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<br /> exccutcd f��r ihc purpcwc uf cresting,r�cuting ar guarantying thc Sc:cured Dcbt. A g�xKl�tnittw hclici hy I.�:nckr t hat
<br /> L�:ndcr ut��ny umc is insccE�r.,with resJ�ct tc►any�xrstm or enuty ohlig�►ted un Uie Se:curcd 1Jebt or thnt thc prns{xct
<br /> af�►ny puy►nent ur Q�c valuc of�hc Hro{x:rty is impalrcd shall nls��constitutc an cvcnt c�f detault.
<br /> IS. R�:MF;1)1�1 aN 1)I�:FAU1.7'.In u�mc inst�►nces,fedcral und statc I;iw will r�:quirc l�:ndcr ta providc Cir�u�tor wilh
<br /> nutice <�t the right t�r curu c►r other nntices and may establish timo schcdules for f�xccicnuru.�ctions,tiubjcct to thrse
<br /> limita�tiun�.it:►ny, i.cndcr muy u�:ccicrntc Ihc SccurcJ Ucbt and f��rccl��sc this Security Instrumcnt in a rnanncr
<br /> provided by lew it Grnntor is in Qctiiuh.
<br /> At the c��ti��n ot lw:ndcr,aU or:►ny p:trt oF the agreed fces and charges,accru�:ci interest and principal shnll t�ca�me
<br /> inu�icdintcly duc und pi�ynhlc, a�ficr giving nuticc i[ rcquired hy Inw, upon thc �xcurrcnrc: of a dtfauU or r�nytimc
<br /> thcr�uftcr. In ndditiun,l.�ndcr shull Iw entiNcd to all�he remc.�ics providcd by li�w,ihc tcrms�iP thc Securcd Deht,
<br /> this Sacurity Instrumcnt and any rclaicd d��cumcros,including without limiteti�m,thc pnwcr to seil thc Froperty,
<br /> I(there is.�dcfault.'Trustec shell,in addition ta.+ny othcr pormitted remcdy,�t thc requcst of thc I.endcr,ad�•criist:
<br /> and scll�hc Nro{xsrty i►s a whulc or in sep�ruc parccls ut public auctiun to�li� highcst biddcr for a�sh and convcy
<br /> iihsolutc tiUc frcc und cicar of all right,tlttc nnd intcrost of(irantor at such timc i�nd plucc ns'IYustcu designHtcs.
<br /> 'Trustcc shzdl givc m�ticc of salc including thc timo,tcrn�s and plucc:ot sulc and n dc.ticrlptian of thc pmperty to bc sold
<br /> as rcquired hy thc:�{+�liciiblc lew in cffccl at tlic tim�c►f thc�ropou:d s��lc.
<br /> Upon salc of the property and to the extcnt not prohihi�.ed i1y I;�w.'1'�ustec shnll m�ke and dcliver n dced w the Pro�:rty
<br /> u�ld which rnnveys�b�lute tiUc to thc purchnser,�►nd atter lirst Ra.ying all fec;s,churges and costs,shull pay to Lender all
<br /> mnneys advanced for repnirs,tnxcs,insurance,liens,assessrz�cnts aod prior encumbrances and interest thereon., and the
<br /> principal nnd intcrest on thc Sccurcd Dcbt,{nrylug iir,�;su�:plus,ef eny,to Granror.[.c:ndcr may purchasc tbe Propert}�. ��
<br /> 'fhc recitals iu any decd of convcyanw shall tx:��rima f�cie evidence of the fucts set forth therein.
<br /> A!! �.•�ncc�ics;�e•e distinct,cumulativc and not exclusive,and thc L�:nder is entiUcd to all rcnaedi.c�s pruvi�lc.d at law or
<br />' ��ur,ey,xhether or not expres.sly set tarth.The�cceptaur.c by I,ender of any sum in paymcnt ar. ���rtial paymcnt on thc
<br /> 5����a�red Debt after the balance is due or is occelerated or after fareclosure pmcecdings are Cled shall not cunstitute a
<br /> �+ti•uiver of Lcnder's righe tc��:quire compl�tc cun of any existing default.By not cxercising any rcmcdy on Grantor s
<br /> dcfault,Lender dces not H�aivc Li:ndcr's right to latcr rnnsider thc cvcnt a dcteuls ii it continues or happens again.
<br /> 16. EXPENSES; ADVANCES ON COVENANTS;ATTORNEYS' FE�:S;COLLECTION COSTS.Except when
<br /> prohibitcd by law,Grantor agrecs to pAy all of L.cndcr's cxpenses if Grantor brcaches any cavcnant in this Sccurity
<br /> Instrumcnt.Grantor will also pay on demand any amaunt incurred by L.endcr for insuring,inspecting,prescrving or
<br /> otherwise protecting the Property and l.cndc�s security inte►�st.Thcsc cxpenscs will bcar interest from ihc datc of
<br /> the payment until paid in full at the highest interest ratc in effcct as provided in the tcrms of the Secured Debt.
