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<br /> � executed fur thc purputic uf cr�ating.sccuring or�;uurantying thr ticcurcd Drht.A guod f.�i�h hclicf by Lcnd�:r tl�,st �'
<br /> � ' l.cndcr.�t tiny timc is insccurc with rcspcct to any}x:non or cntity uhligatcd un thr SccurcJ Dcht ur thut thc prospcct di,
<br /> � of i+ny paymcnt ur thc value uf thc Property is impaircJ�haU alsu cunstiuitc an cvcnt uf dcLiult. � :
<br /> ,� 15. REMh'DI�S ON UE:4�AULT. In si�ntc instunccs,fcdrral and stntc law wiU rcquirc Lcndcr t�+pnwidr (iruntur with ' ;
<br /> nuticc ot thc right to cure ur othcr nutic�s and may cstablish limc schcdulcs for(orcclusurc actiuns.Suhjcct tu thcsc �_
<br /> limitati�,n., if;iny.L�ndcr nr,iv acccicratr thc Sccurcal Dch� and forcrlcnc this tircuriry Instrumrnt in a manncr
<br /> .__�,� providcJ by law if Graintor is in dcfault. ;
<br /> ��t thr uptiun of l.cnd�r.all or any part u(thc agrccd fccs amd char�;rs.accrurd intcrest and princi�al shc►II hccumc �.
<br /> immcdiatcly duc and p�ryahlc, ciftrr giving nuticr i[r�ryuircJ hy law.upun thr ucrurrcncc of a dcL•►ult or anytimc �_
<br /> ..�a�� t��crcaftcr. M addition. lAnder shadl I�c cntitled tu all the remrdirs pnwidcd t�y I.iw,thc trrms uf thr S�cured Deht,
<br /> . � this Sccurity Instrumcnt anai any rclated d�xumcnts,including without limitation.Utc pi��vcr ti�scll thc Prupert}�. -
<br /> • 1(thcrc is,►dcfuult,Trus�cc shall.in additiun to any othcr permittcrl rcmeJy,at thc rryucst of thc Lcnder,advcrtisc _
<br /> and scll thc Property .ts a �vh��lu or in scpuratc parccls at puhlic.wctiun tu th� highcst hidd�r fur cash and convcy _-
<br /> ahsulutc tiUe frcc:and dc�u of all right, titic and intcr�st c�(Grantur at such timr anJ placc as Tnistrc dcsignatrs. �'"
<br /> � Trustec shall givr naticc of salc including the timc,tcrms and placc uf salc and a description o(thc prop�rty tu hc suld �
<br /> t. .►s requircd hy the:applicablc la�v in effcct.it thc time of lhe propuscd sale.
<br /> L1Fxm salc of thc property.+nd to the cxtent not prohihited hy law,Trustec shall makc and dclivcr a dced t�the Prc�perty
<br /> , �,� soW which cc�m�eys ahsulute tiUe to the purch;+scr,and after fint paying all fces,charges and custs,shall pay ta I.xndcr all -
<br /> moneys advancxcl for repain,taxes,insurancc,licns.assessmcnts and priur cncumbrxnccs and imcrrst thcrron,anJ th�
<br /> principal and int�.rest on the Securcd Dobt,paying th�surplu,, if any,to Grantor. L.�nder muy purrhasr the Propxrty. �_
<br /> . Thr recitnls in any dced o(convcyance shall be prima taci�cvidenrc uf thc facts sct lurth there:in.
<br />� All remcdies arc: distinc�,cumulativc and not cxclusivr,and thc l.ender is entitled tc�a11 rrmedics provided at luw or
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<br />_ „ ' cyuity,whether or n��t ezpressly s�:t f.�,rth.Thc acceptance by Lc:ndcr of any sum in�ayment��r partial payment un th4 __
<br /> ' " Secured DeM after the balancc i.dne or is accclerated or after forcdosurc pruccedings are filed shall nut constitutr a
<br /> ' waiver of L.ender's right to reyuire complete curc of any cxisling default.By not exercising uny remcdy on Grantor's -
<br />�- default.Lcnder docs n�»waivc l.ender's right to lat�r consider thc cvcnt a def.ault if it continues or lu�p�x:ns again. ___
<br /> - � •� 16. EXPENSES;ADVANCES ON COVENANTS; ATTORNEYS' F�ES; COLLF.CTIQN COSTS. L~:xccpt when _
<br /> � prohibited by law.Gran�or agrces to pay all of I.endcr's expensc:s if Grantor brcaches am�•cuvenaat in this Securiry _..
<br /> ' Instrument.Grantor will also pay on demand any amount incurred by L�:nder!ar insuri��c,inspectin�,prescrving�r
<br /> '•±' •"'• otherwisc protecting thc Property and L,cndcr's sccurity intcrest.Thcsc expenses will bcar intcrest from thc date of
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<br /> - , the �ayment until paid in full at the highest interest rata in effect as provided in the terms of the Sccured De t.
<br /> � ��- '' Grantor agrees to pay all costs and ex�xnses incuned l�y l.i:nder m co'tiecting.eniorcinY or pruincti�ig ui,�i�r'�righis
<br />���-'s .�:• and remeclies under this Sccurity Instrument.This amount may include,but is nut limited to,attomcys' fees,court
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<br />�:x"r'' t_�; ' costs,and nther legal ezpenses.This Srcurity Instrume:nt shall remain in effect until rcleased.Grantor agrees to pay
<br />°�'����`+�`z��r� for any recordation costs of such release.
