|
, / ,;� . .
<br /> ,1
<br /> .� . � .• � � „ .. .
<br /> , � .
<br /> . . : . . .. . .. . ... .. :
<br /> . _. . . .�
<br /> . � ��`� ���� „
<br /> „ f+`Innnriul P3e�rta und Additionut Dosument�.Trustar wlll providx to Beneflciury upop mquest.nny financlal atutement
<br /> ' or tnformutton Eeneficiary mny deem censonably necessary. Trustor Ag�t continue�und pmservne Tnistorna obli�ia ions
<br /> documenta or cectiflcntions that Beaoflctary mt►y canstder neces to Perf
<br /> � " under this Securlry Instrument and Baneflciary's lien statua on th�rupertS+•
<br /> " 6. {�VAItRAI�TY OF TI'd'LE. Trustor warrnuts that Trustor ta or will be lnwfully seizul of �he eetate convey ed by this ... ' ..
<br /> ' 5ecurity Insttument aad hes tbo right to irrevocubly grunt,convey,and sell the Property to Tnutee.ln trust,with power of ;, t :_
<br /> � "^ sula.Trustor ulso warranta that tbe ProPenY�a uaencumbered,eacept for eacumbraaces aP record.
<br /> .l, �� Dn b�upop tLhe cr at�ou of a oi 8cont ncptfoi�th cteation�of a�transf r or sale of the�Property t'Chia rig t i�s sub�eet to t�he
<br /> � pesuictioas lmpoaed by federal law(12 C.F.R.S91),as appl�cable. :;,,
<br /> ,. �..•
<br /> il. DL�FAULT.Truator will be ia default if any of the follo�vd�g occur: :'•.�,;
<br /> Ernud.My Coasumer Borrower enAages in fraud or materi�l misrtpr�esentation in oaamection�vith the Secured Debt thut :,F.;_
<br /> is an open end home equiry plan. �.�
<br /> •: .__�
<br /> puyruents. Any Consumer Borrower oa aay Secured IDebt tbac is an open end homo equity plaa fails to mnlce a payment ,,,
<br /> - ` when due. ,� .
<br /> .r;, .
<br /> ,' pr�perty.Any�etton et inaction b t�e Sorrower ar Orantor occurs that ndver�el affecta the Pmoperty or Lender's rlghts �
<br /> ia the Progetty.This inclu fe�r s�t h e Prso ot liu►�t�e.'dOranior coilmmine.��,vt�iste or oihe�e a�uu'a�iy u��s o f�alls to�ma�inta ��'�':
<br /> .. ...... . _.__,�.. Pr!�+e•rtY;(b.l i3rantor ttaus Pe�3! ---
<br /> 0 0 �t [iran�ar fails to pay taxes o n t he
<br /> � � the property sucb that the acclon or �nacnon adve�sely affctcs Lender....ecutkY' (-)
<br /> in
<br /> .�;, Pnopetty or othetwlse faUs ta act ond thereby causes R lien to be filed ageinst the��P�tor diesgund Lend es ls�iui�iR — .
<br /> :�;;:,1' � Sc�uiiry Instn�menr (e)a sole t}rantor dies• (� if more than one Ciraator. anY --
<br /> '• ., ;.. adversely nffected• �)the Property is taken t�rough eminent damain;N)a judsment is tiled ugainst ticaator and sub�ccts �
<br /> � �, Orantar and tho lsrope�y to acdon that adversely affects Lender's interest; or (i) a prior llenholder forecloses on the --
<br /> ";r,;,� pcoperty and as a result,Lender'a intemst is adversely sffectefl. �.
<br /> ,;;.;ti, , . � _—
<br /> :�;"'' Exeeutive afficeis.Any Bonawer is az�executive officer of Lender or an affiliate aad such Borrower becom�s i n de bt e d to
<br /> ��,��°, �� . Lender or another lender in an aggregate amount greater than the amount permitted uade�fedetal laws and regulationa• �:
<br /> '��:;:1 � y ty �
<br /> �;� ' 9. REMEDIES ON DEFAUL'f. �n��di�o�atte�ad for close t�hi�s SrY.cuar�i ylaI s�uvment i�n a ma�nn r�pmvld�bN Iaw�iY T�ivsteAOi =--
<br /> _ r. &nefictai�+tax,r�etetste!he�'--- , .
<br /> is in default.Ia same instances.federal And state law wAl require I�enenciury io"provic�c T.���a �s'lsts ttatice af'he t tn
<br /> n �ach Tsustor recluests a w of any notice
<br /> ` cure�or other notices and maY establish dme schedules for foreclosure actions. $Y _�_
<br /> � o f d e f a u l t a n d a ny n o t i ce o f s a le thereuader be mailed to each Trust�or at We address provided in�ectton 1 a �ve. �
<br />' • ? � At the opdoa of the Beaeficiary,all or any part o f t he Ag r e e d f e e s a a d c h a e ges,acctued interest and principal shull become �,
<br /> immediutely due tutd payable, after giv3ng notice if required by law, upon the occurrence of a de fiult or twynime
<br /> °� �. ,' theteaftea.
<br /> �` �� If there ia a default. Ttustee shall. nt tho request of the Benoficiary. advertise aad sell the Property ns n whole or in _
<br /> '`°�;.;. '� aeparate parr,els at publte auction to the Wghesc biclder for cash and convey absolute tid� free and clenr of all rlght.dtle ^--_
<br /> .'�:A•;>'f, . aad interoat of Trustor at such t{me and place us Trustee designates. Ttustee shall�tve aotice of sale includiag the dme Y-`--
<br /> •• • ��' terms and plece of salo end a descdption of the propecty to be sold as requlred by t6e appticable law in effect at the time o�
<br /> � +; the proposed salo.
