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<br /> rxccuteJ for the ptu�+r►se of creating,�ccuring ur guarantyiag thr Secured D�bt.A g�md faith heticf by L.ender thai �'' � .. , �
<br /> � � L.ender at any umc is insecun with respect tu am pr�on or cntit}•ahli�atrd un thr Secured Debt ur Ihat the pruspcct . .
<br /> � uf any pa}mcnt ur thc:�•alue uf the Propem�i�im�+airrd+hall al,o�on�titute xn e�•rnt of default. . `�
<br /> � 15. F�EMEOI�'S OlY�.1�F.�ULT.In some inslancc�,federal and�tatr la�v witt reyuire Lrnder w providr Gramor with � • ? . .
<br /> � . � rtotic�of th�ri�ht.'+.-cur�e ar nther nouces and tnay establish time�chrdalrs fo�tumclea.ure actiun..Subj�ct to these � _ . . �
<br /> � IimiEation�,if am..L�:rtder may atcelcrutc thc Srcured Drhi :ind furcclu+r this Sccurit�• Imtrument in a mannrr
<br /> '� providcd b}law if C;rantr,na�is in default
<br /> '' j At thc uption��f L:ad�:r..aU ur an} part.�f thr agrccd fres and chargc.,ac�vurd intrr��t and prin�ipal.iwl!Bea�mr .
<br /> ---- - '• imme�iiatcl• due attd •►��i;�e.after 'vin n«tice i! reyttind b}• Inw,upun �he urcurrrnc�uf a ctefault ur:u►vtimr �- ,- - - -- -.. _
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<br /> � ..' i th�reafter.In addi�i�m.L:�t�rr shall h�rntitlyd to all thr remedi��s prin�ided b� lau�.th�terms uf the S�cured Drht. 4
<br /> this Security Ins�r��m�;nt.ae�l,.mr related documcnts,inclading without limitation,thc puw�rr lo k:ll thr Propert}�. R
<br /> � � If there is a default.Tn�:tec�3�11.in addition to any other permitted remrciy.at the r�yu��t uf thr I.And�r.aJ��.:rtisr
<br /> ' ' and scll the Pn�re;rt}a�::i;oi��1i�or in separate parcels at public attctiort to the high��st biddrr[or ca�h and rumcy • �
<br />- ` absulute tittr tree: an�!cl�ar u.►.,e11 ri_r,ht.title anc!interest af Grantor at such time and plac� as Trwt«d�yirnat�y. � . � � -�•-
<br /> ` ` � Tnestee sh:il!give ncJtice nf saio including the time.trrms and place of satr and a description ot thr pruprrt}tu be.uld . •
<br /> as required by the a�plica@lu•1�n�in effect at the time of ihe propo�d sale. �-c �
<br /> • . Upun sale of the pr.t�pcR}and t�>ihr rxtent not prohibited bv ia�v.Tntstce shall make and deliver a detd to the Property� '
<br /> ' �' u�ld w�hieh convey�s atnnlute titie t�the purcha�er,and aftrr Gnt payin�all fi�s.charge.�s and costs,shatl pac w Le:ndcr all . :�°;:'
<br />. � . . mone}�s advancc;d f�,�r repair.s,tax��r..insuranz�.liens.asseu-ments and prigr encumbranct�s and inter�st thereon,and the �. _ _
<br />_ � principal and interzs!on thc Secun_d Debt,paying the surplac.if:_zy.to Grantor.Lendcr may purchase the Property. •
<br /> �i : The reatals in an�c?eed of cx�n��e,��anee shall hc prima facie evider.c�:�tk:facts�et forth therein. �r �•` '
<br />.�?: All remedies art d-:.ti�inct.cutnittc�tive and nut exclusivr.and the Lendrr��ntitled to all remedies pro�idcd at law or ' :; .''
<br /> ``• ��`'<�• cquity.whesf►cr�a,zr»ex}�re�a�v•,c�t farth.Thr acceptance b�Lcnder of�r.,k�um in pa}�cnent or partia!payment on the S: � ' �
<br />`-'' .' � ,.�:;;;','` Secured Debt aft�r tts�b:�tanc�:is due or is acceteratcd ur after Coreclosure pr��:eedin�s:�ce fited shall not constitute a ._ .. ' '
<br /> ~" " "i`::-: waivcr of lxnder's rip,ht ta re4un-e complcte curc ot any rxisting default.By nut exer�.Cing any remedy on Grantor s - -------.
