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<br />`��, "`'';��z�,�:=. 14. DF,FA[JLT. obli�on the Secured Qett faita to make paymertt when due.Tn�stat . � r=- .
<br /> � `' � �1 be in d ' e�'�r t o this Security Instmment or any othee document enecutcd[or thc , ,
<br /> ��` :"; purpase of ' g! ecnring f1Dg� the ured De�t.�!�ood fatth 6elief Qy Beneficiary that BeacRciary nt ony ,
<br />__ ,. �,��,; ume is insecuce wi '� ty obligated on ctce Sec�ed Debt or that tIIe�rosQc�ct o!eny payrttrnt a: .
<br /> :`�t'�;v the vaiue of tute an event of defaWt. ..
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<br /> ,� , `^f , 15. REMEDYES ON DEFAOLT In some instancea, federat aad state law wil! require Beneficiary to ptovtde Trustot tvltA � ', � •�
<br /> ..�.:; �.�;' ;` _ ��, notice of the right w c�ue or other nntioea and may estaDlish time sshedules for[oneclosure actfions. Subjc�ct to thesc . £ ,
<br /> .. limitatio�, if aiy, Benefcciary may acoelerate the Senued Debt and fazeclose this Security Inztnuncnt �R � manncr .F•
<br /> =a-�� P����7►law if Trustor is ia d�f�ilt. � ��
<br /> �f :i�5 ` At the optioa of Benetic ry. '
<br /> all or any qart of thea��ed fees end charges. acaued iatcnest aad princfpffi eha!!bccomc ��
<br /> - �>Z�•R,<-�: �ely dne �d p yabte,,after ving aouce i�resuired 6y law. upon the oocutrenc�e of a defnult or nnyN_rtae
<br /> `.`�;=;��:e`�; theceafter. Ia addition,Beaeficiazy�be entifled to all the remediee pruvIded by law.the terms of the Socured DeDt. �.
<br /> _ :'='r•�:'s:;.r:, this Security Insaument and any telated dacum�ts,iaciuding without lLnitatton.the power w sell Ne PropeRy. ,
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<br /> '"'"�'='�'� If tliece is a default,Tnut�e shari,in additioa w aay other peimitted remedy.at therequest of the Beneticiary.ndvertiae �
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<br /> ^ §z�i >> aad sell the pmperty as a who2e or in a�ate paioeis at public auctioa to the 6ig�c�t bidder for aash attd c�avey ebsolute
<br /> •.,,�:.;�;?;: atle free and clear of aU right,title aa��aterest of Tn�swr at surL time and place as Tntstee de�igaates.'Cntstc�e shell givc �. _ .
<br /> �.�,•.,,_.�.;n. noucc of sale ia�Iuding the time.tc�ms�d plaee 4f sale aad a descr1ptIoa of the pmpeny to 6e wld as cequf�ed Dy!hc � .
<br /> "°"`'''� appHcable law�effect az the time of the pmposed sate. . .
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<br /> � � � Up on sale of the pmperty and to the extent aot pmhibited by law.'fmstee ahall aiake aad ddiver a deea w the Property � -
<br /> , ,�.;r;� ; so-lal which conveys absolute titie w the pu�iaser, aad aRer fiist paying all fces. charges aad costs. sh�11 pay to .
<br /> �.,r.,°,i`��:<E` B�c i a c y a U m o n e y s a d v a n c e d f o r n e p a i:s. t a x e s. I n s u z a n ce. li e n e.assessm�ts aad prIor enarmbrmtces and intecest
<br /> ,_as4��i-i!' . : .
<br /> , r . .- th..e�x,aa.a�n,., a•�n,d.bth,e, prInci�al �d mterest on the �red Debt.DaY�B��PIus. if any. w 'ilmstor. Benetteiary may , '
<br /> - f�.Fi.,::.+r. 17YiF••^•C YiG raup�.�j�recitats�a aay deed qf oomeyance shaU 6e prlma facie evidence of the fects set fortD thereln.
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<br /> '`,�;_ r- AII remedies a�alistinct,cumulative and not excIusive,and the BeneRcIaty ls enSded w all iemedies ptovIded at law or ' • s
<br /> ' s.����,;�,,,._ eqmity.whether oT noY expressiy set forth.TPie acceptsuce by Beaeficlary of any s�in payment or part�al paytaent oa the ,.r ..
