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<br /> � the Property in violation of any law, ordinance, or regulAtion� ►�.,.;.���_-
<br /> �-,.__..-;,- �.�'--- -
<br /> � and shall pay and promptly discharqe at Borrower's cost an8 �" ' 4���;•n;-;:�«v�-�=
<br /> � ' ' ' e se all l.iens encumbrances and aharqes levied, impoaed or ��t� �•����� •� •��� °�
<br /> exp n . m�`y�,�:�,:--—
<br /> ° „o ��;�.�n;;,,: aaseased against the Property or any part thereof. �i;,��
<br /> �'f::��a.�'�1 _'1,�i�,'r�
<br /> " � 6. Eminent Domain. Lender is heraby assiqned all �i�J ,,,_
<br /> ;=�r`:u�;��T,
<br /> � compensation, awards, damaqes and other payments or relief ..��,,,�_�;ri=F.
<br /> ° ' � (hereinafter "Broceeds") in connection with condemnation or other i ., ' ;
<br /> � tiakinq of the Property or part t�ereof, ox for conveyance in lieu . ;.�,���:�i.��;,�::
<br /> , � of condemnatfon. Lender shall be ent3tled, at its option, to �:.��:.-'... ; . '-�
<br /> ' ' commence, appear in and �rosecute in its own name any action or � .
<br /> proceedings, and shall als� be entitled to make any compxomise or �
<br /> settlement in connectian with such takin� or damage. In the .
<br /> ,.{;;;� event any portion of the Preperty is so t�lc�en or damaged, Lender ; ,
<br /> r•��' � shall have the option, in i�s a��� and ams�lute �c�iacretion, to ,
<br /> � r,,::��,�
<br /> '��'� f 1 all such Proceeds, after deduating �kb�erefram all costs and
<br /> '�.f�'�:.� � '�. i�,� aPP Y � .,�•r..�,,..
<br /> ,�:.,�f.�,,t,,�. �.. . }
<br /> .'�y�•-�-,,�5��:•� expenses incurred by it n�a co�nectfon w�.t�h such Proceeds, upon . ;Z�,�v;:..Y�
<br /> `� .� �, ,,ff,;.:�'�,�� any indebtedness secured 4»reby and in s�wc3� order as Lender may _ ,..,,�_
<br /> ;.:-;,�:;;•�:�k-' determine, or to apply a3� such �roceeds, a£ter swoh deductions, ,, :,,� �
<br /> • '�";tik;;;:� to the restoration of the �xope�ty upon such con@i�ions as Lender ; , .�,#.: `��-�-
<br /> may determine. Any applicatio� o� Proceeds to inc7�htedness shall . . •,,. . ,
<br /> not ext�nd or postpone '���e du�e date of any payments un�1�r the � .,:,:,,•;,,' ..;c� :`_�;;Y�
<br /> ;��•,.;.,�ai ..:r�,::..; ;,...1
<br /> ' Note, or aure any defaui� tfiereweide� or hereunder. ,��,�.,..1`;�.,��•.;r,, -.•, .�,
<br /> � ,-rl?.., :._��:',� ,
<br /> � 7. Perfoxmance by I,ender. In the even� af eorrower s ( ,r„ :. ,. . -
<br /> " failure to er�orm any of the oot�enants herein or make any pay- 1� � • '`�ti� �-: �;'.. �
<br /> p • ,�.,: ,�_�;'
<br /> � `.• �• ments required hereby, ar if any act is taken or l�egal proceeding �� . , -
<br /> 'li,,_'..'- '. . � ( �.
<br /> ,,, , �_ r • co�nenced which materially affects Lender e interest in the , .
<br /> t ' �F •� �����•`'`� . '� Property, Lender may in ats own discxetion, but without obliqa- ,
<br /> .h_: � ,_...� .. ' ';'`, ., �t�.�,!,. �
<br /> '�. ...,.". '; . . .' tion to do so, ars�i wS.thout notice ta ar d2marsd upar. Bermw�+r, and , . .
