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<br /> ' ',. .� .� 14.B�FAUE.T.Tzus�oL�r�ll�e4ti def�}tI�'if et�►,��rty biigatad on t�e Secured Qebt faUa to make paYment when due.Tcustor .. �� � y, ,
<br /> . will be in default+if a.breach aeetus t�d�t�e�of this S�uitY I�sutuneat or say other docuaaeat ex�ted for the
<br /> • Purpose of aea . stxus�ng�or gnar��g.Qie ewued Debt. A good faith 6eLef by BeneftcfaiY that�aef�ciary at auY . `; . '
<br /> ' d�e is insec+��l"�PectT�any"person or eatiry,o�tigated on the Seaued Bebt or that the pmspect of aaY P�°i :
<br /> . .. � the vatue of the Pmperq•is im�ai�ed sflaU�so wasntute aa eveat of default. • �`_�. '
<br /> .� ' . , i�.RIEMED�ES OPi D�F:�t,7,T. tn some instanoes.federal and state}a�r will r�e Benefcciazy w Qmvtde Tiastor with , • �`• °,�< :
<br /> ' ' � n o t i ce a f t h e r i g h t t�.un or other noac�s aad may estabtish dme sdiedules r fareclosure aaions. Sub}ect to these
<br /> . limitadons, if aaY. Benriiciary may aaelerate the S�D e b i a n d fo r e c l ose t h i s S e r u r l ry I a s t�u�e n t m a �n n e r . . . .
<br /> � -._.�-.-r� provided by law if Truscor�s in defaulL . ; �.-:...,_�: �:`. ..
<br /> _� ��: ..
<br /> � � - �-: art of the��d fees and charges,axrued iraeres!aud pr�� '�af s�al1 h�� ��f.—>;.
<br /> .:� At the optioa of Ben.eficiary all or any p aotice i�re�uite� by law. upan the aautreace of a or any�� �•'.'.r;� .'_�c.� .
<br /> ' itnmediateli► dne and payable, aRer B�nnS th�oerms of the S�uzed bebt, . � .
<br /> �.:. �.. the�eafter.�n add�aon,Bn�e y�ac7►�d�����g��p�a��Y�wee to sell the Pc6pert3t. . . .
<br /> � this 5eauity Iasm�m�nt ,, " , h
<br /> , : • If tHere is a detautc. Tmstee shatl.iu addi�on ro any atherp�u tted remedY.at the r�t�st of the E�►.adve�ise ` , , �-:,�
<br /> . . aad seil the Pcap�tS+as a whole or ia sepasaie paccels at pu67Ic auctioa to the bighat 6Idder fos casb���� . . -:.
<br /> utle fre�:aud ctear of a11 right,a t Ie a n d m t e r e s t o f T n�s w r a t s�c L t i m e a n d p l a�a�Tmstee d e s i g n a t e s• ae i -�Y-%.::
<br /> re� ` :r�.N. ::
<br /> .. � • aotioe of sale includiag che cime,terms aad Place of sate and a descripdoa of the progacy w he sold as required bY t1� . -; :,. :=_ --
<br /> , applicable law in effea ac the time of We proposed sale. } " • , �_
<br /> " Tn�stee shall tnake and deliver a deed to We PropenY °� - -
<br /> • Upo n s a l e o f t h c pro pen S and to the exteffi not mhibited by law. � f� �� � �� � pa y to �`'�-
<br /> te p a u d a ft e c f i r s t p a Y i n g
<br /> � so Id which wmnys absolute tide to th= p u c�h a ser,��u�� ass�aad pr�or eaaunDrano�s and i n t e r e s t . '
<br /> � � • Benefi c i a ry all moaeys advaaced for repairs, taxes.
<br /> � theceoa. and the Principal aad inta�est on the Secured Debt, P �the su�1°9. i f a nY• w Tmstor. B�teSc�ai9 maY , ...`. � x_f.
<br /> - .� � purchase the Pc+oPertY•The recitats ia any deed of cumreyance�pTlma facte�vidmce of the f�ts sei forth tb�e#a. '
<br /> . . '. All r�es are distinct. cv�e Eua nat ex�cinsive.and the Beaefic�' yis entlded to all mmedies pm�vided at�� � _ -
<br /> esc Bwefi of aay sam m payment or partial Paymeat
<br /> ---.. . . equity�whether or aot expressly set fo�tD.'the�ce bJ► � �oeedin are fiied shal�not oon�a "•���
<br /> -- " ' Secured De6t after the balance is dQe a�is afloelera�d oT aRa fozec�s�re p gs s al _:�..
