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<br /> � 98�� ���see
<br /> exceutcd for tho pur�xxcc:of crcating,sccuring orgunrantying thc Sccurcd f�eht. A gixxl falth tn:llof by Lcndcr tfiat
<br /> L.c:nder nl npy time is insecure with respect to nny�enon or entity ot+ligatcd t�n thu Se:cutcJ Debt or thnt lbd pnb�ect
<br /> uf eny peynt��tt ur the value oF thc Prc►periy i5lmpaired shell nlw rnnstitutc im evant of cicfault.
<br /> 1S. RFM�:A1F9 ON DEFAULT.ln some instancxs,fedcrAl and stwtc law wi0 rcquirc l.ender to provida Grnntc►r wlth
<br /> notiee of the r�ght to eure or other nWica ancf mAy estAblixh tin►e sehedules for foreeic�cure actions. Subjuct ta U�ese:
<br /> limitetions. it any, Lender mfly necelerate thc Secured Debt and forecinse this Security Instrumcnt in u mannur
<br /> providcd by faw iC Ciruntor is in default.
<br /> At the optian ot[xnctor,ali or nny part af thc agreed fccs and charges,aocnicd intcrest and principal shatl bernmo
<br /> immediately duo and payahle,after giving notic�if required by law, upon the cxcurrencc af a default or u�sytime
<br /> thereatter. In acklition,C..endcr shaD lx;entiticd to all the remedies provided hy lnw,thc terms af thc SecurcJ Dcbt,
<br /> this Security lnstrument a�d any rclatcd doGUm.�ms,including without limitntinn,thc�wer to scll the Praperiy.
<br /> If there is a del�ult,7'rustec shnU,in adc�i.r.icm c�a any othcr permitted remedy,at the requcst of thc I..e:nd�r,advenisc
<br /> und sell the Pn�eny as a whole or i.R:�:�.r�r.r�parcels nt public nuction to the itighest bidder tnr cnsh nnd convcy
<br /> absnlute litic Cree and clenr oi a!!ri,�r.,ti.RGe aexl intcrest of Cirs�ntor at such timc nnd plece as Trustce designntcs,
<br /> T�ustce shall give natice ot sa�e i�xctucling�t�e c�rac,terms and place of salc nnd a descri�ntion of the property to tx:sold
<br /> as rcquired by thc a�►I!i�c;�h�e[aw in effcct aA the�ime of the propnsed sale.
<br /> Upnn sak oi tl�e�►ro�rty an�E ta thc extent ceot�-rohibited by law,�„sc��S�are mak�ar.r.c!deF.���ee•a cJe:c�J�to the Pr�erty
<br /> sold whieh oonvtys xtx;�(ute tit6�to the pucchaser,and after first paying all fec:,,charges aeu!n�sts,s9oa,tS�}nt,3�to l,enckr all
<br /> moneys�dvanad for repairs,taxes,insuranc.e,liens,a.csessments and prior encumbranc�art,d in1G�,r ih�reon,and the
<br /> prit�cipai and interesi an ihe aecu�red i?cbt,ua}ang tne surpius,i�any,ta cirantor.Lenr,J.r�r i�:�n�r!�tna•ciias�the Properiy.
<br /> 'il�e recitals in any�ieed of com•eyz�nce sha�R.�k��a.rama facie evidena of the facts set fortE►,rtG��i��.
<br /> All remedies arc distinct.cumulative and ans�1��.L:usive,and the I.endc:r is entitled to al!romeclir;�dr.r,,�ided at lav►or
<br /> equity,whether or not cxpressly se1 tcr�ilh.'4'1�����c.ptance by L.ender oi anr stem i�pn��me�et nr parte:�R payment on thc
<br /> Sccured DeM atter the balunce is dvM;��r is a.-u��k:r�ted or atter forcckiswti:prace�cdings are fled shal!not constitute a
<br /> waiver of[.ender's right to requirt�;c*,�rq�yeip curc of any existing defaul�.By not exercising any remedy on Grantor's
<br /> default,L,ender does not waive Lt:r�c1W�r',right io later consider the event a de�'ault if it cce�uinues or happens agriir�.
<br /> 16. EXlE1V5E5; ADVANCES ON COVENAN'I'S;ATTORNEYS•FEE�;COGLECtlON COSTS.Except when
<br /> prohibited by I�w,Gruntnr agrecs to pay all ot'Lender's expenses if Gra»tur breaches a��y covenant in this Security
<br /> Instnunent.Grantor will also pay on demand any amount incuned by L.ender for insuring,inspecling,preserving or
<br /> otherwise prote��ting the Proper��,�t�d C,ender's security interest.These:expenses will bcar interest Srom the date of
<br /> ihe puyment until paid in full at�cFs>_highest interest rate in etf�ct as provided in the terms of the Secured Debt.
<br /> Cif71f1�(N AOftP�If11�l,AV A�I[Y1CtS AfA-.�L��•?�1��'�P_.Z1GPC itlrllf[f`�I I1Y I P(�(I1��Ifl MIIP(`flno;P.fltMC111P[1�I1�n1CCIlI1P Illl(ICI'�S f14I1LS _
<br /> and remedia under this 3ecurity xtisuumere. :I7�a amount may inctude.but is not limited to,atttie•a�,:�s' fees,caurt �
<br /> costs,and other kgal expenses.'I)iis.5ecuritp lnstniment shap remain in effect until rcicased.Gxc�!zY.ar sgrees to pey —
<br /> for any reco[dation oosls of suth�rr�C�a�.
