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<br /> 14. AEFAULT.Ttuseor wHl l�la def�ttlt if art obllgatcd on the Sccured Debt fnib to make paymcnt when dur.Trustor _M
<br /> will be ia default if�,be'acb�ooew's.wuk� "� of Wts 5ecurity Instiument or tny othrr document ex��cnte�i for the ,,;�.�.
<br />' purpose of creatir�t�spgurin�►wt�ewr�uql� ured Debt.A good fafth belief by Beneticiary that Bcneflciary at any •,,�,�
<br /> hme is insecure vdi itspect ttl aqYp�w t� , ; obligated on the Secured Debt or that the prospect of any paymcat or ;;_._.
<br /> the vulue of thc Propeity i�tmp�irnl sltall,� tltute an event of default. ��"�'
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<br /> IS. REMEDIES ON DEFAULT. in snme instancea, federai and etata law wili require Beneficiery to provide Trustor with r-�-
<br /> � -.� nutice ui aie ri�h► to�urc or oiher notici�d�y�t�ablish�ebme�s�Chfedul�elose thisr�Security�nstnivrt�ntbn atmanner
<br /> neflcl ma acce � �"�•N
<br /> It�nitations. if aay. & ary y
<br /> pravtded by luw if Truscor is in default. -"--
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<br /> �,�-• At the option of Beneflciary eU or any put of the agreed fees and cuarges, scerued intorest and pdncipal shall became �'
<br /> • immediAtely due and pxyabTe, after giving notice if requiral by law. upcm the occurr�nee of u dePault or anytinne �y
<br /> � thereaftet.In addition, Ekaeflclary shall bc eaddcd to all thc reanedies prnvided by law,thc tccros of the Secured Ikbt, �,
<br /> this Secudty lnstruraeut end any relatod documents,jncluding wtthout Itmitadon,the power to sell the Property. =-
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<br /> �' lf there is a default.Ttusta shall, in additIon to any other permitted remedy. at IS�e request of thc Beneftclary,advertise =
<br /> wd sell the Property as a whole or inaeparate parcels at publlc auctfon to the hlghest bidder for cush and convcy ubsolute --
<br /> title itee and cleu of all right,title and interest of Tcustor at such tim�and place as Trustee o�h��ld as requtcal bY thc
<br /> notice of sale includiag We time.tem�s and place of sale and a descdption of the propeay
<br /> � � applicable law in effoct at the time of the proposed sale.
<br /> Upon sale of the propercy and to the eactent not prohibited by law Tcustce shell malce and deliver a decd to the Property
<br /> ' sold which conveye absolute title to We purchaser. and after �irst paying all fees, charges And cos�t.c, ahall pay to .__
<br /> Beneficiazy all moneys advanced for repairs. taxes. insurance, liens, assessments u►d prior eacurabrances and interest
<br />� � thereon, and the prinetp e recttals�i�an�dced of con�v ancetsha�lybe pr3ma f�acie evid�nceyof the factts set ort�h ther�ela. y
<br /> purchase the Property.'Ih Y �Y
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<br /> ' All remedies are distlact.cumulative and not cxclasive, and the Beaefic�ery is entitlai to all r�caedies provided at law Ar
<br /> equity,whether or not expressly se2 forth.'[be acceptance by Benefictary of any sura in paymeat or partlal payment on the
<br />+ Sec�ued Debt after the halance is due or is accelerated or after forxtosure proceedin8e are filed shall aot cousticuto a
<br /> ' � waiver of Beneficiary's dght to mquire cflniplete cure of any exlsting default. By not exercisiag any remedy on Tcustor's
<br /> default.BeneCciary dces not weive Beneficlary's dght to later constder the event a default if it contlnues or h�ppeas again•
<br /> . ' 16. EXPENSES; ADVANCFS ON COVENANTS; ATTORNEYS' FEES; COLLEGTION COSTS. Except when
<br />-�: u• � paohibited 6p law. Tn�tor agraa to pay all of Beaeficiary's eapenses if Tnutor breaches any coveaaat in this Security
<br /> )nsdcurneat. Tnutor wlll also ay oa demaad any,amount mc�ured by Beneficiary for iusuring. iaspecting. pr�erving or
<br />��,:':�, . .,, othtrvvise prota;ting We Pmperty and t3enenciuy's securiry iniecosi.'Ilacsa ea�us��'�2:�ar 3stYt�t frastz ilte�sit of tttt
<br />��:� •y,�.; payment uadl paid in fuU at We hig6est iuterest rate in�ffect as pmvidod ln the term9 of the Secured Debt. 't'cuaror agroes
<br />�:�"•..:�� � . copay ail oosts and expenses Incurred by Beaeficiary ln colla:tIng. eaforcing_or protecting Heneficlary's dghte and
<br />�T.;�:`�i:.� re�ia under this Securiry Instnuvent.'Ihis amouat may include,but is aot linuted to,attomeys' foes,court costs.and
<br /> �-=.�:�..a,... atber legal e�sprnses. 'Ihis Securlty Insuument shall re�nain in effoct until released. Trustor agroes to pay for any
<br />"';�., '':';�:jr;� rocordation costs of suc6 nlease.
