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<br /> exceuted f�e t1��}t} ��q�n{v�ring ar gunrnntying thc S+:cured Debt. A g�xx1 fnith lH:Uct by l.cn�lcr thnt
<br /> l.cndcr xt�iaKl�ac}����ri�+��'��tu any rx:r�un ur cntity obUgatcd un ihc 4cwurcJ paht ur thnt thc pnn�ct
<br /> af any payment��r thu valuu nf th�1'rr�perty is impnircd shnli nlso c�mstitutc a►n uvent af dofauN.
<br /> !S. REMEDIES ON Q�FAULT.In sc►mc instancc:s,tcdcral and stntc law will r�:yuirc 4endcr tn pnwidc Grantc�r with
<br /> naticc ot the right ta curc;or ather n��Ncrs and may estabilsh tirne schedulcs for foreclosure uctiuns.subj��e ����h�w
<br /> limitatiuus. it any. I.CtidCY 111a)�acccicratc thc Sccurcd I7eM �md forcclosc �hts Sccurity Instrumcnt in u munnur _,
<br /> pravided by IAw i[Grantor is in deiuult.
<br /> At thc aptian ot l..a:ndcr.�+II ur nny pan af thc agrced fecs and chnrgcs.accrucd intcrest�nd principal �hall t+�:cx�m�
<br /> immedii�tely due cind payablo,a[ter giving natice�f reyuirec!tiy If�w,u}wn the cxcurrencc of a defnult or nny�imc
<br /> thereatter.In addition,Lendcr shxll ht:entitled to all thc remedics providcd by Inw,thc tcnns ot the 5��cured I1ebt,
<br /> this Security Instr►tment and nny relatcd documents,including without lirnitation,tha{xiwer ta sc:ll the Property.
<br /> If there is a default.Tnistce�hall,in addition to any olher permittcd remedy,nt the request of the Lcndcr,advcd[se
<br /> and sell the Properiy as a whole ar in separate parcels at public auctian ta the highest bidder for casH ana W»vey
<br /> absolute title freu and cleat of all right.tttle and interest of Grantor at such time and pluce as Trustec designates.
<br /> Trustee shaQ give noticc of sale including the time,tcnns and place of sale and a description of thc propc:ny to t+c;sald
<br /> as required by the applicable law in effect at the time of the proposed sale.
<br /> Upon sale af the property and to the extent not prohibitcd by Inw,Trusice shall muke and delivcr a deed to thc Praperty
<br /> sold which eonveys absolute tttle to thc purchuser.And after first paying nll fees,charges and casU.shall pay to[.�:nder all
<br /> moneys advaneed for repairs,texes,insurc+nce,liens,assessments and pnor encumbrances and interest thercon,and the
<br /> principal and interest on the Securcd Debt,paying the surplus,if any,ta(3tantor.Lxnder may purchase ihc i'ta�serty.
<br /> The recitals In any a�eed of conveyance shall be prima facie Cvidence of the facts set farth therein.
<br /> All remecites ar�distinct,curaulative and not exclusive,and the Lender is entiticd to all remedies provided at I�►w�r
<br /> equity.whether or not expressly set forth.The acceptance by l.ender of any sum in pa}•ment or partinl payment on the v
<br /> Secured Debt after the balance�s due or is acceierated or after fureciwur�pru�e�fiuga are G1�3 shai{not constitute a
<br /> wxiver of Lender's right to require complete cure of any existing default.By not excrcising uny remedy on Grantor's
<br /> default,Lender does not waive Lender's nght ta Iater cansider the event a default if it continues or happens again.
<br /> l6. EXPENSES;ADYANCES ON COVENANTS;ATTORNEYS'FBES;COLLECTION CnSTS. Except when
<br /> pruhibited by law. Grantor agrees ta pay all of l.ender's expenses if Grantor breaches any covenant t�n this Secwity
<br /> Instru�n.nt.Grantor will also pay on demand any amount incurred by Lender for insuring,inspecting,pteserving or
<br /> otherwise Qintecting the Prupetty and Lender's security interest.These expe:nses will bear interest from the date of
<br /> itx�{sayrsca!�r.si: psid in f�l!a� thP highest interest rate in effect as provided in the terms of the Secured Debt.
