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<br /> _ , •Y :'- Finaada!Regaits and AdBWo�!Docttm�ts.Truscor mli PT�,�n wr�a�g�.afi t�otsig, dd�cr�,��an� fit�e�any ad�iio_�nalt .=.7.��' .`°�
<br /> � •.�, , . or infotmaiion geneficia�cYmay deem reasonabiy ne�satp• eriect.coatinue.and preserve Tmscor's obLgauons • ` ,
<br /> �� � documeats or oatificatioas that Beueficiary ma�y consider �sary�P °
<br /> tm�ier this Securiry Iastcomeat aad Bcaefic�arY s liea s[atus onn We P�'oPF�Y• �
<br />.�y • (� , - . .
<br /> �,� , 6. wAR�AN'�.Y OF 1TFl,E. Tn�Wr wanants that Tnutor is or wiU be lavifi�lty se'szed of ilie estate aonveyed bw t� ':. .
<br /> �� ` � Savrity Insaumeat and has the right to iaevocably gcaut,convey,and sell the Propercy co Tmste�.in trust,pnd►po
<br /> av i Ls unencumbered.eacePt for eacumbrances of record. f
<br /> �� '- - s�,- sats.Ttastar also cvarrants that dte PrapertY� . -
<br /> �r}� �'�`°� . 7. DUE ON SALE. Leader maY. at its opuon. dedare the eatue balance of the Sec�r� Debt co�n�.��3�o t�he =
<br /> � -, payat►!e uPon the creatioa of.or coauacx for the creation o u�abttransfer or sate of the Property. � } ; �.
<br /> �� —�-�� .? restricxions imposed by federal law(12 C.F.R.S91),as aPP�
<br />. �'4�t . .`'-'_'_. . `. � _. -- .
<br /> � � ._ 8. DEFAQLT.Ttasdor m71 be in defanit if any of the foltnwing occur: ,, � ;
<br /> ' cesentadoa m connettion with the S�Debt that �;;c ;�*:- .-
<br /> 4; ' � ' _, F r a u d. Consamer Borrower eagages in fsaud or material misieQ :;-
<br /> '�P
<br /> , � is an ope�end home equity F l a n• - t`�,
<br /> � � ead home lan fails to make a payment
<br /> P a y a t e a i s.A n y C o a s w a e r B o t r owet on aa y Secuied Debt that is an open ��Y P '
<br /> � � � wheu dne. .
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<br /> �°- - - - �,Any actitsa ar inacaoa bx the Borrower or Grantor occuis tbat adversety affects the�p�?Yuedrinsurance n�the _ �'�,
<br /> �_ '�is wclndes.but�s not limited to,the following: (a)Grantor fails to mamtain recN
<br /> p.,,�„ ��the Pro ert} (c. Grantor �mmits�vas*e or otherwise desauctively uses or fails to mamtain Y _
<br /> � f..; " : erty; ) P r Grantor fa�s w pay taxes on the
<br /> ` -�: the�'mpercY sach thst the aaron or maction advetsely affeds L..nd. s sec, ity�� �is seaior to the lien of this ��° �` x
<br /> `� . � Pmpetty or atherwise fails w act and thereby causes a lien w be filed ag,sin.�t We G�or dies and Leader's securiry is a� �•
<br /> A ` _ . � Securi Insuomea� (e) a sote Cnantos di�s; (fl if more than one Gzanmr, any Gr.mtor aad sub�cts � '
<br /> '� - ,-�-� t5i �' • •�p!G^et,•;�s t�n tbmn¢h emineut domain;(h)S lua8ment 1s filed 8g8iDSt o �^ �� . , ,•
<br /> ,=_r-- �,�- Gr�am�1rand�Pe�ty W��on tLat advetsely affects Lender's interest; or ti) a prior iieBLuI.i�; .a:c�..�.^>es ca e ��
<br /> ` ' pmpert�,aad as a result,Lender's�utecest is advezsely affected. " �1 '-:
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<br /> �.:. . • .4::''i smwer is an exeauive offcer of Ixnder or an affiliate and such Borrower becomes indebted to �. � . �'�L„„;
<br /> •,•�.}y+. �• Execattve Oflicers.Aay Bo amouat thaa the amount pemutted undcr federal laws and regulations. 'r'�rn:�'-�i�:
<br /> � "� ' - - 4�• Lender or another ieader in aa aggce8ate � _
<br /> ,` �. : • �,�
<br /> _E,_ � g_ �DIES ON DEFAULT. In additioa to any other temedy available under the terms of this Security Ins�ment.
