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<br /> �� � '' �, lA. DErAtJLT.Tniswr wili be ia default 1f any party obligated on tlte Secured Debt faiis co make payment whea due.Tn�stor •
<br /> : • . « � ��7'!1 be in•defaiilt if a tsreach oavrs under tt�e ternas of this Sec�uity insttumQnt or aay other document execated for the .•.. - .
<br /> Ptupase of cceatin$,s�.wr[ng or guarantying the Secured�Debt.A good Caith 6elief by Beneficiaty that Beneficiary at any �
<br /> , ' � .� time is iasecu�e�nth respece to any persoa ar entiry abligated on the Secured Debt or that the pzasgect of any payment or �;� , -
<br /> the value af We Pmpetty is impaired shali alsn coasutute an eveae of default. !��
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<br /> � - '. 15. IdEMEIPffS O�T DEFAUL'�'.ta some ins�aaoes,fedetal and state taw will cequue B��ciary to pmvide Ttustor�vitiz -. .. . .
<br /> : . ` � uotice of the right to cute or othe:notices aad tQa establish time schedWes for foreclosure aaions• Sub�ea w these
<br /> . limitations. if any. Beaefieiary t�y ac�ce2erate the ySecvted Qebt and fotecIose this Securiry instrumeat in a manaes �: _ --
<br /> - .� gmvided b y taw if T[ustor is in defaW4 _� -- �---• �
<br /> -T� At ihe opiioa of:Beaefci y. all or any gart of the agreed fees and charges. accnced interest aud princi�al shatl becotar . ,-
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<br /> � ; ��,� imatediately due and payal�te..alter P,itimg nvtice if mquired by IaR, upon the occurrence of a default ar � �
<br /> ` thereaRer. In addit�on. Benefis�ary sBall he entiiled to a1D the rem4dies pmvided by law, the ternLS of the Secured ebt, '•�.. . ..
<br /> ..: _ : � this ge�trity lastiume�t aad aay related dowm�t�.induding without timitation.the power to sell the Property. t'':: ;
<br /> � . ��..;:�- If there is a default.Trustee shall. in addition to any othes pecmitted cemedY.at the est of the Beaefieiary.adve�tise .,:
<br /> � . and seU the Proprrty as a whole or in sepatate paroels at pubGe auction to the 6ighese b�for sash and coavey absoIute ,;; r;.s > >_
<br /> . � . . titte free and ctear of a31 right.title anA uuerest of Tn�stor at such time and plaoe as Tmsiee designates.Tnts[ee sball give �. .
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<br /> ' notice of sa2e inciading t6e tnae.ceims and pl2re of sale�d a descriptioa of the pmperty to be soId as requii+ed by ths i1;,.:,_ t�, .•,
<br /> . , .-���:. � aFplicable taw in effect at the tim�of the pmposed sale. <`�E'f�� )��. �:_.
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<br /> �. ` ;;f Upon sale of the pmpetty aad to the e�ent not mhibitcd 6y law.Tmstee sball mal:e aad deliVec.a deed co the�tvpcEtY' . `tsE;_�f.,._
<br /> _ sold which wnvcys absolute dtle to the er. and after fust paying att fees, cbarges atul wsrs. st�alE. a5► t�> � F t;S'f ,
<br /> � ,. Hc�efic�ary all mnneys advaaced for repaus. taxes, insurance. lieas. assessmeaYs and priar eaanaabraaces and ��. �:. �.�!"` �,
<br /> t h e c e o n, a a d t h e p ri n�pa! au� interest on the Secvred Qebt, Paping the sac�hra, i;�,�3►, to Tn�stor. Beaeficiary�inuy , ; � `'t��s
<br /> " t . �..' purcbase tlte Pmperty.'f�e recitals ia an}+d�ed of canveyance shal l 6 e p r I m a f a n e e v i d e t�o f t h e f a s t s s e t f a t i h t i t e c e i n. <': _-
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<br /> c; _ pll�nedies ere disunct,c�lative and not exciasive,aad the Betteg�ry is PatEdedhi'a�rt�edies provtdc��;�i�ar-ws �.�� n�t� �
<br /> .s� equitY.�vhether ar not e�ressty set forth.The aoceptance by Seneficiary o�any sum in payment:ar(iartial�Pay�ne�it oR i�ta ti ,�.t i„ -
<br /> '�clt'C4TtStitU� 8 .. . �° irr�-.
