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<br /> 14. DEFAUI.T.Truator will be In defnult lf any parcy obligated on the Securat Aebt fulls to makc payment when duc.Trustor
<br /> wlll be in default lf a brcach occurs under the terme af this Secutity In,stn�ment ar any other document executed for thc
<br /> purpose of creating, securing or guarantying the Securod Debt. A gaxi f�lth belief by&neficiary that Beneficiary at any
<br /> time i9 lnsecure with respect ta any person or entity obligaced on the Secured De6t or thut the prasp�ce of any paymene or
<br /> the value of the Propcny is impaired shall also constitute an event of default.
<br /> 1S. RFM�DIFS ON AEFAUI.T. ln some instances, federal and state law will rcquirc Bcncficiary to provide Tnistor with
<br /> notice of the right to cure or other noticea and may establlsh tlme schedules for foreclosure acnons. Sub�ect to these
<br /> limitations, if any, &neficiary may accelerate the Secuted Aebt and foreclose this Security lnstrument in a manner �
<br /> pravided by law if Truator is in default.
<br /> At the option of Beneficiary all or any pArt of the agreed fas and charges, accn►ed interest and principui shall hecome
<br /> immedlately due und payable,,after giving notice if required by law, upon the cecurrence of a dofault or anytime
<br /> thereAfter. In addition,Beneficiary sh;:il be entitlecl.to a].l thc remedlas pravided by law, tlie terms of tlia Sccured Debt.
<br /> this Security instniment and any reletec2 docwr��s,�nctu�diAB w►thout limitation,the power to sell the Property.
<br /> °-�--- '°°default, Tn!stRe shall. in arldi.r.i.on tq an other permitteQ r.emedY� at tl�e re uest of the Beneficlary, adveriise
<br /> ii uac�v ,a.a � --
<br /> aud;selt tlze Propeny as a whole or In separace parcets at puv�ic auciiou eo�e uigke5t bi der f�r cash and convey absolute
<br /> titte fret and cleu of all right,tltle and interest af'�sustor at such time ana�Iace�s Tnistec designates.Truscee shall giv�
<br /> a�plicableslaw ln effecBat tk�e t�im�of h�opo ed$ate�e and a description of�.iz pr�perty to be sold as required by the
<br /> Upon sate of the property and to the eatcnt not prohiblted by law,srustee shall makc and drl�yer a deed to the Propert�r _._
<br /> so]d which conveys absolute title to the purchaser, and after first paying all fees, charg�s and casts, shall pay to f
<br /> Beneficiary all moneys, advanced for repairs, taxes, tnsurance, liens, assess►nents and prior encumbrances and interest
<br /> thareon, and the princtp e�i��s��n��y de d�of con y ancetshall be pr'hma faojel�e'vidc•n�ce of he facts setBorthlthe cin�x
<br /> pucchase the Property.Th
<br /> All remed'►es are dxstinct. cumulative and not exclusive, and the B�neticiary is entitled to all remedtes provided at law ox
<br /> equity,whechar or not expressly set forth. The acceptanee by Bcnzfir.iary of u►Y sum in payment or pan►a1 paYment on the
<br /> S�cured Debt after the balance is duo or is accelentcd ar aft2s toreclosure prc�edings are filed shall not constttute a
<br /> waiver of&neficiazy's right to require complete cure of any erciszing default. By not exercising any remedy on Trustor's
<br /> default.Benefictary does not waive Beneficiary's right to later cansider the ev�nt a default lf it continues or hagpens agein.
<br /> 16.E�X�N��; !sD T�CES V�co�p:vEaNll�ofrT3eneficTTary'�P�nsesFfFTrustor�brLeache�any �OSTS.i Ethlsp$ecur'tty
<br /> Instcument.�frustor will also pay on demand any amoun[ tncuaed by�Bcnciiciiu�+ f�t it�ar'stt .i:��ti*�g. g?��n+in¢vr
<br /> othenvise protectd lnfulla�heyhi�hes�interes�ate�in eff t as provided in hIc terms of�c�Secured�Debm Trustor agcees
<br /> payment until pai 6
<br /> to pa. �ll coscs and expenses incuned b��y Deneficisry in,collecting, enforcing or protxting &neficiuy's rights an
<br /> ;�„�:��u^der!hi���l�icy Inscrument. 'Iliis amount may mcludc.t�ut is not limited to. attorneys' fees, court co��ts,p�d
<br /> other legal CEpCRSC�. Ti11S Secunry Instruuicui aunii iatnaue Iti siieCt uuiil ioicuid�S. TiaiiQGC n�SCw� iv' N�f .�. ---..
