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<br /> '� U&T.Teustor wW be!n defaWt it uny p obligated on the Secured Debt fails to�mflice payment w $n uo. —
<br /> 14. DBFA
<br /> 'r�� .�to urs er tde tetms of tbix Securlty Iasttumeat or any other doaumeat _
<br /> :"-'��- �.xecut ,. � i .t�►g �8°f B�n�A We Secured Debi.A goad fnitb bellef by �eneficiary -
<br /> -�•:, � ���;��respect to any p��A or entiry obH�uted on thr Secuced Dehi ar thut!he
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<br /> �� that Be efl �,� *^������e�a �� ��eh��fl��q¢�ute an eveat of defaWt.
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<br />' � ]S. 1tEMEDIE9 ON DEFAULT.Tu�some insteacea,federal aud state law witl requlte Beneficiary t�pm�►ide'Truseor -
<br /> .�� , with notice of the dght to cute or ather notioes end m�y estebUsh dme schedules for fareclosure acttons.Subject to
<br />-= - these limltationa�jf aay,Beaegcituy may axelorate the Secured Debt and foreclose tlus Securtty Instrument in a
<br /> ' maener provIded by law itTntator is la defaW�
<br /> —_ - - At the opdon of Henefic�ary,all or any part af the agreed fees and charges,aociued lnterest and princIpal shaU become
<br /> �',��� ' immediately due sud pa�abie,aRer giving Qatioe if re9u�rcd by law,ugon tt►e ooc�rrence of a default or anydme thereafter.
<br /> � • In addtflon,Bene�ciary�be entitied to all4he reraedicu pm�►ide.d by laN,the terms ot the Secured Deb�this Secudry ___
<br /> Instrument and any relat d documente,including wlthout!hu[tstlon,the power to sell the Properiy.
<br /> •'�'.�.', u there is a defatt�t,Trustee sball,i�addition to any other per�itted remedy,at the request of the BeneScla�y.
<br /> � •'`�" adve*dse and sell the Prto,�eriy as a whole or in separate parcels at public auctdvn to the highest bidder ffor cash an�
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<br /> �,:? �oav�y absolute titie�ee a�d clear of sU r[�ht,title and interest o�Trerstoa at sucb tlrae and place es'IYustee
<br />>�.,_�; desigaates.Tmstee sdaall�a�re notIce of sale�ncludin�the time, t�rma�s and place of sale and a descrn�ption of the
<br /> ;°,�; �rOPenl►to be sold ai rzqu�ed�y e�e�licable law in effect a3 t��tim¢o�the propated saJ!e.
<br /> '���` IIJpon sale of the praperty and io t�e exteceE not prohibited by law,�'pustee shall aaake and d��ivea a�to the Propeity
<br /> ;,�,���.Y smid which coaveys absolute title t�&Fxe�urctr�szt,and atter 6rst paying ai1 fees.chas�¢s ased oas�s,she11 P�Y to
<br />,�.,Zr'��, BeneSdary all�eoneys advaaoed for aepaeas,ta�c¢s,im�surance,liens.esse�ments and prior e�bra�¢oes and intesest
<br /> tLereon,and the piinclpal and interesE om¢he Secured Debt, pa g the surplus,if any.to Tru:stor.�eme8dary may
<br />�:�i,�_ _ purchase t�n¢Praperty.'Ihe recitals ia any�eed��ounveyance s�prima facFe endence of the facts set forth ther�in.
<br /> , .,�'„f?� pll reuted'c¢s are disttaCt,amnWative a�nd na4 eaclusive,and the 16eunE5dary is entitled to all rem�dies proviaDed at law or
<br />-;�'� eqniry,whether or aot eapressly set forth.The avceptance by���eefc�n'�yr of anq sum In payment or parHa!ga�mant ora We
<br /> :r.!�.:
<br /> ' :;:� Sscured Debt after ths �alance is due or is accel�raEed or afte�fo�seclnsuce proceedin&s are 51ed shaid�ot constitute a
<br /> - % waiver af BeneSciary's�iR�at to cr�uire comple4e cure of any e�ds6ng defaul�By not eaercis�►g any remedy on Tn�staPe
<br />':_,s,��� d¢fault,BeneSciary does aa�waive Beneficaary's righ4 to later ao�ider the event a default ff it oontinues da hagapens again.
