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<br /> ,exccuted �pr th+ u ibf'LfipGn elZdurin �b uarnnt in thc Securc�Debt. A �uod faith belief b Len er tnat
<br /> P �P� �'� L B Y S b Y
<br /> � L.cnderat�rty�limn ie i • ct�ta�w person or cntity obligatcd on thr.Secured Debt or that thc prospcct
<br /> af eny paymcnt or thc value af the Yroperty is tmpairsd shall alsa canstitute an event of default.
<br /> 16. REIV[ED1FS ON D�FAULT.In some instances,fedcral and state law will require Lender to providc Grantor with
<br /> notice:of the right to cure nr other notices und may establish tfine schedules for foreclosure actions.Subject to these
<br /> limitations,if nny� I.ender may accclerate the Secured Debt and foreclase this Security Instrument in�manner
<br /> provielcd by law if Grantor is ln default. �
<br /> At the optlon of L.cnder,all or any pan of the agreed fces a�d chargcs,accrued Interest and principal shall becomc
<br /> irnmedintely due and payablc,utter giving notice if required by law,upon the occunencc of a default ox anytimc
<br /> thereatter.In additian,Lender shall bc entitled to all the remedfes provtded by law,the terms of the Securcd Debt,
<br /> thi9 Security Instruntcnt and any related documents,including wititout limitation,the power ta sell the Property.
<br /> If there is a default,Tnutec shall,in addition to any othcr permitted remedy.at the request of the Lcnder,advertlse
<br /> and sell the Property as a whole or in separate parcels at public auctian to the highest bldder for cush and eonvey
<br /> absolute title frec and clear of all rlght, titic and interest of Grantor at such time and place as Trustee deslgnates.
<br /> Trustee shall give notice of salc including the time,terms and place of sale and a descriptian of the property to be sold
<br /> as required by the applicable law in effect at We time of the proposed sale.
<br /> Upor�sale of thc property and to the extent not prohibited by law,Trustce shall mal:e and deliver a deed to thcr Property
<br /> sald which conveys absolute title to the purchaser.and after Cust paying ell fees.cherges and costs,shall pay to Lender all
<br /> rnone}n advanccd for repairs,taxes,insnrance.liens,assessments and pdor encuatbrances and Interest thereon,and the
<br /> Firincipal and intcrest on the Secured Debt,paying the surplus.if any,to arantor. Lender may�urchase the Property.
<br /> The recitals in any deed of conveyance shall be prima fade evidence of the facts set forth thereia.
<br /> AU remedies arc distinct,cumulative and not exclusive,And the Lender is entttled to aU remedies provided at !aw or
<br /> �quity,whether or not expres�ly set forth.The acceptance by Lender of any sum in payment or partial payment on the
<br /> Secured Debt aftcr the balancc is due or is accelerated or after foreclosure praccedinpYs are Bled shall not constitutc a
<br /> waivcr of Lender's right to require complete cure of any existing default.By not exercistng any remedy on Cirantor's
<br /> default,Lender does not waive Lender's right to later wnsider the event a default if it continues or happens again.
<br /> 1Q EXPENSES; ADVANCES ON COVENANTS=ATTORNEYS' FEESi COLLECTION COSTS.Except when
<br /> prohi6ited by law,Grantor agrees to pay sll of Lendcr's expenses if Grantor breaches any covenant in this Sscuriry
<br /> Instrwnent,Grantor will also pay on demand any amount incurred by I.ender for tnsuring,inspecting,preserving or
<br /> ot6erwise protecting the Property and Lender's security interest.These expenses will bear interest from the date of
<br /> �he paynaent until paid in full at the highest interest rate in effect es provided in the terms of the Secured Debt.
<br /> vtar�tor�grc�ta pay all cost�attd e`:pen��s incurretl by Len�ler Ir� colle�tinv:enforcina or protectine L.eader's ri�ehts
<br /> and remedies under this Securiry Instrument.Thls amaunt may include,but is not limited to.attorneys'fees,couR
<br /> costs,ead other legal expenses.T'his Securiry Instrument shall remain in effect until released.Grnntor agrees to pay
<br /> for any recordatIon costs of such release.
