Z�15�51�1
<br /> ��, l�E�iE����, �n or a��er the �ccu�rence c�-� an Even� o�r De#ault, Lende�- ��ay use a��y and a!1
<br /> remed�e� Le�der has under sta�e or �edera� law or in any da�ument r��ating ta ��e 5ecured
<br /> Qeb�S, �nclud�ng, wi�hou� �imr�a��on, �he pawer �o se[I the Property. Any am�un�s ad�anced on
<br /> Gran�or's beh�l� witf be immedia�e�y d�e and may b� added �ta the ba[a�c� flwing unde� �h�
<br /> S�cu��d �ek�ts, Lender may malce a clairr� �or any and all ���su�an�e bene�i�s �r �-efunds �ha�
<br /> n�ay be a�ailable on G�antor's de�aul�.
<br /> 5ubjec� ta any righ� to �ure, rec�uired ��me schedules or any a�he� n�ti�e �1g���5 �rantar may
<br /> ha�e u�der federal and sta�e 1aw, Lende�- may ma��e all �r any part a� �he arr�oun� ov�ring by �he
<br /> �erms o� t�� �e�ured Debts irnr�e�ia�ely due and foreclos� �his 5e�ur��y 1ns��ur�tcn� �n a manner
<br /> pravided by �aw upan �f�e o�currence o� an Ev�n� o� D�faul� ❑r ar�yt�me fihereaf�er,
<br /> !� �here is ar7 occur�en�e af an E�en� ❑f �e�au��, Trus�ee wi�l, in �ddition �❑ �ny o�her pe�mi��ed
<br /> �em�dy, at �he reques�t �f Lender, ad�er�ise and s�ll �he Pr�p�r�y as a viri�ole �r in separ��e
<br /> pa�ce[s a� pub��c auc�ion �❑ the �ighest ��dder fo� cash. Tr��stee wili gi�e n��ice o� sale
<br /> in�luding ti�e ��me, �e�ms and plac� �� sale and a desc�ip�ion �� �he P�aperty to be so�d as
<br /> requ�red �y �i7e appli�ak��e lavv in ef�ect a� �he tim� �� �he pr�posed sa�e.
<br /> �fl the extent r�o� pra�ih�ted by law, Trus�ee wi[[ app�y �he proceeds ❑� the Property's sale in
<br /> �he �o[I�wing order: �o all �e��, c�a�ges, cos�s an� expenses o� exerc�sing the p�we� of sa[e and
<br /> t��e sale; ��� Lender �ror all a��ances made �or re�airsr t�xes, �nsuran�e, �i�ns, assessments and
<br /> prinr encumb�ances and inter�st ��ereon; -�❑ �he Se�ured Deb-ts' p��n�ipal and ir��erest; and
<br /> paying any surplus as r��uired �y law, L��d�r �r- i�s des�gn�e may pur�h�se �he Prop�r�y,
<br /> Upan any s�le ❑f ��e Proper�ty, Tr��s�ee w��� ma[ce and deli�er a �r��stee's deed �ha� ��n�eys a��
<br /> r��ht, ti��� and in�eres� �o t�� P�oper�y �ha� was sfl�� to -��e purchaserts�. The rec'r�als in any
<br /> deed ❑� con�eyanc� wil[ be prima facie e�idence o� �h� �acts se� �or�� �herein.
<br /> Af1 rer�edies ar� d�stinc�, cumulat��e and nat �?�C���SfV�, and Lender 15 en�i��e� to a�� ren�edies
<br /> pr�vided at law �r ��ui�y, whe�her- or not expressly set far-�h. Tf�e a�cep�an�e �y �ender o� any
<br /> sutr� in payment ar par�ial paymen� 4n �h� Secur�� l�ebts a��er �he 1�a�an�e is due �r is
<br /> accelerated fl�r af�er �orec(t�sure pro�eec�inc�s are filer� vvill ��a� ��nsti�u�e a v�raiver ❑� Len�er's
<br /> �igh� to require full �nd �omp�e�e cure ❑� any ex�s�inc� �efa�.���, By na� exercising any r�m�cly,
<br /> Lender d�es na� wai�e Lender's righ� �a �a�er cflnsic���- ti�e ev���� � d�fault if �� co���nues or
<br /> happens ac���n.
