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<br /> 90-" 1�363�
<br /> t�e Psap�r�y in violation of an�► law, erdinance, ar r�gulat3on=
<br /> �'�` and ehall pay and promptly discharge at sorrower's cas� ar�d
<br /> � exp�r��e t�21 liens, sncumbrences and charge9 levied. im�osed or
<br /> as�aa�ed aqnine� the Property or any part thereof.
<br /> 6. �minent Qoraain. Lender 3s her�by aesigned all
<br /> compansmtion, awar s, amages and other payment�s or relief
<br /> (hereinafter "Proceeds") in connection with condemnation or other
<br /> takinq of the Property or part thereof, nr for conveyance in lieu
<br /> of cande�nation. LeaBer ehall be entitled. at ita option, to
<br /> co�ence, appsar in and prosecute in ita own name any actfon or
<br /> proceedinqe, and shall al�o be entitled to mak� any compromiae or
<br /> sattlement in conncCtion with such taki�ng or damage. In the
<br /> event any portion of the Property is 8o taken or damttqed, Lender
<br /> shall have the aption, in its sole and abaolute dis�xetion, to
<br /> a�sply all auch Proceerls, after deducting therefrom all cos�s ana
<br /> • ; expenses iricurred by it in connectior� with such Proceeds. upon
<br /> �ny indebtednea� aecured hereby an8 in such order as LenB�r may
<br /> � deter�ins. or to a►pply all such Proceeds, after such dcductiona,
<br /> to the restoratian of the Prop�rty upan such conditione �s Lender
<br /> �aay deter��ne. 1�►ny application of Proceeds to in�lebtednesa shall
<br /> aot exttnd or poatpone the Sue date of any paytnents under the
<br /> . Nots, ox cure any default thereunder or hereunder.
<br /> 7. Perform�nce b� Lender. In the event of BorroWer's
<br /> �ailure to perform any �the covenanCs herein or make arr}� pay-
<br /> ments required hereby, or if any act fa taken or leqal proceeding �
<br /> conmencad which. materially affecte Lender•s ��tereat in the
<br /> Prcperty, Lender mAy in ita own disGretion, but without obliqa-
<br /> tion to do sa, and wfthout natice to or demand u�on Horrower, and � ,��
<br /> - -- - Wiinaut reieasing earrawer trotn any Ab13qA�ic�n, dc� any act which � :Y4�
<br /> � the Borr�w�er has agreed but fails to do and ma•,� also do any other • '
<br /> act it deems neceasar�r to protect th� se�urity hereof. Borrower �
<br /> shall, immec➢iately upon c�emaad therefor hy Lender, pay to Lender
<br /> all costs and expenses incurr�d and sums expended by Y,ender in `
<br /> connection with the ex�rcise by Lender of the foreqoing rfghts, �`
<br /> togethes Nith it�tereat thereon at the default rete provided in �+
<br /> the No�a, which shall be add�Q to thc xndebtednesa secured —
<br /> h�reby. Lender ahall not incur any 3iabflity because of anythincp
<br /> ft roby do ar omit to da hereunder.
<br /> 8. Hazardous Matexia2s. Horrower shall keep the t
<br /> ` Property in comp�iance with any and all federal, state and local
<br /> �aws, ordinances and r�egulations relat3ng to industrial hyqiene
<br /> . or to enviranment�l conditions on, under oz about the Praperty,
<br /> includfnq, but not limited to, soi? and groundwater cmnditions. .��
<br /> Tsuator shall not use, gen�rate, manufacturc, store or dispose of
<br /> on, under ar abuut th� Property or transport to nr fr�m the
<br /> Property any f].amm��bYe exp2osivcs, radioactive materi�ls. hazardous
<br /> wastea, toxic substances or zelated materials, in�luding, without
<br /> �fr�itation, any substances deffned as or included in the defini--
<br /> tion of "hazardous substances", "hazardous wastes", "haaardous
<br /> tst�l:or3a2s" t�r °�axie suhstan��s� u���r ar�y a�r�-,Iic.a�iL� Iu�s,
<br /> ordinances or regulatfons lcaTlectively refrrred to hereinafter
<br /> as "Ffazardous Materials") . �orrawen c��r�by warrants and repr�-
<br /> sents to Lende� that there are no Ha^ardous Materials an or undtr
<br /> the Property. Borrower hereby ae�r��s to indemnify and hold
<br /> harmless I.ender, its directors, officcrs� cmplayees and agents,
<br /> and any successors to Lender's interest, £rom and aaainst �ny �nd
<br /> all alaims, damage� and 2fabilities arising in connection with ' - """'�""
<br /> the presence, use, storage, disposal ar transport of ar►y J�azardovs
<br /> MateriAls on, under, from or about thE Propert.y, includinq, with-
<br /> aut limitation, (a) all damagns directly or incl.irectly arfsinq
<br /> out of the use, �enerar_ion , storage or dispo�al of ���r.ardaus
<br /> Niaterials b�t E3arrower or any pric�r :.�wner �r operator o' *_4�e M#
<br /> Propezty, and Ibi all costs af any rE�qui.red or ncr.c.•:;sary re�air, �
<br /> � cleanu�a ar d�eoxification and the preparation of any clost�re �r
<br /> ather requiYed plans, whether �;uch �-sc-tiUn is req,uirecl ��r r:ar.�r.� ��-►
<br /> ..ary ariar t� c�r frallowin� trz.►nsfe�z r�f titic• t�� thc I�rc>t,t•.t.y, t:c� �
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<br /> thre�atened re�le�.zs�� c�r clispc>sal uf li�i��irciotz:: 'rrstE•ri ��: :, :�r .zr.•�
<br /> �erson c�n �ht� PrUF�c�rLy �r ic.�r t � ±r��r:sff�r c�2 t..i t ;�• ' }i��r��t a� hy
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