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<br /> 98-- i«sa�rs
<br /> �xecuted for the purpo�+e c�f creating,sccuring or guaruntying thc Secw�cd Dcht. A gcxxl fuith�:licf by l.�:ndcr th�t
<br /> T..<:ndcr xt xny dme Ir in�cure with respcct to any person or cnlity obliguted on Ute Sesured Dcht ur th�l lhc prus{x:c►
<br /> of t►ny paym�nt or the vuluc af the Pro�x:rty Is impaired sholl niso conwtitutc an event uf dcfault.
<br /> 15. RE:M�:p1E:S UN DF�AUI.T.In M�mc instxnces,fcderal and stxtc Inw will requirc[.cndcr to pr�wide Cirantnr wlth
<br /> noticc nf thc right to curo or�Nhc:r noticca and may cxtablish dmc �chedulc�tor forecicxurc actions.Subjcct tu thcx�
<br /> Ilmitulinn.r•,if xny, I.cndcr may i+cccicrutc thr. Sccurcd Dcht �md G�rcclo.r•c this Sccuriry Instrumcnt in n menncr
<br /> provWed by law if Urantar is in Jc:lnul�.
<br /> At thc op►ion ut l.cndcr,all or xny pert of thc ngrecd fecs and churgcs,i�ccrucd intcrcy�nnd principal shull tx:cumc
<br /> immcdixtcly duc and paynbic,nttcr giving noticc if rcquircd by luw, upan thc occurrcncc of�+default or nnytimc
<br /> thcreafter.ln uddition,L.endcr shall he entitled to all ihc remcdics provided by law,thc terms uf the Sccured pebt,
<br /> this Sccurity Instrumcnt and any rclAtcd dacuments,including without limitation,thc powcr to scll thc PruEx:rty.
<br /> If there is n default,Trustec 3hall,in addition to nny othcr permitted remedy.at thc request of the I.cndGr,advcrtisc
<br /> and sell the Praperty as a wholc ar in separate parccls at public auction to the highest bidcicr for cash nnd canvey
<br /> absalute title free and clear of all right,title and interesl of Grantor at such time and place as Trustee designates. _
<br /> Trustee shall give notice of s�le including the time,terms and place of sale and a description of the propr.:rty ta be sold
<br /> as��auired ts;�thc�pplicwblc la�v in cff�ct at thc timc of thc proposed�ale. _
<br /> Upon sale of thc property nnd to the extent not prohibited by law,'I'rustce shall make and deliver u decd to the Property
<br /> sold which comcys absolutc title to the purehaser,and after first paying all fees,charges and costs,shaU Nay to Lender all
<br /> maneys advanced tor repairs,taxes,insurancc,liens,assessments and prior encumbranees and interest thereon,and the
<br /> principal and inter�st nn the Secured Debt,paying the Surplus,if any,to Grantor.L,cnder may purchasc the Property.
<br /> The recitals in uny dced of conveyance shall be prima facie evidence of the facts set forth thcrein.
<br /> All rcmedies are distinct,cumulative and not exclusive,and the Lender is entitled to all remedies�rovided at law or
<br /> cquity,whethcror not expressly set forth.The acocptance by Lender o�any sum iii pay�i�ent or�ua�ral paymcnt on thc
<br /> Secured Debt after the balance is due or is accelerated or after forec[osure proceedings are filed sh:ill not ca►stitute a
<br /> waiver of Lendcr's right to require cumplete cure of aay existing default.By not exercising any remedy cuz Gr�tor's
<br /> default,I.ender does nat waive Lender's righl to later consider the event a default if it continues or Itappens a�1in.
<br /> 16. EXPENSES;ADVANCES ON COVF.NANTS;ATTORNEYS'�EES; COLLECTlON C�STS.Except whon
<br /> prohibited by law,Grantor agrees to pay all of I.ender's expenses if Grantor breaches any co�enant in this Security
<br /> Instrument.Grantor will also pay on demand any amount incurred by I.ender for insuring,ins��ting,preserving or
<br /> otherwise protecting the Property and L,ender's security interest.These expenses will bear intesest trom the date of
<br /> the payment until paid in iull at the highest interest rate iu etfect as provided in the terms of the Secured Debt.
<br /> uranior agrees to pny eti casts and e�:.ns:.�ir.cun�s3 by Lender in collectino,enfor�ing or prc,��c�ino i.ender's ri¢hts
<br /> and remedies under this Security Instrument. This amount may iaclude,but is not limited ta,attdmcys' fees,court
<br /> costs,und other legal ezpcnses.This Security Instrument shall remain in effect until releasecf.:Grantor agrees to E�ay
<br /> for any recardation costs of such release. .
