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<br /> --� <: �` ezeeuted far the pucpos$of crea6ng,securing or guarsntying the Scaued Debt A gond faitb belief by 1.cader tRat -
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<br /> .�;z. � ixnder a�an�r.time is insecuse witb�sFect to any peis+aA or eatity obli�,atRd�s the Secured Dcbt or thnt the praspect , ..n.
<br /> � � � of atry pa�ent or the val�e of the Fsoperty is impaued shai!also cun.s't�lute an evcmt af defaut� � '
<br /> -'"�` "�:- �5. RER9EpYL�S OIV D'lEFA1JI.T.Iu some instences.fedcril and state ta�v wiU require Leadcr ta provtd:Grantor with �
<br /> � �� � f� '� norioe of the right w cure or athQr notices and may estabtish wne sshedules for iorec2o�urc actions.Subjc�ct to these (� � '�`
<br /> � �� ' limitations�if any,Lender may acceterate the Secured Debt aad fareclase this Security Instrumeat in m.mnnner � ;;�,=
<br /> . '�4� . `� provided bylaw if Grautor Is ia default. ,,.�_..
<br /> �``�t"�;'f. `�� At tIte opi�on of Lender,aU or any part of the agreed fees a�td chazges.aoaued interest anA prindpal shall6eoame � .,"t,r``
<br /> �_:�� immed.iatelq dua and payable,after giving aa�ice if required by law,upon the occurrence of a default or anyiime � �
<br /> � thereafter.Tn addiUuu;:�.�eader sfisll i�e entitled to al#ttre rcrnedics presvided by la�v.the ierms of the Secnr+et!Deht,
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<br /> .'"i�-. `. ' this Secmity J�siivmant�aud any retaied docmaents,inc[udiag wlthout limitatioa.tiie pawes to seU the Property. � �:�-_
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<br /> " � �'' if lhere.ic'a de€a�tlt;;�'NSted.shall.in additioa to ather er�nitted remed at the re uest of the Leader.advertise
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<br /> •` }f ,� :,,� and seU;the.pnppp�y��a;vfi+�le or in separate p�arcels at pub&c suctioa to the hig�t bidder for c a s h an d oonvey. � �
<br /> ��,�s„`�'`. absatuta;title,free�a�tl�af sII ri�ht,title aad:intEresK of Giantor at such dme aad ptare as Trustee designates. �`°:-
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<br /> , ��1�.�'.,a.�.;..- Ttustae•�h�A g,1u�,tiutine o�sate includ'mg the time,teims and plac�e of�ale aatt a description of the property to be sold , x .
<br />.,,;.f",,``��,._�:::,�,.:..b . as ret�t!�d:M���e ap�licable!aw in effect at We time of t�te praposed sa2e. �-
<br /> ;_;.r,:.-�.,.F ,,: „� , . Upoa s�:o�t.h�pmperty and to ti�e extent not prohtbited by taw�T�nstee shaII make aad de�iver a deed to ihe Fropert�+ -
<br /> , •�``e : ::: `.,:�, -.'; so2d wl�araveys.absolute title to the pnn�aser,and after 6rst Faying all fees,cWatges and oosts,sha11 pay tn Lender alI a,
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<br /> �;:-;.3� `'=,. . ,:��. moacys advauoed fbr repaiis,tages,insurance.liec;s,asse�ents an¢prior eucu�6raaoes and interest tieeceaa.and the �__�_
<br /> °,'� " ��: PrmcTPal and'mterest an t1¢e�ecured Debt,Paying t6e satph�.if anY,to Grantor.Lender may purchase the Ptoperty. ��
<br /> , .,, :•, � ° . � The recitats in any de�of�onveya�coe�ha1T be prima facie ecideuoe of the facts set forth therein. ���
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<br /> ,;s�c�+� . . Atl realedies are dini�3,Camulatice a�d pnt cxduave.and thc Lender is entitIed to all remedies pmvided at law or r�._�:;