<br /> . , Seaudd Debt aRer the balaace is due ar is accele�ated.or aftcr foceciss�ue Pmoeedings f�ecL•s�tt�, • '�}:r
<br /> ` .�." : tvaiver of Benefcciary's right to require oomp2ete care of anyr e��isting defanit.By tiot e�ca�aa�'ruaFed�7'��}ri:��sW�s ,`•::°' � !::,.� � -
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<br /> - � - d e f a n l t.B e n efl c i a ry does not waive B�eficiary's right ca l�er conslder tIIe eve�}c a defaulc if it cautfrrur.s ur h�►�hs?8�firr. -
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<br /> . 5 . t�p�� �7� �1��/.p� �� ��+1�1 rpp� p��.�/M �Q��+� /�� �/ t�/�� �n,� J
<br /> .� i��. " 16• GAiGI'OWf Itu/Yf�l�i.°_� Vi� CQ�F.I�� Aii�►Y\�1��7 , a+.aiv'1 W�1i�N�ii�!7�T7.'' �f1���•..�T�� �r) c+J�rf����llle�'C:..
<br /> � ' � pmLibited by law,Trustor agcees w pay atl of Seaefrciar.�r's exgeases if Tn�swr'b��,cau�in tit'�s:..'�urit� ,: r �'•'�•��:
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<br /> • : :,� , Ias��Ttustor wtll also pay on demaad any amouut��by,BKaefici�►f�r ins�¢r,itm�sc'�tin8•p�+i=ofth� ,`. � '.� -
<br /> -- ., .��. . , othera+ise protecarn$the Fcogecty aad Beneficiary's secun�ty mtec�st.-Tbese exAensss�w�7L�rat��om Ehe .;
<br /> �t - �FaYment uatit paid w fiill at the lughest intc�est rate in e�x as gtauld�d�in[he tem�s.a�she Sepur�d�Debt.�'ra�or agr�ae�.�,f.,.
<br /> ,, . . ,-tn pa aU costs aad expense�incnrred 6y�Beneficiary•.�m•ooitecang,�enforcitig•oc,���rig'�ea�csurp�s[i�►ts and � _
<br /> �es under this Securi.ty. W�rumeiu.This amouflt ma}�•utclttde.but is noi limit�tu,•$Ctomeys'.fees,couit tnsts.aad �
<br /> '� � � 'otner le�al expenses. This'it�eGUrety.Tasu�u�ent sball c�nain in effect unrit reira�d,. TtuWtas.�es to �;f�r any _�-
<br /> ' racoidauan rnstg of sach cele�se. . -,•.,
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<br /> +• ��' � 17. EPli��tOPfiJ'(��TAI. LA�S ANt?�R�Oi.'3 SC'$.S'�AN i! :,As us�.ia t�is,s.�tto�.d:. �;�nvcm� Law . '::� _
<br /> , --- a�aas,withont�limitmfna:tir�Compi�heasive Fnviraamentt+l�ResAonse+ComPea�an a�td L��'Act(G�t�.p1,�2
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<br /> r .. �: � U:S.C.9641.et seq.), and.431�o{her federal,state tmd lacal�.laws,n�alations,ordina�:�es.court o eis. atto�:v�;;�eneral _
<br /> _ ''':, ' ' opinfons or interQrebve lettais conoeryin�the pubtfc hua�th�safety.a�lface.as fimnment or a liazardous substarnrx:and<2) - �,T
<br /> r; �. ' . Hazardous SS�bstauce means any to�rlc. radiouctsve or 6arardous material. waste, po liutant or canta�nant ahicA Las � "
<br />- - charaaeristics wluch iender'the substaace dangerous or poteatiaUy daagerous to the public heaIth, safety. welfare or• . � �`�•
<br /> ' � epvironinent'Ihe temt•includes. without�limitaifan�an�y substances defined as"har.ardous material." "toxic substances,° ' --
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<br /> • � � "W�zardous waste"ar"bur�ndous su6suwoe"�undcr.en}s;Eavironmental Law. . ,.•,
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<br /> � `' � Tntstor repteseats,watcainfa�ag�ees tb�tto • �� . ., , _4 :.<
<br /> . .� �•. A.Excepi�as previqasty�:�liiclo�l�an ��aM�dged in writing co Beneficiary.�a'N�zardaus Substaaoe is'or wUl be .