<br /> � InstNmeat ia a naanner provided by law if Trustor �� ' �n, :
<br /> � g� may acceletate the Secured Debt and foreclose diis Secauity
<br /> �s+j ' ' .`'` `, is in�t.In some iustances,federal and state law w�l�eqwre Beneficiary toprovide Tnutor with notice of the right to .; ."
<br /> ,�;�..., . . , caue.or other notices and may establish time schedules for��eciosure acaons.Each Tmscor�ests a wpy of any notice .
<br />_ �.1,� . of defaalt and any notice of sate there�m d e r b e m a i l e d t o e a c h'C n u t o r a t t h e a d d r e s s Provided in ection 1 above. .�:;<:;-
<br /> + � fees aad ct�arges,aoctued interest and principal�shall become •� ?�:' r .,
<br /> r ; _ � Ac the optlon of ttce Beueficiary,al1 or aay p������ by Jaw, upoa the occ�urence of a default or aaytime
<br /> ,�_ . � �;a�ejy dne and payable. after SivmB � ��;' .'
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<br /> s, ':,� . If there is a defa�k. Tiustee shall. at the mq�est of the Benefciary. advertise and sell the PropenY as a whole or ia ,.,`.
<br /> �;,�:: . • ;, . s arate parcels at publsc aucaon to the lughest bidder for canh and conve}r absolute title free and ctear of all righc,title . ._. .
<br /> (.:;.: . ' _ �d interest of Tnuwr at such time and ptace as Tn�stee designates.Tn�stee shall give noace of sale iactuding the dme. . . ,. ��'{.
<br /> the appHcable taw iu effect at the time of
<br /> a .:,'• � � tecros and place of sale and a description of the propercy to be so�d as cequired bY : .�;:,.
<br />.:��'<:�.•. . the pmposed sale. .:�<;'
<br /> �°�•.::.• Upon sale of the property and to the extent not prohibited by iaw Tivstee ahall malce and deliver a deed to the Property ` ��� ��'r...;,;
<br />-.�'�"�� • sold which canveys absolu[e dde to the purc6aser. and after h`:st paying all fees, charges and coscs. shall pay to _
<br /> :s,.:.'• � ' .' Beneficlary ail moneys advanced for repairs. ta�ces, iasuraace. lieas. assessmenu and prior encumbrances and mterest , . �•;
<br /> �"��°- � ��,' thereau, and �he princi al and incerest ou ihe Secured Dabt, Fay�ng the surP.lus.,if any. w Trustor. Beaeficiary,maY ,•`"�.� _
<br /> � .:;:.:
<br />_.:�;.:,.�. • ,� � purchase the Property.�e recItats in any deed of oomeyancc shali be prisna facie evcdence of the facts set forth there�n.
<br /> � ``• ' � 'Ihe acceptance by Beneficiary of any sum in Paymen�ar Partial PaYment on the Secured Debt after We balauce is due or i s ,
<br /> r�, �:'::• ' � accelesated or after foteciostue prooeedings are filed s1�a11 uot coastirute a waiver of Beneficiary's rlght to requisc complete
<br /> �, . c�re of any ealstiug default.By ndoefea����n���on Tnutor's defaalt.Beneficiary does not waive Beneficiary's .`„ :
<br /> �;.�::" ..�.. , sjght to later consider the event a ePP :
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<br /> #, � • 10. EXPENSES; ADVANCES ON COVENANTS:A'iTORNEYS'�ES:COL�LBCI'��NnCm'05�S.�s in p�rm urg hch
<br /> -�.:��`� • any covenant in this Secorlty lnstrument. Tsustor agrees to PaY � .
