r N_=-
<br /> shall have the option, in ite sole and absolu�e di�axetion, to _
<br /> � apply a1i such �rocee�s, after detlucting therefrom all costs and �-
<br /> expenses incurred by it •ln connection with euch Proaeeds, upon
<br /> 1 any indebtedness secu.xed hereby and an such order as Lende� meY �
<br /> � determ�.ne, or to apply all such Proceeda, after such deductions,
<br /> � to the restoxat3on o� the Property upon such conditions as Lender
<br /> „ may determine. Any applicatian of Proceede �o indebtedness shall -
<br /> � . e� not extend or postpane the due date of any paym�nts under the �
<br /> � � Note, or cure any dafault thereunder or hereunder.
<br /> 7. Perfo�mance by Lender. Tn the �vent of Borrower's
<br /> - failure to perform any of the covenante herein or make any pay- _
<br /> ments required hareby. or if any act is taken or legal proceeding
<br /> '� ; commenced whicta materially affecta Lender'a iz�tfe}hrnit obliqa-
<br /> ' Property, Lender may in i�s ow�� uis�rati.on, hut =•-- � -
<br /> tion to do so, and without notice to or demand upon norrowar, and
<br /> '•'�"',' wi�hout releasing Borrower from any obligation, dn any act which
<br /> ;����.:i:,::���.� the Boxrower has agreed but Pails to do and may alsa do any other
<br /> ''<�` ' act i� deems n�c�ssar�► to protect the security hereof. Borrower
<br /> `�'�'r:� shall, immediately upors damand thexefor by Lender, pay tcr Lender _
<br /> �.f�.,,. �. •,. ' Lend�� in
<br /> '•��•�`•� all aoets and expenses 1.ncurred and aums expended by
<br />., +':;::;;':,`'...�' - _.-
<br />�.c.�:.',::}��,�. • connection wi�h ttie exercise by Lender of �he foieqo3ng rights,
<br /> - ���°°�x �. tagether with i.nterest th�reon at the de£ault rate provided in
<br /> ::r�5;':,:. ..:.,:
<br />.,. � a� the Note, which sh�ll be added to the n e tednesa sectti�d
<br />=;"��r:.",,`;` hereby. Lender sha11 not incur any liabiLity because of anythin�
<br />_._.�f_ti4�_—_
<br /> _- it may do or omit to do hereunder.
<br /> :.-.�;�,:�-m-.
<br /> '°k'-y���'���� ? 8 . Hazardous Ma�erimis. Borrower ahall keep the
<br />-..:f n���
<br />-_��.�;.:- - Property in cornpllance with any and all fedsral, �tate amd loca
<br />-�.;�.-,,.:2. g g iene
<br /> �,���.�:, laws, ordinances and xe ulations rela�in to induatrial hyg
<br /> J""'°`"�'"''' or to environmEntal conditions an, under or about the Propertp,
<br />-_.=:�',�;fi�: , inol�xding� but not limited to, anil and groundwater conditions. _ _
<br />`-'T`4`��;►;:.' Tru�tor sha11 not use, generate, manufacture, atore or dispose of _
<br /> ==�� on, undPr or about the Property or transport to or from the
<br /> .::�'*="':� .
<br /> -�--�_:}.. � �• Propex�y any flammable oxplosives, radxnactive materials, hazardous
<br /> -;;�,.,.,,..� � without
<br /> �='"=-!'�`•.� . t� '���' wastes, toxic substances or related materials, 3ncluding,
<br /> :�.-;£; �""' % limitation, any sUbstances defined as or included in the defini- _
<br /> '� `r�` -����� tion o£ "hazardous substances", "hazardous wastes", "ha2ardous
<br /> � � �.� ''., materials" or "toxic substancea" under any applicable lawa,
<br /> � �`f`��%' ordinances or regulations (collectively referred to hereinafter
<br />_ �`';� as I�azardous Materials") . Borrower hereby warranta and repre-
<br /> sents to Lend�� that there are no Hazardous Ma�erials on or under
<br /> �'�`;� �� the Propertiy. Borrower hereby agrees to iraden�ify and hold a:=
<br /> ' " • � � �;.�-: haxmleas Lend�r, its directors, ofFiaera, employeea and agentis P o-.
<br /> �,:,�,;,.,. � Y �,:.
<br /> �4;;,,...;y and any successors to Lender s interes�, from and againat an and �,.
<br /> �i��';�"`,' all claims, da.mages and liabilitios ar3sing in connsction with _
<br /> ,.. Hazardous
<br /> .;-�=' � t � the presence, use, s�orage, dispoe�l or transpart o£ any _
<br /> Materials on, unde�, from or about the Property• includirig, with-
<br /> _ a,_ ..,.,.. .,,. �n����etiv arisinq
<br /> - -� = - -
<br /> ,: _ _ - �------
<br /> 011� limitation, (aj aii uatttayaa v+.+.��-�-�.j -- ------ - - -
<br /> out of the usE, generation, stor�ge or disposal of Hazardous -
<br /> MAteriale by Borrowex or any pxior ownor ox operator of the -
<br /> Propexty, and (b) e►11 costs of ariy required or necessary repair, _
<br /> cl.eanup or detoxi.fication and the preparation of any cloaure or
<br />_� .. o�her requixec'd plans; whether such ncti.on is requi.red or neces- _
<br /> sary prior to or £ollowing transfer of title to the Property, to
<br /> � the full exten� that such action is attributable, directly or
<br /> . indirectly, to the presence or use, generation, storage, reiease,
<br /> threatened re lease or disposal of Hazardous �Materials by any ,
<br /> person on the Property prior to transfer of title thereto by
<br /> 1 i o3e
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