<br /> ',:�;•,, deFault.Lcnder du�s not��aivr E�:nder ti right to latcr consider the e��ent a drfault if it runtinues or happens again. :
<br /> •:.,,�. . .
<br /> �°'�• � ' ' 16. EXPENSE§; AD!'A�}CES OP(COVENANTS:ATTORNEIfS'FEF�:�OLLECf10N C�S'F.�Exccpt whcn ••_ :t:
<br />--'-�'��t:?�` . � � 'A prohihited by Ia�..Gr3nt�r agr:es to pay all of l.c:nder's cxp�nus if Gr�.r,c�ir breaches any coti•ena_r•.�_in this Secarity ` :,'�. �;;_
<br /> "�"°�''' Instrttment.Gr3nt�r cvifl al:,:s pay on demand any amoum incurred by I�ndtr for insurirtg,inspeu_•,.`.{�resc;tving or . .
<br /> _ . �,, . -°.:�::-i� ,
<br /> : ' utherwise protecting tf:e Pn�perty and Ixnder e sccurity interest.These expenses wilt h�ar intcrest imm the da�r ot
<br />::;� . . . thC payment unut paid in feifl:�L the highest intcrest rate in et€c;ct as provided in tB.�.crms of the Sccured D�?L ;. ,r,��,-=�=
<br /> f�•;�., . Grantor a ees to �y ali ix►sts and ex enses incurred b Lcaa�.r in coltectin ,enforc�r,���r ratectin Lender's ci�: s ��`� �� ��-�
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<br />:�:_��: • and remedies under this Securi!y In:,trument_This amaunt may inciud�.hut u not!ir_-cted ta.attoroeys-' fc��s.courl • �.:t ;
<br />-�����ry��.J-��'��' COSIS,and other tr�.l.expenr�es.This Security lnstrument shall remain e�cf�:�:t untcl rei:ased.Gra�t:cTr agrees to pay �.'�:•-, ���:4,-� '
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<br /> ` ,!�u;��.• , , far any rewrdatiun a�st�uf such�release. � }... ;:.
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<br /> ''�� '' ' �:; 17. ENVIRONADE.V�'A�L�Wa Au'VD HAZARDOUS SUBSTANCES.Ay;;�:d i�tl�i�,e«���,(1)Environmcntal Law • ;�:;•.�.r;,
<br />_ . . ,:,,,. . .
<br /> ° �S'. • '' :'` means.withuut limitatiun,the�Comprchensive Environmental Response.�'k�.�ensati�a:.n�i Liability Aci(CERCLA. �,";.',�c:i,'•�.
<br /> l � 42 U.S.C.96U1 ei sty.). and aU other federal,state and local la�vs,ra��,�ons,ardinances,co�2��•rders,attomey : ;�`s'-
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<br />. ,,.,_�,, , gencra�opinions ar inter�+r¢tivc lcucis conceming the public health.s.._,-:i.wcltarc,cnviranm-r��rr a hazardous ,_:,;•:,, ._::r{�.,',�,
<br /> substance:and iZ) !iax�r�aus Substancc mcans any toxic,radioactiti���r:tazardous material,Ka�r.�,pollutant or
<br /> .:;,�,
<br /> � � contaminant which hus ehuracteristi�s which rcnder thc suh.t;�.�a:�����ious or potcntially dangeraus ta the publie ' �; .�.:, � �,�;_
<br /> health.safety,welfart or environment.The term includes.�.:�...'��uz ti��ion,any subsiances defined as"hazarciu:ss _ _
<br /> , . . �ar:
<br /> matcrial."°tosic substanccs,""hayardous wastc"or"hazardoia S::Ust::r.c:�"cnder any Environmental Law. ��: � ':�'a%�
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<br />' ��' Grantor repres.nts_warsants and agrecs that: f - _�'_
<br /> A: Except as nncinu�;y.disclosed and ackreu�xledged in writing to Lcr.L�r,no Hazardous Substance is or will be f�:z. •� ' ` =l�.
<br />'•�';• � locatcd,sEc��d ar reldused on or irt tix Praperty.This restriction docs not apply to small yuantities oi ;_;: . :. , .
<br /> ���} . . �.•�n(��r; Hazardous Sui�stanoes thnt are encraP reco ii�d tc�be a ro riat�for th�s�,.;:mal use and maintenance of =
<br /> _ :.,�,_ B Y P�'- PP P .
