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<br /> Y4. DEf AULT.Trustoc will be in defnult if t+ny pt►ny o�IGAted on the Secured Debt faila ta mnice puyment when due. Tcustor
<br /> , will be in defnult if a hresich accure unaer the terr�of� ls Security Instrument or any other document cxecutcYi for the
<br /> pwpose of creatinII securing or gusraneylnA the S�curesl ebt. A good faith b�lief by Eeneficlary that BenefiGiury at any �,
<br /> time is insecure w3t�resgect to nay person or entity ob!lg ted on the Secured Debt or that th�prospect of any pnymcnt or
<br /> tl�e value of the Property is lmp�ired shuit also consdwto event of default.
<br /> 1S. FtE14�DY�5 QA1 D��AYJY.T. In some Instancee, icde�al and state iuw wtll requtrc Bcuefciary to�provide Trustor tvith
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<br /> nodce of the dght to cure or other notices and r�y establlsh tlme schedulea for forectosure actions. Sbbject to these ' ,�'
<br /> � limltations. if any Beneficiary may accelerate the S�cured Debt and foreclose thia Security Inatrument �n a manner
<br /> , - pmvided by law if lltuator is in default.
<br /> At the option of Beneflctary atl or aay put of the�reed fees and charQes. accrued interest aad princlpal shall become ..
<br /> immediately due and payab�e, after giv3ng nodcelf requlred by Iaw, upon the occurrenco of a default or anytimc ��
<br /> ' � thereafter. In addltion,Beneflciary shali be endtledw elf the remedies provided by law,the terms of the Secured Debt, ,
<br /> this 5ecudty Iastrument and any related documents.Y�luding without limitation,the power to sell the Property.
<br /> If tttere is a default,Trustx ahall, in additlon to r;n othcr permitted mmedy, ut the request of the Beneticiary, advertise
<br /> nn�
<br /> and sell the Prnperty as a whole or in separate parcels at public auction to the highest bidder for cash and convey absolute ;
<br /> • tide free and cleAr of all right, tide and interest of 7mstor at such time and plt►ce as Truatce designates.Trustee shall sive
<br /> .. nodce of sale lncluding the time,terms and place ate�le and n desr,ription of We property to he sold as rec�uir�by thc ��
<br /> applicable law ia effect at the time of the pmposed sdc. � ^'
<br /> � Upon sale of thc property aud to the extent not prohfbited by iaw Trustee shult muke and alellver a deed to the Pm�►erty •.�
<br /> � sold which cunv�ys absolure tide to the purchas�r, aad after tirst paying all fees, charges and coate, shall pay to ���;;;
<br /> • '�° • � Beaeficlary all moneys advanced for repaics, tazces,i�surance. liens, assessments aad prior encumbrances and interest �;�::
<br /> � �`��' � thereon, and the princlpal aad interest on the Sc�ured Debt, pnying the surplus, if any, to Trustor. Beneficiary may .
<br /> ' ::{"' " ,.� purchase the Property.The recitals in any deed of caaveyance shall be prltna facie evidence of the facts set forth therein. .�._
<br /> All remedies are distinct. cumulative aad not exclusive,and the BeneRciary is endded to all remedies provided at law a '�
<br /> �•+,.' '� �t equity,whethee cr not expressly set forth.'ilie accepiance by Benefici of any sum in payment or partial payment oa t6e ��;;.
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<br /> ••:�, Secured Debt s�tter the balence is due or is accelented or after forec osure proceedinge are filed shalt not conadtute a �
<br /> �� 'r� weiver of Heneficiary's right to require wmplete cae of any existing default. $y aot exerclsing any remedy on Ttustor'e ��'��
<br /> ;� defaWt,Beneficiary does aot waive Beneficlary's risEt to later consider the event a default if it contlnues or happene egain. �"'.
<br /> . ,� 16. EXP�IVSES; MVANCES O1V COVEI�IANTSi I►TTORNEYS' FEES; COLLECTIItIN COSTS. Bacept when ___
<br /> pmhibited b�law. 'lYuator agreea to pay all of BeKficiar�+'s expenses if Tivstor breaches any covenaat in this Securlry ___
<br /> �� s�,
<br /> Inatnuaent. ttusu�r will aiso pay on demand an .�i�uui u,cu�icd by•Baucf[cf far iu.;u.-i�g, ia:geciing, g_.._rs�t: .
<br /> otherwise protecting the Property and Beneticiary'aKCUrity interest.'Ihese expen�ses will bear interest from We date o�'t�e ___
<br /> payment until paid in fi�ll at thc highest interc�st rate in effect as provided Ia We terms of the Secumd Debt.Tcustor a�rea �_
<br /> . � • to pay all casts and expenses l�curred by Benefidary iA collecting, enforcing or protecting Beneficlary's dghts and --
<br /> . ,. ' remaiies uader this Secusity Insmunent.This ainowt may include,but is not limlted to,Attomeys'fePS.court costs. and �-_,
<br /> other 1e�ul expenses. TUis Securlry Iastn�ment sha11 remain in effect until celeASed. '1'rustar agrees to pay for any -_
<br /> ,��.•, • 3. recordation costa of auch release.
