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<br /> , . . e�� ' 98 .`� 141�9388
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<br /> ��y executcd far the purposc at creating.securing or guarantying the Securcd Debt.A good faith belicf by[..�;ndcr th:it
<br /> "�� L.cnder at any time is insecure with respect to any pc rson or cnt{ty obligutcd on the SecuPed Debt or that the pros�x:ct
<br /> � of any puyment or the valuc of the Property is impair�dshall ulso constitute an evcnt of detuult. --
<br /> �'� 13. REMEDIES ON OEFA�JLT.In some instunces,fedcral and state law will require 1.cnder to provIdc Grantar with -
<br /> notice of the right to cure or other notices and may establish time schedules for fareclosure actions.Su6ject tu these
<br /> limitations,!f any.Lender may acceleratc the Secured Debt and foreclose this Sccurity Instrumenc in u munner
<br /> _t;.;�. provided by law if Grantor is in default. -
<br /> -°�.� At the option of Lender.all or any part of the agreed fees and charges,accrued interest and principal shall ccome
<br />��__� immediatety due and payable.after giving notfce if requited by law. upon the occurrence of a default or anytime
<br /> thereafter.In addition,Lender shall bc entitled to al!the remedies provided by law.the terms of the Securcd Debt,
<br /> • �,� this Secutity Instrument and any related documents,imluding wlthout limltation,the power to scU the Pro}scrty.
<br /> If there is a defaul�Trustee shatl,in addit�on to any other permitted remedy,at qie request of the Lendcr,advc.rtisc -
<br /> - and seU the Property as a wkole or in separate parcels at public auction ta the highest bidder for cash and convey
<br /> -_„;�:'_.� absoiute Gtle&ee and ctear of all right,title and intcrest of Grantor at suc6 time and place as Trustce designates.
<br />=s•��:.`.__._ Tnutee sha11 gi�e norice of sale inclading the time.terms and place of sale and a descripuon of the property to be sold
<br /> !;9�,�" as requtired�y the applicable law in effect at the time of the proposed sale.
<br /> ^-',u -� a
<br /> '_==3� Upon sale af the pmperty attd to the extent not prahibited by law,Trustee shaU make and deGver a deed to the Property
<br />�:;i;��� sold which conveys absalute ttde w the pwchaser,and aher fust paying all fees,charges and oosts,shall Ray to Lender all
<br /> _-.-.�.��� moneys advanced for repaits,taxes,insurance,liens,�menis and prior encumhranccs and interesl�heteoa,and the `
<br /> _�_�,�m principal and interest on the Secured Debt,paying t�e surplus,if any.to Grantar. L.enc'�s may purchase the Pcuperty.
<br /> -'="°�`•� The recitals�in any deed af coaveyance shall be prima facie evidence of the facts set forth themin.
<br /> �%��� All remedies ara distInc�cumuladve and not excluFive,and the Lender is enUtled to aU mmedies provided ut law or
<br /> J���j equity.whetlter or,aot expressty set forth The acceptance by l[.ender of any sum in payment or partial payment on the
<br /> -_.-�� Secured Debt aftsr the•balance�s due or is aocelerated or after foreclosure praceed�ngs aze filed sdall not constitute a
<br />-- _ waiver of LendCr's d�;7at to require complete cure of any ex;sting default,�ly not exercising any remedy on Grantor's
<br />---�`�"�0 default,I,onde;ddes not waive L.ender's right to late r conslder the event a default if it continues or happens again.
<br /> ---� 16. EXP�N��S;ADVANCES ON COVENAN'1'S;ATI'OR1VlEYS'CEES;COLLECTION COSTS.Except whea
<br /> - prolubited Ny law,Grantor agrees to pay all of L,e�eder's e�enses if Grantor breaches any covenaaY in ttus Securiry
<br /> f Instrumeut.t3rantor;will also pay on demand any amount incurred by L.ender for insur�ng.inspedin�,preserving or
<br /> ---- otherwise proteMu►g tde Property and Lender's seCwity interest.These expenses will bear interest�om the date of
<br /> __4._,.,.�.,- tbe gayment t�til pAit��in fu!! at the hi�est init�te�xt rate i�e effect as provided in ihe tanns uf�i;ic �c;uad i3clsi. :
<br /> Grantor agrees ta��y+all costs and expenses incurced by Lender in cotlecting,enforcir►�ot.protecting Lender's rights
<br /> __;�;";`:�, and remr�dies under this Security�IaSttument.This zuaount,4Uay inc(ude,but�s aot limit��to.attomeys' fees,courc
<br /> --:�;y , oosts.and olher�eg�l expenses.This Security Instniment sh�1t'remain ia effect until rel�ased Grnnto�agrees to pay
<br /> - -- for any tCcprdadon costs of such release. '
<br /> ;1 EN�'I�prttMl�ldTA$.�.AWS AND HAZARDOUSSU�STANCES.As used in this seetion.(1)Environmentai i.�w
<br /> -_ -- ', means;wl(hout limitation,the Comprehensive Environc�aental Response.Compensation�nd Liability Act(CERCLA,
<br /> � 42 Lj.$,C.9b01 et seq.).and all other federal,state and loc�!laws,regulations,ordinances,court ordets,attome.�=',
<br /> =�:� � general opinions or interpretive letters concerniag the publ�c health,safety,welfare. eavironment or a hazard��s ,
<br /> -- " '' substaace;and(2)Hazardoas Substance means any tomc. radioactive or hazardous materIal,wasta,�oollutant or'
<br /> `�_�� � � contaminant which has characteristicx which render tde substance dangerous or potentiaUy dangerovs to the public
<br /> "'�` , health.safety,welfare or environmen�The term includes,without limitation,any substanoes defined as "hazardous
<br /> ,rt�+�'' • material,""touc substances,""ha�ardous waste"or"hazardous substance"under any Environmental Law.
<br /> :;�„� ; Grantai`represents,warrants aud�igrees tha�
<br /> _____ A. ':`Egoept as previously diss�bsed and acknowledged in writing to Lender.no Hazardos�s Substance is or will be
<br /> locate3,stos.�d.or released on or in the Property.This restriction does not apply to small quantities of
<br />:,;�o ., • Hazardous Substances that are geaerally recognized to be appropriate for the normal use and maintenance of
<br />-'- ;,.tt�e ProPertY•
<br /> � � ��.. . $: Except as previously disclosecl and acknowledgeA in wri6ng to Lender.Grantor and every tenant have been,are.
<br /> ,�:and shall remaia in full oompliance with any apphcable Environmental Law.
<br /> •• C. Grantor shall immediately norify Lender if a release or tlueatened release of a Hazardous Substanve oocu�s on.
<br /> . under or about the Property or ihere is:a violation of any Environmental Law coucerning ttte,!'�ruperty L►suc6
<br /> � an event,Grantor shaU take all neoessary remedial action in axortlance with any Enviroamemt�►it:aw.
<br /> —;�, D. Grazttor shall unmediately no;ify�I,:endgr in writing as sc�on as Grantor has seASaa to betteve there Is any
<br /> _-° peuding or threatened inxestig'ation:'�Isim.or proceeding relating to the releas�or thteatened release of any
<br /> - Hazardoua S�bstance or tlie violatioa df�any Environmental Law. � .
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