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<br /> cxccu►ed fcir ihc purpo� of crc�ting,scrurinfi iir Fuarantyin�;lhc Sccured Dcbt. A goiid itiith hclicf by l.cn�lcr thiit
<br /> IA nder nt nny timc i�insccurc wlth res�xct tu any per.uin or cntiry ubljgated un the Sccured Deht or that the prospc�t
<br /> ��f uny paymcnt ur Ihe vnlue ut the F'm�xrty is impaired sht�ll also constitute un event of default.
<br /> l5. RI:MFDIE9 ON Uf�MAUI:f.In�;umc instanccs,f�:dcriil and statc law wiU require[.cnder to ptovide Grantur with
<br /> nulicc uF thc right t��curc ur�►ihcr noticcs nnd nmy cstt�blish timc schcdulcs f�r farcclosurc iicttons. Subjcct to thcsc
<br /> limitntivns,ii' nny, l.ondcr may ucccicrutc th� Scrurcd Dcbt and ioredosc this Sccurity Instrument in n manncr
<br /> pravidcd hy I��w ii(ir;�ntor ir•in drPault.
<br /> At thc option cif[Ander,ziU ur nny pan��f the agr�:ed fces and charges,accrued interest and principal shall becomc
<br /> immediatcly due and p.iyiihlc,i�ftcr giving notice if reyuired by luw, upun the occurrencc of a default ar anytime
<br /> thenaftcr.In adclitiun,l.endcr shull fw rntiticd w all thc remcdies pruvided by luw,the terms uf the Secured Dcbt,
<br /> this Security lnstrumen�and uny rclatcd documents,including withuut limitatton,thc power to sell the Praperty.
<br /> If thcrc is a default.Trustce shull,in additiun to any uther permttted remedy,at the request of the l.ender.advertise
<br /> and xll thc Propeny as u wholc ur in separtUe parccls at public t►uction to the highest bidder for cash and convey
<br /> absolutc tidc frce and claar of i►II right,title and intcrest of Grantw at such timc und placc As Trustec designates.
<br /> Trustcc shall givc nuticc uf sulc lnrluding thc timc,tcrms and plucc of salc and u dcscription of thc property to bc sold
<br /> as rcquired by the applicable law in etfect at thc time af the proposed sale.
<br /> U�wn sale of thc praperty and to thc cxtent not prohibitcd hy law,Trustee shall make�nd deliver u dced to t hc Prope:rty
<br /> sold which conveys nbudute title to the purchnsi:r,and ufter first paying all fees,eharscs and custs,shall pay to l.ender ull
<br /> moneys udvanced far repairs,tw�es.insurancc,liens,asscssments and prior cncumbrances and intcrest thcrean,and thQ
<br /> principal end intcrest on the Secured Debt,paying the surplus,i[any,to Grantur.Lendcr mny purchase the Praperiy.
<br /> The rccitels in Any deed of canveyancr.shall be prima facie evidence of the facts set forth thercin.
<br /> All remedies arc distlnct,cumulativc and not exclusivc,and thc Lender is entiticd to all reenedies provided a1 luw or
<br /> equity,whethcr or not cxpressly set forth.Thc acceptancc;by Lender of any sum in payment or partial payrncnt on thc
<br /> Secured Aebt after the balance is duc ar is accelerated or after foreclosure proceedings are 61ed shall�ot constitute�
<br /> waiver of I.endcr's right to requirc complctc curc eif any existing dcfault.By not excrcising any remeciyon G�rnntar's
<br /> defuult.Lender docs not waive Lender's right to later consider the cvent a default if it continues or happens again.
<br /> 16. EXPENSES; ADVANCES ON COVENANTS; ATTORNEYS' FEES; COLLE�1'ION COSTS.Except whcn
<br /> prohibited by law.Grantor agrees to pay all of Lender's expenses if Grantor brcaches any covenant in this Security
<br /> Instrument.Grantor will also pay on demand any amount incurred by Lender for insuring,inspecting,preserving ar
<br /> othecwisc protecting thc Property and L.cnder's security interest.These expenscs will bear interest from the date of
<br /> the paymant until paid in full �t thc highcst interest ratc in effect as provided in thc terms of the Sccured Debt.
