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<br /> � 14. DEFAULT.Trunt�rr wllf be in defnult if any pany ohll�atcd on the Scxured Debt fniln to m�lc�payment when ue. ruator �
<br /> will be in default if a breach occure undr.s thr, tomte of thie Securlty Inetrument or any other document exec;utal for the '
<br /> purpase af creaUn�. eccucing or gusrentyinp the Secur+rd Debt.A gaod faith helief by BeneflclAry that Beneftclary at any
<br /> time is insecure w�tit respect to any person or cndty obliBated on d�R Secured Qebt�r that the prospr.ct of any payment or
<br /> the valua of the Vroperty le impaired sh�ll also c,�netlwtc an cvent of dcfault. ,,=
<br /> l5. [LEMEDIES ON f1EFAiTLT. In some ln�tanr.es, f�ernl nnd siatc Inw will require Beneficiary to r�rovide Trustor wl►h �
<br /> . notice of the dgl►t ro cure or other noticcs and may csteblieh tlmc schcdules for fnrcclosun actlons. Subiect ¢o these ,• .��;._
<br /> limitatioae, if anu. &neficiary may aceclerato thn Secured Debt and foreclose tliie Securiry Instrument in e manner r;�>a _
<br /> ,,.,,.r-w provided b�lnw it'Ttvetor la in dofault. �_�
<br /> r�' . �.t_y_.
<br /> �� ��� At the o}�tfctn of J3�:neficiury, all or any psut of th�a nrod fees end charges, accrued Interest and principal shall becoroe .`""��
<br /> 3
<br /> immadiatal�f dua and pt►yable. aftcr giv3na n�tica 1 requit�ed by law, upon the occ�urence of a defaWt or anytime ��>;?°-
<br /> thereaRer. In addit3on, Beneficiary shall bc cntlticcl ta alt the mmedies provided by law,the terms of the Secured Debt. ____
<br /> thie Scx:uri�y 6ivavment and any rclated da�um�nta,Including�vithout limitution.the power to sell the Progerty. ��= -
<br /> If there is a dcfaalc, Trustee shall, in addition ta any other peimltted remedy, at themq aest of the Beneficiary,advertise
<br /> and sell the Pmperty ae a whole or in separato pt�ls at public auction to the highest bidder for cash and convey absolute
<br /> titla fitir:and ctr.ar of ell rl��t, title ar.�i lntereai of Tmstar at such time end�lu�;e as Tnistee�ieslgnstes.Trustee shall give
<br /> notice of salc iacluding the tinne,te�ms and pincr,of sale and a descriptiou of the pmpemr to be sold ns requIred by the
<br /> :� appllcable luw in effect at the time of tbe pmpo.ed sala.
<br /> , � Ut�an sal�of tlte propercy and to the eztent not�nnhibited by law, Tmstee shall makc and deliver a dced to the Property
<br /> r sold which conveys �bsolute tide to thc pum eser, flnd efter first paying all fees, charges aad costs, shall psy to �--
<br /> ' ';P Ecneficizuy all moneye advanced for repait�, taxes, insurnncc, liens, assessments and pdor eacumbrances and inurest _
<br /> thereon, and thc principal and interest ou the Sccured Debt. paying the surplus, If any, to Trustor. Beaeficiary,mny
<br /> purchase tho Property.The recitale in aay dc�esl oF a�nveynncc shall be prlma facie evidence of the far.ts set farth therem.
<br /> "� All reatedics a[+e dicunct, cumulative and mot excluaive, �nd the Benefici is enfltled to all nmedies rovided at law or .5;�:
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<br /> equity,whother or not eapressly set fanh. Tf�e�cceptanccs by Bcneficiary of aay sum in paym�nt or p al payment on the -�-`
<br /> Secunci Acbt aiier the balance is due or Is acceleratccl or aRcr foreclosure procEedings ar�e filed shall not coastitute a
<br />_ wai»ar of Benoficiury's right to requin camplcto cu�of nny existing default. By not eaercisjng any remedy on Trustor's
<br /> ;( default.Benaficiary does not waive Beaeficiary's�ight to leter consider tlie event a defaul¢if ii continues ar happens again.
<br />_ '� 16, EXPENSFS; ADWANCES ON COV�NANTSi A'1TORNEYS' FEES; COLLECfION COSI'S. Except when =
<br /> oruhihited b liiw, Truetor agrees ta t�y �Il of Bcueflciery's cxpenses if Trustor breac�es auy covenant in this Secudty
<br /> -�� u�uwi�eai. '�.�'rusiar u�ll atsc g:.;�r. �^.m°nd any am�unt lac�.�rr� b B�uefiri� f'�r;w„�,�.�a,���o, m,•rv.no�,r - -
<br /> n y g
<br /> otherwise pmtectin�the Property And Deneficituy's�ocurlry interest.'l7iese eapeases wi�kF:br,xr�ntenst from the date a�'the
<br /> payment untfl paid�a full at the highest intcrast rntr,ln effcct as provided in the terms of th�c Secured Debt.Tnuror agrecs
<br />�: , to pay all casto and eapecues incurred bp Benoficlary in coUocting, enforcing or pmtxting Beneficiary's dghts and �
<br /> -•• rc�nedies und�sr this Securlty Insaument. Thls attwunt may Include. but is not limited to.utomeys'fas. coiut oosts.and '_"'
<br /> other 1�gal eapeusea. Thia Securiry lnstnuraat shnll �+cmain in effxt undl nleased. 7�ustor agrees W pay for my
<br /> rccattilutfon caste of such release.