<br /> recordat[on coata of such nlease. � '
<br /> 17.ENVatONMEIV'i'AL LAWS AND HAZARDOUS SUSSTANCFS. As used in this section, (1) Environmental Law
<br /> means� without llmitation, the Compnhensive Env[ronmentol Response, Compensacion and Liabllity Act(CERCLA, 42
<br /> U.S.C. 9601 et seq.), end all other federal, stnte and lccal lsws, regulattons, ordinences, court orders. accomey g��2
<br /> opinions or tnterprettve letters con ox'►cn$radioactivehor�haiardous mst r�iel�wasie�nliutanh o87r on[aminant�which has
<br /> Hazardous Substance meana anY
<br /> chuacteris[ics which render the substuice dangerous or potenttally dengerous to e public health, safecy, welfare or
<br /> envlronment. The term includes, without limltation, any substana� defined as 'hazardous materie�l," "toxic substances,'
<br /> "hazarclous waste"or"hazardous subs[u►ce"under any Environmental Law•
<br /> Tcustor represents.wnrrants and agrees thar.
<br /> A.Except as previocsly disclosed and acknowledgal in,�s�re tgicion deoes noi�ap ly to small quantit ecs of Hazardous
<br /> located, stored or released on or in.the Propercy. .
<br /> Substances that aze genecally recogmzal co be ap ropr►ate for che normal use maintenaace of the Pmpecry•
<br /> in writin to Beneficia ,Tn►stor and every tcnant have bxn,are.
<br /> g,Eacept at previously disclosed and acki►owledg F� rY
<br /> and shall cemain in tull compliance with any appl[cable Eav ronmeatal Law.
<br /> C.Tiustor shall immediately nottfy Beneficiary if a rclease or threatened release of a Hazardous Substance occurs on,
<br /> under or about the Property or there is a violation of any Environmental Law concerning the Property. [n such an
<br /> event,Trusror shall take all aecessary romed9al action in aceordance with any Envimnmentel Law.
<br /> D.Trustor shall immediacely not3fy Beneficiary in wdting as soon as Trustar has reason to believe there is any penc��Y+b
<br /> or tlu�eatened investigation, clalm, or proceeding relating to the releau or threa�ened release of any Hazar�vus
<br /> Substance or thc violauon of any Environmcntul Law.
<br /> — 18. CONDEMNATION. 3'n�stot will give Beneficiary prompt nottce of any pending or threatened action,by private or public
<br /> —' entities co purchase o.r ts�Cen2�t�ene!i QTrustor's na�nc in any ofnh abovend scr ix-d ec�imonis or claiYin.at Trust�ot�ssTBns�ro
<br /> -- authorizes Beneftciacyr to i
<br /> 13eneficiary thc pracee�ls of any�v+ard or cl�im for damages connected wlth a condesn�ti�onao�rp�ided ing this�3xurtry
<br /> — part of the Proport�+. Such proceeds sball be consicicred payments and will be app
<br /> — Instrument. '1'his ass�gnment of ptticceds is subject co the termx of any prior mortgage,deed of trust,security agreement or
<br /> other lien dvcument.
<br /> 19. IN5CTiRANCE.Tn�stmr shnll keep Pruperty insured againsc 3�ss by fire,flood,theft and oaher h�ards and risks reasonably
<br /> — associated with the Praperty due to its type and locatwn. T��s ins��rance shall be maintained In the amounts a�ct for �he
<br /> pertods that Beneficiary requires. The insurance carrfer proe�.iiling che insus:uice shall be chosen by Trusear s�et+aeci��o
<br /> --� &neficiary'r a�proti•al;whinh.,:�i-���R,��bne on�obtain eyover�e to prouct Beneficiary'sttrightsi n he Fiopergty acco ding
<br /> .�� $OOVE� DCllCIIGUU, tuw)� u• �.•"'-'—♦ ' '• .
<br /> '`; to the terms of th�s Security Instmment.
<br /> All insurancepolicies and renewals shall be acceptable to Beneficiary,�uid shall include a standard"mortgage clause' a�id.
<br /> where appllcable, "loss payee clause." Truscor shall immed[ately noufy Beneficituy of cancellation or termination of the
<br />- � insurance. Aencfici�ry shall have the right to hold the poltcies and ►tinewals. If &neficiary �quTivstor shall g v�e
<br /> — immediately give to Aeneficiary all receipts of paid premiums and renewal naticcs. Upon loss,
<br /> ica�ediate notice to the insura�nce carricr and Beneftciary, Beneficiary may make proof of loss if not made immediately by
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