<br />. Y7. ENVIRONMEIVTAL LAWS[��,;:v jf:1:�ZARDOU�SU�S`L'ANCES.As usesl in this r,;.�rzi;rsa,tA).I�d�+r�j�zanmental T�.�,�v
<br /> means,without lirt�itailon.th�:6Yr:��irr�nlc.���ensive Environmental Response,Connpcnsatic�n;uid.ii,:u���►!ir.}�:�'+�(CERf�[;:-.,:
<br /> 42 U.S.C. 9601 et se�.),#nd xil�v��+;ier federal, state and local laws,regulations, Qrdinun��,�o�n�:.:,;*��r�,atto�Dy .
<br /> general opinions or 4�terpretivN le2ters conceri�ing the public health,safety,wclFere,�nv�rynqnK,s�a3 anr,p h�r�ous
<br /> substxnce; and(2) Hs�zsrdous Sr��,lance means nny toxic,radioaclivc or huzardous ma;�rixl, wt�:4(iti,;pollataat or
<br /> oontamuwnt which has cheracte��is�::icc which render the substanoe dangero��s or potept+c�i:ly�dangearus to tbe public
<br /> heahh>safety,welfare or environe;nent.The tcrm includes,without limitation,any su��tcu���a defined�s '•hv.udous
<br /> ma[erial;'"toxic substances:'"hHZUnious waste"or"hazarcbus substance"urxkr any Envi�bnm;ntnl.f_.aw.
<br /> Gn►ntor rcpresents,warrants and agrees that:�,
<br /> A. Eacept as previously disclosed and aGknowledged in writing to Lender,no Hazardous Sul�tt��cice is or will be
<br /> located.stored a�released on or in the Property.This restriction does not apply to s�p�lf quantities ot
<br /> Ha�rdous Substanccs that are generally reonp,nized ta be appropriate tor il�e�nprma�us�and maintennr.ce cai
<br />_ �h�PropeKy „. ,.
<br /> B. Except as p�e,ti�r�utly discli�ed and acknowkdged in writi�g to Lea�ler;�Grantur slsd e►x'ey te�n�n�c�htve been,are,
<br /> and sha�l re�s�+�;:;a,full compliance with any applicabk Fnvironmer�tnl�I.}�w.
<br /> C. Grantor shall immediately nodfy L.ender if a rclease or thrcatened re:i:;•ase of a Hazardous Substsnx oxurs on,
<br /> under or about the Propct:ty or tt►ere is a violation of any Environmental[.aw r��aoeming the Prc�erty.In sud�
<br />- an cvent,Grantor shall tr�U;e af!neassary rcmedial action in aocorc�anve with an j IF�,vironmental Law.
<br />- D. Grantor shall immediat�3D��noti[y Lendcr in v�riting as soan as f,rantor has te�son to t�elieve there is any
<br /> � pending or thrcatened invPStigation,claim,or praceeding relating to the rekase or threat�ned release af�ny
<br /> � Hazardous Substanc+:orlhc violation of any Envirortmenial Law.
<br />' 1B. CONDEMNA'110N.Grsnt«c w��ill�give Lender prompt notice of any pending or tl�rcatcned actio�,by private or
<br />� public entitia to purchase or�n�:`t:�:.�z,ny or all of thc Property thmugh cvnJemnation,cmincnt clomain,or any Mher
<br /> • me�as.Grantor auth;�rites i.��s�.�y io intervene in Grantar's r�ame in an}r uf. the above described actions a claims.
<br /> . Gr»ntor assig,�s to�:II,���c',�r the proceeds o[any�ward or cEai�for d�m�u�(�fi.�onnccted with a oondemnation or dher
<br />,; taking of all or any.��,^;uf the Property.Sucln prcytcerls steal�be c.��sidenrdl l�a:�mcnts and will be appticd as provided in
<br /> , this Security Instrunn°att.'Ihis assignment aE proaeck'ss s�s���Y to the t�:nns�f any prior mortgagr�.decd of trust,
<br /> sc�.�urit�r agrecment or other lieyt dcx�ument. •
<br /> 1!. INSU'•�ANCE.Gra�tor shal!kcxt_�r:Propec�NA�u�suresd agar��;�s� li�ss by fire,flcxxl.theft and othec ha:�arais an��r.rJcs
<br /> . rca.r•ataWy associ�ttad•K�th thc Property dra���c�����;typc and tocation,'Riis ia�suran�r,shall bc maint:ai�roed in�l'�:utaxxaats
<br /> and for the pecivdis;!c�`:,a�Ixnder requin..�s.�11�c:EC�surance carrier providii�•the irisuranee shall b�choesen�by�Cran�cx
<br /> subject to i.end�r'��.,�,proval,wh5c�sh:►li rne�c i�;unreasonably withhel�.if Grantnr faikc to mxiiiraiu thu a�w�r.wge
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<br /> to thc tcrms of this Sccurity Ins���ruitcnt.
<br /> All insurar�:e�ol�ri�;s and n:ncwaFs shall be aaccptablc to Lcndcr and shaQ includc a�i�ndard"mortgagc claus�"and,
<br /> wherr.�,�Tical�le."laxi payee claux."Grantor shali immediately aotify Lcnder of canccllation or terminatia�ot Ihe
<br /> insura.,ti,2,�encler sliaLl havc ihc right to hold the policics and renewnk.It[.cndcr requires,Grantor shall immcdiatcly
<br /> g1YC ll��L.l!1LC�1:1•ull r�,�cei�ts of paid premiums and renewaf notioes.Upon Icns,Grantor shali give immediate no�ice to
<br /> the innivance cbrrier and Lender.Lender may make pra�f Qf lass if nat made immediatsly by Grantor.
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