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<br />_, y cxccutcd fur tl�c purpusc oi crcutinR.sccurin�t��r�!uaraiiryin�!ihc ticcurrd Ucht. A tiuod(aith hclicf hy Lcn�lrr that _
<br />_ , Lcndcr�u��ny timc is insccux�with res�x:ct.to any Ex'isan ur cntity uhli�:utcd un�h.�ticcurcd Dcht ur tlrit t hc proyprct --
<br /> ' uf any paymcnt urthc v�luc af thc Prciperty is impadrect shall��Is��cun�tiwtc��n cvcnt uf dcfi►ult. -
<br /> � • # 15. REAtED1ES ON DEFAULT.In suntc inslances. fcdcral�+nd�tutr law will rcquirc lxn�lrr tu pruvi�lr Grantor willi =
<br /> nuticc of thc ri�hi to curc��r othcr noticcs and may c+t+ihlish timc+chrdules for forcclusurc actiuns. Suhjcct tu lhcsr _�
<br /> limiiati�ms, if�►ny,LcnJ�r m�ry aec.:lcratc the Sccurrd f�rht sind f��rerl��u thiti tiecuri�y Instrunnnt in+i manner
<br /> .�` providcd by law itGruntor is in default. ��
<br /> � At thc opti�m��f la:ndcr.all i�r.iny p.+rt uf thc agrrrd fccs and char�!es.accrucJ intrrest and prinripal sh�dl hcrumr �
<br /> � immediately Jue:.md puyable,after giving n�,ticc i(rcquired hy I��w, upun thc uccurrcncc uf a drl'ault or;�nptimr �:
<br /> 'w.w�'�� thereafter. ln addition.l.Andcr shaU Uc entiQcd to nll the rcmedirs pruvidcd hy I:�w.thc tcrms uf thr Srcurcd p�bt. _
<br /> � � this Sccurity(nstrumcnt and:iny rclated dcxumcnts,incluJinb�vithout limitutiun,thc r�iwcr t��scll thc Pm�rrty. _^
<br /> �` If thcrc is a Jcfuult, Trustce shall,in additicm tu�iny othcr pemtittcJ remcdy.at thc rcyu��t of thc Lcnd�r.�i�vc:rtisc _
<br /> . s. xnd sell the:Property us ii whol�:or in scparate parccls ut puhlie auctiun tn the highcst hiddcr tc�r cash and convey _„
<br /> �i absolute title frec and cicar of�11 right, titic and interest of Grantor at such timc and placc us Trus�ce designatcti.
<br /> Trustee shall give notice o(salc including the time,terms and pluce uf side.ind.i dcscription of the prc��rty to be suld -•
<br /> as rcquired by the applicablc law in c(fect al thc timc uf the:proposcd sale.
<br /> LJpon salc of the property and to thc cxtent not prohihitc:d by Inw.Trustcc shall mxkc Und dclivcr a dred tu the Prop�:rty
<br /> . sold which convcys absolute tide to the purchascr,and aftcr first pAying ull[ces,churges and custs,shall pay to Lendrr all �
<br /> maneys advane�d[ur re�airs,taxes,insur:�nr.e,licns,assessments and priur encumbranccs and intcrust ther�an, and the
<br /> , principal and intcRSt on the Securec'. Debt,paying the surplus,if any.to Grantor. L�:nder may purchasc thr Property.
<br />' The r�citals in any deed of comeyance sh�►II he prima facie evidencc af the facts set forth therein.
<br /> All r�m�dies are distinct,cumulative and not cxclusive,and the I,endcr is cntitled tu all rcmedics provided z�t In�v or
<br /> ,. equity,whether or not expressly set forth.T'he acceptance by Lender of any sum in payment or partial payment on the
<br /> Sccurcd Dcbt aftcr thc balancc is duc or is acccicratcd or aftcr foreclusurc proccedings arc Clcd shall nc�t constitutc a
<br /> • waiver of Lcnders right to require completc cure uf any cxisting default. By not cxercising any remedy on Grnntc�r's
<br />_,°�� • default,Lender dues not waive Lender's right to latcr consider thc cvent a default if it ccmtinucs or happcns ugain.
<br /> ��' ' ' 16. EXPENS�S; ADVANCES ON COVENANTS;ATTURNEYS' FEES;CQLLECTION COSTS.Except w•hcn
<br /> �_� � ,� prohibited by law, Grantor:�grc�s to pay all of Lender's expcnses if Grantor Nreach��s any covenant in diis Security �
<br /> �;;;�;- `� instrument.Grantor wiU also pay on demand any amount incurrcd by Lcnder for insuring,ins}xcting,preserving or
<br /> otherwisc protecting the Property and Lendcr 5 security intcrest.Thesc cxpenscs will he�+r interest from th� date af
<br /> st•��;:��:, :;,;�_ '� il�e��y�iitrii urir� �aid in iu!! at:he hi;hes+. �^tcrrct rnt� in effect as nrovidcd in the terms of th:Secured Debt.
<br />� . - `�y� ' Grantor agrees to pay all costs and expenses incurred by Lender in collecting,enforcing or prot��cting Lender's•rigrts
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<br /> ��.��r�: •',.`'.�;. � and remedies under this Security Instrument. This amount may include, but is not limited to,attorneys'fe<s,court
<br /> -:�.,�,Y�-��.•'� costs,and other legal cxpenses.This Sec��rity Instrument shall rcmain in effect until relcascd. Grantor agrees to pay
<br />=�=±-•�s�.��.�`�",, foruny recordation wsts of such release.