<br /> 17. ENVIRONMENTAL LAWS AND HAZARDOUS SUBSTANCES.As used in this section,(1)Environmental L.aw
<br /> means,without limitation,the Comprehensive Environmental Response,Compensation and Ltabllity Act(CBRCLA,
<br /> 42 U.S,C.9601 et seq.),and all ather federal,state and local laws,regulations. ordinances,wurt orders,attorney
<br /> gene ral opinions or lnterpretive letters concernirig the public health, safety,welfare.enviranment or a hazardous
<br /> substance;and(2)Hazardous Substance means any toxic,radioactive or hazardous material,waste,pollutant or
<br /> contaminant which has characteristics whlch render the substance dangerous or potentially dangerous to the public
<br /> hcalth,safcty,�rclfare or envizonment.The term includes,wirhant limitation,any substances defined as"hazerdous
<br /> rnaterial.""toxic s��bstances;'"hazardous waste"or"hazardoas substance"under any Environmental Luw.
<br /> (3rantor represents,warrants and agrees tha�
<br /> A. Except as previously disclosed and acknowledged in writing to I.ender,no Hazerdous Substance is or wiU be
<br /> located,stored or released on or in the Property.This restriction does not apply to small quantittes of
<br /> Hazardous Substances that are generally reGOgnized to be approprlate for the normal use and maintenance of
<br /> the Property.
<br /> B_ Exapt as previously disclosed an9 acknowledged in writing to Lender,Grantor and every tenant have been,are.
<br /> and shall remain in fuA eompliance with any applicable Eaviroamental Law.
<br /> C. Grantor shall immediately notify Lendcr if a release or threatened release of a Hazardous Substance occucs on,
<br />— under or abnut the Property or there is a vIolation of any Environmental I,aw concerning the Property. In such
<br /> en event,Grantor shall take all necessary remedial action in accordaace with any Environmental Law.
<br /> D. Grantor shaU immetGately notify Lender tn writing as soon as Grantor has reason to believe there Is any
<br /> pending or thxeatened investigation,claim,or proceeding relating to the release or threatened release of any
<br /> I-Iazardous Substancc ur the violatian of any Environmental Law.
<br /> 18� CONDEMNATiON.Grantor will give Lender prompt notice of any pending or tareatened action, by private or
<br /> public entides to parchase or take any or all of the Property through condemnation. eminent domain.or any other
<br /> rneans.Grentor authorizes Lender to intervene in Grantor's name in any of the above described actions or claims.
<br /> Grantor aulgns ta Lender the proceeds of any award or claim for damages connected with a wndemnation or other
<br /> taking of all or any part of the Property.Such proceeds shall be considered payments and wiA be applied as provlded in
<br />— this Securiry Instrument. This assignment of proceeds is subject to the terms of any prior mortgage, deed of trust,
<br />_ securiry a�reement or other lien document.
<br />_ 19. INS�JRANCE.Grantor shall kcep Property insurcd against loss by firc,f7ood, theft and othcr hazards and risks
<br />= ceasonably associated with the Property due to its typc und location.This insurancc shall be maintuined in the amounts
<br />= and fa the periods that Lender requires.The insurance carricr providing the insurance shall be chosen by Grantor
<br />.- subject to Lender's approval,which shall not be unreasonably withheld.If Grantor fails to maintain the coverage
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<br />_- to the terms of this Security instrument.
<br /> = All i nwrance policics and renewals shall be acceptab!e to Lender and shall include a standard"mortgage clause"and.
<br /> - whereapplicablc,"loss payee clause:'Grantor shall immsdiately notify Lendcr of cancellation or tcrminutiun of the
<br /> - insurance.Lender shall have thc right w hold the policies and renewals. If Lender requires,Grantor shull immediately
<br />-� �ive ro Lender all receipts of paid premiums and renewal notices. Upon loss,Grantor sh111 give immcdiate notice to
<br /> � the i nsurancc:carrier and L.ender.Lender muy make proof of loss if not made immediately by Grantor.
<br /> � (page 3 d4)
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