<br /> , ;;;;�`rf,�'�`; S�Debt after the balaace is due or is acoelerateA or after foreclosvre pmceedings are fiie�shaU not caastitute�a
<br /> ; � waiver of Beaefic3ar�►'a right W rec�uice coaiplete cure of aay e�ng defaul�By not exercising aay rwaedy an Tiuswr e ''�_ y :�-
<br /> '�t�"'°� �',� defaalt,Benefcr�ay does not waive Be�neBciaiy's rigl►t to later wnsider the event a defm�It if it continues or happens again. . , ,�
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<br /> COLLECTION C031'S �xcept when
<br /> � :� 16. E7�PII�T�'uES: ADVANCFS ON COVENAN'1'S; ATPORI►IEYS' FEE.S: .
<br /> ��, �� r� pra2ubited by�law,Trustor agees to pay all of Beneficiary's expenses if Tiustor breaches aay coveaani In Wis Security �
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<br /> ..•:,•�;,f-.,,,;°!':- Inst�ent.Trnswr wIU also pay on demaad aay amouat lncurced bv Beneficlary far iasuring.insPec�ng,preserving or - _
<br /> '..-;;:�:::�.;^,.:;:#�F osheawise pmtecting tlte Pmperty and Bene&ciary's semrlty�t.7�ese expenses wW bear mterest from t�e date oithe =
<br /> �:����,; r: PaYment until pa�d 3n fiill at the higheat intecest:ate in effict as provided in the teems of the Secured Deb�Trnstor ag� ` . ..
<br /> :� to pa aU wsts aad expenses incurnd by Beneficiary in ool�ecting, enforctng or pmtecting BeneSclary's dghts and „ -
<br /> -�;" ' r �es tmder this SeauIty lnstniment.'Ibis aawunt may include,Dut is not limited w.attomeys'fees.court costs.and .�� ",
<br /> ', �.;,,.;i:�: other le�al expenses. '17�is Security Iasnvment shall cemain �n effea uaW reteased. Trnstor agrees w pay for any `_!'~�� ,
<br /> • ;�.,.::� recv r d a i ion w s t s o f s a c h r e l e a s e.
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<br /> �,�.,,,;;v-:' 17. ENVIRONIV�NTAI. LAWS A1�iD HAZA�iDOUS SUBS°i'ANCES.As nsed Ia this sectton, (1) Envimnmeatal Law :.�-��,�;�.�.: •
<br /> " '"' me�s,withont ltmitat�on,the Compreheasive F,nvirona�ental Response. Compeasatioa aad Liabiu'ty Act(CERCI.A.42 ".;�.:#�.; ,..
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<br /> ,' �:;'•�.� U.S.C. 9601 et seq.), aad all other federal. state au�loc�l Iawa. r�gulations,ordiaances.court orders, attumey�enerel :� .
<br /> �.:;i:., :
<br /> � opinious or interprehve tetters conceming the publlc health,safery,welfam.envimatnent or a ba7allous substanoe:aad(2) :�-.}.;.'. .-..
<br />- �..�;.'�. Haaatdnvs Substance means any wx�c, radioaaive or ha7anQwts ma¢erlal. waste, pollutant or ooataminaat which I�as -
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<br /> f �-> • ` chaxazxeristics which reader the substanae dangerous or potentially daagerous to tlie publlc healt6, eafety. welfaze or
<br /> '•:'; ,',,:- eaviro�nt.'[he term iacludes,without limitatton,any substaaces d�fineA as"4azardons material,° "toxic substaaces," �°-;.-'�
<br /> ''���� "l�a7ardous waste"or"$azardous substance"nnder any Environmental Law. �—�`L'
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<br /> �: A.Except as previously disclosed and acknowledged in writing to Beneffciary,no Hazardoua Substance ia or aiU be �
<br /> �� � loeated, stored or released on or in the Property.lLis restrictioa does aotappIy w smatl quantit�es of Ha�dous �_
<br /> ,. Sabstances that are generally recogn�eQ w beappmprFate far the no:mal nse and maintenaaee of the Property. --- -
<br /> �� �::,`::' B.Ex�as pn�viously disclosed and aclmowledged in ari w BeneBclary,Tmstor and every tenaat have bcen,am. :`_ ''-:'"..
