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<br /> ' FYnauclal Reposts and Adetttionat DocumeaaEa.Trustor wiU provide to Beneff.ciary upon nqueat, anny Mt►naial statemcnt
<br /> or informatlon HeneRciary maY deam reasonably necessary. Tivatoregrees to siIIn. deliver, end flla any udditional
<br /> documents or certlflcatioas thet B�snsSctazy mny consider n to pertect.cont3nue.and preserve Tcvstor's obligutlons
<br /> undsr chIs Security Insaumienc and E�enaf�clary's lien stan�a on�th�perty.
<br /> 6. WARRANTY OF TTTI.E.Tivstor v�furants that Trustor is or wiil be lawfuUy seized of the estatc conve ed by ttsis
<br /> Su��dry Instnunent sad has the right to irnwocably graut,wnvey,and sell the Property to Trustae, in uvst, w�th power of
<br /> �\t saie.Tcuator sdso warraats chat tho Property is unencumbere�.eacept for encumbrances of record. •
<br /> -�� 7. DUE OPi SALE.BeneBcIazy may.at its optIon,declare thc eatl�g balance af the Secured Aebt w be immediauly dne Qnd �`�'.
<br /> ,�:,:iu+++«��r payable upoa the creation of,or conuact for the ct+eadon of,attiy haa, tranafer or sale of tlLe Pt+operty.This��ht is subfect
<br /> . ��' to the cesulctIons Lnposed by federal law(12 C.P.R. S91).as applfcable. This covenant sI�a1J.run wIth the Froperty aad
<br /> shall remain ia effect until.t2ue Secured Debt is paid in fi�l and this 5esvrity InsUCUment is released.
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<br /> ' . . 8. DEFAUL�'.Tcuswr will ire in default if any af thc followin�occur: :-�;._-
<br /> � � Fraud.Tn�stor engages ia fraud ar material misreprESentatton!n conacxdon vri�.the SecuPed Debt. -
<br /> ' Psyments.AnY P�Y�li3ated oa ehe Secuc�ed Debt fails to make a paymeni vihea du�a.
<br /> Ptoperty.p�y act�ca uz E�action accurs cbai adveisely atfects the Pnuperty or��eficiary's r�ghts in the Froperty This
<br /> , • � inoludes.buc is aat l:�rit�7 w.tae faIlowing:(a)Tiusfor fails to maiatain r��r�d insurana on the perty;(b)Tiustor
<br /> trt�nsfars the Frogetty:(c)Tn�stor ammmits waste or othenvise dRSnuctivel�nses or faila ca�maantain theProperty such that
<br /> : � ine aWfur��Y 1n2ctlon adve�sely aPf2t�33eaeflciaiy's seauIty:(d}Trustor faiL3 to pay taaes ca the Proge yor oshe�wis: ._
<br /> fails w act aad thereb causes a lien eo be flled againat the Frugea3y tbat is senior to the lien of e�is Secunty[nstrutaenr(e) �__
<br /> �s` a sole Trustor dies;(t�i�more thaza ar,�Tr�auar,aay Trustor diQS and Beneficiary's security is adveisely affectod;(gj the _
<br /> - ,V Progerty ia taken tvrr� emlaent�omain:�h)e j4d,�ent is filed again�st Trustor and subjects Tcustor aud�he Property w �,ry�
<br />;:.:.'.�,,,,,. .. aaion tbet adversely;�Beue�'uisry's lnterast; or(i) a prfar lieaholder fforecloses an the Progerty and as a resWt, �.-_
<br /> ,:.,;;:�. Beneflciaiyr's inttre.gt is advasely aff��cted.
<br /> . ,• ' Exeeutive Office�s. Tinstmr is am executive ofQcer of Beneficiary or an afifiliate an� 'I'cvstor becomes iadebud W �_
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<br /> .� . . Beneficiary or anoebBr b�e6c�ary in an aggregau amouat g�+eater tLan tAe amaunt permitied uader federal lacvs and =--
<br /> ��'�G .. x ngnlations. ---
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<br /> 9. REIV�DIE3 ON D�AVE.T. Ia additton to any other rcmedy available unfler the ternu of this Security Insttument, -
<br /> Banefi�r may accelesate ihe Ser�ed Debt and foreclose this Secvdty Instrumeat in a marmer provided by law if Trustar ---
<br /> ia in default.In some instauas.8oderal and stau law wIU requit+e�eaeficiary to provide Tiustor wlth Qotice of the right to
<br /> .. _,_, cur�e,or�ther notices and may establish time schedules for foieclvsur¢actions.
<br />-� � . At the option of the BeaeSciacy.ali orauy part of the agreed fces aad charges,axzned interest and principal�shaU became `
<br /> . ,� . �Y � �. P�!'��. � Siving notios If �equired by la�r. upvn the occurreuce of a defs�lt or anytime
<br /> ��;��.�. � ' �, If there is a default. 1lmstee shall.'at the request of tt�e Bzaeficiazy. advert3se and seu thep�p�rty as a whole or in
<br /> �' - �,� sepatate parcels at pub c aucttaa W the hi�bidder fot cash aud coavey absolute fltle free aad cleaz of all ri t,atle - -
<br />-+'��� � -.' �`� and interest of 1Yustor�t such time and p1"ue as Trustee designata. Tivstee ahall give aotlx of sale including�time
<br />_{'`-� � � • ���pld�e f s a te a n d a d e s c r i p i ion o f t he pro p e�t y w b e so l d as r e q u i r a l by the a p plicable law in effax at the time o$ �
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<br />:�-••-- •.= U st�le of the property►and to the extent not prohibited by Iaw Tivstee shall make and deIIver a deed to the Pmperty
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<br />=. -; JS sold wTnioh wnveys absoluie tide to the pu�iaser. and aRer �cst paying all fces. charBes and costs. shallpay W -
<br /> 3,;=.,,��_i�-��- BeaeRdt�y all moaeys advaaced for repairs. taxes. ins�ra�x. liens. assessments acd prlor encumbrances ead iauc�t
<br /> x��_�"_:" . '� theceon, aad the at and lnterast on the Sea�rod Debi. a} g the lus. tf aay.to Tcustor. BeneBciary may
<br />-�_",;'.��: : pumhase the Prope�a recitaLa in any dad of oumreyance shall be prima fa�c e evidence of the facts set foM therela.
