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201700781
<br />provided by law if Trustor is in default. In some instances, federal and state law will require Beneficiary to
<br />provide Trustor with notice of the right to cure, or other notices and may establish time schedules for
<br />foreclosure actions. Each Trustor requests a copy of any notice of default and any notice of sale thereunder be
<br />mailed to each Trustor at the address provided in Section 1 above.
<br />At the option of the Beneficiary, all or any part of the agreed fees and charges, accrued interest and principal
<br />shall become immediately due and payable, after giving notice if required by law, upon the occurrence of a
<br />default or anytime thereafter.
<br />If there is a default, Trustee shall, at the request of the Beneficiary, advertise and sell the Property as a whole or
<br />in separate parcels at public auction to the highest bidder for cash and convey absolute title free and clear of
<br />all right, title and interest of Trustor at such time and place as Trustee designates. Trustee shall give notice of
<br />sale including the time, terms and place of sale and a description of the property to be sold as required by the
<br />applicable law in effect at the time of the proposed sale.
<br />Upon sale of the Property and to the extent not prohibited by law, Trustee shall make and deliver a deed to the
<br />Property sold which conveys absolute title to the purchaser, and after first paying all fees, charges and costs,
<br />shall pay to Beneficiary all moneys advanced for repairs, taxes, insurance, liens, assessments and prior
<br />encumbrances and interest thereon, and the principal and interest on the Secured Debt, paying the surplus, if
<br />any, to Trustor. Beneficiary may purchase the Property. The recitals in any deed of conveyance shall be prima
<br />facie evidence of the facts set forth therein.
<br />The acceptance by Beneficiary of any sum in payment or partial payment on the Secured Debt after the
<br />balance is due or is accelerated or after foreclosure proceedings are filed shall not constitute a waiver of
<br />Beneficiary's right to require complete cure of any existing default. By not exercising any remedy on Trustor's
<br />default, Beneficiary does not waive Beneficiary's right to later consider the event a default if it happens again.
<br />10. EXPENSES; ADVANCES ON COVENANTS; ATTORNEYS' FEES; COLLECTION COSTS. If
<br />Trustor breaches any covenant in this Security Instrument, Trustor agrees to pay all expenses Beneficiary incurs
<br />in performing such covenants or protecting its security interest in the Property. Such expenses include, but are
<br />not limited to, fees incurred for inspecting, preserving, or otherwise protecting the Property and Beneficiary's
<br />security interest. These expenses are payable on demand and will bear interest from the date of payment until
<br />paid in full at the highest rate of interest in effect as provided in the terms of the Secured Debt. Trustor agrees to
<br />pay all costs and expenses incurred by Beneficiary in collecting, enforcing or protecting Beneficiary's rights and
<br />remedies under this Security Instrument. This amount may include, but is not limited to, Trustee's fees, court
<br />costs, and other legal expenses. To the extent permitted by the United States Bankruptcy Code, Trustor agrees
<br />to pay the reasonable attorneys' fees Beneficiary incurs to collect the Secured Debt as awarded by any court
<br />exercising jurisdiction under the Bankruptcy Code. This Security Instrument shall remain in effect until released.
<br />Trustor agrees to pay for any recordation costs of such release.
<br />11. 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 orders, attorney general opinions or interpretive letters concerning the public health, safety,
<br />welfare, environment or a hazardous substance; and (2) Hazardous 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 or
<br />will be located, stored or released on or in the Property. This restriction does not apply to small quantities
<br />of Hazardous Substances that are generally recognized to be appropriate for the normal use and
<br />maintenance of the Property.
<br />B. Except as previously disclosed and acknowledged in writing to Beneficiary, Trustor and every tenant have
<br />been, are, and shall remain in full compliance with any applicable Environmental Law.
<br />1994 Wolters Kluwer Financial Services - Bankers Systems * Form USBOCP -DT -NE 11/16/2012
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