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<br /> . 91�-- 102119 � .. , - - a
<br /> the Prop�►rty in violation o� any law, ordinance, or regulationt -
<br /> and ehall pay and promptly disahaxqe at 8orrower's co�t and i _
<br /> expenee a].1 liena, encumbrances and charqea levied, imposed or ; �:;���F,,,�.��i��
<br /> , aseessed aqainst the Property or any part thereog. I - „�.�.
<br /> ` 6. Eminent Domain. Lender is hereby assignQd ala , '
<br /> �' .��
<br /> compensation, awards, aamages anel other p�yments or relief � ��_
<br />� '` (hereinafter "Proceeds") in connection with condemnation or other y ��,
<br /> "a taking of the Property or part thereof. or for conveyance in lisu . _ .
<br /> " of condetana�ion. Lender shall be entitled, at its option. to �i
<br /> + commence, appear in and prosecute in its own name any actior� or
<br /> L. , . proceedings, and shall also be entitled ta make any compromise or . . , ���
<br /> settlement in connection with such �aking or damage. In the � ��s
<br /> ,; �-.�'�� ��• .�'> •• ' event any portion of. the Property ia so taken or damag�ed, Lender . ,j ; �
<br /> :. ,f '.���!.4�:f:`,�,.w. �n. . •
<br /> , .,, , shall have the option, in its sole and absolute discretion. to
<br /> ; .";�;•� �� apply all su�6n Proce�ds, after deducting therefrom all costs and � � :"�. =�� �„
<br /> � expenses incurrec7 b�r it in connection with such Proceeds, upon ,,,.. � �
<br /> ' ;`•; �„ � � ' any indebtednes__ R��cured hereby and in such order as Lender may •'%�
<br /> �';� yP detesmine, or to applY all such Proceeds, after such deductiona, � . ' :
<br /> :'"°l�4""' '� to the restmration of the Property upon such conditions as Lender . ' � �,� ��
<br /> �'�, ' ,.(..;. �n, : ,; . . i.�r' :^:_-
<br /> 1,���., '��1 .
<br /> �,:.� , .,,�. ,; may detexmia��. Any applic�tion of Proceecl� t•o indebtedness shall I ,��.__
<br /> ����, -`� � � not extend or postpone �he r�ue date of arny payments under the , ,' � , .. ` +.::
<br /> : .;.,. :,,,<.;,.;.,,, d`±� -
<br /> .�,.. � Note, or cure any default thereunder or her�eunder. ; :.�::;...,� ,� .; ;,��.
<br /> � , Z � �� ( . �:•�':r.�
<br /> ' � � 7, Performance by Lencler. In the event of 8oxrowex's . .
<br /> �„ ... :: , � :ti�
<br /> � � failure to perform any of the covenaats herein or make any pay- �;5y
<br /> � � �'�`�� ments requix-ed hereby, or if any act is ta��en or legal proceeding • . :.. ��., _t
<br /> �� ,,;, ' commeneed wfiich materially affects II.ender's interest in the :� � .,
<br /> `:,�;�,;�:;��'�,,: , . :
<br /> � � � Property. Le�der may in its ow� discretior�, but without obliga- � . : ,�,, �...
<br /> • ! tion to do so, and wfthout notia� �� �r d8mand npon Borrewer, and � �'�,�
<br /> . ; ;
<br /> � without releasing Borrower from any obliqation, do any act which �y
<br /> • . the Borrower has agxeed but fails to do and may also do any othe r }+
<br /> �
<br /> acfi it deems necessary to protect the security hereof. Borrow x ��
<br /> � shall, immediately upon demand theretor by Lender, pay to Lender , i�
<br /> al.l costg and expenses incurr�d and aums Qxpended by Lender in
<br /> � connection with the exercise by Lender of the foreqoinq rights, . '°
<br /> together with intQrest thereon at the default rate provided in
<br /> the Note, Wh er shalllnot incurdany liabflity becauae of any hing ��_
<br /> " hereby. Lend ;��.
<br /> k � it mny do or omit to do hereunder. ;�
<br /> ; 6. Hazardous Ma�erials. Borrower shall keep the � Mi
<br /> property in compl ance w ti any and all fede.ral, state and local �
<br /> laws, ordinances and regulations relating to industrial hygiene . �
<br /> or to environmen�al conditions on, under or About the Proper�y, , �_�
<br /> including, but not limited to, soil and groundwater conditions. � . • �r±
<br /> Trustor shall not use, generate, manufacture, store or dispose of �����',, • ,�+
<br /> ;; on, under or about �he Property or L•ransport to or from the , • �,,��,�
<br /> Property any Plammable explosives , radio�ctive materials. hazardous : �; -
<br /> F was�es, tioxic substances or related ma�erials, including, without �-
<br /> � limitation, any substances dePined as or included in the defini- j'"
<br /> tion O� "hazardous substances", "hazardous W&5�08��� "hazurdous '�.
<br /> ' ;`� '� ' � � materials" or "toxic substances" under any applicable laws,
<br /> � 1 ordinances or regulations (collectively referred to hereinafter v
<br /> �, �; .. ',
<br /> ' `. , 1 as "Nazardous Materials") . Borrower hereby warrants and repre- ,
<br /> � �,:
<br /> ;{ � � sents tio Lender thati there are no tlazardous Materials on or under —
<br /> ; the Prnperty. Borrower hereby agrees to indemnify and hold
<br /> �' � ' harmless Lender, it� directors, officers, employees and agen�s, �.
<br /> ,� and any successors to Lender's fnterest, from and against any and :
<br /> ' all claims, damages and liabilities aricing in connection with �,
<br /> � the presence, use, atorage, disposal or transport of any Ilazardous
<br /> ' Materials on, under, from or about the Property, includinq, with- +
<br /> ' out limitation, (a) all damages directly or i.ndirectly arising
<br /> � .,...,..:.,., �crnraae or disposal of Hazardous
<br /> OIIC OI LliC ii5c� y=%�-��+�-�---• �- -- - r
<br /> � Materials by Borrower or any prior owner or op�x�ator bf the �
<br /> Property, and (b) all costs of any required or necessary repair.
<br /> cfleanup� cnr c2e.toxification and the preparation of any c�.�ns��re or
<br /> �'"� � � oth�s re�rair�d p�ar�s, wfi�ettn�er such action is required ar neces-
<br /> • •.�r��:. � �� � ; s�,ry prior to or �`��iowinc; trar�s�er of title to the Proper�y, to
<br /> ' 4''� the full ext�:nt tl.at such arti�� :s attributable, d�rectsy or
<br /> ; indire�tly, to the presence or use, generation, storage, release,
<br /> ' j threatened release or di�po��a too�ransfer�of titlel thet-etoaby
<br /> .� peraon on the Property p
<br /> -3- �
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