<br />__-rt��� 16. EXPENS�.°�ADVANCES ON COdENANTS;AITORNEYS'F'EES,COLLECTION COSTS.Fxcept when
<br /> --- - prohibited by law,TNSWr agrees W pay ell of BeneSdary's expenses ii'Prustor breaches amy oovenant ia Wis Secutity
<br /> -'>s:�:,�� Pnt,Tn�stor arill also ay on demand any auaount inc�ured by Beneficfary for inswri.e�„iaspecting+Preservin8
<br /> ... ':��'1' _ ��protecdn�the property aad Beneficis�y's security interest.T�nesu�r�ses�4�s�st�esi fmm!he =
<br />-_ date of ffie payment umtil paid in full at the Lighest imgEaest rate!n effed as pmvided in the temis of the�c.'cured DebL
<br /> - ----- - '�Yustor agrees to pay all oosts and expenses inc.vaed by Beneficiary in ooIlec,ting,enforcing or protec4in�i��neSdary's
<br /> J rIghts ancE tre�edies under this Securlty Instmm�en�Tlris amount may include,but is aot li�ited to.attomeys'fees.
<br /> - -•--�--s.� court cosas,�d other legal expenses.This Securi'ry Inatrumeunt sOnaU remain in effect until released.Tnistor agree.s to
<br />_- _:-_�;=� pay for any zecordadon aosts of such release. �
<br /> �:`�f' ' 17. ENV11tONME1�TrA0.•D.��b'S AND H�ARBOU�$UBSTAN�ES.As use�l ami tbis sec3ie�m,�$)Bavironmental Isw
<br /> '�::�;`��y� Co 4ion at�f d..iaDility Ad(CERC7�►,
<br /> .,;:�:;;in means►without limita'tama,�e Comprehensive E�tvavc,nittental Response, ml�
<br /> "'��'°"••�"" 42 U.S.C. 9601 et seq.�����ull other federal,sta4�aad local laws.regulat�ons�ordinamr.�s,ixaurt orders,attornay
<br /> ___�: general opinions or iaterprtetivm 7�¢�ezs wncernin8 the public health,safe ,welfare,erq�ironment or a hazardous
<br /> - substanoe;and S2)Ha�ardous Stipbse�ncs means any toaic�radioactive or ous m�¢e:r.ta�,waste,pollutant oa
<br /> _- oontaminant wluch has characterisoics wtrich render the substance dan�erous or potenttal�r cl�erous to the publie
<br /> .._.�.,
<br /> .�� he�lth.safety,welfate or environment T9te temm auer,�udes.vvithout limitatioa.anY substanoes de8ned as ha7ar ous
<br /> -- - material,""tmdc substances.""hazardous waste„oa.::�AZardous substsnce"uader say Environmental Law _
<br /> Trustar represents,warrants and agrees tha�
<br /> ...'��'� A. Exc�lpt as previously disclosed and aclmowled�ed in ariting to BeneScIaiy,no H�zardous Substance is or will be
<br /> �.,,m,.�;.�, loc��z�d,stored or released on or in the Property'Th�s restriction does not a��y'�to small quantities of
<br /> �.:_,"�"'A Ha�xtdous Sutastances Wat ure generally reoognized to be approprlate for the norrua�use and maintenanoe o�
<br /> -_:ei:tY� the Property. �'
<br /> n�•;F�,�.o. _
<br /> ----�=. B. F.x+cept as previously disclosed and ac,knowledg�d in wrl�ng to Benefid�.Ttustos an��vetyr ten�t'have n,
<br /> - are,and shallremain ia fiill compllaace with aay applicable Eavironmental Law. .
