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<br /> � ' rKCCUtcd for thc purposc of crcating,srcuring or guarantying thc Srcured Debt.A good it�ith hclicf hy Lcndcr thzU � ,��
<br /> Lcndcr�it any timc is inscew•c with respcct tc�any�crson or cntity ohligatcd un thc Sccurcd Drht or thut thc prospcct
<br /> � uf.iny paymunt or thc valuc uf thc Pruperry is impaired shaU.ilso constitutc an event of default. - 'r``
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<br /> ; 15. REMEUIrS ON[)�:FAUL7'.In somc instanccs, fcdcral and statc law wiU rcyuirc Lcndcr to pruvidc Grantur with � -`?
<br /> ! noticc c�f thc right to curc or othcr noticcs,�nd may establixh timc schcdulcs for forcclosurc actions.Subject to thesc �"'-"_
<br /> •• limiiations, if any. l.cndcr may .icccicratc thc Sccurcd Dcbt and forcclutic this Security Instrumcnt in U manncr - _-
<br /> � pro��idcd hy law if Gr�ntot iti in dcfault. -
<br /> , At Uic ��ptic+n af Lrndcr,nll ��r.iny ��art �,f thr c�Frcrd fccs and chargcs,accrucci intcrc,t an� prinripal shall hcconu � � '�`�_°
<br /> � +�;' immcdiatcly duc and p�ryahlc,aftrr giving notic� if rcquircd by law, upou thc occurrcncc of:i dcfault or an time ��'�--
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<br /> �,,,,,�.rt , thercafter. In addition, I.cnder shall hc cntitled to all the remedics provided by law, thc terms c�f thc Scrured Debt, � `ei����
<br /> ;,,,,,.,,,.+.�.; ihis Sccurity Instrumcnt and any rcl.�tcd documcnts,including without limit�tion,thc powcr to scll thc Property. �:=.
<br /> � If thcre is a default.Trustcc tihall.in addition to any other permitted remcdy,at thc rcqucst of thc Lcnder,udvertisc ��:-
<br /> and scll thc Pruperty as a whalc c�r in scparatc parcels at public�iuction to thc hi�hctit biddcr ior cash and convc N �°=—
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<br /> absolute title frcc and cicar af all right, titic iind intemst of Grantor at such time and place as Trustce designatcs. � µ+•_ _,____
<br /> •. Trustec shall give noticc o[sule including thc time,terms and place c�f sale and�etescription of the property to br sold `
<br /> , as requircd by thc applicahlc law in cffcct at thc timc of thc proposcd sala Ir r--
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<br /> Upon sale of the property and to thc extent not pr�hibited hy law,Trustce shall makc and dclivcr�dccd tc�thc Property W �:w��;,•�•-
<br /> sold which convcys;�bsolutc tidc to thc purchascr,and uftcr fir�t paying all fccx,chargcs and costs,shall pay to Lcnilcr aU `i'''"'
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<br /> moncys advanccd for repairs,taxcs,insurancc,licns,asscssmcnts and prior cnGUmhranccs und intcrest thcrccm,�nd thc =-_-
<br /> ^ principal and intcrest on thc Sccurcd Dcbt,paying thc surplus,if any,to Grantor. L�:ndcr may purch.isc thc Property. - ^
<br /> � ;: � Thc recitals in any deed c�f conveyance shall bc prima Facie evidence o[the facts set fnrth thercin. �^
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<br /> � All rcmedies an distinct,cumulative and not cxclusive,and the 1.endcr is cntiticd to�II mmedics providcd at law or �•-�.--__
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<br /> s e uit ,whether or not ex ressl sct forth."I'he accc tance b Lender af an sum in d ment or artial a mcnt on thc: .,.
