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<br /> cxecutrd 1'�►r lhc purposc of crc.�ting,sccuring ur guarmtyin�t thc Sca�rrrcl f)rht. A j:uud l;�iih bclicf hy LcnJcr thul `.
<br /> Lcndcr at any timc is insccurc with respcct tu any person ur cntity uhPiga�.�:cl un tl►r ticrurad Dr.bl ur�hat Utic praspcc� J
<br /> of any paynunt or thc valuc uf tlic I'rup�rty is imp�iircd shall alzu cuii„l.itwr.�;:u�cvcnt uf Jcfaull.
<br /> 1S. RfMls'�I�:S ON l)Ei�AULT,ln sontc instanccs, fcJcral anJ st:itc ha�,r uri�A rryuire Lrndcr io pruvidu Grant��r witl� °
<br /> , " noticc ut tFic ri�;ht to curc c�r other noticcs and m��y csti�blish �imc scit�:d����:s f4�r (orcclusurc fictiuns.Suhjcct to tl�rsc ,° ��.
<br /> limitiitions, if .�ny, I.cndcr may acccicratc th�:Sccurcd [)cht and fc��:rcl�.+���: :liis tircurily Instrumcn� in �� mann�.r
<br /> „ providcd by I��w if Grantor is in dcfault. ^
<br /> ..' At thc option ui l.rndcr.nll ur�iny part of thc agrcrd Fres and ch�ErZ;cs..A�:crucd intrrcst i�nd principal shull hrcomc ,
<br /> ,..s immcdiatcly duc and payahlc.,iftcr giving noticc if rcquired by 6E�+v. upon thr urrurrcncc uf a dc(auU ur anytimc -
<br /> ` ` .,,, thcrcuftcr. In addition.I.cnJcr shaU bc �ntiQcd tu all thc rcmcdics�,ruvirl�:d hy la�v,thc term4 ut thc Sccurcd Dcht. •"�•;�:
<br /> this Sccurity[nstrument anJ any rclutcd d�cumcnts,including withcr�it lum�ta�tion,thc�owcr to scll thc Prancrty. • . ,;�
<br /> If therc is a dc[ault.Trustec shall, in addition to any othcr permittc�� rrnacdy,at thr rcyuest uf the Lendcr,advcrtisc -�-,�;��:
<br /> und scll the Prapertv as�i whole or in s�p�rat�pare�ls .�t public aw:t;u�n t��tl�c I►ighrtit bi�lder fur cash unJ cu��vcy , ;._
<br /> - . absolutc titic frcc and cicar ot all right, titic and intcrest of Grs�niear at s�ach timc itll(J 4)IhCO fl5 TfUStI'L' llCtit�.!tli1IL'S. �-�
<br /> . � Trustcc shall givc noticc of salc includin�thc timc,tcrms�nd pincc+�f. salc a�d a dcscription of thc properry to hc sold :v=;�--:�=—
<br /> � as rcquircd by thc applicablc law in cffcct at thc timc of thc proposa;d sate. � h`
<br /> �:��:
<br /> � Upon salc of thu property and to thc rxtcnt not prohibited by luw,T�-�:;b.c sirill makc and dclivcr u d�:cd to thc Property ��;�r;.�'�'
<br /> sold�vhich convcys absolutc titic tu the purchascr,and aftcr fitst payii��all fres,chargcs and cusls,sh�ill p�y to Lcndcr all ->:�
<br />- `' �� maneys advanced for repairs.taxes,insurance,liens,assessments a�t�a prior cncumbrancrs and inleretit thcrcon,and the T`f.,;
<br /> principal and interest on the Secured Bcbt,paying the surplus,if���►�, to Gruntor.Lender may purchasc the Prc�ncrt��. �ry
<br /> The recitals in any deed of conveyance shall be prima facie evidenc�:o!t]e�faicts set furth therein. �,'. ,,
<br /> i a4X�t. �.- '
<br /> All rcmedies are distinct,cumulative and not cxclusivc,and the �..cn��:r is entiticd w all remcdics providcd at luw or . �c�.
