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<br /> At the option of Beneficiary, all or any part of the agreed fees and charges, accrued interest and principal shall
<br /> become immediately due and payable, after giving notice if required by law,upon the occurrence of a default or
<br /> anytime thereafter.
<br /> If there is a default, Trustee shall, at the request of Beneficiary, advertise and sell the Property as a whole or in
<br /> separate parcels at public auction to the highest bidder for cash and convey absolute title free and clear of all
<br /> right, title and interest of Trustor at such time and place as Trustee designates. Trustee shall give notice of sale
<br /> including the time, terms and place of sale and a description of the property to be sold as required by the
<br /> applicable law in effect at the time of the proposed sale.
<br /> Upon sale of the Property and to the extent not prohibited by law,Trustee shall make and deliver a deed to the
<br /> Property sold which conveys absolute title to the purchaser, and after first paying all fees, charges and costs,
<br /> shall pay to Beneficiary all moneys advanced for repairs, taxes, insurance, liens, assessments and prior
<br /> encumbrances and interest thereon, and the principal and interest on the Secured Debt, paying the surplus, if
<br /> any, to Trustor. Beneficiary may purchase the Property. The recitals in any deed of conveyance shall be prima
<br /> facie evidence of the facts set forth therein.
<br /> The acceptance by Beneficiary of any sum in payment or partial payment on the Secured Debt after the balance
<br /> is due or is accelerated or after foreclosure proceedings are filed shall not constitute a waiver of Beneficiary's
<br /> right to require complete cure of any existing default. By not exercising any remedy on Trustor's default,
<br /> Beneficiary does not waive Beneficiary's right to later consider the event a default if it happens again.
<br /> 10. EXPENSES; ADVANCES ON COVENANTS; ATTORNEYS' FEES; COLLECTION COSTS. If Trustor
<br /> breaches any covenant in this Security Instrument, Trustor agrees to pay all expenses Beneficiary incurs in
<br /> performing such covenants or protecting its security interest in the Property. Such expenses include, but are not
<br /> limited to, fees incurred for inspecting, preserving, or otherwise protecting the Property and Beneficiary's
<br /> security interest. These expenses are payable on demand and will bear interest from the date of payment until
<br /> paid in full at the highest rate of interest in effect as provided in the terms of the Secured Debt. Trustor agrees to
<br /> pay all costs and expenses incurred by Beneficiary in collecting, enforcing or protecting Beneficiary's rights and
<br /> remedies under this Security Instrument. This amount may include, but is not limited to, Trustee's fees, court
<br /> costs, and other legal expenses. To the extent permitted by the United States Bankruptcy Code,Trustor agrees
<br /> to pay the reasonable attorneys' fees Beneficiary incurs to collect the Secured Debt as awarded by any court
<br /> exercising jurisdiction under the Bankruptcy Code. This Security Instrument shall remain in effect until released.
<br /> Trustor agrees to pay for any recordation costs of such release.
<br /> 11. ENVIRONMENTAL LAWS AND HAZARDOUS SUBSTANCES. As used in this section, (1) Environmental
<br /> Law means, without limitation, the Comprehensive Environmental Response, Compensation and Liability Act
<br /> (CERCLA, 42 U.S.C. 9601 et seq.), and all other federal, state and local laws, regulations, ordinances, court
<br /> orders, attorney general opinions or interpretive letters concerning the public health, safety, welfare,
<br /> environment or a hazardous substance; and (2)Hazardous Substance means any toxic,radioactive or hazardous
<br /> material, waste, pollutant or contaminant which has characteristics which render the substance dangerous or
<br /> potentially dangerous to the public health, safety, welfare or environment. The term includes, without limitation,
<br /> any substances defined as "hazardous material," "toxic substances," "hazardous waste" or "hazardous
<br /> substance" under any Environmental Law.
<br /> Trustor represents, warrants and agrees that:
<br /> A. Except as previously disclosed and acknowledged in writing to Beneficiary,no Hazardous Substance is
<br /> or will be located, stored or released on or in the Property. This restriction does not apply to small
<br /> quantities of Hazardous Substances that are generally recognized to be appropriate for the normal use
<br /> and maintenance of the Property.
<br /> B. Except as previously disclosed and acknowledged in writing to Beneficiary, Trustor and every tenant
<br /> have been, are,and shall remain in full compliance with any applicable Environmental Law.
<br /> C. Tntstor shall immediately notify Beneficiary if a release or threatened release of a Hazardous Substance
<br /> occurs on, under or about the Property or there is a violation of any Environmental Law concerning the
<br /> Property. In such an event, Trustor shall take all necessary remedial action in accordance with any
<br /> Environmental Law.
<br /> Security Instrument-Open-End-Consumer-NE VMPC465(NE) (1107).00
<br /> VMP®Bankers Systems TM OCP-REDT-NE 7/1/2011
<br /> Wolters Kluwer Financial Services®1994,2011 Page 5 of 8
<br /> ,y I, 14
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