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<br />�,..�^�� 17. ENViRO1VMENTAL LAWS AND HAZARDOUS SUBSTANCES.As uscd in this scction,(1)fim�ronmenta •w
<br /> ���� means,without limitation,the Comprchcnsive Environmental Response,Compensation and Liability Act(CERCLA,
<br /> 42 U.S,C. 9601 et seq.),and all other federal,state and local laws, regulations, ordinunccs, cou»orders, attorney
<br /> V•� � �'`��� gencral opinions or interpretive letters cancerning the puHlic hcalth,safcty,wclfare, cnvironment or a hazardous
<br />�����;.
<br />____ -,_;,-,:�-� substancc;and (2� Ha�ardous Substance means any toxic,radioactivc or har.ardous matcrial, wastc, poUutant or
<br /> -T• ••�:;�,;•� contaminant which has characteristia which render the substance dangerous or potentially dungerous to the public
<br />�=s=?-`�!:' health,safety, �velfare or environment.The term includes, without limitation,any substances defined us"htuardous
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<br /> -�— meterial:'"toxicsubstances;"'hazardous waste"or"hnr.�rdous substana:"under any Environmenta aw.
<br />�"'°--='i1°�� Grantor represents.warrants and agrees that:
<br /> ----- A. Except as prcviously disclased und acknowledgcd in �vriting to Lendcr,no Hsizardous Substancc is or�•�il bc
<br /> -=_-_= locatcd,stored ar rcleased �n or in thc Property.This restriction does not apply to small quantities of
<br />;����µ'"'°�'� Ha�ardous Substanccs that arc ge:ncrally rccognized to hc appropriete for thc normal use and maintenance of
<br /> =.;.:�� the Pr�perty.
<br /> �,�� B. Exccpt as previously discfosed and acknowledged in writing to Lender.Grantor and every tenant havc been,are,
<br /> ._.:---.��,� and shall remain in full compliance with any applicable Environmental Law.
<br /> °""'��� C. Grantor sliall immcdiatcly notify I.cnder if a relcasc or thrcatcncd release of a Hazardous Subst�nce occurs on,
<br />�—�� undcr or about thc Property or thcrc is a violxtion of any Environmcntal Law conccrning the Property.In such
<br />---=�;� an event,Grantorshall take all nccessary remedial action in accordance with any Environmental Law.
<br /> "-�-��}� D. Grantor shall immediatcly notify [.ender in writing as soon as Grantor has rcason to bclicve thcre is any
<br /> `��"'!�;;� pending or thrcatened invrstigation,claim,or procccding re:lating to lhe rclease or thrcatcncd relcase of any
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<br />-.���»�,�rt : Hazardous Substancc or thc violation oF any Environmental Law.
<br /> — ��•••`��'�'•' 16. CONDEMNAT[ON. Grantnr will give Lcndcr prompt noticc of any pcnding or thrcatened action, by privxtc or
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<br /> �. public entities to putchase or take any or all of the Properry through cond�mnntion,eminent domain. or any othcr
<br /> ' �..��,;• •, means.Ciruntor nuthorizes Lcndcr to intcrvcnc in Grantor's•namc in any of thc abovc described actions or claims.
<br /> _ .�;,.,, . Grantor assigns to Lendcr thc procecds of any award ur daim for damagcs conncctcd with a condcmnation or�thcr
<br /> ,`_. ti�;�:_; ; tuking of all or any part of the Property.Such procecds�htill h�cunsidered payments and will bc applicd as provided in
<br /> �;4 : '.;, . this Securiry instrument.This assignment of procreds is suhjcct to the terms c�f any prior mortgage, decd of trust.
<br /> ' , security agreerncnt or other lien document.
<br /> � �:";; � 19. INSUltANCE.Grantor shaD keep Property insurcd against loss by firc, fle�od,tl�eft and othcr har.ards and risks
<br /> ,�,,,:� reasonal�l}•assaciated with the Pr��perty due to its rypc and Icxation.This�nsurancc shall be maintained in thc�mounts
<br /> _�F:;;_;��__ and for thc periods that Le:nder requires.Thc insurancr carricr providing thc insurance shall he chosen hy Grantor
<br /> �_�_....:.��..�a tc r�...,�... G.J.� �.. �nnintnin Ihn rnv��raat�
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<br /> ,. . subjcct to[.�:ndcr's appruvai. wnicn snaii noi nc unren,��n.�„�y w«������.,. .. .�......... ....... .., .............. ...- -- -..o
<br /> ' • dcscribed abc�vc.Lcndcr may,at Lcndcr's option.uhtain covcra�gc tu protcct Lcndcr's rights in thc Proprrty according
<br /> ta thc tcrms of�his Sccurity Instrumcnt.
<br /> All insurancc policics and nncwuls shall he acccptahlc h�Lrndcr and shall includc a stand:�rd"murtgagc clausc"and.
<br /> — whcrc applir+blr. "lo���ayer clausc." Grantur shall immcdiatcly nutify Lcndrr of canccllatian or tcrmination af thc
<br /> • insurnncc.l.cndcr shall havc thc right tu huld thc policics:end rencwals. I!I.rndcr rcyuirc�,Cirantor shall immcdiatcly
<br /> givc to Ixndcr all rcccipts of paid prcmiums and rencwal noticrs. Ilpon luss,Grantur shall givc immcciiatc ni�ticc to
<br /> thc insurancc carcier and Lcndcr.Lendcr may makc proof of loss if nut madc immcdiutcly hy Grantor.
<br /> E� • iPe90 3 0►a�
<br /> m iy9y Bankon SyslcmUnc.S C��wd-hiN�I�800�]97�73111 Fomi RE•DT�NE&"8/94
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