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<br /> n:.-.� ._.e..,._?_ _ _ _,.�.� � •� � , ' _ ' .. � ' � � .. � _ . �Rf� _
<br /> f- �. .Se .t .tir%;t.:►�lr---
<br /> _ ���� � ' ' ' . .. , g�_ �� ' :>>�i��:
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<br /> � � °
<br /> �� th� Brop�rty iQ violation o!t any laM; ordinana�, or �c�qnls�ion�
<br /> �� uW rhall pay and praaptly disohurqe at Horsq�r'� ao�� +�d
<br /> aocp�n�e all lieu�, �nawbranae• and ohargea 1�vi�!!, i�po��d or
<br /> � ua����d againrt th� psop�sty or aay par� th�reol,
<br /> , ��,__.---�-� �
<br /> - ' 6. �miaent aia. I�ender is h�reby a�siqn�d sl�.
<br /> , : , aaapsnsation,w awai3s;��a�aages and other p Qo�n�ation or other
<br />�,�;:�. (herein�ft�r �racaads ) in s�ntt��ti�n Ni�h
<br /> - ta�ci.nq o! the Praperty or pe�rt theseo�, or �or convayanae in liau
<br /> - of condemnation. Londes shall be entitled, at it� aptian, to
<br /> - aonanenae, appear in and pro�ecute in ito a�rn ns�e anY actfon or
<br /> - - ---'------- proaeedinqs• and �hall nl�o be�ealitlad to �k� axiy co�►rami�e or
<br /> settleaent ia cor�aection Mith an�ch taking or aawaqe. �n the
<br /> s ,:, eveat any portion of xhe Propezty Sa r�o taken or da�#�►9ed, 7�ender
<br /> - — - shali hsva the option, ir� f��o eole.�ud ab�aolute dis�aretion� to
<br /> �;'�,� APPly all such Proceeds. .a�t�zc dedu�;�a�9 thier�from.�'ll aosti@ and . -
<br /> . - cscpvnr�es ia�cuxrcd �y it i�e �o»nQCtion wit� a�u�oh 8xoaeed�, upon -
<br />-_ - ��;:;�;.r.,.� any ladebtedness se�cured hereby and �.n suah drder as I.ender n�ay _
<br /> ' deter�niae, or to apply all auah �npceeds, after suah deduatio�ne. • . � ,
<br /> . ���� ��
<br /> ":��r ��'n"�:,`�:�r 4;•, ta tl►e restoration of the Property upon suoh oondi�3one as Leader ,'; -
<br />'"; ..,. � tx1� �..�..v�s�l -
<br /> �• *,. ..t:, �,,� �, may deternaine. Any appliaatian of Proceede t� �.ndebtedneas�s�ia11� _
<br /> . �.y��;�,� : not extend or poetpone the due date of any paymeata wider� tbe _
<br /> '�" t��Y ��. Not�. or cure any default thereunder or hereunder.
<br /> V�
<br />_,�fi ° '',�-�,;;sxa. .rf:,,,:••. 7. Performanae by, I+e�,,,,,�dex. =n the even� of Horrqwer'e
<br /> � � '" ��' failure to per orm any o ti�e covenants herein or make eny pay- -�
<br /> _ ��,,,,;;,.+„� `�;,_,
<br /> - ,,.,�. ,�.., r., nrenta required hereby, or i� any act ia taken or legai proaeeding -
<br /> '� ?a,�%�,'_.'... *�"` ' co�menaed �hich materially a�feate Lender's intere�� in the
<br /> 5 Progerty; Lender m�y in ita own BiaQretion, bu� without obliga-
<br /> �'��' tion to do so, and without notice to or demand qpon eorrowex, and ,
<br /> ('f`��'I' �yr�t7;s, sJi�
<br /> �•4 �' ' '�Y��"'����'"'° `��`f�. without releasir►q Borrower from any obligation, 8o any aat Which -
<br />�;.,. : � ' ,�.��;,.8��;�';`�'� the Borrower has agreed but Pails to do and may also do any other • �
<br /> :,.,�.. . ;::� . .;:`'�A act it deeme neceseary to protect the security hereof. Bozrowez F
<br />�i,,,;�.`� ��� �� .• shall, immediately upon demand therefor by i,ender, pay to Lender
<br />�`';' `"�� "` �'���:��' all csoats and expenses incurred and sums expended by Lender in . �
<br /> " ° �`�'� '''°' (�' connection with the exercise by Lender of the foregoing rights, L
<br /> }a'a.*r.�»,.. �.-��d�::"��. °-
<br /> :..,:,,;,r;., . . �,,�, ;; toqether wi�h interest thereon a� the default rate provided in �,.:
<br /> 1 r � the Note, whiah shall be added to the�de�tedness seaured _
<br /> �a�t "' ' ";" � hereby. Lender shall not i.ncur any liabi�ity becauae ai anything . _
<br /> ,.�:;;;,,..: �;�==�---�'=" it may do ar omit �o do hereunder. -
<br /> !„_,. �-...----�; . -
<br />����`7'•{ � �� ' ° ` ��� ' �� Borrowe r shal l keep the =
<br /> � '�,• • •'� 8. Hazardous Materials.
