|
..� .. . il;�. -r!j�. ....:.:� I I r, d``.'�. ..�..'_-�����.
<br /> , "l. - . ,� - �' ' 1' S.�'4���+K��k�7�Y7�lii�.•..�,..,
<br /> .+.: ... . .. .� . . .. n .. . . ., ..� ,. .... �..�t��4.�:_�:i�.,,,��--
<br /> �� .. . _ ��.. ��<+ .`)� '.di:tJt,�.i r. ,Il'uh�... ,t �e5�..,.u._..,:__:
<br />..>•rM.l _ i I ..�.�61�h���.,' .��� _
<br /> 9?- 1a�9s
<br /> rxccut�d fur Uic purpogc i�f creeting,s�:curing ar gut�runtying thc Sccund Debt.A�ood faith bclief by I.endcr thut
<br /> I.endcr�►t imy time iy fnsccurc with respect to uny�xn�n or entity ohligiited cm thc Securcd Debt or that thc praspcct
<br /> „1'„ny p;rynnnt��r lhc vuluc ui thc Yroperry is imp�ircd shull also constitutc nn evcnt of defuult.
<br /> IS. RF:M1:1)IF:Y�1N 1)M:FAULT. In somc in�tunccs, fcdcrul and statc Inw will nquirc i.i:ndcr to providc Grantor with
<br /> nuticc of�hc right t��curc ur othcr nuticeti und miry�ytablish timc tichcdulcs for torcclosurc uctians.Subjcct to thcsc
<br /> Iim�tutfuns,if uny, l.cndcr muy uccclara�►c lhc Sccurcd Deht nnd (nreclosc this Securiry Instrumcnt in u manncr �
<br /> pravi�lcd hy Inw ff(lruntor is in dcl'i�ult. ,_
<br /> At Ihc �►ptii�n af IAndcr,i�U or nny pa+rt of thc ngreed fees und chargc�.accrued interest and princlpal shall become
<br /> intntediulcly duc und piryuhlc, nfter giving notice if required by law, upon the occurrence of a dcfault or anytime
<br /> thcrcuftur. In udditi�m,Ixndcr shall bc cntitled to all thc nmcdies providcd by law,the terms of thc Secured DeLt,
<br /> thl�ticcurity Instrumcnt nnd►my rulutcd dcxumcnts,including without limitatiun,thc powcr to scll thc Propc:rty.
<br /> If thcrc i�a defuult,�'rustec shidl,in addition to any other permiued remedy,nt the request of the i.ender,advertise
<br /> und�cll Il�c Property i+s n whole ur in separate purccls at public auctian to the hi�hest bidder fur casl�and convey
<br /> nh,ulutc litl� frcc und cicur uf ell right, tidc und interest of Grantor at such time and place as Trustee designatcs.
<br /> '1'rustec sh�dl�ive nutice oi sale including thc time,terms und placc of salc and u description of the property to bc sold
<br /> ur•rcyuircd by lhc upplici�ble li�w in effect ut thc ttmc of the proposed sale.
<br /> 1 I�N►n�ulc o(tlic pro{x:rty nnd te�the cxtent noi prohibitcd by law.Trustec shall mnkc and deliver a dccd to the Property
<br /> ti�d,�whicli cu��v�y.r•nhsulutc titic to thc purchascr,and aftcr first paying all fccs,chargcs and casts,shall pay to Lendcr all
<br /> ��np��ys ndyaaccd for repairs,taxes.insarance,liens,x.ssessments and prior encumbrances and interest thereon,and the
<br /> ��rincipnl uud intcrest on the Secured Debt,puying the surplus,if any,to Grantor.Lender may purchase the Property.
<br /> '1'hr rccit�d.r•In Nny dccd ut cnnveyunce shall b�pdmn facic evidence of the facts set forth therein.
