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<br /> executed tor the purpcxc ot creating,sccuring or guarantying thc Securcd Dcht, A goucl faith bclicf by L,cndcr that
<br /> Ixnder nt any time ia insecure with reapcct to any penwn or entity onligeted an the Secured Dcbt or that the prospect
<br /> of eny payment or the value af the Prc�erty is impaired shall also constitute ar�cvent uf defautt
<br /> 1S. REMEDI�S ON DEFAULT.In some instancea,feJeral and statc law will reyuire l.enckr to pruvide Grant��r with
<br /> notive of the right to cure or other notires and may estnblish time sc:hedulcs for ioreclosure actions. Subject ta these
<br /> limitations. if any,Lcndcr may accclerate the Secur�J Debt anJ fureclusc; this Sccuriry Instrument in a manner
<br /> provided b,y law if Grantor u in de[ault.
<br /> At the option of Lender, all or any pert o[the agreed fees and charges,uccrucd interest and prindpal shull become
<br /> immediately due and payable. efte,r giving notice if rcquired b,y law,upon the occurrence of a default or a�ytime
<br /> thcrcafter. In addition,Lender shall be entitled to all the remcdies provided by law,the terrns of Ihe Secured Debt,
<br /> this Security Instrument and any related documents,including without limitation,thc power to sell thc Pro,perty.
<br /> If there is a dofault,Trustce shell,in addition to any other permittcd remcdy,�t thc requcst of the l.ender,advertign
<br /> and sell the Property as u whok or in separace parcels at public auction to the highest bidder for cash and convey
<br /> absnlute title free and clear of all right,title and interest of Gr�ntor at such time and place as Tnastee designates.
<br /> Truetee shall give natice of salc including the time,terms t�nd place of sate and a description of the property to be sold
<br /> as requirad by the applicable law in effect at the time of the proposcd sAle.
<br /> Upon sale of the properiy and to the extent not prohibitcd by law,Trustee shall make and deliver a deed to the Property
<br /> sold which conveys absolute title to the purchaser,and a[ter first paying all fees,charges and costs,shall pay to Lender all
<br /> moncys advanced(or repairs,taxes,incurance,liens,assessments and prior encumbrances and intcrest ihcrcon,and the
<br /> � principal and in��erest on the Secured Debt„peaying the surplus,if any,,2�a Crantor.Lender may piirchase the Praperty.
<br /> . The re�itaLq in,a��y deed of conveyanca sh�lr t�e.gr�ma facie.evidence of i9:�f�chs set focih therein.
<br /> , 1#!1Y rem�di���at��iatinct,ciimi�l��ive and not�exclusivc, �ncl tho[.eqder is entiit1ed hc�aU remedies provided pt..luw or
<br /> � � �ECluity;:whethe�_prnui txprissl?rset furth.;'fhe:aec�pjancc:by;Lendar:uf any'su�n irtpnymept or�al�ayment ui�"the •
<br /> ,�''' �Secu��d D�;�iit.�►�ftciihe balane'e is due or is aoc�leraiCd:c�r aft�r#'Q.recic�sura�prc►cdediags.iirW filed s'hall nat�cqnatitute�a,
<br /> ' . waiver�of l:.e.ailei,sright to require complete cure of any oxisiiag dc1'AUIt.$y nc�!bxcr�ising any�remedy�Qcttrtt4wr's.
<br /> • detault,T.ender clas not waive I.ender's right to later consider fh�q�ent u default if if continues or heppens again;�`�:.
<br /> ' 16. EXPENSES;A�JVANCL9 ON COVENANTS; A'C�'kDRNEYS' FEES;eOLLECTION COSl'S.Except when `� � '��`
<br /> prohibited by law,Grantor egrees to pay all of Lender's eapenses if Grantor breaches any ooven�nt in thia Security
<br /> Instn�ment. Grantor will also pay on demand any amount incurred by L,ender for insuring,icupeding,prescrving or
<br /> otherwise protecting the Property and Ixnder's security interest.These eapenses wiU bear intereat from tt�e date ot
<br />_ �h• �ny�!•!+!sa*_i!p�id in h!!! ss tht l�ighe.:s isslereoi:.:ic is�ft�ci as pr��ideJ i�� tllC tCll��i Ul ii� "aecured Lebi.