<br /> 17. �IWIROIL'i�7�C�ni.i.e+no AI`.^u::.-S.°..'�.°n'n�ic fi(71lSTANCFS.As used in this section,i�)�'nvironmental Law
<br /> means,without limitntiun,the Comprehensive Environm�ental Res�nse,Compensation and Liabilily Act(e:�;��l.A,
<br /> 42 U.S.C.9G01 et seq.), and all other fedcral, state and local laws,regulations,urdinances, cc�urt orders,uttorney
<br /> general opinions or interpretive letters concerning the public health,safety,welfare,enviranment or a hazardous
<br /> substance; and(2)Iiazardous Substance means eny toxic, radioactive or hazardous material,.waste,pollutant or
<br /> mntaminant which has cheracteristics which render the substance dangerous or potentially dangerotu9 to thc pubiic
<br /> health,safety,welfare or environment.The term includes,without limitation,any substances deGned as"hazerdous
<br /> ' .malerial;""toxic substances;'"haxardous waste"or"hazardous substance"under any Envirarmental Law.
<br /> �Grantor represerts,warrants and agrees that: � � ,�_
<br /> A. Except a�s previously disctosed and acknowledged in writing to L.ender,no Hazardous Substance is or wilt be •
<br /> located,stored or released on or in the Property.This restriction does nut apply to small quantities of ' ,,,
<br /> Hazardous Substances that are generally recagn+zed to bc appropriate for the norma!use and mai�lenance of
<br /> the Property.
<br /> B. Except as previously di�closed and acknowledged in writing to Lender,Grantor and every tenant have beer,arc,
<br /> and shall remain in f�t11 compliance with any applicable Env�ronmental Law.
<br /> C. Grantor shall immed9ately notify Lender if a release or threatened releasc of a Hazarclous 5ubstance occurs on,
<br /> under or about the�'roperty or there is a violation of any Environmental Law«�ncetrling the Property.In such
<br /> ' an event,Grantor shall take all necessary rcmedial action in accordancc with any Environmental I.aw.
<br /> D. Grantor shall immediately notity l.cnder in writing as soon as Grantor has reasur,io believe there is any
<br /> pending or threatened investigation,claim,or procceding relnting to thc release or th��eatened release of any �
<br /> Hazardous Substance or the M�l�tion of any Environmentdl Law. �
<br /> IS. CONDEMNAT[ON.Grantor will give Lender prompt noticc of any pending or threatened action,by private or
<br /> pubtic entities to purchase or take any ar All of tt�e Ptoperty through condemnation,eminent domain,or any other
<br /> means.Grantor authorizcs Lendcr to�ntervenc in Grantor's numc:in any of the above de�crihed actions or claims.
<br /> ` Grantor assigns to Lendcr thc proceecas of any award or claim for damogcs connected with,a�ondemnation or other
<br /> taking ot all or any part of the Prope�ty.Such proceeds shall bc;considered payments and wii!ia���pplied as provided tn
<br /> this Security Tnstrument.11iis assignment of proceeds is subject to the terms of any prior mortgage,deed of trust,
<br /> security agreement or other licn document.
<br /> 19. INSURANCE.Grentor shall kcep Property insured agninst loss by fire, flood, theft and othcr hazards and risks
<br /> rcasonably associnted with the Pro�crty duc to its type and la:ation.This�nsurwncc shall bc maintained in the amounts
<br /> and[or the periods that Lender requtres.'1'he insurance carrier providing the insurance shalt be chosen by Gruntor
<br /> suhjcct ta Lcndcr's approvnl,which shell not bc unrcasonably withhcld. If Grantor fails to maintain thc covcragc
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<br /> described above,Lender may,at Lenders option,oo[ain cvvcragc io piuicci►.c��ucP�S iig��u,:.'...�..:..,j,....�::M.......�
<br /> to thc tcrn►s of this Security Instrumcnt.
<br /> All insurance policics and renewals shnll be c�cceptable to Lender und shull include a standard"mortgage clause"and.
<br /> where applicable,"loss payee clause."Graator shall immediately notify Lender of cancellation or termination of the
<br /> insurancc�.Lcndcr shall huvc thc riglit to hold thc policics and rencwals.[f Lcndcr requires,Grantor shall immcdiAtcly
<br /> give to Lender all mceipts of pnid premiums and renewal noticcs.U�on loss,Grantor shall give immediate notice to
<br /> thc insurance carrier and l.endcr.Lendcr may mnke proof of loss if not madc immediately by Grantor.
<br /> •� ...,, (P�3 d 4J
<br /> O tB91 BnkM�6yslMtu.Inc.SI.CbuO.tAN It•l00-097•YSIt)FORn HE-DT�lNi DUi/91 . .
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