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<br /> � cxcrutcd fur thi�purpurc uf crca�lin�!.+ccuring ur gt�ar:tntying thr ti��urcd 1)ul�l.A ������1 i;iith hclicl hy l.cndcr thnt ,�
<br /> � ta � I,rndcr+it uny timc iy insccurc with respcct tu any pers�m ur cntity uhlig.�tcd un ihc Sccurcd L�cht ur thut thc prusprct A
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<br /> u(�my{�uy�ucitt��r thc valuc u(thc 1'ruperty is imp.�ircd shall�dso cunstitutc;m cvcnt nf dcfault. , .ws:::
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<br /> 15. RH:MI�:I)IH:S UN 1)H:H'AUI:I'. In sumc inst�inccs. f�dcral.�nd �ttitc law will rcquirc Lcndcr tu rruvidc (irantur with �.,.;.�:.
<br /> . noticc of thc right tu curc ar utl�cr noticcs i�nd muy c+tahlish tintc schc�lulc� fc�r furcclusurc ���twnti. Suhjcct to lhcso
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<br /> limitati�m�,if ��i�y. I.rnilrr may� acccicratc thc ���ur�a n�►n and furcrlusc this 5ccurity Instrumcnt m a manner ;.�.v _
<br /> F� � providcd hy law i!(irantur iti in dcttiult. ;"��_-"'��°`
<br /> ' At thc uption c�f lAndcr,all ur any p�+rt uf►hc ugrccd fccs ancl chargcs.<<ccrucd intcrest and principul sh�►II hccomc �_.__.
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<br /> immcdiutcly cluc ;in�l p�ryuhlc. aftcr givin� notire i(roquircd hy I.�w, upun thc urcurrcncc ��t.� dcfault ur anyumc �:z;�
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<br /> ". , thcrcaftcr.In .�ddiliun.I.cndcr shall hr entiticd tu�iU thc rcmcdics prc�viJcd hy law,lhc lcrnts uf thc Sccurcd Uchl. —_--
<br /> ` this Sccurity Instrumcnt and uny rclatcd documcnts,including without limitution,thr powcr ti�scll thr Pruperty. _ -----
<br /> � If thcrc is a dcf�ult.Trustcc shull,in additiun to any othcr perrniucd remcdy, at th.:nyuost uf thc Lcndcr,advcrtise __
<br /> . � and scll thc Property as .� wholc or in scparatc parccls at pul�lic auction to thc highest hiddcr fur c��sh.+nd convcy � - - -- _ -
<br /> absalutc tidc trcc and cicur of all right, titic and intcrest of Grantor at such time and placc us Trustcc dcsignatcs.
<br /> Trustcc shall givc noticc ot salc including thc timc,tcrms and placc of s�lc and a dc�criptiun of th�properry tc�bc suld
<br /> -' as rcyuircd by th�:applic�blc law in cffcct at thc tim�of thc proposcd sulc.
<br /> �� Upon salc of thc properry and to thc extent nat prohibitcd by law.Trustcc shall makc anJ dcliver a dccd tci thc Property �
<br /> � snld which convcys absolutc titic to thc purchascr,and aftcr first paying aU lecs, chargcs and costs,sh.ill p�iy to lAndcr all
<br /> �; moneys advanccd fi�r rcpairs,taxcs,insuruncc,liens,xssessmcnts and prior encumbrances and intcrest thcrcun.and thc
<br /> principal and intcrest on thc Sccurcd Dcbt,paying thc: surplus, if any.to Grantor.I.cndcr may purchasc thc Property. �
<br /> �' Thc recitals in any dccd of cunvcyancc shall bc prima(�cic cvidcnw o(thc fxcts sct forth thcrcin.
<br /> All remedics arc distinct,cumulativc and not cxclusivc,�nd thc Lcndcr is cntiUcd to aU rcmcdics providcd at law or
<br /> cyuity,whcthcr or not cxpressly sct torth.Thc acccptancc by l.cndcr of any sum in���ymcnt or partial paymcnt c�n thc �,..