<br /> All rcmcdlcK circ distinct,cumul�+tive.ind not cxclusivc,and thc L.cnder is cntitled to all rcmcdies provided at law or
<br /> �yuily,whcthcr ur not expressly u:t forth.The accepl�nce by I..�:ndcr a[any sum in paymcnt or partisl payment on the
<br /> ticcurcd Ucht nftcr tlie hnlnncc is duc or is acccleruted or after foreclasure proc�edings are filed shall not constitute a
<br /> welvcr uf l.cndcr'4 right tu reyuire compictc cure uf any cxisting default.By not cxercisins any rcmedy an Grantor's
<br /> dcfnult,l xnQcr d�KS nut wuivc I.endcr's right to later cunsidcr the event a default if it continues or happens again.
<br /> Id. M:XPl�:N�}k11i AO)VANCES ON CQVENANTS;ATTORNEYS' FEES; COLLECTION COSTS.Except when
<br /> ��rohfhltcJ hy luw,tirantor ugrec�to pay n��of Lendcr's ex{x;nses if Grantor brcachcs �cov�ant in rsservin or
<br /> histrumrnt,(irnmur will�dso puy nn demand any amount incuncd by Lcndcr for insurin ,ins cting,p 8
<br /> u�hcrwts�prutecting thc P�o�xrty imd Lc:nder's secudty interest.These cxpenscs will bear interest from the date of
<br /> Ihc pnyment uncii pnid iu tuii ai ih� highc�t isstcr�st rA!� in effect as provided in the tertns of the Secuced Debt.
<br /> Uruntur cigrecs t�i p�iy nll costy imd ex�xnses incurred by l.ender in coll�cting,enforc�ng or protecting i.ender's righ�i
<br /> ;md remcJlcs undcr this Security Instrument.This amount may include.but is not limited ta, attorneys' fees,court
<br /> r,wls,imd�►thcr Icgnl cxpensey.This Secur[ty Instrument shaq remain in effect until released.Cirantor agrees to pay
<br /> for uny rea�rdxtion ccr�ls of such rcicusc.
<br /> 17. �:N VIRI)NM�NTAI.I.AWS AND HA7.ARDQUS SUBSTANCES.As used in this section,(1)Environmental Law
<br /> ntcunx,wfthuut Hmitation,thc Cc�mprchcnsivc Environmental Rcsponsc.Cc�mpensation and LiabiUty Act(CERCLA,
<br /> A2 l l.ti.(',Nfd�� ct r�'q•).end all other tedernl,state and lacal laws, regulations,ordinances,court orders,attorney
<br /> gcn�rc+l upiniom ar intcrpretivc lcttcrs concerning thc public health,safety.welfare,environment or a hazardous
<br /> suhr►an�e;�+nd (2) Hsizi�rdous Substance means any tox�c,radioactive or hazardous materlal,waste,pollutant or
<br /> cuntNminxnt which has churncterisUcs which rendcr the substance dangerous or potentially dangerous to the public
<br /> heHlth,eudety,wclfurc c�r cnvironmcnt.The term includes,without limitation,any substances de6ned as"hazardous
<br /> mut�rial;"'tuxic subxtunccw;'"hau.xrdous wastc"or"ha•r.ardous substance"under Any k.'nvlronmental i.aw.
<br /> (irbnt�►r�eprex�ntx,warrants and ugrees that:
<br /> A. lixcept u�previnusly disclased and acknowledged in writing to L.ender,ao �Iazardaus SuUstance ls or will be
<br /> I�x+it�J, storcJ ur rciceFCd un ur in the Property.This restrictlon does not apply to small quantities of
<br /> I Ix�urJuuv tiuhxtances thut arc gcncrally recognucd to be appropriate for the notmal use and maintenancc of
<br /> Itx Pr�qxrty.
<br /> 1;, I:xccpl u.r prcviuusly di�:lu�d xnd acknuwledged in writing to I.endcr.Gruntor and every tenane have been.are,
<br /> H�xl rhall rcmuin In tull cumplfuncc with any appltcablc Environmental Law.
<br /> t'. (irrntor.rhall Immedixtcly n��tify L�:ndcr if a releasc�or t hreatened relcase of a Ha�.ardous Substance occurs oa,
<br /> ►u��k r or ah��ut Ihe I'r��periy or there iw a vtola►ion of any Environmental Law conceming the Properry.In such
<br /> wn cvcnt,(irunt�►r nhnll tnke ull ncce�.u+ry remedial action in accordance with any Envtronmental Law.
