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<br /> � 16. EXPENSES;ADVANCES ON COVENANTS;ATTORNEYS'FEES;COLLECTION COSTS.Except
<br /> when prohibited by law,Trustor agrees to pay all of Beneficiary's expenses if Trustor breaches any covenant
<br /> in this Securiry Instrument.Trustor will also pay on demand any amount incurred by Beneficiary for
<br /> insuring,inspecting,preserving or otherwise protecting the Property and Beneficiary's securiry interest.
<br /> These expenses will bear interest fram the date of the payment until paid in full at the highest interest rate in
<br /> effect as provided in the terms of the Secured Debt.Trustor agrees to pay all costs and expenses incurred by
<br /> Beneficiary in collecting,enforcing or protecting Beneficiary's rights and remedies under this Securiry
<br /> Instrument.This amount may include,but is not limited to,attorneys'fees,court costs,and other legal
<br /> expenses.This Security Instrument shall remain in effect until released.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)
<br /> Environmental Law means,without limitation,the Comprehensive Environmental Response,Compensation
<br /> and Liability Act(CERCLA,42 U.S.C.9601 et seq.),and all other federal,state and local laws,regulations,
<br /> ordinances,court arders,attorney general opinions or interpretive letters concerning the public health,safery,
<br /> welfare,environment or a hazardous substance;and{2)Haza�dous Substance means any toxic,radioactive or
<br /> hazardous material,waste,pollutant or contaminant which has characteristics which render the substance
<br /> dangerous or potentially dangerous to the public health,safety,welfare or environment.The term includes,
<br /> without limitation,any substances defined as"hazardous material,""toxic substances,""hazardous waste"or
<br /> "hazardous 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 Enviranmental Law.
<br /> C. Trustor 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 /> D. Trustor shall immediately notify Beneficiary in writing as soon as Trustor has reason to believe there is
<br /> any pending or threatened investigation,claim,or proceeding relating to the release or threatened
<br /> release of any Hazardous Substance or the violatlon of any Environmental Law.
<br /> 18. CONDEMNATION.Trustor will give Beneficiary prompt notice of any pending or threatened action,by
<br /> private or public entities to purchase or take any or all of the Property through condemnation,eminent
<br /> domain,or any other means.Trustor authorizes Beneficiary to intervene in Trustor's name in any of the
<br /> above described actions or claims.Trustor assigns to Beneficiary the proceeds of any award or claim for
<br /> damages conneded with a condemnation or other taking of all or any part of the Property.Such proceeds
<br /> shall be considered payments and will be applied as provided in this Security Instrument.This assignment of
<br /> praceeds is subject to the terms of any prior mortgage,deed of trust,security agreement or other lien
<br /> dacument.
<br /> 19. INSURANCE.Trustor shall keep Praperty insured against loss by fire,flaod,theft and other hazards and
<br /> risks reasonably associated with the Property due to its type and location.This insurance shall be maintained
<br /> in the amounts and for the periods that Beneficiary requires.What Beneficiary requires pursuant to the
<br /> preceding two sentences can change during the term of the Secured Debt.The insurance carrier providing the
<br /> insurance shall be chosen by Trustor subject to Beneficiary's approval,which shall not be unreasonably
<br /> withheld.If Trustor fails to maintain the coverage described above,Beneflciary may,at Beneficiary's option,
<br /> obtain coverage to protect Beneficiary's rights in the Property according to the terms of this Security
<br /> Instrument.
<br /> (page S ol7)
<br /> _1994 Wofters Kluwer Financial Servlces•Bankers Syslems ' Form USB-REDT•NE 1�/16/2012
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