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<br /> l4.DE�AULT.Trostor c�l be in defautt if aay party abllgatod an the 5e�uted Debt fa�s tn•mate payment�firn dae.Tnutor =�" ; • :, :`:: ..
<br /> _ � . , �72 be ia defanit if a b�oa�us uader ttce cera�of tDis Securitp iastrument or any other 4�m�t executed for thc
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<br /> ' . � - puigase of eeamnp.sewring or guaisatying the Se�ur�d Deh��1 oud faith belief by Bea�efcsiary that&'aeficiaiy at any : , .. �_ .,�
<br /> ; � u ga d g .
<br /> . ,. t time is insecore wuh respe�c to aay ersoa oT�tity obtigated o�t�e Secured Debt or that t�p�of any paymeat ar `=�;v�''•
<br /> ..'. .�.: tlse vaIne of the Pmpercy is imp�st�aLso ooastitute aa event of deFaBI� ,
<br /> - ' �., � L4. �tE1d�HES�i DEEAULT.ia som�iffstaures,federal and stats law wil��eguire Bs��c^ria�to provide Trustor a��ith 4
<br /> . . nDtioe of the right tn Gue or ather narices aud may �nablish t�sd�edntes for fordelasure�aions. Subject to t� , .
<br /> � `� � �tation.s, if�y, Be�eficiaty may accderate We Sec�ued De6t aa0 forectosc �his Seeur[ty Instnunent �a a m�a� � •.
<br /> _� z�""''� ptovided by Isw if'IYvstor is in default. - �� ,L = -
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<br /> , ,; . . At the option of Beaefec�y�all ar�y Q�af t5e a fees aad d�arges,acceued iatenst and princi�a!x6aJ1 booa:rn _ _; •
<br /> � .� i�i�eely due and payabl� aftec g�Ymg ndtice �ts�,ui�d bg ia�v. upon the,occurrencr of a detanil or anytutte , •
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<br /> • .,. : � thereattec.Ia addidoa,Bect�ti�iary sha116e erttiticd�o atl the�snedicc�SZU��ded by law.the temtg of the Se�urd petst. _ _ _ � .
<br /> , �,_ � tltis Securiry lastwneat ettd aay rclated documents.including withauc I�sn�auon.the Qowcr to seti thr Praprrty. ' ' .
<br /> � .� 1 If tttete is a defaule,'L'rustee shaU.in addition w an otAer pertnitted cemedy.at themq uesl ot thc���teficiary. adveztise •.
<br /> � and sel!t�e Pco�serty.as a whoie or in scparate�s nt public auctiun to Ute Iti�ltest bidder far cash and canvcy a�sotute , ' �
<br /> � ' Hd�free and etear of nit dght.ti�fe and�intetest nf Tntstor at sucb time aad place aY Trtutee desigaates.Trustec shalt gicr ;"�.�.,��:=y�--
<br /> � � , natIce of sale incfuding the t'sme.tcrtns end ptnce of sale nAd a descriptioa of the praperty to be snld as t�equired by�the , . � �.,;�
<br /> .� applicabte ta�v in effett as tIIe t}me ot the pmposcA aaie. _ , ' t � • ?�i`- ����_
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<br /> `a.::1 Upr�a saIe of the prop�tY aAd to the eateat aat pmhibited bg law.Tnutee shall make aad C�tiyer a deed tn the Prv�y� ' _ .._
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<br /> '3 so7d whfch coaveys abs4lute titte ta the purc�asec. and at�tc first PayinS all fe�. chaegea ar.4 costs. shai!�aay�ts
<br /> � �.�;��� Beaeficiary ai[ moaeys advanced �ar regaies. taxes� iasucaace, liens,assessm�ts and prFoc�a:.�6rar:uaw ar�z^txrrst • •, ''-
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<br /> ,;�'l#, thercon. and[�e princip� and interest on t�e 5ecu:ed Debt, PaYmB��Fltts, if aay, ta Yc�.�st�c. 8eae5eiasy a�a� . t��_
<br /> • �. '�' i��`•�� pucc�ha�tDe Pcoperty.'fhe reritals iti any deed af cvavcyaace shall bP prlma facie evidense of she facts set fozth thetei.*�. �• .
