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<br /> 1�1. Ul�F'AULT.Troator wlil lx in def�ult It'�ny puty obliQoted on thc Secunrl Uebt faUe to nu�kC p�ynxnt whrn du�. Trueror
<br /> will 6e in def�ult if A brcnch a:curr under the rernu nf thle Securlry iuetru�nent or wny other da;ument exocuted for the
<br /> purpoee of crc�ting securia�or gu�rantyln�the 5ccured Debt. A good f�ith 6ellef by Beneficluy that Bencfictuy�t u►y
<br /> time le insocure wtt�respect to any pereon or entlty abligoted on the Socurai Debt or th�t the prospat of+u►y pRymeal or
<br /> thie velue of the Property is impairal shell alsa constitute an event of default.
<br /> 15. RCMEDIEE� ON DEF�.UI.T. in some lnstanccs. fedcral and state law wlll requirc Beneftciary to provtde Trustor wlth
<br /> ' notice of the dght ro cure or otl�ee notices and inay est�blish time schedules for foreclosure uctions. Sub,�ect to these
<br /> �' � limltations, if any, Beueflclary may acalerate the Secured Aebt and foreclose thie Securiry Iastrument in a mrs�uer �`.
<br /> .,�,;,,«� � provtded by law if Trustor is in default. ��'
<br /> „ ....r,.�+M.t yt �=_
<br /> At the option of Beneficiary, all or any part of the ugreed fces and cbarges, eceruod lnterest utd princl al shall become
<br /> immediately due and payable, after giving notice if required by law, upon the occurr�ec` onf�a�de�euSecui�Deb�t,
<br /> thereufter. In adclition,Bsnenciary ahall be endtled to all the remedies provided by law,
<br /> this Securiry Instrument and any relatod dceuments,including without limitation,the power to sell tbe PropertY• �
<br /> x If there is a default, Trustce shall, ln udditlon to aay other permitted remedy�at the xequest of the Beneficiary, advertlse
<br /> ' and sell the Properry as a whole or in separate parcels at public auction to the Wghest bidder for cash and convey absolute
<br /> tltle fiee and clear of aU right, title and interest of 1'tusto.r at such dme and plxe a9'r'cu�tee desiBnates• Tn�s�ce sLall give
<br /> ,. notice ofe lawiin effecgat�the time of the proposed sale���a descripdon of the properiy to he sold as cequi�cl by the
<br /> applicabl
<br /> � Trustee sb�l malce and deliver a deed to the Property
<br /> r� Upon sale of the property and to the eatent not prohibited by laW, __
<br /> sold which conveys absolute dtle to chc purchaser. ,�id efter first paylag nil fees, charges and costs, shall pay ta
<br /> � liens. aasessmenu and prior eacumbrances And lnterest „_
<br /> Beneficiary all moneys advnnced for repairs,taaes, insurance�
<br /> �'•• therean, and the principal and interest oa the Secured Debt, paying the surplus, if any, w Trustor. &neficiary.msy __�
<br /> w, piuchase the Property.The recitals in any deed of coaveyance shall be prima fecie evidence of the facts ser.forth thereui. i�i
<br /> "�. All remedies are distinct, cs�muladve aad not exclusive, and the Beneficiary is entltled w all �mrdj���pa���lon the _-
<br /> equity,whether or not e�cpressly set forth.The acceptance by Bea�ficiary of any sum in payme p
<br /> Secured Debt after the bulance is due or is acceleruted or aiter foreclosux�e pre�edinge are filcxl sha11 nat constitute a
<br /> waiver of Beneficiary's dght to require coraplete cure of any ezisting default,By aot exercising any remedy on Trusror's _
<br /> defai�lt,Beneficiary dces not waive Beneficiary's rlght ro later consider the evrnt a default if it continues or happens a8ain.
<br /> 16. EXPEN�5�3; ADVANCES UN COVENANTS; ATTORNEYS' FEES; COLLECT'ION COSTS. Bxcept whcn
<br /> ��� rohibioed b law, Tnistor agrees to pay all of&neflciary's expenses if Tn�stor bnaches eny covenant�n this SecutitY
<br /> _, ��,'���_: �,�, ,�. �„arnr will also pay on demaad any anwunt 3ncurred b Heneficiary for insurtn , inspecting, preservin or
<br /> S'l1t8L1... s„�s. „r..rrcr
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<br /> `��.''� , otherwise proucting the Property nmd Heneficiuy's secunty intcrr,�i. u�.:.:�w,•�,,,� �•••�.....$._..--- frnm rhe date o the
<br /> payment uatU paid in full at the highest intereat rate in effect as pmvlded!n t5e tecros of the Secured Ikbt. 'IYustor a�rees
<br /> to pa all costs and eapenses incurred by Beneficiary in collating, eaforcing or pmtecting Brneficlary's rlBhts nnnd
<br /> � re�es under tlris Securiry Instrum�►t• This amount may include,but fe not limitod to,attomeye'fas.court costs�e�
<br /> other legal expense�. 'Th1s Secor►tY U►gtrumcat shall remain in effect untU releasal. Tnutor ogrees co pay for eny
<br />-; recordation costs of such nlease.