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<br />,:=.,•:.. •- . 17. ENVI{RONMENTAL LAWS AND IIAZARIH)US SIJA�iI'ANCES. Ais used Ia this sectioa, (1) Environa�enW Law
<br /> ti,' � '.1� meAna, wlthout limitation, the Comprehcnsiva Snvlmamental Response, Compeaeatioa and Liebility Act(CERCL.A,42 _
<br />�w.,�,,.,,� - � U.S.C. 96Q1 ct scq.), and ell other fcderal, stnto nnd loc�l laws, rcgulations, ordinances,court orders. attomey genetal
<br /> �� ,� ,. „,. opGuan�s or tutcipreuve letters concernin8 the publlc uea1W,safery, welfare,environmeat or a hu�rdous substaace:nad(2)
<br />_��,,;,�....�. Hnzardous Substance means any toxic, radla�ctive�r haru�doue materi�l, waste� poltutu�t or conUmin�nt wtrich has
<br />�� churs�ct��rictics which render the substance dsngemus or potentially dengerous to the public health, safety. welfan or
<br /> ��:s���:t :
<br />��;s;�;:, e�nvUvnmcat. The term includes,without limitndon,any substuices defined av "hezuduus materi�l." "t�xic subatanas."
<br />�A`�"�S: "hasmrdouu waste"or'hazerdous substence'under aay Envlronmentallaw.
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<br /> �:�X.;�. Tiu�tor represents.werr�nts�nd agrees that:
<br />=�'�"x"=r� A.Excc t as previoual disclosed and aclmowlod od in wddn ro I3cnefici °-`
<br /> _,. ., ... ., P Y E S ary, ao Huazdoas Substance is or wlll be
<br />-��°-�. '� locatal, stored or releused on or in tht Property. 'Ii�is testdction does not ap ly to smilf quantities of Harardoos
<br />==�`7�'�'- Substances that ere generally reco$nized w be ap ropriate for We nornW use�mainten�na of the Propecty. �
<br />-���`��� B.Exae�t as p�+eviously disclosecl and acknowlodg�in wri t i n g w Beneficiary,'I�nistor end every tenant have beea,uie,
<br />_"='�-.t"�'. and s hall cemain in full compliance with onyapplicxble Env 7 r onnxutal I.dw.
<br />"'`�'�"'='��" C.Tnutar shall irnmediately notify Beneficiary if a rcicase or thrcuened relcasc of a Huudous S�bsteace occurs on,
<br />�-�� uudvr or abou¢the Property or the�+c is a violation of any Gnvironmental Law canoeming the Property. In such aa —
<br /> �,;�,� evant.Truotor shell takc»ffnecessary n�nali�l action in accordanoo with any Envimnm�wul Law.
<br /> S''��;'�.�,�t D.Truetor shull immediately acuify Beneficiary in writing as soon as Trustor h�s rason to beliewe there is wy peaciing
<br /> - � {'a� or thnsatcned investigahou, �2aim. or prooceding rclating to the release or tlurateaed�elease of any Hru.urdous
<br /> �-s ��'��� � Subb�tnncc ar the vlolado�of any Environaxattill Law.
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<br />�:� 18. CONDE114Ni\TION.Tivstor will glve Beneficiary prompt notice of eny pmdlng or tbneateaeci action,by private or gublic _
<br />_; entities ta pum.h�e or take any or all of the Property through condemnadon,eminc�nt dom�in,ar aay other mGaag,T�CUu�or 6
<br /> authoriee.v&:nef�aiery to interveaV in Trustor's name In any of the above clescrilx�d�ctioas or clai�.Trustor usigm to ��-
<br />- • � Beaefiaiary W�proceeds of auy awani or claim for dau�aga cow�ectecl with a oond��nnadoa or oWer talcing of�Il or�uy ���:=
<br />- put.c►f We Ptnperty. Such pmceeds shall be considered payments and will be appiied as pmvxded in this Securlty •�.;�
<br />-; Instrumenf.Thie asS�gnnxnt of ptoeeods is subJxt to the tem�of any prior mortgege,deod of ttust,security agreement or '
<br /> oth�r lien documeat. ��;�_'`.
<br />- 19. INSURANCE.Trustor shall keep Pcnperty insured against la.cs by firc,flood,thcft and other h�ds and risks reuonsbly �
<br /> associuted with the Property due to ita type and location.'R�is insurance shall be �maiutained in the imounts and for the �
<br />_ .�..• pedods that Beneficiury �uires. The�nsurance carrier ptoviding the Iasuranoe shill be chosen by 'IYustor subjt�ct to -
<br />_. ''" BenaSciary'sapprovul, whtch sheli nat t�e tuueasonably withheld. If'IYustor fails ro mainriIn the coverage desctibed
<br /> _ _ _ -� abova.Bcneficietv muv.at Beneficiury's optfon,obtain ooverage to protect Bencficiarv's rlahts in the Pronertv arrnndinn _
<br /> : ' r to the terms of thia Security[nstntment. � - - - - - --_
<br /> All insurance policies and maewalo shatl be acaptable to&neflciary and shall includ� a standaM"mongage clause"and.
<br /> where applicable, "Ioss payee clnuse.'Tevstor sttxll immediatel� notify Beneficiary of ca�x;eilation or tenninadon of the
<br /> insurance. Beneficiary stiall have the risht to hold the polic�es and renewals. If Benefieiary requires. Tcustor shall
<br /> - ' iimnediately give to Beneficiary all mceipts of paid premiwns and ren�wal notioes. Upon loss. Trustor s6aU give
<br /> ., immediate notice to the Ineurance carrier and Beneficinry.&neticiary may make proof of loss tf not made unmediately by � -
<br /> Tmstor.
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