<br /> ,' equity�whevlier oz nut e�n.�ssly sst€+q�Bt TDe a�taace by Lender of atrysam ia payment or partiat payment on t�e - �
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<br /> ",�` ? �� Seatred Debt after the Ln-�..nre is dae or is aa�efer,�t�or after foredosure p�u�ing�are flec!sirqll aot ceastitute a G--
<br /> �;� ;��wauver of Lender'e rigtSemQ:sec�aa+e comp3�e c�e,���y exisung defautL�,`a�.,,¢$sercising any re?medg oa.�rantoz's �;
<br /> �`'�f ��'' defau�t,f.ender daes no��'sve i.ender's right ta�'�rconsider the event a de�rQ:!!it'd�it continues or haP��agam. . -_`�=:-
<br /> :'� ' . I�.E?�PF•Ni�;ADYAPiC�S OlY C4A�:'VA11i�_AT'�ORNEYS'FEES;T,�'ial.H.ECTTOPi CO�TS.�ept wke� , �-
<br /> �;�` ,r _ proh'6itecF:�iaw.Gra�itor agree&La��.;�af�,.'�de�s expenses if Grantbt b;eaches any caqenant ia�s Secarit;k � _:
<br /> Iastna�nem.G�antor�2Tso pay����d�;�Qunt inaured by Lend�:¢or insnring.insP�g•P��;�tt •�A ;
<br /> � , , ,'; � othe�a+ise protei�ng tt��erC9�3�dei's�p inter�st.These�w�l.bear iaterest fi�as i�cl�te� =`..�
<br /> ,�r�:, �;; . the payment uat�.�idf u���.ill.at�:�ast i�.��rate.in effe�x.as��;�d��i in the terms of the S�`i�f��.��.'.- _
<br /> ° F ' Grantar a��o F�a��qst�au�+�x�inc�z3�sy,Len�ub.�����en�orcing ar protecxing Ler,�r's r�.�i� - _-
<br /> ,� ,°,�`�`., . and remrx�:�*sd�c thh�Se�uity Is� ..a�i...,�em.'FI�s�atutt c�avr�ri����;is not limited w,atiom��e,�w+60� _
<br /> ,�����.`;;�`4� w s�,a n d�t r�r 1 e g���,i�s e s.'I 9�i�S e c u r i ty 1 n s�..�s h a:l i;?��r'..�i:s.r�'e c�u n ti l reteased.G:aator z��m,g;�` ., ---
<br /> `r"� for any recordation ai�r�such retesse. ° . � • ,�,�. '�.. `.�..
<br /> . �` ,'' ., 17. Lr1�iYQtONMEI�Ti'AY,tZ�� 6f►S A1VI1 HAZARI?()93�SUBSi'AN�FS.As used in t6is searon,(1)Envuvs�.°•ntal Law
<br /> . . . ' meaas,without timitation,the Compmhensive Environmentai Responce,Compeasation and Iaabil'ty Act(CERCLA, � - ,
<br /> " ' � ' V� �� 42 US.C.9�41 et sec�.},and all other federal.state aad tocal laws,regulations,ordinances,court orders,attomey =
<br /> - � ` ��`'� general apinions or interpretive Ietteis coaceming.tHe public health,safety,aelfare,environiueat or a 6azardous
<br /> �,:`:°. .--.-��-`- �Stance:snc!{2�Harardeas SW�siaace meaas aay tuaic,radioactive or ha�ardmtis materi�l.waste,Po}�t�tant or =
<br /> • contamanant which has eharacteristics whish render the snbstatice dangemus or potentealty dangerous to the public
<br /> �•;� : • health.safery,welfare or environment Tt�e tertn includes.a+ithaut limitatlon,any substances de5ned as"hazardaus =_-
<br /> � - � . material,""toxic substances,""hazardous waste°or"hazardous substanae°under any�n�iruamental Law. �
<br /> - � . „� t :� Grantor represents.warrants and agrees tlzax =
<br /> . .. A. Except�s previously disctosed aud acimowiedged in writing to Leader,no Hazardous Substance is or w�l be
<br /> , ,. . . � located,stored,c��.released on or in the Property.This resiriction does noi apply to small qaantities of -
<br /> � , `�;'; . Harardous Sub�res that aze generaIly reca�ized w be apprapriate Por the no:mal uss and taa+�tanae of
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<br /> . ; the Propertq:. . �� . _ . -
<br />- . . , . B. Exo�t�,s pr�n;nusly disctosed aad acknowle�ged in writing to Lendcr.GTantar aad every tenant havi 8een,are,.. -°_ --
<br /> � • _�.�. arid�reu�m fuU campliance wit6 any.r,�licable Envuonmental Law. . . __..