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<br /> � � � '"��� All rcmad�ies ate d�srinct,cumutative and aot exclusive.aad the BeneSsiary fis eadtted to aIE remedies pmvided at taso.a� . =_-.�
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<br /> . �+'... equity,whether or not expressly set foctb.The aoceptance by BeaeFc'�y af aay sum ia gaymeat or pamal payment om t� �-- ��'
<br /> • Setured Qebi after the balaace is due ar is acceterated or after fomclasure pmc�eedings are 82ed shall nnt cbm�itute a
<br /> ''; ,�,��' aaiver of Beaeficia:y's rtght to iequire camplete cure of any existin�defaul�By not exercjsing any rrmedy on'T�astar's . ' #''�—
<br /> - • � ' def�ilt,Brnef eiary does nat Nafive B�tteficiaty's right to latec consider the event a defaWt if it oontiaues or Lappens aga,;n : ��;;�
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<br /> ' ;;'.`�, A6. E1�Pt�t ADnANCFS OIV� �V�TANt�; ATTORN�1[S' FEE.S; COLLECI'IOleT CO.S°I'S. Exoept wdr�e
<br /> . ., �- proi�it�by la�v,Trnswr agces w pay aU of BeneEciazy's enpenses if Tn�swr breac6es aay oovenaat in this S� ,.,... ' __
<br /> �� ' : Insuvaaerns.Tsustor ariU also pay on ilernaud auy�.mcuneS by_Eencficiary for iasuring. in�Cang preseisnng or
<br /> ' ��p r o t e�ng t h e F r o p e�t y a n r l B e n�f c c i m�y's s inoeies�'Ilsese e x penses wi11 bear iatertst fioai We daie of the ��`� _
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<br /> .,�..��s�paid in fuU ffi the tugtsest iaterest rate�as provided ia the tenas of the Sec�tt�d Debt.'Fcustor a,g�.s �-
<br /> ' ' � � '����:;;m�� ., al+T casts and expeasea incucr�d by�Beueficiary ia.coliecang. enfo�ing.or pmt�c6ag�BeaeficLuy's rigt�ts aad �,,��,
<br /> . m�m�rt�r this Saauity Ins�ument.This amount muy mctu+�,.liut is not limited to.attnrneys'fees.vourt oosts,a� ` .`:�y�,��-
<br /> , . aWer'i�C exgeases. T6is SeeurIty Iastmment shall cecnaist:at+:c-�C uatii released. 'Crustua agees to pay for any� �,�:;
<br /> • . recor�a�mosts of snch celease. �`���. -��
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<br /> ,:a� ' ff'7. E1N'V!&tOR:1�PlTAH. LAWS APID �TA�AR�OUS SIJB.�TAZ�ik'�)ES. As used irt tttis section.(1) Eavironmental Law ;.�;��X ����
<br /> __ �`��., meaus,�t limitation.the Cau�m�ve Eoviranmentttt�ase, Co�satioa aad biab�ity Act(CBRCI.A,42� � ° ��
<br /> • ; ;f � U.S.C:�6I.� seq. . aud aU other federal,state attd lacal lau�s,�ations,ordinaaces, o��rt o�sders,attomei►8eae�9' :;. ' g- _
<br /> . 4�� : o inir.�+�r�teEp�ve letters cancerniag thc pubiic heatth,safe.ry;.�cs:fare.environment c��i�ardoua subst3nee:a�rl.Cdi." � ,-�,.. -`=
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<br /> ��ss Sabstance means aay torac. radioact[ve or h�:ix�s anaterIal. waste, po1Iar�-cc.coasazninant wluc��as �� _
<br />� . , '�<.3 . ; � 'r,�ar3'c'�y�lsyics which r�der the snbstance dangecuns ar pa�y dan�erous to the p�i:2c�xalch. safet�� we�.a: �.;
<br /> � • ' � e���t.The term includes. without limitation,an su6s�-�«.�:a�s defined as "har�rdous asaj�at.' °�x�,.�;" . �•-=�:..
<br /> �• ' . ;''�a��s wasce"or°hazardous substance°under a���r,�tal l.aw. , > , -�=
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<br /> � . . ,' .Tr,�a";'ra�aie�ts�wazrants and ag�ees that• °� � :. � .: .. ��
<br /> . A.�aa�u as prev"sously discIosed aad aclmowtedged in cr�la�w Beneficiary.ao zcs Substance is�or►s�,�➢�be� � ;�
<br /> � � �'c�ced.storod Qr rete�ased on or ia the Property.This m�a�iction doea not apply�quantittes of Ha�.�tti�i's,.. •y�::
<br /> -.;. � . SubsEances that'.ame genesally reoo�nized w be pppmgriatc for ttie aormal nse aad matntenance of the Property. :,.�� � . 3 ...
