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<br /> 14. DEFAULT, Trustor will be in default if any.party >rbligatew on the Secured Dust fails to make payment when the. Trustor
<br /> will he in default iy..a.i-E atilit j ur 4 "4e Security instrument or any other-d{cume`nt executed to the
<br /> purpose of creating;'securing t;P' to sti > ;4 1:ie:S t:rf�e. Debt. A 20c0 faith belief by Beneficiary that Beneficiary a
<br /> time is insecure with s r > . t3,t,`tEis ' �'rSliai't3t '�ntit'v.Obligated on the SW.:r+".,d Debt:or u)iut thw proSr"'-"c.'t £Sf xsy p3vment or
<br /> the value of the Pt':sties €.s, :'f ii:i ;i ..a :i:c;;ri:tip;te an event of default..
<br /> :l.s, REMEDIES ON DEFAULT. In some instances, federal and state law will require Beneficiary To provide Trustor with
<br /> notice of the right to cure or other notices and may establish time schedules Mfr fOreclosure actions. Subject to these
<br /> limitations, if any, Beneficiary may accelerate the Secured Debt and foreclose this Security Ieatnrmeet in a manner provided
<br /> by law if Trustor is in default.
<br /> At the option of }er ?ICia^,;, or any part Jz e agreed fees and charges, accrued interest xnx prE C#{i
<br /> l shall become
<br /> i3-r33:riediat`y}due-a t. p y''able, k'tier.`,y%rt"irig notice if m l£..red b , tip on the occurrence.e C3'�iE default 't#r anytime thereafter.
<br /> in a'dtJiit:}tvs. l r efici ry shall be l rl e 3' s provided'sF 1, the t: ., e r Debt, this� s�:t: s=r t:rs alA the remedies l#,.'s�i£...tl .y law, tliti ?:rc„� of the�e:c#�r,�.-.het. , <..1.; Sec;urity
<br /> ..e:t^3 'e . and any related documents, 3iw u<rtnr without limitation, he power$3 ^L13 the S.
<br /> : sE3Ev,
<br /> If there is a defaut: rrurstee shall, in addition #.any Otht'r {}s:.rrhisted remedy, ” ii <<f"the S:<,. ,.stye
<br /> .}r•• '� d f', the r'titire�t b tk:ti'i �:1Yi:i"LLt.'r'S S advertise
<br /> r Pro pony as:3 whole ti r #ri separate:art'atti arvei. 'Met pi l-1"dc aiuction.v the nigh-e$: hid', r or l s`t','t.o convey. }
<br /> a:<. sel i wi <'.} Y '# t Ii C ,3 1 �. # yc::5. f lit(c''i ii�Sult.3'e
<br /> title Tree and clear of aft right tide .e'd interest of Trustor at,suet time arid place as Trustee designates. Trustee shall give
<br /> rk e. f t inducting s the r.t#r};: termer and ;?lea£ . o sale arid. a description or the property t £#3�' sold as )"'ss'v.I.by ,'..'i":.e
<br /> notice .1< sale lrik f%'v'ei.<� > � } 5` 3 Ji. t':=E1tt:',
<br /> applicable law in effect at the t#r#..athe ate ;ropo/£1 sale,
<br /> Upon sale of tIi 3< p rf and to the %7.eft riot prohibited Yf law, Trustee c halt make and deliver a deed tfi the Property
<br /> sold Lowey_absolute tide to the purchaser, and after 3tr sr paying fees, and rY ]tr, shalt pay to Beriefietary
<br /> mo ey` wi vented sot`repairs.. taxes; t#'it;ur:'srwe, liens, a.':::i`i:ssie^ entr and.prior encumbrances trances and iiner'est thereon, and.the
<br /> principal cipal rand interest DTI licit e;,1red Debt, "s3abctr r n„ is
<br /> �#�#�;aurl;i i3 i�r#y `7"�°f#Sif✓t. I�yd..;f:.eiaE'y 3i;t3Y purchase the Pr°s.`x'+"rty.
<br /> The r ,anals in any deed of cor;w'ey ante shall tie prima facie etiidenee of the facts set forth therein.
