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201206788
<br /> At the option of I3enefciary, all or aaty pac•t of the agreeti fecs dncl charges, accrued interest and principal
<br /> shall become irrunediately due and paya�sIe, after giving notice if required by[aw, itpon the occiu-rence of'
<br /> a de�aL�lt or anytime thereafter. In addiiion, Beneficiary shall be entitled to all the remedies pmvided�y
<br /> law, the Cerr�as nf the Secured Deht, this Sccurity Instrument and any related dactu�iei�ts, including
<br /> witl�out li�nitaEiun, the pc>wer �a Sell the Propex'ty.
<br /> If there ia a defauft, Trustee shall, in addition to any other permitteci remedy, at the re�uest of the
<br /> Beneficiary, advertise and sell the Property as a whole or in separate parceia at�ublic aucric�n tc�the
<br /> highest hidder for cash�nc�convey absali�tc titic free and clear of all right, title and i�iterest o£Trustor at
<br /> such ticne aud place:�5 Trutitee des'sgnates. Tnasfee shalk give noticc of salc inclnding the time, terms and
<br /> place of sale and a description of thc pruperly W be sold as required by the applicable ta��in cffcct at the
<br /> timc of the proposed sale_
<br /> LTpon sflle of thc property and to the extent not prohibited F�y la«�, Tc-ustee stiall �xi�lcc dnii cleliver x deed
<br /> tu Ct�e Pruperty snid w'hich conve.Srs absol�ltc titic to the purchaser, and after first�ayin�ail fees, ckj.ar�es
<br /> and costs, shall pay to t3etxeiiciary �11 rnoneys advanced for repairs, taxcs, insuranec, lie€�s, assessments
<br /> and prior cncumbrances and interest tl�ereo�i, and the pritxcipal and inLcres€on the Secured Debt, paying
<br /> the surp]us, if any, to Trustor. Beneficiary may purchase the Praperty. T'Eie recitalc in any deed of
<br /> conveyai�ce sl�all be prirxra£acic evidenc;e€�f the facts set forYh therein_
<br /> All rcmedies are distinct, cumulative and�zot sxclusive, and Chc Beneficiary is entitled to all remedies
<br /> provided at law or equity, whcthcr ar nat e�ressly set fartli. Tlie acceptance Uy F3�ne#iciary�f dny sum
<br /> ita payxricnt crr parLial payment on ttae Secured Debt a£ter the balance is due�r is acce�era.fed or after
<br /> fnreclost�re�raceeclings are filed sl�al� not constitute a wai�er of Beneficiazy's right to require camp[ete
<br /> cure of any exiSting defaiilt_ F3y not exerc.ising any rcmccly on Trustor's defauit, Bei-�eficia�y does npt
<br /> waive Beneficiary's right ta later cc�nsider the e��ent a def�iilt if it continucs ar happens again.
<br /> 16. EXPENSES; ADVANCES ON C�Y�NAN'I'S; ATT�Rl�F.YS' FF_.ES; C'C�LL�i:'tIiJN C(]STS.
<br /> Except wkxen prohibited by law, "I'rustor agrees Yo pay al[of Seneficiary's expenses if Tr�stor breaches
<br /> any covezaant in this Security Tnstrument. Trustor vv�Fl�lso pay on dc�nand any amaunt incurred by
<br /> Bene#iciary for insuring, iuspectin�, preserving ur c>Lherwise pz-otecting the Propesty�.nd$encficiary's
<br /> security intcrest. Thcsc expenses w�ll bear ii�terest from tlie date of ttie paymenl unti{ p:�id in fiii3 at the
<br /> higlicst ir�teresL rate in.effect�s provided in thc tcrms ofthe Secured Debt. Trustpr ag'ees to pay all cosEs
<br /> a�id expec�ses incurr� by 13eneliciary in callecting, enforcing or protccting Beneficiary's rights aud
<br /> remedies under this Security I�istrutnet�t. "I'his am�unt may include, but is not fim�ted to, attoeneys' fees,
<br /> court costs, and other legal expenses_ Tf�is Security inst.n�ment shall remain in efiect until released.
<br /> `I`rustor a�ees to pay for any recordation costs of such release.
<br /> 17. ENVIRONNIENTAL LAWS ANt7 HA7ARDOU5 SUBSTANCES. As used in this aection, (I)
<br /> Environmental Law means, without lir�itation, the Comprehensive Fnvirnnmental Res�onse,
<br /> Com�ensatic-,n and Lxability Act(CERCLA, 42 U.S.C. 9601 et seq.), aaid all otl�ec federal, state an�
<br /> local laws, re�ulatiui�, urclinanc:es, cniart arders, atYorney gcncral opinions or interpretive letEers
<br /> concerning the public E�ealth, safety, welfare, envirunment ar a hazardous substst�ec; and(2)Hazardous
<br /> Substance means any to�ic, radioactive flr hazardous niaterial, ��aste, poltulanl ur coni�ninant which has
<br /> ct�arauteris�ics which render the substancc dangcrous or patenYially dangerous to the���Ii�hcxitfi, safety,
<br /> welfare or environzziettt_ "1'he Cerm includes, without limitation, any substances defined as "ha�ardnus
<br /> materia[," "toxic substance�," "hazarc��us wasYe" or "hazardaus substance" under any Environmental
<br /> Law�_
<br /> '1'rusLor represents, warrants and agrees Yt�at:
<br /> A. �xcept as previously disc;�c�tied and acknnvvledge.[t in writing to Beneficiary, na IIazardous
<br /> Substance is or will be located, stored or raleasc�i un c�r in the Property_ 'E'his restriction does not
<br /> apply W small quantities of Hazardous Substances that are generaEly recognized ta be appr�priatc
<br /> for the norinal use atid rnainleraance of€he Property.
<br /> B. Except as previously dise}c�Ged and aeknarr�ledged in writing to Beneficiary, Tr�zsior and every
<br /> tenant have been, are, and shaT1 remain in fuEE ccimpliance wit1�any applicablc Environmental Law.
<br /> C:. "Cn�stor shall imrncdiate[y notify I3enefciary if a release ur thre3lened relea�e nf�i�azardpus
<br /> 5uF�5tance occurs on, Lmder or about thc Property or there is a violatiox�of atiy Eaivironmenial Law
<br /> coucernii�g tlxe Properly. In Such an event, Trustor shall takc all necessary ren�edial action in
<br /> accordance with any Environ��iet�tai E,aw.
<br /> B. Trustor shall irm�icdiatcly notify Beneficiary in writiiag as suuci as`l'ruswr has re�san to believe
<br /> tl�ere is aziy prniiing c�r Lhreatened irtvestigation, claim, or proceeding relatiz�g ta tfie release or
<br /> threatened release of any Hazardous Suhstance nr the violation o��any Environmental Law.
<br /> S22U4J
<br /> Securify InsSrument-Consumer-NE RE-4TJVE 7l1/207 i
<br /> VMf O Qankrr.aRystam.�n.� VR}'?G1G.ri(NE1(14Q7)
<br /> ssVaiters Kluwar Financ�2f Ser�lces �-p. 199a,2011 - � . ,f p�gy q i,�g
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