<br /> � Grantor agrees to pny all eosts and expenses ineurred by Lender in coiteccmg,eR[orcing oC piuiec[ing L.�t►Ser�y�ibiit5 `
<br /> • and remedics under this Security Instrument.This amuunt may include,but is not limited to,attorneys'fecs,court
<br /> • costs,and oti�e�legal expense:.This Security lnstrurnent shall remain in eftect uitii releas;:d.Grantor agre�s ta �ay
<br /> for any recordation cosGs of such relcusc.
<br /> 1Z ENVIRONMENTAL LAWS AND HAZARDOUS tiNBSTANCES.As uscd in this u:ction,(1)Environmcrnal Law
<br /> r.ra�.ans,without limitatan,e�e Comprehensive Envir�r:ra;ental Responsc,Compensation and[.inbility Acc(CERCLA,
<br /> a? U.S.C. 96U1 et scq.),and all other federal, stAte a�r,d local laws,regulations,ordinances, eourt order�, attorncy
<br /> . gen�ral opinions or interpretivc lettcrs concerning the public health,safcty, �velfare, environment or a halardous
<br /> - substance; and (2) Hazardous Substunce means any taxic, radiaactive or hazardous material,waste, pollutant or
<br /> = contaminant which has characteristics which render the suUstanec�langerous or potentially dangerous to the public
<br /> hcalth,safery,welfare or invironmr,nt.'Che term inelaacles,withoat limitati�n.any substanccs defined as"ha��rdous
<br /> material;'"toxic substances,""hazardous waste"or•`h��xrdous substancc"under any Eavironmental Law�.
<br /> ? Grantor represents,warrants and agrees that:
<br /> ` A. Exc:ept as previously disclaxd and acknowledged in writing to l.ender,no Hazardous Substance is or will be
<br /> locttted.stored or releASed on or in thc Property. This restriction dces not apply to small yuantities of
<br /> ' Ha�ardous Substances that are generally recc+,�,mizcd to be appropriate for the nonnal use and maintenancc of
<br /> the Property.
<br /> B. Exccpt as previously disclosed ancl.ncknowledgcd in writing to Lcnder,Grantor and every tenant have been,arc;,
<br /> '�` anck s+.:,�:�f remain in full compliance with any applicablc Environmcntal Law.
<br /> C. Grant�z shall immcdiatcly notify Lcnder if a releasc or threatened relcusc of a Hazardous Substancc uccurs on,
<br /> onder or nbout tlie Froperty or there is a violation of any Bnvironmental Law concerning the Property.[n such
<br /> ` an event,Grantor shall take all necessary remedial action in accordance with uny Environmental Law.
<br /> ;y !a. GrAnt�r shall irnmediately notity Lender in writing as soon as Grantor has rcason to believe thcrc is any
<br /> ;': �r,�c�+n.g or thrcatcned invcstigation,claim,or proce�ding relating to thc release or threatencd release oF any
<br /> �.� Ha��vdous Substance or thc viol�eavn uf any Environmcrnu��9.aw.
<br /> '''� 18. CONDEMNA'I10N.Grant�r will give Lendcr proxnpt n�tice of any pending or thrcatened action, by�private or
<br /> ' ;pnblic entitics to purchase or take any or ail of tl�c +Property through condemnation,eminent domain.or.iay othcr
<br /> means.Grantor authori�.es Lender to intervene i.z Z;rantor's name in any of the abovc described actiona ot claims.
<br /> ;��: Grantor a�igns to Lender the proceeds c�f:iny t►w�.•sl or claim for damages connected with a condemnation or other
<br /> '.� taking of�3��cv.r 2ny part of the Property.���sr9e pr�acecds ehall!x:cuns+dered payments and will�r applied ns provided in
<br />=',;� this Secur�ry x�::trument.This assignmee�E ai prcrc::e�s is subjccG Gcn�t'ne terms of any prior arao�gagc, dccd o[trua�C,
<br /> � sccurity agner,nent ur oxhcr lien document.
<br /> �• 19. IN5UIZANCE.Grancmr s�3all kcep i'roperty inswred against loss by tire.i;Iw�eL theft and other har.�r,c�s ��.A rr.sks
<br /> reasonably associated witri the Property due ro its type and location.This�nsurance shall be maintained itu r.'Is_ .tmx�wnts
<br /> and for the perials that l,cnder requ�ce:s.The insurance carrier providinb thc insurancc shall bc chosen by Gratas¢�Q
<br /> subicc�to Lender's annroval,which sL�,all not be unreasonably withheld. If Grantor fails to maintain the coverage
<br /> described alxive,�ndcr may,at Lertdcr's option,obcain soveragc to protect L.:nder's•rights in the Proper�.y aocord�ng
<br /> to thc tcrmsof this Sccurity Instrumcnt.
<br /> All insurance policies and renewals shull be acccptable to Lender and shal{inctude a standard"mortgage clause"and,
<br /> wherc applicable,"loss payec clause."Granror shall immediately notiFy L.e:nder of cancel�ation or terminationof the
<br /> insurancc. Lender shall have the right to hold thc policics and renewals.If Lender requ'rres.Gsantor shaU immcdi•atcly
<br /> givc to Lendcr uU rcccipts of paid premiums and renewal notius.Upcm loss,Ccrantor shail givc immediatc ndice ta
<br /> the insurance c�rricr and L.ender.L.ender may make proo[of loss if not mudc immcdia[eIy by Grintor.
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