<br /> '�� Sccured Debt a(ter the balance is due or is accelcrated or after loreclosure proceedings are filed sh�ll not constitute a -
<br /> ,. , waiver of I�;ndcr's right to rcquirc completc curc of any existing default.I3y not excrcising any remcJy on Gruntor's
<br /> dcfault,Lcndcr docs not waivc Lcndcr's right to latcr considcr thc cvcnt a def�uli if it continucs or happcns ugain.
<br /> �. 16. EXPENS'�S; AUVANCCS ON COVENANTS;ATTURMEYS' FEES; COLLECTION COSTS. Exccpt when
<br /> prohibited by law,Grxntor agrccs tu pay all of Iander's expenses if Grantor hrel�hes any covenant in this Sccurity ��
<br /> ,� Instrumcnt.Grantor will also pay on demind any amount incurrcd by Lrndcr for insuring, inspccting,prescrvin�or —
<br /> .othenvisc protccting thc Property and Lcndcr's sccurity intcrest.Thcsc cxrenscs will bear intcrest fram thc dutc of
<br /> _.__-_,._-�-. th�� rnyment until paid in full at thc highest interest rate in cffect as provided in the terms of the 5ecured Dcbt.
<br /> Grantor agrees to pay all wsts and expenses incurred by l.encier in colicctiub.�nforc;ng or pro!�ctinb 1�n��c.r':rights
<br /> and remedics undr.r this Security Instrumcnt.This amount mxy include,but is not limited to,lttorneys' iccs,court _
<br /> � costs,and other Iegal expenscs."This Security Instrument sh�+ll remain in etfect until rcleased,Grantor agrees to pay
<br /> foc any rccordation costs uf such rcicasc. --
<br /> J ' 17. ENVIRONMF.NTAL 1.AWS AND HAZARDOUS SUBSTANCES.As us�d in this scction,(1)Enviroi�mcntal Luw
<br /> means,without limitation,the Comprehensivc Environmcntal Response.Compensation and Linbility Act(CERCLA,
<br />� 42 U.S.C.9601 ct scq.), and all other fedcral, statc and Icxul laws, regulations, ordinances,court orders,attorney
<br /> � , gencral opinions or intcrpretivc Icuars conccrning thc public health, safcty.wclfarc.cnvironmcnt ur a haxardous
<br /> substancc;and (2) Hazardous Substancc mcans any toxic, radioactivr or haturdous ntatcrial,wastc, pollutant or _�__
<br /> wntuminant which has charactcristics which rcndcr thc substancc dangcrous ur potcntially dangcrous to dic public
<br /> hcalth, safety,wclfare or environmcnt.'I'he term includcs,without limit�tion,any substunces defined as "ha•r.ardous
<br /> . , material,""toxic substances,""hazarduus waste"or"ha•r.ardous substance"under any Environmental Lnw.