<br /> Grantor agrees to pay all costs and experises incurred by Lender in w1lecUng,enforcing or protecting i.encier s righis
<br /> and remedies under 4l�is Security Instrument.Tttis amount may include,but is not limit�d to,attnrncys'fees,court
<br /> oosts,and other legal expenses.'This Security lnstrument shap remain:in effect until released.Grantor agrees to pay
<br /> [or�ny�e�rdation costs c�'sucl�relcase. �
<br /> 17. ENVIRONMENTAL LAWS A1VD HAZARDOUS SUBSfANCFS.As used In thi�section,(1)�nvironmenta�Lfl�v
<br /> means;w9thout limit�don,the Coinprehensive F.nvironmental Response.Compen.cati�n uqd Liability Act(CERCL6�,
<br /> �. 42 U.S.C. 9b01 at seq.A and all ather federal,:�tate and locul laws,regulations,or mances.court orders, attomey
<br /> general opinions ar i�tterpretive letters sancerning the public health, enfety,welfare,environment or a hazardous
<br /> substanoe:and(2)Hazardous Substance means any taxic,radioactive or hazardous material,w�.ste,pollutant or
<br /> rontaminnnt which lias characteristirs which render the substanSe dangerous or potontially dangerous to the public ,
<br /> heaith,satety,welEare or environment.The term includes.���xthoui linzitadon,any subslances deRned as"ha�ardous•
<br /> n�aterial,""taxic substancxs.""ha•rardous waste"or'•hazardous substanca"under any Environmeptal L.aw. , :
<br /> Grantor represents,Warrants and agrees that:
<br /> A. Except as prGviously disclosed and ackaowledged in writing to I.ender,no Naxardous Substance is or will be
<br /> tocated.storad or released on or in the Property.This restriction does not.apply to small quantities of
<br /> Hazardous Stab�tances that are generally reoognized to be aPPropriate for the,�noimal use and maintenauce of
<br /> the Property. _
<br /> B. Exc.ept ac previously disclosed and acknowledgedi�ble Environment��i,awtor an�every tenant have been,are. _
<br /> and shall rcemain ia full wmpliance with any app
<br /> C, Q�rantor shall lmmediate(y notify Gender if a release or threatened release of a Hazardous Substbnce aacurs oa,
<br /> unckr or about thc Property or therc is a violation ot any Environmental Law oonccming the PropeRy.In such
<br /> sn event,Cirantor shali take all necessary remedial action in aocordance with any Enviro►�mentaf I.aw.
<br /> D. Grantor sht►II immediately notify Lender in writing as soon as Grantos has teason to believe there is a�y
<br /> pending or thseatcned investigation,claim,or prooceding relating to the relesse or threatened release of any
<br /> Hazardous Substance or the violation of any Enviranmental Law.
<br /> 18. CONDEMNA7'[ON.(3rantor wiil givc Lendtr prompt nottce of any pending or threatencd action.by privatc or
<br /> public entiHcs to pnrchase ot taTt..any or all of ihe Property through condemnation.aminent domain.or any other
<br /> means.Grantor auihac�e,es I.enc3er to intervene in Grantor's name in any of the abovc describe�t actions or claims.
<br /> Grantar assigns ta[�e�nd�et the proceeds of aay award or claim for damages connected with a candemnation or other
<br /> taktng of aU or nroy��17�af the?ropert}c.Suais.�:r,c�c�:eds shall be considered payments and wip be ap�fied as provided in
<br /> cSri:f.:�E±uarity Inst�rw:�xnt•Ti�is�.ssign�r�ise oti�rm�cECds i�.subject to the terms of any prior mortgage,deed of trust,
<br /> :stt���rri`ty a:�tecn[ent orother lnen db►umeitt�
<br /> 1+.1„ �,'1i�;�1;:�..AINS)�,�nrantor shall kecp Property i�tsund x,��:i.c{t�loss.by fce, flood.theft and other hazards and rts[cs
<br /> � 1•,���y��t���yr��,�r�,r�:::.�with the Property due to�ts n°t,x:a��i t�aatS,�cd.'1�i'i�:nsttrancc shaU be maintalned in the amounts � _
<br /> ' �,rc����,;�,�,.�.�7i�.�,fis�Jaat I..ender requires.The insura��cxt wn�iic¢�y�+rov;i3:ir.�rTie insurance shall be chosen by Grant�r �. _
<br /> � ti __�, �.:..t.�1.�1t....f ius nnn.���n1I�1�V�kt11IT��t�L �t�ra�.tor fails to maintain the co�er.ig¢ , •
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<br /> • cEc�xNhcs'labr!ve. Lender 1�sa};.r•.a Lender s option,obtairn cn�e•rag�e cn17n��c�cr L�n�r'^rights in the Property accx�nii�a�
<br /> C�r.l'a:ctr.rns a€thas Security Instrument.
<br /> Iki1 iiesur�i�c��4'icies and renewalS shall be acceptable to I.cnder�ad��i�a1r include a standard"mortgage at�u�"and.
<br /> �kiixsre apptic�UCe."loss payee clausc."Grantor shall immediatcly notify Lendcr of cancellation or terniinn.tion ot the
<br /> inaurs�ncc.[.ender shall havc thc right to hold the policies and renewals.It Lc;nder requires,Grantor sltalf irram�xiiately
<br /> gjv�.ca L.ender Wl receipts of paid premiums and renewal notices.Upon loss,Grantor shall give immediatc n►�t:ce to
<br /> s thc insurance carrier anc3 Lender.Lendcr�nay make proof of loss if not made immcdiately by t'imntor.
<br /> (w9.3a�)
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