<br />=�::;�,.;��F;�" 17. GNVIRONMENTAL LAWS AND HAZARDOUS SUBSTANCES.As used in this scction,(1)Environmcntnl Law
<br />--::`��`;n:' means,without limit�tion, thc Comprchensivc Environrncntal Response.Compensation and Liability Act(CERCLA,
<br /> �-��``��� �Z U.S.C. 96U1 ct seq.),and e!!��thrr feder�I,v�ate and Iex�l laws, re�ulations, ordinances, court orders, attorncy
<br /> --=_��� general opin�ons or intcrpretivc Icucrs conceming the public hcalth,safety,welfarc,rn��ronmcnt or a hazardous
<br /> �^°a�'��� substance;and (2)�-Ia7ardous Substance means any toxic,radioactive or har.ardous material, waste, pollutant or
<br /> �� contaminant which has charactcristics which rcndcr thc substancc dangcrous or potentially dangcrous to thc public
<br /> ---�=_'�'.lL�t�
<br /> __.—___:�� health,safety,welfare or environment.The tcrrn includes,without limitation,any substances define�!as"hazardous
<br /> -�— matcrial:'"toxic substanccs;"`h�arduus wastc"or"hazardous subst�nce"undcr any F.nvironmental Law.
<br /> ��.Q�� Grantor represcnts,wattants and agrees that:
<br /> a--=�� A. Except as previously disclosed and acknowledbcd in writing to Lender,no Hazardous Subst�nce is ur will�e
<br />---.----'- (ocAtcd, srorcd or rcleased on or in thc Property,This restriction docs not apply to small quantities of
<br /> �-��,��a Haiardous Substances that ure generally recogni•r.ed to be appropria��for the normal use and maintenancc of
<br /> �_:",�=w%"� the Properiy.
<br /> ___.' -'�-�� B. Except as previously disclosed and acknowledged in writing to Lendcr,Grantor and every tenant have been,arc,
<br /> and shall rcmainin full compliancc with uny applicablc Environmental Law.
<br /> 'W -��� C. Grantor shall irnmediately notify I.ender if a release or thrcatened releau:of a Hazardous Substance occurs on,
<br />�„�; undcr or about thc Property or thcrc is a vinlation of any Environmental Law conccrning thc Property.In such
<br /> -:=�-���'�� an event. Grantor shall take al]necess�ry remcdial action in accordance with any Environmental L,aw.
<br /> �=-�==�-?;� D. Grantor shall immedi�itely notify Lcndcr in writing as soon as Grantor has reason to bclieve thcrc is any
<br /> ---. .� pending or thrcatened investigation,claim,or procecding relating to thc relr�5e or threatened release of any
<br /> -- �"�'�`" Hazardous Subs�ancc or thc violation of any Environmcntal I.aw.
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<br />�"'��'"`�''[') 18. CONDEMNATION. Grantor will give Lender prompt notice of any Pending or threatened action, by private or
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<br /> • � - ;.t v.' t1 public cntitics to purchasc or takc any ur all of thc Property throuFh condemn�tion.cmincnt domain,or uny ot cr -
<br />��.�. �
<br />�4.,;_�� ' � mcans.Grantor authurir.cs Lender tu intcrvcnc in Grantor's namc in am�of thc aro�f��S�r�n�a actions or claims. _
<br />=:''�•. ' '� Grantor assigns to Lendcr thc �roccrds of any��vxrd or claim for damagcs connrctcd with a cundcmnation or othcr -
<br />_' ' takin�t uf all or any part of thr Property.Surh pnxccds shall bc considcrcd paymcnts�ind rvill br upplicd as providcd in _
<br />�� this Sccuiity Instrumcnt. This assignmcnt ot'procccds is subjcct tu thc tcrms of any pric�r murtg�igc, decd of trust, �
<br />-' � � security agrcement or other lien document. _
<br /> 19. INSURANCE. Gruntor shall kcep Property insurcd .+gainst Iciss by firc, fluod, thrft and othcr hazards and risks _
<br /> rcasonably ussociatcd with thc Yroperty duc to its typc �+nd location.This;nsuranci shull bc maintained in thr amounts _
<br /> -`,`�•' �,;; and for thc periods that IAndcr rryuires.Thc insurancc rarricr providin�; thc insurancc shall bc chusen by Grantur _
<br /> _..w:..... .,. �,....�...� . .,�r„�aI �vhinc�hall nnt hr unrr:icnn:ihlv withhrld. I[Grantur fails tu maintain thc covcrag�
<br /> -__:- -=�.-. .,.,..�.... .�....... sY,.._.._.. ._..._.. ....... . - _
<br /> - :.�,:�'}� " dcscrihrd ahovc.lxndcr nu�y,at Lendrr's��pticm,uhtain ruv�ragc tu prutrct I.cnd�r'�right.in thr Property arcorJink
<br /> ' '" lo thr tcrms of this Sccurit}�Instrumcnt.
<br /> �� ; All insurancc pulicirs an�i renewals shall hr acccptahlc to Lcn�irr and shadl inrludr a standar�l"murt�;<��;c clauzr"and.
<br /> ; whrrc appli¢ahlr.'9os�p.�ycc cl�iu�r."C�rantor shall intnt�Ji��trly nutify Lrndcr uf cancrllatiun ur trrmin.uiun uf thc
<br /> insurancc.I.cndcr xh��ll han•c thc ritzht tu hold thc pulicics�►nd rrnc�vals. If Lrndrr rryuirrs,(iramur sh.ill immcdiatcly
<br /> — � give to l,ender .dl rcrcipts uf p�tid prrntiumz and renc��•al noticcy, l►p��n I��ss,Grant��r shall�:ivc immrdiatc notice to
<br /> the insurancc carricr and Lcndre Lcndcr m.►y makr pronF of lu,.if nut mc�dr immcdiatcly hy(irant��r. .
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<br /> � p�ry}�Wn�ere Eystcm9 �rc S� CIOA MN 11 80P397•Zltq F'om+REDi-NE d"68� —
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