<br /> � ti..:'�,,�'�.;.�:,:::. �. .� . -
<br /> � :'� �� ..i ,,.,, , ., . .
<br /> ��• Property in comp anoe w th any and all federal, state and laca
<br /> '� �','�A"�" laws, ordinances and requlations relating to induetrial hygiene
<br /> `'"�',��`.. ' �,+ �� ' 1 ar to environmental conditions on, under or about the Property,
<br /> '�;$!i` ' . „
<br /> ;�,,s .; �,. . . : "` �, includinq, but not limited to, soil and qroundwater conditiions. �
<br /> - •� ���� u:��4"� Trustor shall not use, generate, manufacture, store or dispose of
<br /> , .�L. ,,F1.1.. ir
<br /> � � � on, under or about the Property or transport to or from the _
<br /> .•�_�r�.; �,,,�;�+:.. . '_•� Property any flammable explosives, radioactive materials, hazardau�
<br /> ;����,�:�.�:. �,��� "' wastes, toxic substancea or related materials, including. without _
<br /> .: :,�,,.;.
<br />�:�, �,• ,� � '. .. limitation, any subetances defined ae or ir�clu�ed in the defini-
<br /> t���.��:_ :�'� '"•� ,�'�''�f' � � tion of "hazardous substances", "hazardvus wastes", "hazardous ��
<br /> 'J;�'�� �`s - -�-- ' '�--,�;,-s materials" ar "toxic substances" under any applicable laws, _
<br /> i � � � � 'i•� � ordinances os regulations Icollectively referred to hereinafter
<br /> s�.��f��:_� � � ��>� � •�''�•':�' as "Hazardous Materials") . Barrower hereby warrants and repre- _
<br /> ��`'" ��,� ' �� �'•��:�'? sents to Lender tha� tfiere are no �iazardous MateriaIls on or under °
<br /> ��`'�� �� ��� . n. •��r�, the Property. Borrower heremy ac�xees to irademnify and hold _
<br /> '�,+• ' '� ' �•� ' harnaless 3.ender, ixs direCtor�, offatcers, employees and age�ts, _
<br /> z� �`:: ..
<br /> �';��� ,• ; °�� °�' aad any successors to Lender's intexest, fxor�a and against any and
<br /> , • #;��-�'`�;x-�•,:�,+ti:, , , � a11 claims, damages and liabilities arisinq in connection with f
<br /> �_�.�: .�; �_�iy;;�.;.� the presence, us�, storage, disposa� or transport of any Hazaraous ,
<br /> `•��' }�• � Material� om, under, from ar about the Prnperty, �.mc�.uding, with- !..
<br /> ���Y���` out limitation, ta) all damagas directly or fndirectly a�ising
<br /> �'�•+� `' � ��'�``� �''� out of the use, generation, storage or disposa3 ox �iazaraoua �
<br /> '�,, ,at { � ��"� � Mat�rials by Borrawer or any prior owner or ape�ator af the ;
<br /> '- - ���=''��,`--r�� 'r='�� Property, and (by gll coats of any required ar necessary repafr.
<br /> {�:...� ��� � � � ��` cleanup or detoxification and the preparation of any closure or
<br /> �:�':.:�����'� � .:; other required plans, whether such act�on is required or neces-
<br /> ; �� �� � sary prior to or following traaefer vf tit2e to the Property, to
<br /> � �'' `� • . " � the full extent tihat such action ig attiributabLe, directly or
<br /> ; • :;. ,;�,,..�. indirectly, to the preeence or use, generation, storage, release,
<br /> � � � threatened release or disposal of Hazardous Materials by any
<br /> 1 , . �. .
<br /> . # � ,, person on the Property prior to transfer of title thereto by
<br /> _ +' • � :t '
<br /> : � � -3-
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