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<br /> • exccu�cd for 1hr purpusc of crr.iting, sccuring ur gus�rmrying thc Scrurcd I7cht. A gua� faith hclicl'hy l.rnacr thau � -
<br /> , Lcndcr at aay•timc is insccun with retipcct to Rtny perxun or cutity ubligat�d on thc Sccurcd Ucht or thxt thr{��u.r�ct
<br /> of any paymc�it or thc:valur of thc Property is impatircd shull.ilsu constitutc un cvcnt of defauli. •.
<br /> � I 15. REMEDIES ON pEFAULT.In sumc instanccs, fcderal and statc luw wiU rcyuirc l.cndor tu pruviJc(iraniur with . .�.:_
<br /> noticr uf thc right to curc or othrr nutices and may cst.ihlish timc schedulcs for furcrlosurc ��u��,�. sUn���► c���n��� •�_�`�� •
<br /> , � limitaticns,if any. Lcnder ntxy accelerutu thc Srcur4J Dcht�nd fur��lu�c this Sccurity� In+trument in �i mm�ner :
<br /> ' I provided by luw i!Grantor is in dcfault. �'�''
<br /> �,.� , At the optiun of Lcndct,all or any p�rt of thr a�rrcd Cres and ch��rgcs,accrurd intcrc,t and prin�ipal shall hccumc �• .•+-i..
<br /> . ,,� �. immediatcly duc and payablc,st[t�r givinb noti�c it rcquircd hy liiw, upo�i th� c,ccurrcncc n( z►drt.�ult ur anytimc e r��.
<br /> • thcreaflcr. In Addition, Lender shall bc cntitled to all the rcmedies pruvidcd by law,thr trrms c�(thc Sccurcd Dcbt. .�;,�:.-_
<br /> this Security Instrument and uny rclated documents.including�vithout limitation,thc puwer tuscU thc Pro crt r�•• '`s--
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<br /> If there is a default,'I'rustee shall,in addition to any othcr permittcd remcdy, at thc rcyuest of thc 1_cndcr,advertise �-,���_� • _
<br /> xnd scll thc Property as a whulc ar in scparatc p�rcrls at public�iuction tu thc highcst hicldcr for c�ish and cunvcy --—
<br /> . � ahsolutc titic frec and cicar c�f�ill right,tiUc anJ intcrest of C;rmtur at surh timc and placc a5 Trustrc desi�natcs. �:___:_.
<br /> ,� Trustee shaU give notice of sale including th�time,terms And place of salc and a descripuon ut�he prup�rty tu bc sold �.
<br /> as required by the applicablc;law in cffect at the time of thc proposed sale. �
<br /> :.� Upon salc of the property and to the cxtcnt nc�t prohibited hy law,Trustcc shall makc and delivcr a deed to the Prnperty --—
<br /> i suld which conveys absolute tide to the purchas�:r,and after first paying�Il fces,charges and costs,shall pay tu i.cnder all
<br /> • � nwnrys advanccd for repairs,taxes,insurance,liens,assessmentc;�nd prior encumhnna:s and interest thercon.:�nd the —___
<br /> , principal and interest on thc Secured D,ht.p�ying thc surplus,i!any. to Grantor. l.cnder may purchasr Ih�Yn�perty.
<br /> ' The recitals in any dec�i o(conveyunre�hall be prima facie evidencc o[the facts sct forth thcrein.
<br /> All remedies are distinct,cumulativr and nut cxclusivc,and thc l.cnder is cntidcd to all rcmcdie:s provi�icd�t la��•ur _
<br /> equity,whether or not cxprescly set furth.'the acceptance by Lender uf any sum in payment ur partial payment un the
<br /> .,'+� Secured Debt after the balance is due or is accelcrated or after foreclosure proc�edings arc filed shaU not constitute a
<br /> waivcr of I.endcr's right to requirc complete cure of any cxisting dcfault.By not cxcrcising any rcmcdy on Grantur's•
<br /> default,Lc:ndcr docs not waive Lcnder's risht to latcr considcr the cvcnt a default if it continues or happrns again.
<br /> Y6. EXI'EN3ES;ADVANCES ON CO'VENANTS; A7"1'ORNEYS' FEES; COLLECTION COSTS.Except when
<br /> pmhibited by law,Grantor agrecs to pay all of l.endcr ti expcnses if Grantor brcaches any covenant in this Security
<br /> Instrument.Grantor will also pay on demand any amount incurred by Lender for insuring, inspecting,preserving or
<br /> ;_ ''� othcrwisc protecting the Property and Lender's security interest.Thcsc cxpenses will bcar intcrest from the datc of
<br />--'':-"'"� - the payment untii paid in iuii ui iiu: i�igi�c�t i�iicresi rat� i���t'fcci as prorided in th�� tcrr„c�,f the Secured Debt. ._
<br /> • Grantor agrees to pay all costs and expense�incurred by L.ender in collecting,enforcin�or prat�:cting L.ender's•rights
<br /> - � and remedies under this Security Instrument.This amount may include,but is not limited to, attorneys'fees,court
<br /> - '?,.,`.',��. �• eusts,and ather Iegal cxpcnses.This Security Instrument shall remain in effect until rcleased.Grantor agrees to pay
<br /> ";,;,� ; for any recordation costsof such release,
<br /> ��>:'��� 17. ENVIRONMEN'I'AL LAWS AND HAZARDOU3 SUBSTANCES.As used in this section,(1)Environmental Law
<br /> �::;.,.
