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<br /> cxccutcd��►r�c . . �NMJ�t1�IN�'.�; . ring ur Ku�aruntylnk thc Sccinr�0 I)chl, /�g�►cxl i'uUh Iklicf hy I.�n�lcr ttm�
<br /> I.cndr,r uf Kcutc with rc►�xct lu uuy�x:i�wm�er c�HltynNllKnlc�l u►�Iht kcutc�!Ual�t�rr Ilttrt Utc��rus�xcl -
<br /> uf iiny pf�ymcnt ur Ihc v�►luc c►f thc PropcNy is hu>>uircd hh�all nl�e�c�nt�Iiluiz im cvcni��i ileil�ult.
<br /> IS. 11F:Mk:1)IF!1 11N 1)F:hAUI;I'.In sinxic Iminnccs, fcdcr,ti! amd sNUC I�iw wUl rcquiru I.�ndcr I��pruvl�lc(ir��ntu�N�I�h
<br /> uulicc nl' thc right ta curc or uthcr nc►Iires nn�l muy cstahlivh timc+chadulcs f��r furcrh„urr nrUum.tiubJcct t��Ihcw
<br /> Ilmiledmty,iF nny. I.cnd�r muy ecccicr+►t� thc Securcd Ucht und t'orcclusa thi� ticcurily Instrumunl in u riiuurtcr
<br /> provided by law ii(irnntor is in di:fault.
<br /> At thc uptfon uf l.,cndcr,uU c�r nny pnrt ut thc+i�rccd fccs�ind chnrgce, uccrucd intcrc.r•t r+nd princip�d shuil hccrnn�
<br /> immedi��tcly duc sind p»ynblc,aftcr giving noUcc if rcquircd hy Itiw, upun thc�x:currencc of n dcinult ur nnytinte
<br /> Ihcrc:aftcr.In additton, I.c:n�ier shnll hc untitled to all ihc rcmedics pruvidcd by luw,tlic t�rms of thc Sccurccl Dcbt,
<br /> this Sccurity lnstrumcnt and imy rcltUcd dcxuments,including without limitc�tion,thc powcr t��scll thc Pra�x:rty.
<br /> iF therc is n dcf�ult,'Crustcc shall,in i�dditiim ta nny athcr pcmnittcd remedy, ut thc r�qucst c�f thc l.a:ndcr, i�dvcrtisc
<br /> nnd scll thc Propcny as t�wholc ar in scpnmtc piirccls ai puhlic nuctinn to thc highetit biddcr for cash und conWCy
<br /> absolutc tide [ree and cicar of all right,title nnd intcrest af Grunte�r at such time and placc;as 7'rustec designutcs.
<br /> Trustcc shnll givc natice of sale including the time,tcrms nnd pli�r.c of snle nnd a descriptinn of tht prope:rty to tx;sold
<br /> as required by the Applict►ble IAw in effect ut the timc of the proposcd sale.
<br /> Upon sale of the propr,rty F�nd to the extent not prohibitcd by Inw,Trustee shall make:nnd dclivcr a decd to tl�c Prapc:rty
<br /> sold which convcys lbsolute title to the punhaser,and after C�t payins;aU fees,char�;es and costs,shuU pay to L.ender ull
<br /> moneys advanced fpr repairs,taxes,insurance,liens,asseu�en¢s and prior encumbranoc:s and interest thereon,and the
<br /> principal and interest an the Secured Debt,paying the sur�lus,if any,ta Grantor.LcncEer mny purchase the Propexty.
<br /> Th�recisa!s an any�ee�af c�nveyar::e sl�aU!rc�zinta fe:i�evi�±�°L'f Qf!�!_F'«z4S St'.l CII�fhl'SE:tl1.
<br /> All remedies are disdnct,cumulative�nd not exclusive,and the Lender is entitled to atl remedies pruvided at law or
<br /> equity,whether or n�not expressly set forth.The acceptance by I.ender of any sum in payment or partial payment on the
<br /> Secured Debt atter CI�e balanc,.�es w�ue or is Accclerated or;ifter foreclasure proceedings are tiled shall not constituR¢a
<br /> waivec c�f Lender's r9Fht to r�t�i�i*:r�somplete cure of any e�.is�ing default.By not exercising any remedy on Grantor s
<br /> defaasll,�.ender ijacs not waive l.cnder's right to laeer consn«'le,the cvcnt a default if it cuntinues or happens again.
<br /> 16. EXPENSES; A�'4'.iMCES ON COVENANTS; ATT(DYtNEYS' FEES;COLLECTION CQS'i�'S.Exccpt whcn
<br /> prohibited by i�tir,:�rAntor agrees to pay aE��+'i T..c:nder's c„Ypenses if Grantor breaches any co�•er���a't in this Security
<br /> Instrument.Gran2nr wiU also pay on demanc��ny amoi��at incurred by Lender for insuring,inspecting,preserving or
<br /> othc�wise prutectif�g the Property and Lender's securEty iin�te:est.These expenses wil!bear intr,rest from the date of
<br /> tha ��}�ept until paid in fuU at the highest inter,,st re��. in effect as provided 'ea41?ie terms of the Secured Debt,
<br /> . Grar_2.-�r�gre�a!�7�pay all costs nnd expenses�mcurred by Lender in cvJ�eci�A�,enfcn���ink or pratecti�fg Lender's rig4ts -
<br /> tlllU[CIIIC[1SC`u k.."iGtCT'l1�75 JCGtlT�ly IIIJtI W71GUt.�i lll,311IlUUltl[ltay Iqt;329r1i',�7A1 .i5]�'in7 711DL�CU tU.:13YG31'UGYJ tCCtf�Cutllt , "
<br />. cost�s,and otRes���•�l expenses.T�is Security Instrurner.t:�'n�ill remAa:n in�'t'I:La rtin�i�:released.Gt�n'tsr agFees to pay
<br /> for any recordation costs of such releaso. .
