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<br />16. Remedies on Default. In some instances, federal and state law will require Beneficiary to
<br />provide Trustor with notice of the right to cure or other notices and may establish time schedules for
<br />foreclosure actions. Subject to these limitations, if any, Beneficiary may accelerate the Secured Debt
<br />and foreclose this Security Instrument in a manner provided by law if Trustor is in default.
<br />At the option of Beneficiary, all or any part of the agreed fees and charges, accrued interest and
<br />principal shall become immediately due and payable, after giving notice if required by law, upon
<br />the occurrence of a default or anytime thereafter. In addition, Beneficiary shall be entitled to all the
<br />remedies provided by law, the terms of the Secured Debt, this Security Instrument and any related
<br />documents, including without limitation, the power to sell the Property.
<br />If there is a default, Trustee shall, in addition to any other permitted remedy, at the request of the
<br />Beneficiary, advertise and sell the Property as a whole or in separate parcels at public auction to the
<br />highest bidder for cash and convey absolute title free and clear of all right, title and interest of Trustor
<br />at such time and place as Trustee designates. Trustee shall give notice of sale including the time, terms
<br />and place of sale and a description of the Property to be sold as required by the applicable law in effect
<br />at the time of the proposed sale.
<br />Upon sale of the Property and to the extent not prohibited by law, Trustee shall make and deliver a
<br />deed to the Property sold which conveys absolute title to the purchaser, and after first paying all fees,
<br />charges and costs, shall pay to Beneficiary all moneys advanced for repairs, taxes, insurance, liens,
<br />assessments and prior encumbrances and interest thereon, and the principal and interest on the Secured
<br />Debt, paying the surplus, if any, to Trustor. Beneficiary may purchase the Property. The recitals in any
<br />deed of conveyance shall be prima facie evidence of the facts set forth therein.
<br />All remedies are distinct, cumulative and not exclusive, and the Beneficiary is entitled to all remedies
<br />provided at law or equity, whether or not expressly set forth. The acceptance by Beneficiary of any
<br />sum in payment or partial payment on the Secured Debt after the balance is due or is accelerated or
<br />after foreclosure proceedings are filed shall not constitute a waiver of Beneficiary's right to require
<br />complete cure of any existing default. By not exercising any remedy on Trustor's default, Beneficiary
<br />does not waive Beneficiary's right to later consider the event a default if it continues or happens again.
<br />17. Expenses; Advances on Covenants; Attorneys' Fees; Collection Costs. Except when
<br />prohibited by law, Trustor agrees to pay all of Beneficiary's expenses if Trustor breaches any covenant
<br />in this Security Instrument. Trustor will also pay on demand any amount incurred by Beneficiary
<br />for insuring, inspecting, preserving or otherwise protecting the Property and Beneficiary's security
<br />interest. These expenses will bear interest from the date of the payment until paid in full at the highest
<br />interest rate in effect as provided in the terms of the Secured Debt. Trustor agrees to pay all costs
<br />and expenses incurred by Beneficiary in collecting, enforcing or protecting Beneficiary's rights and
<br />remedies under this Security Instrument. This amount may include, but is not limited to, attorneys'
<br />fees, court costs, and other legal expenses. This Security Instrument shall remain in effect until
<br />released. Trustor agrees to pay for any recordation costs of such release.
<br />18. Environmental Laws and Hazardous Substances. As used in this section, (1)
<br />"Environmental Law" means, without limitation, the Comprehensive Environmental Response,
<br />Compensation and Liability Act (CERCLA, 42 U.S.C. 9601 et seq.), and all other federal, state
<br />and local laws, regulations, ordinances, court orders, attorney general opinions or interpretive
<br />letters concerning the public health, safety, welfare, environment or a hazardous substance; and (2)
<br />"Hazardous Substance" means any toxic, radioactive or hazardous material, waste, pollutant or
<br />contaminant which has characteristics which render the substance dangerous or potentially dangerous
<br />Deed Of Trust Closed End -NE
<br />® 2023 Wolters Kluwer Financial Services, Inc. 07/2024
<br />All rights reserved. 24.3.0.5958-J20240907N Page 5 of 10
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