<br /> 11. t ir�utlur Khull fmmcdint�ly nnti[y Lcndcr in wr[ting as soon as Grantor has rcason to believe thcre is any
<br /> �xnJfn►;or thrcNtcnrd inveatigntion,cluim,or procccdtng rclating to thc rc;lease or threatened release of any
<br /> I Ixn�rduu�tiuh!cUmcc or thc violatian uf xny Environmcnta)Law.
<br /> IM. 1'IINUF:MNA'1'IfIN.(in�nt�►r wfll give[.cnJ�r prompt notice of nny pending or threatencd action,by private or
<br /> puhlfc cnlldcy 1u punhi+x�ur IHkc:any c►r nll of thc property through condemnation,cminent domain,or any othcr
<br /> mcw►v, tlrNntur umhuriirs IAndrr tu ii�tervenc in Clrc+ntor's namc in any of thc abovc dcscribed actians or claims.
<br /> l ir��m�►r nr�ign.t��I�'nJcr��ie nr�x��dw uf uny owurd ur cluim for damnges cunnected with a condemnation or other
<br /> ���kink uf ul)ur;wy�uut��(Uic 1'ratx:rty.Su�h pnxccdy shnll bc considered p�ymcnts and will be applied as providcd in
<br /> Ihh ticcurUy InNnu►icn1.'I'hlw s�ssignmont c�t Nr�►cecds is subjcct to the terms uf any prior mortgage,deed of trust.
<br /> n��urily nK�ccmcnl nr i�thcr Ucn d�xument.
<br /> 1Y. IN!i11RAN/'k.tircmlur ylwll kccp Properly in�urcJ ugu(nst loss by [irc.flood.thcft and other ha•rards and risks
<br /> i►����unNhly�u++Kh�tcd wUh 1he I'ro�xrly Juc tu itw ty�x and locatinn.This�nsurance shall be maintained in the amounts
<br /> unJ fur d�� uc�i�Mk �h"I Ixndcr rcquires_'I'hc insurancc carLicr provLd�ng ih^ins�U[*ttfQ�t h���main:��n che co eraee
<br /> hU�ljl'C� �II 1�n�hr'v �i����r�►v+il,wh�cn �nnn noi nc unren,����n���y Rtt�na�.�u. .. ...»...�-- .� '- --- � — -
<br /> - �1�•w:tilw�d+dM�vc,Iw ndcr mi+y,+d I snJrr'ti upti�m,nhtuin covcri+gc ta protcct 1..�:ndcr's rights in thc Property according
<br /> in Ihc Icnm�d dilw��:urily In,Irumcnt.
<br /> All ln,�n�mce N►Il.irv iuul rcncw;d�!sh�dl Ix;ncc�ptnhlc w IAnJcr and shall inctudi n stundard"mortgagc dausc"and,
<br /> w��,,��.;q,�►1fc,���l��,^I�na �,ryce clj+u+r."�in�nlur sliull intmcdlatcly nutify i.i:nder of ccmccllation or termination of the
<br /> In��o�mer. 1 ru�ki tihull�u�vc Ihc rlµl�l tu huld thc�wlicics�md renownls.if I.xnder rcquires,Grantor shall immcdiatrly
<br /> µi�r���I����Arr idl i�•c��i�r�v�►f ►��i�l prrrnfunw und rencwid nuticcs.Upcm Icns.Clrantorshetl givc immcdiatc noticc to
<br /> Ih��Iltrllh�lle'�1:��111u� nn�l I co���r.l n�ndcr�nny�nukc pnHif of Icns it n�L muJc Immcdiutcly by Grantor.
<br /> I� �����.yssa�l
<br /> 0�W�Nr.�r�!.,�.+•e F. 4+���.f MN I�M�f 7Y7:HII lirm IN"0►N(:�YN �..—
<br /> .1� —
<br /> ��. . .. _ .._.. _.. . . . .. __ . . .
<br />
|