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<br />�;��%��'-="� � 17. ENV�tONMENTAL LAWS AND HAZ�.RDOUS S[JBSTANCES. As used in this sxtion. {1) Envlroanoentsl Law
<br /> -_�����'. �sns.�:�:hosit l3saltstfoa,th•Coamrrhrocivr Rnvimnmental Reaponse.Compens�tion uid Liabllity Act (CBRCLA. 42 --
<br />�-=�;��;':•. U.S.C.9fi01 et seq. , and all other federal. state and local laws. regulatlons,ordivancea, wurt orders, atcomry gener+d
<br />- ��� fi'r opiniom or iaurp�ve letters conceming the publk he�ith,safety.welfnre,environroent or a haurdous substaaa; and(2)
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<br />- - -=...;�,�-,� Hazerdous Slrbstance me�ns eay to�ctc. radloxtive or hazerdous matcdel. waste�po llutaut or contaminant which 1►as
<br /> -��;�,�z�,� chuacteristics which render the substeuce dang�rous or poteatially dangerona to the public health, safety, welfare or
<br /> _--,=i environment.Tbe urm includes.without liinitation. any substauces deftaod a9 "harardous maurlal," "roxic substances."
<br /> �"°-��` "h�u�dous wute"or"hazardous subatance'under any Environ�nental I.aw.
<br />--""���' • Ttustor npraseuts.wuraats and agrees that:
<br /> A.Except as pnviously disclosed and acknowl�dged in wrltIng to Beacfcc�azy,ao HazaMouc Substance is or will be
<br />�_�� located, stonad or releasod on or in the Pmperty. This rastrlcdon does noi ep Iy to small quandties of Hazerdous
<br /> --= Subst�s that are geaerally ra;o g n i u d to be ap ropriate for tUe normal uae�m�atenmoe of tl�e Pro�sty. _
<br /> ,�Y�� . B. Except�s previousty disclosed a n d xknowledg�in writing to�eneflciary, TNStor end every tenant l�ave beea,are,
<br />-°-;_x:•�,��� and s ball n m l i n i n f a l l ooinp l Iance wi t h u►y a u c a b le Eaviro n m e ntal Law.
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<br /> — C.Trustor sh�ll immedlately notify BeneficIuY a release or threateaod alease of a Hazardous Substaace occuis on, —
<br /> __-�.= uader or about the Pro p e rt y or then is a v�olation of an y �nvironmental Law concernin8 tF►e ProP�Y• ��� __
<br /> ����s-� eveat.Trustor shall take all necessary nmedtal actioa in accordaace with any Environmental I.aw.
<br /> D.Tnutor sball inu�diately notify BeaeficIary in writing as soon as Tn►stor has reason to beiteve there is any pending
<br /> �.;�� _ or threatenai investigatioa, claim. or pmcooding nlating to the nlr.ase or thmtened nlease of uny Hazardous
<br /> -`_�„�;;,:. � Substanoe or the violation of any Bnvironmatal Law. �.
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<br />- _ �� . -. 18. CONDEIV�IVATION.Tnistor wUt give Beaeficiary pmmpt nodce of any peadin�orthreatened action,by privau or public �__
<br /> - . enddes w purchase or take any or all of the property throuEh coadm�aatIon, ewnent domain.or any other means. Trustor �-
<br /> - . � � ,� authorizes Beneficiary to intenrene in'IYusror's name In aay of We above describod actions or claims.Trustor asstgns to �-���•
<br /> -_ " Benefsci�,ry tLe pr000eds af any awud or claim for dacnages connected with a oonOemnatlon or other taking of all or aay �:��'
<br />- � part of the Propecty. Such proceeds shall be consideral paya�ents �nd wi11 be applial as provided in thia Securtty _
<br /> Instrumrnt.'Ihis ass3garrxnt of proceeds is subjxt to the tem�a of any prlor mortgage, dcod of tcust.secunty agcemrnt or •�n�
<br /> - other Iien document.
<br />� 19. INSURANCE.Ttusror�h�ll keep Property insnred again�t loss by fire. flaxl,theft nnd other hazsrds and risks n�asonably
<br /> associated with the Propeny du�to its type and location. This insucance shall be maintained in the amounts and for the
<br /> �.�,,.:.:•'' pe riods that Beneficiary regutres. The tnsurance carrier providins the insurance ahall bi: rhosen by Trustor subject to
<br /> _ Beneticiary'sap proval. whuh shall not be unn�asonably withheld. If Trustor tails to maiatain the coverage described
<br /> above,Beneftciu�ma , at Benefici s o tion,obtain covera e to rotect Benefici s ri ts in the Pro crty accord '"
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<br /> All insurancepo licies and renewals shull be�cueptable to Ben� �d shall include a standard "mortgage clause" and.
<br /> where applicahlr. "loss payee cluuse." T�ustor shall immediat�, Beneficlary of cazicellation or teemination of the
<br /> isisuranae. Beneficiar� shall have tl�e right to hold the policie. renewals. If Beaeficiary r��quires. Trustor shall
<br /> ` imrrk�dl�tely Flve to Beneficiary all r�.�eipts of paid pmmiums au� renewal notices. Upon loss, Trustor shall give
<br /> iaunediat�notice to thr insuronc�:canier and Beneticiary. Benehc�ary snay tnalce proof of loss if not made imrtxdlately by
<br /> Trustor.
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