��1 5�7�4�
<br /> '�6. EXPENSE5;ADVANCES�N C�VENANTS;ATT�RNEYS'FEES;C�LLECTI�N C45T5.Exc�pt
<br /> when prohibit�d by law,Trustor agrees to pay all af Benefic�ary's expenses if Trustor breaChes any co�enant
<br /> in this Security�nstrument.Trustor will also pay on demand any amaunt incurred by genefi�iary for
<br /> insuring,inspe�ting,presen►ing or otherwise prvtecting the Property and BQneficiary's se�urity interest.
<br /> These expenses will bear interest from the date of the payment until paid in full at the highest interest rate in
<br /> effe�t as pra�ided in th�terms af the Se�ured Debt.Trustor agrees to pay all��sts and expenses incurred by
<br /> Bene�i�iary in col�etting,enfvrcing or protecting Benefi�iary's rights and remedies under this Secu�ity
<br /> lnstrument.This amount may in�lude,but is not iimited to,attorney�'fees,�nurt costs,and other lega�
<br /> expenses.This 5ecurity Instrument shall remain in e�fect until released.Trustar agrees ta pay far any
<br /> recordation casts of such release.
<br /> "17, ENVIR�NMENTAL LAWS ANQ HAZARDaUS SUgSTANCES.As used in this se�tion,��}
<br /> En�ironmenta�Law means.without lirnttation,the C�mprehensive En�iranrnental Respvnse,Campensation
<br /> and Liability Act�CERCLA,��U,S.C.96D1 et seq.},and all ather federal,state and Io�al laws,regulati�n�,
<br /> ordinances,cvurt orders,attarney general apinions or interpreti�e Eetters con�erning the publi�health,safety,
<br /> welfare,en�ironment or a hazardous�ubstan�e;and(2)Hazardous 5ubstance m�ans any tax�C,rad'roaCtive ar
<br /> hazardous material,waste,polfutant�r contaminant which has characteristics which ren�er the sub�tance
<br /> dange�au�or potentially dangeraus tv the public health,safety,welfare ar en�ironment.The term inc�udes,
<br /> with�ut lirnitation,any substances defined as"hazardous material,""toxic substance�,""hazardaus waste"or
<br /> "ha�ardous substanc�"under any Environmental Law.
<br /> Trustflr represents,warrants and agrees that:
<br /> A. Except as pre��ously disclo�ed and arkn�wledged in writing ta Beneficiary,na Hazardous Substan�e is
<br /> vr wil!be located,stored❑r released on ar in the Praperty.This restric�ion dves not app�y to srna11
<br /> quantities of Hazardaus Substances that are generally r�cognized to be apprapriate for the narmal use
<br /> and maintenan�e❑f the Propert�.
<br /> B. Except as previously dis�lased and acknowledged in writing to Beneficiary,Trustor and e�ery tenant
<br /> ha�e been, are, and sha11 remain in full compliance wit�l any applicab��En�ironmental Lavv.
<br /> C. Trustor shafi immediately notify Beneficiary if a relea�e or th�eatened release�f a Hazardaus Substance
<br /> a�curs on,under ar abaut the Property or there is a�i�lation�f any En�ironrnenta!Law eancerning the
<br /> Property.In such an e�ent,Trustvr shall take all n�cessary remedial actian in accordance with any
<br /> En�iranrnental Law.
<br /> ❑.Trustor shall imrnediately natify Beneficiary in writing a$saan as Trustor has reason ta belie�e there is
<br /> any pending or threatened in�estigat'ron,claim,or prviceeding relating�v the release or threatened
<br /> re�ease af any Hazardous 5ubstance or the�io�ation❑f any En�ironmental La�v.
<br /> "18. C�NDEMNATI�N.Trustor will give Beneficiary prornpt notiee of any pending or threatened action,by
<br /> private nr public�ntities Co pur�hase❑r take any vr a!I af the Property through condemnation,eminent
<br /> domain,or any�ther means.Trustor authori�es Beneficiary ta inter�ene in Trustar's narne in any of the
<br /> abv�e descrEbed actions�r claims.Trustor assi�ns to Benefi�iary the praceeds of any award or elairn for
<br /> darnages connected with a condemnation ar other taking af all or any part nt the Property.5uch prv�eeds
<br /> �hal�be considered payments and wiil be applied as pro�ided in th�s 5�curity Instrument.This assignrnent of
<br /> proceed�is subject to the terrns vf any prior mortgage,deed af trust,secu rity a�reement or other I i�n
<br /> do�ument.
<br /> '19. INSURANCE.TruStor shall keep Property insured against Ivss by fire,floo�i,theft and other hazards and
<br /> risks reasonably assa�iated with the Property due to its type and locat�on.This in�uranee�hall be maintained
<br /> in the amounts and far the periods that Benefiriary requires.VVhat Beneficiary requires pursuant to the
<br /> preceding two sentence�can change during the terrn ofth�Secured Debt.The insurance carrier providing the
<br /> insuran�e 5hall be chosen by Trustor subjeet ta Benefieiary's appraval,whi�h shall not be unreasonably
<br /> withheld.If Trustor fails to rnaintain the�o�erage described abave,Beneficiary may,at BeneficEary's apt�on,
<br /> obtain ca�erage t�protect Beneficia�y's rights in the Property ac�arding to the terms vf this S��urity
<br /> Instrument.
<br /> �page 5 af 7
<br /> _1994 Walters lC�uwer Finantial Services-Bankers Systems �` Fvrm U5B-RE�T-NE 1711 fa1�Q']�
<br />
|