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<br /> -;`,Q. .��.;. .-� executed for the ptupose of c�eating,secauing or guarantying the Secured Debt.A good faith belief by L.cnder Wat
<br /> . - Lender at any t'une is insecure wit6 respect to any person or enttty obGgated an the Secured Oebt or that the prosp�et
<br /> - (,'' of aay payment or the value ot the Froperty�s�mpaired shall also wnstitute an event af defauit.
<br /> �.'";_ :
<br /> � : �� LS. It�11tEDI�ON DEFA3JLT.In some instanses.federa3 and state law will requize Lender to pmWide G�antar with ,. .
<br /> � . "':; ,�� notice of the right to cure or other aotIoes and may establish time sched�les for forcclosure arti�ns. Sabject to titese
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<br /> � -' <<.�� . limitations.if any.Lender may aoceterate the Secured Deht and[arecdose this 5ecurity lnstrument in a manner
<br /> ..��� provided bylaw if Grantor is in defautt �Y�•.'
<br /> ' � � y�--=-�'3 At the opiion of Lender,all or any part of the agreed fees and charges,accnced interest and principal sha{I become «
<br /> —_"'="`.""`:� iminediately dtte and payaWe,aftcr giviag notice if required 6y law,upon the occutrettce uf a defautt or anytime __
<br /> � `�` `� " thereafter.In addition,Lender shall be entitled to all ttee remedies pmvided by la�v,ihe terms of the Secured De6t,
<br /> __ : �.n_:- , �.
<br /> ' this Security Instrumem and any related dacuments.induding without limitation.the power to sell tke Property. �
<br /> - If there is a default,T:ustee shall.in addition to any other pemutted remedy.at the request of the Ixnder.adveAise . ,.�..y.,
<br />' - , and sell the Pr+ogerty as a whote or in separate parcels at pttb{is suctior to the tughest bidder tor c�sh and coQVey , ..,�_
<br /> . �,.�:', . _
<br /> .,,�.:: absolute tide free and cteat of all right,tiile and interest of Citantor at such time and place as Trustee designates.
<br /> ' Tiustee shaU give notice of sale inciuding the t�►e.tera�s and place of saie and a dessription of the property to be sotd
<br /> � • � ",�::' as required by the app7icable law in eHect at ttte time of 4he pr+aposed sale. _
<br /> : Upoa sale oi the property and to the extent not praW'bited by 1aw.Trustee shali make and deliver a deed to the Property -''�"
<br /> `/�;,,I� sotd whic6 wmreys absolute dtIe to the pnschaser.and after fast paying aU fees,charges aad costs.shaU pay to Lender all �;�`_'
<br />:. ._ • enoneys advaaced for repaus.taxes,insuranoe,liens.assecsments and prior eacumbranoes and interest tbeteon.and We
<br /> ��'� - principal and interest on the Sec�ued Debt,paying ihe suipius,if any.to Grantor.Lender may purchase the Praperty. �,=�:-?=
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<br /> : � .-. � The recitals in any deed of oonveyance shaD be prima faae evidenoe of the facu set fortv therein.
<br /> �'' � "[ .' All reme.dies ane disiind,cumulati�re and not exchtsive.and the Lender is enritted to all reatedies grorided at taw or ,
<br /> �. .``_:
<br /> �:;��f`:;;.'�-, ` �,-N equity,whether or not expressly set forth.'I�e aa�eptance by Lender of any sum ia payment or pfutia�paymeat on the
<br /> •,��{'..�� `� ",. -Sewred Debt after the baiance is due or is aocelerated or aftcr foreclosure praoeedings are fiLed sh�uot constitute a .. -
<br />"°•`;f•{• � �'�•�;,'. � waiver of Y.ender's dght to reqirire comp2ete cure of any effisting defautt By aoi exercising any rem�edy oa Grantor's
<br /> � ' : �'3��; defau[t,Lender does aot waive Leasier's ngNt to tater wnsider the event a defaWt if it continues or happeas again. . _
<br /> �� ��j;'- 16. EXP�'.tiSES;�YANCES O1V COVEPiAN'i"5;ATTOL�IEYS'FEES;COLL�C�ION COSTS.Except when
<br /> �( �.�'�� ��` '�- psalu'bited by law,Crantor agre�to pay all of Lender s expenses if Grantor breaches any covenaat in this Security •��-
<br /> .. . , r..:;Y:,;.� Instr�tem.Grantar w�l also pay on demand ang amount inc�rred by Lender foT msuan&�P�&Presesving or �_`f c'�
<br /> � • �i�•� ot�ezw�se protecting We Prapertyr and Leader's security interest.'I'hese expenses w�bear mterest from the date of � �,.._
<br /> �_,-� ��,�fii; the payment um�paid in full ai the highesi interest rate in effect as prov�ded in the temis of ttae Secured Debt. `—
<br /> �- �k Grantor agrees to pay all costs and expenses incurred by Lender in coltecting.enfo�ing or proierting Lender's rig�ts � r•.
<br /> aad reme�es mtd�r this 3ecx�rity Inst�umea�'IUis amount may include,but is not fimited to.attorneys fees.court ___
<br /> '����� � �`�� � custs,and other tegal expenses.This Securit}r Iasinunent shall remain in effect unU7 reteased.Gra�r agrees to pay
<br /> �r;�,y�;�,�;. •:.� . • � _ --
<br /> �;�y�Y'..��� .f�;;/�'', forany reeordationac�ts of such retease. __--
<br />. .. . ��•`;,�(�!�("j._ . .
<br />' �� .''."i Y�%'�1; Y7. IIi'��{Ei�NNIENTAL LAWS�lND HAZAF�IDO�J�S�I7�S�A1�IC�S.As used in t6is section,(1)E»vironmental Law _...