<br />- . " and remain in fuU compliaace wltD aaya�plicable En Law.
<br /> . C.Trastor ehaU�mediately notify Beneficiary if a release or threatened relcrose of a Hazardous Suisscaace oa�us oa. �I.+ :
<br /> : . � ' . uader or a6out the Prap e rt y or there is a vlolation of any Environmeutal Law concem�ttg the Ptapetty.In sucD an � ': ..�:
<br /> , � - r�--� even�Trusoor shall take a U nerxssary remedial acaton in accordanee wIth any Envitvnmental Iaw. ' �•.:��:_
<br /> D.Tmstor s1�aU immediately notify Beneficiary in wr�ting as saan as Truswr has reason to believe there is aaY peading -__
<br /> � or tLreatened investigat�on, elai�n, or pmceeding mlating to t�e retease or ahr�eateeed release of any Ha�ardous . �
<br /> •� � � � Substance or the vloladon of any Env�ra�eatallaw. _
<br /> ` �, 18. O0�IDEMIVATION.Tn�stor wlll give BeneRciary pmmpt notice of any pending or threatened ac8on.by private oryubllc � ` .:'
<br />_ .. . encities w���e or take any or aU of the Propeny througL condemnatlon.em3nent domain.or aay othet means.71ntsWr ..
<br />- autt�flrizes�eneficiary to intervene in Trnstor's name in any of the above descrIbed ac�ons or cla[ms.Trustor assig�s to �
<br />_ � Bene�ciary the pmc�eds of any award or claim for da�ges connected with a conQemnation dr other tak�g of aU or aay ' - �
<br />_ • part of t�e Pr+operty. Sach yroc�s shaU be constdered payments and will be applied as pmvIded in tLls SecutIty , .
<br />� Instiument.'Iiiis a- s3s gament of proceeds is subject w the teims of any pdor mongage,dced of Wst,seceuity agreement m '
<br /> other liea docu�nt. ' �
<br /> _ . 19. II�TSi1RANCE.Tivstor shaU keep Property insured against ioss by flre.tlood.theft and other haaards and rlsks ceasonably . . ,
<br /> *, „ assaciated arith the Property due to its type and lacat3oa.Thls iasurance ahall be malntainod ia the amnuats and for the � �.
<br /> ��� � psria�a that Eeneficiazy regmres. 'Ilie�surance cerrIer providing the�nsuraaee sha1) be ehosen Dy Tntstor subject to ••
<br /> :� . B�ciary's a�p roval, wlnch shall noi be nnreasonably wlthheld. lf Trustor fails to malntaiu tlte covera ge descrIbod ' •
<br /> _ . � above,Beneficisry may,ai BeneRclary's op8on.obtain covetage to pmtect Heneficlary's rlghts in the Property aceording �
<br /> ' to ohe tesms oY t�s�ecurlty Inst�vmeat.
<br /> - � All insvraace polir}es and renea+als shall be tab2e to BeneRclary and.shall include a steadard"mort�age clause"aad. ••� •
<br /> • . where applicable. "loss payee clause."Tnistor s immediately aotifsr BeneRclary of cancetlatlon or terminatlon of the �
<br /> � . . insurance. Beneficiary shall have the rlglu to hold the polictes and renev�als. lf Beneflclary mquirea. Tn�star shall -� � �
<br /> lmmedialely give to Benefic�ary aU receipta of pa3d premiums and renewal nodres. Upoa loss. Tntstor shall giae
<br /> �� � immediate notiae w the ir�suraace carrier and Benefloiary.Beneflciary may make proof of losa lf not made immedlately by : •.
<br /> - Tnutor. '
<br /> _i' . .
<br /> •. lpago 3 0141 �
<br /> . ' � , „-� �1994 6�++tma 5ystmns.tne..Si.CtouA.N.N 11�800�397-23611 Form RE-OT•NE 12/t319E � �' , -,
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