<br /> _ _--��t-,^; � e�raiv o f B e n e fi c i a ry's ri�h t t o r e q u i r e o c s m p l e�e c ar e of an y existin g defanl�By aot exet�ts�aS a�►Y�em�dY on T�uswt's .. .;`;���.,�
<br /> � �1 4 Beaefici a i y does not waive B�ciatY s nS�ta iai�consider the event a defanit i f it co n t i n u e s or h a P P���- ,,...
<br /> . � ,.•
<br /> . . --� -- 16.�SES; ADVAI�CES ON COVENADPPS: ATeORYVEYS' F�: COLY.EC130N COSI'S. ExcePt arhen .�; . '�'--
<br /> � " ' ��i����aw, T�ustor agr�s to pay all of Benefict�y's e�peoses if T:aswr br�any oov�ia tbis Sewtlty �� , �<
<br /> � � �Ti�tor�vitt also pay oa demand azry amuuat mcuned by�Beaeficiary for insaring.��poc�S• p�s��os .�:,r. ��'.: .
<br /> . �e�wise pmtecting thc Pmp�rty and Beaeficiary's seauitY Inteces�1liesee�p�ses w3i1 bear Iate�est from tbe date o the .. . �}
<br /> �' �-gment antil paid m fuIt ax the highest intecest rate in effea as pmvided in the tem3s of the Secuced Debt.Tmstor agees ��„�.
<br /> h te s
<br /> �� enfo� oz teain Beac&cim�►'s rigl�ts aad ;.,?�.�;4�.
<br /> . .i.�.:,:: � p�:ses iacurted bp Beneficiary in.collec6ng. $. Pro 8 , : .;,;,f ;_—__:
<br /> � - _�:-;., . : �pay all costs and ex mclude.but is not liEa��d to.attOmeys fees.comt oosts.aud
<br /> ' �edies under this Secunry instmmeat. 'Tiils amo�t may ,� —
<br /> • cc�er lenal expenses. This Seauity Insuumeut sbaU remain ia effecx wui! ret�3. Tmswr agre2s w }lay for an7i .�s,
<br /> et;a
<br /> -- . ' :;� r�cotdat�oa costs of such release. ��
<br /> - - r,�..s I7. �ONME1�iTAL LA�VS AND HA�ARDOU� �SSTANCFoS.As used�aad I�abi�lit�y Ac��� "�° �
<br /> = �s, arithavt lIcniteteoa.the Compreheasive Bn� Response.ComP .
<br /> — -- U.S.C. 960I ei seq),and all other fedesal.slate ancl iacaI laws.*eSutatians. o��.cat�t�sr+ddtts.at�ssu.°9 8� .�= ---
<br /> esa. sr�
<br /> 4 J�� opinions or ixtterprettve letters conceming the public health.safety.welfare.envuomnent or a haz�dous sabst�ee•&ud(2) � ���
<br /> _ ' : �- ;� Hazardous �stance means any to�dc. radioacdve or bazardous matezlal, waste. polIutant or oontaminamt ar�&l�as , ,�
<br /> ' c�a�aciedstis�.wtuch render ffie substaace dangerous ot gotentially dangerous to the pnblie healih. safety. welfare or ��—
<br /> . � envlro�ent.The tem� �c'.udes.without limitatton, any sabsiances defm�l as "h�udous m2teriel,° "Wxic substanceg.' �♦ .:-�;
<br /> _ � �''� �i��zardons waste" or"h:.�-,�,ous subslauce°nader aalr Eavironmeutal Law. �
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<br /> .�` _ "�"tostor represents.warratr,s•and a�eest�at: f�;�` --
<br />--�. , A.Except as previously disstose�aa�acknowled�in writing to Benefictary.nu Aa�rdous S�bstaace i�or wIU be _. ----
<br /> � ��s located,stored o- released oa eQ u�e.t�e Prope:ty. This test�ct�aa does nntspply W small quaatitIes of Hazat+dous ,`�
<br /> _ :�� Substances that arc generalty reco�w be for the no:mal ase aud mainienaaee oY ihe Ptop�rty. - �.-_
<br />_ ' '"; .� B.Ea t as previousty disclosed ant'k acffiowt ia wri u'n�to Beneficiary.Tiastor aad every twant bave be�n.aze, ` �----
<br /> - � � and�l remaiu in fuil compliaace with aay� iisable Eavironmental Law. ��:'
<br /> . '�r C.Tmstor shall�cdiately noti�r BeaeficIary�a rclease or thr�atened re2ease of a Hazerdaus Sabstaaoe oa�ns oa, �,-����-� °�
<br /> ` ,>� under or about ilie Property or there is a v�olation of an Environmental Law coa�c�g the PitopertY.In s�an �-_- '.-�
<br /> Y �-°-��a' .
