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<br /> exccttted ' , �:r�J.�_���. curing ar guarnatying thc iccurc�i��cnt.r► g«Ki iuiih ix:iici i�y i.cmia:r iiiui
<br /> Lender at ny tu nny porsun ur cntity ahUgatc�!�►n thc ti�:eurcd Iyrht i�r th��l Ihcpr�r}x;ct
<br /> of any pa is impaired shaU nl,a constitutc+m cv��nt�►f d�fuull.
<br /> IS. REMEDIFS ON DEFAUGT.(n somc instanc�es,fcdcral an�l+tatc liiw will rcquirc I.�nalcr to prnvi�lc lirnntr�r with
<br /> notice of thc right to curc ar athc;r notta:s and mny cRtablish timc:►cl�cdulc�tc+r torrck►KUre ��cU�mu. tiuhJc�1 tc,tli�xt
<br /> limitltions,(f any, I.ender may acccicrutc tbc Sccured I)cht aml Grrerluve t1�E,ti��curity In�orunu�u�In n�»nnnor
<br /> provided by law if Grantor is in dcfault.
<br /> At the optton of Lender,all or any part af thc ngrecd fccs and chatg�'s.aecn���d Imcre,t nn�l pri�irl�ial Kh�dl hK;come
<br /> immedlately due and payable,after giving noticc if requircJ hy Inw, u{xnt �hr: �w�:urrr��cc ut�� drl'suilt a,r n nydme
<br /> thereaitcr.In additian,Lender shall t►e:cntitled ta aQ thc rcm�clies providcd hv luw,thc tenn.r iif�hc Ycra�rc�r n�n�,
<br /> this Security Insuument and any related documents,indudin�without IimitnNun.the�H�wcr U��U thc Pn�a:dy.
<br /> If there is a dei�►ult.Trustee shall,ln addltion ta any ather ptlrmittcd romedy,at IhG requcsl �+f thr I.endrr,n�vcrti+�:
<br /> and scll thc Pr4perty as A whale or in soparato pamcls ut public Huction ti�Iha hlKhc�t hid�lcr fur carh ui�J �:imvcy
<br /> absolute qtle P«e and clear of all right.title�nd interest of Grantor ut�uch timQ t�nd �1uce�ir'fruxtcc alc�iKnntew.
<br /> Trustee shall give notice of sale ineluding tho time,terms and placa af�►In i�nd n deu�iMian uf th�.pru�xny to tx;x��ld
<br /> as required hy ths applieable law in offect at the tia�e ot the prnposed xalo.
<br /> Upon sale af lhe praper►y and to the extent not prohibited by Inw,Trutitce xhall muku:md dull��u�H dcrJ tu It�c I'riqx rty
<br /> sald which canvays absolute titte to the purchacar,and after Cust paying all fee!�,churges nn�i a►ste.�hall{�ay t�w IAn�kr all
<br /> maneys advAnced for repairs,taxes,insurence,liens,c►ssessments and priar cncvmhranas und interr�t thereun,s�nd th�
<br /> princlpal and interest on the Secured Debt, paying tho surplus,if any,to arantar.I.unJor muy purcha�ih�Pr��rty.
<br /> 'I'he recitata in any deed of conveyance shall be prima faclo evidenoa af tha iacts set farth thercfn.
<br /> All remedies are distinct,.cumulative and not exclusive��nd tho I.ender is entiticd tci n11 remedicx!rruvldcd�t law o�
<br /> equity.whether or not expressly set forth.The acceptanoe by I.onder af any sum in�aym�nt ur piirtlHl j1NYltxnt an thc
<br /> SPCUred Debt after the balance is due or is acceterated ar afier fareclosure proceedin�.s nrc�Icci Yhaii nut u�N��i{tuW:�
<br /> waiver of L.ender's right to r�quire complete cure of any oxisting dcfault.By not ux��rcking Einy rrm��iy o��(irantur'H
<br /> default,Lender does not watve I.endcr's right to later cunsidor the event u default If 3t wntinucs��r hap�xnc wdi�ie,
<br /> 16. EXPENSE5; ADVANCE3 ON COVENANT6�ATfORNEYS•FEE5;COl.1.ECi'IOM COST5�t?xcapt when
<br /> prohibited by Iaw,Grantor agrees to pay all of Lendor's expenscs if Grantar brcachc�Hny cuvcnunt in thb�cu�ity�
<br /> Instrument.(3rantor will also pay on demand any amatu�t incurrcd by I.ende� ior insuring,insprctlnfi,praktwln�or
<br /> otherwise protecting the Proporty snd Lendcr's sccudty intcrest.7'hesc expenscs will be;ar intarwsl tcnm•thc drtc�t
<br /> If:8[?8`�'IIlC'Al lti2�1 gai� i�f��tl at the hivhest interest rate in e[fect as providcd in thc termx ot th�S�cureei bch1.