<br /> �,,,.,:� ,�,
<br /> ,,�.;. .;r.. , �t; , ,
<br /> � . � without releasinq Borrower from any obligation, d�o aray act which �'S;.;:
<br /> ;,,, .. '''',:, �. .
<br /> the Borrower has agreec3 bwt fails to do and may a18o clo any other � , _ ;� �
<br /> ,f :;�'�• act it deems necessar to protect the security hereof. ��rrower ,;:�;��'���1,,•,: ;i}._
<br /> shall, immediately upon demand therefor by Lendexo paY to Lender . ' ' '�'-
<br /> • ' all costs and expenses inaurred and sums expender� by Lender in '•�. � � .
<br /> �, connection with the exercise by Lender of the foreqoinq rights, �,
<br /> toqether with interest thereon at the default ra�e provided in
<br /> .�r '; � the I�ote, which shall be added to the�eTtedness secured ,
<br /> hereby. Lender shall not incur any liabiliCy because of anything
<br /> �' •'�'` it may do or omit to do hereunder. •�
<br /> ' 4 ..r!� .��
<br /> � . S .;t,. �� .
<br /> ' � � . • 8. Hazardous Materials. Borrower s��all keep the
<br /> .. , •r���;;.� , Praperty in compl ance w th any and all federal, state amd local
<br /> .�:� �.:; ,. � .
<br /> ;� ';' laws, ordinancc�s and regulations relating to industriaJl hygiene
<br /> " • "� ` ' or to environmental conditions on, under or about the Pao�erty,
<br /> �''� ', � ";`����'" including, but not limited to, sofl and groundwa�ter conditions.
<br /> �,+: ,'t Trustor shnall r.at use, generate, manufacture, stos�e or dispose o�
<br /> ���•�;� on, una�� or about the Property or transport to or fr�om the
<br /> ���;�!' `-� Property �any flammable �xplosives, radioactive mmterials, hazardous
<br /> wastes, toxic substances or related materials, ian�ludincy, without
<br /> limitation, any� s�nlbstances defined as or fnclude�l in the defihi-
<br /> tion of "hazardo�s substances", "hazardous wast�e�", "hazardous
<br /> ; materials" or "toxic snabstances" under any ap��icable laws, � '
<br /> '� ordinances or regulatio�s (collectively referred to heseinafter
<br /> '��,�+' � as "Hazardous Materials") . Borrower herelb}• wa�srants ancD repre-
<br /> • ��• ;����� ', . sents to Lende� t��at there ure no Nazardous Ma�e�n.als on or unde�
<br /> �' .' �;'�'�• � the Property. �asrower hereby aqrees to inc3e�c ify and hold
<br /> ''!"4'� �' ��' ����" harmless Lendea�, its db��ectors, officers. en�ployees and agents,
<br /> _.�ty+. �� ' '
<br /> ��'� � . '� and any� ��xccessors to L�en.�'�r's interest, from and against any and
<br /> ��;�.�? all claia�s, damages and �iabilaties arisaag in connection with
<br /> • ' � � ' the presence, use, storage, dispdsal or transpo�r+t of any Hazardous
<br /> . Materials on, nnr���r, from or ab�out the Property, includinq, with-
<br /> � • out lfmitat�an, (a) a�I damaqes directly or fndirectly arising
<br /> .,,,* nf ro.o �eao. uPnPration. storaae ar disposal of Hazardous
<br />_ � --- -- ---- -- -• . - • -
<br /> Materials by Dorrower or any prior owner or operatar of tn�
<br /> Property, and Pbl all costs of any requfred or necessary repairr
<br /> cleanup or detoxification and the preparation of any closure or
<br /> � other required plans, whether such action is required or neces-
<br /> sary pricyr to or following transfer of title to �he Property, to
<br /> the full extent that such action is attributable, directly or
<br /> indirectly, to the presence or use, generation, storage, release ,
<br /> threatened release or disposal of Hazardous Materials by any
<br /> person on the Property prior to transfer of title thereto by
<br /> �
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