<br /> All remedies are distinct, cumulative and-not exclusive, and the Beneficiary is entitled to ail remedies provided at law or
<br /> equit_Y;' whether t r 3:1 t'expressly se forth, The tic .eptenre by ,€ avhciary of any sum in payment,#r par£i.ai payment on the
<br /> SecurS'i ebt after _ : a; n,e s<due 3r is s%tks E�ted ("after tO ieC;f"wse proceedings are hied shall not„3r iti
<br /> r#t t a t ai.f
<br /> r
<br /> of.2etet cEr;'s right to require <.U r34 e cure of ally e,xisdrig default, By not vxf nv #^ti any remedy { }i rLtstor,1£eSaSa ,
<br /> Beneficiary do/,. :I.t waive Beneficiary's right to later cons/der-the es nt de fault if it continues
<br /> or happens a?a# .
<br /> 16. EXPENSES; ADVANCES ON COVENANTS; ATTORNEYS' FEES; COLLECTION COSTS, Except when
<br /> omhibited by Trustor agrees to pay td of Beneficiary's expenses n��s '� T r:stst breaches `,:y covenant in tii Etj"tr y
<br /> instrument r#:i25'ti r tid£l.l 13:I pay 3:s'4 yi.er7_.✓'.ir,ri an mom.s' ;, s Beneficiary ci f. G i Sr?f.',a:tMg, preserving Or
<br /> i _ "rr3' Eat, tr#uur,cri by AY:'<resi«ary' etsr insuring, tL.y r1r:; i�t
<br /> othe3:r1.'}se protecting the S'ape #:� and�)f 13 `iicu`ts;j' 3 ShCuri ' -inhere ;, These.ex;x't Wit'£: will bear interest. tin the date of the
<br /> say`nient until paid in full the highest t. f 3v ate
<br /> .� at "i> interest rate hi effect-as s°st%.. :dctl in t terns of the. Secured Debt. Trustor agrees
<br /> to pay all costs and expenses Incu:r.ied by Beneficiary hi collecting, enforcing or protecting Beneficiary's rights and
<br /> remedies under this Security lostrumerit. Tins mount.may include,, but Is not limited to, attorneys` fees. court costs, and
<br /> other ftrg`a-E ex ie_os. Tai* Security Instrument s rall :r`3:t. i effect tni l reieised. Trustor agrees to pay for any
<br /> recordation-costs'of such release,.
<br /> 17, ENVIRONMENTAL LAWS AND HAZARDOUS SUBSTANCES. As used in this section, (1) Environmental Law
<br /> means, without iim_hatit# . the Comprehensive .Environm ental Response, Compensation and Liability Act (CERCLA,CLA, 42
<br /> U.r,c, 9601 et sec.,-",, and other .federal, s :d local 1a/9. rGg;la Asns" rtdtssmt'„, coun orders,. attorney general
<br /> ODiiii0W or interpretive letters :tS3 Ann7 d public health, safety, we£iiet environment or w i4rv{.mi} >UbStari tH: and (7)
<br /> Hazardous Stibstance m c:#lS <£nY'' tisYk:, -9's:di?f£:..O':'E; t}i• $-i:i'iif`v5tc-!4 i r i
<br /> i<xt;:Trill„ �iv.vt.t:, f7C#i.EUtt;:tnt :+. £;tnci.f},.n;s_nt has
<br /> character ist<ca which render the sub
<br /> stance dangerous or potentially i x4E 'rilS the public health, Safety, welfare or
<br /> enviromne'sn" The term includes. without limitation, Si substances nefined T:a}ar£ '#{s material," *{!`.xc?%
<br /> 3t:�F,^•;t aE#ice-'.;.4;•i
<br /> 'taz.srdoes waste or '1azord.cr Yubstatice under any Environmental Law.
<br /> Trustor represents, warrants and agrees that;
<br /> A. Except as previously disclosed and acknoWiedged in writing to Beneficiary, no Hazardous Substance is or will he
<br /> located, stored or released on or in.the Property., This restriction does not apply to small quantities of Hazardous
<br /> Substanecs that are generally r;c€ #ii2ed to he appropriate for the normal use and bait`:enac e of the Property.
