|
��15�58��
<br /> �
<br /> 15. Ei(PENSES;A�VANCE5�N C�VENANTS;ATT�RNEYS'FEES;C�LLECT��N C�STS.Except
<br /> when prohtbited by law,Trustor agree�to pay ali af Beneficiary's expenses if Trustvr breaches any�a�enant
<br /> in this 5ecuri�y Instrurnent.TruStor wi�l aiso pay on demand any amount incurred by Benefi�iary for
<br /> insur�ng,�n�pe�ting,preservEng or otherwis�prvte�ting the Property and Bene�iciary`s security interest.
<br /> These expense�will bea�intere�t�rorn the date af the paymen�until paid in full at the highe�t intere5t rate in
<br /> effect as pro�ided in the terrns of the Secured Debt.Trustor agrees to pay ail casts and expenses incurred�y
<br /> Benefieiary in�olle�ting,enfor�ing or proteeting 6eneficiary's rights and remedies under this Se�urity
<br /> InStrument.This amount may inelude,but is not�imited ta,attorneys'fees,caurt costs,and other�egal
<br /> expenses.This Security Instrument shalf rernain in effect until released.Trus��r agrees to pay far any
<br /> re�vrdativn costs of su�h release.
<br /> 7 7. ENVIR�NMENTAL LA�IV51dlND HAZI�RD�US SUBSTANCES.As used in this section,{1}
<br /> En�ironm�nta!Law means,withaut lirnitation,the�amprehensi�e En�ironmental Resp�nse,Campensati�n
<br /> and Liability A�t��ERCLA,4�U.S.C.96�1 et seq.�,and all vther�ederaf,state and Iocal laws,regulations,
<br /> vrdinance5,court orders,attarney general opinians or interpr�ti�e letter5�on�ernin�the public health,safety,
<br /> welfare,en�ironment ar a ha�ardous substance;and t2�Hazardou�Substanre means any toxic,radiaacti�e or
<br /> hazardous material,waste,pvllutant flr�ontaminant whi�h has characteri�tics which render the 5ubstance
<br /> danger�us ar potentially dangeraus to the publi�heafth,sa�ety,welfare❑r en�ironrnent.The term includes,
<br /> wi�hout limitatian,any substan�es defined as"hazardous rnateriaf,""t�xi�substances,""hazardous waste"❑r
<br /> "ha�ardvu��ubstan�e"under any En�ironmenta!Law.
<br /> Trustar represents,warrants and agrees that:
<br /> A. Except as previou5ly disclosed and a�knowledged in writing to Benefic�ary,nv Hazardaus Sub�tance is
<br /> or will be lacated,stvred�r relea�ed vn or in the Property.This restri�tion doe�not apply ta 5rna11
<br /> quantities a�Hazard�us Suhstance�that are generally re�ognized ta be apprvpr�ate for the nvrmal use
<br /> and maintenance vf the Property.
<br /> B. Except as previously disclased and a�knawledged in writing to Beneficiary,Trustvr and every tenant
<br /> have h�en, are, and shall remain in fu11 compliance vvith any applicable En�ironmental Law.
<br /> C, Trustar shall immediately notify BenefiC�ary if a release ar threatened release of a Hazardous Substan�e
<br /> o�Curs on,under or abvut the Praperty vr there is a�iolation of any En�ironrnental Law cancerning the
<br /> Property.In su�h an e�en�,Trustor shall take all ne�essary remedial artion in accordance with any
<br /> En�irvnmental Law.
<br /> D.Trustvr shaE!immediat�ly notify Beneficiary in writing as soon as Trustar has reasan to belie�e there is
<br /> any pending or thr�atened investigation,�fairn,ar proceeding relating ta#he release vr threatened
<br /> release vf any Hazardous 5u�stance or the violation of any Enviranmental Law.
<br /> �8. C�NDEIVINAT��N.Trust�r wil!give Beneficiary prornpt notice vf any pending vr threatened ac�ion,by
<br /> prrvate or publit entities to pu�chase or take any ar al!of the Property thraugh condernnation,eminent
<br /> domain,ar any other means.Trustor autharizes Beneficiary to int�rvene in Trustor'�namQ�n any�f the
<br /> abave described a��ions or c�airns.Trustor assigns tv Bene�c�ary the prac�eds of any award or claEm for
<br /> damages c�nnected with a�andemnation or other�aking of all ar any part of the Property.Such proceeds
<br /> sha�!be cvnsidered payrnents and will be applied as prn�ided in this Security lnstrument.This assignment of
<br /> pro�eed�is subject to the terms vf any prior mortgage,deed of trust,security agreernent or ather lien
<br /> dacument.
<br /> "l 9. INSURANCE.Trustar�hall keep Property insured against loss by fire,flood,theft and�ther hazards and
<br /> risks reasanably asso�iated with the Property due to its type and la�ation.ThiS in5urance shall be maintain�d
<br /> in th�amounts and fQr the periods that Beneficiary requires.INhat Beneficiary requires pursuant to the
<br /> preceding tw�senten�es ean change during the term of the Secured Debt.The in5urance carrier pro�iding the
<br /> insurance shall be cho�en by Trustar subject to Beneficiary's appro�al,which shall not be unreasanably
<br /> withheld.If Trustvr fails to maintain the co�erage described aba�e,Beneficiary may,at Beneficiary's optian,
<br /> obtain�average ta prvte�t Benefiriary'$rights in the Property a��ording tfl the terms of this 5e�urity
<br /> Instrument.
<br /> (p�ge 5 of 7)
<br /> _1994 Wolt�rs Kiuwer Financial Servi�es-Ban#cers 5ysterns * Forrn 1J58-3�EDT-NE 1111512�12
<br />
|