<br /> - Secured Dcbt after the halanee is duc or is acccicrxted c�r after foreclosure proceedings are filed sh�ill not constitute a �
<br /> waivcr of Lcndcr's right to rcyuirc complctc curc��t'any c:xisting default.By not cxcrcising any rcmcdy on Grantor's �_:":�`��
<br /> �r�. default, C.ender does not waive Lr.nder's right to later consider the rvent a default if it continues or happens again. �.,��
<br /> 16. LXPENSES; ADVANCES QN COVGNAJ�iT5; ATTORNEYS• FEES;COLLF.CTION COS'CS. Exccpt whcn --
<br /> �. prohibitcd by law,Grantor agrecs iu pay all of Lender's expcnscs if Grantor brcaches any covenant in this Security ��o
<br /> Instriiment.Grantor will also pay on demand any�amount incurred by L,cndcr fc�r insuring,inspccting,preserving or
<br /> r athenvisc protccting thr Property und Lendcr's scciarity intcrest.Thcsc expenscs will bcar inccrest from thc datc of
<br /> �� thc Payment until (+71d in full nt thC hlghe;l 'tntCCCSt ratc i�t �ffcct a� }nu�ialcJ iii llie Ici�u�uf l6� Scru�cJ Dcbt. -�J
<br /> Grantar agrecs to pay all costs�nd rxpcnses incurred by Lender in collecting,enforcing or protccting I.cnder's rights
<br /> _,____ : _.� and remcdics undcr this Sccuritv Instrumcnt.This amount mey includc.hut is no� limir�•ci r�,�rt„r�,.•��• [..,.�,�n�;�;
<br /> costs,and othcr legal expenses.This Security Instrument shall remain in effect until relcased. Granlur�agrces to pay
<br /> � for any rccordation costs of such rcicasc.
<br /> � 17. ENVIRONMGNTAL LAWS AND HA?,ARUOUS SUI3STANCES.As uscd in this sectiun,(l)Environmcntal Law
<br /> � means,without limitation,thc Comprchcnsivc Environmcntal Rcsponsc,Compcnsation and Liability Act(CERCLA,
<br /> 42 U.S.C.96O1 ct scy,), and all othcr fcdcral, stt►te and local laws, rcgulations, ordinanccs, cc�urt ordcrs, attorncy
<br /> ' . gcneral opinions or interpretivc lettcrs conccrning the public hcalth,safcty, wclfarc,environment or a har.ardous
<br /> substancc;and (2) Hazardous Substancc mcans any toxic, radioactivc or hazardous matcrial, wastc,pollutant or
<br /> contaminant which has charactcristics�vhich rcndcr thc substancc dangcrous or potcntially dangcrous to thc public
<br />: •�, hcalth,s�fcty,wclfare or environment,Thc trrm includes, withaut limitation, any su�stances defined as"ha•r.ardous
<br /> � matenal,""toxic substances," "hnzardous waste"or"har.ardous substance"under any Environmental L.aw.
<br /> � Grantor represents,warrants and agrecs that:
<br /> " A. Except as previously disdosed and acknowlcdged in writing to Lender, no Hazardous Substance is c�r will be
<br /> locatcd, storcd or rcicascd on or in thc Properry. "I'his restriction does not apply ta small yuuntitics of
<br /> ' Hazard.�us Substances that are gener�lly recognixed to be appropri�tc for the normal use and maintenance of
<br /> thc Property.
<br /> � B. Except as prcviously Jiscloscd and arknowled�ecd in writing to Lendcr,Grantor and cvcry tcnant havc been,arc, -- -
<br /> � and shall rem�in in fuU compliancc with any applicablc Environmcntal Law. �_�
<br /> C'. Grantor shall immediatrly notify Lendrr if a releasc or threatened releasc of a Hazardous Subslancc occurs on, �-��
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<br /> � undcr ur about thc Property ur thcrc is a violation of any Environmcntal Law conccrning thc Property.In such �;:.'
<br /> .. an evcnt.Grantor shall tak�all neccssary rrmedial action in arcordance with any Environmental Law.
<br /> ' �,, U. Grantor sh,ill immcdixtcly notify Lcndcr in writing ;is soon as Grantor has rcason to hclicvc thcrr is any =____
<br /> pcnding or thrcatcncd invcstig.ition,daim,or procrcding mlating to thc n;lcasc or thrcatencd rrlcasc of any
<br /> � Haxardous Suhst:�ncc or thc violation of any Em-ironmcntal L.►w.
<br /> 18. CONDEMNATION. (�rantor will givc I.cndcr prompt noticc of any pending c�r thrcatcncd action, by privatc or •+:�=�=:.
<br /> • puhlic entities to purchasr ur take nny or:dl uf tUc 1'roperty thrc�ugh condemnatiem, eminent domain,ar any other '�.:;;�„�;._
<br /> m�ans.Cirantor authorir.cs Lrndcr to intcrvcnc in Grantor's namc in any uf thc ahc�vc describcd nctions or claims. -
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