<br /> '�7, ��LLE�T'[�� ��F�E��E� AiV�] �T�'�f��EY�' FEE�. �n or �f�er �he ❑�currence o� an ��ent
<br /> a� C7e�au��t, �Q �he ex��nt perrnit�ed �y law, Gr�n��r a�rees �o pay a[� expens�s o� �ol��c�ion,
<br /> enfarcerr��n�t, valua�ion, appra�sa� ❑r protection a�f ��nc�er's righ�s and remedies un��r thi�
<br /> �ecu�it� �nstrument �r any o�her docurr�er�� re�a�ing t� the 5ecu�ed ��b�s, Grant�r agrees to
<br /> p�y exper�ses #or ��Pnder t� inspec�t, Wa[uate, �ppraise �nd preser�� �h� Pr�per�y and for any
<br /> �eco�dation �os�s a� rel�asfng the Property �rflr� tl�is Secur�ty �ns�rru�nen�. Expenses inc�ude,
<br /> bu� are no� limi�ed tfl, a��orneys' �ees, co�.��� casts and ��her [egal expenses, Tf7�se �34�3e115�5
<br /> are du� and paya�le imr�nedia�ely, If nat paid immed�a�e�y, ��ese expenses vu��� bear �nteres�t
<br /> �rr��� �he cl��e ❑�f �aymen� unt�� paid in �u11 a� �he h�ghest ir��eres� rate in e��ect as pro�ided �o� in
<br /> �he �e�r�s o� �he Secu�ed Deb�s. Ir� add�t�anf �o �he ex�en� permi�t�d �y �i�e Uni���d Sta-te�
<br /> B�nlcr��p�cy Cod�, Gran�or agr�es �a pay the reas�nab[e a��orneys' fees i��u�red �y �en�er ��
<br /> pro�ec� Len��r's rigl��s and interes�s �n connec�ion wi�h any banlcruptcy praceedings ir��t�a�ed �y
<br /> �r �gainst �ranta�,
<br /> �8. E�11�����Vf1li��T'�L �.,��� �,�L� 1H������3C�� ����T'►4�U�E�. A� used in �his sec��on, {�}
<br /> Enviranmental Law mea�s, w�thou� limi�ati�n, �f�e Compre��ensi�e En�ironment�l Respanse,
<br /> �ar�pensation and �ial�ility Ac� �CEPCLA, 42 U.S.�. 9��1 e� se��.�, a�� otf�er �ederal, sta�e and
<br /> loca� laws, regulati�ns, o�d�nan�es, ca��r� arders, a���rney �ener�� ❑pin�ons or interpr��ive letters
<br /> concerning ���e public ��ea��l�, sa�e�y, v�relfar�, �nviranmen� ❑r a ha7ardous su�s�ar��ef an� ��}
<br /> F�azarciaus 5u�s�an�e means any �axic, radi�act��e ar ��zar�ous ma�eri��, viras��, pollu�an� ar
<br /> c�n�aminan� �nr��icl� ��as �ha�-a��eris�i�s vvh�c� render t�e �ubstancP dan�erous �r p��en�ia[ly
<br /> dangerous �o �he pub�ic hea1��, sa�e�y, welfare or en�ironmen�. Th� term �nc�udes, withau�
<br /> �imitat�an, al�y su�s�an�es defined a� "hazardflus rnateria�," "��x[c substanc�," "l�azardo��s
<br /> was�e," "�azard�us subs�tan�e," �r "regu[ated suhs�ance" undcr any Envi�-o�men�tal Law�
<br /> �ran�ar repres�nts, vva�rants and ac�rees t}�at:
<br /> �. Excep� as pre��ously discl�sed and acl�noWvledged in wr��ing -tfl Lender, na 1-[azardaus
<br /> Subs��nce �as b�enF is, �� w��� he loca�ed, �ransp�rte�, manu�fac�ured, �reated, re�ir�ed, or
<br /> ���nd1e� k�y any pers�n on, under or about �h� P�flper�y, ex�e�t in ��e ard�t�ary �aurse ❑�
<br /> �usiness and �n s�ric� camp�i�nce with a�� �p�licable En�ironme�ta� Law.
<br /> �. Excep� as pre�iou�ly dis��as�d and acl�novv�edged in writing �o L�nder, Gran�or h�s na-�
<br /> and v�rill r��t cause, �ontribute ta, ❑r perrr�it �he r��ease of any !-�a�ardaus Suf�stance on ��e
<br /> Prflper�y.
<br /> �. Gran�Qr w��� imm�dEa�ely n�t�fy Lend�r if ��} a r�lease ❑r threa�ened re�ease o�F Ha�a�dous
<br /> �ubstance occurs on, under ar ai�ou� ��e Prape��y ar migra�es ar threatens ta migra�e �rom
<br /> nearl�y �raperty; or ��� the�e is a �io�ation �� any En�ironmen�a! Law ��n�e�ning �he
<br /> ftanald�Devall �
<br /> Ne�r�si<a❑�eci❑f Tr��st Initi�f�'�°"�
<br /> N�f4CTV111B�LLaD00�n��0�557�fl19N Wal��rs Kluvver Finan�iai 5�r�ic�s '1995, �D15 Banlc�r� Pag�5___.�
<br /> S y s te m s�F� .�,�� �„�...-.
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