<br /> (1) Environmcntal I.aw
<br /> 17. ENVatONMENTAI. LAWS AND Hl1ZARDOUS SIJBSTANCES. As used ln loin a d LiabilltY Act(CERCL.A,42
<br /> £� �� ,without limitatton,the Co rehensive Eavimnmenal Response, Compensat
<br />`� �� � regulations,ordine�sces cowt ordere,attoraey gaxr+il
<br />;;,,,�.,� .� U.S.C. 9601 et seq•)� ead all other federal.state and loc�l laws, •
<br /> _ opiniona or lntetpretive lettero concerning the public hwlth.sifetY�welfae. eavimnmeallutant o6�m�n etamin�nt wl�ch has
<br /> r" ' H�zu+doua Substanre meana �nY toxic, radto�ctive or huudoue matedal�waste.
<br /> �, i ••. ,
<br /> -•„__.,, -: chuscteristics which render the substu►ce duigerous or poteatlally d�agerous to e public health. safery, welfue or
<br /> ° enviroameat.'I�e te�m iacludes,wlthout limttation, any substancea definal�s "h�zudou� materld�" "toaic subeauxea�"
<br />__;,�j-;.,�� "hazardous weste"qr"huudoue substance"under eny Environmental LAw-
<br />=:�`-�'.�1
<br /> Tcustor repreaenta.wurante and agca�s that: �y, �Hazardous Shbstanee is or wtll be
<br />=�-v���� A.Eacept es pceviously dlsclosod and acknowledged in writing to&nefid
<br />_- �u'� ";� located, atored or nleaaed on or in the Property. Thie nsMccioa doa aaapply w small quuitities of H�zudou�
<br />-�=�-�;�'t�:: Substance.t that ere generally reco�tniud to be ap�roprlate for the nomul use and m�iauaence of the PropertY•
<br />--�, ;:�::�� B.Exce�t as previously disclosed and acknowledg in wdting to Bmeficiuy,Tivsror and every tenant havc beea,are.
<br />�.�,,y►�� and sball mnain in full comp1iance with any opplicable Eavironmcntal I,�w.
<br /> �=''�'°-"=•�� C.Trustor sh�ll imaxdlately nodfy Beneficiary ef a nlease or threatened celease of a Hatardous Slibstance ����
<br /> ���� under or about the Property or Were is a violation of aay Envimnnxatnl Law coaccrnin8 t�e PropertY•
<br />=„�,"��k . event.Trusror shall teke all necessary remodi�l action in accordance wi�h any En��n���w.
<br />- �,�- � D.Trustor shall �nu�cliately norify Benoficiary m wricing es soon as Tnutor has reason to believe thcre is an peudin8
<br />—_„�;: -., .
<br /> _:=•�.�- :• or threauaed investiganon, claim, or proceoding relating to the release or threatened nlease of aay s�zudou�
<br /> -• K r'�:"�. .' Subsunce or the viotation of any Environmeutal Law•
<br /> 1�, .:.. '.:� -. .
<br />_„ • , ° 1$. C O N D E I V IN A T ION.T'rustor wtll give Beneficiary prompt nouce of any pending or threatened actioa.by private or public
<br /> • entities to purchase or take any or all of the Property t hrou g h con demna tion,e a v n e n t d o m a i n,o r a ny o t h e r m e a n s. 7 l n s t o r
<br /> aims.Tnuror assi to
<br /> �� authorizes Beneficiary to intervene in TrustoPs narr�in any of the above described actions or d 8�
<br />- " Beaeficiary the proceeds of any awaz d or c la im for darmgea c o n n e c t e d w i t h a c o n d e m n a t i d n o r o t h e r t a l d n g of all or an y _
<br /> �'y part of the Property. S�ch pr o c e e ds s h n l l b e conDi de r e d p a y m e n y p d w l l l g g e p p l i e d n s p rovided y this Securi�ty _
<br /> d: Instnitnent.'I2ile assigument of proceeds is subjcct to thQ tetms of�n rior mort a e,deed of trust, secunt agrotme _
<br /> - ., other lien document. =.
<br /> r � 19. INSQIRANCE.Trustor shall keep Property insured aBainst loss by fire,flood, theft and othcr hazards and risks ressonablY _
<br /> ;, associated with the Property due to its type and locadon. 'Ihis insurance shall be maintainal in the amounts aad for the
<br /> � t'+r � periu�a that Seneficiaryrequins. 'Ihe insurance carcler provi� the insurance shall be chosen by Trusror subject to
<br /> ' ��• $enefici 's approval, which s6a11 not be unnasonably withttell. If Trustor fails to malntain tY►e cmverage descrlbed
<br />- above, Benefici�ry may,at Beneficiary's option,obtain coverage to protect Beneficiary's rights in the Property xcordin8
<br /> _ ___`_ ' to the tcrm4 of tni3�ecunry mscru«�i•
<br /> All insurancepolicies and renewals shall be ac�ptable to Beneflciary and sAall includc a staudard"mortgage clause" and,
<br /> where applicable. "loss payee clnuse." Trustor shall immediately notify Beaeficiary of cancellation or terrtunadon of the
<br /> insurance. Beaeficisry shall have We rlght to hold the policfes and renewals. If Aeneficiary requires, Tr�stor sha11
<br /> i m�eciiate notice t°t�B i��I�an���E�a�a s�efielary.Bene c arY may"�°Pr°°f of oss�if notsmnde i nmediately by
<br /> � ' Trusror.
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