<br /> :i•:,;;,• covenants or pmtecti�g lta secudry interest in the Property.Sucb expenses�aclude.but are not limitcd to.fees incurred for
<br /> .,.:�;:. . ;nspecting,preserving,or otherwue protecting the Property and Beneficiary's security interest.These eapenses are payable `�:.� �.
<br /> ; �� . .: . . on demand and will�bear interest from the date of payment nntil paid in full at the highest rate of ia[erest in eifect as '
<br /> . � . . , ; provided in the cerms of the Secured Debt. Trustor agrees ta pay all costs and expenses incurred by ige�ount ma�y
<br /> ;:�;�. ,. . collecting, enforcing or protecting BeneficiarY's rights and remedies under this Security Instrument. I'h
<br /> include.but is not I�mited to.Trustee's fees,court cosu, and other legal expenses. To the extent permittedsby the United . .
<br /> � States Bankruptcy Code.Trustor agrees to pay the reasonable atcomeys f:es Beneficiary incurs to collect[he Secured Debt
<br /> ' . u�nt;l e(ea ed.Trustoruagrees to�p y f r�anylrecorddation costs of such eleaese��s Secunty lnstrument shall reinain in effect
<br /> •j'�� � ��. EJ�����p�, LpWg pIVD HAZARDOUS SIJBSfA1�1CFS• As uscd in this section. (1) Environmental Law ,
<br /> .�:�':� �.`. � means. without limitation,the Com rehensive Environmental itesponse. Compensation and Liability Act (CERCLA. 42
<br /> �: :,`' � ` O.S,C. 9601 et seq.), and all otherpfederal, state and tocal laws,regulatioac, ordinances, court orders. attorney gen�ra! .
<br /> :�;� �' opinions or interprenve letters conceming the public health.safety,welfare,environmene or a hazardous substance•and iz) .
<br /> " ""�' � ! H�ardaus Subsian� �ueans a�y toxic, radioactive or hazardous matenal, waste, pollutant or contaminant w�ich has � :1...
<br /> ` ' characterisGCS which aender the substance dangerous or potenHulty dungerous to t6e pubiic heaith. saiery. wc;t�e o�
<br /> �`'�,'�� '. � ; environment. The term includes.without limitanon, an substances defined as "hazardous material." 'taxic substances." �
<br /> �...: -
<br /> ��... "hazardous waste'or"hazardous substance"under any nvironmental Law•
<br /> {:. :. • .
<br /> �:'.;;. . � . Trustor represenu,wattants and agrees ehat:
<br /> � .. . �, A.Eacept as previous�Y disclosed and acknowledged in writing to Beneficiary. no Hazardous Substance is or �vill be �. �
<br /> ,s;__! , located. stored or released on or m the Property. This resmcaon does not aQply to small quanticies of Ha7ardous k
<br /> ''- �� ` � Substances that are generally recognized w be ap ropnate for the norma]use:►nd maintenance of the Propcny.
<br /> . �.
<br /> � .,: ' B.Except as previously discloseG and acknowledg in wnting to Benefcciary.Trustor and every tenant have been, arc.
<br /> �: and shall remau�in f���i compliance with any applicable Environmental Law- ; . �
<br /> :' ,.. C.Trustor shaU immednately�ot�fyhBenefic�a�1ti�n ���vrEavimmm�taleLaw�cori em•.ngthc Propeny In�uch n E ` :
<br /> �i'_.ls , .. U1�jr! n! aiiuui ' C . '�y° � : .
<br /> , event.Trustor shall take al(necessary remed�a!action tn accorJai��z W�����Y rm'ir�r.'.i":�"`-'" :odv,J o�a . •
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