<br /> 17. ENVIRANMENTAL I.AWS AND NAZAItDOUB 5UB�TANCES.As used in tl�is s�.ciion,(la���7ronm�r.+la�iL�w�
<br /> means,withnut limitatiun,thc Comprchonsivo�nvtronmentsl Response,Compensatton and Liabi➢iuy Aci(C�RCLA,
<br /> 42 U.S.C. 9601 et seq.), and all other fedcral,state and locat laws. regulations, ordinances,court orders, attarney
<br />. general opintons or interpretive letters concerning the public health,sa�ety, wel4'are. environment or a hazardous
<br /> substance;and(2) Ha�.ardous Substancc means any toxic,rudioactive or hazardous material,wastc. pollutant or
<br /> contaminant which hns charactcristics which render the substance dangerous or potendally dangerous to the public
<br /> health,safety,welfate or environmcnt,The term includcs. without limitation. any substances deCncd as"hau►rdout
<br /> matcrial;'"toxic substanccs,""hazardous waste"or"ha�ardous substancc"undcr any Environmcntal I.aw.
<br /> Grantor represents,werrants and agrces thar
<br />: A. Exccpt as previously disclosed and acknowledged in writing to Lender, no Hacardous Substance is or will be
<br />� located,stored or released on or in the Property.This restriction dces not apply to small quantities af
<br />- Hazardous Substances that are generally recognized to be appropriate for the normal use and maiatenance of
<br /> the Property.
<br /> . B. Except as previously disclosed and acknowledged in writing to Lender,Grantor and every tenant have been,are,
<br /> and shall remain in full compliance with any applicable Environmental Law.
<br /> C. Grantor shall immediately not(fy Lender if a rclease or threatened relcase of a Wazardous Substance oocu�s on,
<br /> . under or about the Property or thcre is a violation of any Environmental Law concerning the Property.In such
<br /> an event,Grantor shall take all necessary rcmedial action in nccordance with any Environmcntal Law.
<br /> D. Grantor shall immcdiately notify Lender in writing as soon as Grantor has reason to believe there is any
<br /> pending or thrcatcned investigation,claim,or proce;eding rclating to tlie rclease or threatened release of any
<br /> Ha�.�rdotts Substance or the violation of any Environmental I.aw.
<br /> 18. CONUEMNA7iON.Grantor will give Len�er prompt notice ot ae�y pending or thrcatencd action,by p�i��ate or
<br /> � public cntitics to purchasc or take any or all of the Property through condemnation,eminent domain,or any othcr
<br /> means.Grantor authorizes Lender to intcrvene in Grantor's namc in�ny of the above described actions or clainns.
<br /> Grantor assigns to Lcndcr thc procecds of any award or claim for damages cQnnectcd with a condemnation or other
<br /> taking of all or any part of the Property.Such procecds shu�l be cc�nsidered payments and will be applied as provided in
<br /> this Security Instrument.'fhis assignment of proceeds is subject to the terms of any prior mortgage,decd of trust,
<br /> secw•ity agreement or other lien document.
<br /> �9. INSURANCE.Grantor shAll keep Property insured against loss by fire, flood, theft and other hazards and risks
<br /> � rcasonably ussceiated with the Property due to its type and location.This�nsurancc shall bc maintained in the amounts
<br /> and for the periods that I.ender requires.Thc insurance carrier providing the insurance shall be chosen by Grantor
<br /> subject to Lr.ndcr's approval, which shall not bc unrcasonably withhcld. If Grantor f��ils to maintain thc covcragc
<br /> described above,Lender may,at I.ender's option,obtain coverage to protect Lender's ri�hts in the 1'ropeny accordin¢
<br /> to the terms of this 5ecurity Instrument.
<br /> All insurance}wlicies and rene�vals shall be acceptable to Lender and shnll include a standarJ"mortgage clause"and,
<br /> where epplicabte,'9oss payee clause:'Grantor shall immediately notify Lcnder of c;mccllation or termini�tion of the =
<br /> insurana:. Lcnder shall havc the right to hold the policics and renewals.if[.cnder requires,Grantor shall immediatcly
<br /> give to Lender all receipts of paid premiums and renewal notices.Upon loss,Grantar shall give immediate notice to =
<br /> thc insurance carrier and L.ender.L.ender may mnke proof of lnss if not made immediatcly by Grantor. __
<br /> �. , � �.
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<br /> (page 3 0l4) --
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