<br /> --.� G 'lYustor shall immediately notity Heaefiaary if a release or threatened release o8 a�-IFUrardous Substanoe oocurs
<br /> -- on,under or about the Property or there is a violatioa of any Environmentat Lat�'mc�'�°�S�e�'OPeriY.III
<br /> s�tch an event,'IIYustor shall take all nece�ct�R?t�m�actioa in aocor�Aace with a�y Env�mn�►ental Law.
<br /> D. Tntstor shall emmedietely notify Beae�ici��n�n wnttng as soon as'd`��or has masoa to believe there is any
<br /> —r--� pending or thrieatened invest�ation,cla�ni,or�t�eding rela�ng ta t�►e release or threatened release of any
<br /> -------�=�■ H[azardous Substence or th�v�olation of eay Emriron�ae�sial Law• ' .
<br />°�`.;:"� 18. CONDEIi�IIoTATiON.'hu.�tor w�l�ve Beneficiary pmmp4 m�tc��of any peu�g or tt¢��3ened action.bY private or
<br />-�`�=°�_,�w°�" public entides tm pu��c or take any or alIl�II'E�ie Proper¢gr tDauo u g h ooan�x�nnn¢con,e�inent domaiu,or any oth�r _
<br />_�;,:Y;�;��'� means.Tiv.stor annth�uc�.�Beneficiat'y to inteaveu��rt Tntstor's name in amy m`d'¢he above described actions or claims.
<br /> ": e�-° Tcustor assIg�s t�Be�aary the prooeeds o�any��,o�ard or cleim for damag�s oannected with a aondemnadon or other
<br /> .._ .,__,.,;.*
<br /> --��_'-_;',�- taT�g Qff aFJ ar effiy g�u�t of tha�e�a�erty.Such proc:eeds shaU�Se considered payments mns�c�be a�pHed as grovided in
<br /> -�,u-:;,�`, ��¢�axiEy ya�IIru�enL't'his z�ss�gn��nt of proceeds is senmject to the terms of an�g�xnmx��rtgage. deed of trust.
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<br /> .__;,,;.�;,y sea�rct5+a�eemeata�atLL'c�a�ecndaasmem� n loss by fire,�t�ad,II4t�ft and other hazards and risks
<br /> "=,;N��S�'�' Il9. INSURANCE.Tra�uar�a��cep�ro�ser�Y�s¢red a8ain.�
<br />-:�a�-��3�:��� reasonabl associated wi��e EDm dae r.��es Hype ar.d t�on.This r.a�a�.ce�4eall be maintai�in the amounts
<br />__.���a���;� y �uir��e e¢s�rarrier provid'iIIg f�.���ce shall be c�¢n by Trustor
<br /> - - - end for the periods that Beae�ary s!�q ���_...�....���...a.�:;;u,ithheld if T��r irails to mai�taim the coverage
<br /> ---_,R`:..-�� S111fjCCt t0 tf6IIenc�ary a ap�iucar.wra.o oss�............�. -, ---- .
<br /> :-�;-i descnbed above,Beneflc�ary ruay,at BeneSclary's optiar�,obtatn ooverage to psaeec�Bene�eiary s rigLts in�e
<br />::.r.'r��'�, . ProPe�1Y a000rdi�8 to the terms of tbis Security Instcument
<br /> '., �� , pll;nsurancc polides and rens:vals shall be acoeptable to Benefiaary and shall iarlud�a standard"mort8a8e cl8us�"
<br /> _ `�•:�;� and,where appllcable,"loss payee clause:'Trttstur shall imtnediately notlfy Bene�CC�Fary of cancellation or teimination
<br /> ' . � .y of the insurauce.Benefictary shaU have the right to hold the�olicies and renerrals.If Benefi�r requires,Trustor shall
<br /> , . immediately give to Bene�dary all teceipts of paid preauums end renewal noHces.Upon�oss,Tru.st�r shall give
<br />- . �' ' Immediate aotice to the insurance currier and Beneticiary. Beneficiary may make proof of loss if not made
<br /> .�' ' immediately by ltustor.
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