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<br /> At the option of I.ender, all or any part of the agreed fees and charges, accrued intetest and pdncipal sl�all bewme W
<br /> � immediately due and payable, after giving nodce if rcquired by I�w, upon the occunence of a default or anytlme -
<br /> i thcreafter. In addition, l.ender shall be entitled to all the reinodies pravlded by law,the Evidenca of Debt,otlier evtdences
<br /> of debt,this Mortgige end�ny related dacununta. Ap rcmedlea cue disttnct,cumulative and not excluslvc,and the Lender
<br /> � Is entitled to ell nmedies provided�t law or equity,whether expressly set forth ar not.The wcceptance by Lender of uny _
<br /> swm In payurcnt or partial payn�ent on the Secured Debt after the balance is due or is accelerate�or after foreclosure
<br /> procadinga xn filed sball not canstitute a walver of Lender's rip,ht to require full and complete cure of any existinA
<br /> � default. By not exercisin� eny nmedy on Mongagor's dofault, l.ender does not waive Lender's right to later coneider the
<br /> � event a dcfault if it continues ur happsns agein.
<br /> 18,REDEMPTION. Mongagor agrees that in the cvent of forxlosure of this Mostgage, at the sole discntion of Lender,
<br /> Lender may elect to reduce or catend the period of rodemptton for the eala of the Property to a period of time as may then
<br /> be auth�riud undtr the circumstances and undtr any secelon of Iowa Code Chnpter 628,or any other Iowa Codo section,
<br /> now in effect or as may be in effxt at the time of foreclosun.
<br /> 19.EXPENSES; ADVANCES ON COVENANTSi ATTORIVEYS' FEES; COLLECTION COSTS. Eacept when
<br /> ;� prohibited by law,Mortgagor agreca to pay all of Leader's expenses if Mortgagor brcaches any covcnant in thiA Mortgago.
<br /> �y Mortgagor wfll also pay on d�mand ail of Lcnder's expenscs incurnd[n collecdng,insuring,preserving or protecting the
<br />,�j Property or in any inventories,sudits, inspoctions or other examination by I.ender in respect to the Pcope�ty. Mortgegor
<br /> agrecs to pay all costs and expaases incurrat by Lcnder in enforcing or protxting Lcndcr's rlghu and nmedies under this
<br /> � Mortgage, u►cluding,but uot iimited to, attorneys' fas, court casts,and other legal aapenses. Onca the Securcd Debt is --
<br /> . fully aad finally paid,Lender agreess to reiease this Mortgage and Mortgagor agras to pay for any recordation costs•�►1l
<br /> � such enwunts are due on ciemand and wiU bear interest from the time of the advana at the highest rate in effect,frorn time
<br /> - to time,as provtded in d►:Evidence of Debt und as permitted by law.
<br /> � 20.EIWOtONMENT�lI.LAWS AND HAZARDOU3 SUBSTANCES.As usr.d in this section. (1) "Hnvironmental I,aw'
<br /> - meu�s. without limitation, the Coraprehensive Eaviroamental Itesponse, Cumpeneuion and Liability Act(CERCLA, 42
<br /> `j U.S.C. 96Qt et soq.). all other federal, state and local 14ws, regulatioas. ordinences. wurt ordera, attorney general
<br /> � opinions or interpretive letters conceming the public health, safety, welfue. environment or a hazud�us substaace;and
<br /> (2) "H�zardous Subataace"me�na any toxic.radioacdve or hazatdoua matedal,waste.pollutant or contaminant which has
<br /> = cbancteristics which reuder the aubstauce dangerous or poteatially dangerous to the public health, aafery. welfare or
<br /> environimnt.The term includes, wlthout limitation, Any substances definal as"haurdous matedd,' "to�ic substances."
<br /> ' '��Q�. .���" .�r " a�a _rn�a gnhatance" under any Environmental Law. MartBaBOr represents, warru►te and agreea
<br /> th�t,except u proviously disclosed and acknowleaged in writing:
<br /> A. No Hizirdotu Subsana has been,�S,or wlll be located,uansported,mu►ufecturcd,acnied,nfu►ed,or handled by
<br /> any person on,undet or about the Pcoperty,except in the ordinary course of businesa and in aMet complinuuce wlth
<br /> all applicable Envimnmontal Law.
<br /> B. Mortgtgor ha� not and will not cause, conMbute to, or permit tho nleue of any Hazyrdous Substance on tho
<br /> C. Mo g�gor wilt immedi�tely notit�Lender if(1)a release or threatenod releue of Haurdoua Substu�ce occun on.
