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<br /> � 6. � . . Lend�r is h�reby assigned all � � _
<br /> co�pc�aat�.o�, +�tars�dg, c��agas a�nd ot�aor payment�s or relieP _
<br /> - l (lYmreinatter "�xoaead��') in coanectian w3�inc �a�deLU�a�ior� or. other
<br /> ta�Scing o! �lia Pz�operty o�r part there�f, or for aonveyance in lieu
<br /> of condontnatic��. Land�r shall be entitLed, at i�s option, �o _
<br /> ( a�mmenao, ap�p�sar in and proaeaute in its own name any aGtion ar
<br /> �xorseeding�, am1 ehsil a:lso be ant�tled tio m or aaY�age�rQ Tn�the
<br /> I settlement in connc3ctio� with su i S�t�� or damagsd, Lender �
<br /> event any po��:�o�► o� �ha Property -
<br /> �Itt�all havo tlia opt3.on, in its sole and absolute discretion, to „ . �
<br /> r�p�ly a11 such I�r.uceeda� aftc� deducting therefrom all costs and ������;
<br /> ,:,ra��-'-
<br /> � oxpenaes inci�xQd by it in conn�action wi�h such Proceeds, upon ;��}
<br /> aa►y indebtednr�r�r� secu�e� hereby and in such order as Lender ID8y i ,,,�;r..q.;
<br /> determine, o�c �o appl� all suc3� Proceed�, afte� auch deductions, _ _-
<br /> " i m�y dete�minoo Any aPplication o� Pxoceeds to indebt$dness shall �`'-=�Y
<br /> ,� noti exS�e�d o�c poatpone the d�e date o� any payments under the ��;;,,�,,,�
<br /> N�te, or au�co anY datau].� ther�under or �ereunder. .���
<br /> •1 Af., �
<br /> In the event of Borrowes's ''�
<br /> . 7 Ar+�YFnrtnetlCB bQ� Lencier. , . ,�'`-_--
<br /> Eailwre to pe�Porm any� o� the covenants herein ox ma]ce anY ..��A .;; ; .Y
<br /> payments rac�ii�.red hexeby, or i� any mat is takoan or legal ; � .
<br /> � ' p�oasedinq commanaed whfch materia1Zy •aff�cts Lende� s intexest
<br /> �� in the Prope�y, I,Sndar aay in its owrz discretion, but withou� �
<br /> obliqation t� do so, and withc�ut notice to or demand upon
<br /> ���., � ?•...
<br /> , �• Borrot,�er, anQ without releasing Borrower from any ob].iqation, do � _; �
<br /> �` any aat whiah tihe Borr�wer hrse ag�eed but failed to do amd may ..��_
<br /> __ = Qio� �� :.n;� a�l:e� ,��ti i•� deems necessary to protect the aecurity : �._
<br /> �, hereof. Box�owor ahall, im�ediately upon demand ttiere=ore by r
<br /> ', Lender, pny titto Lendex all cant� and expensea incurrQd and eums • ,
<br /> ; expended by 7Lflnder ia connRC�3dn with the exexai�� by Lender of 4=��`''�° • �, ;;
<br /> �i{;��� �,;;
<br /> ,� tha foregoinq righta, ti�sqether with in�erest thereon at the rate
<br /> provided in tho Note, uThich sha].1 loe 2�daied to the indebtednesa '�;.,
<br /> � Becured herolay. Lc3ndar shall no� incur any li.ability because o� :�r''.
<br /> anything it �nay do or ofnit tm do hereunder. �� ,�
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<br /> g� ys Mat�e�als�. �orrower shall keep the PropertY ����
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<br /> in Gompliana��ith any an�D all federal sta�te and local lawe, .�;
<br /> ��. o�cttinances and requlations relatinq to �ndustrial hyqiene ox to _q��
<br /> �, environmenta�. condit3ons on, under or about the Property, --___
<br /> including'; buY. not liwited to, soil and ground �rater conditians. °���� _
<br /> �° Borrower sha�.l not u�e, genera�e, manu�acture, gtore or dispose _
<br />_ � � o! on, undar or abou� the Property or txanep ort to or from the =�
<br /> Property any fl8�iaable explosives, radi�active materials, �
<br /> �. . � hazardous waat•os, toxi� subatances or related materials, ���
<br /> . - inaluding, t�fthout limitation, any substances defined as or �w""�'�'�"
<br /> �� ' fncluded in �he da�fiaiition ot "haza�dous substances', hazardous __::•
<br />- .. ��� , wastes", "hazardou� material��"r�or lations (olle tively- der any �,��__-
<br /> '. ,� a licable lawo, o�cdinances gu "=���`"��
<br /> ���
<br /> ��� rePexreB to haroiri•r�fter as "Hazardous Materials") . Borrower ;ry;;;',�, ���
<br />� ���' hereby warxants t�nd represente to Lender that there are no �°����+ .
<br /> �,yt;}�:arn�,:.. �
<br />- � ' Hazardoua Ma�arials on or under the ProPertY• Borrower hereby ,;.�, _ ��;M-ti.,�,.
<br /> agreea to �.ndom��ify and ho�d harmless E,ender, its directors, , :;,:< _.°;�.,� ,�,..•-
<br /> �,�-�1 o!liaera, emplo��ee� and agents, and any suacesso�s to T,ender s . _._:+`:,,; ;..
<br /> � '������ interest grom ansi aqair�st any and all claims, damagea and ,, , . ,:,
<br /> , ,,„ .
<br /> '�1; liabilit�,oa arit�ing ia� connect�on with the presence, use, ,.;,.,;,;,. +����'�
<br />- storage, dis��osal or tranepo�rt o! any Hazardous Materials on, � ::•�
<br /> ,•�...:,,..,
<br /> � under, from ox about th� Froparty, inaludinc�, without limitation�, ;:.,. ,,.
<br /> - .��` (a) a11 da�nagaB directly or in83rectly arising out of the use,
<br /> .,,.,�, ..
<br /> •.:±... genesation, �toraa�e or disposal of Hazardoua Aiater�.ala b
<br /> Borrower or nny prior owner Ar operator af the Property, and (b�
<br /> : all aosta o� any requireri ox neceas�a an reclosureclorn other ' �.. _
<br /> � detoxiti.aation anc� �he p�e�aration o 3t �,;,.,,, ,
<br /> �_,__� _,_.._ �.�.e��,e�. e�,� aet3 ept is rsuuired or necaesary
<br /> .. ..-.�-_-- = L�atat cva t+aw.sw� .. �. ---- -- --- � -
<br />- � prior to or following�transfer of title to the Property, to the �-�-�
<br />� full exton� that such action is attributabl�, directly or
<br /> indireatly, �o the presenae or uae, generation, stoxa e, release,
<br /> thr�iatened Kolease or disposal of Hazardous Mater�ale by any
<br /> �erson on t2ao Propezty prior to tran�ter of title thereto by
<br /> Lender. Tlie toregoing warranties and representations, and
<br /> Borrower's nbligations purauttn� to the foregoi.nq indemnity shall
<br /> � survive ropaymont o! the 3�1ote and tha reconveyance of th�s Demd
<br /> o! Trust.
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