<br /> Grsntor r�nea to pay all�o�ta and expenses incurrcd by Lender in collecting,en(orcing or protectin� I.eeder's d6hts
<br /> and rcmedies unckr tha Searity Inetrument.This �maunt may include, but is nc�t limited ta,�ttaney�' �ees�oourt
<br /> oaw,md other kpl espenies,7t�is S�xurity Imtrument ehell rcmain in e3kct until rekaud.(yrator�rees to pe�
<br /> [or any r000rd�lion oo�w of wch rokaee. '
<br /> 17. I:�IVIRUIVMF.M'Al.1.AW9 AND NAZA�RDOUS SU�STANCB3.A�t w�ed in this rection.(1)EnvironmenW I.aw
<br /> mew,without Iia+Mation.tlx Comprebarnive Environment�l Respome,Compens�tion aad[..riitMllry Act(CERCLA,
<br /> 42 U.S.C. 9601 et Kq.),and aU Wl�er[ederal,st�te�nd loc�l lavvr, nsulatians, onfinanoes. court orden,�ttomey
<br /> Renenl opiaioas a in�erpretive btters ooncerning tha public hcalth,�afe�y, welfue,enviroamea�or• h�zardous
<br /> wb�tana; aqd(2)Hwz�rdous Subrt+inco meuu�ny toxic, radioactive or buarda�e nwterid, w�ute,pallutant or
<br /> oont�min�nt which haa charectcristio which render tbe subatena danRercw�or potentially dan�eroua tv the pubiic
<br /> health,a�fety,welfare or environment.The term indudes,without limitatioa,any subetaaces delSned �"hwrdou�
<br /> m�terial,""to:ic substanoes;�,•haurcious weate"or"hezardous substana"�nder any EnvimnmenLl[.aw.
<br /> Grantor rcpresenta,warrsnts and agreea that:
<br /> �►. F.�wept�s previously dlacJosed aad acicnowbdged in writina to Lender. no Hanrdou� Sub�una is or wiil be
<br /> tocated,stored or rdeaaed on or in the Property.Tl�is restrictiou dce;not apply to sm�ll qwntitiea ot �
<br /> H�zardou�Subetu�cea that are gener+Wy reooani:.ed to be appropriate for the narmd tsee and�nainten�r�oe of "
<br /> the Property,
<br /> B. E�coept es pnvianly d'acloeed and acknow�dgod ie writing to L.ender,Grantor and every ten�ot have l�oen�are,
<br /> aud sfWl remain in full complianoe with any appGcabk Em�ira:stncntal[.aw. �
<br /> C. Cmnta shaN immediately notify I.ender if s nkase or tbreatencd rele�ce o[a Haraniwn Subatanoe oocura on,
<br /> wider or ubout the Property or there is a violation of any EnvirnnmenW Lan concernins the Pr�operty.In auch ,
<br /> an event,Gru�wr shaN take ull neoeaary remedial action in acx.�ordance with any EnviromneMel Law.
<br /> D. Grantor ah�U immedi�tely noti[y i.ender in �vriting�s soon as Grantor has renaon to believe there is any
<br /> pending or threatenod inveatigation,cleim,or provecding relating to the rckase or th�aoened rekase of any
<br /> Harardous Substu�oe or the violetion of any Environmental I.aw.
<br /> 18. CONDEMNAI'ION. (;raritor will give L.ender prompt notice ot any pending or thrcatened action. by private or
<br /> pubdc entities to pw�ck�ase or take any or all of the Property through condem�nation,eminent dc�nuin,or a�ry oWer
<br /> meana.Grantor auU►orius Lcnder to intcrvene in Grantor'a neme in any ot the above de�cribed ktions or r�aims.
<br /> Grantor o:aigns to Lender the proceeds of any award or claim for dameges connected aith a condemnation or other
<br /> eaking of AU or any part of che Propeny.Such proceeda shall be considered payments nnd�vill be applied ai provided in
<br /> thit Sa�urity Instrument,'IT�is assignment of proaeds is subject to the ternu of any prior mortga�e, deed of trust,
<br /> security agreement or other lien document.
<br /> 19 IlVSURANC&Grantor shall keep Property insured against loss by Cre, tlood,thett and other 6�z.arda and risk:
<br /> reasonebly associated with tbe Property due to its type and location.This insuranoe shall be caaintained in the Amount:
<br /> and for the peri�s that Lendcr requires.'i'ha insuranoc carrier prc�uiding the insurdnce aheU Ee =h�n by Gnu►tor
<br /> ���.:�� ..i�w.�....1..� �� __L._L _L_�� � ..L_ .
<br /> ' �wa�v aw�uwa oFs�ivra���►nnn��an n'v�vc dnir�i3unbviy wi[�tICIQ. YT urantor t�i4e lo xft�intiin the coveragc
<br /> dcscribed abovo,Lender may,at Lendcr's option,obtain�roveragc to protect I.endcr's rip,hts in thc Property acaording
<br /> to the terms of this Security Instrument.
<br /> All insurance policiea and renewals shall be aoccptable tci L.cnder and shall inrlud�a standard"mortgage claux"and,
<br /> where applicable, "IoKS payee clause."Grantor shall immcdiatcly notify Lender of cancellation or termination of the
<br /> insurance,Lender shell have the right to hold the palicies and renewals.If Txnder rcquires,Grantor�dall immediately
<br /> give to Lend@r i!1�reoeipts o[p�id premiums and nnewal notices.Up�i loss,Grantor shall give immedi�te notice to �
<br /> the insurance carriar and I.endcr.I.ender may make proof of loss if not•made immcdiately by Grantcx. .
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