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<br /> pr�,�-r•edinqs, an�i Bhall alao he entitlud to make any compr�mis.�� ur
<br /> s���tlement :n corrnection with suah takinq ur dam.�g�. in rt�r
<br /> E�ve�t any portion of the Property i� ao taken or damaged, Lend��r
<br /> sh.�il have the option, in ita aole ar►d ahr�olute: discretiori, tu
<br /> � apply all such Proceeda, after deducting tlierefrom ell costs and ,
<br /> � j cxpense� incurred by it in conneation with such proceeds, upon
<br /> j any indebtednaaa oecuzed hereby and in •uch order as Lender may
<br /> determine, or to apply all •ueh Proa�ed�, after suah deductione,
<br /> - to the restoration o! the Property upon auch conditions as I,endRr
<br /> may determine. Any appliaation of Proceeda ta fndabtedneas shall
<br /> not exten� ox poatpone the due datd of any paymentis under the
<br /> Note, or cure a�ny default thereunder or her�+under.
<br /> 7. Periorma�nce by Lender. In the event of aorrower's�
<br /> failure to per orm any o3'—t�ie covenanta herein or make any pay-
<br /> ments requfsed hereby, or if any act is tsken or leqal procaeding
<br /> commenced which �aaterially affecta I,ender's interest in the
<br /> Propsrty, Lender �ay in its own disaretion, but without obliqa-
<br /> tivn to do so, Acnd without notice to or demand up�n Borrower, and
<br /> , without rele�sing Borraw�r froti any obligation, do any act which
<br /> the Borra��s has aqreed but lailed to d� and may also c}f� any
<br /> other act it dee�ms necessary to protect �Ae secmrity hereoF.
<br /> ,�avrrowes shall, �nanediate2y upon cdemand t7��refor �,y Lender, pay
<br /> t0 Lender all ca��s and •xpenses incurred and su�na expended by
<br /> Lender in connecti�T with the sxercisa bp Le�cder aF the foregoing
<br /> riqhta, together wfth int�reat ther�on at �.he rate provided in
<br /> the Note, which ahsll be added to the indebtec9�ess secured
<br /> � hereby. Lender �k�all not incur any liability be�ause of anything
<br /> it may do or oeait to do hereundex.
<br /> 8. Hazardou� Materials. Boa�ower shail keep the �
<br /> Property i�n comp ance w any and �11 g�e�eral, atate and local
<br /> - lawa, ordinances end requlAtiona relating► to incdaaetrial hygiene
<br /> Qr to enviroiunental conditionc on, under or a�bou�t +�he Property,
<br /> � � �• including, bu� not liaiitad ta, s�il and groundwa�er conditions.
<br /> Horrower ahall not usa, q�nerate, manufacture, store or dfapoae
<br /> of on, un�ler or about th� Property or transport to or lrom the
<br /> Property any flaa�aable �xplo�ives, rAdioactive matarials, hazard-
<br /> • ous wustes, toxic Qubstancee or rslated materiala, including,
<br /> � without limitation, any substance� defiaed as or included in the
<br /> definition of "hazardous subatanaes", "hazardou� aastea", "haz-
<br /> ardous materials" ur "toxic aubstanasa" under eny applicable
<br /> laws, ordinancea or regulation� (collaetively referred to herein-
<br /> after as "Hasardoua Mat�rials") . Sorrower har�by warrants aad
<br /> represents to Lender that there are no iiasardous Mst�rials on or :
<br /> under the Property. Horrower hereby aqrees to fndemnify and hold
<br /> harmless Lender, its directors, officerss, employaes and aqeats,
<br /> a��d any successors to Lender•a intereat, fraa and aqain�t a►ny and '
<br /> all claims, damagea aad liabilities ari�ing in coda�ction with . .
<br /> th�• prescsnce, use, B�orage, diaposal or traneport of sny a�sardous
<br /> Materials on, under, from or about th� Property, fnaludin�, w�lt�-
<br /> - out limitation, ia) All damaqeo diractl�v or i�directly �rising
<br /> �t-3� ; ' out of the usa, qeneration, storaqe or disposal o� Hazardons
<br /> +lat�rials by Sorrowr�r or any prior owner or apexator of the
<br /> . . :+zopt�rty, and (b� all costa of aru�p requfr�d or ra�taesary repai�r.
<br /> � , •• � . ,�L p•anup or d�toxi fication and tP�e praparatfon of any cloaure a�r
<br /> ' • �� 1 ��t`�er reyuired p��ans, whether auch action ia requir�d or necessasy
<br /> .),''+ . � �' � ' �rior tcn or fo�la�wing kraa��ter of titl• to th� Prop�rty, to the
<br /> ''�'' � � �' ' i ro�yl ex�ent that �nch actioa ia attributaibla, dir�otly or �ndirectly,
<br /> � �� �he pr�se�,re a: usra, generat�o�, storaqa, ralease, threatenec3
<br /> •�'e�::�� :r c'.��,�o�=: c� ��z�s=�_� !iutcrial�. by �uy persorn on the
<br /> ! Propert� ��ior to tratnafes o! title th�xe�o by.LeAd�r. Tha �ore-
<br /> I going war�antie� end re�s�sentation�, as�d �oi'tC�x�• obIliryations
<br /> e-----'-- e.�a��:�.. ..�.�tt e..«..�.s� r�++av�e! nf
<br />_� i pursuant "tv inr cvtoyv�.,y ......�..�..j, �..».- �.y.•�•_•._�r-.---•- --
<br /> ' the Note and t9fle raconveyance �E this Dead oi'�Tspot.
<br /> � 9. 11►ssi Raen� uf Aente Naaa emet►t oi pro ert . As
<br /> additional seccnt ty r� eY, Borrower� ere y ass q�la to Lender
<br /> the rents, isaues .��td gY�ff�� of the Proptrty, provided that
<br /> Noriower shali, prior to acceleration under paraqraph il h�r.�r,f
<br /> ' oi �b,�ndonment o£ the Property, have the right to coll��ct �ncl
<br /> retain such rents, issues ai�� profits as they become Ju� ���:�i
<br /> , E.�y.�t�le. Upon acceleration or abandonment of th� Prc�pprt.y,
<br /> � _3_
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