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<br /> - ' � � 91-� �02849 =_
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<br /> . , �i.�'.'• , tlte Property in violation of eny law, ordinance, or regulationt �.t���,,�6____�
<br /> ° aad shall pay and promptly disaharqe at Horrower's cost and ����.«•,.,
<br /> � . � expense all lfens, encumbrances and charqes levied, imposed or � - ° �= -�•°°���=�
<br /> • � . assessed againat the Property or any part thereof. �r-=R�•�;•.r�.�a;.r�.;,`.:.-_
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<br /> � � 6. Eminent Domain. Lender is hereby asafgned all �--•--�° • .
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<br /> _ ... .."1 'Ti�+-7�i�T�.'I�.Y.
<br /> '° <, °•� � compensation, awards , damaqes and other payments or relief . �..
<br /> (hexeinafter "Proceeds") in connection with conaemnation or orher * ��4�
<br />'� � - �� taking of the Property or part thereof, or for conveyance in lieu . . '�';.�t.�,.�•:...
<br /> � of condemnatian. Lender shall be entit�ed� at ite option, to
<br /> , '� comn�ence, appear in and prosecute in its own naaae any action or
<br /> � � '� proceedings• and s�all alsa be entitled to make aa�y cornpromise or .
<br /> �• settlement in connection with such takinq or damage. In the ,
<br /> . event any portion of the Proper+Ly is oo taken or damaqed, i.ender
<br /> �,,: �� shall have the optian, in its sole and absolute discretion, to
<br /> apply all such Procaeds, after deductinq therefrom all costs and W.�,.
<br /> • ���, . � ex(sensea incurred by it in connectior► with such Proceeds, upon
<br /> ' � ' .��;' ?�
<br /> , any indebtedness securerl hereby and in such order as Lender may ::,�c%�"
<br /> +��: determine, or to apply all such Proceeds, after auch deductioas, �-��
<br /> � � to the res�oration of the Property upon such conditions as Lendex :�';. .����
<br /> may determine. Any aPplication of Proceeds to indebtedness shall ; �•ti�
<br /> , � not extend or postpone the due date of any payments under the �' '��� ��'�`=.�_
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<br /> � ��°` ' � Note, or cure any defanit thereunder or hereunder.
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<br /> 7. Performance by Lender. In the event of Borrower's �� ' ;�F;'�
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<br /> ����•;��'� fai].ure to perform any of the covenants herein or �nake any pay- ` .�� � . . ..
<br /> ���'���'� ments required hereby, or if any act is taken or lea�al proceedinq
<br /> . ... .
<br /> ...._a;�:����' commenced which materiall affects Lender's intes�st in the �,,,;�:'� `,
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<br /> -r���.�; �'�������'.:� Property. Lender may in ies awn discr�s�fon, but wA�:�aat o*�1ig�- ;,, ,,: .`_ �_
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<br /> tion to do so, and without �otice to or demAn�] tap�on Horrower� and �.: ,.•.. .�,;�_,,
<br /> �� �� without releasing Borrower from any obligati�n� do any act which '�:;�'�� ° �
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<br /> . the Horrower has agreed but fxils ta do and may alsa do any other , ,.;;.j,_
<br /> act it deems necessary to protect t3te security heseaf. Borrower � :�:`;r:;.A�;
<br /> � ' sha11, immediately wpon c�emand therefor by Lender, �ay to Lender � ''��,�/��_
<br /> all costs and expenses incurred and sums expended by Lender in =. _
<br /> • connectian with the exercisa by Lender of the foregoinq rights, :�
<br /> � toqether with intc�rsst thereon at the default rate provided in •
<br /> � ,;,, �: the Note, which shall be added to the indebtedness aecured � . �
<br /> �� ' hereby. Lender shall not incur any liability because of anything :;�;;.;
<br /> � it may do or omit to do hereunder. � �
<br /> g. Hazardous Materials. Borrower shall keep the -�-
<br /> :' � � Property in compliarsce w th any and all federal , state and local , :;,�.,.,,
<br /> �aw�s, ordinances an� requlations relating to industrial hyqiene •.r,:-.. ,,'�.
<br /> "'`�• ' or to environmental cor�ditions on, under or abnut the Property, . , �� , :,,;z� '�•
<br /> , ;�j:. � 3ncludinq, but not bimited to, soil and c�roundwater condi�ions. �
<br /> �r�nstor shall not use, qen�erate, manufacture, atare or dispose of
<br /> �"�• � � ono under or about the Property or transport to or from the
<br /> ,, ' �re�perty any flammable explosives, radioactive rnaterials, hazardous
<br /> � � , �;!:r.�? wagtes, toxic substances or related materials, includinq, without
<br /> 'j,'�•`���' limitatfon, any substances defined as or included in the defini- .
<br /> �,..,�� �
<br /> ' � tion of "hazardous snbstances" , "hazardous raastes", ^hazardous
<br /> materials" or "toxic substances" under any aFagaicable laws, �
<br /> �rdinances or requlations (collectively referre�fl �t�a hereinafter
<br /> as "Hazardous Materi.als") . Borrower hereby warra�nts and repre-
<br /> �'"� sents to Lender that there are no Hazardous Materi�Is ost ar under
<br /> � �4�s.�.�" the Property. Borrower hereby agrees to inde�ra�7�fry ac�cZ ltiold
<br /> � harmless Lender, its directors, officers, employ�ee� and agents,
<br /> ' � and any successors to Lender's interest, from an8 aaainst any and
<br /> all claims, damaqes and liabilities arising in connection with
<br /> � the presence, use, storaqe, disposal or transport of any Hazardous
<br /> � Materials on, under, from or about the Preperty, including, with-
<br /> .e __ r_i .� 1 .��rwanec� Airesntiv nr indirectiv arisinq
<br /> OIIL limiidcaa�ur ��•i ••�� •••••••••y...� _ - - -
<br /> j � out of the use, generation, storaqe or� disposal of Hazardous
<br /> i Materials by 9orrower or any prior owner or operator of the
<br /> ; Property, and (b) all costs of any required or necessary repair.
<br /> , cleanup or detoxification and the preparation of any closure ar
<br /> other required �lans, whether such action is required or neces-
<br /> sary prior to or following transfer of title to the Property, to
<br /> the full extent that such action is attributable, directly or
<br /> � indirectly, to the presence or use, qen�ration, storage. release,
<br /> � threaten�d release or disposal of Hazardous Materia2s by any
<br /> person on the Property prior to transfer. of title thereto by
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