<br /> � meuns,without limitation,t he Coxnprehensive Environmental Response,Compcnsation and Liability Act(CER ,
<br /> ' ' - ' 42 U.S.C. 9601 et seq.),and aU other fedcral,state and local laws, regulations,ordinances,cvurt ordcrs, attorney
<br />- ,',,'�" general opinions or interpretive Ietters concerning the public health, safety,weliare,enviromment ur a hazardous
<br /> �.; ;;, : substancc:and (2) Hazardous Substancc mcans any toxic,radioactivc or haxardous matcrial,waste, pollutant or
<br /> ' �! contaminant which has characteristics which render the substanee dangerous or potentially dangerous to the public
<br /> '' • � health,safety,welfare or cnvironment.The tcrm includes, without limitation,any substances defned as"ha•r.ardous
<br />�;:;"'" � material,""toxic substances:"'hazardous waste"or•'hazardous substance"under any Enviromnental Law.
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<br /> -- • .•.- Grantor represents,warrants and agrees that:
<br />-�•^T�'��`��'�'� A. Except as previously disclosed and acknowledged in writing to L.e;nder,no Hazardous Substance is or will be
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<br /> '� _'<'� located,stored or rcleased on or in the Property. This restriction does not apply to small quantities o
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<br /> '; -, Harardous Substances that are generally recognized to be appropriate for the normal use and maintenance of
<br />__- , the Property.
<br />=- ;.�;,; ° B. Except as previously disclosed and acknowledged in writing to L.ender,Grantor and every tenant have been.are,
<br /> '-��. iY.. '- and shall remain in full compliunce with any applicable Environmental Law.
<br />"�`'r�+�'.���;^� C. Grantor shall immediately notify Lendcr if a release or thrcatcned release ot a Hazardous Substance occurs on,
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<br /> ��:�:. under or about the Property or there is a violation of any Environmental Law concerning the Property.In such
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<br /> ,-'+ :�� • an event,Grantorshall take all necessary remedial action in accordance with any Environmental Law.
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<br /> 1�!"'`•.;���� D. Grantor shap immediatcly notify Lcndcr in writing as soon as Grantor has reason to believe there is any �
<br /> ;': ���` pending or thr�atened investigation,daim,or procecd�ng relating to thc relcase or threatened releasc of any
<br /> '�^'�` Hazardous Substance or the violation of any Environmental Law.
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<br /> 18. CONDEMNATION. Gra�tor will givc Lcnder prompt notice of any pending or threatened action, by private or
<br />- . � public entities to purchas� or take any or all of the Property through condemnation,eminent domain, or any other __
<br /> means.Grantor authorizcs Le:nder to intcrvcne in Grantor's namc in any of thc abovc described actions or claims. �;;_
<br /> � � ,; Grantor ussigns to Lender the procecds of any award or claim for damages connccted with a condemnation or other /}`_'�____.
<br /> , - taking of all or any part of the Property.Such procccds shall bc considered paymrnts and will Ix applied as pmvided in ` =-m�-�,-_
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<br /> : this Security instrument.This assignm�nt of praceeds is subject to thc tcrms of any prior mortgage, deed of trust. '*q ,.,�.
<br /> security agreement or other licn document. .��"��
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<br /> 19. INSURANCE.Grantor shall keep Property insured against loss by firc, flood,theft and ot her ha�ards and risks �:'•'�`�';�
<br /> ' rcasonably associated with the Pruperty due to its rype and location.This insurance shall bc rnaintained in the amounts :-_
<br /> ___ ___._. and for thc aeriods thut Lender rcquires.The insurance carrier providing thc insurancr shall be chosen by Grantor , �
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<br /> subjeet to Lendcr's approval,which shall not he unreasonahly �vithheld. It c;ran[or taiis iu rnainiain ine cuvrrugr -- �- -
<br /> desciihed above,[.�:ndermay,at Le�ndcr's option,nbtain coveragc to protect l.�ndcr's rights in the Pr��perty according
<br /> to thc terms of this Sccurity Instrument.
<br /> All insurancc policics and rencwals shall hr acccptablc to Lcndcr and shall includc a stxndard"mortgagc cl<�usc"and,
<br /> where applicable."io55 n�y���ta���.••Grantor shall immcdiately notif} Lrnder uf canccll�ition ur tennination of thc � ,
<br />= insurance.Lendcr sh�ill have the right to hold the pc�licies and renewals.[([_cnJcr reyuires, (iranlor shall immcdiatcly �
<br />_ givr to Lender all rcccipts of paid premiums,�nd rrnewal ncitices.Upun I��ss,Grantur sh�tll givc immodiatc noti�r to
<br /> � thc insurancc carricr.�nd Lcndcr.L.cndcr may makr prc�o[c�!I��ss if ncn madc immcdi.�trl�•h}�Grant��r.
<br /> /p,vge 30�4)
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