<br /> equity,whether or not expressly set forth.The acceplancc by L.ctt�!�:r of:my sum in paymcnt or pariixl�,;+ymcnt::h th� �_,, -�;�*'
<br /> Secured Debt after thc balance is due or is accclerated or aftcr foreclosure proceedings are filr.d shall not cunstiuite a
<br /> waivcr oF Lender's rigF�t to rcquirc complete curc of any cxistina�leCar.�lt. By nnt cx�•rcising iiny rrmcdy on Grantor's ���•-
<br /> • 'Y� �__•v:�,•.
<br /> default,Lendcr docs not waive Lendcr's right to later consider thu eve�nt a drlault if it continues or hnppens again.
<br /> . 16. EXPENSES; ADVANCES ON COVENANTS; ATTQRNF'1fS' F1EES;CUI.LECTi01�1 COSTS. Exccpt whcn ��=��-
<br /> prohibited by law,Grantor agrees to pay all of Lcnder s expen�u:s if Grante�r breaches any cuvenant in this Security L°''�'"_
<br /> s Inserument.Grantor will also pav on demand any amount iucu+�res l:�y [.��adcr for im�irin�,in�{�ecting,presctving oj� �'- •'�
<br /> othenvise protccting the Property and Lender's security intcrc��t.7lccsc expcnses will bcar interest from chc datc of
<br /> � the payment until paid in full at the hichest intcrrst ratc in c€Gzct u:;pruvidcd in the terms of the Sccurcd Debt.
<br /> ° t�rantor agrees to pay ail costs anci expe�ses incurred by undar in coitecting,enforcing or�rotecting i.ender's nguts —
<br /> ,� and remedies uttder this Security Instrurnent. This amount mny iiicl�de,but is not limitcd to, nuorncys' fees,court
<br />_� .;.:;,,� " wsts,and other legal expenses.This Security Instrument shalt rcai�ii�n in eUect until rcicased.Grantor Agrces to pay �:
<br /> ,�;';.,'`.,,. for any record�tion costs of such release. �.
<br /> � '"`'k'��`''_� 17. ENVIRONMEN'CAL LAQ'VS AND HAZARDOU3 SUBSTAeMC�S.As used in this section,(1)Environmcntnl Law
<br /> , means,without limitation,the Cumprehensive Environmcntal Rc9�iornsc,Compensalion and Li�bility Act(CERCLA,
<br /> � � 42 U.S.C. 9601 et seq.),and all othcr federal, state and local I�iws, regulations, ordinances, aourt ordcrs,attorney
<br />�� '' general opinions or interpretive letters concernin�the publiu h�:alch,safety,welfare,environment or a ha�ardous
<br />" ' '" _ substancc; and (2) Hazardous Substancc mcans any toxic, rsc7eoactivc or hazardous matcriAl, �vuste, r��liutant or
<br /> , .- contaminant v+hich has characteristics which rendcr the substaar.r dt�n�crous or potentially dangcrous to e6e public
<br /> . hcalth,safety,welfare or environment.The term includes,wi�Jt��ut liiiiitation,any substances defined as"hazardous
<br />;���r�,,•�.•, material;'"toxic substances,""ha-r.ardous waste"or"hazardou�+sul�starece"undec any Environmental Law. �--
<br /> �;�p�;R,,�� Grantor represents,warrants and agrees that: --
<br /> ''`. '=�••f��: � A. Except as previously discloscd and acknowledged in writiit�to Lendcr,no Haxardous SuNstance is or will be —
<br />}����'''�;`"���•Y located, stored or released on or in the Property. T(tcu restriction does nat apply lo small quantities of --
<br /> _�:- . �:.;:!,. , --
<br />�;.�;y�ri�.<<.�'.,;o Hazardous Substanres that arc gcncrally rccognixcd tQ lae appropriale for the normal use and maintcnance oP —
<br /> _ .��. ihe Ptoperty.
<br />-=�.t.��y�>�� �„ B. Except as prcviously disclosed pnd acknowlcdged in writin�tm Lendcr,Gram�r and every tenant have heen,are. —
<br /> � and shall remain in full com liance with an a ltcable Es2viro�retental Lativ.