<br /> -- ..... Iocatedustorad•or,released�qn�an��tti�'�PmpenY. This r�esuicxion does not�ppIq to s7nn2��.�antitics af Haratdous s.l
<br /> � . Sobsttmdes�ni u�e gensrelly m:agqr�d�to beappropriate for the hormal use an�maintea�rL:n',the Prnperty. ._
<br /> B.E ,ept,a5 pt�eviousiy d�sldsed�a7c►d+�t�btnowledged in writiag w Beaefciary.�Trustos and evac�.�+tenant have been,are. '�'�,'':_
<br /> � . . � ; .an d�s h a l l remain�in f u 1 l�#x►qtp liance w l t h any a pp li c a b 2e Enviro m n e a t a i l s i w. ::..�:;
<br /> � 1 �C.Tn�stor shall irmnedie7�l,y notify Bene ficia�+�f a re tease or t h r e a t e n e d re l e a s e o f a H a z a M o u s S u b s t a r u e o s a u s o n, �
<br /> " .• . � .: •under ut about the F�sertY or there is a violauon of aay Environmental La,w conceming the Property.in such an y� ;: « -T
<br /> � . :.� `�• event.Trustor shall•taC��all nec�ssazy remedial action 1n acco�d,alt�ce with aay Ea�viramnental Law. •. -
<br /> �� � •D.Tmstor.sha11 immediat��l notify Eenef�ciary in writing as soou��7'rnstoa ttas reasan W belteve there is any geuding : '
<br /> . � . � �� . •or tHceat�r.cd inv�sJ��on. clai�m, or prooeodmg rel�ting to;A�'a�.tetea� Qr Wr�teaed release of any Razatdoais h .' r . .
<br /> .. � . ''�� Snbscans�or the v�3ian of any F�vironmental�. � . �` � '"'�.�
<br /> z ,. . 13:;rY�7R�1IfEMNA�QtN.'1'iis�r�an'll give Benefcciary Qcui��aotice of acr�pend�,fo.a+d�tened action.Ay pcivaii�or public � ,
<br /> �• - .; -i, � �entities w�wri.i:�e or take any or all of c�se Property tE�au�h condemnatv�r�.e�'.pti��st;c:main.or any other rn�ano.Tn�star ' ' .
<br /> � ' , :;. z.. .. authorizes Beae(i�aiary to imervene in Tn�tor's siame in•any of the a�uau�dcscc+3:1;3?`�aions oe claims.Trua4t:r assigno t��
<br /> . ' • ' ; Eeaeficiary tht;�irooeeds of any award c�c+��im for damases conne�cp�;vr?�.a ec�i��aatiCn�c��dti�r taking oE a1�or any, �•.
<br /> • part of thc PiopertX. Such procceds�b.�•.he considered yaymeats•.�►�•�xill�7��,i�{ued �•�±Ocaided,ttt• tU.ia Securty• ;
<br /> . �, ;• � InstNment.This ass�gnmeqj':td prac�l�:�s�subl�t co tha tertns of aay prlar a:on�,:�;�tlofxrast.secvrit�a�meat or `` �
<br /> .:��' other lien document. , . r�
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<br /> 19 IN5[JRANC�.Tn�stor�li�lt����!?�`snsured against loss hp��,aa.�f2oad.tRe�!�d�other hazards and rlsks 4�asonably : .`�• '.
<br /> � • associated wlth the Pro�f�•��►te ro�:r.�,a�sud location.'Chis i�st�x�x snail be maintained 1��[hs amouats and far tho �� ' '.
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<br /> periods that Beaeficiary.ct�r�t,ues. 'Ciii�msurance caricer ptovidc�n�,�'i�svrance sball be chos�n by Tmstor subject ta �
<br /> ; � Beneficiazy'sappmval. ivl�9ti9,t`.;s5alf not be unreasoaably withhef�e_�dS'firustor fai�s to tna3utein tho coveragc described . .
<br /> - . . above.Heneficiary tnay;:�l3t�eficiary's option,obta'm coverage to pmtect Benef�l.imuy's.righte in We Property a000rQiag
<br /> - . . •. td tlte terms of this Secur.'i;��I�CSnuatcat. .
<br /> - .. '�' ' All iasuraace tcies and reaewals shall be�t�le to Benefi�lary and sha11 include a standand"mortgage ctause'aad,• ', � '
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<br /> � � • • ahere appli le. 'toss payee clause."Trustor shall immediately nodPy Senefieiary of cancellariop or temunation of tho
<br /> iruvrance. Beaeficiary shall have the right to hold the polic�es attd renewals. If Benefieiary tequires. Tnutor shs�ll�' . : ��
<br /> - ' � � iEmnediately pive to Benefclary all mceipts of paid prrmiums and rene�val�notices. Upon toss. Trustor shall give
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<br /> �- � immediate notcce to�he 9fssurance canier and Beneficiary.Beneficiffiy may mrike prauf of loss if n�t made immediately by _
<br /> . '. � � Tn�stor. � . . . ,
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