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<br /> ,. � 14. DE�AUI.�.Tiqutor a�ill be in def�ft if aaY parry obligazed oa the Secured�ebt fails to'�alce payai�ni when d1ie.Thutor }.. � :,:1:.�
<br /> . wpl be in de�'a;r2t if a breach occ�ts under We te�ms of ttus 5ecurity lastn�eat or aay o[her docua�t executed for t�e r • � .
<br /> ' ; pnrpose of ciea�n,�.securing or guaraniyiag the Secnred Debt.A gwd faith belief by Ben�s�that Beneficiary a�any
<br /> ,--- •--,• ' _ ; nme�s insec��ce w�h respess to aa�;�CSOa or eauty u�ligsa�c!ott s1�S�zec!Debt or Wat tDe F.�t oF aaX Fs�rmesst o: �-=:-=_ -` -��--
<br /> t he v a lue o f t�e P c o pertg�s u�a u e d s h a ll a l s o constitute aa ecent o f d r f a v it. . -
<br /> ' ` � I5. R�IEDIFS ON D�FAU.LT.ta some instanc�,s,fedeial a�d state!aw will nquire 8�taefciary to pmvide Tnusar with '
<br /> , ` motioe of tlie right m cure or o:her�tices sud may estaLlish time scdedu:es for foreclosure acnons. Subject to these . ��. �
<br /> . ` li�ons, if aay, Benefcisry anay aooe2e�ate th� SeGUed Debt and foreclose this Sectffity Insi�umenc m a ma�ner ;.v.;_.
<br /> -� .:r: "� •� p:a�-i��d by law if Trustor is in d�faui� - - - _. .
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<br /> { ' . p Aut thr option of Beaefi�'a�yr a11 or aay gart of the fees and charges.aa�ed intece.tt aad priacipal shall beooane
<br /> ,. � 1 i�adiateIy due and pay�abte. after givmg n�tice�re�nised by law, upon the aaurm�ce of a detault ora� -
<br />_ , . � t&�r. In�3dition.Beaeficiary sLall be enaided to all ihe ze�dies pmvided by law.the te�s of t�Secnzed I�bi, -
<br />: , th�s��ma�t aad a�r related do�u,inciuding v�it�out limitation,tite power to sell We Pmperty. . . _ .°;:��,.
<br /> . ' ' If t�e�e i;p d��aui3.Trastee st�all, in addi�on ta aay oiher germiued remedy.at the af 17re Beneficiary,advertise :y , ,
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<br /> : s ' ; :� and;�t���►pe�r as a v�ha!e or in s�garate patoels at pn�lic au�ion to the tu�t b�fiox casli:aad r.onvey absolute � „
<br /> , '` � ti t le�re a a d ciear o f a I f�S ht,t i t le a t W mtemst o f Tnuwr at s u c h time a n d p l a s�a�T i u s i e e T i��e s h a ri ve
<br /> • �:;^ ,,k. .,.S nnti�of s a te i n da d i ng,t l x�ti:�z, terms a n d p t a c e o f s a l e a n d a description o f H t e gmtseriy tn b��a�t e q u i r.c x i b y�t h e _ .. '=
<br /> . , �, � aPP f i c a b le l aw in e f fect at;�pe time o f t h�pro p o s e d s a Ze. '".;�t;:;:•.
<br /> � � � . Upon sale of�e�roperry and w the eac�rt�i pmlu'bited by[a�e,'Ctro�e sball make and d�Lv��:deed w dt�Fx+b�s�ciy �� ���e_
<br /> �. sold Rfi�ch �nnveys absoluce 6tle ro ch�p�haser, and aft� f�:.Pa�ing aA fces. c5arges a�ct�,costs, s6aI1�ay m • -
<br /> - . : .. Bene6ciary atl:moaeys advanced for repaiis. taxes, iasuranoe, liws,a�ts and pnar encumbranc�aud�ar.�st. .. �", . : _:=_
<br /> - • , t6erean. s�d the princ�pal and interest on the Sec�ued Debt, PaYiag the sutpins, if any, to Tnrsinr. EeveGcisrp may � - .;.��,�.`•-
<br /> . .purcd�a�:��perty.The.recitals in any deed of wnveyance shali be grima facie evideace of the fa.cts sa fartit�n. ,, 't�f-;���..:
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<br /> ' All'�tnedi3s ai�e distiact, �lative aud uot eaclusive,and the Beaeli�rary is entitled to ail remedies�rovided at(avv at .� ---- a��
<br />_ • . � equicy.Q�T..as not expressly set forti�.'Ihe acceptmice hy Beaefrcia��c of any sum in paymwt or parnal paynneos oa tire • . � , , - �`.g',
<br /> . . -- '�` Se�xued}�t�c t�e .daau�e is due or is accelerated or after fo�ue ptao�sdiags az�e filed shall nnt�a : ���`�, ::�``�"'.