<br /> B. Except as previously disclosed and acknowledged in writing to Beneficiary, Trustor and every tenant have been,
<br /> are, and shall remain in full compliance with any applicable Environmental Law.
<br /> C. Trustor shall immediately notify'Beneficiary if a release or threatened release of a Hazardous Substance occurs on,
<br /> under or about the-Property or there is a violation of any Environmental Law concerning the Property. in such an
<br /> gg}},, event, T'rust5,3r. Shall take all necesss�arygrariedial.action in accordance with any Environmental Law.
<br /> D. TYt3s'rt?r'.shell ourriatel Y no:to f:3 E.'.£•efr#.a.ry :i writing as soon as Trustor has reason to believe there is sin pending
<br /> or hreatened. icvestis anon, Clair , or proceeding relating to the release or threatened release of any Hazardous
<br /> Substance or the violation of any 'Environmental Law.
<br /> 18. CONDEMNATION,4NATION, Tnisttor will give Eexf.ficiarr prompt notice of any pending or threatened action, by private or public
<br /> entities to purchase or take any t r all of the Property through condemnation,eminent domain. or any other<'r Trustor
<br /> 's> <,� ? _tees« <., e- domain, 5 z s means, T<t#s r
<br /> i t s Y e f y to Intervene.ir'' rst}r's�name in any of the i_Ove-de e ihed actions or clarins. `truster assigns to
<br /> <'#.t. •,^tt:t7S". ;�c�re,.3�:i-air t..J erv' t3, f, s the assigns
<br /> Beneficiary the pro£ee%s of any award or claim for a : ar .� n with condemnation , n or a
<br /> 1. St 44iii.c4::ir'.,..connected. rK.i; ' a or other t:t�^ti;i,N of .ti', or any
<br /> part yf the Property. .Such proceeds shall he considered payments an d will be applied as provided or this Security
<br /> ty Instrument. Tf%s assignment of proceeds is subject to the terms of any prior reengage. deed of t Ei+, security agreement or
<br /> other lien document,
<br /> 19. INSURANCE, Truster shall keep Property insured against loss by fire, flood, theft and other hazards and risks reasonably
<br /> associated with the Property,due to its type and location, This insurance shall be maintained in the amounts and for the
<br /> periods tat BcA: ia"r rJwF3ire'. What_B reficiany-requires pursuant to the p aik£it g sentence can change during the term
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<br /> of the Secured .Debt The insurance carrier,providing the insurance shall chosen Trustee sub e t o Be,neficiam's
<br /> approval, which shall not be unreasonably withheld. If Truster fails to
<br /> maintain the coverage described.above, Beneficiary
<br /> --S.a, at lst:'£#c-i'i.£.'ia' 's opti?.<i;., obtain coverti to vet,he. i:•r, o 1,.. .r. :i' '+,Prt s cC 1' 5;r
<br /> .t, y�f1 li£'£5t.. .,ie£i.rar.4 S aii�,'�S in the spt:.r'tf :ic.+.?3r£ri n,£r, to it,s. terms of#:iii
<br /> Security instrument, -
<br /> All insurance policies and renewals Shall be acceptable to Beneficiary and shall nwlude a.standard 'mortgage cbuse and,
<br /> where applicable, 'loss payee clause." T-rti:;o' snail inartediatel>' notify Beneficiary o• cancellation or termination of the
<br /> insurance, Beneficiary '%a; .have the:right : hold i.e policies and renewals, i: Beneficiary requires, T AYt.s3 shall
<br /> immediately give to Beneficiary all re '? of paid premiums and renewal notices. :Upon loss, Trustor shall give immediate
<br /> notice to the insurance eat-Fier and-Benef k#a'y, Bf3eficiar
<br /> may-make' ,proof of less it not matte:immediately by Trost-or.
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<br /> / :3 { Yuw[ a Lke:i Sysrrn.:114 Farr RE:tT-B? :2!:512005
<br /> v;,..iy®-C1 atNEl s070ni
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