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<br /> � 98- i12ss�
<br /> 15. REMEDIF,S ON D�FAULT. In sonx inst��xes, federal ancl stute IWw will require Be��eticiary ta� provide Truswr with
<br /> nodce of the right to cure ar other nntices a�xl may establish time schedules for ft�reclosure actions. Suhjei:t t�� these
<br /> limitation�, if any, Be►►eficiary uu+y acceleratc the Secured Debt a�xl forc�:lo.�e this Security Intitn►ment in a mam�er
<br /> provlded by law if Trustae is in default.
<br /> At tho option of Beneficiary, all or any part of tl�e agreod fees and chxrges, uccrued intcrest and prirK:ipal shall t�ecome
<br /> immecliately due and payable, Hfter givmg notice if required by law, upon the a:currence of a default or anytinie
<br /> therexfter. Ip ncldidan, Beneficiary siull be enatled to Yll the remedies Provide�l by l�w, the temis of thc Secured Deht, �
<br /> this 5ecurity Instrument And any nlated docun�ents,includjng without limitaaon,the}x�wer to sell the Property.
<br /> If there is a default,Tnuta shall, in addiuon to any other pem�itted remecly, at the request of the Beneticiary.advettise
<br />- atut sell the Property as a whole or in separate parcels at public auction to the highest bidder for cash and convey absolute
<br /> dtle f�e ana clear of ali dght, tide and interest of Trustor at such time aixl place as Tcusta desigiutes. T�ustee shall give
<br /> notice af sale including the time,taims an�l plece of sale ancl a descripdon of the property ta be suld as required by the
<br /> applicable law in effect at the dme of the prupoxd sal�.
<br /> Upon salc of the property und to the extent nat prohibited by law.Trustee shall make ancl deliver a dced to the Prc�erty
<br /> sold which conveys absolute title to the purchaser, and after first paying all fees, charges and costs, st�all pay to
<br /> Beneficiary all moneys advancal fer repairs, ta�ces, insurance, lien�t, �ssessmrnts aM prior enc:umbrances and interest
<br /> thereon, and thr, principa1 and intecat on the Secured Debt,paying the surplus, if any, to Trustor. Beneficiary may
<br /> purchase the Property.'rhe recitals in�ny deed of conveya�e shall be prima facie evldence of the facts set forth therein,
<br /> All remedies are disdnet, cumuladve uxl not exclusive,a�xl the Beneficiary is endded to all remedies�rovided at law or
<br /> equiry,whed►er or not expressly set forth.The ncceptance by&peficiary o:F any sum in payment or�rt�al payment on the
<br /> Secur�d Bebt after the balance is due or is accelerated or after foreclosure proceedings xre fikd shall mt consdtute A
<br /> waiver of Benefici9ry's right to require cumplete cuxe of any existing default. By not eaercising any remedy on Trustor's
<br /> default, Beneficiary does not waive &neficisuy's right to later considcr the event a default if it condnues or hAppens again.
<br /> 16. EXPENSES; ADVA�ICES ON COVENANTS; A7TORNEYS' FEFS; COLI.ECTION COSTS. Bxcept when
<br /> pmhibiteci by inw,Trustor agras to pay all of Beneficiarv's ezpenses if Tcustor braiches any coveuant in this Sautity
<br /> Instrument. Tiustor wlll also pay oa demancl any wnount i ucurrocl by Beneficiary for insurin�, inspecdn�, preserving ar
<br /> othawiss protxdc►�the Property and BeneficiAry's security interest.These expeases wlll bear interest fcocn the d�te of tl�e
<br /> pAyimnt untll paid ia full�t the hig�est interest rate in effect as provided in tha tem�s of the Securui Debc.Trostor agtees
<br /> to ps all costs aad expenses incueced by Beneficiary in collecdng, �nforcing or protec.dng Bcneficisuy's rights xt�d
<br /> re�ies under this Sccurity Tnsuument.This amount may include,but is mt limited to,attorneys'fees,court wsts, and
<br /> uiLei leg�,t ���.�. 'Ibi� �x�r�t;In`•»^-�m"-Q'• � ati r�main in tffect ttntil releasai. Tnutor agrees to pAy for any
<br /> recordnuon costs of such release.
<br /> 17. ENVIRONI►�NTAL I.AWS ANA HAZARUOUS SUBSTANCES. As used ia tlus socdon, (1) Bnvironmental J.Aw
<br /> mr,an�, without limitation, the C�rnprebe�sive Snvirorunental Response, Compeasation and Liability Act(CfiRCLA, 42
<br /> U.S.C. 9601�t seq.), and all other federal. swte aixl local laws. cegulauons, ordinauces, court orders,attorney geneial
<br /> opinions or lnterpteuve letters couceming the public uealth, safety,welfare,onvironment or a hazudous substar�ce;aa1(2)
<br /> Harardous Substanct ineanv any tozic, radiw►cdve or Lazardous material, waste, pollutant or contaminant w}uch ha9
<br /> chuacteristics wt►ich render the substanc� dangerous ur poteutially du�gerous to she public health, safety, vvelfare or
<br /> emlmffi►ent.The term iacludes, wi�►out limitaaon, aay sutuu►vees defined as "hazardous mAtetial,' "toxic substances," -
<br /> "baz�rdous waste"or "luwudoas substance"wxler any Bnvironmental Law.
<br /> Tivstor cepresents,warrants and agr� that:
<br /> p,gxcept as pre�rlously disclosed and acknowledged in writing to Beneficiary, no Hazudous Substac�ce is or will be
<br /> locRted, storal or xeleased on or in the Prop�ny. 'This cestnction does not apply to small quandties of Har�rdous
<br /> Subswices thut ace generally mognized to be apprupriate for the norm$1 use and maintenanc�of the Property.
<br /> g,gacept as previously clisclosalu�d acknowledged iu wriAng to Beneficiary,Tnutor�ncl rvery tenant have been,are,
<br /> and sf�9i11 reroain in full compli�nce widt any a�plicable Bnvironmental Law.
<br /> C.Tnutor shall immediately notify Bene6ciarY if a release or threatend release of a Hazudous SubsYance occur�on,
<br /> uncler ox abaut the Proputy a tlxre is a violudon of any Envirownentwl Lxw concernin8 the Propeny. In such�n
<br /> event,Trustor shall take all n�cessary remeclial acdon in accorciavice with anY Bnvironmental Ia►w.
<br /> D.Trustor shall immedintely noti(y.Beneficiary in writing as soon as Trustor hAS reason to b�liae there is any�xndi»g
<br /> or thnatened invesdgat�on, clauu, or proc.eeding relating to tl�e nloase oz threate�d iolease of xny HazArdous
<br /> Subst9nce or the violauon of any Bnvironmental Law.
<br /> 18. CONDEMNATION.Tnutor will give Beneficiary prompt notice of any pencling or threatened action,by private or public
<br /> — entities ro purchase or take any or all of the Propeny through conclenuiauon,eminent domain,or any other means. Tnutor
<br /> /] � (iT-16•2 90(11 f971 Ipsq�4 of 6)
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