<br /> _ Gramor agrces to pay all co�tc and ex�encec incurred hy T rnde�T 1�1 C(IIIe�C�I(}o.f�1��ATCIIIo 4f�IQt�£t�ng L^r_d�r'�rigttts
<br /> and remedics under this Security Instrument.This amount may include,but is not Umited to,attomcys' fces,court
<br /> cosGs,and othcr legal expenses.This Security Instrument shall remain in effect until released.Grantor a�rees to pay
<br /> for any recordation wsts of such release.
<br /> 17. ENVIRONMENTAI.LAWS AND NAZARDOUS SUBSTANCES.As used in this s:chon,(1)Environrnental Law
<br /> means.without limitation.the Comprehensive Environmental Response,Compensation and Liability Act(CERCLA.
<br /> 42 U.S.C.9601 et scq.),and all other federal, state and local 11ws, regulations,ordinances,court orders,attorney
<br /> . genera!opiaions or Interpretive Ietters concerning the public health,safety, welfare.environment or a hezardous
<br /> snhstance;anci(2) Ha�erdoos Substance mesns any toxic,radioactive or hazardous material. waste,pallutant or
<br /> ; contamit►ant whicb has charactcristics which render the substance dangerous or potentially dangerous to the public
<br /> � healW. safety,welfare or environment.The term includes,withaut limitation,any substances defined as "dazardous
<br /> material;'"toxic substances""hazardaus ws►stc"or••hazardous substance"under any Environmental I.aw.
<br /> Grantor rapresents,warrants and agrees that:
<br /> A. Except as previously disclosed and acknowledged in writing to I.ender,no HazardQUS Substance is or will be
<br /> , located,stored or released on Ar in thc Property.This restriction does not Apply to small quantities of
<br /> Y-iazardous Substances that are generally recognizcd to be appropriute for the normal use and msintc��anc�of
<br /> the Property.
<br /> B. Except as previously disclosecl and acknowledged in writing to Lender,Grantor and every tenant have been,are,
<br /> and shall remain in full compliance with any applicable Environmental Law.
<br /> C. Grantor shall immediately notify Lender if a rclease or threatened release af a Hazardous Subsiance occurs on,
<br /> under or about the Property or there is�violation of a�y Environmental Law concernipg the Pmperty.In such
<br /> • an event,Grantor shall take all necessery rcmcdial action in accordance with any Environmental Law.
<br /> . D. Grantor shall immediately notify L.cnder in writing as aoon as Grantor has reason to believe thcre is any
<br /> pcnding or thrcatened investigation,claim,or procceding rclating to the rclease or threat�ned relcase of any
<br /> Hazardous Substancc or thc violation of any Environmental Law.
<br /> � 18. CONDEMNAI'[ON.Grantor wiU give Lender prompt notice oF Any pending or threatened action,by private or
<br /> public entities to purchasc or takc any or all of thc Property through condemnation,cmi�ent domain,or any other
<br /> means. Grantor authorizes Lender to intcrvcne in Grantor's name in any of the above described actions or claims.
<br /> Grantor assigns to Lendcr the procecds of any award or claim for damages connected with a condemnation or other
<br /> taking of all or any part of the Property.Such proceeds shall be considered payments and will be appGed as provided in
<br /> this Security Instrument.This assignmcnt of procceds is subjcct to the terms of any prior mortgage,de�d of trust,
<br /> sccurity agrcement or othcr lien document. -
<br /> 19. INSURANCE.Grantor shalt kecp Property insured against loss by firc, flood,theft and other hazards and risks
<br /> reasonably associated with the Property due to its type and location.This�nsurance sh�ll be maintained in the amounts �
<br /> and for the periods that L.endcr rcyuires.The insurancc carrier providing the insuruncc shall bc chosen by Grantor
<br /> subject to Lender's upproval,which shaU not bc unreasonably withhcld. If Grantor fails to maintain the covcrage �
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<br /> to thc tcrms of this 5ccurity Instrument. -
<br /> All insurance pulicies and renewals shall be acceptable to I.endcr and shall include a standard"mortgage cl:�use"and, �
<br /> whcrc applicub(c,•'lotis paycc clausc."C.rantor shall immediatcly notify i,endcr of c�nccllation or tcrmination of thc E
<br /> insurance.Lender shall have thc right to hold the pc�licies and nncwals,tf L�:nder rcyuires,Grantor shall immc�iiatcly �
<br /> givc to I.ender all rcceipts of paid prcmiums and renc�val notices.Upon loss,Grantor shall givc immediatc nutice to i
<br /> the insurancc c.irricr and Lcnder.Lcndcr may make proof of loss if not made immcdiately by Grantor. �
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