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<br /> '• � � ' , 98-- �t�se.5
<br /> � ' executed ic,r the purpose nt crepting,secuddg or guarantying the Secured Dcbt. A goocl faith beliet by Lender thAt
<br /> l.ender at�ny tirtie i�in�ecure wilh reapect Ia�►ny person ur entity obli�,ated on tho Secured Dcht or that the prospect
<br /> of any psyme�t or the value ot the Prop�rty i�impaired shNll alsa tonstitutc nn event ot defsult.
<br /> 1S. REMEDIES ON DEFAULT.In�ins�anas.(�deral and stato law will require I.enckr to provlde Grantar with
<br /> notia ot the right to curc or other noticxs and may establish time schedules ior[ortclasure aclioos.Subject to these
<br /> limitalion:,if�ny. I,ender may sccelerate the Secured Debt aad (orcclUSe this Security Instrument in A menner
<br /> provided by law if Grantor is in dc[aul1.
<br /> At the apUon of I.�ender,all or any part of tho egreer! fees und chw�ges,accrued interest and principal sl�all bacoote —
<br /> immedi�tely due and payable,�tter giving notice if required hy I�w.upon the occurrencc af a de[ault or�n�timt
<br /> thereafter.In addition,I.,enckr shall be enti�led to all the remedics provided by law,the tcrnu ot'the Secured Debt,
<br /> this Securicy Inswment and any rala�xd documents,includi�without limitation,the power ta sell�hC Pmperty.
<br /> If there is a default,Trustee shall,in�uidition to any other�mnittcd remedy,at the request ot the Lender.advertise
<br /> and selt tLe Proper�y ag a whole oc in separate parcels at pubiic Auc�ion to�he highest bidder[or c�.sh and cnm�ap
<br /> absolutc title fi�ce aru!clear of alt right,titk anc� interest of G�antor At such time and pluce us'Cntstee designatos,
<br /> Trustee shall give notice�f sale including the timvs,terms�nd plaa ot sak and s description of the property to bc sold
<br /> as rcquired by the applicable law in c[tect at tha ti�e of the proposed salc.
<br /> Upon sale of the property and to tiie extent not prohibited by law,Trustee shall makr and doU�tir a cleed to the Praperty
<br /> sold which conveys absolute titic to tb�purchaser,and after tirst paying all fees,charges and a.sts,shali pwy to[xnder all
<br /> moneys advanad for repairs,4�etes,inaurance,liens,assessmetNs and prior encumbrancxs ami interest thereon,and the
<br /> prir�cip�l�nd interes!on thc Secu�ed Debt,paying the surplus,if eny,to Gr�ntor.Lender may purchase the Property.
<br /> 7?to res�Eals In�r_y s�.re�af conveyana shAll F+e Frima facie evidencc of the tercts set forth thetein. .
<br /> AU�dic;s are distinct,cumulative and not excrusive.and the Lender is entitled to all remedies provided at law or
<br /> equit�•.whethcr or not expressly set forth.The acceptana b�r Lender of any sum in payment or pa�tial payment on tbe
<br /> Serured Ihbt after the balance i�due or is accelerated or atter foreclosure proceedings ar�filed shall not constitute a
<br /> • waiver of L.ender's right to require axnplete cure of any existing deisult.By nat exercising any ramedy an Grantor's
<br /> deiault,Lxnder dces not waive Lender's right to later consider the event a dtfauft it it continues or bap}�ns again.
<br /> 16. F.X�ENSE� ADVANCES ON COVENAM'S;AITORNEYS' PLES;COLLEC'['ION COSTS.�xcept when
<br /> • prohibited by law,Grantor agcees to pay all of L.enckr's expenses if Gnntor breacha any oovenant in this Security
<br /> Instrument.Grantor will also pay pn demend any amount incurnd by Lender tor inauring.inspecling.preserving or
<br /> otherwiae psotecting the Property anci Lender's security intercst.These expenses will bear interest[rom the d�te of
<br /> the payment until �aid in tu11 at �he highest interest rate in e[fect as provided in the terms o[the Secured Debt.
<br /> Cinu�tor asnea to pa�r all c:osts apd expenscs incurrcd by Lender in oollecting,enforcing or protecting Lender's rights
<br /> ww tcii-icufc5 iii'�is2i iiva�'s'i::'.:��T.Si:.:SiCii:.�!SL S!l:aL'!:!S!!»�ln�l����l,�d�e nnf limite�t in;AlIdvMCYS' ftES.C011tt
<br /> ooeM,and other kgal axperoe�.;'i'his Security Instrument shall cemain in effect until rele�sed.Grantor agrees to p�y
<br /> tor aay recordaCvx�costa�f wcla,relea.se.