<br /> • • ���y:�� w�:i�i�of Beae�"xaaz��s:i';��'�pa require wmptete care of any exIsring defauEt.SF�+�xe�'�+�any:emedy�''C�m�'s.� `�,�. '"`�s��?�Yr�s'��
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<br /> .. . •��`v';;�, de�avlt,Beneficia�Ydoe��;;�veBenefiaary'srig6ttolaterooasidetthe�sr�ra�!��awitifitoontinuesor�►ap�ans�gaia:.. ��: .r;,,x..�a.r�r..-r-_
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<br /> ..` :• 16. EXPENS�S: !�El�►�'�i: Cfb�TANI'S: ATPORNEXS' 3��; ��f�LQ,].lh.'.�&'d�lei.2.`�DSTS. �?xb�p9t• svheu. . - ,���'" `" -
<br /> � �� pmhibitod6y I,��v.�r�.�sk,�to a�a11 of Beaeftciary's exg�s�3rtzsa��x�d�ar��a�s��nant m dsis S�g , y
<br /> �`,>•� ins�umeral Tiaa�or wiri��E�n.�fr,�an��:aay amount Incun�B��'T��L��n8, �vpa,�ar :
<br /> . '` �13�f:twise praieskSng it��and Be�actaty's�sartty interest. expeQSe�w��'�t�i��d�:°.W��' ,.:"'
<br /> . .�;„ .��unn7 paid in fu[i�t�$ighest nitetest rate in effect as provided ia tYt�c�a��se S�,t�DeOi.��� � � , _
<br /> �. uJ:�r ail oosts and eaper.�s incurrerl hy Beaeficiary in colier�ua�, enfor�;��.�tec� �sefclazy's'ui:� axc� �. -
<br /> , ' m�es under tvis Security tn „n�f '[7�is amouat may incla�e,.Rat:;s not 1�•:�.auoa�si';Aes.court costs,aG�f .. � ' --
<br /> „`p' . •��� te�al expenses. 'Ibis Secarity �ent shall remain imm r�emtil released. Trastuvr,a�es to paq fos a.ay.:;,. . �-----r-
<br /> .. . . �:a�irdanoawstsofsurhretease. �. �. . - :�}�.��-
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<br /> ,. -.7• 1T�•�IItONM�1V'PAL LAWS AND 9AZARDOUS St3�5TANCES. As osed in d�is sec�tton, (t� Envir�u�aast�al Law `a ;�-�
<br />. . . meaas.a►ithout limitation, the Compmhensive Environmental Response.Compeasadon a�Liability Act(�1�.A,42 .,,., �
<br /> . U.S.C.9601 et seq.),aad all other fedecal,state and loql laws. regulauans.ordiaances.court ordets.attora�Y g�ral :'.-��=,z
<br /> . opinions or Intetpretive teuers concerni�g r�s pnblic health,safety.weifare,environment or a ha�ardous substance:and(2) .. ...,��
<br />- � ' � . .` Hazardous SS�bsteuce meaas aay touc, car�oar�ive or hazardous waterial. waste. poilutant or contaminaut which has ': .`="`�-
<br />- � ' � �� cbaracteristics wluch reader the substa¢�dangerous or potentially dangerous w the public healtb, saf�ty, welfare or � �=.--
<br />`. envimr�mea�'I7�e term mcludes. arithout Iimitation. an�y substances defiaed as"ha�ardous material,• "toxic snbstaaces." .' __--
<br /> : . �.;': °harardoas waste"or"ha7ardous sabstance"under�y Envim�tal Law. � ='��
<br /> . ' 75rustor repres�tts,warraats and agrees t6r.s: � � . ,
<br /> . , :'��:� ' . A.Exoe�t a�paeviously disctosed arsd:akisaowledged in writi�;t¢L�'�efrciary, no Ha7ardous Snbstamce is or aU16e �-
<br /> _ . • � �,;, , , toca�:,�;t�red or released on or�im�i�:.Properry. T63s�restricdr�,+�ors uot apply to small quandttes of Ha�rdous , �.•'�_
<br /> � , • Shb�iitat aze g�.�era11Y recogri�ai to beappmpriate for tht tormal nse and mainteaance of the Prope�ty. � . �,L.