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<br /> ��•���'� 17. ENVIttONIV�NTAL LAW� AND HAZARDOli3 SU�3TANCES. Aa nsed in thiF secdon. (1) Environmental Law
<br /> ► means, without lluiit�tion the Comprehensive Envkonmental Re.sponsc,Com ensation and Liabllity Act(CEftCI.A, 42 _._
<br /> 'y U.S.C. 9601 et seq. .an�all other federal. state ud local laws, regulations ordinancea, court oniera,attnmey genen `
<br /> °h� opintoas or interp�ve lettera ooacemiag the publlo health.safery,welfare,environmc:nt or a h�ardoue substance;and(2)
<br /> Hazardous Substance m�uns aay toxic, radioactive or hazardoua materfal. waste, pollutant or contt►minnnt whfch has
<br /> characterlsdca which reader the su bstance daugetoYS or potentially dangemus to the public health. safety, welfare or _
<br /> - environaaeat. The term includes,wIthout Iimitatloo,az�y substances defined as "hazar+doua materlal," "to�cic substeuces;
<br /> • .. "hezardous weste"or"ha�rdoae aubsta�ce" uader ny Enviroumentnl Lsw.
<br /> ' ` �'` Trustor repYesents.warcante and agrees ttiat: • __._
<br /> „ A.Facept•us previously disclosed and acknowledged in wrIting to BeneRciary. no Ha�udous Substence ia or wlll be _
<br /> located, stared or seleased on or!n the Propaty.TUis restrictlon does aot apply to �mall quontidcs of Hazardous
<br /> Substnnces that are generally reco�nir,ed to be ep ropriete for th�normal use aad maiatenance of tho Propeety. --_-
<br /> •�����. • � B.Except a�s previously discIosed and acl�owl.edge�in wrtting to Beneficiary.Truator and every tenaat have bcen, ett, -_
<br /> ` aad s]�nll mmain in fWl wmpliance with any�pp]lcable Environmentel Law. �_:
<br /> ��' C.Tn�vtor Ahril immediately notIfy Seaeflciarv a a release or threatened release of a Hazardous Substanrx oocurs on, -_
<br />_: under or about the Ptoperty or Were is a v ioletaon ot eay Euviromuental l.aw �nceanui��he Propecty.In suc;�a�► ��.
<br /> . ,. ��� event,',T`rnstor shall tske a1f necessary remedid as,tion in accordance witb�ury Eavironmentnll.nw. _ _
<br /> ;,:;;. D.Tivswr shall imntediately nodfy BeneSctary�wrl�as saon a8lYusior Aas reason to belleve there is any pendlag
<br /> �'�°:�•` � or threutened investigatton, clsim, or procading reTating to the releasE or threatened release of any Haza:+dous =_
<br /> ��';�;s;. ��; t Substnuce or the violatioa of any Environmeaal Luw. ___.
<br /> � `� 18. CONDEMNA'ITON.Trustor wUl give Beneticiaryprompt notice of nny pendi�g or threatened action.by pdvnte or�public �L;
<br /> � entities to purchase or take eny or�+11 of the Pmpe�ry t]uough conderrmatioa,eminent domnin,or aay other means.Truswr _
<br /> };;,.,, authorfzes Benettciary to intervene in Z'rustor's nuie in any of the above descrlbod actioas oz cl�ims. Ttustor asstgns ro .
<br /> '�;;��;�:� Beneficiary the protxeds of any award ot claim fadama�es connected with a condemnntion or other toking of all or eny
<br /> ;�•;;;����� p�r� of the Property. Sueh pcoceeds shall be coroidere� puyments and will be applied ns provided !n this Securky
<br /> �,,,+ , lusuwnent.'Tbia a�igurunc of procee'�s is siibjac►ro tLe cenns of any prtor arortgaIIe.deed dt tlttst.se�tWcy aEtteemeat or
<br /> ' , ' other llen clvcument.
<br /> � 19. INSURANCE.1Yustor shall keep Progerty insured e�ainst loss by 47m,flood,t1teR and o�her hn�ardR and dsks reasonably
<br /> • � associated with the Pragerty due to its type and location. '�is insurnnce shall he maintaiaed in the atnounts and for the
<br /> _.__ .. ,— ;g� � �P�ciary .�x�uires. The inawance ca�rrler providing We inaua�ce ahall be chosen by Truator subject to
<br /> �eneficiary'sapproval. which shall not be unreasonubly withheld. li'ituatoa isula co mainiain the: wvcr�age Jescrlb¢d
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<br /> -_________ _ above.Benetici�rY tnaY. at BeaeRciary's opdon, abtaincoverage to protect Beneficiary's dghts in the Proge�ty axurdin�
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<br /> �� � to the terms of this Sec.urity Instrument.
<br /> ' All insurance polieiee and renewats shefl be accepub�e tu Heneficiary w�d nLalI includc a st3�td:.rt1"mortga,ge clanse" ad. �'���
<br /> � where eppl{cabte. "loss payee clause."Trustor s�ull im�nediately noti�y Beaeficiary of cancellation or termination of the
<br /> insuraztce. Beneflclary shall have the dght to bol� the polfcies attd renewals. If Beneficlary requires. Trustor sDell
<br /> immediutely give to BeneRciary ull ceceipta ofp�d premiums and renewal noticc�. Upon toss. Tmstor shall giv�
<br /> lmmedlate aotice to the insurnnce rarrier and Ben�iciary. Benefictary may make proof of loss if not mude imtttedintelyby
<br /> Trustor. �
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