<br /> under or about the Property or migrates or thrcuena to migr�te from neirby property;or(Z)thec�e i�a violadan of
<br /> any Environmentv Law concerning the Properry. In such an event Mortgagor will talce dl noassary remediel
<br /> action in uccoMana with Envimnnxntel Law•
<br /> D. Mortg�gor has no imowledge of or rason to believe there ia any pending or thrratened investigation,claim, or
<br /> proceediug of any kind nlating to(1)any Huazdoua Substance loceted on.uader or�hout tho Property;or(2)any
<br /> violation by Mortg�gor or aay tea�u�uf a�y Eavironmeutal Ia�w.Mong�gor will Immodtetely notify Lender in
<br /> writing us soon as?.iorig,gor haa reason to beHeve there ia any auch pa�diag or threuenad invqtig�tion,claim,or
<br /> procteding. In such an�vent, Lender has the rlght,but not tho obligation,to puNcipate in u►y such proc�eeding
<br /> including tbe dg�t to nxive cogfa of aay docuwents nl�ting to such pmc�eedings. '
<br /> B. Mortgigor and every tcnvnt luve baa,ere�ad ah�ll remsia in tWl compli�ace with tay�pplicabla Envimnmental
<br /> l.xw.
<br /> F. Thcre are no unAergtound stor�ge tanks,private dumps or open wells located on or undor the Property eud no suoh
<br /> t�alc,dump or well will ba a�ddat unless I.�nder tirst conaeuts{n wrlting.
<br /> Ci. Mortg�gor will regululy inspect the Property, monicor the activitia �nd operations an the Propeny, and coafirm
<br /> that all permita, liansa or appmvala requircd by �ny appllcable Environaxattl Uw are obtaiued and compliod
<br /> with.
<br /> H. Mortgagor will permit,or c�usc any teaant to permit. Lendor or I,endcr'a�gent to eater and laspact the Propeity
<br /> — and reviaw all records at any reasonable time to determine(1)the exiatena,location and aature of�ay Hazudous
<br /> 5ubstonce on, under or about the Property; (2)the existena, lucuion, n�ture,and magnitude of any HazArdous
<br /> Sub�tu�ce chac haa been releAaed oa,undor or about the Properc}+:or(3)wheWer or not Mortgagor and any tenant
<br /> ue N compliuxe with applic�ble Bnvironmeatal Law.
<br /> I. Upon Lender's crquat and at uiy ticr.e, Mortgegor agree,+, at Mortg�gor's expense, to eng�ge A qualified
<br /> environmental caginar to prepan m envimnmeatal audit of the Propeny and to submit the resulta of such audit to
<br /> Lender.'1'he choia of the environmental enginar who will parform auch audit is subJect to I,ender's approval.
<br /> J. Lender has the right. but not the obligation, to perform any of Mortgigor's obligations under this section at
<br /> — Mortgagor's expense. -
<br /> � K. As a cotisoquenoe of any breuh of any representntion, wuraary or promiac m�de in this section, (1)Mortg�gor
<br /> will indcmnify and hold Lendor u�d Lendcr's sucaessor�or assigas barmless from and agaiust all losses. cleims,
<br /> — donn�ods. liabilities,damages, clemup,responsc and remaliation coste, pea�lties and expensea, including without
<br /> = limitation all costs of'litigation and attomeys' fas,which Lender and Lender's sucoessora or assigas may sustain;
<br /> — uxl(2)u Lendcr's discretion,Leader may rclease this Mortgege and in retum Mortgagor wdl pmvide Lender with
<br /> — ....u.�...t ..4'.r�...e.�,.o] ��1....en�h� Pmwir�v srri�ml hv tl�ic Mnrtnane wi�hou►nreiudice co anv of L.ender'a
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<br /> � rights under this Mortgege. -
<br /> � L. Notwithstuiding any of the Ian�uage contaiined in this Moctgage to the contrary� cha tercns of this sectiou shalt
<br /> � survive any fonociosun or satisfaction of this Mortg�gc rcgiMless of any passagc of title tn Lcnder or any
<br /> � disposition by Lender of any or all of the Property.Any claiws and defeases to thc�rontrary arc hereby waived.
<br /> -_�
<br /> '� 21.CONDFMNATION. Mortgagor will give Lender prompt notia of nny action. real or threatenal, by private or public -
<br /> .= entitie�to purchase or taice any or�ll of thc Property,including any casem�nts. through wndemnation� cmincnt domain,
<br />�;� or eny other cneaas. Mortgagor further igm,es ta notify I.ender of any psocetding�instituted for the estsblishment of any
<br /> � sewer, wxter, c�nservation, ditch. draimge, or othei distdct relating to or binding upon the Property or any pan of it.
<br />__�: Moctgagor authorizes Lender to intervene in Mortgagor's name in eny uf the above described actions or claims and to
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<br /> -� O 199�O�nlKS SyttwnL�n�:.•6t.Cloud.R1N It•EOOJ974N11 Form AOICO�MTU•IA 614L86 °
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