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<br /> ;,,,; , an obll atcci on�hc Securcd Dcbt fnlls co muke paymcnt when due.Trustar
<br /> 1q, DEFAULT.Truator wlll ba in dcfault it uny p Y B y
<br /> uarant in the Secured Debt.A goocl faith bellef by Benefic�ary thae Bcneficiary nt uny
<br /> ~,k���•`•� will be in detwlt If�breach occurs under�he tercns of thls Securiry Instrument or an other document executed ar i C
<br /> a,�� purp��of sreating, securing or g Y B , a ment or
<br /> - "� tl►ne is insecure with reapect lo a�Y P�n°n or entiry obligated on the Secured Debt or that the pmspect of 1ny p Y
<br /> '.' � � the valua uf ths Pmpeny iy lmpaircd shdl �lu�consq��u��an event af default.
<br />'�===�::+++�_ 1S. REMEDIES ON DEFAULT. ln aotrn�ns�ances, foderal a�►J s�ato law �viii require Beneficiary to pravfde Trustor wieh �
<br /> $
<br /> _ =- notice of the rig�kt to cure or other ��celerat�e tne ySecured Debt xn�h°�closep thisT Security lnstrumentbin a�m�nner �
<br /> _� limit�tfons, if any, ae�er�ciery msy
<br /> ,y�� provided by Ixw if T�ustor ia in default,
<br /> �. At the option of Beneficiary all or any, parc of the agr�ed fees and charS�g, accrucYt inter,st and principal Rhall become Q_
<br /> immedi�tely due and PaY�Cfici at} shill be enUtled to all�the medies providcd by la uich�c�ern of cheuSecurcd Debx
<br /> "-�k•• thercaftcr. In eddttion, Be �Y
<br /> ��"'`` this Securiry Inscrumau and�nY related dacuments,including without ltmitation,ttiC{�Ower to seU che Property.
<br /> �;�f.��j,
<br /> , at the�uest af thc Beneficiary, advect�se
<br /> °�' If there is a defaulc. Trustee shall, in�ddidon ro any other permitted nmedY
<br />:=���;��� and sell the Prope�ty�s a wholo or in separata Parce18 a�Public auction to the highest bi der for cash and convey abwlute
<br />-�_����. tttle free and�includi n�thahime��c rms la�d Place of eale and a descnptionPof h propertY d°s�n o1d�t►�q�red�by ihc
<br /> ----- nottce of sale B �1 sale.
<br />".`!�'�� applicable law in effcet at the time of ihe propo
<br />�'"�"°'�°`''� and to the extrnt not prohlbited by lsa+.Tn►sta shall make and deliver a dad to tha PrnpertY
<br />'-�'�-'� Upon sale of the pmpertY m all feey, charges and cos[s. shalt pay to
<br /> .��.� rior encumbrances and �nterest
<br /> so7d which conveyE absolute qtle to che purchaser,,and after fir�t pay g
<br /> :�-`• Beneficiary all moneys adva�iced for rcpairs, taxea, insurana, liens, assessmcnts and p
<br /> a �n the sumlus. if any, to Trustor. Beneficiary may
<br /> :;- ���q� � th� pdncipal and intercst on the Secured Dr.bt, p y' B
<br />. :;;��'�,�' put�ehase the PropetcY.The rec���s �n iRy deed of conveyence shall ba pricna facie evidence of the facts set forth therein.
<br />��'`ar��
<br /> - tance by&neficiary o anY sum ia payment oT parnal payment on the
<br /> y;;Y--°° All remedies are distinct,cumulative and not eaclusive, and the &neficiary is entitled to all remedies provid at aw or
<br /> f
<br /> `��%� � equity,whether or not expressly set forth.?'he acceP l on TcustAr'e
<br />-:'°"--.-= �u� �b��ft�arvh c r eht co re4u e �mple e�cure of any oxist'►ng default.pBy n�ot ezercisi glla�ny eml edy ��t tute�
<br /> ra;�,..,.. ....._.._.. , �......,.,..,.;,��.
<br />-i� default,Beneficlary does noc waive&nei�ciary y►►�t���.••��-�-�-•--•�h"evenc a default if it continues or happens aBain•
<br />- �� 16. EXPF•N3ES+ ADVANCFS ON COVENANTSi ATTORNEYS' FEES;
<br /> COLLECTION COSTS. ExceP� whea
<br /> proi�ibi�ed br law. Trwror sgre!�� �n ay all of Beneftciuy's exp�nses if T�ustor bnaches anY covenant in this Secu�rfty
<br /> p �_. ., .., �r insurina. inspecting,preaen'In or
<br /> -- Instn�ment. Trustor will also pay on demand u�Y air�ount incurrcu� ..cncf:ci�., f-
<br />-�s and geneficiary's sxurity interest.�l'hese�xP��s Wiu be�intetest from the dace oi uw
<br /> otheewise protecting th�PcoP�nY .
<br />-�' payment until paid in full at the highest lntecest rnte in e f f ce t a s p r o v i d o d in the tern�+of the Secured Ikbt. custor�g
<br /> �'��� co aav all costs and eapenses incuaed by�Bene�f�►ary ln,collecang, eqforcing,or protcedng Beneficiary's w r ig6 t s �n d
<br /> �r roay ,nclude.but is not lim�ted to,atcomeys' fees. coun costs. and
<br /> ----� ceIDOdles 1111dei Ults�eCUrity iuii�.;u.,.:. .........__-_-
<br /> other le$al expenses• This Securiry Instrument shall remain in effect untu reir.asCU. ►auo�o� Qa�:�.. � r-+
<br /> � rxordanon costs of such release.