<br /> � . ' event Trustor shaA take aU necessary temedial actian in aceard,auce with aay EnvuoameIItal Law. ; . � :.;...,k.;-.:�,.
<br /> . ° D.Tnumc�shall immcdiately notify BeneSciary in writing as sa!on as Trw^tor has reason w believe thete is aay p�d�n8 , " .• '. —
<br /> . . . ��� or t�eatened inyen'�,ation. claim, or procce�s relating tta the seleas�or threatenod:etease of any Ha7atdnus � -
<br /> ;�� � Substance or the v���;:.7�on of aay Environmental law. .�
<br /> . ��r��
<br /> _ � . :;�;,s t1� �CONDEA+INATION.Tr���ror will give Benef ciary prompt notice of any,peadi�or Wreatened ar,ttan.by pr•iv�ie or publie _ •
<br /> ����• entities to purchase or tatic any or all of We Property thraugh condemnanon,�ment damain,or aay oth��r�ns.Tiustor
<br />-- : . • - .;��, . . ..
<br /> ,,, authorizes Beneficiary to incervene in Tn�stor's name in any of the aboye descrlbed actions or claims.'Ihr�or assigns to
<br />-- Beueficiary the proceed���i any award or claim for damages comiected wit2�a cond�matton or ather tatda.3 of a11 or aay . •.
<br /> pan of the Propercy. Such pmceeds shaU be consideised payraents and wi�1 6e appll�as ptovlded[i��is Seauit9 . .
<br />- � � Instrument.11�is assign:nent of praceeds is subject to tLe terms of any prios�st�age.deed of tenst.seciuir�r ag�'eement or : . . • ,
<br />— . � ' other lien daca��nent. • �
<br /> ' � �. �Y 19. INSURANCE.Trustor sBall keep Property insured a�ainst iass by&�a. ' .t.o�,sheft and oth�ha�ards�d rjsks masanzUt� : . '.
<br /> -�: a nst
<br /> . � t, a�,wciated with the Praperty due to its type and Iocatian.'ibis insataace shall be aiaiataia�A ia the amounts aad for tL� • .
<br /> -i'� ' 4. pedocL4 that Beaeficiars a�quires. '�e insurance carriet provi�the insuraace shall be chosen by Ttastor subjoct W ,
<br /> � � � � "�� Beneficiary's approval. ��•hich shall not 6e �mreasonably arithhe2d• If Tzust�fails to ma9ataia the coveia�e desaibed : . .
<br />-:' _ .. , _,j a�ave.Beneficrar�yr may.ac Beaeffciary's oprion.obta1n wvesage to pmiecx Beneflcia�y's tights�n the Pmpecty s000rdin8 -:_---. ._-- .. --_-.
<br /> ,,,. . . ._ ::......... .: .
<br /> - � tothe tetms of th�s Secunn InsLmment. , ;
<br /> �:
<br /> -- . All instuantepolicies cu,d r�newals shall beac�table to Beneflciary and sLaU indude a staadat�d"mortgage clause'and, . . �'; •.
<br /> - . . where applicable. "loss p:ryre clause." Ttustor s6a11 immediinttely notify Benefi�oi cancellation or t�erm T�oonr� :. , ,�
<br /> � inturance. Beneiiciary ir.01 have the right to hold the golicies and renewals. f Beaeftciary reqt�3 �.
<br /> — � . immediately sive eo i���c�iciar}r all receipts of ald premiuffis and senes�al aotises. Upon loss. Trostor shall give _ _
<br />. . imm�iate notice to chr m�urance camer and Bene�dary.Beaefidary may maSte Pmof of lass if not made immediaaety by •
<br /> a,:.� � • ?mstor. � . -
<br />- . ' , fpage 3 of 41
<br /> ••� .. mt94e Ba+�e�sSVStcros.�rc S: ��.� edY 11�8a0.197•73311 FormilFbT�NE iTY23l9E .
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