<br />_'"��''z�,"��"'S'ry 1 C. Grantor shall immcdiatel noti L.ender if a e!ase or t[u�eat�rt�d release of a Hazardous Substan:,e orcu�x on, W
<br /> -_�_:c;•.�kf.°,::::, �' Y fY _
<br />___ti��,;,�,��.,r t•� under or about the Property or there is a violation of any Environmental L.a�v conccrning the Property.[n su�h _
<br />_-"`�'��=- �� an event,Grantor shall take all necessary remedial action in accordunce witli any Envirconmental La�v. = -
<br />-r �,! .....^ • . _
<br /> •,r.ni D. Grantor shall immediately notify Lender in writing as soon as Graintor has reason to believe there is any _�
<br /> ,'Hr'��.���.ti. pending or threatened investigation,claim,or procceding•rclitcan�to the rclrasc or threatcncd releasc ot'any
<br /> '•,,,,? ,: Hazardous Substance ar the violation of any Environmen�a!La�N. �'•'"
<br />- � 18. CONDEMNATION. Gr�ntor�vill givc Lcndcr prompt noticc s�f any pending or thrcatcncd action, hy pri��utc or =-__-
<br />_• • public entitics to purchase or takc �ny or all of tlte Property thrUUbfti condemnation,eminent domf�in, or.iny uther � —
<br />_ means. Grantor authorizes Lc:nder to intervene in Grantor's na�?tc itt any uf the abovc descrihed .ictions or clnims. - ----
<br /> Grantor assigns to Lender the proceeds of any award or claim[crr cia►ttnges connected with a condemnution or other "�'�'���::,.r
<br /> ���ya;�':::,=
<br />- �';.'���. , talcing of all or any part�f the Property.Such proceeds sfiall be con�;idcr•ed payments and will be applied as providcd in , .;t,,�7,�:,,�:-•_
<br /> � %"•��`� B�his Security Instrument.This assignmont of proceeds is subject t��t3ce tcrms of any prior mortgt�gc, dced of trust. ����'E�U'- -
<br /> _ .,�-.•! �,� . '•.4 y�{U:�an.
<br /> ;'.�;� security agreement or other lien documcnt. f•�._._=:
<br /> . .. ,r.:-
<br /> ➢9. INSUBANCE. Grantor shall kccp Pr�perty insurcd against loss by �rc, tlood, thcft and oit�er hazards and risks • ��,:<<:-
<br /> - reasonably associated with the:Propeny due to its type xnd loc:ition.';tii�;�r,�uranc�ahxH bn in�.intuined in thr amounts '•:�'':� -'1'
<br /> - ;- ' � and for the periods that Lender requires.The insuranee carrier prcvic�in6 thc insuranec shall bc cho�en by Grantor "'•It�:-"'
<br /> • � �,�.
<br /> subjcct to i.cndcr's approval, which shall not Nc unrcasonablv�vitttheld. If Gr3ntor tails to �neint��in thr covcr:�vc " '��+�.++?;`:
<br /> -- -
<br /> - -- -
<br /> - - -• - ,-..__,�_
<br /> � dcscn c a ovc.L.c:n cr may,at Lcndcr's option,ohtain covcragc tn•E�i•otcct L�ndcr's rights in thc l�roperty according ' '•ii?'if'
<br /> • to the t�rms of this Security Instrument. �
<br /> __ All insurance policics and renewals shall he acccptable to Lender an�t sh;�ll includc.i standard"murtg.igc clause"and,
<br /> whcrc applic�blc."Ioss paycc clausc."Grantor shall immcdiatcly no�:t�v l.cndcr of r;�nccllation vr tcrmination of thc
<br /> - insuranec.Lcndcr shall havc thc right to thold the policies and renc�va[t+. It L,cnder rcyuirc5.Gramur shall immcdiatcly �
<br /> givc to La:nder all rcccipts of paid prcmiums and renewal nutices,Up�m loss.Granti�r shall�;ive immediale nutice to
<br /> -- ' thc insurancc carrier and Lc:ndcr.Lcndcr rnay makc prouF uf luss il'n��t nui�ic imnudixtcly hy Gr.�ntor.
<br /> _ ' . , (page 3 of 4)
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