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<br /> y-�.^:-..:_� • 'it��aooeptana by Beneficiary of any sum ia paymeat or partialpayment on the Securod Debt aRer the balaaa is due or is �__
<br /> aocelerated or after fomlosure ptoceodinEs are�led shall not constttuu a waiver of Benefis[acy's right to require oomplete
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<br />������.. .:�.,, ., curo of aay e default.By not a�►y remedy on Tn�stor's default.B�eficiary das not waive Beaefictacy's
<br /> .:µ ._.. .,• ��f�� right to later oo�r the event a default if it pens again.
<br /> _--� r ..� 10. EXPENSES;ADV�TCIS ON COVENANTS; ATPORt�CYS'PEES; COLLF.CTION COS'15. If Truswr breach�s -
<br /> . airyr coveaant in tl�s So�uiity Iaspniment� Tmstor ag�+as to pay all axpenses BeneSciary iacurs inperformIng snch
<br /> _:.>:. . �. °,_ oov�or proieciing tts s��inter�t ia tha Ptoput�;.Sac3�r�ses uu2euJt.but�s�s li�ted to.3'esee hnc�srrd for �-
<br />��� inspxting. �.or o pro the Ptoperty arcd$enefleiaiY'a sceudty inte�+est.l7�ese�acpease.c ane�y�!e
<br /> on demaaQ and�wUll�ear intet+est fmm the�ate of payment t�til paid ia fiill at We bigbteat rate of interest ia e$ect ag
<br />�:�'.'j�,-7,::._" pr�vldod in th� tecros of the Secural Debt. Tcustor agrees 4a ;�ay aU costs and eapenses lacurmd b�y�Beneficiary in
<br />�?;-;«n.; oou�, eafo�or protoc�g Bene�cia�y's fights a�te�tes uader this S�u�ty Ins�u�. Thi�amount may
<br /> . ;,. include.but is aoi l�mited w,suumrys fces,oonzt cests,and otha le$al To the exunt pern�i7[e��y the Umt►�
<br />_ States B�l�try Code,Tsustor a�a co pay the t�easonable attorn�ys fees���iucurs w colltet the Secuted Debt
<br />__ . ' , as awarded�y any court eacercisiao jurIsdiaion uader the�ac�u�Code.'11�is Secunty InstNment shall remaia ia effect
<br />_ %;� u�l relea�T�n�or agcees to pay tor any�rdation oosts of su release.
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<br /> � '�'.:`�;� 11. ENVIElONMENTAL LAWS AN➢D HAZAR�m�l3 SIJBSTANCES. As nsed in Uus s�ioa, (1) Envircnmenral Law
<br />�. �,,� means,wIthout limisa�3on the Comprehensive�nviconmental Response.Co�tion and Liability Aa{CERCLA.42 --�"
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<br />�`�;�:�;� t U.S.C. 9601 et seq.j,anc� aU other federal, state and local laws.�ons.ordinances,eourt ordeis.atto �
<br /> .. rde s mey g�al �i__.
<br /> �:: :z•i +� opinlon�s or interp�ve lettecs conoemtng the Qub9ie heald►.safe�y.w .�viroa�xnt or a hapar�dons substanae:aad(2)
<br /> i�;;�� ,,.i,� Hazasd�oriss Substance means any wxic. radioactive or harardoua mazerlal. waste, po Itutant or coataminaat whfr�has ':�,,
<br />�;;� ' .;i'.::,.,,: cbarac�es�stics which reader the substaace dangerous or poten�ialiy dangeroas to ti�e pablic health. safetY. weSf�ue or ; ._
<br /> =F �viro�at.The term iaclndes.witicout limitarion,any sub�as deR�ed as'ha�dous material�• •mxic su�5ta�oes,•
<br /> , .. •hazardons wa�te'or"hazardovs substaaa'uader atry Favimnmeatal Iaw. �'��..
<br /> =;�..�' Truswr represeats.ararraats and agcoes that:
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<br /> . . ...__-___ A.IIARp�m�A6�1VY01� 4t�Ytv�w►War araatvwswt6w�u w�swaa�v warwnoj� .av•s�r.w... - .
<br /> - located,stored or reTiea�ad on or in the Prnpeciy.'Ihis restricttoa does not ap ly to small quantities of Hazardous
<br /> Substanoes tl�aat an g�etally reoo�nized to beappmpriate for the normal use�mainunance of the Pcoperty.
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<br /> B.Bx Y as previously d��isclosal aaa ackaowlodge�in wri�ro Benefidary.Tnutor and every tenant have bcen.are.
<br /> and�remain ia full complianoe wtth anyapp]Icable�v�mnmeata!Law. �
<br /> C.Tcustor sh:ill immediately notify B�e&ciary If a release or t�atened e+elease of a Ha�OUS Substana oxurs on, .-
<br /> - under or about the PmpertY or then is a violation of aay F�vimnmentai Law oonceming the Prope�ty.Ia such an •
<br />= event.ltustor shall taYe alTaeoessary remodial action in acoordaux wlth any Envlronmental Law.
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<br /> - o�es�en,ir.sra*ns.ut..st eea,a MN smn oev�aeor�n e�erdn
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