<br /> � Grantor ag'tec;s o pay all costs and expenses incuned by I.ender in caltecting,entorcing ar protecting I.erlder'a d�hlr
<br /> �nd remedics under Yhis Sesnrity Instnunent. This amount may include.but is not limited ta,altnrneyc' (K�,pt.uri
<br /> � costs.and other legal oxpenses.This Security Instrument shall ramuin in eftect until rel�nsed.Cirentur��m�rs lu pwy
<br /> ' for any recorsiation cosss.o[s�ch relcase:
<br /> Y7. E1WiRUNMENTAL LAWS AND NAZARDOUS 5U�STANCrS.As ussd in this a�riiaa,(1j�nviranrncnsal l.a�
<br /> ueeans,without limitatian,the Comprohonsive Environmcntul Responso.Compensation and Lisbility Ac1(Cf:ls('I.A,
<br /> 42 U.S.C.9601 et seq.).and sU other federal,stste and local laws,regulatians,ordinHnces,coutt �aJCr'n,Kttc�ro�y
<br /> general opinions or interprotive letters concerning tho public hcalth.safety, wclfarc,cnvironmant or u her.�rdc►uW
<br /> substance;and (2) Ha�ardous Substunce mcans any toxic,radioactivo ar hazardous r�tat�ri�l,.wAxtu,pullulant ar
<br /> contaminunt which has characteristics wl�ch rendor the substar�ce dangerot�s or pu�entiaUy dAn�eruw to ih�s{►uhliu
<br /> health,safety.welfare or environment.The tcrm includcs,without limitation, any aubstana:de6ncd a "h�.�rdc�ur
<br /> material;"'toxic substenoes:"'hazardous wastc"or"hal.ardous substanoo"under any @nvlronmcnlel I.�W.
<br /> Grantor represents,wertt+nts and agrees that:
<br /> A. �xcept as pruviausly dlsclosed and acknowledged in writing to Lendor. no Hw,urdnu�Sub.rtana ixur will hc
<br /> lacatcd, stured or xeleased on or in the Proporty.This restrictian does not apply to�m�ll qu�nt iIICK u[
<br /> Ha•r,ardpus 5ubstances that are,$enerally recognixcd to be appropriate for the normal use and nuirNenrncu ut
<br /> the�hto{setcy.
<br /> . . ' B. Exapt�s previously disclosed and acknowledged in writing to Lendcr.Cirantor and every tenent luiva bcen,aro.
<br /> � end shall remain i�n fuU oompliance with any HppUcable Hnvironmental l.aw,
<br /> C. Grantar shall im�rtedi�tely natlfy l.,�nder if a releasc or threatened retcasc of a Hey.�rdaus Sub:wlanoc�+c�cunc c►n,
<br /> • yc�der or about the Property or�there is a violatbn of any Bnvironmentel Lew oonceming the Propcsny. In Kuch
<br /> � an ertwnt,Grantor shall take all necessary remedial ection in aocordance with any Environment�l Gww,
<br /> ,,� � D. Grantor shall immedtately nattfy Lender in writing as soon as Grantor hes rcason tn bclicvc t�Crw�IR bny
<br /> , � pending or t��sen t�ucd investigatton.claim,or procecding relating to thc rcicnsc or thrcatenCd rete�u[any
<br /> � � Hazardous S�i+t�sif�ncc:or the violation af any Environmcntal Law.
<br /> �#�.,��N�1�a1►'4'10N.�r�1vr will givc Lcndcc prurnpt noticc of any pcnding or thrcalencd ncti�n,hy pri�at����
<br /> .Jpa�b�c asaanndes ao purcnafe br tekc any or all o[the Pcoperty tdrough condcmnatinn,cminent Jumain,ur�ny�►thar
<br /> ' in�i�u;�s:'�'au;rntur authorizes Lender to mterven�in•:Cir��i�:ar's name in any of th¢abovc dcxribcd t�ctiunsor cl�im.r.
<br /> cCnapt¢a�x:p�rjFins to Ler}d�r 5he proceeds of a�sy a.war.d or ciaim for damages cunneeted with a cc►ndemnation ax aher
<br /> ' �tak3t���ctg:ttll Gr any pa�:�S tns Property.Such pr.o�ceds sl�lJ Ue rnnsIdered paymcnts and.will he applicd rs pruvldrd in
<br /> •ch�����+���str+�tf�u:�¢.'Tl�s$ssignment of�rcae�ceds ;9 suiiject to the terms of any prtur mongage,dc-.cd Ut�ru�t,
<br /> .' ' �Cti11'� ;�1are-t���'D�t C3';¢�uhct�ie�.3��almnt�n;t..
<br /> �U',.Y(+�5t,t�;�i(�}E.�rad�ae�r s}�ridf�u�e:�a�'�'r�perty insured�agai��sc loss by firc.fload,thcft and athcr hx•r.nrel�u nd rixkH
<br /> ' ir.�san �ily�,sociated'�a¢��Jhe I'YOperty due to i�s t'y�x and liacation.This insurancc shall tx;mufntain�d in thc amount�
<br /> ' . aad fo�•the periads th�t II..ender requires. The inau�i�n�at�cnrrier providing the insurnnre shull Ix:clu►sen hy <iraatur
<br /> .._..�_� ._ r__.,_..�__ ._� ...wc,.w e�.e�� ....• �...,.00�...,nt,lu�u�fhhnld It f3rnnfnr fralln tn midntain thc u�Yeri�!
<br /> - yttu�c.�.a av u:i��a��o a}irsv:as�...u....o..«.. ..... ....»..................� ......"-'-• " -'^'--';-°- - ... .
<br /> described abovc,Lender may,at Lender's option.obtain covecage to protect Le:nder's nghts in the Pro�xr=y nr-v�r�iing
<br /> to the terms of this Security Instniment.
<br /> Afl insurance policies and renewals shall be acceptable to L�:nder and shall include u st�ndnrd"cnortga�e�lau�''i���d,
<br /> where appltcable,"loss payee clause."Grantor shull immediatcly notify Lr.nder uf Cnncellc►tiun or tcrminutl�•n uC thc
<br /> insurancc.i.ender shall httve the right to hvld t6e policies and renewAls.If Lcnder reyulres,Grantor shull imn�cJiiitrly
<br /> �ive to Lendcr all receipis of paid premiurns and tenewal notices.Upon lass,Grentor shall glve immcJi�aie nuticr t�►
<br />- thc insurunce carrier and Lender.Lendcr mey muke proof of loss if nat made immediately by Grnntor.
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