<br /> 17. ENVIItUNMEIVTAI' LAws ANA���US 5l1BSTANCFS• As uscd in this secdon. (1) Environmencal Law
<br /> means, without littutation, the ComQrehensive Enviconmen[�1 Rcsponsc� Compcnsation and Liability Act(CERC n�ernl
<br /> � U.S.C. 9GU► ec seQ•)• and al�other federal, state and local laws, regulacions. ordinanceu�SUO°�n�n�m h�ch h�s
<br /> - ----_� opiniona or interpn�e ln e�an y f om�g�i o s c t i v eh o r hazardous materiale waste, P o� u b l c h e a l t h, s a f e t y,�wwelfare(or
<br /> }I a z a r d o u s S u b s t a n e n t i n l l y dan gemus t o t h e p
<br /> characteristics which render �hc su bs t a n c e d a n 8 e m u s o r p o t
<br /> �Q��nment, The term includa. withouc limitauon, anya�iros�n���� °e �hazar dous m a t e r i a l�" "�o x i c s u b s t a n c a,
<br />�-- 'hazardous wxste"or"hazardous substance"under any E
<br /> Trusror npresents,wairat►ts and agcees that:
<br /> *iazatdous 5ubstance is or wi
<br /> - A.Except as Pre�ious�Y d�sclosed and acknowledged ,'iIn,6 S r�eS1g�ccion dces not�apply to small quantities of Hazardous
<br /> loc�ta�, stored or nlaasal on or in the Property
<br /> �� Substances that an generally�8nized�o be appr°pnate for the normal use and ma[ntenance of the roperty.
<br /> B.Except as pnviously disclosed��wiih an�y a�p°pacable Engronmental i.�;T�stor and every tenant have been.ue,
<br />"+�°� and shall remaln in full compl In such an
<br /> C.Trustor shall immediately notify Baneficiary if a releace o Envi n�t���C0°��R�h0�O��y ��o ,
<br /> ---.- -- ---- under or about the Prop�rty or there is a violation of any ndfn
<br /> - event.Ttusror shall take a11 neceua�'S'«���actton in accordance W�th anY�vironment�l Law.
<br /> v-�--- D.Trustor shall immediatdy nalfy Bencficiary in writn�a p�o �e release or thr�e,attned reteaschaf any Ha a�dou�s
<br /> or thrextened invest�gation,claim. or pcoceedinB
<br /> �.�si Substancc or the violation of any Environmental LaW'• rivate or ublic
<br /> ndin or ttueuen�d a��lon,by p
<br /> � 18. CONDEMNATION.Tnistor will give Beneficiary p�mP�n�tice of any p� $
<br /> - :".:Y.�a entides to purchase or take any ar all of the Propeny throuBh condemnation,ecrunent domato,or any ocher meana. .nucor
<br /> _�� - author[zea Be cefic��ts of�any a ard orlclaim.for duna6es connec�ed w�th a cond amnai on or othe�r caking of all or�anY
<br /> :e�±F�?� Beneficiary th p a ments and wili b� a�'Ptied as Provided in this Securicy
<br /> _�2=�; put of the Pcoperiy. S�ch proceeds shall be considered p Y rior morc A e dced of trus�,securi agreement or
<br /> . �Y
<br /> --•�•�L � lnstrument.This ass�Knment of proceeds is subjeet to the�erms of any p S 8 •
<br /> ::::J!. ��_i
<br /> .y�:.�..:.
<br />..w�;�,,, ._:.,, other lten document.
<br /> "-`-�-*��' msured against loss by fire,flood,theft and othar hazards and tisks reasonab y
<br /> ' a9, INSURANCE.Trustor shall kecp Prop�rty.
<br /> associated with the Property due to us typ� and location.Th�s insurance shall t�e muntatned ln the amounts and for e
<br />--��� '' �� periods that Beneficlary nqu�ra• The insurunce carrier providing the tnsurunce shall be chosen by Trustor subjat to
<br />'���y_'�'°"` � Beneficiary's apPr'oval, whi�h_s�a11 w°�b�tlnn�bt11n�oYo era8 e�0.pr��Benefciary'snri8hts n the Propersty�ccordin�g
<br /> ` �_.?t��y�� 8b0VC�Benetictuy may� �u ocw�ou...«� --r--- •
<br /> �..e�h.�Grur�tV It1SUUIT1tRL ._.i
<br /> - ::�'.:a2'r lV lIW w� •
<br /> . ' �.
<br /> � ` Atl insurancepolicies end renewds shall be acaptable to E3eneC�ciary and shall [nclude a standard'mongagc c►au,.� V�r�
<br /> : •�. t, where apPlicable. "loss payee cl�use." {r�s`oi sholdi tmhc�Pol cies and rBn wals. If�&neficiary cquires�iTtuuistor shall
<br />. �� � -'�-;-;- insurance. Beneficiary shall have �� � ma make proof of loss if not made imimdiately by
<br /> �`� . , � (nuned►Ateiy give to Beneficiary all recelpts of paid premiutns and renewal notices. Upon loss, Trus�or shall give
<br /> ' � � im►nediace noace to the insurana carrier and Beneficlary.BeneCiciary Y
<br /> .• " �� TNStoI. _—�— lpage 3 oI 41
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