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<br /> � fi� 97— io6615 ��. �
<br /> the Prop�rty in violation of any law, ordinance, or regulationr
<br /> and ehall pay and prom�tly diechargc� at Borrower'e coet and ��.
<br /> expenee all liene, encurnbrances and charqea �evied, imposed o.r :
<br /> � assQeaed against the Pre�perty or any part thereof: '
<br /> 6. Eminent Domain. Lender ia hereby Aseiqned all .
<br /> � compensation, awarde, cZamaqes and othar paymonta or xQlief
<br /> � (hereina£ter "Proceeds") in connecti.on with condemnation or other �
<br /> �� „�r , taking of the Property or part thereof, or for conveyance in lieu i:
<br /> :,� , of condemnation. Lender shall be entitled, at 3ts option, to . ..�������
<br /> commence, appear in and proaecute in ita own name any action or ; ---.
<br /> � proceedings, and shall also be entitlad to make any compxomise or
<br /> ae�t].ement in connectias� with such taking or damage. In the �' -
<br /> a
<br /> event any partion of the Property is so �aken or damaged, Lender '��;:=
<br /> shal.l have the option, 3n ite sole and absolute diacretion, ta "�-
<br /> apply all such Froceeda, a fter deductinq therefrom aLl costs and �
<br /> expensea incurrea by i� in connec�ion with such Proce�ds, upon =_
<br /> „ , any indebtedness secured hereby and in such order as Lender may _--
<br /> determin�, or to app�.y a11 euch Froceeds, after such deductions. � _
<br /> . to the restora�ion of tts.e Property upon auch aonditions as Lender , _
<br /> r may determine. Any appl ication of Proceeds to indebtedness shall -�'="-
<br /> . � not extend or postpone th� due date of any payments under the `�,
<br /> � Note, or cure any default thereunder or hereunder. _�=
<br /> 7. Performance b Lender. In the event of Borrower' s =
<br /> failure to perform any o tie covenants herein or make any pay- �___
<br /> ments required hereby, ox if �ny act is taken or legal proceeding
<br /> . ;:� commenced whicti materiall.y affect� Lsnder' s interest in the
<br /> Property, Lender may in its own discretion, but withaut obliga-
<br /> �" tion to do so, and wi�haut notice to or demand upon Barrower, arid
<br /> --. - - - wi.�haut �celeaeiiig Borrower i�iv,n a„y �uliy-a�ion, rIo a;,y a�t w;fc;
<br /> � the Borrowar has agreed but �ails to do and may also do any oth�r
<br /> act it deems necessary to protect the security hereof. Horrower
<br /> �;''�;�: shall, immediately upon demand therefor by Lender, pay to Lender
<br /> all coats and expenses 3ncurred and suma expended by Lender in
<br /> ' connection with tYaa exerci se by Lender of the foreqoing rights,
<br /> together with interest thereon at the default rate provided irn
<br /> � the Note , which. ghal l be added to the�3.ac e tedness secured
<br /> � hereby. Lender ahall not incur any liability because of anything
<br /> -. . , it may do or omit to do hereunder.
<br /> .�
<br /> � e. Hazardous Materials. Borrower shall keep the
<br /> _•. fi . .��� '� Property in compJ. ance w th any and all federal, state and local
<br /> � laws, ordinances and regulations relating to industrial hygiett�
<br /> � or to environmental conc�i�.ions on, under or about the Progerty,
<br /> � including, but not limited to, soil and groundwater conditions.
<br />-y.;: Trustor shall not use , genera.te, manufacture, atore or diapose of
<br />- on, under or abou t the Property or transport to or from �he
<br /> _ Property any flam�nable explosives, radioacti.ve materials, hazardous
<br />= �. '� � . wastes, toxic subetances or related materials, including, without
<br />'" " � limitation, any subetances defined as or include� �n the defini-
<br />�"' - tion of "hazardous subatancea", "hazardous wastes", "hazardoue
<br />� � '�`�' materials" ar "toxic aubetances" under any applicable laws, -
<br />_ ,. _
<br /> � ordinances or regulatione (collectively referred to hereinafter =---
<br /> � as "Hazardoue Materia].s"1. Horrower hereby warranta and repre- ;;;.;�_�-_
<br />- ,.��. _�--_
<br /> - �� sents to Lender th►at there are no Hazardoua Ma�erial� on or under .'�+�-___—
<br /> r -.-.z,_..-.-
<br /> the Property. Borrower hereby agrees tio indemnify anfl hold :•��,...
<br /> . � harmlesa Lender, its directors, of£icers, employees and agents, � u-':--
<br />-� and any SUCC@8B OIi3 to Lend�r' s interest, from and against any and � �
<br />- all claima, damag�s and liabilities ariaing in connection with :... e,
<br /> � the presence , use, storage , d3spoeal or traneport of any Hazardoua -
<br /> _ Ma�erials on, under► from or abou� '�he Property, including, with- �
<br /> ou� limitation, (a) all damages direc�ly or indirectly ariainq
<br /> � � out of the use , generation► etorage or disposal of HazarBous
<br /> . __'_ _ '-_ ��_a.__1 _1_ L�� tf�...��.•..� ��. enf) Y�YJI�Y Af.fMeM I1Y I1�1AYaMnM I1F ��1e --_.--
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<br /> Property, and (b) all cos�s of any requized or necessary repair,
<br /> cleanup or detoxification and the preparativn of any closure or ,
<br /> - other required plans, wlzether auch action ia required or neces-
<br /> � sary prior to or follvwing transfer of title �a the Property, to
<br /> _ ° the full extent that euch action is at�ributable, directly or �
<br /> ' indirectly, to th� pr�aence or use, generation, storage, release,
<br /> { threatened ralease or disposal of Hazardous •Ma�erials by any '�
<br /> , peraon on the property prior to transfer of ti�le there�o by
<br /> -3- I
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