<br /> � �-J�.�x t ar previou�'�r��y�losed aad acimowtedgea sn writiag to Beneficiary.Trustor aad every tenant have be�,ate, , �,`.��;±.r
<br />- � � . and�all rPmain ia�i�tanmplianca with any app1:cable Envim�tal Law. � '
<br /> � • •� C.Trustor shail immedf�:i'y nanfy Benefi ' if a retease or threat�ed zelease of a Hazaidous S�bstaace acaus on, -.
<br /> _ . '.;.r ed c�ary
<br /> _ � uader or about the Prape�ry or�is a violation of any Environmental Law conceming the Properiy.In sueh an , .
<br /> � �evemt.Traswr shall take aU neoes.�w�remedial ac6on in accordaace with any Environmeutal Law.
<br /> �� � ; D.Tms�¢r�aU immediateJy notif�r$�;�iary iu writing as soon as Trostor has reason to believe there is any�� • �'�4 � �•
<br /> . •• or threatened invesdgatton. cla�;ar pmcwde,� relating to ttte release or thceatened release of a�p hl�ardo¢s : ��:,`jf � �.`
<br /> • ' Substence or the violatton of any Eaviron�aeat:,���a.�+. .w�%�f �
<br />_ � •`1 1�CONDENII+lATION.Tn�stor will give����.ary�'91��P2 notice of any�ieadinp or threatened astion.by priv��r ublis . .. . '
<br /> �j � ,�; eatiSes to puochase or take any or all of tiie tQsough waQenmatton,emmeat domain,or oWer meaa."t.��r ' •
<br />_� �, authori�es B�ie�ciary to interveae in Frns�s�x'�,��arns.i��y o��lke abave describad a�ions or d�.Tmsta�cs.^5fgis t�.. . ; .. . .
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<br /> ;� 8ta�eficiary t1i��pcaceads of aaY award mr clai;n.fpr c�wi�es coarnec�d wNh a caade�ation oz other tals�ag oEsill';�any �
<br />- � • r�} art of the l�t?trpeny. S� I��ceeds shall be cansaifl�•payac�►c� and ariiF Ije applied as providod in ti19�t3es�uity . ;cj`�
<br /> � .��sasrament.Tt�as ass ot mceeds is sub'ect uD' t�ns of an r��, �
<br /> �Sr p j t�: P�rior esm deed of tnut,sec�mr.Y�t or ;�:,�; .
<br /> , � • otf�¢r IieQ doc�tffieat. � • . , ;
<br />_' . .. . ':; r9: IlVS[JPtARI�. Ttustor shall keep PmRerry insured against toss hy ti�;.Raad,theft and otber liarands and risks reasoaably . ';`i�= °
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<br />- ' associated with t9e Prop�tty due to its type artd locacion. T(us insvrea�ce shall6e maintais►ed t».th aznonnts aad far the - �... "':.
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<br /> � eriads thai Benefiiciary requires. The iasi!*�+�carrier pmviding the ins�rance shall tie chosen�y'[Yustor subject ta ',�:, : :
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<br />_: . �� : s� Beneficiary's approvat, �vhich shall not be anre�onably withhelA. if Tn�sCor fails to matatain the coverage descn'bed •.,,,�ii;';'.:��`
<br />;;,`' : ::`.'�` above,Beaefic� may.at Eenefcciary's opfloa.obtain coverage ta protect�eneficiary's rights in the Ptoperty saoording � .,,: `' ;°`
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<br /> , .`�� to the teims of Wis Se�urity(ns�ument. ' �`�;,,:,'•
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<br />� ,+',:�, All insuranaepo llc�es aad renewals shall�6e ac�ptab2e to Beneficiary and sha11 include a staaaard"mortgage clause°aad, � � :�';::
<br />_ � . , where applicable, "loss payee clause." '1'�ustor shal7 immedlatety noti�y Beneficiary of caaceilation or tennination of the � �,;,��,,,.,r
<br /> . '• iasurauce. Beneficiary shaU have the dg6t to dotd the polic�es aud renewals. lt B�eficiary requires. Ttnswr sl�all � �.ti:. � .
<br /> .. • iaunediately give to Beasficiary aU receipts o! d prEmiums and maewal aotices. Upon loss. 7Yustor shall give �. .
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<br /> , i�ediaze notice to the insuraace camer aad Beaefic"iary.BeneBcFary.may maalte pmof of loss if not made immediatety by .
<br />- . � . Truswr. �
<br /> . . • � IPage 3 0/41 " .
<br /> . . . .� A794OBa�tvs5ntema.tnc.5t CtaW.tdN 17$9G39T23011 iumpE�OT�NE t0�b97 . • _ .
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