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<br /> . . � . 98- 109805
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<br /> �.; the Proper�y in violation of any 1aw, ordinarice, or regulationf
<br /> and shall pay and promptly diacharge at Borrower's cost and
<br /> r expenae all liena, encumbrances and charges levied, imposed or
<br /> �• asaeased againat the Property or any part thsreof. `
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<br /> , 6. Eminent Domaia. Lender is hereby assigned all "'
<br /> � compensatien, awards, damaqes and other payments or relief
<br /> �':�.
<br /> ;,;:i�3 (hereiaafter "Proceeds") in connection with condemnation or other �;�:
<br /> .�•,��'�r taking of the Property or part khereof, or for conveyance in lieu �J�--:
<br /> •� � of con8emnation. Lender sha7.1 be entitled, at its option, to �;
<br />- co�anence, appear in and prosecute in its own name any action or °
<br /> proceedinqs, and shall also be entitled to make any compromise or
<br /> settlement in connection with such taking or damage. In the =-
<br /> � event any portion of the Property is so taken or damaged, Lencler e.:
<br /> shall have the option, in ite sole and absolute discretion, to ;s
<br /> , � apply all suc2i Proceeds, after deducting therefrom all costs and -
<br /> expenses incurred by it i.n connoction with such Proceeds, upon �_
<br /> �s any iadebtedness secured hereby and in such order as Lender may , �..=.
<br /> determine, or to apply all such Proceeds, after such deductions, j�<";
<br /> � to the restoration of the Proper�y upon such conditions as Lender °�-::
<br /> � may determine. Any application of Proceeds to indebtedness shall r'��
<br /> � not extend or postpone the due date of any payments under the —
<br /> � � Note, or cure any default thereunder or hereunder.
<br /> •�� 7. Performance b Lender. In the event of Borrower's
<br /> ; failure to per, orm any of the covenants herefn or make any pay- .�
<br />- �;• ments required hereby, or if any act is taken ox legal proceeding
<br />-` " commenced which materiallv affects Lendez's interest in the
<br />- • �roperty, i�ender may in its own discreti.on, but without obliga- � -
<br /> z5:;,=�.�. `� tion to do so� and without notice to or demand upon Borrower, and
<br />-'�-""k��� ��- without releasing Horrower from any obligation, do any act which
<br />"��;_�,.�..._ the Borrower has agreed but fails to do and may also do any other
<br /> � :,,.>. _
<br /> _ --��`� act it deems necessary to protect the sscurity hereof. Borrower
<br /> �""`'�`' shall., iimnediatiely upon demand icherefor by Lender, �ay to Lende�c �
<br />?�p=;Uc:a.;��.
<br />-�` ��� all costs and expenses incurred and sunts expended by zemder ia
<br /> ;�,..�::;: .
<br />:�.��;n;�jr�� connection with the exeraise by Lender af the'foregoinq riqhts,
<br />-�?�-���?!F.,Q together with intesest thereon at the default rate provided in - � �
<br /> ,�;r��,:;,�;{h`,, the Note, which shall be added to the�btedness secured ' .
<br /> -°__._,. hereby. Lender shall not incur any liabil3ty because of anything
<br /> ----- it may do or omit to do hereunder.
<br /> .�.,�r.�:
<br /> ��Y'i''�"� 8. Sazardous Materials. Borrower shall keep the
<br />��°'�` Property in compliance with any and all federal, state and local
<br /> �a�`�'.� laws, ordinaaces and requlatfons �rel�atinq to industrial hygiene
<br />��_`��'.`��;� � or to environmer:tal conditio�s oa�,. under or about the Prop�rty, __
<br /> """`�_=,�,,�� includinq, but not limitec3 to, sa�.�l and grouridwater condit3ans.
<br />�.°�� Trustor shall not use, qenerate, manufac�ture, store or dispose of—
<br /> z_:�:�_---a�
<br /> __,�:�.rt.,',`F on, under or about the Property .or transport to or from the
<br /> Property any flammable explosivesb radioactive materials, hazardaus
<br /> j;,�,�, wastes, toxia substances or related •materials, including, without
<br />-_=_=�`�� limitation„� aaiy substances 8efined as or iricluded in tlle defini-
<br /> ��-��:� tion of "hazaxdous substanCes", "hazardous wastes", "hazardous
<br />;�s€���e!_"'. �i n n '
<br /> -..-,;:-•,:-,--. . �aterials or toxic subs+:ance� under any applicable laws,
<br />��'.`.:.���� . � ardinances or regulations (aallec�.ively referred to hereina£�er -
<br /> . as "Hazardous Materials") . Horxo�ver hereby warrants and r�p're- -
<br />_ • � seats to Lender that there are no Hazardous Materials on or under
<br /> `�� the Property. Horrowez hereby agrees to indemnify and hold �—
<br /> ="° . `' F � h�less Lender, its directoxs, officers, employees and agents, _.
<br />`` - �.�� and any successors to Lender's interest, from and against any and __
<br />=_ ��': aIl claims, damages and liabilities ariaing in connection with ��-
<br />- `i the presence, use, storage, disposal or transport of any Hazardous �'�;�_
<br />-� _�N�"_�� Materials on, nnder, from or about the Property, including, with- �=;�-
<br /> = -• --:. :� out limitation, ta) all damaqes directly or indirectly arisinq . F-
<br /> - � out of the use, generation, storage or disgosa�. of 8azardous e�-°
<br /> _� - j Materials by Borrower or any prior owner or operator of the --
<br /> �• , Property, and (b) a11 costs of any required or necessary repair,
<br /> s cleanup or detoxification and the preparation of any closure or
<br /> � j other required plans, whether such action is requized or neces-
<br /> - ,. j sary prior to or following transfer of title to the Property, to '_
<br /> the ful]l extent that such aCtian is attr3butable, directly or
<br /> � indirectly, to the presence or use, generation, storage, release, '�_
<br /> "' " � threatened re lease or disposal of Hazardaus Materials by any =
<br /> - --- ,,,�-�---� p�rson on the Froper�y p�idr i.o transfef oi ti�le �cnereto by
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