<br />.:��_�..:.,
<br /> . ;;•' � Uic Property. ' ., —
<br /> ;,��.,, , . _ S. Escepi as pri�ious!y discbsed and ackco�:ledged in writing ta Lenu:r Gran4or and cvcry tcnxry:!aavc becn,arc. � , ,-;_-.�;
<br /> �s_ and sht�il r�mpin in fuU compliarr..c witF�asty applicablc EnvironrneR1:.1 Law. ,_ '
<br /> ��r%r•
<br /> .:;t;:�,� C. Grantnr shal!immcdiatcly notify Lcndct if a rcleasc or threatencd r�Icase of a Harardouc Subs�tance accurs on. _
<br /> • under or about the Property or there is a violation of any Environr.lcntal Law ccnu:rning Ihe Property.In such _
<br /> - . .. .' � an�vcnt.Grantor shall take all necessary remedial action in accordance with any Environmental Law. ' �'
<br /> ' • : } D. Grantar shnlbimmediately nalify Lert�r in writing as saon �s Grantor has reason to helicve thcre is any '. °
<br /> :,�,�.�,,;��:� . y pending or ihra:►tcncd investigation,c[aiett,ar procxeding rclat:rc tu thc rcica�c or thrratened relcase of any
<br /> Ha7ardnus Subatanct;ar thc vi�lati�m of any Environ�aental Law.
<br /> � .'� .'� ���� 18. CONDEMP1A710N.Grantor will givc Lcndcr prompt r.c��:c uf any pcnding or threatcned action, by privatc ar
<br /> +w! . :'.:.n�,:.(�.: - .
<br /> ;�,.; � . ,. � pablic cmitics to purchasc or takc�ny ur;�ll af thc Prop�;r,y throuRh condemnation.��rinent domain,ar any rnhcr
<br /> '��:�,t�;:? '����.' • rtteans.Gra�tar authorizes Lcnder to intervcrtc in Grantor';�ame in any of th�aho�r dc�scribed actians or claims.
<br /> .�'�.;;`+;��.�r: � � ; Grantor assigns ti� La:adcr thc pracccds of any award or cRaim.for damagc.�s cnnnectcd with a condemnation or othcr
<br /> '{;;���"�' taking of all or any pnrt��f the Property.Such pr�xccds shall be cur.sidcnd payments.md will he appiied:iti providcJ in ,
<br /> �;c;�`;?:`' " � thit 5ecurity Instrument.This assignment uf procceds is suhject to thc tcrms of any prior mongage,dced of tru�t. '•�
<br /> ;i ' securitu agreement ot other lien document. . �
<br /> ti,�:• 19 IASSIURANCE.Grantor shall kcep Property insurcd against loss by firc, fl�od, thcft and c�thcr har.urdv anJ risks _• .
<br /> ;.;r�.�!,:,� rcasonably associated with thc Property duc to its typc and location.This�nsur�ncc shell bc maintaincd in th�nmuunts ' :
<br /> ;.1,.� � and for the periods that l.endcr rcyuires.Thc insurance carrier providin�ths intiurence shall hc chuscn hy Grantur
<br /> .:�;";�.:' suhjext to l.cndct s approval,which shall no1 hc unnasunably withhcld. Ii(irant��r fails t��maintain th�cuvcragc . ••
<br /> ''� ' descrihcd abovc,l.cndcr may,at I.cndcr's option.obtain c�wcragc tu prutcct 1 Andcr'�.ri�;hts in thc F'ri�pert�•�iccurding ' .
<br /> �.,: �.. �
<br /> ;=, , . , to the terms of this Security Instrument. � .
<br /> �� ' All insurance pnlicies and renewals shall he acceptaMc U�l.endrr�nd tihall include a+tandard"mongagr cl.iu,r":ind. . �
<br /> . ' , whcrc applicahlr."I��.�paycc clausc."Gr.imor tihall immeJiatcly itotifv 1.cnJcr uf canccllati�►n ur trrminaliun uf�hc .
<br /> `�':°� insurance.Ixnder shall have thc right ta huld the pnliciec and nne�vals.If I�:ndcr myuin:�.(irantor shall immrdiatcly � . � .
<br /> ;� �i�•c�u l.�ndcr all rcccipts uf p:�id prrmiumc amd rencwal ncUiceti.Upcm luts.(;rantar shalt girc immrdiatc nuticr ta
<br /> `�:�'� . Ihe insurance carricrand l.�ndct.l.ender m.iy makr pra��f oi lo.c if not made immcdiat�l�by(irant��r. .
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