<br /> C. GratsEarr sfiatl�jiimsi�diately noiify Lender if�.sc�r„ase or tHreateaed telease of a Ffazardous Substanar�curs on; . •���-
<br /> ' � � . under or a6ou¢illsr Property or there is a vial�m of anq Environmeni�,l Iaw conceming t�te Pra�t¢rr��:In such �:-
<br /> '�� . ' an�vent,Granta�ishaU take aIl necessary rem�eafia3 act�an�u accordaaiu��tth any Environmental Law: .
<br /> .��' � . D. Grantor shall immediateiy notify Lender in wriUng�.s:�±von as Gra�ttor has reason to beHeve there is any =
<br /> . � . pending or ttueatened imestigation,claim.or proceeiti�relating to the release or threatened release of any =-
<br /> _ . ' . Ha�ardons Sub��ese or the viotation of any Bgv'uonmental Law. ..� � m_
<br /> . � . � � I�L �OIeiDENI1VATION.(Ga:antor will give Lender��smpt norice of any penaifn�or threatened actIon,.i>c,;private or "'--
<br /> : .� . public entities to purcliase or take any or all of tLtc Praperty through oor.d�t�.-^�ation.eminent domaiii;r�any ottter "
<br /> �`-,:°.
<br /> � ° � • means.Graator sutttorizes Lender to mtenrene fn Grantor's n:1pt�in any o�the abave described acrions or claims:� . .�_
<br /> -. � . � , 'Grantor assigns to Leader the proceeds of any award or claim.t;rrrr�amages connected arith a coademnation or athei*.�.•= �,;;:::
<br /> ' taking ot all or any part ot the Property.Sach proceeds shall be can'sidered paymeats and will be applied as provided.ttij��.�r' ' `;��
<br /> ��_•� -� tbis Securiry Instnunent.'I�is assignment of praceeds is subject to t6e teims of any priar mortgage,desd of tr+�ty�'•'� __
<br /> ���`:j?�:. � � security agreement or oiherlien doaimen� �:'�.'`� `�'�-
<br /> ' i9. IN5UY3ANCE.Grantor shall(ceep Praperly insured a nst ioss b fire.ftood.tIleft and osher 6azards and ris4��
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<br /> � reasonably assticiated aritb the Property due to its type and lacation.7his�nsurance sflaU 6e maintained in the amounts �:�
<br /> � ' ._•� ➢ aad fos the periods that lxnder requires.'I'�e insurance carrier providing tho instuance shall be chosen by(irantor �
<br /> � � � snbject to Lender's approval.which shall not bs unreasonably withhetd.If Orantor(ails to m�►intain the wverage ..M _
<br /> , �� ` ,. , descn'bed a6ove,Lender may.at Lcnder s opdon.obtaia ooverag�e to protect l.ender's rights in the Property aocording '� -
<br /> '... to We temos of this Secutity Instrumeat. �� �.
<br /> � � , Al1 insurance policies and renewaLs shall 6e aoceptabte to Lender and shall inctude a standtvd"mortgage ciaase"and. `.
<br /> - , . � . where applicab2e."tass payee ctause."Grantor shall immediatety notify Lender of cancelt�tIon or tem�inntian of the� �
<br /> ______ __ __. v� insuraace.Leadet shall have the right to hold the policies and renecvals.If Lender requires.Orantor shtill immedintety
<br /> • �; �� give to Lender all receapis of paid premiums and renewal notiocs.Upon las�.Grantor shall give immediate notice to
<br /> - � • :�`- etre msurance camer and i,ender.l.ender may mage prooi of toss�t not made immediatety by Grantor. —
<br /> • . • • (pa�s9ot4)
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