<br /> �-:�,,,:,;., , � Upon sale of the pmpecty nnd to the extent not rohibited by law Tcustee shall maice aad deliver a deed to�ay o
<br /> •�::•.,;:;+�• sold wbich cpnveys absolute tttle to the purc�aser. and aftor �i�st PaY�B �1 fees� charges and Coste• p
<br /> •:�,:� Beneficiary nll moaeys advAnced for repairs, taxes� insurance� lieas. assessments sud prior encumbrances and Caterest
<br /> then�n. and the princi�pal anc! interesc on the Secured Debt� pay iag the a�lux� if aay,to Trustor. Beneficlary may
<br /> ' purchase t��he Progerty.The recitala in any deEd of conveyance shaii be prl�na fac e evidence ot the facts set forth thexeta. ___
<br /> • � T&e acceptaace by Beneticiary of any sum in paymeat or pardal pnyaaent on the Secured Qebt s��ter the balaace ie due or is _ ,
<br /> nxelerated or nfter foreclosure pmceed9n8s are tiled ahail not constftute a watver of Beneficiary's dght to tequtre complete .__
<br />_ W cure of any enistii ge!�e eveni a defaul�if it�hap�pEns aga�in on Trustor's default,Beneficiary doea noi watve BeneftcInry'e =_-
<br /> ''�.s,� - rlght to luter was d �
<br />�� � 10. EXPEN9ES= AAVANCES ON COVENANTSi A���s' ��+ COLL�CT7iON COST�. If Truswr bnuGhes ,�
<br /> �.,�!�. eny covenant in thia Security Inamiment. Trustor agrees to pay aU expenses Bene4lciery incurs in performing snch ��
<br /> ° '� coveaanta or pmtecting its securtty inceresc in thG Feoperty.5uch exgenses inclnde,buc are aot 13mital to.feea incurred for
<br /> �'�,;�:`1.`+ ;� Inspecting preservin$�or othecwise protecting the Property.and�eflciary's s�urlty inter�st.1�se expenses ate ps�yabie �__._
<br />��'ti5���,} • .. r � on de.mand and wiil3ea�interest from the date oi payment until p�id ia tWl at the highest raze of interest fut e�ff'ect es _.,
<br /> l�:�,: _ f provided in the termg of the Secured Debt. Tn�stor agees to puy all costs and expenses incur�ed by HeneSctary ia �T:•:
<br /> collxting� enforcing or protecting Beneficiary's rights and remedles ander thie Security Insnut�ent. '34�is amount ais►y �`.v
<br /> '� ` includQ.but is not limite�co.'ftustee's feea,covrt ee�ts+and other le$al ex penses. To the extent pernunod by the Uait�
<br /> � States�anlnvptcy Code,Trustor ar,�e, es to pay the reasonable attorneys fees-Beaeficlary��u�s to wilect tho Secured Debt
<br /> �'•'��
<br />• ,.',,,,,. � , ,+�'l",+i� es awurded by any court exercisinII�urisdictlou uader the Banit�i�scy Code.Thia Security IIaaTaument ab�tlt remuin in effect _
<br /> -,.,�;��',4�;��,1.:. ...'. ` .�, uatil released.l`custor a�cces to pay for any rec�i�dation costs o?such relc.�se.
<br /> :,;;:� �t) Fmv�ronmentni Lnw .
<br /> Il.ENVIRONMEI�iTAI.LAWS AND HAZA�m2T� 5Q1D3'd'AI�iCFS.A.�m��sati�on �Liability Act (CERCLA.d2 '�,.,�_.
<br /> ' ' . � means� without limitudon the Comprehensive�nvironmental Response. �o�ey gcneral �
<br /> U.S.C. 9601 et seq.),aad atl oth¢r Eedernl, state aad local laws. W�fare�enviro:ime�nt�is� ��ardous substunoe•and(2)
<br /> opintona or interpretive letters coaur.�ing che public henith.safery.
<br /> � i�icizznrdous Subsfaace menns anY toaic. radiouctive or hazardoua matednl. wasce. olbr�sr,nu or coatumtaer►t w�tdl lit�s
<br /> i . chsuiic rlstica which rcnd�r��8 subhtBitCeim�t nuanv subst nc�e.cydefnIIed�hmardousblmater���'�"co ic subslten�.° '
<br /> .,�..s.mrs.:.'!'�C L�t f... ..,__�r..r....��e...
<br /> __ -- " "hBZALd0U8 WASL6�Of'htIZ9Id0118 BUbStIIIlCe°un¢er airy cur�.vw..�.............
<br /> Trustor mpresents.wnrrants and aarees thut:
<br /> A•lo�ca�ted sto�ed�orslrele is�on�or�ida�th��ProeperBry 7'hi�restric�tion doeecnoi�ap ply tosmnll quazi�e.�sof Ha ardoua
<br /> , Substnnces thut arel�d;scl�os��and ac�o vlbeedBed Inpwdtia to Bena�efict��Tn sto��d e�v�ten�m�it have be�en,ores,
<br /> B.B�cccpt as prevtous y
<br /> md ghn11 remain{n tWt compltaace with any�p�licnble Env ronmentnt Law.
<br /> . � C.Ttuscor ahnil immediately aotofy�e�ia a viol tion of�any Faiviromm�tai I.aa conce�thesPrope�ity.°�o�►
<br /> " under or a6out tho Property
<br /> event,Ttustor ahWl tnke ulI nece.gsary remedinl nction In accordnnce w[th auY Bnviromnentnl Lnw• �peQ1 s o���
<br /> ° . O�004 Om►ero 6ruems,tns..Ls.CbuO.�1N Fom�OCRREDT•NE t0AJ00
<br /> __.-
<br /> . t10tNBI.Rm Lo9
<br />
|