<br /> �� Grantor rcpresents,warrants and agrces that:
<br /> .�. ' A. Exeept as previously discloscd and acknowledged in writing to Le:nder,no }iazardous Substance is or will be
<br />- locatcJ, storcd or rcicascd on or in thc Property.This restriction docs not apply to small quantitics of
<br /> - ' Hazardous Substances that are gencrally recognixcd to he appropriate for the normal usc and maintenance ot
<br /> thc Properry. ---
<br />- �, . B. Excc�t as previoasly discloscd unJ acknowlcdgcd in�vriting to I.cndcr.Grantor and evcry tcnant havc bccn,arc,
<br /> and shall rcmain in full compliancc with any applicaNlc �nv�ronmentallaiw-
<br /> • • � (', Grantor shall immcdiatcly notify C.ender if a rcicase or threatencd reieasc ot a Har.ardous Suhstancc occurs on,
<br /> undcr or about thc Property or thcrc is a violation of any Environmental l.aw conccrning thc Property.In such
<br /> .in cvcnt.Grantor shall takc all ncccssary remcdiul action in accordancc with a+ny Environmcntal Law. _
<br />- D. C;rantor shall immediatrly notify I.cndcr in writing as soon as Graintor has rcason to bclicvc thcrc is��ny .�
<br /> . ��endin�;or threatenecl investigation,cl�im,or procecding relating tc� thc release ur thre�itened rrlcasc of any __
<br /> ° � E lar.ardc�us Subst.+ncc or thc violation of any Environmcntal Law. �;,�__=�
<br /> 18. CONI)F.MNATION. Grantor will �!ivc Lcnder prompt noticc uf xny pcnding <,r thrratcncd action,by priv,itc ur �__,.:.�_y��
<br /> ' < puhlic cntitics to purchasc or takc uny or all u(thc Property through amcicntnation,cmincnt domain,or any nthcr ..����,
<br /> . ; 1 means. Grantur authuri�es I.cndcr to intcrven�in Grantor's namc m :iny eif the ahovr dcscrihcd actions or claims. �:��-,��,.�_
<br />" � Crantor assi�nti tci l.cndcr thc procccd�ul'any �i�vard or claim for damagrs conncctcd�vith a randcmnation or c�thcr t,"-
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<br /> taking��f all ur any p��rt uf thc Property.Such pnx:ccds shall hc considcrcd�rtymcnts and will l�c applied as pravidcd in :�:r?'��;,;
<br /> _ � this Sccurity Instrumcnt.'1'his atisignmcnt uf}�rcxccds is suhjcct lu thr trrms of any prior martgxgr,dcrd of trust. •_=�;:--
<br /> - I sccurity a�rccmcm ur cithcr licn documcnt. • ,
<br /> 19. INSUI2AN(:E.Grantor shall krcp Property insurcd a�,ainst lo�s hy firc, fl��ud,thcft and c�thcr h.vards and risks
<br /> ' � rcasun�thly associatrd�vith thc Pruperty due tci its ty}�c:ind loca�ion.'this�ntiurancc shall l�c maintaincd in the amuunts
<br /> � �nd fur ihc periuds that Lcndcr rcyuires. Thc insuraucc e�irricr providin�+, tlu insur�incc �hall hc nc��xn hy Grauitar
<br /> . ....t:..... �. t .....1...•.• .. rnv��l whi�'It c�t:��� tIt12 hc unrcxsunublv �vithh�ld. If(irantc�r fill�ti lU 111iUll�illll ��ll' CUVI`�i1f�'l'
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<br /> _ � dcscrihcd c►hovr.L�ndcr may,at Lcndrr's u�+ticm,i�htain ruvcragc tu rrotcct Lrndrr's r��nts in rnc rro�,cny accu��ii��g
<br /> i to thc tcrms uf this S�rurity In�trumcnt. ,.
<br /> � l�ll in�urancc pulicirz and rrnc«�als sh.�ll hc arcrplahlc tc�L�nJcr and til�all inclucic a stan�lar�l"murtE,a�r rl;iusc and.
<br /> ; whrrr ,�nni��ahk."Ic,s�paycc clausc.° (irantur shall immc�li�urly nulif��I.�ndcr uf r.inccllatiun ur tcnninati�m��I' thr
<br /> � f insurancc. l.cnJrr tihall havc thr ritiht tci hul�t thc pulirir,ancl rcnr��•.ils.If I.rndrr rcyuirr�,(�r:+ntu� .hall immcdiatcl��
<br /> �;ivc t�� Lcn�lrr all rcrriptti c�f p��id��rcmiums and renc�v:il nuticr�.[i�,un I�,��.(�r:uitur�h.ill �ivr imnicdiatc nutirc to
<br /> . thc insur;incc carrirr and I.rndrr.Lrn�lcr may m:ikr pr�x�f uf lutis if nu�m�+cir im��ir�lialrly hy�(ir,uit��r.
<br /> _ i (Paga 3 ot 41
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