<br /> iT. F.NVIkONMF.PTi'AL I.AWS A'�!D HAZARDOUS S[JII.C'I`ANCES.As used in this sation,(1)Environmentai Law
<br /> meam,without limitadoa,the CoMprehensive EnvironrmnW Respon�e,Comperwtion wxi Liability Aa(CERCI.A,
<br /> 42 U.S.G 9601 et seq.),�nd aA other tederal,state s�d loc�l law�, r�aulations,ordinanvea,co�rt orders,�ttorney
<br /> generaJ opiniona or interprrtive letters conoerning the public health,aafety,Melt�re.e�vironment or a hwrdous
<br /> sub�t�c�re;and(Z) Hazardoua•Suhstance me�na any tox�c,ndio�ctive or haT.ardous matcrial.waste,poqutant or
<br /> oontrminant which haa chan�ceeristica which renckr the subetana danaeran or potentiaUy ci�n�erous to the pub�ic
<br /> health,satety,wetEue oc enviroai�ent.The term includa,wichout limit�tion,any wbstanoes def►aFd'�s"hazardous
<br /> material.""twcic sobatu�ces,«"hazaidous wa�te"or"hazerdous aubstanco"tu�der any Environmeatal I.ew.
<br /> Gnnto�repreaeats.warnnts u�d s�'ees thae: +.
<br /> A.� �P��P�'�Y���d and acicnowkdged in rrrit6�to Leoder,na Nazardous Sabel�na n or wnll Ne
<br /> located�stored or relaased oa or in the Property,_�'i'his restriction does not apply to small quantitie�of
<br /> ywr,dous Sub�tanoes that are gener�lly recogn�ized to be�ppropriate for the nornnsl we�nd mainten�noo ot
<br /> the Pc�operty.
<br /> ' B. Exoept�t previou�ly di�dosal xnd uknowkdgod ia writiog to L.end�r,Granta and every lenant have beea,u�e.
<br /> �nd atWl remain in fuU oompliance with any�ppliabk Environment�l L,aw. . �.
<br /> C. Grantor sb�ll immediately notify Lender if a rolease a threueneA�nek.�ae of a�ter�ardous�ubstanoe aocurs oa,
<br /> umkr or about the Prop�rty or thero is�violatioa of�ny EnvironmeaW La�r ccmcerains the Pi�operty.Ia s�sch
<br /> an event,Gruitor ahaU take all e�ury remedial action in�000rdsna with�n�Bnviron�nGnW i.aw.
<br /> D. Gr�ntor sb�li immedi�teiy notity Lender in writing ts aoon a�Gr�ntor hu reason ta�t�alieve there n any
<br /> pencting d threatened investiaation,cl�im,or proceeding rolatii�g to the rekau or threucaned nkau of any
<br /> , ..H�Subtainoe or ths violstion of�ny Environment�t Lsw. ,
<br /> ls. CdN�F.MNA'ItON.Grnntor will give Lender prompt notice of any pending or threatened actian,by priwito�or
<br /> public enGties to purchaee or Uke any or al!of the Prqxrty through conckmn�tion,eminent doauin,or any atl�er
<br /> ' means.Gnntor authorizes Lender to interveae in Grantor's name in my of the abc�ve described ection�a cLiam.
<br /> Grantor a�igm to Lender the proceeds of any awprd or claim for dam�es oonnected with a�o�8emnttion ar ot6er
<br /> Wriug d'aU or�ny part of the Propecty.Such prooacfs s1u11 be oonsidered p�ynknta snd�iU be applied as pravided'en
<br /> this Security Iratrument.This aaeignment of proceeds n subject to the terms of aay prior mortg�e,deed of Wst,
<br /> securiry agreement or other lien document.
<br /> 1!. INSURANCE.GYantor shall keep Property insured aaainst loss by fisc,tlood,theft and other hszards and risks
<br /> reasonably associated with the Property due to its type and tocation.'Il�is iraurance shall be maintained in the amounts
<br /> nnd for the periods that Lender rcqu►res.TEte insurance carrier providing the inswaace shall be cho�sen by Gra�Uar
<br /> su6juct to Lender'a ppproval,which shail uot be unrccasonably withheW. It Grantor fails to maintain the oaren�e
<br /> , deecribed�bove,Lcnder may.at Lender's option,obtain cav�rsge to protect Lender's rig�ts in the Properry�000rdina
<br /> to the tem�s o[this Jecuriry inamimeni.
<br /> All insursnca polieies and renew�Lt shall tx:a�xptnblc to[.ender and shall include�stand�rd"rr�ort�a6e clause"and,
<br /> where applicabk,°loss payee cLuae."�urantor sh�ll immediately notity Lender of canallation or termination of the
<br /> iruurance.Lender sh�ll have the right ta•hoid the policies and renewals.If 1.ender rcquircs,Grintor shaU imnxdiately
<br /> give to�enckr ell rcaipts of paid premiwns�nd nncw�l notioes,Upon 1oss,Grsntor sh�ll give immediate notia to
<br /> the insurence r,�nrier and Lende�.Lender may make proof of loas if not mack immediately by Grantor.
<br /> �.sa�J
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