<br /> . . B,•Fa� t as p:evibusJy disclosed aad aclmowled�ed in to Beaeficiary,Trastor and.every tenant have beea,.,s�. � r -
<br /> ' ,� ��remain in fall compli�ce wItbt anyappllrable�iromnental Law. . ... � • -•,•�"=;
<br /> .�r�.,,.
<br /> � ;s� � C.lfima�tor shall im�mediazely na7,�y L�eneficiary if a releas��ar�hneatened release of a gZ�ous Substance oocue�� : ,�;,�;
<br /> , • msateer or about the Property o�:+�,�e is a vcolatioa�g�-�avironmental Law aoncer�i�g the Propertq.In s�� "'r _
<br /> ' � �sf_ht,Tnutor sball take alI necessary r�edial actiQ�`�a acaordance witD a�r Enviroamental I.aw. �,.
<br /> ' , . � � � �. �..�'sustor s1�aU immediatdy notify Benefici�uy.i��.as�saon as Tnuwr has reasoa to belteve there is any pe�¢�ng ..-.- ''�',
<br /> . . , � qr tbreatened 'urvestigatIon. claim, or proo�g t��to the retease or Wreatened release of any Hazatdous � ��`' �"'
<br /> ... �. �bstaace or the vfiolatioa of any Envi�nmental La�v.'. .' � .
<br /> . i,'d �A�tE.�VATtON.Ttuswr will give Beneficiary Prompt np�uc�of any pendi�g or tlu+eateaed action.hy private ar pa6�3ic� ..� . .
<br /> . . :,,�., enBNes W purchase or take aay or all of the Frapeny tiuough c�enmatlon,eminent domain,or aay other meaas.'��raAr .. ..
<br /> • authorizes Ben�ficiary to intervene in Trustor's mm�e in any of the above descrlbed actlons or claims.Trnstor assi�s�to •� ,,�.::
<br /> i� . ' Beneffciary ths proceeds of any awaM or cl�im Por damages ooanected wittt�a eeademnatian or atiter t�;of alf or any • . ;,.,: _
<br /> . , part of the Property. Such proceeds shall be considend paymcnts aad wlll�be applted as p�vide�'� �Wis Securiry ��. � . �,;:.�;�^.:�__
<br /> Iasttument.Tbis ass3gnaaeat of pmoeeds Is subjea w the tezras of�any prior mo�e�dced af t�sc,secunty agreeme�t or ':,f:;.;.y?�,���,^.
<br /> ather lIen dncument. . ..� i��,
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<br /> ; �' � 19. IN�[JItAPJCE.Tnistor.sUaU keep Praps�rty iasv�ed•against loss by tire,ttaod.WeR aad oWer hazazds aad risks rrasanably . . ' '
<br /> - assacisted with the Property due w its type and locatton. 7]ils insurance ehal!be maintaiaed in the amounts and for the . � �
<br /> . . . pedods that Beneficiary�q� 't!►e iasvranoe canier pmviding the insurance s�aU be chosen by Tn�stor sub}ect to ,
<br />- � �...� Beaeficisry's approval, whfch shall not be unteasonably witl�eld. !f Tnistor fails w maiatain the coverage deactlbed . �
<br /> � � above.Bene��y maky,at Beneficiary'8 OpiIOD•obtain coverage to protect Beaeficiary's.dghts in the Prapecty according � � '
<br /> .. . to We terms of thts S9euriry tnsuument. � ' � ..
<br />- All insuraacepoficie�attd rene:wals shall be acueptable to Beneficiary and shall include a standard"mortgage clause"�ad. r=.:... ':� �. '
<br /> ' where applicable.'loss paya cl�ue."Tnistor shall immediateiy noti{y BeneRcinty of cancellntion or temilnation of the 4 ;,
<br /> � insnranoe. Beneficiary s6a11 dave the right to hold the policies and reaewals. If BeneSciary requl�es, Tnutor shall :
<br /> , immed�tely �ive to Beneflciary� all receipts of pa�d premiwns aad renewal notfces. Upan loss. Ttustor shaU glve ._ _
<br />_ . • immediate nottce to the insuranoe catrier aad Beae&ciary.Beneficinry may make pmof of loss if nof made immedim�ly by - -
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