<br />- . . .. .. .:_r�`1`�;,; me.�.qvithout limitation.the Comprehensive Environin:'nfai Response,Corapensawm aud LaabAity Act(CERCL•A, c_—
<br /> 42 US.C.9601 et seq.),and ail other federal,state a�tvraf taws.regulations,or�ances.court ordeis,attorney _____
<br /> � -� genCrai up;niuiu or inter�srctivc Icitess coscesaing the gst?tic health,safety,weffare,eavironmeai or a hazardous
<br /> :.-_ ',,, ' substance;and(2)Hazardous Substaace means any toxie.radioactive or hazardous material,waste.polIutant or _--=
<br /> cantaminant wlricb has cha�acteristics which render the sa�stance dangerous or potentially dangerous to the public __
<br /> � • • health,safety,welfare or enviratuneni Tdie term inctudes.FilLout limitadon,any su�stanc�es defined as"ha7ardous �`�!::
<br />- 'f'��'�, ' cnatereal.""toxic substances,""hazardous waste"or"hazardous sulsstance"under any Enviranmental Iaw. — --�-
<br /> ':`}�� . . (3rantor repiesents,warrants and agm,es that: ��-
<br />- ' .. " A. Except as pteviousty disclosed and a�.",r�awledged in writing to L.zder,no Hazardous Sub��ace is or will be _._,
<br /> ' located,stur�d or released on or ia tlie Property.T6is restr.rxii�n does not apply to small quantities of =
<br /> � Ha�ardoas r.;�stances that are geaerally reoognized tn be appropriate for the n:oimal use aad mainteaauce of _ .
<br /> . :.'.' ` the PraPert�'- �::�.-
<br /> �;ii�,t':�,� g, ��t as pn�riousty disc��sed and acknawledged ia writing co Lender.Grantor and every tenant bave bew�.a...re.
<br /> � • '' � and shall remain in full c�mpliance witb any applicabte Envaonniental l.aw. ' �''=�
<br />'� .� G Grantor shal!immcdiately notity Lender if a release or ihreatened mlease of a Hazardous Su7zssanoe ocaus on, �.:�
<br /> ' •,;-��:�.'�+,�; under or about the Property or there is a violation of any�nvironmental Iaw avncemu#g the�.'roperry.In such , - __
<br />— ° •,'Ei:;�i�'. an event,Grantor shall take all necessary remedial aciion in accordance wiW a�r3�L'avironmenzal Law. .
<br /> ��`��`����`�`"' D. Grantor shall immediately notify Lender in wrlting as saon as Grantor i t x c�ason to C e f^.sve t lien:��any _
<br />_.'�,,;.: .:�..'• ' pending or threatened investigation,cJaim,or proceeding relating to the release or tiue�t��retease of any
<br /> � � � �� Ha7ardousSnbstance or the violatioa cx�any Environmental Law. �
<br /> ' '''��'' ���� !8r COIoiDEMNATiON.Grantor will give Lender prompt Qotice of any pending or threatened aciion,by private or � ��
<br /> . : _�f1};r;f� ;: �,,�,��rities to urchase or take an or all of the Pra throu candemnatiar�,eminenl domain.or acfy other F
<br />_ ;�'�`,�j�l�t�,:�';� meatss.Grantor authorizes Lender t�tervene in Grant�''ur�'s namein any of the above described actions or c��-,"..-�as.
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<br /> • Grantor assigns to Lender the proceeds of any award or claim for damages coanected witb a condemnat'son or uther = �. _
<br /> � � �',`�� � ~ taking of all or any part of the Property.5uch proceeds shall be aonsiden:,�i payments and will be appl�ed as pravided in "� �.�
<br />__'� •�•:.f.�l,J``.� Y �t ..
<br /> � this Security Instrument.This assignment of proceeds is snbject to the terms of any prior mort�e.deed of trusti
<br /> _ �.•;SA,:��....
<br />-_ .,,;�,.�4�.;.:�:; security agreement or other Gen document.
<br /> ` . f9 i1�tSUIdANCE.Grantor shall keep Property iasured a�ulnst tass by C�re.flood.li�eft aad other hazards and rislcs �
<br /> - � reasanabty associated arith the Properry due to its tyQe and location.This�nsurance s;tall be mainta:aed in the amouats
<br /> ;,��� - and for the periods that Leadet requires.The insurance carrier providing the insurance shall be cL�osen by Grantor
<br /> = subject to Lender's approval.which s6a11 not be uraeasanabiy w�thheld:If�rantor faits to maintain the coverage
<br /> - .. �. . desctibed above.Lender may.at Lender's option.obtain wverage to protect Lender's rights in the Property acoording
<br /> � � to the terms of this Security tnsirttmen4
<br />_ ' . All insurance policies and renewals shall be aecepiable ta Lender and shall include a standard"mortgage clause"and.
<br /> °-=-_ � , where applicahle."Ins.c payee ciause."Grantor shall immediately notify Lender of canceltation or temunation of the _
<br /> -- . • insurance.Lettder s6all have the rigtlt to hold the policies and renewals.If Lender requires.Grantor shall immediatety - �
<br /> �. ' give ta Lender aU receipts of paid premiums aad renewal aotices.Upon toss.Grantor shall give immediate notice to
<br /> � � � the insurance carrier and Lender.Lender may make proof of[oss if not made immediate{y by Grantor. ,
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<br /> - - - .. ' A1947Bs�.^nblY.rnatr�c.S�Gh.n.tLY1td0639'1�23Ai1FmmRE-OT-tuE6841 .
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